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The ongoing benefits of the Capital One venture X Rewards Credit card could end up paying the card’s $395 fee.
According to Credit Karma’s Total Value Value, the card’s benefits were worth $1,089 annually as of May 20, 2022. It is therefore one of our most valuable premium rewards cards.
Although other cards offer more potential value than the Capital One Venture X Reward Credit Card, its simplicity is what makes it stand out. The card is easy to use and flexible enough that it doesn’t require any strategizing.
Capital One Venture X Rewards Credit Card Benefits
Annual travel credit: $300
The Capital One Venture X rewards Credit Card offers a $300 annual travel credit. The travel credit can be used to pay for hotel and rental car bookings made directly through Capital One Travel.
Cardholders have the option to use this credit for common travel purchases, which gives them both simple value and the assurance that they will use it every year. The card’s annual fee is covered by the credit in full.
10,000 anniversary bonus mileage: $173
To celebrate account renewal, the Capital One Venture X Rewards Credit Card gives you 10,000 bonus mile each year. What’s the best part? The best part? You don’t have to spend anything to earn the anniversary bonus. All you need to do is keep your card open.
Based on Credit Karma point valuations, we estimate that the anniversary bonus could have a value of $173 if transferred to Capital One’s travel partner partners. It could be worth $100 if you choose to redeem the bonus directly through Capital One Travel.
Airport lounge access: $591
You can also use the Capital One Venture X Reward Credit Card to access multiple airport lounge networks while you wait for your flight.
The issuer’s Capital One lounges are free of charge, and would normally cost $65 per person. However, there are only a few Capital One Lounges that are currently available in U.S. airports.
A Priority Pass Select membership will be provided to you as a free gift. This membership can allow you access to more than 1,300 airport lounges worldwide.
Airport lounge access is not worth the cost if you intend to use it. You might not be able to get any value if you arrive at the airport in the last minute before your flight.
More Capital One Venture Credit Card Benefits
You may also be interested in the Capital One Venture X Reward Credit Card which offers a few other benefits.
- Global Entry and TSA PreCheck(r). Application fee statement credit $25 — Just like other travel cards, your application fee will be covered when your card is used to apply for expedited airport security programs. This program can cost up to $100 every four year. While this benefit isn’t unique or noteworthy for high-end cards, it is a way to get simple value out of your card membership. It amounts to $25 per year.
- Cellphone Protection — Capital One offers coverage up to $800 for your phone if it is lost or stolen. Although we don’t consider the $800 limit in our Total Value calculations, it is a valuable benefit that you may need.
- Hertz President’s Circle(r), status — While not everyone will need to rent a vehicle, this status can allow you to get upgrades and other amenities from Hertz.
- No foreign transaction fees — We consider this feature to be a must-have on any travel card, regardless of the annual fee.
Is the Capital One venture X Rewards Credit card Worth the Annual Fee?
The Capital One Venture X Reward Credit Card‘s $395 annually fee is quite affordable for a premium reward card. The card’s simple benefits make it easy for you to see if the card is worth your money.
The Capital One Venture X rewards credit card offers recurring credit access of $1,089 and flexible benefits that can be used every year.
The annual fee is worth it even if you don’t have airport lounge access or other benefits. The $300 annual travel credit, which can be used to book one trip through Capital One Travel and the 10,000 bonus miles that come with your card anniversary every year, can bring you at least $400 each year.
The Capital One VentureX Rewards Credit Card may be the right choice for you if you want to get a taste of premium rewards cards but don’t want an annual fee that is difficult to afford.
Alternatives to Capital One venture X Rewards Credit card
These cards might be better suited for you if Capital One VentureX Rewards Credit Card doesn’t suit your needs.