If you are in the market for a premium card and are open to a higher annual fee in return for valuable travel perks this card is the perfect option for you. The Capital One Venture X Rewards Credit Card is a fantastic match for someone who is a frequent traveler or looking to enhance their travel experiences. While you have to pay a hefty $395 annually in order to be a cardholder, taking advantage of all this card has to offer quickly justifies that fee (and then some). If the annual fee is a dealbreaker then we suggest you check out its sister card the Capital One Venture Rewards Credit Card which carries a much lower $95 fee.
75,000 Bonus Mile Opportunity
To start, you will earn 75,000 miles after spending $4,000 within the first 3 months which can be redeemed for at least $750 towards travel. Each year you’ll also receive up to $300 in statement credits for any travel bookings you make through the Capital One Travel portal. You will also recoup another $100 in value each year on your cardmember anniversary in the form of 10,000 bonus miles.
Elevated Travel Rewards
Travel purchases will be where you can rack up rewards extremely fast as you’ll earn 10 miles per dollar spent on hotels and car rentals and 5 miles per dollar spent on flights. It is important to note that you must book through the Capital One Travel portal to qualify for these reward rates. Aside from travel purchases, Capital One keeps it simple and awards cardholders 2 miles per dollar spent on all other transactions. This is a fantastic base rate, making this card an excellent choice for everyday purchases. You can also add additional cardholders to your account for no fee to earn miles even faster.
Redeeming Your Miles
When it comes time to cashing in your hard-earned miles, Capital One offers several options with the most valuable being redemptions for travel purchases. You can redeem miles to cover the cost of any travel purchase made with your Venture X card within 90 days and your miles will be worth 1 cent each. Additionally, you can redeem your miles directly in the Capital One Travel portal, use your miles to purchase gift cards or get a statement credit. Capital One continues to enhance its rewards program and now you can transfer miles to more than 15 travel loyalty programs. This is a great option that can push your mile redemption value over the 1-cent mark if you know how to navigate these travel partners and their award booking programs.
The Capital One Venture X Rewards Credit Card card will take your travel to the next level since you will get unlimited access to Capital One Lounges and more than 1,300 lounges through the Partner Lounge Network. You will also get a credit of up to $100 for the application fee for Global Entry or TSA PreCheck when you pay with the card and travel protections like primary auto rental insurance and travel accident protection. There are no foreign transaction fees to worry about either, making it a great option for international travel.
Since launching in late 2021, the Capital One Venture X Rewards Credit Card has quickly become a fan favorite for travelers for good reason. If you are open to making your travel bookings through Capital One and will be able to take advantage of perks like lounge access, the $395 shouldn’t scare you off since annual perks will get you at least $400 in value. If you have excellent credit then select ‘Apply Now’ to view all the card details and easily apply.
Capital One Venture X Rewards Credit Card
5X miles on flights booked through Capital One Travel. Terms apply
Earn unlimited 2X miles on all other purchases
720 – 850*
Other Rewards Card Options
If you are in the market for a premium travel card then the Capital One Venture Rewards Credit Card is tough to beat. Since it is always good to compare your top options, we have rounded up some other compelling rewards cards that may appeal to you as well.
Unlimited 3X Rewards on Restaurants, Travel, Gas & More
Wells Fargo Autograph℠ Card
Wells Fargo Autograph℠ Card
This $0 annual fee credit card is a top-rated rewards card that offers unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. There are no caps to worry about and no rewards calendars to keep track of. Plus you will also earn 1X on all of your other purchases. New card members can also earn an impressive 20,000-point welcome bonus after spending $1,000 in the first three months. This bonus has a $200 cash redemption value! In addition to the cash redemption option, you can also redeem your rewards for travel, gift cards, and more. And while there is no intro APR offer for balance transfers it does offer a 0% intro APR for 12 months from account opening on purchases, followed by a 19.74%, 24.74%, or 29.74% variable APR.
Excellent Cash Back Option for Poor or Limited Credit
Discover it® Secured Credit Card
Discover it® Secured Credit Card
The no annual fee Discover it® Secured Credit Card allows you to earn cash back while you build your credit history. You will Earn 2% back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. You will also earn an unlimited 1% back on all other purchases. Making it even more enticing, the cash back you earn your first year will be automatically matched. There is no credit check to apply and you establish your credit line by providing a refundable security deposit of at least $200. Discover also starts automatic reviews of your account after seven months to see if you are eligible to transition to an account without a security deposit.
As you can see, it is a great time to be in the market for a new rewards credit card. Issuers are really stepping up their game and offering incredible perks to win your business. Credit card offers like this often don’t stick around forever so we suggest applying for one of these stand-out options today.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.