Venture X Credit Card: Rewards, Fees, Pros and Cons, How to Apply

This is a comprehensive guide to the Capital One Venture X credit card.

The best part?

We’ll explain how you can earn unlimited 10X miles on hotels and rental cars and 5X miles on flights along with VIP travel perks, even if you don’t travel frequently yet.

Having a premium card that takes your travel experience to the next level is every jetsetter’s dream. With hefty bonuses, high rewards rates and upscale benefits, the Venture X aims to deliver.

If you want to elevate your travel game with luxury lounges, credits and upgrades, then this card is worth exploring.

Ready to learn more? Let’s dive into the highlights of the Venture X card and how it stacks up.

Highlights and Features

The Venture X Credit Card from Capital One is a premium travel rewards credit card aimed at frequent travelers. It offers excellent rewards on travel purchases and everyday spend along with high-end travel perks and benefits. Some key highlights of the card include:

• Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
• Earn unlimited 5X miles on flights booked through Capital One Travel
• Earn unlimited 2X miles on all other purchases
• 75,000 bonus miles after spending $4,000 on purchases in the first 3 months
• $300 annual travel credit for bookings through Capital One Travel
• Up to $100 credit for Global Entry or TSA PreCheck®
• Complimentary access to Capital One Lounges and 1,300+ partner lounges worldwide
• 10,000 anniversary bonus miles each year
• No foreign transaction fees
• Free authorized users
• Cell phone protection up to $800
• Premium benefits through Capital One Travel like suite upgrades and experience credits

With a $395 annual fee, the Venture X card offers premium travel benefits and easy mile redemptions ideal for frequent travelers and those who prioritize travel rewards.

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How the Venture X Credit Card Works

The Venture X card is a travel rewards credit card issued by Capital One on the Visa Infinite platform. It earns 2X miles per $1 spent on all purchases, plus enhanced earning rates on Capital One Travel bookings:

• 10X miles per $1 spent on hotels and rental cars booked through Capital One Travel
• 5X miles per $1 spent on flights booked through Capital One Travel
• 2X miles per $1 spent on all other purchases

Miles can be redeemed for travel purchases at a rate of 1 cent per mile. So 100,000 miles is worth $1,000 in travel. Miles can be redeemed to erase eligible travel purchases from the card, book upcoming travel through Capital One, or transfer miles to 15+ airline and hotel partners.

As a Visa Infinite card, the Venture X offers complimentary benefits like travel insurance protections, concierge service, and access to the Visa Luxury Hotel Collection.

Cardholders also get travel benefits like airport lounge access, Hertz President’s Circle status, no foreign transaction fees, and credits for Global Entry/TSA PreCheck and annual Capital One Travel bookings.

An excellent credit score is recommended for approval of the Venture X card and its $10,000 minimum credit limit. The card has no preset spending limits.

Rewards, Cashbacks, and Sign-Up Bonus

The Venture X card offers an exceptionally strong rewards program:

Sign-Up Bonus: Earn 75,000 bonus miles (worth $750 in travel) after spending $4,000 on purchases within 3 months of account opening.

Earning Rates:

• 10X miles per $1 on hotels and rental cars booked through Capital One Travel
• 5X miles per $1 on flights booked through Capital One Travel
• 2X miles per $1 on all other purchases

Anniversary Bonus: Get 10,000 bonus miles (worth $100 in travel) every cardmember anniversary.

Capital One Travel Credit: Receive up to a $300 annual statement credit towards Capital One Travel bookings.

Cardholders can redeem their miles for past travel purchases at a rate of 1 cent per mile. So 75,000 miles is worth $750 towards erasing eligible travel transactions.

Miles can also be transferred to 15+ airline and hotel loyalty programs or redeemed to book upcoming travel. Redemptions start at just 2,500 miles for a $25 statement credit.

With the strong earning rates on Capital One Travel, easy redemptions, and anniversary miles, it’s easy to maximize rewards value from the Venture X card.

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Interest Rates & Fees of Venture X Credit Card

The Venture X card has the following interest rates and fees:

• Annual Fee: $395
• APR: 19.99%-29.99% variable
• Foreign Transaction Fee: $0
• Balance Transfer Fee: $0 first year, after 3% (min $10)
• There is no penalty APR with the Venture X card. The variable APR is based on the Prime Rate plus a margin of 14.74%-24.74%.

As a premium travel card, the Venture X has a high annual fee compared to no-fee cards. But it’s on par or lower than competing premium cards like the Chase Sapphire Reserve. The annual fee is justified by the strong rewards, earnings and high-end benefits.

How to Apply for a Venture X Credit Card

Here are the steps to apply for the Capital One Venture X card:

1. Go to the Capital One website and click “Apply Now” on the Capital one Website search Venture X page.
2. Provide basic personal information like name, address, date of birth, and Social Security Number.
3. Confirm if you are a U.S. citizen or permanent resident.
4. Enter your total annual income and housing payment details.
5. Review the Terms & Conditions and submit the application.
6. If instantly approved, you can select your credit limit and set up account access.
7. If pending approval, allow 5-7 business days for review. Check your status online or by phone.

An excellent credit score of 730+ is recommended for the best approval odds for the Venture X card. Having an existing relationship with Capital One can also improve your chances.

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Managing Your Venture X Credit Card

Here are some tips for managing your Venture X account:

• Activate your card as soon as it arrives and set up online account access to manage your account.
• Set up autopay from your bank account to pay your bill in full each month to avoid interest charges.
• Spend at least $4,000 total within the first 3 months to earn the 75,000 mile welcome bonus.
• Use your $300 annual Capital One Travel credit by booking upcoming trips.
• Add authorized users for free and let them earn rewards too.
• Transfer miles to airline/hotel partners or redeem for travel to maximize value.
• Pay your cell phone bill with your card to use the cell phone protection benefit.
• Review your statement each month and report any unauthorized charges promptly.
• Call customer service is also available you can ask any questions or get help 24/7 at 1-877-383-4802

Properly managing your account will help you maximize rewards and benefits while keeping your credit profile in good standing.

Where Venture X Credit Card Can be Used?

The Capital One Venture X card can be used anywhere Visa credit cards are accepted around the world. This includes:

• Online stores, apps, and websites that accept Visa
• Physical retail, restaurants, gas stations, etc. that take credit cards
• Travel and entertainment purchases like flights, hotels, rental cars, cruises
• Daily spending categories like grocery, dining, shopping, bills

For the highest rewards, use the Venture X specifically for:

• Hotel and rental car bookings on Capital One Travel (10X miles)
• Flight bookings on Capital One Travel (5X miles)
• Recurring bills like cell phone, utilities, insurance (2X miles)

The card has no foreign transaction fees, so it can be used freely when traveling internationally without getting charged extra conversion fees.

Pros and Cons of Venture X Credit Card

Here are the major pros and cons of the Capital One Venture X card:

Pros:

• Very strong rewards earning rates on travel and everyday spend
• Valuable annual statement credits and anniversary miles
• Access to Capital One Lounges and 1,300+ partner lounges
• Premium Visa Infinite benefits included
• No foreign transaction fees

Cons:

• High $395 annual fee
• Revenue-based redemption only, no cash back
• Requires excellent credit for approval
• Complex travel redemption process

The Venture X is best suited for frequent travelers who can maximize the lounge access, credits, and enhanced purchase protections. The high annual fee is offset by premium benefits.

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Venture X Credit Card vs Other Credit Cards

How does the Venture X compare to other top travel rewards cards?

• Vs Chase Sapphire Reserve: The Reserve earns 3X on travel/dining but just 1X beyond. It offers similar credits and airport lounge access for a $550 fee annually. The Venture X has higher earning potential.
• Vs American Express Platinum: The Amex Platinum has more lounge access and travel perks but lower earning rates. Its annual fee is $695. The Venture X rewards more on everyday spend.
• Vs Capital One Venture Rewards: The no-fee Venture earns 2X on all purchases and has similar redemption options. But it lacks the premium benefits and bonus categories of the Venture X.

The Venture X is positioned between luxury and mainstream cards, offering higher rewards and benefits than many competitors. The value depends on your spending habits and travel needs.

Conclusion

For frequent travelers who prioritize earning rewards, the Capital One Venture X card is a top choice thanks to generous bonus categories, premium benefits, and easy redemptions.

The 10X miles on Capital One Travel hotels and rental cars and 5X on flights provide huge earning potential. Add in the hefty welcome bonus, annual credits, and anniversary miles, and users can rack up major rewards value.

While the $395 annual fee is high, it’s justified by perks like airport lounge access, travel protections, and statement credits. For savvy travelers, the Venture X can pay for itself several times over.

Just be sure your credit score is in excellent standing before applying. Read all Terms & Conditions carefully. If you frequently spend on accommodations, flights, and daily purchases, the Venture X is among the best premium travel cards available today.

Frequently Asked Questions