Capital One Venture X Review
If you are a frequent traveler and want to elevate your traveling experience but keep your expenses within a limit, then Capital One Venture X Credit Card can be helpful. This premium reward card offers 75,000 bonus miles, 10x miles on hotels and rental cars and many such benefits against an annual fee of only $395.
The Capital One Venture X Rewards card is a premium rewards card and great for cardholders who like to travel. You can earn exceptional rewards and use them toward travel and other perks. With Venture X, you can earn $300 in travel credit annually and unlimited 10x miles on car rentals and hotels. If you spend $4,000 within the first three months of opening the account, you can earn up to 75,000 bonus miles. Moreover, there are no foreign transaction fees associated with this card, allowing travelers more freedom.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Capital One Venture X at a Glance
For travelers, the Capital One Venture X Rewards is an exceptional option. The rewards associated with this card can help cut down the exorbitant fees of premium travel. Every anniversary, cardholders are eligible for 10,000 bonus miles. Additional perks include new member offers, annual travel credit and unlimited rewards, which can help you level up your traveling experiences without paying hefty charges.
- Capital One Venture X Rewards
A good travel rewards card with airport benefits
- ExcellentCredit Needed
- $395Annual Fee
- 16.99% - 23.99%APR
- 2-10 MilesRewards Rate
Pros & Cons Explained
It is important to consider the benefits and drawbacks of every credit card. We will discuss the pros and cons of the Capital One Venture X card to help you make a comprehensive decision.
- Reimbursement on global entry fees or TSA PreCheckYou can get reimbursed up to $100 on the global entry application fee by using this card to complete the payment. You are also eligible for reimbursement regarding the TSA PreCheck $85 application fee. Your account will be credited with the amount paid within 1-2 billing cycles, according to the program you applied to first. You can get one statement credit per account every four years. Your account needs to be open and in good standing to be eligible.
- Travel accident insuranceWith a Venture X card, you get automatic insurance coverage for losses covered. You do not need to pay any extra charges for this insurance, provided you use your credit card to purchase the airfare.
- Redeem rewards using PayPalThere are millions of websites where you can shop and redeem your rewards using PayPal.
- No foreign transaction feeIf you use the Venture X card outside of the U.S., you do not have to pay foreign transaction fees. Most credit cards charge around 3% for transactions outside of the U.S.
- High APR on cash advancesAPR is high on cash advances. It is 23.99% and varies according to the market as per the prime rate.
- Capital One lounge network is just starting upUsing Capital One Lounge is one of the prime rewards of this card. However, these lounges are actively launching.
The MoneyGeek team evaluates and analyzes the data of each credit card present in our database to select the top picks for all popular categories. You can check out our top choices for the best travel credit cards of 2022.
Bonuses & Rewards Explained
Here we have analyzed the bonuses and rewards that are offered by the Capital One Venture X Rewards card.
Yearly, you can earn 10,000 bonus miles, totaling close to $100 for travel. This bonus is eligible for receipt one year after account opening to those who consistently pay their annual membership fee (AMF).
Capital One Venture X offers unlimited 10X miles on hotels and rental car bookings. You can also receive 5x miles on flight tickets and 2X on other travel purchases. Redeem using the Capital One Travel website or mobile app.
If you make travel-related purchases totaling $4,000 within the first three months from opening the account, you will receive a bonus of 75,000 miles.
Annual travel credit
You will be eligible to receive a statement credit of $300 (maximum) in a year to be redeemed using the Capital One Travel website. Your account must be open and in good standing to redeem this benefit.
Other Features Explained
There are many other benefits that the Capital One Venture X card offers to cardholders. MoneyGeek has highlighted a few below for your consideration.
- Card FeatureDescription
- 24-hour travel assistance servicesSuppose your credit card gets stolen. Don’t panic. Capital One provides 24-hours travel assistance services for their Venture X cardholders, including emergency card replacement and cash advances.
- Miles transferWith the Venture X card from Capital One, you can transfer your miles to any of the 15+ travel loyalty programs of Capital One, making the rewards and bonuses even more attainable.
- Premier Culinary ExperiencesYou can use your rewards to experience great dining experiences at select venues with Capital One’s multiple collaborations.
Make sure that your account is in good standing to receive the $300 annual travel credit. You can increase your chances of receiving the credits by maintaining good credit history.
Understanding the Fine Print
When evaluating whether the Capital One Venture X card is right for you, it’s important to read and understand the fine print. Take into consideration various fees, reward rates and other important details. This will help you understand the card and make a comprehensive decision.
- Card FeatureAmount or Rate
- APR16.99% - 23.99%
- Annual Fee$395
- Cash Back Rewards
- Rewards Rate2-10 Miles
- Airline Benefits
APR for purchases, transfers and cash advances
With the Capital One Venture X Rewards card, the APR varies as per your creditworthiness. The annual percentage rate (APR) can be 16.99% to 23.99% on purchases and transfers. On cash advances, the applicable APR is 23.99%. These rates will vary as per market based on the prime rate published in The Wall Street Journal every quarter.
The annual fee is $395. Upon paying this membership fee every year, your card will remain active and you will be able to get all the rewards and bonuses.
A 3% transaction fee on transfers is charged. This fee is charged on the amount of each transfer posted in your credit card account at a promotional APR that Capital One offers. However, nothing is charged if the transfer is done at regular APR. Cash advances are subject to a higher rate of $10 or 3% of the transaction amount, whichever is greater. However, there is no extra international transaction fee which is a great relief for cardholders traveling to foreign countries frequently.
Late payments fee
There is a late payment fee of $40 which will be levied if you fail to pay your credit card bill by the due date.
If you want to compare Venture X from Capital One with other travel credit cards, consider the APR, transaction fee and annual fee of each card. To compare this card to your existing cards, you can check your last credit card bill, the website of the issuer of your card or the mobile app. Moreover, you can also source information from the credit card agreement database provided by the Consumer Financial Protection Bureau (CFPB).
Who Should & Shouldn’t Consider Capital One Venture X?
Other Considerations for Capital One Venture X
Before you make your decision, consider the benefits and drawbacks of the Capital One Venture X card as well as your spending habits and other cards you use, if any.
Things to Consider if This Will Be Your First or Only Credit Card
If this is your first card, keep in mind that an excellent credit score is required for card eligibility. People who travel frequently can benefit from this card. Every dollar spent on booking hotels will earn you 5 miles and every dollar toward renting cars will earn you 10 miles.
Things to Consider if This Will Be an Additional Card in Your Wallet
If you pay hefty annual fees for other credit cards, make sure another annual fee of $395 is within your budget before adding the Capital One Venture X to your wallet. If your existing card has an international transaction fee attached to it, then adding Venture X can be beneficial as it has no foreign transaction fee. You can use this card while traveling out of the U.S. stress-free.
At MoneyGeek, we follow a well-defined methodology and review process for reviewing every credit card. The process of reviewing credit cards includes a collection of data from the Consumer Finance Protection Bureau’s database, then analyzing and standardizing the data points so that you can compare them easily. We evaluate the average spend profiles, carry out a regular re-ranking process and determine the long-term value of each card.
How Capital One Venture X Compares to Other Cards
Though Capital One Venture X Rewards card is one of the best travel credit cards which offers huge rewards and bonuses at an average annual fee and other charges, comparing it with other travel cards can help you choose wisely.
Quick Comparison of Capital One Venture X
Capital One Venture X
- Annual Fee: $395
- Purchase APR: 16.99% to 23.99%
- Cash Advance APR: 23.99%
- Balance Transfer Transaction Fee: 3%
Chase Sapphire Reserve
- Annual Fee:$550
- Purchase APR: 16.99% to 23.99%
- Cash Advance APR: 24.99%
- Balance Transfer Transaction Fee: $5 or 5% (whichever is higher)
Other Helpful Decision-Making Q&As
Here are some of the most commonly asked questions that we have answered about the Capital One Venture X card for you to arrive at a decision easily.
Still not sure about this card? Consider these options.
If you're unsure about whether Capital One Venture X is the right fit for you, consider taking a look at what some of the other leading travel credit cards have to offer. If you're not looking for a travel credit card, you might be better off with a rewards card or a balance transfer card.
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