Capital One Venture X: Travel Smart And Get Rewarded For It!

Leading most of the best credit cards for travel rewards lists, Capital One Venture X is one of the most potent credit card choices for anyone who travels at least once a year. 

It offers benefits ranging from up to four extra authorized cards at no additional cost to easy miles transfer through the 15+ partners available with their travel loyalty programs. 

Venture X was designed to cater to the needs of travelers who seek premium rewards, exclusive benefits, and flexibility in their travel experiences while not having to invest large amounts of money with its fees. 

Additionally, the card provides impressive benefits for everyday life, acknowledging that most individuals only spend a portion of their time traveling. 

Keep reading if you are curious about how you can experience the best vacation or business trip while enjoying benefits that have the potential to offset your annual fees and pay you to use them. 

What Are Venture X’s Benefits?

Credit One Venture X offers you excellent deals that will not only help you to even its annual fee but will pay you to use it.

75,000 miles welcome bonus 

First, you get 75,000 miles as a welcome bonus if you spend $4,000 on purchases within the first three months of account opening. That is $1,333.33 monthly for groceries, health insurance, gas, etc. 

Considering that Venture X earns you at least two miles per dollar in all transactions, the $4k spent to qualify for the welcome bonus should also earn you at least 8,000 miles — 83,000 miles in total!

10,000-anniversary bonus

But that would not be impressive if it only happened when you opened your account. Starting on your first anniversary, you get 10,000 bonus miles every year.

$300 annual travel credit 

Additionally, you can book your trips through Capital One Travel and receive an annual travel credit of $300. 

One of its best quality-of-life features comes into play when you find a better price somewhere else but want to book with the Capital One Travel portal to cash in on those mile multipliers. 

Capital One offers a price matching feature that gives you a travel credit within the portal to cover the difference if you call them within 24 hours of booking.

Spending Multipliers

Right from the start, you receive 2x miles on any purchase you make, regardless of the category, which is miles ahead of other cards on the market. 

So, instead of creating a chart to remember which of your cards is best for the pet shop and which one is best for paying the mechanic, Venture X is easy. 

The bare minimum you make is 2x points per dollar spent on any purchase. You can get this multiplier by paying for groceries, gas, or health insurance, regardless of the category. 

That alone is phenomenal, but it gets even better when you see what you earn for your travel expenses using Capital One Travel.

If you use Capital One Travel for travel-related expenses, you earn 5x miles on flights and 10x miles on hotels and rental cars booked through the portal. 

With these multipliers coming into play, there is the potential to even out most of your travel-related expenses.

Let’s Do Some Math…

The annual fee for this card is $395, which might discourage some people from considering it. 

But, you can easily offset the costs by the financial benefits offered to the cardholder, and the final balance may end up meaning that Capital One pays you to use it. 

Consider the 1 cent per mile rate you get when you redeem your miles through the Capital One portal. You can make more than that, but more on that later.

If you travel at least once a year, you get at least $1130 in travel credit in the first year alone. 

That is $300 from the annual travel credit plus $830 from the welcome bonus after adding the miles earned from the minimum initial expenditure to qualify for this bonus. And that does not even consider all the other benefits.

From the second year on, you can earn at least $400. You still make $300 from the annual travel credit plus $100 from the anniversary bonus. 

Again, that is the bare minimum you can get if you travel at least once a year.

As said before, you only spend that $395 annual fee but make money using Venture X instead.

If you do not travel enough to be able to make use of all Venture X’s benefits but are interested in the point multipliers, consider Capital One Venture Rewards. 

For an annual fee of $95, it offers your 2x miles multiplier, 75k miles welcome bonus, and many other benefits similar to Venture X. 

Redeeming Miles For The Best Conversion Rate 

So, what is the best way to transform all those miles into an honest-to-good, lazy afternoon in a hammock, drinking coconut water from a straw?

Capital One offers many good options for transferring your miles with the 15+ partners available with travel loyalty programs, with rates up to a 1:1 ratio. 

This way, you can redeem your miles with a partner that pays better for each mile. You generally get 2 to 3 cents per mile, and you have the chance to earn even more.

Even More Benefits

• Airport lounge access with up to 2 guests per card;
• Up to 4 free additional authorized cardholders with no extra fee and most of the same benefits;
• US$100 credit for Global Entry or TSA PreCheck® every four years;
• No foreign transaction fees;
• There is no expiration date on miles and no blackout dates.

How Do I Apply For Capital One Venture X? 

It is straightforward to get your brand new Venture X card. All you need to do is register with the issuing bank. 

Capital One’s requirements to be eligible to apply for the card include but are not limited to a good to excellent credit score, stable income, and at least 18 years old. 

During the application process, they can also consider other factors, such as employment status, existing debt, and credit history.

So, now that you know the way, just put a map and compass in a backpack, put your Venture X in a pocket, and have safe travels!