Capital One Venture X Rewards Credit Card Review [2024]: Capital One’s Premium Travel Card

CREDIT CARDS - TRAVEL CREDIT CARDS
The Capital One Venture X Rewards is the only premium consumer travel card option in Capital One’s credit card lineup.
Updated June 14, 2024
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The Capital One Venture X Rewards Credit Card(Rates and fees) is a travel rewards card that earns miles for purchases you make in your daily life. Like most travel credit cards, it comes with multiple perks and benefits you might find useful if you travel frequently.

As a premium travel card, the Venture X has a $395 annual fee, which is higher than the more midrange Capital One Venture Rewards Credit Card(Rates and fees) ($95 annual fee). But for the cost, the Venture X offers access to additional perks that you can’t get with the regular Venture card.

In this Capital One Venture X Rewards Credit Card review, we cover the strengths and weaknesses of the only premium travel card option from Capital One. Let’s see if it makes sense to find space for it in your wallet.

Premium Travel Rewards & Perks

4.9

Capital One Venture X Rewards Credit Card

Current Offer

Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months from account opening

Annual Fee

$395

Rewards Rate

2 miles per dollar on every purchase, every day; 10 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar on flights booked through Capital One Travel, and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25

Benefits and Drawbacks
Card Details

In this article

Who should get the Capital One Venture X Rewards Credit Card?

The Capital One Venture X Rewards card has plenty of benefits geared toward frequent travelers, especially if you travel enough to warrant using a premium-level credit card. Some of the Venture X’s perks include annual travel credits, airport lounge access, and anniversary miles you receive each year.

These perks can provide loads of value if you travel several times a year and want to hang out in an airport lounge between flights. The annual travel credit plus anniversary miles also help balance the cost of the Venture X’s $395 annual fee, which might make it a better deal for you than some other luxury travel cards (such as the Chase Sapphire Reserve® or the The Platinum Card® from American Express).

Tip
If you don’t travel much, then you might prefer a cashback card or one of the other best travel credit cards. It doesn’t make sense for most people to pay a high annual fee unless you’re taking full advantage of a premium credit card’s benefits.

If you’re the kind of traveler who would benefit from the Venture X card’s features, then it’s definitely worth a look. Aside from its other perks, the Capital One Venture X Rewards Credit Card’s welcome offer and benefits can also provide plenty of value — potentially more than enough to offset the $395 annual fee.

Keep in mind, you typically need an excellent credit score to qualify for the Capital One Venture X Rewards Credit Card.

Card basics

Card type Travel
Credit card issuer Capital One
Credit card network Visa
Annual fee $395
Intro bonus Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months from account opening
Reward rate 2 miles per dollar on every purchase, every day; 10 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar on flights booked through Capital One Travel, and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25
Recommended credit score Excellent
Foreign transaction fee None

Capital One Venture X Rewards benefits and perks

  • Generous welcome offer: Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months from account opening.
  • All-around earning potential: Earn 2 miles per dollar on every purchase, every day; 10 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar on flights booked through Capital One Travel, and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25.
  • Annual travel credit: Receive $300 in annual travel credits for bookings made through Capital One Travel.
  • Anniversary bonus: Receive 10,000 bonus miles each account anniversary (equal to $100 when redeemed through Capital One Travel).
  • Airport lounge access: This card has complimentary and unlimited access to Priority Pass lounges, as well as complimentary access to the Capital One and Plaza Premium Lounge networks. Your lounge access also allows two guests per visit, depending on availability. There are currently Capital One Lounges open in Dallas-Fort Worth (DFW), Washington, D.C. (IAD), and Denver (DEN).
  • Airport security programs: Receive up to $100 statement credit for Global Entry or up to $85 statement credit for TSA PreCheck® application fees.
  • Travel partners: Your miles can be transferred to over 15 travel partners, including Air Canada Aeroplan, British Airways Executive Club, and Wyndham Rewards.
  • Hertz elite status1: Receive complimentary Hertz President’s Circle status. President’s Circle benefits include guaranteed upgrades and picking from the widest selection of available vehicles.
  • Visa Infinite card benefits2: Visa Infinite cardholders receive many types of purchase and travel protections, including cell phone protection, lost luggage reimbursement, trip cancellation/interruption reimbursement, extended warranty protection, trip delay reimbursement, and auto rental collision damage waiver.
  • Capital One Entertainment: Receive special access to music, sporting, and dining events through the Capital One Entertainment portal. You have the option to use your rewards, your card, or a combination of the two to pay for tickets.

Drawbacks to this card

  • Annual fee: The Capital One Venture X Rewards Credit Card(Rates and fees) has a $395 annual fee. This is steep compared to most rewards credit cards, but it’s relatively affordable compared to other premium travel credit cards.
  • Travel credit: The $300 annual travel credit is helpful, but it’s also slightly restrictive due to the fact that you must book through the Capital One travel portal. Travel credits on other cards are often more flexible, such as the $300 travel credit on the Chase Sapphire Reserve®. That credit works for most travel purchases with few exclusions.
  • Recommended credit score: You likely need an excellent credit score to qualify for the Capital One Venture X Rewards card. This isn’t surprising considering many premium travel cards require the same.

How to earn & redeem miles with Capital One Venture X

Best ways to earn

Categories Rewards rate
Every purchase, every day 2 miles per dollar
Hotels and rental cars booked through Capital One Travel 10 miles per dollar
Flights booked through Capital One Travel 5 miles per dollar

Capital One has made it easy to earn rewards with the Capital One Venture X Rewards card. It offers a still-excellent rewards rate for its non-bonus categories. Overall you can earn 2 miles per dollar on every purchase, every day; 10 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar on flights booked through Capital One Travel, and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25.

If you compare credit cards, earning a 2X rate or higher on every purchase is quite good. If you use the Venture X as your everyday spending card, you could quickly rack up valuable miles to use on future trips. The bonus categories, on the other hand, are a bit lackluster, but they could be useful if you don’t mind booking travel through Capital One Travel.

Potential earnings in years one and two

Here's a look how your miles can add up with the Capital One Venture X Rewards. To calculate these values, we used a point valuation of 1 cent per point.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $1,025.00

Year two earnings: $275.00

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at points earned via spending, the welcome offer, and the annual fee. To calculate how many miles you could earn from spending, we used the base rate of 2 miles per dollar even though you can earn more on certain purchases. So depending on your spending habits, our estimate might be on the low end.

We didn’t include the $300 annual travel credit for bookings made through Capital One Travel, or the 10,000 anniversary mile offer in our calculations. But if you include those, you almost immediately make up for the $395 annual fee each year. This would increase your earning estimates a fair bit.

That increase also doesn’t include the value you’d receive from other benefits, such as airport lounge access, Global Entry or TSA PreCheck® fee credit, Visa Infinite benefits, authorized users with no annual fees, and Hertz elite status1.

Maximizing your redemptions

Venture miles often offer the most value when you redeem them for travel. This includes bookings made through Capital One Travel for flights, hotel stays, or rental cars. You could also redeem miles through transfers to Capital One travel partners. Your Capital One miles are worth one cent per mile through the travel portal, but could be worth much more for specific redemptions made with transfer partners.

The Venture X also gives you the option to redeem your miles for cash back, to make Amazon.com or PayPal purchases, or for gift cards. But these options are typically less valuable than using your miles for travel.

Capital One transfer partners

As one of your redemption options with the Capital One Venture X Rewards card, you can transfer your miles to one of over 15 airline and hotel loyalty programs. This could potentially increase the value of your rewards to more than the standard one cent per mile, depending on how you use the transferred miles.

Apart from the ALL - Accor Live Limitless and EVA Infinity MileageLands programs, all miles transfer at a 1-to-1 ratio. Here are Capital One’s airline and hotel partners:

  • AeroMexico Club Premier
  • Air Canada Aeroplan
  • Air France/KLM Flying Blue
  • ALL - Accor Live Limitless (2 to 1 ratio)
  • Avianca LifeMiles
  • British Airways Avios
  • Cathay Pacific Asia Miles
  • Choice Privileges
  • Emirates Skywards
  • Etihad Guest
  • EVA Infinity MileageLands (2 to 1.5 ratio)
  • Finnair Plus
  • Qantas Frequent Flyer
  • Singapore KrisFlyer
  • TAP Air Portugal Miles&Go;
  • Turkish Airlines Miles&Smiles;
  • Virgin Red Virgin Points
  • Wyndham Rewards

Best cards to pair with the Capital One Venture X

If you want to maximize earning Capital One rewards, consider pairing your Venture X with another Capital One credit card. Capital One makes it easy to combine rewards between certain cards’ rewards programs, even if one card earns cash back and another earns miles.

For example, you could convert cash back from a Capital One SavorOne Cash Rewards Credit Card(Rates and fees) into miles on your Venture X. This opens up opportunities to use multiple cards for eligible purchases where they’ll earn the most rewards. And then you can combine your rewards on one card to help reach your redemption goals quicker.

We recommend pairing the Capital One SavorOne with the Capital One Venture X because they have different bonus categories that complement each other:

  • Capital One Venture X: Earn 2 miles per dollar on every purchase, every day; 10 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar on flights booked through Capital One Travel, and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25.
  • Capital One SavorOne: Earn 3% cash back on dining and at grocery stores (excluding superstores like Walmart® and Target®), popular streaming services, and entertainment; 5% back on hotels and rental cars booked through Capital One Travel; 8% cash back on Capital One Entertainment purchases; 10% cash back on purchases made through Uber & Uber Eats (through 11/14/2024); and 1% cash back on all other purchases.

The Capital One SavorOne largely focuses on dining and entertainment categories, which the Venture X doesn’t have. But the Venture X has better earning rates on categories the SavorOne doesn’t have. So if you use both cards where they earn the most rewards, you can help maximize your earning potential.

Even better, the Capital One SavorOne Cash Rewards Credit Card(Rates and fees) has a $0 annual fee, making it an easy card to hold onto year after year. Read our full Capital One SavorOne Cash Rewards review.

Other cards to consider

The Capital One Venture X Rewards card offers a well-rounded premium travel product that hits many of the right notes for travelers. But if it doesn’t seem like the right fit for you, consider other credit card offers with the Chase Sapphire Reserve, The Platinum Card® from American Express, and Capital One Venture Rewards Credit Card.

Card Welcome offer Rewards rate Annual fee
Chase Sapphire Reserve® Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening 5X points on flights and 10X points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually; 3X points on other travel and dining & 1X points per dollar on all other purchases $550
The Platinum Card® from American Express Earn 80,000 Membership Rewards points after spending $8,000 on purchases on your new card in the first 6 months 5X points per dollar spent on eligible airfare (on up to $500,000 per calendar year, after that 1X) and eligible hotel purchases, and 1X points per dollar on all other eligible purchases $695 (Terms apply)
Capital One Venture Rewards Credit Card(Rates and fees) Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening 2 miles per dollar on every purchase, every day, 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25 $95
Capital One Venture X Rewards Credit Card(Rates and fees) Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months from account opening 2 miles per dollar on every purchase, every day; 10 miles per dollar on hotels and rental cars booked through Capital One Travel, 5 miles per dollar on flights booked through Capital One Travel, and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25 $395

Capital One Venture X vs. Chase Sapphire Reserve

The Sapphire Reserve has a high annual fee of $550, but it also offers a $300 annual travel credit that applies to most travel-related purchases — which makes it more flexible than the Venture X’s credit. Additionally, your points are worth 50% more when redeemed for travel through Chase Travel℠.

Read our full Chase Sapphire Reserve review.

Capital One Venture X vs. Amex Platinum

The Platinum Card® from American Express has a $695 annual fee, but it also offers a wide variety of perks and benefits. As for premium travel perks specifically, it’s hard to beat the global airport lounge access you receive and complimentary hotel elite status with both Hilton Honors and Marriott Bonvoy. Select benefits require enrollment.

Read our full Amex Platinum review.

Capital One Venture X vs. Capital One Venture

The Capital One Venture Rewards Credit Card(Rates and fees) has a much lower $95 annual fee, while providing a similar rewards rate and up to $100 credit for Global Entry or up to $85 credit for TSA PreCheck application fees.

Read our full Capital One Venture Card review.

Capital One Venture X Rewards Credit Card FAQs

Is the Capital One Venture X Rewards card worth it?

The Capital One Venture X Rewards Credit Card(Rates and fees) can be well worth it for frequent travelers. Its $395 annual fee is lower compared to other premium travel cards, and the cost can be offset with the $300 annual travel credit for bookings made through Capital One Travel and 10,000 anniversary miles you receive each year.

Which is better: the Capital One Venture X Rewards card or the Capital One Venture Rewards card?

If you travel frequently enough to take advantage of the Capital One Venture X Rewards card perks, its travel benefits outweigh those on the Capital One Venture Rewards Credit Card(Rates and fees). But your personal finance goals might better align with the Venture Rewards’ $95 annual fee compared to the $395 annual fee on the Venture X.

Can I get the Capital One Venture X Rewards card if I already have another Venture card?

Yes, you’re still eligible to apply for the Capital One Venture X Rewards card if you already have a Capital One Venture credit card, including the Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards Credit Card(Rates and fees).

Premium Travel Rewards & Perks

4.9

Capital One Venture X Rewards Credit Card

Why We Like It

Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months from account opening

See how these cards compare:

Chase Sapphire Reserve®
Chase Sapphire Reserve®
  • Up to $300 in annual travel credits
  • Great rewards on travel purchases and dining
  • Complimentary Priority Pass Select membership
  • Comprehensive travel protections, including trip delay and cancellation insurance
  • 50% point redemption bonus when booking through Chase Travel
The Platinum Card® from American Express
The Platinum Card® from American Express
  • Earn 80,000 Membership Rewards points after spending $8,000 on purchases on your new card in the first 6 months
  • Select your metal card design: classic Platinum Card, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu
  • 5X points on flights booked directly with airlines or on Amextravel.com (on up to $500,000 per calendar year, after that 1X) and prepaid hotels booked on Amextravel.com
  • Access to Centurion and Priority Pass airport lounges
  • Select benefits require enrollment.
  • See rates and fees | Terms Apply

Author Details

Ben Walker, CEPF, CFEI® Ben Walker, CEPF, CFEI®, is credit cards specialist. For over a decade, he's leveraged credit card points and miles to travel the world. His expertise extends to other areas of personal finance — including loans, insurance, investing, and real estate — and you can find his insights on The Washington Post, Debt.com, Yahoo! Finance, and Fox Business.