Capital One Venture X Rewards Credit Card

Rewards Rates

Current Offer (February 2026)

Earn 75,000 bonus miles after spending $4,000 on purchases within the first 3 months. At Capital One's standard 1¢/mile redemption, that's $750. But miles transferred to partners like Air Canada Aeroplan, Turkish Miles&Smiles, or Avianca LifeMiles consistently yield 1.5–2.5¢ each, pushing the bonus toward $1,100–$1,875 in real travel value.

The card also comes with a $300 annual travel credit, applied as statement credits for purchases made through Capital One Travel. This alone covers most of the $395 fee before you've even earned a point.

The Annual Fee Math

On paper: $395. In practice, significantly less. Here's the full picture for a cardholder who uses the benefits:

• $300 travel credit (via Capital One Travel portal) = $300 offset
• 10,000 anniversary miles each year = ~$170 in travel value at 1.7¢/mile
• Effective annual cost: ~$395 − $300 − $170 = −$75 — the card mathematically pays for itself before you spend a dollar on rewards

This math assumes you use the travel credit and redeem miles at a reasonable rate. If you don't travel enough to use the portal credit, the value proposition weakens considerably.

Lounge Access

The Venture X includes Priority Pass Select membership, giving access to 1,300+ airport lounges worldwide. It also provides access to Capital One's own airport lounges (currently in Dallas DFW, Denver, and Washington Dulles), which are among the best domestic airport lounges available to any credit card holder. You can bring two guests per visit for free; additional guests pay $45 each.

Transfer Partners

Capital One miles transfer 1:1 to 15+ airline and hotel partners including Air Canada Aeroplan, Turkish Airlines Miles&Smiles, Avianca LifeMiles, British Airways Avios, Air France/KLM Flying Blue, EVA Air, and Singapore Airlines KrisFlyer. The sweet spot transfers are Turkish Miles&Smiles (for Star Alliance redemptions) and Avianca LifeMiles, both of which regularly offer discounted redemptions for business and first class flights.

Who Should Get the Venture X?

The Venture X is genuinely one of the best-value premium cards in the market if you travel regularly and will use the Capital One Travel portal for at least $300 in bookings per year. For someone deciding between this and the Amex Platinum ($695), the Venture X delivers roughly 80% of the travel benefits at $300 less per year.

It's less ideal if you don't book travel through portals, already hold an airline-specific card, or prefer the prestige and Centurion Lounge access of the Amex Platinum.

Rewards at a Glance

Pros & Cons