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
- 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.
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.