This post is not presented by Capital One.
There’s been a lot of talk this week about the Capital One Venture X credit card and rightfully so, as it represents the biggest credit card launch since the Chase Sapphire Reserve. For all the hype, the bottom line is this: it is an amazing card that competes with the best card products from Chase and American Express. It is a card I will gladly add to my wallet.
Capital One Venture X: The Perks
First, it must be noted that the Capital One program has greatly improved over the last two years. So much so that what was once an irrelevant cashback program is now in the same league with Membership Rewards and Ultimate Rewards as a valuable and flexible currency to send to airline partners, including:
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France-KLM Flying Blue
- Avianca LifeMiles
- British Airways Executive Club
- Cathay Pacific Asia Miles
- Emirates Skywards
- Etihad Guest
- EVA Air Infinity MileageLands
- Finnair Plus
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Air Portugal Miles&Go
- Turkish Airlines Miles&Smiles
Now, Capital One has introduced a new credit card called the Venture X that rivals the American Express Platinum and Chase Sapphire Reserve.
Let’s review the perks of this card:
- Earn 100,000 bonus miles after spending $10,000 on purchases within the first six months
- Lounge access at Capital One or Priority Pass lounges (including restaurants) with two guests
- $200 in statement credits for vacation rentals (incudling Airbnb and VRBO)
- This is a temporary promotion and must be used within the first year of opening the card on a single purchase greater than or equal to $200.
- $300 in annual statement credit for hotel, flight, or car rental bookings made through Capital One Travel
- 10x Venture miles on hotels and rental cars booked via Capital One Travel
- 5x Venture miles on flights booked via Capital One Travel
- 2x Venture miles on all other purchases
- No cost to add up to four authorized users
- Authorized users receive the same lounge access benefits including their own Priority Pass membership
- No foreign transaction fees
- 10,000 anniversary miles each year
- Pre-Check or Global Entry rebate
- Once every four years
- Hertz President’s Circle status
- Insurance
- Trip Delay – up to $500
- Lost Luggage – up to $3,000
- Mobile Phone – full protection minus $50 deductible
- Car Rental – full coverage for damage
The annual fee is $395, which more than pays for itself with the perks above, not even considering the sign-up bonus. Keep in mind you need good to excellent credit to apply for this card, though there is no concrete lower threshold for approval.
CONCLUSION
If you do wish to sign-up for this card, consider signing up here to support Live and Let’s Fly (you’ll need to scroll down to find the application link)
But wherever you do sign up, please do sign up – this is an amazing card that should have a special place in your wallet.
In this case, I think the hype is warranted and this card truly is worthy of the positive attention it has received. As for a direct comparison between the Chase Sapphire Reserve and this card, it’s not so much about which card is better (that depends upon what you value), but whether this card is worth having, and it certainly is.
do you get unlimited access to capital one lounge?
Yes.
A lot of advantages of this new card, but $10,000 in six months. Unless I had a large purchase to make, a bit tough for me.
(FYI – I just used your Antigua coffee shop recommendations. Both were great shops! 12 Onzas was quite impressed that you mentioned it in LandLF.)
Thanks Steve! Hope you enjoyed some great coffee!
@ Matthew — Well, you see traffic on a certain blog is steadily declining. This is an example of why. The amount of greed displayed by some bloggers is absurd,
If you mean Ben, I guess I don’t see the issue. Sure, a ton of Capital One posts, but even if he wasn’t paid, it is an objectively good card and he is still churning out a lot of non-credit card content.
It’s more the wallpaper, though Leff may have beat him to that punch.
Lucky also chose to make his blog much more woke. I rarely read it anymore.
Couldn’t agree more…I dropped him from my reading.
I also appreciate that Matthew doesn’t get in our faces with the affiliate marketing.
I don’t really understand why people get so uptight or angry when bloggers post on any # of topics. These are FREE blogs. If you don’t want to read a post then just skip over it. Who cares if they are getting paid. Most of the bloggers come across as objective.
I got this new card and impressed. It’s a good card with great benefits and basically FREE when you factor in the annual benefits. Heck, the first year you make money. Also, the buying platform is solid with a LOT of discounts. Seems like Capital One is trying to copy Rakuten type platform so there are big discounts there too which no one is talking about.
They fed ex’d my card so I got it literally 3 days after being accepted. The card is heavy and looks great too.
“This post is not presented by Capital One.”
Hah! That makes my day.
When seeing the post, before clicking, I was about to add something like that in the comments.
I am glad you had it.
Nothing wrong to be sponsored. But that was funny to see the ad on some bloggers.
And it is more fun not to see it on your blog.
Thank you.
:-)))
Thanks for covering this. I applied for mine on launch day, approved instantly, got it in the mail 3 days later. It’s a heavy metal card, heavier than my Amex Delta Platinum and CSR. Currently $300/$10k spend…
Great cover in hopefully a single post. Please do not follow other bloggers that have been only writing about this card non stop.
This is just an example of how this site is way above the other similar sites. Congrats for standing out, specialty during this hard times.
I applied last week, unfortunately. Next card I do apply for I’ll definitely go through you. Love reading your content and want to support the site. How’s your award booking business? Picking up now that international travel is increasing?
Matt, if a reader uses the link on your website to apply for this (or another) credit card , it routes us to the OMATT website. Do you still get at least some credit for the referral? Just making sure…
We do – thanks for asking. We partner with OMAAT when it comes to credit card affiliate links.
At least we know why you’re always so defensive. Thanks for the transparency.
Ben and I have been friends for over 15 years. It has nothing to do with the few bucks I make from credit card sign-ups.
Can we just purchase a $200 gift certificate from AirBnb and get the rebate?
Your description of how to use the $200 rental credit is incorrect. Go read the fine print on the Cap1 site. It has a cap of up to $200 but can be used on more on multiple purchases.
Serious question: where is the best place to redeem? Don’t see an obvious airline transfer partners and my go-to for other currencies (Hyatt) isn’t an option. Most of the value of a card to me is on points accrued from spend and on that basis the card looks fine but not overly exciting.
I am still trying to figure that out, even though I already got the card… lol
Personally, it looks like I will be shooting for an Emirates Skywards J from East Coast > DXB for 72k miles one-way in an A380, or maybe F if that becomes available.
I have shopped around at FinnAir and Flying Blue but their points value seem to be garbage for the itineraries that I looked at.
But Flying Blue has some amazing deals if you just fly business class on AF/KL between USA/Canada and Europe (including Israel and Morocco) – sometimes as low as 52K mile one-way.
Said deal is about as rare to me as the 110k points in ANA F using VA points, which is as far as I am concerned, non-existent.
I’m currently enjoying 15X on my Amex Plat thanks to Frequent Miler directing me to the Resy offer. My 6 months expire at the end of January, so I hope the 100K offer on this card is still up and running then. It’s funny, aside from the lounge in DFW, I really don’t have any need for this card, so I’m rather indifferent about it, but my rational side knows it’s too good not to have.