Enough already. If I wanted to spend my weekends using Excel spreadsheets I’d become an accountant. I don’t want any more credit cards that require me to keep detailed books and tabs on my “benefits”, just to justify the annual fee.
I just want an awesome credit card that rewards my spending handsomely, and gives me easy wins I can justify carrying the card for, from day one and every day after that.
No more math, no more making me sign up for things I don’t really want or need, but feel like I need, just to get better value out of my credit card.
Finally, Capital One has given us the new premium rewards credit card we all deserve, which pretty much does just that — and more.
Capital One Venture X
The Capital One Venture X really is the credit card we all deserve. The annual fee is $395, but each year you get $400 in card value right away — and each year thereafter too. There’s no clipping through coupons every weekend to justify the card.
For this limited time launch, that figure is much-much higher, too! The TL;DR version is that this new Capital One card is…
- Big Earning: Up To 10X Per Dollar.
- Easy Rewards: Simple Credits And Perks, Including Lounge Access.
- Revolutionary: New Travel Protections.
- Perks For Family: Benefits For Users Without Fees.
Venture X: The Initial Rewards
Each year, Capital One Venture X offers a simple $300 travel credit, which covers $300 of any travel purchase made on Capital One Travel, even if the overall amount is more. This can include flights, cruises, car rentals.
On top of this, you also get 10,000 points, annually which is enough to erase up to a $100 purchase on your account, or to simply use as 10,000 miles with the Capital One airline or hotel transfer partners of your choosing, like Emirates or British Airways.
For the first year, it’s even better.
Capital One is offering a 100,000 point welcome bonus after spending $10,000 within the first 6 months of holding the card, and also an additional $200 first year credit for any Airbnb or VRBO purchases, on top of the annual $300 Capital One Travel credit.
There’s your annual fee back right away, plus 100,000 transferrable points and an extra $200 Airbnb/VRBO bonus, so then it’s all about what the card can do for you and why it matters. Answer: quite a lot. Some things, 10X Miles at a time!
Getting Approved For A Capital One Venture X Card?
Early reports suggest that it’s easier to get this incredible new card than it’s been to get many other Capital One cards historically.
Even people with more than one new Capital One Card in the last six months are being approved, as are people who already have two or more card total Capital One cards.
If you’ve got excellent credit and don’t mind adding a new inquiry, that seems to do the trick, based on the data points we’ve seen. This is an exciting update, and most people are being approved with credit lines north of $20,000, since the minimum line is $10k!
Venture X: The Card Perks
What separates Capital One’s Venture X from the Venture Card? Massive earning, airport lounge access and a $300 annual travel credit, among others. The travel delay protections are also phenomenal.
A big difference with this Venture X card versus others, is that the included travel protections are things you actually want to use, rather than just things like collision coverage or trip delay insurance, which you really don’t want to use.
Capital One Venture X will earn 10X on hotels and car rentals through Capital One Travel and 5X on airfare via the same. For everything else, it’s 2X everywhere. There’s a lot more to this than just points earning though, as you’ll soon see.
Since Capital One Venture Miles can be redeemed at 1 cent per point of value toward travel, this effectively makes for a minimum of 2% cash back on all purchases, since the card earns at least 2X. On hotel purchases, you’re earning 10% back, which is big.
For what it’s worth, Capital One has also offered increased earning rates throughout the year on bespoke partners, with offers like 5X on UberEats, so it’s always possible to earn more on non travel spend with the card, via these opportunities.
Travel Protections: Price Drop & Freeze
Capital One is taking a different approach to the “use our travel site” game than Amex or Chase, so far. And yes, they all want you to use their travel booking sites very much.
Instead of just creating a travel booking site and offering more points for using it, Capital One bought travel tech company ‘Hopper’, so that it can offer new and unique benefits for cardmembers who do use it, in addition to the extra points.
Basically, there is real reason to use it, beyond points.
The most blockbuster of these Capital One moves is the new price prediction tool, which dishes out partial refunds to cardmembers when it’s wrong.
That prediction tool gives all cardmembers a refund on the difference in price, if it tells someone to book and then the price goes down. There are even bespoke new features like price lock, which lets you freeze a good deal for up to 14 days, and features like no hassle cancellations for full refund are said to be on the way.
Basically, they’re not just matching other sites like Expedia on the prices, but creating reasons to book with Capital One, which would be valid and tempting even for people who aren’t Capital One customers.
GSTP would argue that Capital One Travel offers the most consumer friendly air travel booking experience of any travel website, thanks to these price drop and lock features. Who wouldn’t want a price tracker and predictor that gives money back? It’s far better than what airlines offer their own customers.
Trip Delay & Other Protections Too
As you can see, there are lots of features that are really handy to use regularly within the travel protection space. But as one might hope, there’s plenty of coverage for the things you don’t want to use, like…
- Primary Rental Car Collision Waiver: This counts as up to $75,000 toward collision or damage as the primary cover for rentals.
- Trip Delay Coverage: Up to $500 per person for necessary items and hotels during trip delays. Super handy, as airlines continue to cut customer service policies!
- Lost Luggage Protection: If your bag fails to turn up, and the ticket was paid for using your Capital One Venture X Card, you can claim up to $3,000 for your lost items.
- Mobile Phone Protection: By paying your mobile phone bill with your card, you can claim up to $800, up to two times per 12 months, for lost, damaged and other phone issues.
Here’s a link to all the benefit fine print from Capital One, for another time.
Access To Perks For Your Family, And Other Users Too
One of the annoying features of many premium credit cards is paying for extra users like spouses, children or trusted friends to have access to the key cardmember perks.
Capital One will not charge any fees for supplementary cards, and things like lounge access to the new Capital One Lounges will be open both to the primary cardholder and also any authorized users.
Cardholders are also welcome to bring two guests per visit free of charge — and any guests after that would be charged at $45 per visit — a discount on the standard walk in price of $65 per visit for non-cardholders.
In other words, a parent could sign up for the card and order authorized user cards for all the kids and everyone would be able to use the benefits of the lounges when they travel, without any fees.
Top Tier Hertz Status Too!
Hertz Presidents Circle is the best elite status offered by the dynamic car rental company and it comes with your Venture X Card. This is particularly exciting, given that Hertz just signed a deal for 100,000 Tesla’s.
Why This Card Is A No Brainer
This card is a no brainer for a few reasons. It’s actually harder to think of an argument why not to get the card, than it is to drum up reasons to add the card to any portfolio.
The fact that you can combine your Venture Miles from the Capital One Venture X, with any other Capital One Venture Mile earning balances is pretty cool too! Here’s why this card makes sense, for just about everyone who actually travels at least a couple times a year…
- Access to 15 1:1 Transfer Partners: transfer points into airline miles with top loyalty programs, with a minimum of 2 miles earned per dollar spent on these partners.
- $400 of Value Toward $395 Annual Fee Every Year: Most credit card require you to do a bit more work before you break even on your annual fee. With this card, you’re getting 10,000 points worth at least $100 and $300 travel credit each year.
- Lounge & Guest Travel Benefits Too: Being able to get authorized user accounts for trusted family and friends allows perks to be shared with ease, and without annoying fees. Plus, the new Capital One Lounges are seriously nice.
- 10X Earning On Hotels And Car Rentals: As hotel loyalty programs become less rewarding, booking any hotel you want and earning 10X points, or the equivalent of 10% cash back is phenomenal.
This card is valuable purely on the basis of flight price drop protection, so when you add in rapidly expanding lounge access, crazy earning rates and this limited time VRBO and Airbnb credit, this is one of the best offers we’ve ever seen.
Capital One Venture X applications are now live, and you can apply here.