KEY LINK – card_name – bonus_miles_full. annual_fees
There are 3 different ways that I like to think of to get value from a credit card:
- The welcome offer
- Category bonuses for spending (or a high rate for everyday spending)
- Other perks that you get from just having the card (free hotel nights, free checked bags, elite status)
It’s rare to have a card that hits all 3 of these things, but if you find one that offers even 2 of them, it’s definitely a card worth considering. I think the current offer from the Capital One Venture X card can realistically be said to hit all 3 of them. It does come with a annual_fees, but also a $300 travel credit and 10,000 Venture miles (worth $100) each year on your anniversary help to offset that.
card_name review – signup bonus
First up let’s talk about the signup bonus on the Capital One Venture X. The Venture X card currently is offering the ability to:
This is worth hundreds of dollars if you redeem it for travel, and it’s pretty easy to get more value than that through transfer partners. I have found myself using my Venture miles to transfer to Wyndham Rewards (see below), where I’m easily getting 3 cents per point value. At those valuations, this welcome bonus would be worth thousands of dollars. I don’t know that I would speculatively value it that high, but it’s certainly a possibility.
card_name review – earning
The Capital One Venture X card has a very simple earning structure with no annual fee.
- 10X Venture miles on hotels & rental cars booked through Capital One Travel
- 5X Venture miles on flights booked through Capital One Travel
- 2X Venture miles on all other purchases
Personally I don’t book a lot of my travel through Capital One, so I find myself getting 2X Venture miles on most purchases. But because I value Venture miles pretty highly, it’s nice to get double miles no matter where I am.
card_name review – redeeming miles
One thing I really like about the Venture X card is its flexibility in redeeming miles. You can transfer your miles to airline and hotel transfer partners, or you can redeem miles for travel purchases directly. With the relatively recent updates to Capital One’s transfer partners, both are reasonable options. One thing that I like about redeeming miles for travel directly with Capital One is you can use it after the fact for a purchase you already made. This is great for booking hotels because you can book directly to get elite benefits and then use your Venture miles to offset the cost. Of course, if you book through the Capital One travel portal you’ll get 10 miles per dollar, so that may be a good option as well in some cases.
There is a lot of flexibility in how you redeem Venture miles.
Some of the best uses of Capital One Venture miles
It’s nice to have a floor of value (1 cent per mile) set by the travel option, but I think the best uses are going to be transferring to Capital One’s hotel and airline travel partners. Most of the partners now transfer 1:1.
Here are 3 of my top uses of Capital One Venture miles
- Air Canada Aeroplan miles – I booked a (nearly) round the world Aeroplan award with 48 hours in business class for 230,000 Aeroplan miles
- Turkish Airlines Miles&Smiles – I used 7,500 Turkish Airlines miles to fly to Hawaii
- Wyndham Rewards – as I mentioned earlier, I’m getting more than 3 cents per point value using Wyndham Rewards points to book Vacasa vacation rentals. You can see below a redemption of 67,500 Wyndham Rewards points for a Vacasa rental where they were charging $2,044 (3.03 cpp)
card_name lounge access
One nice perk of the Capital One Venture X card is that you get premium lounge access. This includes the Capital One lounges (currently just the one in DFW; pictured below)
You also get a Priority Pass Select membership, though it’s important to note that as of Jan 1 2023, you do not get access to non-lounge experiences like restaurants. Adding up to 3 authorized users is free with the Venture X, and these authorized users DO get a Priority Pass membership, which is useful for a large family like mine.
card_name travel benefits
Besides airport lounge access, the Venture X also has a variety of other useful travel benefits
- $100 credit to Global Entry or TSA Pre every 4 years
- Complimentary Hertz President’s Circle status
- No Foreign Transaction Fees
- Travel protections, like primary auto rental insurance and travel accident protection. Having primary rental car insurance saved my mom nearly $900
- Trip cancellation and interruption insurance
- Lost luggage reimbursement
- Trip delay reimbursement
card_name benefits and perks
Besides the travel perks, the Venture X card also comes with a variety of other benefits and perks. First are the two big annual credits
- $300 each year when you book travel through the Capital One travel portal
- 10,000 Venture miles each year on your anniversary
There are also other perks that come with the Venture X
- Cell Phone Protection up to $800 if your phone is stolen or damaged
- Purchase, extended warranty and return protection
Is the card_name the best premium card out there?
KEY LINK – card_name – bonus_miles_full. annual_fees
So, given that the Capital One Venture X is a premium credit card, how does it stack up against the Chase Sapphire Reserve, Citi Prestige and American Express Platinum cards? Quite favorably, I think. Its annual fee is the lowest by far ($395 compared to $495 for the Prestige, $550 for the Sapphire Reserve and $695 for the Amex Platinum). Plus, it feels like you can easily recoup the annual_fees with only two of the benefits: the $300 annual credit for travel booked through the Capital One travel portal and the 10,000 miles you’ll get each year on your anniversary.
That $300 travel credit isn’t quite as lucrative as the $300 travel credit on the Chase Sapphire Reserve. The CSR travel credit counts for just about anything in the travel category, while with the Venture X you have to use it through the Capital One travel portal. Still, the annual fee on the Venture X is $200 less than the fee for the Sapphire Reserve. In a climate where it seems the annual fees just keep going up and up, it’s nice to see Capital One buck the trend and go with a lower annual fee. The 10,000 miles each year are worth at least $100, and if you can get 3 cents per mile like I did on a recent redemption, maybe much more. And that’s it – already you’ve earned back the $395 annual fee. It’s much better than the Amex Platinum that has a gigantic annual fee and a “coupon book” of tons of annual credits of dubious value.
The authorized user policy on the Capital One Venture X credit card is again better than the other premium credit cards. The Amex Platinum charges $175 to add (up to 3) additional user cards. The Sapphire Reserve charges $75 for each authorized user, as does the Citi Prestige. The Capital One Venture X card does not charge a fee for adding an authorized user, and authorized users get the lounge benefits and Hertz elite status. That is a big deal, especially for families with kids wanting to all visit an airport lounge together.
What do you think? Where does the Capital One Venture X card fall in the list of best premium credit cards cards out there? Leave your thoughts in the comments
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