Updated: Aug 23, 2023

Capital One Venture X Rewards Credit Card 2024 Review

Our review of the Capital One Venture X Rewards Credit Card looks at the rewards program and premium card benefits that offer a better travel experience.

5.0

Editor's Rating

Written By Rebecca Lake

Finance Expert

Contents

Travel rewards cards can help you earn miles toward award flights, hotel stays, and other travel expenses. The best travel rewards credit card offers features, benefits--and an annual fee--that's tailored to your needs.

The

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is an upgraded travel rewards offering.

This card offers an elevated number of miles on travel purchases, including hotels, rental cars and flights. You can also earn unlimited double miles on everyday spending.

A generous introductory miles bonus and an annual miles bonus help to boost the card's value. But there is a higher annual fee to contend with.

Wondering if this card is right for you? Continue reading our Capital One Venture X Rewards Credit Card review to help you decide.

Main Highlight: Maximize Travel Miles With Capital One Travel

The Capital One Venture X Rewards Credit Card offers a tiered rewards program, with miles earned on every purchase. Here's how rewards break down:

Earn 10 miles per dollar on hotels and car rentals booked through Capital One Travel
Earn 5 miles per dollar on flights booked through Capital One Travel
Earn 2 miles per dollar on all other purchases

There's no cap on the number of miles you can earn. But you do have to book through Capital One Travel to earn 10 or 5 miles per dollar on travel purchases.

Capital One offers three additional ways to earn miles:

Introductory Early Spend Bonus
Anniversary Bonus
Referrals

The Early Spend Bonus is a one-time miles bonus eligible cardmembers can earn by meeting a minimum spending requirement. Each year on your card anniversary you can earn 10,000 bonus miles, worth $100 in travel credit.

And you can get up to 100,000 miles for referring friends and family to the Venture X card.

So how can you use those miles?

You can easily redeem Venture X miles for travel expenses, including flights, hotels, and rental cars. Or you could transfer miles to 15+ travel loyalty partners.

Miles are worth one cent each when redeemed for travel. If you don't have any travel plans ahead you could also redeem miles for:

Past purchases
Statement credit
Check or deposit into a bank account
Gift cards

Redemption values for these options may vary.

Premium Travel Benefits

The Capital One Venture X Rewards Credit Card offers more than just miles.

This card also comes with some interesting travel benefits, including:

$300 annual travel credit
$200 vacation rental credit for rentals charged to your card within the first year
Capital One Lounge access
Priority Pass benefits
Global Entry or TSA PreCheck fee credit
Hertz President's Circle status

These benefits help raise the card's value even further.

With the $300 annual travel credit, for example, you're getting $300 back for bookings made through Capital One Travel.

Capital One Lounge visits are free and unlimited for cardmembers and two guests per visit.

This card makes no mention of in-flight purchase credits or free checked bags. But the benefits you do get can still save you a substantial amount of money.

What Else Do You Get With the Capital One Venture X Rewards Credit Card?

The Capital One Venture X Rewards Credit Card has a few other noteworthy features, such as:

Cell phone protection up to $800
Free price drop protection when booking through Capital One Travel
Capital One Entertainment benefits

Miles earned with the card don't expire. And there are no blackout dates or restrictions when you're ready to redeem miles.

The Capital One Venture X Rewards Credit Card has a $395 annual fee. So you have to consider whether paying that fee is worth it.

The $300 annual travel statement credit you can earn, along with the value of the anniversary miles bonus, could help you to recoup the fee each year.

But it's important to consider how often you travel and how you prefer to book. If you don't mind booking through Capital One Travel, you could accumulate a decent amount of miles on travel.

But if you prefer to book directly with the airline or hotel or through a third-party travel site, this card won't be as valuable to you.

So look at your typical travel spending habits to help decide if the annual fee is justified.

Capital One Venture X Rewards Credit Card vs. Other Rewards Cards

The Capital One Venture X Rewards Credit Card is one possibility for earning travel miles. But it pays to look at other card options.

Here are three other travel cards you might consider for earning points or miles.

Capital One Venture Rewards

Capital One Venture Rewards Card Pros & Cons

Pros	Cons
Good for people who want a simple travel rewards card Earn 2 miles per $1 spent on everything No foreign transaction fees	$95 annual fee

The offers a simpler approach to earning miles.

With this card, you earn unlimited double miles on every purchase. You can also earn five miles per dollar on hotels and rental cars booked through Capital One Travel.

This card isn't quite as rewarding as the Venture X card but it doesn't cost as much either. The annual fee is $95 vs $395.

Other card benefits include:

Introductory miles bonus
Two free visits to the Capital One Lounge per year
Miles transfer to 15+ travel partners
Global Entry or TSA PreCheck fee credit
Hertz Five Star Status
Free price drop protection on travel purchases

You might choose this card if you want to earn travel miles with a lower annual fee.

Read the full editorial review of Capital One Venture Rewards.

Chase Sapphire Reserve

Chase Sapphire Reserve Card Pros & Cons

Pros	Cons
Good for people who want to earn premium travel rewards while shopping Members receive a $300 annual travel statement credit Complimentary Priority Pass™ Select membership Reimbursed for either Global Entry or TSA Precheck Application fee Offers cardholders exclusive travel and dining perks	No Intro 0% APR offer $550 annual fee Need excellent credit to get approved Can cost more than it's worth if you don't travel often Not the best card for people who don't travel abroad

The is a popular travel rewards card with similar rewards and premium travel perks.

With this card, you can earn:

10 points per $1 on hotels and rental cars purchased through Chase Ultimate Rewards after the first $300 is spent on travel annually
10 points per $1 on Chase Dining purchases with Ultimate Rewards
5 points per $1 on flights purchased through Chase Ultimate Rewards after the first $300 is spent on travel annually
3 points per $1 on other travel worldwide after the first $300 is spent on travel annually
3 points per $1 on other dining purchases
1 point per $1 spent on all other purchases

Points can be redeemed for travel through the Ultimate Rewards program. When you use points for travel this way you get 50% more redemption value.

On top of that, this card offers premium travel benefits such as:

Global Entry or TSA PreCheck credit
Airport lounge access
1:1 points transfer
Luxury Hotel & Resort Collection

The annual fee for this card is $550, with a $75 annual fee for each authorized user.

Read the full review of the Chase Sapphire Reserve card.

The Platinum Card^® from American Express

*See Rates & Fees. Terms apply.

The Platinum Card from American Express Card Pros & Cons

Pros	Cons
One of the best cards for people who want to earn high rewards points and added perks for shopping - especially for travel Tons of added perks for cardholders No foreign transaction fees Various credits toward certain travel and shopping expenses	$695 annual fee Card balance is due in full every month, or interest is assessed AMEX may not be accepted at every merchant If you don't travel often, it can be costly

is one of the more expensive travel rewards credit cards on the market, with a $695 annual fee.

But it comes packed with value.

Some of the card's main highlights include:

$200 annual hotel credit
$240 annual digital entertainment credit (enrollment required)
$155 Walmart+ credit
$200 Uber Cash
$200 airline fee credit
$300 credit on Equinox memberships (enrollment required)
$189 annual fee credit for CLEAR enrollment
Global dining access by RESY

That's in addition to the points you can earn on purchases.

You can earn five points per dollar on flights booked with airlines or with Amex Travel. You also get five points per dollar on prepaid hotels booked at amextravel.com. All other purchases earn one point per dollar.

Read the complete review of the American Express Platinum Card.

Final Verdict: Should You Apply for the Capital One Venture X Rewards Credit Card?

The Capital One Venture X Rewards Credit Card is suited for earning unlimited travel miles with minimal hassles.

This card could be a good fit for you if you:

Are comfortable booking hotels, rental cars, and flights through Capital One Travel
Prefer simplified redemption options, including miles transfer
Don't mind paying a higher annual fee for travel rewards and benefits

You may want to choose a different card if you'd prefer to earn points or you want to earn rewards with a specific hotel or airline loyalty program.

But overall, this card offers some excellent travel rewards and benefits for the money. Just remember that there's no introductory APR so you'll need to consider what carrying a balance might cost you.

See the rates & fees for the mentioned American Express cards: The Platinum Card from American Express (Rates & Fees; terms apply).

About the author Rebecca Lake

Rebecca is a writer for MyBankTracker.com. She is a Certified Educator in Personal Finance (CEPF) and an expert in consumer banking products, saving and money psychology. She has contributed to numerous online outlets, including U.S. News & World Report, and more. Education: B.A. in Political Science and Government from University of South Carolina; MS. in Criminal Justice and Corrections from Charles Southern University.

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