Card Highlights
Capital One Venture X Rewards Card is a Credit Card
With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.
Card Rewards
Earn Venture Rewards miles with the card. Learn about Capital One Venture Rewards here.
Sign-up Bonus
Before you apply, make sure you are not limited by any of the Capital One application rules.
Annual Fee
$395
No Additional Cardholder Fees
There are no additional cardholder fees.
Earn Miles on Spending
Earn unlimited 2X miles on every purchase
Earn 10x miles per dollar on hotels and rental cars booked through Capital One Travel
Earn 5x miles on flights booked through Capital One Travel.
Annual Travel Credit
Receive up to $300 back as statement credits for bookings through Capital One Travel.
Anniversary Bonus
Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary.
Access To Capital One Lounges
Access To Plaza Premium Group Lounges
You can access all the lounges run by the Plaza Premium Group. Here is the list of all the lounges you can enter. Capital One Eligible Lounges | Plaza Premium Lounge. You can also bring in 2 guests for free.
Also, if you have account managers or authorized users on the account (which is free, there are no additional cardholder fees), they have the same lounge access AND get 2 guests too.
Priority Pass Select Membership
Receive a complimentary annual Priority Pass Select membership. And even you additional cardmembers get a Priority Pass Membership. Members thru this card can bring in 2 guests for free.
No Foreign Transaction Fees
Pay no foreign transaction fees when you use your card on purchases made outside the United States.
Fee Credit for Global Entry or TSA Pre✓
Receive one Global Entry ($100) statement credit or one TSA Pre✓ ($85) statement credit every 4 years for an application fee charged to your card.
Cell Phone Protection
Redeem Your Miles Three Ways
You have three ways to redeem your miles for travel
You can book your travel and pay using your card. You then need to go online at capitalone.com or call the Rewards Center to use the Purchase Eraser feature to redeem your miles and receive an account credit for the cost of your travel purchase. Note, purchase Eraser redemptions must be made within 90 days from the date your travel purchase posts to your account. Your account credit is usually applied to your balance within 2 to 3 business days after the redemption. Redemptions for a portion of a purchase amount (partial redemptions) are available.
Go online to capitalone.com or contact the Cap One Rewards Center to book your travel. You can then use your miles to pay for your travel. The number of miles needed is based upon the cost of the travel purchase.
Here is how it works with either method:
Simply multiply the cost of your travel purchase by 100. For example, if your travel purchase costs $200, you would multiply that by 100 to determine you need 20,000 miles to redeem.
Note, no matter how you redeem, you can only redeem your miles against travel purchases. Capital One generally defines travel as purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares.
If you have a Capital One Venture X Rewards Card, Capital One Venture Rewards Card or VentureOne Rewards Card or a Capital One Spark Miles Business Card or Capital One Spark Miles Select Business Card you have another option as to how to redeem your Capital One Miles that you earn with your card, you can transfer them to an airline loyalty programs at a rate of 2 Cap One Miles to 1.5 airline miles. (2:1.5). And since the higher level cards (Venture Rewards, Spark Miles Business) earn 2 miles per dollar, these cards have essentially become a 1.5 miles per dollar card. Note, with Emirates and Singapore, the exchange rate is 2:1.
The Points Mom And The Capital One Venture X Rewards Card
More About The Card
Apply For The Card Here
