5 Underrated Benefits of the Capital One Venture X Card

There's a lot to love about Capital One's top travel card, the card_name.

First, you'll have the ability to bonus_miles_full. Plus, you'll get complimentary access to Priority Pass and Capital One lounges, an annual $300 Capital One Travel credit. and much more. But beyond those marquee benefits, there are a handful of perks that don't get the attention they deserve.

Read on for our list of underrated benefits of the Capital One Venture Card that we think should be on your radar to get the most out of this card.

Read More: A Full Review of the Capital One Venture X Card

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Capital One Venture X Benefits

1. A Reasonable Annual Fee

The annual fee on the Venture X card clocks in at $395. Believe it or not, that's a heck of a deal.

While that may sound expensive at first glance, it's incredibly competitive when you look at the benefits it provides. That's even more true when you stack it against its two biggest competitors.

The Chase Sapphire Reserve® now carries an annual fee of $795 – an $245 increase from just a few months ago. 

Then there's the American Express Platinum Card®. After a big refresh of its own, the card now has an annual fee of annual_fees (see rates & fees). 

Read next: Premium Trave Card Showdown: Venture X, Amex Platinum, or Sapphire Reserve?

Not only is the Venture X annual fee cheaper at $395, but the bank also makes it easier than any other credit card on the market to offset those costs and come out ahead.

Each year, you'll get a $300 travel credit to use by booking a flight, hotel, or rental car through the Capital One Travel portal. Simply book travel through Capital One and you'll automatically get a discount of up to $300 each cardmember year.

That makes the effective annual fee more like $95, which is much more manageable, and the reason we think the Venture X annual fee shouldn't scare you off.

2. 10,000-Mile Anniversary Bonus

Once you renew your card and pay the $395 annual fee in your second year, Capital One will give you a 10,000-mile anniversary bonus. You get that bonus every single year you renew your Venture X Card – typically a month or two after paying your annual fee.

Those miles are worth a minimum of $100 if you use them through the Capital One Travel portal or when you cover travel purchases with points – and likely much more with smart use of Capital One airline and hotel transfer partners.

Tack this 10,000-mile bonus (worth $100, or potentially more) on top of the annual $300 travel credit and you've got a minimum of $400 in value from just two benefits. Seeing as the card's annual fee is only $395, you can pretty easily come out $5 ahead (or more) each year you hold the card.

Read More: Wondering Whether to Renew Your Venture X Card? Here's What You Should Know

3. Primary Rental Car Insurance

Primary rental car insurance may not sound exciting, but it can save you some substantial money on your next car rental.

The rental car insurance you get when charging your rental car to a Venture X card is some of the best coverage you’ll find among top-tier credit cards. Just in case the worst happens, Capital One rental car insurance allows you to skip costly additional policies from the car agency – or even your own personal policy – saving you more money in the long run.

Many travel credit cards out there offer only secondary rental car coverage. If you get into an accident or your car is damaged with secondary coverage, you’d have to file a claim with your personal insurance policy before turning to your credit card company for help. That means you’ll have to pay your deductible – and your auto insurance premiums will likely go up, too.

But it’s different with the Venture X card. You get primary rental car coverage. And that means you can skip your own policy and head straight to Capital One for help.

This primary coverage from the Venture X card replaces the typical “collision damage waivers” – or loss damage waivers – that car rental companies are required to offer.

This policy will provide reimbursement for damage due to collision or theft on a rental car. So if you get into an accident, it will cover the costs of any damage up to the cash value of the vehicle.

But from car rental companies, this coverage costs $10 to $30 a day. That can add up fast if you’re traveling for more than a day or two.

Read More: All About Capital One Venture X Car Rental Insurance Benefits

4. Cell Phone Insurance Protection

If you pay your cell phone bill with your Capital One Venture X card, you can get reimbursed up to $800 for repair or replacement if your cell phone is stolen or damaged.

Here is what you need to know about how this cell phone coverage works:

• This insurance benefit applies if you’re a Venture X cardholder and pay your monthly cell phone bill with the card.
• You must have paid with your card in the billing cycle before the month the incident occurs.
• The cell phone coverage applies to all lines listed on the account. So if you have a family of four, all lines are covered.
• You will need to pay a $50 deductible for each claim
• The benefit can be used twice in any 12-month period, and you are eligible for reimbursement of up to $800 per claim.
• It’s supplemental coverage, so if you have an insurance policy through your carrier or through the device manufacturer itself, this coverage would not be valid.
• If your device has been stolen, a police report must be filed within 48 hours of the event to be eligible for coverage.

I recently had to use my phone insurance coverage through my Amex Business Platinum Card (which is very similar to the coverage offered by Venture X), and I was extremely impressed with how easy it was and how quickly I received my reimbursement check.

Read More: My Experience With Cell Phone Insurance Protection From My Credit Card

5. Hertz Presidents Circle Status

Just for holding the Capital One Venture X, you'll get complimentary Hertz Presidents Circle Status.

As the highest level of elite status in their Gold Plus Rewards program, President’s Circle elite members who book an intermediate car or higher get guaranteed upgrades to the next available car class or the ability to choose a car from the President’s Circle Ultimate Choice aisle.

Members can also skip the counter when renting a car, get access to a dedicated Hertz Rewards customer service line, and have the ability to add an additional driver at no cost.

This benefit is available for both primary cardholders and Venture X authorized users.

Bottom Line

There is a lot to love about the Capital One Venture X Rewards Credit Card. But beyond the big-ticket items like a huge bonus and lounge access, there are other benefits that add up to make this card even better.

With an annual fee of just $395, we think the card is a no-brainer when you look at everything it offers – including these underrated benefits.

Learn more about the *venture x*.