Editor’s be aware: This story has been up to date with the newest data.
The Capital One Venture X Rewards Credit Card is a implausible possibility on this planet of journey rewards bank cards.
With an annual payment that undercuts the competitors and plentiful perks which might be straightforward to grasp, the cardboard is almost a no brainer for vacationers starting from luxurious seekers to the extra budget-minded.
Right now, you’ll be able to apply for the Venture X and earn 75,000 bonus miles after you spend $4,000 on purchases within the first three months from account opening. According to TPG’s newest valuations, 75,000 Capital One miles are price as much as $1,388 if you need to use the issuer’s beneficial switch companions (estimate based mostly on TPG’s editorial staff and never offered by the cardboard issuer).
All that may have you ever taking one other take a look at Capital One and the Venture X. If so, right here’s what it is advisable know in regards to the card and its present supply.
Official software hyperlink: Capital One Venture X with 75,000 bonus miles.
present Capital One Venture X sign-up bonus
The Venture X’s present sign-up bonus is 75,000 miles after you spend $4,000 on purchases within the first three months.
Capital One miles are price one cent apiece when redeemed for journey, both instantly by way of Capital One Travel or as a press release credit score towards journey purchases. However, in keeping with TPG’s newest valuations, 75,000 Capital One miles are price $1,388 due to this system’s many airline and resort switch companions, which you’ll simply leverage for much more worth.
This bonus is a promoting level in and of itself, however let’s break down the cardboard’s different options.
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Key advantages of the Capital One Venture X
The Venture X is Capital One’s tackle the premium journey rewards bank card.
With a $395 annual payment, the cardboard undercuts dearer rivals on this area, resembling The Platinum Card® from American Express ($695, see charges and costs) and the Chase Sapphire Reserve ($550). But an annual payment is only a small a part of the story.
The Venture X confers the next advantages on cardholders:
- Earning: The Venture X earns 10 miles per greenback on accommodations and automotive leases booked through Capital One Travel, 5 miles per greenback on flights booked through Capital One Travel and a vast 2 miles per greenback on every part else.
- Statement credit score: Cardmembers rise up to $300 again in assertion credit score yearly for bookings made by way of Capital One Travel.
- Anniversary bonus: The card pays 10,000 bonus miles each account anniversary, beginning in your first anniversary. TPG values these 10,000 miles at as much as $185 when utilized with Capital One’s implausible switch companions.
- Lounge entry: Cardholders, approved customers and as much as two visitors per go to get complimentary entry to Capital One Lounges, greater than 1,300 Priority Pass lounges (excluding eating places) and Plaza Premium lounges — plus Capital One Landings, coming later in 2023.
- Luxury resort perks: The new Capital One Premier Collection presents free breakfast, room upgrades and different perks at taking part accommodations and resorts.
- Authorized customers: Up to 4 approved customers may be added at no cost, they usually additionally get Capital One Lounge entry with as much as two visitors.
- Global Entry or TSA PreCheck: Cardholders can obtain as much as $100 in assertion credit for both TSA PreCheck or Global Entry.
- Stacking automotive rental perks: Cardmembers get pleasure from the brand new skill to stack automotive rental perks with Hertz.*
- Annual payment: $395.
It’s price noting how the Venture X begins with the muse of the Capital One Venture Rewards Credit Card, the issuer’s mainstay rewards card, and builds from there. The Venture X options important however unfussy perks that even inexperienced vacationers can maximize. It retains the identical, easy incomes construction, accruing 2 miles per greenback on most fees, complemented by elevated incomes charges for bookings made through Capital One Travel and a bunch of different perks.
You even have the identical redemption scheme with the 2 playing cards: straightforward, fixed-value choices for learners together with higher-value switch choices for the extra skilled rewards customers.
How does Venture X evaluate?
With a $395 annual payment, Venture X falls throughout the premium journey playing cards class. Two most important rivals come to thoughts: the Amex Platinum and the Chase Sapphire Reserve.
While each of those playing cards include considerably increased annual charges — $550 for the Sapphire Reserve and $695 for the Platinum (see charges and costs) — additionally they embody extra perks and, within the case of the Reserve, extra flexibility.
Amex Platinum: More lounges, extra complexity, increased annual payment
The Amex Platinum continues to be the front-runner in the case of lounge entry, with its Global Lounge Collection and entry to American Express Centurion Lounges, Delta Sky Clubs (when on a same-day Delta flight), Priority Pass Select lounges and extra. Enrollment is required for choose advantages.
While Capital One has lofty ambitions with its personal lounge community, Amex has a big head begin with Centurion Lounges at greater than 14 airports all through the U.S. in addition to in London (LHR) and Hong Kong (HKG), and extra (smaller) companion “Studios” coming on-line.
But the Venture X isn’t all about lounge entry; it’s additionally about worth and ease. And that is the place the Amex Platinum falters.
The Platinum has a somewhat-dizzying laundry checklist of advantages and perks, together with at the very least 10 totally different built-in assertion credit doled out in increments from month-to-month to semiannually, yearly and each 4-4.5 years. While you’ll be able to offset the cardboard’s hefty annual payment with these included credit, it’s a lot to maintain observe of.
Venture X beats out the Platinum from the angle of pure ease.
Chase Sapphire Reserve: More flexibility, increased annual payment
The Chase Sapphire Reserve is one other key Venture X competitor. The Reserve comes with an annual assertion credit score perk that’s maybe one of many best to make use of — $300 towards any journey, from accommodations to ride-hailing providers to airways and far more.
It’s not simply Capital One that’s leaning into its journey portal. Chase Sapphire Reserve cardholders additionally earn bonus factors at related charges to the Venture X when reserving by way of the Chase Ultimate Rewards journey portal, with 10 factors per greenback on resort and automotive rental purchases and 5 factors per greenback on airfare.
In addition, the Chase Sapphire Reserve has a devoted 1.5-cent redemption fee for journey booked by way of its portal, considerably surpassing the 1 cent per mile you get with the Venture and Venture X playing cards. Coupled with journey companions, Chase Ultimate Rewards are valued at as much as 2 cents apiece, in keeping with TPG valuations.
However, with a $550 annual payment and only a single proprietary Chase airport lounge in Hong Kong (with extra on the way in which), Venture X nonetheless has so much going for it by way of worth.
Related: Battle of the premium journey rewards playing cards — which is greatest for you?
Long-term worth proposition
Here’s the maths simplified: If you’ll be able to maximize the $300 assertion credit score towards Capital One Travel, the Venture X’s annual payment successfully comes right down to $95, the identical annual payment pegged to the Capital One Venture Rewards Credit Card. Add in a ten,000-mile bonus each account anniversary (price $185, in keeping with TPG valuations) and lounge entry, and the cardboard might change into the strongest possibility on the market for lots of vacationers.
Bottom line
The Capital One Venture X could be a nice possibility for a lot of vacationers, and the cardboard is barely more likely to change into extra compelling over time as Capital One continues to spend money on its rewards program and its lounge community.
The Venture X matches properly in a aggressive area of premium rewards playing cards, together with established gamers from Amex and Chase, and it presently presents a strong preliminary sign-up bonus of 75,000 miles after you spend $4,000 within the first three months.
If you worth simplicity, a user-friendly journey portal and a rising community of airport lounges, think about including the Venture X card to your pockets in the present day.
*Upon enrollment, accessible by way of the Capital One web site or cell app, eligible cardholders will stay at upgraded standing stage by way of December 31, 2024. Please be aware, enrolling by way of the traditional Hertz Gold Plus Rewards enrollment course of (e.g. at Hertz.com) won’t routinely detect a cardholder as being eligible for this system and cardholders won’t be routinely upgraded to the relevant standing tier. Additional phrases apply.
Official software hyperlink: Capital One Venture X with 75,000 bonus miles.
Additional reporting by Ryan Wilcox, Eric Rosen and Christina Ly.
For charges and costs of the Amex Platinum Card, click on right here.