Venture X vs Venture: Why the New Venture X is a No-Brainer Over the Old Venture Card
venture x vs venture

Why the Capital One Venture X is a No-Brainer Over the Old Venture Card

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The Capital One Venture X Rewards Credit Card has stormed onto the scene in a big way, generating tremendous interest and immediately earning a spot in thousands of travelers’ wallets.

With an annual fee of only $395, it clocks in much cheaper than its primary competitors: The Chase Sapphire Reserve® has an annual fee of $550 each year and the Platinum Card® from American Express annual fee is $695 (see rates & fees).

 

Capital One Venture X Card

 

It’s so good, in fact, that there might be a problem for Capital One. With benefits like lounge access, an annual $300 travel credit, and 10,000 bonus miles each year after you renew your card, it has made the bank’s flagship Capital One Venture Rewards Credit Card largely obsolete.

Sure, some may prefer the lower upfront annual fee of $95 on the traditional Venture card. But you shouldn’t be scared by the Capital One Venture X annual fee – while it’s higher on paper, you can come out way ahead in the end.

Here’s why else you might consider opting for the Venture X Card over its cheaper alternative.

 

capital one venture x card

 

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

 

Capital One Venture X vs Venture

When you look at the features and benefits of the Capital One Venture X and the regular Venture card, you’ll notice that Venture X takes all the best features of the Venture card and puts them on steroids. That’s no coincidence.

In an interview with Thrifty Traveler about their newest card, Lauren Liss, Capital One’s managing vice president of U.S. cards said: “We built on top of Venture because we know it’s a card that our customers love, with 2x earn everywhere. We’ve taken that and we’ve added really straightforward, streamlined benefits to that card.”

So while the Venture X card has a $395 annual fee compared to the Venture Card’s $95 annual fee, it also provides a $300 annual travel credit that can be redeemed through the Capital One Travel Portal for flights, hotels, and rental cars. If you use up that full $300 credit, you’re looking at an effective annual fee of $95 on the Venture X card.

That’s the same price you pay each year for the regular Venture Card.

 

capital one venture x

 

On top of that, starting in your second year of card membership, you’ll get a 10,000 Venture Mile bonus when you renew your annual fee. Those miles are worth a minimum of $100 by using the Capital One Purchase Eraser or through the Capital One Travel Portal, and potentially much more by using Capital One airline and hotel transfer partners.

So with those two benefits alone, you’ll get $400 in value towards travel each year for a card that only costs $395. Add in the big welcome offer bonus, lounge access, travel protection, and car rental insurance coverage, and it’s why we feel the card is an absolute no-brainer.

And it’s also why we think Venture X has made the regular Venture Card largely irrelevant.

If you are spending $300 or more on travel each year, there really isn’t much of a reason to hold the Venture Card as opposed to the Venture X. Using up that $300 travel credit puts the annual fees on a level playing field from a cost perspective and the Venture X just provides so much more.

If you aren’t spending $300-plus on travel each year, I’d argue that the Venture Card probably isn’t a great fit for you, either.

But there is one situation where it makes sense to start with the Venture Card.

 

capital one venture x card

 

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

 

When it Makes Sense to Get Venture Over Venture X

Both the Venture and Venture X cards will require an excellent credit score to get approved, so that really shouldn’t be a factor in which card you apply for.

In our opinion, the only time it makes sense to apply for Venture over Venture X is if you can’t make the minimum spending requirement to earn the big welcome bonus on the Venture X Card work.

Right now, Venture X is offering a 100,000-mile welcome bonus after spending $10,000 in the first six months of card membership. In addition to that, you’ll also get a $200 home sharing credit to use in your first 12 months of card membership at Airbnb or VRBO. Capital One has indicated that this is a limited-time offer. We don’t yet know when the offer is ending, but we think its days might be numbered.

 

capital one venture x

 

The regular Venture on the other hand is offering 60,000 Venture Miles after spending only $3,000 in the first three months of card membership.

That means with the regular Venture Card, you’ll need to spend an average of $1,000 a month for three months to earn the bonus. With Venture X, you’ll need to average spending roughly $1,666 over the first six months to earn the full 100,000 miles.

Credit cards are serious business. If you can’t meet the spending requirement responsibly, you shouldn’t try. If that means starting with the Venture card and then later upgrading to Venture X, that is the correct decision.

 

Will Capital One Update the Regular Venture Card?

We don’t know for sure. But when you look at the list of benefits offered by both Venture X and Venture, they appear to be too similar. If you can make the minimum spending requirement work and you spend more than $300 on travel each year, there is really no reason not to go for Venture X as opposed to the regular Venture.

And again, if you aren’t spending $300 on travel each year, either card in the Venture lineup probably isn’t the best fit for you.

I am not sure what this looks like, but an annual fee increase could be in store for the Venture Card with a few new benefits that help differentiate the benefits offered from Venture X.

 

Full Benefits of the Capital One Venture X Card

  • Earn 100,000 Venture Miles after spending $10,000 in the first six months of card membership. Cardholders will also get up to a $200 statement credit for Airbnb or VRBO stays in your first year. This is a limited-time offer!
  • $300 Annual Travel Credit: Each year, cardholders will get up to a $300 travel credit to use through the Capital One Travel booking portal.
  • Capital One Lounge & Priority Pass Select Lounge Access: Cardmembers will also be able to bring up to two guests with them at no additional cost on each visit.
  • Up to a $100 Credit for Global Entry or TSA PreCheck: Membership in either program is good for five years and cardholders will get this credit every 4 years.
  • 10,000 Mile Anniversary Bonus: Every year on your account anniversary, you’ll receive 10,000 bonus miles after paying your card’s annual fee. These miles are worth a minimum of $100 towards travel.
  • Earn 2x Miles on every purchase & More: Cardholders will earn 2x miles on every dollar spent. Cardholders will also earn 10x miles on hotels and rental cars booked through the Capital One travel portal and 5x miles on flights booked via the portal.
  • Complimentary Hertz President’s Circle Status
  • $395 Annual Fee: Add up to four authorized users at no additional cost

 

capital one venture x card

 

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

 

Bottom Line

If you are considering the Capital One Venture Card, take a hard look at the Capital One Venture X Rewards Credit Card. Yes the annual fee is $300 more than the regular Venture Card each year, but you’ll get a $300 travel credit each and every year you hold the card to offset that. Plus, starting in year two, you’ll get a 10,000-mile bonus when you renew your card and pay the annual fee.

Those two benefits alone are worth a minimum of $400 towards travel and in our opinion make the Venture card obsolete – as long as you can make the minimum spending requirement work on the Venture X 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.

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