Enough already. If I wanted to spend my weekends using Excel spreadsheets I’d become an accountant. I don’t want any more credit cards that require me to keep detailed books and tabs on my “benefits”, just to justify the annual fee.
I just want an awesome credit card that rewards my spending handsomely, and gives me easy wins I can justify carrying the card for, from day one and every day after that.
No more math, no more making me sign up for things I don’t really want or need, but feel like I need, just to get better value out of my credit card. Just make it great, right?
Finally, Capital One has given us the new premium rewards credit card we all deserve, which pretty much does just that — and more.
Capital One Venture X
The Capital One Venture X just turned one, but already, it’s really is the credit card we all deserve. The annual fee is $395, but each year you get $400 in card value right away — and each year thereafter too.
If you do it right, you get so much more.There’s no proverbially clipping through silly coupons via the offers portion of your online account every weekend, just to justify the card.
For a limited time, the welcome bonus and benefits are extra incredible! The TL;DR version is that this new Capital One card is…
- Big Earning: Up To 10X Points Per Dollar.
- Easy Rewards: Simple Credits And Perks, Including Exciting Lounge Access.
- Revolutionary: New Travel Protections And Help You Might Actually Use!
- Perks For Family: Benefits For Users Without Fees.
Venture X: The Initial Rewards
Ok, so first off, there’s currently 75,000 points on the table as a welcome bonus. That’s amazing. But as to the long term viability of this card, there’s a lot more to it.
Each year, Capital One Venture X offers a simple $300 travel credit, which covers $300 of any travel purchase made on Capital One Travel, even if the overall amount is more. This can include flights, cruises, car rentals.
On top of this, you also get 10,000 points, annually, which is enough to erase up to a $100 purchase on your account, or you can simply use as 10,000 miles with the Capital One airline or hotel transfer partner of your choosing, like Emirates or British Airways.
A year later, this card is even better.
Capital One Venture X includes airport lounge access, not just for Capital One Lounges, but also Priority Pass and some Plaza Premium. It’s a phenomenal way to transform the airport experience in most airports around the world. You’ve got a space to relax, and yeah, probably to grab a drink and toast, too!
Since the launch of the Venture X Card, Capital One has also added yet another 1:1 points transfer partner, Virgin Red — better known as Virgin Atlantic. Virgin Red gives access to Virgin Atlantic, but also other Virgin related things, such as Virgin Hotels or Voyages. You can convert Capital One Miles into miles with so many airlines.
This means, among others, you can transfer your Venture Miles to Virgin or Virgin Atlantic with ease. Virgin is one of the best opportunity to book premium and upgrade to business class, or use miles on partners like ANA. Here’s all the transfer partners for Capital One…
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France-KLM Flying Blue
- Avianca LifeMiles
- British Airways Executive Club
- Cathay Pacific Asia Miles
- Choice Privileges
- Emirates Skywards
- Etihad Guest
- Finnair Plus
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Air Portugal Miles & Go
- Turkish Airlines Miles & Smiles
- Virgin Red (Virgin Atlantic)
- Wyndham Rewards
75,000 Points Is Phenomenal!
As noted, Capital One is offering a generous 75,000 point card welcome bonus after spending $4,000 within the first 4 months of holding the card. All approvals will be able to take advantage of the annual $300 Capital One Travel credit.
There’s most of your annual fee back right away, plus 75,000 transferrable points, so then it’s all about what the card can do for you and why it matters. Answer: quite a lot. Some things, 10X Miles at a time!
New Capital One Venture X Perks
Capital One recently partnered with Turo, and Venture X members receive a huge 10X points per dollar spent on Turo rentals. A $1,000 rental would earn 10,000 miles, which can be transferred to airlines, or used as cash back.
Capital One also announced a variety of new memberships and credits.
As part of the unveil, a new “Premier Collection” of hotels has been introduced. A new membership to PRIOR, a trip planning service valued at $149 a year is also included with the $395 a year card fee.
There’s a $300 credit toward Gravity Haus, a cool new membership club for outdoor adventure fans, and also a $240 value or Cultivist, which gets free museum access.
The Gravity House club offers discounts on hotels and rentals in outdoor areas like Vail, Colorado and Breckenridge, and Venture X offers $300 in savings towards their membership. The complimentary six months to ‘The Cultivist’ allows free access to over 100 museums, including the Guggenheim and Musee D’Orsay.
New “Premier” Collection Of Hotel Perks
As part of the unveil, a new “Premier Collection” of hotels has also been introduced.
At these hand selected properties, Capital One Venture X members who book through Capital One Travel will receive a $100 hotel credit, breakfast for two and other features on all stays is now a fixture of the program. Any standard Venture cardholders don’t receive access to this curated new collection, which adds value to the “X” factor card.
Tons Of Value
Those new things alone are worth up to $540 — not bad for a $395 a year card. Plus, add up $100 in credit for dining or hotel services on each stay, and that can stack up — fast! You’re not even factoring in the value of lounge access, or the $300 travel credit.
Getting Approved For A Capital One Venture X Card?
So far, all reports suggest that it’s much easier to get this incredible new card than it’s been to get many other Capital One cards historically. It didn’t use to be that way.
Even people with more than one new Capital One Card in the last six months are being approved, as are people who already have two or more card total Capital One cards.
If you’ve got excellent credit and don’t mind adding a new inquiry, that seems to do the trick for applications, based on the data points we’ve seen. This is an exciting update, and most people are being approved with credit lines north of $20,000, since the minimum line is $10k!
Venture X: The Card Perks
A big difference with this Venture X card versus others, is that the included travel protections are things you actually want to use, rather than just things like collision coverage or trip delay insurance, which you really don’t want to need to use.
Capital One Venture X will earn 10X on hotels and car rentals through Capital One Travel and 5X on airfare via the same. For everything else, it’s 2X everywhere. There’s a lot more to this than just points earning though, as you’ll soon see.
Since Capital One Venture Miles can be redeemed at 1 cent per point of value toward travel, this effectively makes for a minimum of 2% cash back on all of your purchases, since the card earns at least 2X.
On hotel purchases through Capital One Travel, you’re earning 10% back, which is big.
For what it’s worth, Capital One has also offered increased earning rates throughout the year on bespoke partners, with offers like 5X on UberEats, so it’s always possible to earn more on non travel spend with the card, via these opportunities.
Travel Protections: No Hassle Cancellation, Price Drop & Freeze
Capital One is taking a different approach to the “use our travel site” game than Amex or Chase, so far. And yes, they all want you to use their travel booking sites very much.
Instead of just creating a decent travel booking site and offering more points for using it, Capital One bought travel tech company ‘Hopper’, so that it can offer a world class travel booking site, and new and unique benefits for cardmembers who do use it, in addition to the extra points.
Basically, there is real reason to use it, beyond points. One of those? Hassle free, no reason cancellation options on all airline tickets.
The two most blockbuster of these Capital One moves is the new price prediction tool, which dishes out partial refunds to cardmembers when it’s wrong, and the ability to purchase “no reason” cancellation for a small fee.
Capital One’s new price prediction tool gives cardmembers a refund on the difference in price, if the flight booking engine tells someone to book a flight and then the flight price goes down.
There are also bespoke new features like price lock, which lets you freeze a good flight deal for up to 14 days to lock in a good price, and features like no hassle cancellations for a full refund.
If you book a flight and no longer can, or want to travel for any reason, you get your money back, minus the fee paid for the cancellation protection. It’s kinda like travel insurance, but actually much better.
Basically, they’re not only matching other sites like Expedia on the prices, but creating reasons to book with Capital One, which would be valid and tempting even for people who aren’t Capital One customers.
Early designs made it harder for customers to find tickets in business or first class in the Capital One Travel Platform, but you absolutely can and the experience has gotten much better.
GSTP would argue that Capital One Travel offers the most consumer friendly air travel booking experience of any travel website, thanks to these price drop and lock features. Who wouldn’t want a price tracker and predictor that gives money back? It’s far better than what airlines offer their own customers.
Trip Delay & Other Protections Too
As you can see, there are lots of features that are really handy to use regularly within the travel protection space. But as one might hope, there’s plenty of coverage for the things you don’t want to use, like…
- Primary Rental Car Collision Waiver: This counts as up to $75,000 toward collision or damage as the primary cover for rentals.
- Trip Delay Coverage: Up to $500 per person for necessary items and hotels during trip delays. Super handy, as airlines continue to cut customer service policies!
- Lost Luggage Protection: If your bag fails to turn up, and the ticket was paid for using your Capital One Venture X Card, you can claim up to $3,000 for your lost items.
- Mobile Phone Protection: By paying your mobile phone bill with your card, you can claim up to $800, up to two times per 12 months, for lost, damaged and other phone issues.
Here’s a link to all the benefit fine print from Capital One, for reading another time.
Access To Card Perks For Your Family, And Other Users Too
One of the annoying features of many premium credit cards is paying for extra users like spouses, children or trusted friends to have access to the key cardmember perks.
Capital One will not charge any fees for supplementary cards, and things like lounge access to the new Capital One Lounges will be open both to the primary cardholder and also any authorized users. So yep, if you get a card, family or friends can benefit without paying more for their cards. Unless of course they want their own bonus.
Cardholders are also welcome to bring two guests into the Capital One Lounges per visit, free of charge — and any guests after that would be charged at $45 per visit — a discount on the standard walk in price of $65 per visit for non-cardholders.
FYI the Capital One Venture X card also offers PriorityPass access.
In other words, a parent could sign up for the card and order authorized user cards for all the kids and everyone would be able to use the benefits of the lounges when they travel, without any fees.
Top Tier Hertz Status Too!
Hertz Presidents Circle is the best elite status offered by the dynamic car rental company and it comes with your Venture X Card. This is particularly exciting, given that Hertz just signed a deal for 100,000 Tesla’s.
As rental car shortages continue to create havoc, having elite status gives you a better chance of your rental car actually being there when you turn up, and even perhaps a nicer one, too!
Venture X: Why This Card Is A No Brainer
This card is a no brainer for a few reasons. It’s actually harder to think of an argument why not to get the card, than it is to drum up reasons to add the card to any portfolio.
The fact that you can combine your Venture Miles from the Capital One Venture X, with any other Capital One Venture Mile earning balances is pretty cool too! Here’s why this card makes sense, for just about everyone who actually travels at least a couple times a year…
- Access to 15 1:1 Transfer Partners: transfer points into airline miles with top loyalty programs, with a minimum of 2 miles earned per dollar spent on these partners.
- $400 of Value Toward $395 Annual Fee Every Year: Most credit card require you to do a bit more work before you break even on your annual fee. With this card, you’re getting 10,000 points worth at least $100 and $300 travel credit each year.
- Lounge & Guest Travel Benefits Too: Being able to get authorized user accounts for trusted family and friends allows perks to be shared with ease, and without annoying fees. Plus, the new Capital One Lounges are seriously nice.
- 10X Earning On Hotels And Car Rentals: As hotel loyalty programs become less rewarding, booking any hotel you want and earning 10X points, or the equivalent of 10% cash back is phenomenal.
This card is valuable purely on the basis of flight price drop protection, so when you add in rapidly expanding lounge access, crazy earning rates and this limited time VRBO and Airbnb credit, this is one of the best offers we’ve ever seen.
Capital One Venture X applications are live, and you can apply here.