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Capital One Venture X Credit Card Review

Capital One Venture X Rewards Credit Card
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Capital One Venture X Rewards Credit Card
Capital One Venture X Rewards Credit Card
Michael Graw
Jan. 24, 2024
4 min read
Michael Graw
Capital One Venture X Rewards Credit Card Summary
The Venture X card is Capital One’s flagship travel rewards credit card. Capital One was founded in 1994 and has more than 100 million cardholders. The Venture X card offers unlimited 10X miles on hotels and rental cars and 5X miles on flights. New cardholders can earn 75,000 bonus miles when they spend $4,000 within 3 months of account opening. The card’s $395 annual fee is pricey, but not as expensive as the fee for competitors’ travel cards.

Pros

  • $300 annual travel credit
  • Offers access to 1,300+ global travel lounges

Cons

  • Requires excellent credit
  • Pricey annual fee

Capital One Venture X Rewards Credit Card at a glance

9.4
Editorial score

Fees

$395 annual fee
8.0

APR

19.99%-29.99% (variable)
10.0

Security

FDIC insured, 256-bit TLS encryption, biometric and two-factor authentication
9.0

Customer service

24/7 phone support and chatbot
10.0

Online experience

User-friendly website and mobile apps for iOS and Android, online help center with FAQs, fast online application
10.0

Capital One Venture X Rewards Credit Card Capital One Venture X Rewards Credit Card Learn More

Overview

Capital One is the second-largest credit card issuer in the US, with more than 100 million cardholders. In 2023, it was #10 on Fortune’s list of America’s Most Innovative Companies.

The Venture X card is Capital One’s premier travel rewards card. It offers generous bonuses for travel-related purchases and gives cardholders a $300 annual travel credit when booking through Capital One Travel and access to 1,300+ lounges worldwide. Cardholders also receive a $100 credit towards TSA PreCheck® or Global Entry and a 10,000-mile bonus on every account anniversary.

Suitable For?

The Venture X card is best suited for frequent travelers. It offers 10X miles on hotels and rental cars purchased through the Capital One Travel portal and 5X miles on flights booked. It also provides travel benefits like lounge access, Hertz President’s Circle® status, and rental car collision coverage.

The Venture X card’s annual fee is lower than similar travel rewards cards, and many benefits are easier to use. You get a $300 annual statement credit for purchases in the Capital One Travel portal and $100 to spend on experiences when you stay at one of Capital One’s Premier Collection hotels. You also get a $100 credit for Global Entry or TSA PreCheck®.

Note that the Venture X card requires excellent credit. You can get pre-approved online without impacting your credit score, which is helpful if your credit is between good and excellent.

Interest Rates and Fees 

The Venture X card comes with a $395 annual fee. The fee is not waived for the first year, but the card’s statement credits are worth more than this.

There is no foreign transaction fee. There is a cash advance fee of 5% of the amount of the cash advance, but not less than $5. The card carries an interest rate of 19.99%-29.99% (variable) depending on your credit score.

Annual Fee

Interest Rate

Foreign Transaction Fee

Balance Transfer Fee

$395

19.99%-29.99% (variable)

None

$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you

Rewards & Cash Back

The Venture X offers generous travel rewards. New cardholders get 75,000 bonus miles when they spend $4,000 within three months of account opening. You’ll also get 10,000 bonus miles on each account anniversary.

You’ll earn 10X miles on hotels and rental cars and 5X miles on flights booked through the Capital One Travel portal. All other purchases earn 2X miles.

Miles vary in value depending on how you redeem them, but 10,000 miles is worth roughly $100 towards travel. You can redeem miles in the Capital One Travel portal or transfer your miles to more than 15 partnered hotel and airline loyalty programs. Your miles never expire as long as your account is open.

You get a $300 annual travel credit when you book through Capital One Travel. The Venture X also comes with a one-time $100 statement credit for Global Entry or TSA PreCheck®. If you book a Premier Collection hotel through the Capital One Travel Portal, you’ll also get a $100 credit to spend on experiences.

Other benefits include access to 1,300+ travel lounges, Hertz President’s Circle® status, and rental car collision coverage. 

Capital One Venture X Rewards Credit Card Capital One Venture X Rewards Credit Card Learn More

The Application Process

You can apply for the Capital One Venture X card online or in person at a Capital One bank branch. You’ll need to decide whether you want to be pre-approved before applying or jump straight into the application. The pre-approval process and application require similar information, but pre-approval doesn’t require a hard credit check and won’t impact your credit score.

You’ll need to provide your name, address, date of birth, social security number, email address, phone number, annual income, monthly rent or mortgage cost. If you’re pre-approved, you don’t need to re-enter this information, but you do need to consent to a hard credit check to submit your application.

Capital One will issue an application decision immediately in most cases. It takes 7-10 days to receive your new card in the mail.

Help & Support

Capital One offers 24/7 customer support by phone. It typically only takes a few minutes to speak with an agent. You can call a dedicated fraud hotline to report fraud or if your card is lost or stolen.

Capital One also has a detailed online help center with FAQs and tutorials for using your online account or the mobile app. An AI-powered chatbot is available 24/7 to answer simple account questions and direct you to relevant support articles.

Security

Capital One has a dedicated fraud hotline available 24/7. You’re never responsible for fraudulent purchases on your card. The card has an EMV chip to make fraudulent purchases more difficult.

Your online account is protected by 256-bit Transport Layer Security (TLS) encryption. Capital One also uses biometric authentication and offers two-factor authentication.

Capital One is a member of the FDIC, although credit cards are not FDIC-insured.

FAQs

How can I redeem my Capital One miles?

You can redeem miles earned with the Venture X card in the Capital One Travel portal. You can use miles to pay for flights, hotels, and rental cars. You can also redeem miles for a statement credit. Miles never expire as long as your account is open.

What airlines can I use Capital One miles at?

You can redeem Capital One miles for flights on any airline using the Capital One Travel portal or by redeeming miles for a statement credit. You can also transfer miles to loyalty programs from Aeromexico, Air Canada, Air France, Alitalia, Avianca, British Airways, Cathay Pacific, Emirates, Etihad, EVA Air, Finnair, JetBlue, Qantas, Singapore Airlines, TAP Air Portugal, and Turkish Airlines. 

Conclusion

The Capital One Venture X card is a generous travel rewards card. It offers over $500 in annual statement credits, plus up to 10X miles on hotels and rental car purchases. You get perks like global lounge access, President’s Circle® status with Hertz, and rental car collision coverage. Overall, this card is great for frequent travelers with excellent credit.

Methodology

This review is based on information on the Capital One website.

Michael Graw
Written by
Michael Graw
Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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