- 75,000-mile initial bonus
- 2 - 10 miles per $1 spent on purchases
- Annual statement credit & bonus opportunities
- Airport lounge access
- $395 annual fee
- Not good for financing
- Requires excellent credit
Capital One Venture X Review Summary
The Capital One Venture X Rewards Credit Card is good for big-spenders who travel often enough to take full advantage of perks like airport lounge access, annual travel credits, and a TSA PreCheck/Global Entry application fee credit. The Capital One Venture X Card’s elite rewards also help make its $395 annual fee worthwhile. Cardholders earn 2 - 10 miles per $1 on purchases, plus a hefty initial bonus.
In addition to a high annual fee, the Capital One Venture X Card’s biggest weaknesses are its high interest rate and the fact that you need excellent for approval. I would think twice about applying if you don’t plan to pay the bill in full every month or if your credit score is below 750.
That’s what you need to know about Capital One Venture X at a high level. Below, I’ll explore the card’s pros, cons and notable competitors in more detail.
Capital One Venture X Rewards Credit Card
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
- Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
- Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
- Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
- Earn unlimited 2X miles on all other purchases
- Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
- Receive up to a $100 credit for Global Entry or TSA PreCheck®
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
- Elevate your stay at luxury hotels and resorts from the Premier Collection with a $100 experience credit, daily breakfast for 2 and complimentary WiFi on every booking, plus other premium benefits like room upgrades, early check-in and late checkout when available
Capital One Venture X Review Highlights
Big initial bonus: 75,000 miles
The Capital One Venture X initial bonus is 75,000 miles for spending $4,000 in the first 3 months. The bonus miles are redeemable for $750 in travel – more than enough to cover the annual fee the first year or even a trip out of town. “I used my Capital One Venture X bonus for a warm weekend trip down to Florida,” WalletHub user Raquel Torres told me. “It was great to get away on Capital One’s dime.”
This bonus is larger than average for a rewards card right now. On average, new credit card offers have an initial bonus of just 31,338 miles. Furthermore, not too many cards have bonuses as big as what Venture X offers, even among the best signup bonus credit cards.
Bonus Rewards via Capital One Travel: up to 10 miles / $1
Cardholders earn 10 miles / $1 on hotels and rental cars booked through Capital One Travel. The Capital One Venture X Card also gives 5 miles / $1 spent on flights booked through Capital One Travel. That’s the equivalent of 5% to 10% back if you also redeem the miles that you earn for travel, which I definitely recommend doing. You’ll get the most value that way.
If you’re not familiar with Capital One Travel, it is the travel-booking website that cardholders can access to easily arrange travel accommodations and pay with rewards, their cards or a combination. The site also offers a price-match guarantee if you find a better deal elsewhere. I recommend poking around the site for a while before you apply, to make sure it suits your travel preferences.
Above-Average Rewards on All Other Purchases: 2 miles / $1
At a minimum, you will earn 2 miles / $1 on purchases made with the Capital One Venture X Card. That’s higher than what the average miles card will give you: 1.23 miles per $1.
Annual Statement Credits: up to $300
The first $300 in Capital One Travel purchases that you charge to Capital One Venture X each year are on the house. You will receive statement credits to cover the cost. This effectively shrinks the cost of the card’s annual fee for anyone who can commit to booking travel through Capital One’s portal each year.
Account-Anniversary Bonus: 10,000 miles
After each account anniversary, when you’ve paid the next year’s annual fee, you get a 10,000-mile bonus as a reward. That is worth $100 toward travel and can be a big help in affording the card.
Airport Lounge Access: 1,300+ locations
Capital One Venture X gets you into 1,300+ Priority Pass airport lounges as well as roughly 100 Plaza Premium lounge locations around the world. It also unlocks the small but growing list of Capital One Lounge locations. Currently, the only open location is at Dallas-Fort Worth International Airport, and two more are planned for Denver International Airport and Dulles International Airport.
This is an excellent benefit, if you actually spend time in airport lounges. I see a lot of people gravitate to perks like this then hardly ever actually use them.
Global Entry/TSA PreCheck Benefit: up to $100
Capital One Venture X will credit you the cost of applying for Global Entry or TSA PreCheck if you pay the fee with your card. These programs get you faster airport screening when returning to the U.S. (Global Entry) or flying domestically (TSA PreCheck). It costs $100 to apply for Global Entry and $85 for TSA PreCheck.
Opting for Global Entry is the better value, especially if you’re going to be traveling internationally. Global Entry also gets you TSA PreCheck. Personally, I haven’t traveled frequently enough to justify signing up, but I hear good things.
Capital One Venture X Review Lowlights
High Annual Fee: $395
The Capital One Venture X Card’s $395 annual fee is its biggest shortcoming and something that’s likely to scare away a lot of potential applicants.
You really should think twice before applying for a card with such a high membership fee because if you don’t use the card as much as you assume you will, you may not get your money’s worth. That said, this card does give you a lot of opportunities to recoup your investment and then some. My recommendation is to make an honest assessment of your spending habits, estimate how much you are likely to save with this card, and then compare those potential savings to what you’d get from other cards.
High APR: 21.24% to 28.24% (V)
The exact APR you will be assigned if approved for the Capital One Venture X Card depends on your credit standing, but it will be somewhere in the range of 21.24% to 28.24% (V). As a result, I strongly suggest paying your bill in full every month because interest charges will erode your rewards earnings otherwise.
People with a credit score high enough to get approved for the Capital One Venture X Card should have no problem qualifying for a 0% APR credit card to use for purchases that will take months to repay. Similarly, if you currently have expensive debt, you should be able to transfer it to a good balance transfer credit card that will save you money.
Other Things to Consider About Capital One Venture X
No Foreign Transaction Fee
The Capital One Venture X Card’s $0 foreign transaction fee is a good thing – it’s just not unique. No Capital One credit cards charge foreign transaction fees, which is good news for cardholders planning to travel abroad or make purchases from foreign merchants online.
Excellent Credit Required for Approval
The Capital One Venture X credit score requirement is 750 or better, at least if you want to have good approval odds. You can check your credit score for free on WalletHub.
Capital One Venture X vs. the Competition
Capital One Venture X Rewards Credit Card
Capital One Venture Rewards Credit Card
Chase Sapphire Reserve®
|Bonus Offer||75,000 miles||75,000 miles||60,000 points|
|Rewards Rate||2 - 10 miles / $1||2 - 5 miles / $1||1 - 10 points / $1|
|Purchase Intro APR||N/A||N/A||N/A|
|Transfer Intro APR||N/A||N/A||N/A|
|Regular APR||21.24% - 28.24% (V)||20.24% - 28.24% (V)||21.49% - 28.49% (V)|
|Details, Rates & Fees||Learn More||Learn More||Learn More|