Capital One Venture X Premium Credit Card: You Can Apply Now

Note: This post was published on March 14, 2023. Card details and benefits may have changed since then.

October 2026 update: This article covers the Venture X launch in 2021. The Gold and Platinum comparison fees, Priority Pass restaurant and guest access, and authorized-user lounge benefits below reflect launch-era terms and have changed. Check current card terms before applying: Capital One issuer page or Your Best Credit Cards review.

Looking for our Venture X Business Card Review?

Capital One launched the Capital One Venture X Rewards Credit Card in 2021, and I thought it would excite many of you.

See the current Venture X offer here.

You may recall that in August of 2019, I wrote about speculation regarding a premium Capital One credit card. For fun, I’ll compare how the 2019 rumor compares to the final card product, but I’ll do that after (so as to not confuse the real offering).

Capital One Venture X

Called “Venture X” this new card is indeed Capital One’s premium consumer card offering, a step above the standard Capital One Venture Rewards Credit Card.

At launch, the Capital One Venture X card carried a $395 annual fee and offered the following earn rates and benefits:

• • 2X miles on every purchase
  • 10X miles on hotels and rental cars booked via Capital One Travel
  • 5X miles on flights booked via Capital One Travel
  • Up to a $300 credit annually for bookings made on Capital One Travel
  • 10,000 bonus miles every account anniversary (equal to $100 towards travel)
  • At launch, access to Capital One Lounges and 1,300+ Priority Pass lounges internationally, plus two guest passes. Capital One told me then that Priority Pass included airport restaurant locations (unlike Amex at the time); the current restaurant and guest-access rules differ.
  • At launch, up to $100 in statement credits for TSA PreCheck or Global Entry (the current benefit is up to $120)
  • Complimentary Hertz President’s Circle status (top tier!) for primary cardholders, authorized users and account managers
  • Car rental collision damage waiver is primary.
  • Visa Infinite level Trip Interruption / Cancellation coverage.
  • At launch, Authorized Users could be added for no fee and received their own Priority Pass membership; the current lounge benefit for additional cardholders may require a fee.
  • Cardholders can earn up to 100,000 miles per year for referring friends, who can then experience the unparalleled benefits Venture X has to offer (up to 4 referrals per year; 25,000 miles awarded per referral)
  • No foreign transaction fees

Capital One Venture X Early Spend Bonus Offer

The launch offer was 75,000 bonus miles after spending $4,000 on purchases in the first 3 months. As of October 2026, that points, spend and period combination also appears on the current Venture X card page. Check the exact terms available to you before applying.

Capital One Miles Recently Got Much Better

You can still redeem your Miles for travel at a penny a mile, but recall that Capital One recently greatly improved their transfer partner setup, with 15 airline and hotel transfer partners, almost all at a 1:1 transfer ratio. This makes the Capital One Venture X card even more compelling.

Capital One Travel Also Got Better

It’s now powered by Hopper, which provides generally better prices (not just than other credit card portals, but overall) as well as a unique ability to put tickets you are buying with Capital One Miles on hold for 14 days.

How Does This Compare to the 2019 Rumors?

I didn’t forget….

This is what we’d heard rumored in 2019:

• 10X points per dollar on hotels booked through the Capital One portal
• 5X points per dollar on airfare booked through the Capital One portal
• 4X points per dollar at restaurants
• 1X points per dollar on all other purchases
• Additional point bonuses at certain spend thresholds
• $300 travel credit
• $495 annual fee

As it turns out, we had it pretty much all wrong except the 10X / 5X earn rate for Capital One Travel Portal bookings and the $300 travel credit.

In the end, though, the new version is leaps and bounds better, so I’ll take it!

My Take on the Venture X

Well, I’m pretty impressed with the Venture X, I must say!

At launch, the $395 fee sounded like a lot. I was then paying a $250 annual fee on my American Express® Gold Card, and the Venture X seemed to come with a lot more benefits.

If you are taking advantage of the card benefits, that $300 in reimbursed travel via Capital One Travel brings your fee down to $95.

Then you get 10,000 Capital One Miles annually – which I value at $150 currently. Even at cash value, it’s worth $100.

So, at that point, you are being paid $5 (or $55 if using my valuation) to carry the card.

OK, so now that it’s essentially a card paying you to carry it, let’s see what other value you get:

• Priority Pass membership
• At launch, Priority Pass for authorized users was included without an extra fee; this later changed
• Cell phone insurance for you and authorized users
• At launch, the $100 TSA PreCheck/Global Entry credit if you needed it (now up to $120)
• Top tier Hertz President’s Circle status (the best upgrade pool – I am driving a Mercedes A220 from Hertz right now from the President’s Circle lot).
• Access to Capital One lounges (they look pretty good from the pictures)
• An early spend bonus worth at least $1,000 (I’d value around $1,500).

All of that is worth a LOT more than $0. For starters, unlimited Priority Pass lounge access is only a benefit on premium credit cards with high annual fees. At the time, Chase required its then-$550-annual-fee Chase Sapphire Reserve® (net $250 after its $300 travel credit) for Priority Pass. Venture X appeared to offer that benefit while more than offsetting its fee. I kind of didn’t get it!

And they also offered top tier Hertz President’s Circle status at launch. At the time, I compared that with the American Express Platinum Card®, which then had a $695 annual fee.

So yes, I think this is a good card.

Check the current Venture X offer here. (Using this link supports MilesTalk; review the terms presented before applying. Thank you for your support.)

The card may be arriving 2 years later than we originally thought – but it’s been worth the wait.

Obviously, the next step will be to compare the Capital One Venture X against the competition. And I will. But not now… I’m supposed to be mid-serenity and completely unplugged at Miraval this week – and yet, the news waits for no one 😉

Thoughts?

Let me know below in the comments, on Twitter, or in the private MilesTalk Facebook group. And don't forget to follow me on Instagram for all sorts of tips on miles, points, credit cards, and travel.

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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards. 

New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.