Revamped Guide to the 2025 Capital One Venture X Rewards Credit Card
Is the Capital One Venture X's $395 annual charge warranted?
Ryan Smith & Olivia MittakEmail: [email protected] / [email protected] policyproduct review methodology
Editor's Note
In 2021, the Capital One Venture X Rewards Credit Card burst onto the scene, shaking up the travel credit card industry and challenging giants like Chase and American Express. Despite its steep $395 annual fee, this card is attractively priced compared to many cards in the premium category.
Fast forward to 2025, and we ask the question: Does the Venture X still offer enough top-notch benefits to justify keeping it in your wallet over three years later? Let's dive into what you get as a Venture X cardholder and weigh the pros and cons.
4X
Welcome Offer
Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
New card applicants can earn 75,000 bonus miles after making $4,000 in purchases within the initial three months.According to TPG's September 2025 valuations, these miles are worth approximately $1,388! This substantial bonus is thanks to Capital One adding more transfer partners and enhancing transfer ratios on multiple partners in recent years, making it easier to redeem your rewards for high-value experiences.
Switching gears, keep in mind that Capital One can be choosy when it comes to approving credit card applications. Be aware that the bank pays close attention to factors on your credit report, such as recent hard inquiries, new accounts, and overall balances with other issuers.
4X
Related: Our complete guide to credit card application restrictions
Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
Annual Travel Credit
Venture X cardholders receive an annual credit of $300 on bookings made through Capital One Travel.
3X
To utilize this credit, watch for booking purchases on Capital One Travel, as it applies at the time of checkout rather than as a statement credit for previous purchases.
Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
Although this credit is less than the annual $300 travel credit offered by the Chase Sapphire Reserve®, it's still easy to use, and it significantly offsets the card's $395 fee - provided you take advantage of it!
Downsides to using a third-party booking service include the fact that elite perks are usually not recognized for hotels and rental cars.
2X
However, Capital One has made significant strides in improving the travel booking experience, such as investing in Hopper, a booking platform, and adding customer-friendly features like price-drop prediction and a best-price guarantee.
Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
Related: How the Capital One Venture X travel credit can save you $300 on your next trip
Anniversary Bonus Miles
1X
Venture X cardholders can also look forward to a second annual benefit: 10,000 bonus miles for their account anniversary. These miles are best redeemed through Capital One's airline and hotel transfer partners.
Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
According to TPG's September 2025 valuations, 10,000 Capital One miles are worth approximately $185 when leveraging their transfer partners. If you redeem anniversary miles through Capital One Travel, you'll receive a more modest $100 in value.
Combining the $300 Capital One Travel credit with the 10,000 anniversary miles results in a minimum of $400 in value each year.
Related: Who should (and shouldn't) consider the Capital One Venture X?
Lounge Access
4X
Venture X cardholders are granted access to two types of lounges: Priority Pass and Capital One's own lounges. Both are available for the cardholder and up to two guests.
Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
Most notably, having the Venture X grants unlimited access to Capital One's lounges. Current locations include Dallas Fort Worth International Airport, Dulles International Airport, and Denver International Airport.
Upcoming locations at Las Vegas-Harry Reid International Airport (LAS) and John F. Kennedy International Airport (JFK) are in the works, although the exact opening dates are unknown at this time.
4X
As a Venture X cardholder, you'll also enjoy unlimited access to over 1,300 Priority Pass lounges worldwide.
Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
A day pass at a Capital One lounge usually costs $65, so this perk quickly adds up and can help justify the card's annual fee, especially for frequent flyers.
Related: Best credit cards for lounge access
3X
Car Rental Perks
Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
The Venture X offers two key benefits related to rental cars:
- A 10-mile earnings rate on all rental car bookings made through the Capital One Travel portal (instead of the standard 2 miles per dollar on rentals booked elsewhere).
- Top-tier Hertz President's Circle status*.
2X
Enroll through the Capital One website or mobile app for this perk. President's Circle status offers upgrades, priority access to car types, and a free additional driver, which typically costs $13.50 per day up to a maximum of $189 per rental.
Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
*Note: Enrolling through the regular Hertz Gold Plus Rewards enrollment process will not automatically detect you as eligible for the perk, and you won't automatically receive upgraded status. Additional terms apply.
Related: Stack rental car perks with Hertz and the Venture X
1X
Access to Luxury Hotel Programs
Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
The Venture X grants access to Capital One's Premier Collection and Lifestyle Collection boutique and luxury hotel programs. When booking through Capital One Travel, cardholders can pay with miles or cash. In either case, perks include room upgrades (when available), free breakfast for two, and an on-property credit.
Related: A comparison of luxury hotel programs from credit card issuers
Excellent Authorized User Perks
While many cards limit their best perks to the primary account holder, the Venture X doesn't. Cardholders can add multiple free authorized users to their account, with these users receiving benefits like lounge access, Priority Pass Select membership, travel and shopping protections, and TSA PreCheck or Global Entry reimbursement (once every four years).
These benefits for authorized users are a significant advantage when compared to perks offered by cards like the Platinum Card® from American Express (charging $195 for each additional card) and the Chase Sapphire Reserve ($75 per authorized user). This makes the Venture X an affordable choice for couples or families.
Related: Why you should add authorized users on the Capital One Venture X
Other Perks
As a Venture X cardholder, you can look forward to features such as TSA PreCheck or Global Entry reimbursement and various travel and shopping protections, such as trip cancellation and interruption insurance, travel delay reimbursement, lost luggage reimbursement, cellphone protection, primary rental car insurance, extended warranty, and return protection.
Related: 6 things to do when you get the Capital One Venture X
Bottom Line
The $300 annual credit and 10,000 anniversary bonus miles provide excellent value each year and more than justify the card's $395 annual fee. Remember, however, that these benefits deliver value only if you're using them. If you know you can't maximize the benefits of the Venture X, consider a different card.
For more information, check out our full review of the Capital One Venture X and learn about a traveler's experiences saving over $6,000 on a summer trip to France with the Capital One Venture X!
Learn More: Capital One Venture X
Related: How the Capital One Venture X travel credit can save you $300 on your next trip
*For Capital One products listed on this page, some benefits provided by Visa or Mastercard may vary by product. Check the respective Guide to Benefits for details; terms and exclusions apply.
*For rates and fees of the Amex Platinum, visit here.
Special Offers from Our Partners
Learn More* About The Business Platinum Card® from American ExpressSee rates & fees
Learn More American Express® Gold CardSee rates & fees
Learn More The Platinum Card® from American ExpressSee rates & fees
Learn More Capital One Venture X BusinessSee rates & fees
Learn More Capital One Venture XSee rates & fees
- The Capital One Venture X Rewards Credit Card, introduced in 2021, continues to challenge giants like Chase and American Express in the travel credit card industry.
- In the finance and banking-and-insurance industry, Capital One can be selective when approving credit card applications, considering factors like recent hard inquiries, new accounts, and overall balances with other issuers.
- The Venture X card offers 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, up to $50,000 annually, and 4X points on US supermarkets, up to $25,000 annually.
- New card applicants can earn 75,000 bonus miles after making $4,000 in purchases within the initial three months, a bonus worth around $1,388 according to TPG's September 2025 valuations.
- Venture X cardholders receive an annual credit of $300 on bookings made through Capital One Travel, applicable at the time of checkout rather than as a statement credit for previous purchases.
- In addition to the annual travel credit, Venture X cardholders can earn 10,000 bonus miles for their account anniversary, best redeemed through Capital One's airline and hotel transfer partners.
- The Venture X card also offers valuable perks such as lounge access, Priority Pass Select membership, travel and shopping protections, and TSA PreCheck or Global Entry reimbursement for authorized users, making it an affordable choice for couples or families.
