The is the newest entry into the ultra-premium credit card category. It has a large new-cardholder bonus, loads of perks, and a hefty annual fee. The net result is a first-year value of well over $1,000! Let’s take a look at what it offers:
- 100,000 bonus miles (equal to $1,000 towards travel) when you spend $10,000 on purchases in the first 6 months from account opening.
- Limited-time offer: $200 vacation rental credit. Get up to $200 in statement credits for vacation rentals charged to your account within your first year. Eligible vacation rental merchants include Airbnb, Turnkey, Vacasa, and VRBO.
- $300 annual travel credit. Get up to $300 in statement credits when booking through Capital One Travel. You can redeem these in partial amounts over the course of the year.
- Up to $100 credit for Global Entry or TSA PreCheck®.
- Airport lounge access. Unlimited access to all-inclusive amenities at Capital One Lounges and at 1,300+ Priority Pass lounges internationally.
- 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary.
- Annual fee is $395.
Here is the rewards structure on purchases:
- 10X miles on hotels and rental cars booked through Capital One Travel.
- 5X miles on flights booked through Capital One Travel.
- 2X miles on all other purchases.
- Redeem miles for any airline, any hotel, rental cars, and more.
- Transfer your miles to your choice of 15+ travel loyalty programs.
Redemption details. Capital One “miles” can be redeemed directly for a cash statement credit on a 1 mile = $0.01 basis when offsetting any travel purchase made on the card within the past 90 days. In other words, 100,000 miles = $1,000 toward travel. That means you can fly on any airline or stay at any hotel, pay with this card, and then “erase” that purchase using your miles balance later. This even includes AirBNB vacation rentals, car rentals, and Uber rides.
This means that earning 2 miles on on every $1 in purchases essentially makes this a 2% back card when applied towards travel. Earn even higher rewards of 5 miles per $1 spent on on flights booked through Capital One Travel, and 10 miles per $1 spent on on hotels and rental cars booked through Capital One Travel.
The Capital One Travel portal offers price matching: if you find a better price on another website within 24 hours of booking, they will refund you the difference.
New: Miles transfer options. Capital One now allows you to transfer your “miles” into select airline miles programs as well. Here are the transfer partners:
- Aeromexico
- Air Canada Aeroplan
- Air France/KLM
- Accor Hotels
- Avianca
- British Airways
- Cathay Pacific
- Choice Hotels
- Emirates
- Etihad
- EVA
- Finnair
- Qantas
- Singapore Airlines
- TAP Air Portugal
- Turkish Airlines
- Wyndham Hotel Rewards
The bolded ones are my favorite. I would use these to top off an account to reach a specific award level. If you know how to leverage one of these international airline miles programs, this can be a good option, but it’s still nice to have the worst-case scenario of effectively earning 2% back towards travel.
Airport lounge access details. Capital One is creating their own lounges within select airports (currently only DFW). Venture X cardholders get unlimited access and can bring 2 free guest per visit. Additional cardholders are also free (no extra annual fee) and have the same benefits of bringing 2 free guests per visit.
As a Visa Infinite card, you also get Priority Pass membership, which includes access to 1,300+ participating VIP lounges, in more than 600 cities and more than 148 countries. You can bring yourself and up to 2 free guests.
Various other perks.
- Cell phone protection. Protect your cell phone every time you pay your bill with your Venture X card. If it’s stolen or damaged, you’ll get reimbursed up to $800 per claim with a $50 deductible.
- Primary rental car collision-damage waiver insurance.
- No foreign transaction fees.
- Hertz President’s Circle® status.
Bottom line. The is an ultra-premium rewards card that earns a minimum of 2x miles on all purchases, which you can either redeem against any travel purchase or transfer to one of their airline/hotel partners. If you can take advantage of the $300 annual travel credit, that already offsets much of the $395 annual fee. In addition, there is an new-customer offer of 100,000 bonus miles (worth $1,000 towards travel) plus a $200 vacation rental credit.
Due to the $1,000+ first-year value, I will be adding this card to my list of .
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