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Capital One launched its first premium travel credit card. The Capital One Venture X Rewards Credit Card is the bank’s new flagship travel rewards card and sports several benefits like airport lounge access, annual travel credits, and several ways to earn bonus miles. Here’s what you need to know about this new addition to the Capital One lineup.

venture x
Hyatt Union Square New York. Credit: Hyatt

Capital One Venture X Signup Bonus

New Capital One Venture X Rewards Credit Cards cardholders can earn 75,000 bonus miles when they spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.

This is one of the best credit card offers.

Learn more: Travel Rewards Credit Cards

Capital One Venture X Benefits

Here are some of the best travel perks you may come to expect from this new premium credit card.

Up to $300 in Annual Travel Credits

You will get up to $300 in annual travel credits on Capital One Travel purchases. The recently redesigned travel booking portal lets you find flights, hotels, and car rentals.

No doubt, the Capital One Venture X Rewards Credit Card will be one of the best Capital One credit cards available.

Earn up to 10x Miles on Purchases

Your purchases can earn up to 10x miles on purchases:

  • 10x on car rentals and hotels through Capital One Travel
  • 5x on flights through Capital One Travel
  • Unlimited 2x on all remaining purchases

More rewards credit cards are shifting to awarding bonus miles on travel bookings through their credit card portal. If you’re comfortable paying for travel reservations from a third-party site instead of going directly through the carrier, this is an effortless way to earn bonus miles.

Learn more: Travel Rewards Credit Cards

Flexible Redemption Options

Your Capital One miles are most valuable when you redeem them as a travel statement credit for purchases from the last 90 days.

Redeeming your miles for upcoming trips through Capital One Travel is another option.

Each point is worth 1 cent for either redemption method.

A third way to get more mileage is by using the Capital One transfer partners. Many of the airline and hotel partners now have a 1:1 transfer ratio and are best for international travel.

Related: How to Redeem Capital One Miles for Maximum Value

10,000 Miles Anniversary Bonus

For each card renewal, you will receive 10,000 bonus miles ($100 value) when paying the $395 annual fee.

Airport Lounge Access

You can get complimentary access to Priority Pass Select and the brand-new Capital One Lounge network.

The first Capital One Lounge just opened on November 4, 2021, at Dallas-Ft. Worth (DFW).

This benefit is available to the primary cardholder, authorized users, and up to 2 additional guest passes.

Free Global Entry or TSA PreCheck

You can receive one application fee credit for Global Entry or TSA PreCheck every four years.

Hertz President’s Circle Status

You can also enjoy complimentary Hertz President’s Circle loyalty status for rental car privileges.

Membership benefits include:

  • Skip the counter
  • E-return
  • Free additional driver
  • Guaranteed upgrades
  • Widest vehicle selection

Learn more: Travel Rewards Credit Cards

Free Authorized Users

The Capital One Venture X Rewards Credit Card annual fee of $395 for the primary card is already a bargain compared to The Platinum Card® from American Express ($695; See Rates & Fees) and the Chase Sapphire Reserve® ($550).

You can also add authorized users for free. Most premium cards charge for each secondary card.

Summary

The Capital One Venture X Rewards Credit Card is an exciting option if you want a premium travel credit card without a steep annual fee. This card makes it easy to earn bonus miles on travel. The additional air travel benefits can also help if you fly several times a year.

Learn more: Travel Rewards Credit Cards

Related Articles:

For rates and fees of The Platinum Card® from American Express, please click here.

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  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
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