18 Capital One Venture X Benefits (2023)

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

When Capital One launched the $395-annual-fee Capital One Venture X Rewards Credit Card at the end of 2021, they created a premium travel credit full of enticing benefits. The card’s value is boosted by Capital One’s expanding list of airline transfer partners and is a no-brainer addition to any bonafide point collector’s arsenal.

In discussing the benefits of any travel credit card, there are four key aspects to consider: welcome bonuses, earning rates, redemption options and recurring perks. Beyond that, when discussing premium cards like the Venture X, it’s worthwhile to keep in mind the ongoing protections that are offered. While it may have taken the folks at Capital One a little longer to join the ranks of transferable-point currencies, the Venture X card was worth the wait.

Find The Best Credit Cards For 2023

No single credit card is the best option for every family, every purchase or every budget. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.

Learn More

Generous Welcome Bonus

Currently, the Capital One Venture X offers 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening. Thanks to their wide-ranging list of transfer partners, that’s enough for a one-way business class plane ticket to almost anywhere in the world. Plus, the earning potential on this card is also fantastic, allowing you to quickly bolster your mileage balance.

Big Rewards for Travelers

Capital One has made it easy to accrue miles quickly, especially for those who spend money on travel. This card clearly prioritizes travel spend, as it earns a generous 2 miles per dollar on all eligible purchases, 5 miles per dollar on flights booked through Capital One Travel and 10 miles per dollar on hotels and rental cars when booking via Capital One Travel.

For those travelers who prefer to book their flights or hotels directly, without using an online travel agency like the one offered via the Capital One travel site, the Venture X card offers double miles on all other purchases across the board. This means that no matter what you’re purchasing with the Venture X card, you are guaranteed to be earning at least 2 miles per dollar spent.

Multiple Redemption Options

As a transferable-point currency, when it comes to redemptions Capital One offers three main options: Either you can transfer your Capital One Rewards to one of the issuer’s travel transfer partners directly (mostly at a 1:1 ratio), you can redeem miles for travel purchases or you can redeem directly through the Capital One Travel portal.

Transferring Miles to Airline Partners

Capital One took a huge step forward in Jan. 2019 when it gave cardholders the option of transferring their miles into partner-airline miles (as well as a hotel partner or two). At the time, it was a welcome change and a fantastic value bump for Capital One miles, despite the fact that miles transferred at a rate of 2:1.5 (or 0.75 airline miles for every one Capital One Rewards point). However, in June of 2022, Capital One improved the ratio to 1:1 for nearly all of its partners.

Having miles like this can be a huge benefit to travelers looking to push the envelope on the value of their miles with international business class redemptions. With a bit of research, you can unlock some true mileage-redemption gems by transferring points to programs like Etihad Guest, Aeroplan, FlyingBlue and others.

Redeeming for Travel Purchases

Redeeming directly through Capital One Travel means you can offset the cost of any retail travel purchase, regardless of whether there’s proper “mileage availability” or not. What’s great about this feature is that you don’t have to pay for the entire purchase with your points if you don’t want to—you can choose to simply offset part of the cost if you don’t have enough miles or simply prefer to save some for a future trip.

Redeeming in the Capital One Travel Portal

Interestingly, when it comes to redeeming miles for economy flights, booking through Capital One’s portal will often provide better value than transferring to partners. You can also use the portal to book hotel stays at properties where you don’t need to utilize elite benefits. Lastly, if you’re not a traveler, you can redeem your points at the same $0.01 per point value for gift cards directly through Capital One.

Recurring Perks

In addition to the ongoing travel and protection benefits, the Venture X card comes with three notable recurring perks: An anniversary bonus, an annual travel credit and a TSA PreCheck or Global Entry credit. It’s important to note, that while some benefits are extended to the cardholder as well as authorized users, these three recurring perks are only offered once for the entire account, not once per cardholder.

A 10,000 Mile Capital One Venture X Anniversary Bonus

Beginning with the second year of card membership, all Venture X cardholders will receive a 10,000-mile anniversary gift, valued at $100 towards travel when booked through Capital One. These points come with no strings attached and are deposited each year on your cardmember anniversary after paying the annual fee. As a result, they can be used in conjunction with your other points, in the same way as any other miles you may have earned in the previous year.

An Annual Travel Credit

In addition to an anniversary miles bonus, Capital One offers each Venture X cardholder with up to $300 in travel credits each year. This credit is valid towards any travel purchase made through the Capital One Travel portal. If you typically make your bookings directly with a hotel, airline and/or car rental company, don’t forget to make at least one booking via Capital One’s portal to take advantage of this generous annual offer.

A $100 Trusted Traveler Application Fee Credit

As is the case with other premium travel credit cards, the Capital One Venture X offers a $100 credit towards either a TSA PreCheck or Global Entry application fee. A nice bonus with this perk is that either the primary cardholder or an authorized user could use this credit, However, be aware the credit can only be used once per valid period so it’s best that you and any authorized users are in sync about who gets to take that application fee credit.

Other Valuable Benefits

After reviewing the rewards structure of a credit card, especially one in the travel space, the “extras” merit serious consideration too. Nearly all premium rewards cards offer welcome bonuses, annual or recurring perks and some type of category spend-bonuses to incentivize using their product. Beyond all that, some of the lesser-touted benefits on the Venture X, such as travel and purchase protection, price watching and lounge access make this card shine.

Primary Auto Rental Coverage

You never know when things will go wrong, but thankfully, the Venture X has you covered in multiple scenarios.

When you pay for the entire car rental with your Venture X card and waive any collision damage or loss damage coverage offered by the agency, paying with the card acts as primary rental insurance for up to $75,000¹. This can save you money on the total cost of your rental as most car rental companies tack on an additional fee for more comprehensive coverage.

Elite Status With Hertz

All cardmembers, including authorized users, can enroll in complimentary President’s Circle status with Hertz Rental Cars², which is their highest level of status and entitles you to perks like skipping the counter and heading straight to your car at select locations and a free automatic car class upgrade.

Trip Insurances and Protections

Another useful set of benefits that come with the Venture X card are the trip delay¹, cancelation and interruption¹ protections you receive. The benefits cover you for up to $500 for a flight delayed more than six hours, if the tickets were purchased with the Venture X card and were booked on a commercial flight. Although you’re only entitled to one claim per trip, each person in your party can file a claim.

The card also offers interruption and cancellation insurance, which is good for up to $2,000 for any trip canceled for a covered reason. Non-refundable travel purchases made with the Venture X card including tours, hotels and flights are covered under this benefit.

Purchase Protections

In a world where swiping our cards has become second nature and purchasing things online is more common than ever, having a card with purchase protection can give you peace of mind. The Capital One Venture X Rewards Credit Card comes with three main purchase protection benefits, which they break down as Purchase Security¹, Extended Warranty¹, and Return Protection¹.

The Purchase Security protects you and your items in the event of theft or damage. These claims are generally quite involved and almost always require a police report or other official documentation, but the benefit covers you up to a maximum of $10,000 per item and up to $50,000 per year. What’s best is that you only have to have paid for at least part of the item with your Venture X, rather than needing to have paid for the entire purchase.

The Extended Warranty coverage offers a one year extension on warranty for any products that come with a built-in warranty of three years or less. The benefit here is capped at $10,000 per claim and $50,000 per calendar year, but if your item is worth less than the $10,000 limit you can’t claim beyond the value.

Last but not least, is one that is tough to find outside the premium travel credit card space: Return Protection. Any time you have an eligible item that you purchased using your Venture X and wish to return it within 90 days, but the merchant is unwilling to accept your return, you can apply for reimbursement of the item via Capital One up to a maximum value of $300 per item up to $1,000 maximum per year.

Appealing Authorized User Access

This particular perk is one worth mentioning for those looking to get their kids or other family members on a fast track towards good credit. Generally speaking, most banks require authorized users to be a certain age before officially adding them onto the account with a Social Security number. The Capital One Venture X card, however, allows you to add anyone as an authorized user at no additional fee. This is quite useful for parents who want to jumpstart their children’s’ credit profiles.

Expansive Lounge Access

Ownership of the Venture X card unlocks access to three separate airport lounge groups. Cardholders can visit the issuer’s Capital One Lounges. As of Sept. 2022, the only operating one is at Dallas-Fort Worth International Airport (DFW), but two more will soon be open at Denver International Airport (DEN) and Washington, D.C.’s Dulles Airport (IAD).

Venture X cardholders can also request a complimentary Priority Pass Select card, which would entitle them access to the Priority Pass global lounge network. And cardholders also get access to Plaza Premium lounges worldwide. Unique among premium cards is that the lounge access benefit is extended to include even authorized users and includes entry for the cardholder plus two guests.

Cell Phone Protection

Offering a cell phone protection benefit has become increasingly popular among credit card issuers. To take advantage of this benefit on the Venture X card, simply pay for your full cell phone plan each month with the card and in turn, you’ll receive coverage for up to $800 per eligible claim, up to two claims per year, minus a $50 deductible per claim¹. Although theft is not included, missing and broken parts, including screen repairs, are covered under this protection.

Find The Best Credit Cards For 2023

No single credit card is the best option for every family, every purchase or every budget. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.

Learn More

Bottom Line

From welcome bonuses to generous earning rates, and from high-value redemption options to valuable protections and useful benefits, the Capital One Venture X stands tall in the crowded field of premium travel credit cards.

¹For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

²Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.

Top Articles
Latest Posts
Article information

Author: Rubie Ullrich

Last Updated: 24/04/2023

Views: 5811

Rating: 4.1 / 5 (72 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Rubie Ullrich

Birthday: 1998-02-02

Address: 743 Stoltenberg Center, Genovevaville, NJ 59925-3119

Phone: +2202978377583

Job: Administration Engineer

Hobby: Surfing, Sailing, Listening to music, Web surfing, Kitesurfing, Geocaching, Backpacking

Introduction: My name is Rubie Ullrich, I am a enthusiastic, perfect, tender, vivacious, talented, famous, delightful person who loves writing and wants to share my knowledge and understanding with you.