Capital One Venture X Complete Guide

Capital One Venture X: Complete Guide

Capital One Venture X card is one of my favorite options for families who want a flexible points option.

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Table of Contents

    Capital One Venture X (see current offers)
    • $395 annual fee
    • $300 annual travel credit when booking through Capital One’s portal
    • 10,000 points every year on account anniversary (worth at least $100)
    • Easy airport lounge access for your whole family
    • Miles can be redeemed to erase any travel purchase. 50,000 miles = $500
    • Can be transferred to a variety of partners like Jet Blue, Wyndham, Avianca, Turkish Airways and more

    Card Details

    Earning rates

    • 10x Venture miles on hotels and rental cars booked via Capital One Travel
    • 5x Venture miles on flights booked via Capital One Travel
    • 2x Venture miles on all other purchases

    Annual Fee – $395

    The annual fee is $395 a year. If you’ve never had a card with a high annual fee, this may seem crazy! But thanks to the annual benefits, it is really easy for many people to break even on this.

    You can also add 4 authorized users for free.

    Annual Travel Credit – $300

    The $300 annual travel credit is per cardmember year. That means if you apply for the card in March 2022, you have through February 2023 to use the credit.

    This credit is for bookings made through Capital One Travel. You can book flights, hotels, or car rentals.

    If you usually would book $300 of flights, hotels, or car rentals during a year, it is really easy to use this credit. Also keep reading to see how we used this benefit without even paying for a hotel. Even better, you will earn 10x miles on hotels or car rentals that you book through the portal — so in using this credit, you also could earn 3000 miles.

    In my experience, the credits appeared on my statement within a week of the purchase I made through the portal.

    Capital One Venture X

    I actually ended up having to cancel the hotel I had booked through the Capital One portal and I got a refund — but notably, Capital One didn’t take remove the travel credit. So you could book a refundable reservation and then cancel a few months later and you’d probably still get to keep your travel credit (based on my experience anyway)

    Account Anniversary Bonus – 10,000 miles

    Every year on your account anniversary, you will also receive 10,000 bonus miles. At the minimum, you can redeem this for $100 in travel credit.


    Lounge Access Benefits

    This is one of my favorite perks of the card. It is especially valuable because you can add 4 authorized users for free and they all get their own lounge access.

    Capital One Lounges

    Capital One currently has a lounge at the Dallas Fort Worth airport and lounges are scheduled to open in Denver and Washington Dulles in 2022.

    Each cardmember can bring 2 guests with them into the lounge.

    If you are a larger family — you can add your kids as authorized users on the card (no minimum age to add a cardmember with Capital One) — and be able to get everyone in!

    Priority Pass Membership

    Each cardmember is also able to enroll in a Priority Pass membership. Though I see other blogs reporting you get 2 guests with your Priority Pass membership, this is not what I see. The terms are actually vague about guests allowed for Priority Pass and currently say “unlimited access for member and guests” 

    If you already have Priority Pass membership through an American Express card — this Priority Pass membership is actually more valuable. American Express excludes restaurants and spas from its Priority Pass membership — whereas this membership will give you access to all Priority Pass experiences.

    The way that the membership sign up is managed makes this perk even more flexible.

    When you receive your physical card, you can use the number to sign up here for Priority Pass Membership : https://prioritypass.com/capitalone

    But the key is this–the name on the Priority Pass membership does not have to match the name on the credit card. Essentially the credit card gives you the benefit of signing any one person up for a Priority Pass membership.

    In our case, I added my son as an authorized user on my card. He is 9 so he can’t get a Priority Pass membership because there is a minimum age of 18. Instead, I used his card number and created a Priority Pass membership for my husband.

    There are two extra benefits here, too! First, I didn’t have to add my husband to the card as an authorized user (so it doesn’t affect his 5/24 status for trying to open Chase cards). Second, it will help my son build credit!


    More Cardmember Perks

    You can find more details and even more benefits in the Venture X’s benefits guide. Because the Venture X is a Visa Infinite card, you also get access to Visa Infinite perks.

    Cell Phone Protection

    If you pay your cell phone bill with the Venture X card, you will receive complimentary cell phone protection. It applies to all lines on the bill.

    You get $800 of coverage if your cell phone is stolen or damaged. There is a $50 deductible per claim and you can use the benefit twice per 12 month period.

    This includes accidental damage!

    TSA Precheck / Global Entry Credit

    If you pay for your TSA PREcheck or Global Entry membership with the Venture X, you will get a statement credit for up to $100 (valid once every 4 years).

    Hertz President’s Circle status

    The primary cardmember and authorized users can sign up for this status. Perks include being able to skip the counter, guaranteed upgrades, and free additional drivers.

    Trip Cancellation and Interruption Coverage

    If you paid for a ticket with your Venture X, you can receive up to $2,000 per eligible person for the nonrefundable common carrier ticket.

    ?Eligible persons? include you (the cardholder), your spouse or domestic partner and your dependent children if you charged the entire cost of the trip to your card or redeemed your miles earned from the card.

    The trip cancellation and interruption insurance on the Venture X will only cover you and your immediate family members in one of the following scenarios, but there are some excluded situations.

    • Death, accidental bodily injury, disease or physical illness.
    • Default of the common carrier resulting from financial insolvency.

    Trip Delay Reimbursement

    If you experience a flight delay of at least six hours or requiring an overnight stay, you can receive up to $500 per eligible person for reasonable expenses incurred such as hotel rooms, meals and more. Your period of travel also must not exceed more than 365 days.

    Extended Warranty Protection

    You can receive additional warranty protection of a year at no charge on eligible items that are purchased with your Venture X card.  

    Visa Infinite Concierge

    Want a hand making the perfect dinner experience? A Visa Infinite concierge will help make the reservation and more, like line up live stage show, music or sporting event tickets.

    Auto Rental Collision Damage Waiver

    Rent an eligible vehicle with your card and you could be covered for damage due to collision or theft. Learn more about rental car insurance.

    Free Shipt Membership for 3 Years

    You are also entitled to a Free Shipt Membership for 3 years! This gives you free delivery on orders over $35. Activate your benefit here.


    My Take

    This is now the best option for families who are looking to get airport lounge access. If you live by an airport that has Priority Pass options or one of the new Capital One Lounges (so far DFW, but also adding Denver and Dulles soon), this is an especially great option. 

    It only allows 2 guests into Capital One lounges Even better, since you can add 4 authorized users for free (who get their own lounge access) it is so easy for a whole family to get in. Or add a friend/parent/sibling and gift them their own lounge access for Christmas!

    I love that it is easy to make up your $395 annual fee. The $300 annual travel credit is fairly easy to use. You will have to book through the Capital One portal which means if you book hotel stays you won’t earn elite night credits or be able to utilize any elite benefits you have. But since it is a Visa Infinite card, the car rental protection will be strong, so we will likely use our credit to book rental cars. 

    The lounge access for families as well as the ability to easily get our annual fee value back means this is easily a card we would keep long term. 

    The transfer partners for Venture miles may seem a bit obscure, but there are some great options which I will outline below. 

    In the past, Capital One has been notoriously fickle with people who have many cards open. I was auto-approved even though I’m at 8/24 (have opened 8 personal cards in the past 24 months). 

    I’d say this card is worth a 5/24 slot with the current 100k offer through March 14th.  

    If you decide to apply, I appreciate if you use my referral link!

    Capital One Venture X (see current offers)
    • $395 annual fee
    • $300 annual travel credit when booking through Capital One’s portal
    • 10,000 points every year on account anniversary (worth at least $100)
    • Easy airport lounge access for your whole family
    • Miles can be redeemed to erase any travel purchase. 50,000 miles = $500
    • Can be transferred to a variety of partners like Jet Blue, Wyndham, Avianca, Turkish Airways and more


    Great Uses of Venture X Miles:

    Here are 4 of my favorite uses for Venture X miles!

    Use your miles to “erase” any travel purchase — even Disney!

    While this is not the way to get the max value from your miles — it is a super easy redemption option that still provides value! If you have 100,000 miles, you can use it to erase $1,000 of travel purchases.

    This works for any expense that codes as a travel expense. This is the easiest way to pay for Disney Vacations using points!

    Transfer to Wyndham Rewards and use to book Vacasa Rental homes

    This is my absolute favorite option and the one we plan to utilize for our Venture miles!

    Rental homes cost 15,000 Wyndham points per bedroom per night. This makes homes with lots of bedrooms very expensive but one bedrooms can be a great value. The pricing does not take into account if homes have lofts or basements with extra sleeping areas. Some one-bedroom homes actually sleep up to 8. Or you can book a 2 bedroom house for 30,000 points.

    The process to book Vacasa rentals takes a few steps. 

    First, start on the Vacasa site to find rental options. If you’re looking for the best value, I’d recommend filtering for 1 bedroom places and then the number of people you are hoping to accommodate. You can start here with my search of all of the United States and 1 bedroom places. Though it is not a published guideline, it seems like Vacasa rentals that cost more than $350 per night (before taxes and fees) will be unavailable to book with Wyndham points. Wyndham also has properties in Mexico, Costa Rica, and Belize!

    Capital One Venture X
    My search for 1 bedroom places that sleep 6+ returned 300+ properties

    Pick a few properties that you are interested in booking.

    Call 866-996-7937 to start the process of booking your rental. An agent will take your information and call you back within a day or two. 

    Even better – taxes and fees (including cleaning fees) are currently waived when you book with points!

    You have 30 days from when you book to cancel your reservation for no fee.

    Transfer to British Airways for cheap flights to Dublin, Hawaii, or short haul within the United States

    British Airways uses a distance-based calculation for award flights. It also charges per flight segment. This means it makes flights with connection very expensive. But you can fly from the West Coast on non-stop flights on their partners Alaska or American for 26,000 points round trip! Or use the miles to fly on AerLingus for 26,000 miles round trip on direct flights from Chicago and farther east (if you fly off-peak). 

    That means the 100k bonus can get a West Coast family of 4 to Hawaii or a Midwest/East Coast family of 4 to Dublin! For Dublin you will pay taxes of about $150 round trip. 

    Transfer to Choice Hotels for great stays in Europe

    Venture miles transfer to Choice hotels at a 1:1 ratio. This isn’t as good as the Citi Premier card, which transfers at 1:2 — so if you like this option, I’d recommend you look at the Citi Premier card! But Choice has some fabulous hotels in Europe — like this one in Venice which is as low as 16,000 points per night.

    It also has some great family options in the US with 1 bedroom suites or bigger.


    Card Application

    If you decide to apply, I am so grateful if you use my affiliate link!

    Capital One Venture X (see current offers)
    • $395 annual fee
    • $300 annual travel credit when booking through Capital One’s portal
    • 10,000 points every year on account anniversary (worth at least $100)
    • Easy airport lounge access for your whole family
    • Miles can be redeemed to erase any travel purchase. 50,000 miles = $500
    • Can be transferred to a variety of partners like Jet Blue, Wyndham, Avianca, Turkish Airways and more

    Editorial Disclosure – The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are the author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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