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When Capital One launched the $395-annual-fee Capital One Venture X Rewards Credit Card at the end of 2021, they created a premium travel credit full of enticing benefits. The card’s value is boosted by Capital One’s expanding list of airline transfer partners and is a no-brainer addition to any bonafide point collector’s arsenal.
In discussing the benefits of any travel credit card, there are four key aspects to consider: welcome bonuses, earning rates, redemption options and recurring perks. Beyond that, when discussing premium cards like the Venture X, it’s worthwhile to keep in mind the ongoing protections that are offered. While it may have taken the folks at Capital One a little longer to join the ranks of transferable-point currencies, the Venture X card was worth the wait.
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Generous Welcome Bonus
Currently, the Capital One Venture X offers 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening. Thanks to their wide-ranging list of transfer partners, that’s enough for a one-way business class plane ticket to almost anywhere in the world. Plus, the earning potential on this card is also fantastic, allowing you to quickly bolster your mileage balance.
Big Rewards for Travelers
Capital One has made it easy to accrue miles quickly, especially for those who spend money on travel. This card clearly prioritizes travel spend, as it earns a generous 2 miles per dollar on all eligible purchases, 5 miles per dollar on flights booked through Capital One Travel and 10 miles per dollar on hotels and rental cars when booking via Capital One Travel.
For those travelers who prefer to book their flights or hotels directly, without using an online travel agency like the one offered via the Capital One travel site, the Venture X card offers double miles on all other purchases across the board. This means that no matter what you’re purchasing with the Venture X card, you are guaranteed to be earning at least 2 miles per dollar spent.
Multiple Redemption Options
As a transferable-point currency, when it comes to redemptions Capital One offers three main options: Either you can transfer your Capital One Rewards to one of the issuer’s travel transfer partners directly (mostly at a 1:1 ratio), you can redeem miles for travel purchases or you can redeem directly through the Capital One Travel portal.
Transferring Miles to Airline Partners
Capital One took a huge step forward in Jan. 2019 when it gave cardholders the option of transferring their miles into partner-airline miles (as well as a hotel partner or two). At the time, it was a welcome change and a fantastic value bump for Capital One miles, despite the fact that miles transferred at a rate of 2:1.5 (or 0.75 airline miles for every one Capital One Rewards point). However, in June of 2022, Capital One improved the ratio to 1:1 for nearly all of its partners.
Having miles like this can be a huge benefit to travelers looking to push the envelope on the value of their miles with international business class redemptions. With a bit of research, you can unlock some true mileage-redemption gems by transferring points to programs like Etihad Guest, Aeroplan, FlyingBlue and others.
Redeeming for Travel Purchases
Redeeming directly through Capital One Travel means you can offset the cost of any retail travel purchase, regardless of whether there’s proper “mileage availability” or not. What’s great about this feature is that you don’t have to pay for the entire purchase with your points if you don’t want to—you can choose to simply offset part of the cost if you don’t have enough miles or simply prefer to save some for a future trip.
Redeeming in the Capital One Travel Portal
Interestingly, when it comes to redeeming miles for economy flights, booking through Capital One’s portal will often provide better value than transferring to partners. You can also use the portal to book hotel stays at properties where you don’t need to utilize elite benefits. Lastly, if you’re not a traveler, you can redeem your points at the same $0.01 per point value for gift cards directly through Capital One.
Recurring Perks
In addition to the ongoing travel and protection benefits, the Venture X card comes with three notable recurring perks: An anniversary bonus, an annual travel credit and a TSA PreCheck or Global Entry credit. It’s important to note, that while some benefits are extended to the cardholder as well as authorized users, these three recurring perks are only offered once for the entire account, not once per cardholder.
A 10,000 Mile Capital One Venture X Anniversary Bonus
Beginning with the second year of card membership, all Venture X cardholders will receive a 10,000-mile anniversary gift, valued at $100 towards travel when booked through Capital One. These points come with no strings attached and are deposited each year on your cardmember anniversary after paying the annual fee. As a result, they can be used in conjunction with your other points, in the same way as any other miles you may have earned in the previous year.
An Annual Travel Credit
In addition to an anniversary miles bonus, Capital One offers each Venture X cardholder with up to $300 in travel credits each year. This credit is valid towards any travel purchase made through the Capital One Travel portal. If you typically make your bookings directly with a hotel, airline and/or car rental company, don’t forget to make at least one booking via Capital One’s portal to take advantage of this generous annual offer.
A $100 Trusted Traveler Application Fee Credit
As is the case with other premium travel credit cards, the Capital One Venture X offers a $100 credit towards either a TSA PreCheck or Global Entry application fee. A nice bonus with this perk is that either the primary cardholder or an authorized user could use this credit, However, be aware the credit can only be used once per valid period so it’s best that you and any authorized users are in sync about who gets to take that application fee credit.
Other Valuable Benefits
After reviewing the rewards structure of a credit card, especially one in the travel space, the “extras” merit serious consideration too. Nearly all premium rewards cards offer welcome bonuses, annual or recurring perks and some type of category spend-bonuses to incentivize using their product. Beyond all that, some of the lesser-touted benefits on the Venture X, such as travel and purchase protection, price watching and lounge access make this card shine.
Primary Auto Rental Coverage
You never know when things will go wrong, but thankfully, the Venture X has you covered in multiple scenarios.
When you pay for the entire car rental with your Venture X card and waive any collision damage or loss damage coverage offered by the agency, paying with the card acts as primary rental insurance for up to $75,000¹. This can save you money on the total cost of your rental as most car rental companies tack on an additional fee for more comprehensive coverage.
Elite Status With Hertz
All cardmembers, including authorized users, can enroll in complimentary President’s Circle status with Hertz Rental Cars², which is their highest level of status and entitles you to perks like skipping the counter and heading straight to your car at select locations and a free automatic car class upgrade.
Trip Insurances and Protections
Another useful set of benefits that come with the Venture X card are the trip delay¹, cancelation and interruption¹ protections you receive. The benefits cover you for up to $500 for a flight delayed more than six hours, if the tickets were purchased with the Venture X card and were booked on a commercial flight. Although you’re only entitled to one claim per trip, each person in your party can file a claim.
The card also offers interruption and cancellation insurance, which is good for up to $2,000 for any trip canceled for a covered reason. Non-refundable travel purchases made with the Venture X card including tours, hotels and flights are covered under this benefit.
Purchase Protections
In a world where swiping our cards has become second nature and purchasing things online is more common than ever, having a card with purchase protection can give you peace of mind. The Capital One Venture X Rewards Credit Card comes with three main purchase protection benefits, which they break down as Purchase Security¹, Extended Warranty¹, and Return Protection¹.
The Purchase Security protects you and your items in the event of theft or damage. These claims are generally quite involved and almost always require a police report or other official documentation, but the benefit covers you up to a maximum of $10,000 per item and up to $50,000 per year. What’s best is that you only have to have paid for at least part of the item with your Venture X, rather than needing to have paid for the entire purchase.
The Extended Warranty coverage offers a one year extension on warranty for any products that come with a built-in warranty of three years or less. The benefit here is capped at $10,000 per claim and $50,000 per calendar year, but if your item is worth less than the $10,000 limit you can’t claim beyond the value.
Last but not least, is one that is tough to find outside the premium travel credit card space: Return Protection. Any time you have an eligible item that you purchased using your Venture X and wish to return it within 90 days, but the merchant is unwilling to accept your return, you can apply for reimbursement of the item via Capital One up to a maximum value of $300 per item up to $1,000 maximum per year.
Appealing Authorized User Access
This particular perk is one worth mentioning for those looking to get their kids or other family members on a fast track towards good credit. Generally speaking, most banks require authorized users to be a certain age before officially adding them onto the account with a Social Security number. The Capital One Venture X card, however, allows you to add anyone as an authorized user at no additional fee. This is quite useful for parents who want to jumpstart their children’s’ credit profiles.
Expansive Lounge Access
Ownership of the Venture X card unlocks access to three separate airport lounge groups. Cardholders can visit the issuer’s Capital One Lounges. As of Sept. 2022, the only operating one is at Dallas-Fort Worth International Airport (DFW), but two more will soon be open at Denver International Airport (DEN) and Washington, D.C.’s Dulles Airport (IAD).
Venture X cardholders can also request a complimentary Priority Pass Select card, which would entitle them access to the Priority Pass global lounge network. And cardholders also get access to Plaza Premium lounges worldwide. Unique among premium cards is that the lounge access benefit is extended to include even authorized users and includes entry for the cardholder plus two guests.
Cell Phone Protection
Offering a cell phone protection benefit has become increasingly popular among credit card issuers. To take advantage of this benefit on the Venture X card, simply pay for your full cell phone plan each month with the card and in turn, you’ll receive coverage for up to $800 per eligible claim, up to two claims per year, minus a $50 deductible per claim¹. Although theft is not included, missing and broken parts, including screen repairs, are covered under this protection.
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Bottom Line
From welcome bonuses to generous earning rates, and from high-value redemption options to valuable protections and useful benefits, the Capital One Venture X stands tall in the crowded field of premium travel credit cards.
¹For Capital One products listed on this page, 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.
²Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.
FAQs
Is venture x card hard to get approved? ›
Simply put, if you have excellent credit, fewer than 6 new credit cards opened in the last 2 years, and a credit history of 3 years or longer, you'll have a good shot at getting approved. Also, be sure not to apply for any credit cards for at least a week before your Capital One Venture X card application.
Is Capital One Venture X hard to get approved? ›The Capital One Venture X Rewards Credit Card requires at least a 720 credit score. You'll want to make sure you have a high enough credit score and can afford the $395 annual fee before applying for this credit card to avoid damaging your credit score and increase your chances of acceptance.
What score is needed for Capital One Venture X? ›Bottom line. To qualify for the Capital One Venture Rewards Credit Card, you'll likely need to have a good credit score of at least 670, although having a higher credit score would only improve your chances of approval.
What is the maximum credit limit for Capital One Venture? ›Capital One Venture Rewards Credit Card
It also provides a reasonable interest rate and a good rewards rate. As a Visa Signature rewards card, you can expect a minimum credit limit of $5,000. However, customers report limits as high as $50,000, coupled with an accommodating attitude toward credit line increases.
Applicants must provide their previous two years' W-2's, and their most recent pay stub. The pay stub must be computer-generated, include year-to-date earnings and taxes withheld, contain no alterations, and must have been issued within 40 days of the faxed date.
Why did I get denied for Capital One Venture card? ›A credit card issuer has to make sure you have enough income to make the required payments for your card. If you don't have enough income to make the minimum payments, you might not be approved.
Does Capital One approve instantly? ›How long does it take for Capital One to approve a credit card? Often you'll get an approval for a new Capital One credit card in just a minute or 2. If you don't get immediate approval, you'll get a written decision within 7 to 10 days.
What is the minimum credit limit for Capital One Venture One? ›Capital One Venture Credit Limit
Since the Capital One Venture is a Visa Signature card, your minimum credit limit will be $5,000. Well-qualified applicants mentioned their credit limit was as high as $30,000. Other applicants with credit scores between 700 and 750 were assigned limits of at least $10,000.
Automatic credit limit increase to $500 after making your first 5 monthly payments on time is for card holders that are on the capital one credit steps program.
What is the credit limit for Capital One with a 700 credit score? ›You can get a Capital One Quicksilver credit limit of $10,000 if your credit score and overall creditworthiness are good enough. You will need at least good credit (a credit score of 700+). But the higher your credit score is, the better are your chances of getting a $10,000 credit limit.
What credit limit can I get with a 750 credit score? ›
| VantageScore 3.0 credit score range | Average credit card limit |
|---|---|
| 300–640 | $3,481.02 |
| 640–700 | $4,735.10 |
| 700–750 | $5,968.01 |
| 750+ | $8,954.33 |
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.
How do I increase my Capital One Venture credit limit? ›How to request a credit limit increase. You'll need to give us some information like your total annual income, employment status and monthly mortgage or rent payment, so have that handy. Then, request a credit line increase and follow the directions to accept your new credit limit, if approved.
Can I go over my 300 credit limit Capital One? ›The Capital One over-the-limit fee is $0. Capital One no longer charges over-limit fees for credit card transactions that exceed a cardholder's credit limit.
Can you buy a car with a credit card? ›In general, car dealerships accept credit cards. You might even be able to use a card to buy a vehicle. However, it's more likely that the dealership will take a credit card for a down payment or a part of the down payment up to a certain amount. For you, using a credit card is a convenience or maybe a necessity.
What should I put as my annual income for a credit card? ›For a credit card application, you will need to report your gross income, which is your annual salary before taxes and other deductions. Your net income is the amount you get in your paycheck after those deductions.
Does Capital One check income for credit increase? ›Make sure to provide Capital One with accurate qualifying information like total annual income, employment status and monthly mortgage or rent payment. Capital One uses this information to determine whether a cardholder is eligible for a credit limit increase.
Do credit card companies check your salary? ›Yes, credit cards do check your income when you apply. Credit card issuers are required by law to consider your ability to repay debt prior to extending a new line of credit. So, listing your annual income is a requirement on every credit card application.
Does Capital One approve everyone? ›You need a credit score of at least 700 (good credit) for the best Capital One credit card offers. However, other options are available for people with lower scores. It is possible to get approved for a credit card from Capital One with limited credit history or a bad credit score, for example.
Does 7 10 days mean denial? ›7-10 Days Status Message
A 7-10 day message typically means that your application has been denied. You can either wait for the rejection letter or call Chase reconsideration line at 1-888-270-2127 and plead your case. In some situations, Chase merely needs to verify some of your information.
Does it hurt your credit score if you get denied? ›
Does Getting Denied for a Credit Card Hurt Your Credit Score? By itself, a denied credit card application won't have any impact on your credit scores. However, every time you apply for any type of new credit, it results in a hard inquiry on your credit report.
What credit score does Capital One approve? ›You need a credit score of at least 700 (good credit) for the best Capital One credit card offers. However, other options are available for people with lower scores. It is possible to get approved for a credit card from Capital One with limited credit history or a bad credit score, for example.
Can you have 3 Capital One cards? ›How many Capital One cards can I have? Cardholders can have up to five open personal credit card accounts, but this may vary based on the specific cards held and the cardholder's account standing.
What is the highest credit limit for Capital One Quicksilver? ›The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history. According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000.
Why won t Capital One increase my limit? ›The most common reasons Capital One may decline a credit limit increase request include: Your credit card account is not old enough. You've received a credit limit increase in the last six months. You've been past due on your account in the last several months.
How many months should I wait to increase my credit limit? ›Before you get started on your request, consider the three qualifications: You generally need to be a cardholder for at least three months. You typically can only request an increase once every six months. Card issuers may review your credit report if you request a specific credit limit.
Why did my credit limit decrease Capital One? ›Your credit card limit could have been decreased for several reasons, such as missing payments (including on a different card or loan) or changes in income. This could lead the issuer to assess that the risk of you missing payments in the future has increased.
What is a respectable credit limit? ›A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt.
Is a $30000 credit limit good? ›Yes, a $30,000 credit limit is very good, as it is well above the average credit limit in America. The average credit card limit overall is around $13,000, and people who have limits as high as $30,000 typically have good to excellent credit, a high income and little to no existing debt.
Is a $7000 credit limit good or bad? ›As such, if you have one of these cards, you might consider a $5,000 credit limit to be bad and a limit of $10,000 or more to be good. Overall, any credit limit of five figures or more is broadly accepted as a high credit limit.
Can I get a 20k loan with 750 credit score? ›
You should have a 640 or higher credit score in order to qualify for a $20,000 personal loan. If you have bad or fair credit you may not qualify for the lowest rates. However, in order to rebuild your credit you may have to pay higher interest rates and make on-time payments.
Is a 15k credit limit good? ›Yes, a $15,000 credit limit is good, as it is above the national average. The average credit card limit overall is around $13,000, and people who have higher limits than that typically have good to excellent credit, a high income and little to no existing debt.
How rare is a 750 credit score? ›Your credit score helps lenders decide if you qualify for products like credit cards and loans, and your interest rate. You are one of the 46% of Americans who had a score of 750 or above in 2021, according to credit scoring company FICO. Here's how your 750 credit score can affect your financial life.
How many credit cards should I have open at 18? ›Because the average age of accounts is so important to your overall credit score, you'll want to help your child pick at least one or two options that are no annual fee cards that they plan to keep long-term. Having one or two really old cards will help their credit score down the road.
How many credit cards do you need to get a 800 credit score? ›Consumers with 800+ credit scores have an average of 8.3 open accounts. High credit score consumers have an average of 8.3 open accounts — similar to the 7.9 we found in 2021.
What is the average credit score for Americans? ›How do average credit scores compare state by state? The average credit score in the United States as of February 2021 is 698 based on the VantageScore 3.0 credit score model.
How much does Capital One increase credit limit after 6 months? ›Capital One automatically considers you for a higher credit limit after six months of on-time payments, and one member on myFICO® Forums said that cardholders may receive a $100 increase after their second or third billing statement.
Do credit cards increase your limit without telling you? ›You can ask for a credit limit increase on an existing credit card. A credit card company may also increase your limit without a request from you.
How much credit limit should I have? ›There's no magic amount of credit that a person “should” have. Take as much credit as you're offered, try to keep your credit usage below 30 percent of your available credit and pay off your balances regularly. With responsible use and better credit card habits, you can maintain a good credit score.
What happens if I max my credit limit but pay it off? ›This can drag down your credit score. Even maxing out your credit card and paying in full can cause your score to drop.
What happens if I go over my credit limit but pay it off immediately? ›
If it is a one-time event and you quickly pay your balance so that it is well below the limit, it may have little or no impact on your credit report. But if you tend to stay close to your limit and go over your credit limit repeatedly, your credit score will suffer.
Does it hurt to ask for a credit increase? ›Although a credit limit increase is generally good for your credit, requesting one could temporarily ding your score. That's because credit card issuers will sometimes perform a hard pull on your credit to verify you meet their standards for the higher limit.
Who qualifies for a black card? ›How much do you have to make to get Amex's black card? There aren't any income requirements per se, but you most likely need to be a high spender on your Amex cards. If you're in the ballpark of $250,000 to $500,000 in annual spending across all your open Amex cards, you may qualify for the Centurion card.
What is the limit of a black card? ›What is the spending limit on the American Express Black Card? There is no spending limit with the Amex Black Card.
What is the average spending limit for most Americans? ›What's considered a “normal” credit limit in the U.S.? While limits may vary by age and location, on average Americans have a total credit limit of $22,751 across all their credit cards, according to the latest 2019 Experian data.
What credit score do you need for a venture card? ›Summary Credit Score for Capital One Venture Approval
So what credit score is needed for the Capital One Venture Card? You should only apply when your credit score is at least 700, but preferably 750 or higher. Once you qualify for the Capital One Venture Card, you'll begin earning at least 2x miles on every purchase.
Once it's approved, many credit card issuers, including Capital One, say you can expect to receive your new card in the mail within 7 to 10 days. If you reported your card lost or stolen, a replacement credit card will likely be delivered within 1 to 7 days.
What is the lowest credit limit on Capital One Venture card? ›The Capital One Venture Rewards Credit Card is a Visa Signature card. This means the lowest possible credit limit is $5,000. Having a score closer to 750 or above means you are more likely to get a credit limit that's at least $10,000.
What is the 6 month rule for Capital One? ›Capital One also has a hard-and-fast rule when timing your applications. You're only able to get approved for one card every six months. This lumps personal and small-business cards together.