Is the Capital One Venture X Card worth it? - Nerd Wallet (2023)

TheCapital One Venture X Rewards Credit Cardis the bank's first foray intoPremium travel cardspace, and offers fresh benefits you won't find anywhere else. It's definitely the new on the market, but it's the effortlessly cool new.

It comes with one395 $Annual fee that is lower than many competitors. Still, it offers the usual perks you'd probably expect from premium travel cards. Think: lounge access, TSA PreCheck or Global Entry travel credits and refunds.

However, it canCapital One Venture X Rewards Credit CardCompete with like-minded peopleDie Platinum CardĀ® von American Expressthat tooChase Sapphire ReserveĀ®? It's theCapital One Venture X Rewards Credit CardWorth it395 $Annual subscription?

We discuss the benefits of the card and how it compares to cards in a similar price range. You can read more about the new cardHere.

Capital One Venture X Rewards Credit CardAdvantages

signup bonus

Earn 75,000 bonus miles when you spend $4,000 in purchases in the first three months of account opening, equivalent to $750 in travel costs.

It's not himThe highest signup bonusWe've never seen it on a travel map, but it's respectable. The bonus alone makes it easy to justify the card in your first year as a cardholder, but you should also consider the ongoing benefits.

šŸ¤“Nerd-Tip

When you book travel on the Capital One Travel portal, you have the option of paying a small feeCancellation of travel insurance for any reasonCoverage for bookings.

Premium Rate (value depends on your spending habits)

TheCapital One Venture X Rewards Credit Cardit has a mileage accrual system similar to the other cards in the Venture family. 2 points for every dollar you spend.

You can earn even more miles when you book cash travel through Capital One Travel:

  • 10x miles on hotels and rental cars.

  • 5x miles on flights.

šŸ¤“Nerd-Tip

Earn Venture Capital One Cardsmiles, but these miles do not necessarily need to be used to book flights. These are points that can be redeemed for hotels, car rentals and flights, or transferred to flight or hotel partners.

TSA PreCheck/Global Entry Statement Credit (up to $100)

One of its best featuresCapital One Venture Rewards Credit Cardreappears on this map. TheCapital One Venture X Rewards Credit Cardget up to $100 in credit when you pay with the cardGlobal entry for TSA PreCheck.

" Learn more: What you need to know about Global Entry or TSA PreCheck credit cards

Lounge access (price varies by usage)

Here we start with some premium benefits. TheCapital One Venture X Rewards Credit Cardgives you unlimited access toPriority pass, Capital One Lounge and more than 100 Plaza Premium Lounges, including select Virgin Atlantic Clubhouses.

Capital One lounges are the bank's answerDie Centurion Lounges from AmEx, which are more expensive to access. Few Capital One lounges are open to date, but the quality of the lounges is generally in line with what AmEx has to offer.

The first lounge opened at Dallas-Fort Worth International Airport in late 2021. Two other lounges at Denver and Washington-Dulles airports are also slated to open at some point.

These new lounges are smartly designed to cater to the diverse needs of travellers. The Dallas-Fort Worth location has a grab-and-go area for people stopping by for a snack or coffee before their next flight. There is a separate area for people who want to spend a few hours there during a layover.

Unique amenities include a yoga and cycling room with Peloton bikes and two meditation rooms with sleep pods.

It's hard to put a price on the value of an airport lounge visit, since Capital One hasn't disclosed the price of a day pass. Priority Pass charges $32 per visit in addition to the membership fee, but many credit cards will cover the unlimited visit fee ($429 value). You need to consider how often you use lounge access to assess how much this benefit is worth to you.

" Learn more: How to Maximize Your Capital One Venture X Rewards Credit Card

Anniversary Bonus ($100 value)

Every year when you renew the card you will receive a bonus of 10,000 miles credited to your account. This benefit could help justify the annual fee, effectively saving $100 off of it395 $each year.

" Learn more: Top 5 Credit Cards With Anniversary Bonuses

Credit for bookings made through Capital One Travel (up to $300)

Along with the anniversary bonus, the settlement credit on Capital One Travel bookings could offset the balance of the annual fee. Each year, you can receive up to $300 in settlement credit for travel booked with Capital One.

This benefit is equivalent to the $300 annual travel creditChase Sapphire ReserveĀ®. The only difference is that the credits appear on the statementCapital One Venture X Rewards Credit Cardvalid only for bookings made through the Capital One Travel portal duringChase Sapphire ReserveĀ®The credit applies to almost all journeys charged to the card.

" Learn more:Guide to the Capital One Travel Portal

Gravity Haus Annual Membership Statement Credit (up to $300)

You're eligible for up to $300 in movement credit when you purchase an annual membership to Gravity Haus, a membership-based social club with locations primarily in popular ski areas such as Breckenridge, Vail and Winter Park in Colorado, as well as a location in Truckee, California, near Lake Tahoe.

Gravity Haus amenities vary by location, but you can expect hotel rooms, equipment rentals, a coffee shop, a gym, group fitness classes, a spa, and co-working spaces. It's a kind of country club for the modern winter sports crowd, where you can also sleep and work.

If you are a Gravity House member for the first time, you can register using itCapital One-Landingpageto receive $300 off the regular, non-discounted price of a 12-month membership for any Gravity Haus membership level. These are:

  • Explorer ($840 per year).

  • Weekenders ($1,200 per year).

  • Local ($1,560 to $1,800 depending on location).

  • All-In ($2,400 per year).

The discount is only applied during the first subscription period, so with a 12-month subscription you get $25 off the regular monthly price with no discount each month.

Even with the statement credit, you'll have to pay at least $540 for the lowest membership level, so most cardholders are unlikely to take advantage of it. However, if you frequently travel to mountain towns where Gravity Haus operates, membership may be a worthwhile proposition, especially considering the Capital One credits.

This offer is only available until January 19, 2024.

" Learn more: Should you use Capital One Rewards to pay for goods with PayPal?

Transfer partner

In fact, Capital One miles are more flexible than you might think. The publisher recently added transfer partners and improved the ratios so that there are now 15 partners with a 1:1 transfer ratio.

loyalty program

transmission ratio

Aeromexico Club Premier

1:1.

Air Canada Aeroplan

1:1.

Air France/KLM Flying Blue

1:1.

Asia Miles

1:1.

ALLE Accor Live Limitless

2:1.

Avianca LifeMiles

1:1.

British Airways Executive Club

1:1.

Choice Privileges

1:1.

Emirates Skywards

1:1.

Etihad-Gast

1:1.

EVA Air Infinity MileageLands

2:1,5.

Finnair Plus

1:1.

Qantas-Fleeger

1:1.

Singapore Airlines KrisFlyer

1:1.

TAP Portugal Miles&Go

1:1.

Turkish Airlines Miles&Smiles

1:1.

Virgin Red

1:1.

Wyndham Rewards

1:1.

If you transfer your Capital One miles to some of these international airlines to take advantage of the sweet spots, you may be able to get more than the 1 cent per mile value you would get on Capital One Travel.

Let's say you get a $500 one-way flight to Hawaii with only 10,000 miles on Turkish Airlines (one of them).). That's a whopping 5 cents per mile, and the value of your flight is already more than the annual fee you've paid this year.

Based on our latest analysis,NerdWallet rates Turkish Airlinesmiles in1.4 centseach.

" Learn more: Capital One's best transfer partners - and the ones you should avoid

How inCapital One Venture X Rewards Credit Cardcompared to other premium travel cards

Take a closer look at the premium travel cards competing for your business, such asChase Sapphire ReserveĀ®,Die Platinum CardĀ® von American Expressthat tooU.S. Bank Altitudeā„¢ Reserve Visa InfiniteĀ® Karte.

Here is a summary of our findings:

  • TheChase Sapphire ReserveĀ®against dieCapital One Venture X Rewards Credit Card:TheChase Sapphire ReserveĀ®overcomes itCapital One Venture X Rewards Credit Cardin many ways. Its points are worth 50% more (1.5 cents each) when you redeem them atChase Travel Portal, and the annual travel expense credit is not as limited.

  • Die Platinum CardĀ® von American Expressagainst dieCapital One Venture X Rewards Credit Card: Die Platinum CardĀ® von American Expressit is more than oneglorified coupon book. While it's winning the hearts (and wallets) of luxury travelers, a major downside is that hotel bookings with Membership Rewards points atAmEx Travel Portalgives a value of 0.7 cents per point - 0.3 cents less per point than a similar booking with Capital One Miles ThroughCapital One Travel. The General Terms and Conditions.

  • TheU.S. Bank Altitudeā„¢ Reserve Visa InfiniteĀ® Karteagainst dieCapital One Venture X Rewards Credit Card:TheU.S. Bank Altitudeā„¢ Reserve Visa InfiniteĀ® Karteoffers cardholders a more flexible annual balance that covers travel and restaurant purchases with few restrictions. Additionally, points can be redeemed at any US bank for 1.5 cents.

Read our full comparisonhow the Capital One Venture X Rewards credit card compares to its peers.

Why the annual fee for the card is actually a good deal

especially theCapital One Venture X Rewards Credit Cardoffers almost everything you'd expect from a premium travel credit card and the lowest annual fee of all.

Most other premium travel cards have annual fees in excess of $450395 $it's a good price. It also offers enough annual benefits ($300 in Capital One Travel bookings and $100 in anniversary bonus points) to fully offset the annual fee with relative ease.

Your problem is that you need to make some travel bookings through the Capital One Travel portal in order to maximize your account balance and the number of miles you've earned. The portal may limit your options a bit.

Carrier partners are also a good option for redemptions, but the lack of hotel and domestic airline partners may make this card less attractive to first-time and/or domestic travelers.

For people willing to take the risk of a growing travel rewards program, this is itCapital One Venture X Rewards Credit Cardcould be a good way to get into the premium travel credit card space at a cheaper price.

How to maximize your rewards

You want a travel credit card that prioritizes what's important to you. Here are our tips forbest travel credit cards of 2023, including the best for:

  • Flexibility, point transfers and a big bonus: Chase Sapphire PreferredĀ® Karte

  • No annual fees: Bank of AmericaĀ® Travel Rewards Credit Card

  • Flat rate travel awards:Capital One Venture Rewards Credit Card

  • Bonus Travel Awards and Premium Perks: Chase Sapphire ReserveĀ®

  • Luxury benefits: Die Platinum CardĀ® von American Express

  • Business travelers: Ink Business PreferredĀ® Credit Card

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