by Daniel | Last Updated Nov 10th, 2021
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If you’re looking for a straightforward travel card that has some really great benefits and a generous signup bonus, then the New Capital One Credit Card might be of interest to you.
In this review of the Capital One Venture X credit card, I’ll go over what the cards offer in terms of benefits and user perks, and then I’ll decide if the cards are worth it.
So Who Is This Card Good For?
The Capital One Venture X Card is a new mid-range travel credit card that is perfect for frequent travelers.
It offers some really good points earning potential, and access to the new Capital One Lounges and Priority Pass airport lounges all over the world.
APR
The APR for this card is between 16.99% and 23.99% depending on what your creditworthiness is,
and this rate will vary with the market depending on what the Prime rate is.
Annual Fee
Now the Capital One Venture X Card has an annual fee of $395, which is not cheap, but you can easily make back this amount and more if you utilize the card correctly.
Sign up Bonus
So when it comes to the sign-up bonus of this card, you can earn 100,000 bonus miles after you spend $10,000 in purchases within the first 6 months of opening the account.
And with miles being worth approximately 1 cent per mile, these points are worth approximately $1,000.
So already, just the sign-up bonus easily covers the annual fee of the card.
Earning Miles
Now when it comes to earning miles, this card has some pretty decent potential to earn a lot.
First of all, you can earn 10x miles per dollar spent on both hotels and rental cars that are booked through Capital One Travel.
Next up, you will earn 5x miles per dollar spent on flights that are booked through Capital One Travel.
And finally, you will earn 2x miles per dollar spent on all other purchases.
So clearly it offers the most points earning potential for travel-related purchases, so if you do travel a lot, you will earn a ton of bonus miles.
Benefits and User Perks
So from here let’s look at the benefits and user perks that are offered with this card.
First of all, you will receive a $300 annual travel credit that can be used for bookings made through Capital One Travel, and this will be provided in the way of a statement credit after you have made a booking.
Next up you will receive a $200 vacation rental credit that can be used within the first year of card ownership at rental merchants such as Airbnb, Turnkey, Vacasa, and VRBO.
And this will be received as a statement credit after you have made a booking.
You will get an anniversary bonus of 10,000 miles each year that is worth $100 that can be used towards travel.
Next up you will have access to airport lounges all over the world.
First of all, you will have unlimited access to Capital One Lounges which will initially open at Dallas-Fort Worth International Airport and then other airports across the US.
And these lounges will have a ton of nice amenities including fully stocked bars, a dining station, luggage lockers, cycling and yoga rooms, and more.
You will be able to bring 2 guests along for free per visit and any additional guest will incur a $45 fee.
Along with this, you will receive a complimentary membership with Priority Pass that will give you unlimited free access to more than 1,300 airport lounges from all over the world.
Next up you will receive a $100 credit that can be used at either Global Entry or TSA PreCheck, and either of these options is nice to have as it can help to speed up the amount of time you spend going through security.
And as this card is a Visa Infinite card, you will receive access to a lot of extra benefits such as Visa infinite Concierge service and premium benefits from the Visa Luxury Hotel collection, which gives you benefits such as automatic room upgrade upon arrival, complimentary continual breakfast daily, a $25 food or beverage credit and late check-out upon request.
And depending on how long you stay, some properties will give you a $100 credit that can be used at the hotel.
Another nice thing to know about this card is that it doesn’t have any foreign transaction fees.
Insurance-related Benefits
Now when it comes to insurance-related benefits, this card offers some really good coverage.
So first of all you will get cell phone protection that will cover up to $800 if your phone is damaged or stolen, and for this to be valid you must pay for your cell phone bill with the card.
Next up you will get an auto rental collision damage waiver that covers you for any physical damage, theft, and reasonable and customary towing.
And for this to be valid you must decline the collision damage waiver that is offered to you by the rental agency, make sure that your name is listed as the primary renter, and pay for the rental with the card.
You will also get lost luggage reimbursement that will cover up to a total of $3,000 per trip for theft or misdirection by a common carrier.
There is trip delay reimbursement that provides up to $500 per ticket if you’re held up for more than 6 hours due to a covered hazard or require an overnight stay.
And this covers you, the primary cardholder, your spouse, and any dependent children that are under the age of 22.
Next up you will receive trip cancellation/ trip interruption reimbursement that covers up to $2,000 per insured person in the event of injury, disease, physical illness, or death, and this covers you, the primary cardholder, your spouse, and any dependent children that are under the age of 22.
You will get return protection that covers purchases for up to $300 and for 90 days if the merchant won’t accept the return.
And finally, you will get extended warranty protection that gives you 1 extra year of coverage on eligible US manufacturers warranties that are 3 years or less.
Final Thoughts
So what are my thoughts about this card?
I think the new Capital One Venture X credit card is a great card as it offers some really nice perks, specifically when it comes to travel.
It’s easy to cover the cost of the annual fee with just the sign-up bonus and with all of the benefits and user perks, I think it’s definitely worth considering.
The new Capital One Venture X Card almost matches the Chase Sapphire Reserve card with all of its benefits but has an annual fee that is $155 cheaper.
So what do you think of this card?
Do you think it’s a better deal than the Chase Sapphire Reserve Card?