Capital One Venture X Rewards Credit Card Review

Capital One Venture X Rewards Credit Card Review

The Capital One Venture X card offers a variety of rewards, including $75,000 bonus miles (worth $750 in travel) after you spend $4,000 in the first three months. You will have access to exclusive travel deals with a $300 annual statement credit for Capital One Travel bookings.

Additional 10x miles rewards on hotels and car rentals, 5x miles on flights, and 2x miles on all other purchases with no annual limit.
Further, you can enjoy unlimited free access to over 1,300 airport lounges and exclusive hotel benefits for cardholders. This card is your passport to a world of travel opportunities.

Quick Highlights

• Score a 75,000-mile bonus (worth $750 in travel) after spending $4,000 in the first three months. Get an annual 10,000-mile bonus ($100 towards travel) each year.
• Earn 10x miles on hotels and rental cars and 5x miles on flights booked through Capital One Travel. Earn 2x miles on all other purchases.
• Enjoy unlimited complimentary access for you and two guests to 1,300+ airport lounges.
• Use miles for flights, hotels, rental cars, and more. Even transfer miles to 15+ travel partners.
• Elevate hotel experiences with a suite of cardholder benefits at Premier or Lifestyle Collection hotels.
• Get up to $100 credit every four years towards Global Entry or TSA PreCheck.

Rewards and Benefits

Rewards

• Earn 10 miles per dollar on hotels and rental cars booked through Capital One Travel.
• Get 5 miles per dollar on flights booked through Capital One Travel.
• Receive 2 miles per dollar on all other purchases.

Benefits

• Annual travel credit: Get $300 yearly towards travel bookings made through Capital One Travel.
• Airport lounge access: Enjoy unlimited access to over 1,300 Capital One lounges, Priority Pass lounges, and Plaza Premium lounges for you and up to two guests.
• Global Entry or TSA PreCheck reimbursement: Get reimbursed up to $100 every four years for application fees when paying with your Venture X Card.
• Premier Collection benefits: Book hotels through the Premier Collection and receive exclusive perks like daily breakfast for two, a $100 experience credit, and more.
• Travel protections: Receive coverage for trip delays, cancellations, interruptions, rental car damage, and lost luggage when booking with your Venture X Card.
• Purchase protection:
• Get an extended warranty.
• Purchase protection against theft or damage.
• Return protection for eligible purchases at no additional cost.
• Cell phone protection: Pay your monthly phone bill with your Venture X Card and get coverage against loss, theft, or damage, with up to two yearly claims (up to $800 each, with a $50 deductible).
• Free authorized users: Add authorized users who can enjoy benefits like lounge access and travel protections at no extra charge.

Rates and Fee

• Intro Purchase APR: N/A.
• Intro Balance Transfers APR: N/A.
• Purchase APR: 19.99%–29.99% variable.
• APR for Cash Advances: 29.99%.
• Paying Interest: Your due date is at least 25 days after the close of each billing cycle.
• Annual fee: $395.
• Cash Advance Fee: Either $5 or 5% of the amount of each cash advance, whichever is greater.
• Late Payment: Up to $40.
• Foreign transaction fee: none.

Rewards Redemption

Capital One Venture X miles offer a world of possibilities, but navigating the various redemption options can be daunting. Fear not, intrepid traveler! This guide will equip you with the knowledge to maximize the value of your hard-earned rewards.

• Capital One Travel Portal: Enjoy the ease of booking flights, hotels, and more directly through Capital One Travel, earning 1 cent per mile. No blackout dates or inflated prices mean you get the total value of your miles.
• Statement Credits: Do you prefer independent travel planning? Redeem your miles for statement credits towards past travel purchases at 1 cent per mile, giving you flexibility and earning opportunities.
• Transfer to Airline & Hotel Programs: Expand your redemption horizons by transferring your miles to over 15 partners like Air Canada, Cathay Pacific, and Wyndham Rewards (1:1 transfer ratio, minimum 1,000 miles). Redeem your miles for flights, hotel stays, and more with potentially higher value depending on the program chosen.
• Cash Back & Gift Cards: While offering less than 1 cent per mile, these options can still be relevant depending on your needs. Choose from cash back or gift cards at various retailers for added spending power.

Application Process

Here’s how you can apply for the card:

• Locate the Capital One Venture X card page on the Capital One website.
• Once there, click on the “Apply Now” button.
• You will be directed to an online application form where you will need to provide personal information, including
  • Full name

• • Social Security number

• • Date of birth

• • Physical address

• • Estimated gross annual income

• • Employment information

• • Contact information

• You may also be asked to provide additional information to verify your identity and income.

Review and submit

• Carefully review all the information you have entered in the application form before submitting it.
• Once you are satisfied with the accuracy of the information, apply electronically.
• Capital One will review your application and notify you of their decision within 7-10 business days.
• If approved, you will receive your new credit card and welcome materials in the mail within 7-10 business days.
• It is essential to have a good credit score (generally above 700) to qualify for the Capital One Venture X card.

Customer service

• Customer care: 1-877-383-4802
• Official website: Capital One

Conclusion

In conclusion, the Capital One Venture X Rewards Credit Card offers premium benefits including unlimited lounge access, a statement credit for travel purchases, and TSA PreCheck or Global Entry reimbursement to the travel elite. So, you can start your journeys with multiplied miles on hotels and car rentals booked through Capital One Travel. You can apply for the Capital One Venture X Rewards Credit Card from its official website.