Capital One Venture X Rewards Credit Card Review

Jacob Wade

Writer

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

The Capital One Venture X Rewards Credit Card is a premium travel card that offers hundreds of dollars in value through travel credits, and elite car rental status. You'll earn 10x miles on hotels and rental cars booked through Capital One Travel, and a generous welcome bonus.

With flexible miles and tons of travel perks, the Capital One Venture X Rewards is a compelling card for frequent travelers.

Quick Facts: Capital One Venture X Rewards

  • Rewards rate: 10x miles on hotels and rental cars booked through Capital One Travel; 5x miles on flights booked through Capital One Travel; 2x miles on all other purchases
  • Welcome offer: Earn 75,000 miles after spending $4,000 in the first three months
  • Annual fee: $395

. . .

Overview of the Capital One Venture X Rewards

The Capital One Venture X Rewards Credit Card offers all the perks you would expect from a premium travel card: global lounge access, status with Hertz, hundreds of dollars in travel credits, and application credit for Global Entry or TSA PreCheck. You can also enjoy complimentary luxury memberships and massive rewards for spending on hotels and rental cars.

Capital One miles are also quite flexible — you can use them to cover travel purchases, shop online, and pay through PayPal or Amazon. Or transfer them to travel partners for even better redemptions.

The annual fee is steep, but lower than many comparable premium travel cards. And you get far more than $395 worth of rewards, including a $300 general travel credit when booking through Capital One Travel, a credit up to $100 toward TSA PreCheck or Global Entry, 10,000 bonus miles every anniversary, and lounge access all over the world. Not to mention the 75,000-mile sign-up bonus.

Capital One has expanded its partnership to 17 travel partners, allowing you to transfer your Capital One miles to them at a 1:1 ratio (or better). Partners include popular airlines and hotels, such as Virgin Red, Flying Blue, British Airways, and Choice Privileges®.

To stretch your miles even further, Capital One will occasionally have transfer partner bonuses, giving you even more points when transferring to a partner airline or hotel loyalty program.

Overall, the Capital One Venture X Rewards card is a premium card worth holding if you travel often.

Pros

  • High rewards rate on travel booked through Capital One Travel
  • Flexible rewards redemptions through the Capital One Rewards portal
  • Unlimited access to Capital One, Plaza Premium, and Priority Pass™ lounges
  • No foreign transaction fees

Cons

  • High annual fee
  • Limited category spending bonuses

Learn more about the Capital One Venture X Rewards Credit Card.

Welcome Offer

The Capital One Venture X Rewards card is currently offering a 75,000-mile welcome bonus after spending $4,000 within three months of opening the account (worth $750 when booking through Capital One Travel).

Not everyone is eligible for this bonus. To qualify:

  • You can’t have been approved for any other Capital One credit card within the last six months (business or personal).
  • You can’t have received a new card member bonus for this card within the past 48 months.

Earning Rewards

In addition to the welcome bonus, some bonus categories help you earn Capital One miles faster:

  • 10x miles on hotels and auto rental purchases through the Capital One Travel portal
  • 5x miles on flights booked through the Capital One Travel portal
  • 2x miles on everything else

If you travel frequently, the 10x and 5x miles for these categories can add up. In contrast, most premium cards offer 1x points on all purchases, but this card offers double that, offering great value for everyday spending.

Redeeming Rewards

Capital One Rewards can be used for travel, but also for cashback, gift cards, and even at checkout using some apps. Here are the different ways you can use your Capital One rewards miles:

Capital One Travel portal

Furthermore, book travel directly through the Capital One Travel portal, covering flights, hotels, and car rentals. Additionally, book Premier Collection hotels for a $100 experience credit plus daily breakfast for two. Moreover, redeem miles at $0.01 per mile through the travel portal.

If you want to pay with your Venture X card, booking hotels or auto rentals through Capital One Travel will net you 10x miles, plus 5x miles for any flights booked. Just make sure to double-check cash prices in the Capital One Travel portal versus booking directly to make sure it’s a good deal.

Transfer partners

As of publishing, Capital One has 17 travel partners that you can transfer miles to:

  • ALL – Accor Live Limitless
  • Aeromexico Club Premier
  • Air Canada Aeroplan
  • Air France and KLM Flying Blue
  • Avianca LifeMiles
  • British Airways Avios
  • Cathay Pacific Asia Miles
  • Choice Privileges®
  • Emirates Skywards
  • Etihad Guest
  • EVA Air Infinity MileageLands
  • Finnair Plus
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Miles&Go
  • Turkish Airlines Miles&Smiles
  • Virgin Red

Transferring miles to most partners offers a 1:1 transfer ratio, except EVA (2:1.5 ratio) and ALL (2:1 ratio). 

Before transferring your miles, make sure you have researched your booking and know exactly how many you need. Once the miles leave your Capital One Rewards account, they cannot be transferred back.

Other redemptions (gift cards, cashback, points at checkout) 

You can redeem your Capital One Venture X miles for cashback, gift cards, and Amazon and PayPal points at checkout. Redemption values vary by strategy:

  • Cashback = $0.005 per mile
  • Gift cards = $0.008 per mile
  • Amazon and PayPal points at checkout = $0.008 per mile

Cashback comes as a credit on your card or mailed as a check. Gift cards will occasionally go on “sale,” meaning you use less miles to buy them.

Learn more about the Capital One Venture X Rewards Credit Card.

Additional Benefits

The Capital One Venture X Rewards card has even more perks, including:

  • Travel protection: As part of VISA Infinite benefits, this card offers travel accident insurance, trip delay insurance, lost baggage coverage, primary auto rental collision insurance, and more.
  • Lounge access: Unlimited access to Capital One, Plaza Premium, and Priority Pass™ lounges (plus two guests).
  • Hertz President’s Circle status: Complimentary Hertz President’s Circle status, which offers free car upgrades and “choose your own vehicle” at select airports.
  • Discounted memberships: Get credits toward PRIOR, Cultivist, and Gravity Haus memberships.
Happy couple driving: Capital One Venture X Rewards Credit Card Review

Who Should Get the Capital One Venture X Rewards?

The Capital One Venture X Rewards Credit Card is ideal for frequent travelers who can take advantage of the travel perks. These perks include airport lounge access, Hertz status, hotel benefits, upgrades, and travel credits.

Plus, if you spend a lot on travel, the 10x miles on hotels and auto rentals through Capital One Travel can add up quickly.

These benefits can easily offset the $395 annual fee.

Who Shouldn’t Get the Capital One Venture X Rewards?

If you don’t travel much, you might not get the full value of the Capital One Venture X card. The biggest perks of the card are access to airport lounges and $300 travel credit.

Casual travelers won’t get the full value from this card and would be better off with the lower-fee Capital One Venture Rewards card.

Alternatives to the Capital One Venture X Rewards

Despite offering a lot of value as a premium travel card, the Capital One Venture X Rewards card may not be the perfect fit for everyone. Here are a few alternatives to consider.

Capital One Venture X Rewards vs. Capital One Venture Rewards Credit Card

  • Rewards rate: 5x miles on hotel and rental car purchases through Capital One Travel portal; 2x miles on all other purchases
  • Welcome offer: Earn 75,000 bonus miles when you spend $4,000 within three months of account opening (worth $750 when booking through Capital One Travel)
  • Annual fee: $95
capital one venture credit card

. . .

While the Venture X card offers a lot more perks, if you’re a casual traveler, you might enjoy the Capital One Venture Rewards Credit Card instead.

Not only does it come with a much lower annual fee, but it also shares many benefits such as a welcome bonus, 2x miles on everything, and access to Capital One Travel. Consequently, you might find more value in the lower-priced card.

Learn more about the Capital One Venture Rewards Credit Card or read our full review.

Capital One Venture X Rewards vs. Chase Sapphire Reserve®

  • Rewards rate: 10x points on hotel stays and car rentals through Chase Travel℠; 5x points on dining purchases through Chase Ultimate Rewards and on Lyft purchases (through March 2025); 5x points on flights booked through Chase Travel℠ (after the first $300 is spent on travel purchases annually); 3x points on restaurants and travel; 1x points on everything else
  • Welcome offer: Earn 60,000 points after spending $4,000 in the first three months
  • Annual fee: $550
chase sapphire reserve

. . .

Both Chase and Capital One offer flexible rewards programs that let you use your points how you want. While Capital One offers the best redemptions on travel, Chase has better value for cashback rewards.

Additionally, the Chase Sapphire Reserve® is Chase’s flagship credit card, with lounge access, travel credits, and tons of other included perks — giving the Capital One Venture X a run for its money.

Learn more about the Chase Sapphire Reserve® or read our full review.

Capital One Venture X Rewards vs. The Platinum Card® from American Express

  • Rewards rate: 5x points on directly booked flights and hotels booked through American Express Travel (up to $500,000); 1x on all other spending
  • Welcome offer: Earn 80,000 Membership Rewards Points after spending $8,000 in the first six months
  • Annual fee: $695 (rates and fees)
American Express Platinum Card

. . .

Both Capital One and American Express let you redeem rewards points for travel, cashback, or gift cards, or you can transfer them to travel partners. And both The Platinum Card® from American Express and Capital One Venture X have premium benefits, such as lounge access, travel credits, elite status, and more.

But the Platinum Card® comes with way more travel benefits, including hotel status, a CLEAR® Plus credit, and over $1,000 in travel-related credits.

Learn more about The Platinum Card® from American Express.

FAQs

What are Capital One Rewards points worth?

Capital One Venture X Rewards points are worth $0.01 per point when redeemed for travel. In contrast, they are valued at about $0.008 per point when used for Amazon and PayPal purchases or gift cards. The value drops to $0.005 per point when used for general cashback.

Using transfer partners can potentially increase the value to up to $0.02 per point or more, depending on the chosen redemptions.

How much are 100,000 Capital One miles worth?

Capital One miles are valued at $0.01 per point when redeeming for travel through Capital One Travel. However, their worth diminishes when utilized for cashback, gift cards, or Amazon and PayPal purchases. If you are using the entire 100,000 for travel, that is equal to $1,000 worth of travel. But it could be worth less, depending on how you use them.

To Sum Up…

The Capital One Venture X Rewards Credit Card is a good credit card if you travel a lot and can take advantage of its perks, like airport lounge access, hotel benefits, and upgrades, to offset the high annual fee.


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.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

Disclosure: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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Author picture

I'm an award-winning lawyer and personal finance expert featured in Inc. Magazine, CNBC, the Today Show, Business Insider and more. My mission is to make personal finance accessible for everyone. As the largest financial influencer in the world, I'm connected to a community of over 20 million followers across TikTok, Instagram, YouTube, Facebook and Twitter. I'm also the host of the podcast Erika Taught Me. You might recognize me from my viral tagline, "I read the fine print so you don't have to!"

I'm a graduate of Georgetown Law, where I founded the Georgetown Law Entrepreneurship Club, and the University of Notre Dame. I discovered my passion for personal finance after realizing I was drowning in over $200,000 of student debt and needed to take action-ultimately paying off my student loans in under 2 years. I then spent years as a corporate lawyer representing Fortune 500 companies, but I quit because I realized I wanted to have an impact; I wanted to help real people and teach them that you can create a financial future for yourself.

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Our aim is to help you make financial decisions with confidence through our objective article content and reviews. Erika.com is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. This in no way affects our recommendations or article content.

Advertiser Disclosure

Our aim is to help you make financial decisions with confidence through our objective article content and reviews. Erika.com is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. This in no way affects our recommendations or article content.

Advertiser Disclosure

Our aim is to help you make financial decisions with confidence through our objective article content and reviews. Erika.com is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. This in no way affects our recommendations or article content.