Yes, Really: How the Venture X Card Actually Pays You $5 Each Year (Or More)

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capital one venture x card

Yes, Really: How the Venture X Card Actually Pays You $5 Each Year (Or More)

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Last fall, the Capital One Venture X Rewards Credit Card burst onto the scene in a big way. Sure, it’s Capital One’s first premium travel credit card. But it holds up particularly well against other top travel cards when it comes to price.

At just $395 each year, the Venture X Card is vastly cheaper than its primary competitors from both Chase and American Express. The Chase Sapphire Reserve® clocks in at $550 each year, while the Platinum Card® from American Express carries an annual fee of $695 (see rates & fees).

Despite that price difference, an annual fee of $395 is still big enough to scare many travelers off. But among the bevy of benefits on this card, there are two perks that can easily help you not just offset the annual fee … but come out ahead.

 

capital one venture x card

 

Click Here to learn more about the Capital One Venture X Rewards Credit Card

 

Two Venture X Benefits, $400 of Value

Do you spend $300 on travel expenses each year? If you do, it might make sense to look at the Venture X card as having an annual fee of only $95.

 

$300 Annual Travel Credit

Each year you hold the card, you get a $300 travel credit to use towards any flight, hotel, or rental car that you book through the Capital One Travel Portal.

So long as you’re booking your travel through the Capital One travel portal and pay with your Venture X Card, Capital One will automatically reimburse you up to the $300 limit each and every year. Bookings directly with airlines, hotels, or rental car agencies will not qualify. Still, that’s easy enough to use up.

Read our step-by-step guide to using the Capital One Travel Portal to see how you can put this credit to use!

 

capital one venture x card

 

Put it to use, and your annual fee of $395 looks more like $95. If you’re the type of person who spends $300 or more a year on travel, this alone could make the Venture X Card a no-brainer – and a far better option than the longtime standard Capital One Venture Rewards Credit Card.

But here’s where it starts to get even more interesting…

 

Earn 10,000 Venture Miles Each Year You Renew Your Card

Right now, you can earn 120,000 miles (or more!) in your first year with the card thanks to a massive bonus. You get 100,000 Venture Miles after spending $10,000 within the first six months – and with that spending requirement, it rounds out to 120,000 Venture Miles. Plus, you also get a $200 credit for Airbnb or VRBO homestays to use within the first 12 months.

That’s huge. But what about in year two and beyond?

Starting in your second year with the card, Capital One will give you 10,000 Venture Miles each year after paying your renewal fee. This mileage bonus happens each and every year you hold the card.

These miles are worth a minimum of $100 if used with the Capital One Purchase Eraser, or even through Capital One Travel. You can likely get much more value out of them with smart use of Capital One transfer partners.

 

Doing the Math

Add up just those two benefits, and you’ve got $400 in value towards travel to use each year starting in your second year with the card – and in the first, you can earn a massive bonus of 100,000 Venture Miles after spending $10,000 within the first six months.

Remember that once-daunting $395 annual fee? So long as you plan to spend money on travel each and every year you hold the card, you can come out ahead by $5 just from those two ongoing benefits alone. And if you aren’t spending that much money on travel, I would argue that Venture X probably isn’t the best fit anyway.

No other premium travel card comes close to providing such an easy avenue to come out ahead. And that’s before you get to the other benefits on the Venture X Card.

 

Full Benefits of the Capital One Venture X Rewards Credit Card

  • Earn 75,000 Capital One Venture Miles after spending $4,000 on the card in your first three months of card membership.
  • Annual $300 travel credit to use for Capital One Travel bookings on flights, hotels, or car rentals
  • Complimentary access to the Capital One Loungesplus two free guests on each and every visit.
  • Priority Pass membership, which will get you and two guests into 1,200-plus other airport lounges around the globe
  • Use $100 credit for either TSA PreCheck or Global Entry once every four years. Membership in both programs is good for five years.
  • Get 10,000 bonus Venture miles each year after renewing your card, starting in year 2
  • Earn 10x miles on hotels and rental cars and 5x miles on flights booked via the Capital One Travel portal
  • Earn 2x miles on all other spending
  • Complimentary Hertz President’s Circle status
  • Primary Rental Car Coverage
  • Lost Luggage Reimbursement
  • Trip Delay Coverage, Trip Cancellation, and Interruption Coverage
  • Add up to Four Authorized Card Users at no additional cost. Each user gets their own lounge membership.
  • $395 annual fee

 

venture

 

Click Here to learn more about the Capital One Venture X Rewards Credit Card

 

Our Analysis

We get it: No matter how it compares to competitors, a $395 annual fee seems too steep.

But that annual fee is a mirage. So long as you plan to spend $300 on some combination of flights, hotels, and rental cars each year, the annual fee is more like $95. And while the 10,000-mile anniversary bonus isn’t available until your second year of card membership, the huge welcome bonus offer that is currently available more than makes up for that.

Right now, you’ll earn 75,000 Capital One Venture Miles after spending $4,0000 in the first three months of card membership. Since the Venture X card earns at least 2x miles on every dollar you spend on the card, you’ll end up with 83,000 miles after you meet the required spending. That’s at least $830 towards travel – and potentially much more if you use certain Capital One airline and hotel transfer partners.

But remember, credit cards are serious business. If you can’t meet the $4,000 spending requirement in the first three months to earn the big bonus, you shouldn’t try. Racking up debt with a high-interest rate will never be worth the travel rewards you can potentially earn.

But if you can meet this spending requirement responsibly, this offer is worth a serious look if more travel is your goal. In fact, we think the offer is almost too good, and it’s why we don’t think the limited-time welcome offer bonus can last much longer.

 

Bottom Line

As long as you’re traveling regularly, Capital One will provide you with a total of $400 in travel credits and miles each and every year – or much more in year one with a huge welcome bonus. Considering the card only costs $395 each year, you’ll come out $5 ahead on just two benefits the card offers.

Add in the huge welcome bonus, up to $100 credit for TSA PreCheck or Global Entry, lounge access, and more, and we truly think the card is a no-brainer for many travelers.

 

venture

 

Click Here to learn more about the Capital One Venture X Rewards Credit Card.

 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

6 Responses

    • The PGA lounge is the only Priority Pass Option at MSP. Escape Lounge can only be accessed with Amex Platinum Card or the Delta Reserve Card (if flying Delta).

  • I just opened this card and have already received the $300 travel credit and $200 Airbnb credit for trip I was planning at the end of January. Received both credits within 2-3 days of booking. I can’t wait to use the lounge access! We currently only travel a few times a year but it’s already worth it. Working toward the sign up bonus points for more value.

  • MSP needs to get a “real” lounge that is part of the Priority Pass network. The PGA lounge does not cut it. Until it does, MSP travelers will not see much utility from this Priority Pass lounge membership.

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