2023 Review: Capital One Venture X Rewards Credit Card

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Snapshot: The Capital One Venture X Rewards credit card is an ideal option for those with excellent credit who want a premium travel rewards credit card. Cardholders can earn up to 10 miles per dollar on travel booked through Capital One Travel and 2 miles per dollar on all other purchases.

ProsCons
Earn up to 10 miles per dollarannual_fees annual fee
Receive 10,000 bonus miles every yearMust have excellent credit
Earn a $300 statement credit when booking with Capital One TravelMiles aren’t as flexible as some travel rewards programs

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Full Review of Capital One Venture X Rewards Credit Card

The Capital One Venture X Rewards credit card is a premium travel rewards card. What does that mean? First (and most importantly) it means access to premium perks, like access to Capital One Lounges, hotel room upgrade options, and access to deals through Capital One Travel. It also means that the rewards that you’ll earn with this card will primarily be in the form of miles, unlike a cash back card, for example.

“Premium” also means that there is usually an annual fee (high) and strict credit requirements to qualify (excellent). This card does have an annual fee of annual_fees, which might seem high compared to other rewards cards, but is actually on the lower end compared to other premium travel cards. You will also need a credit score in the excellent range to qualify for the Capital One Venture X Rewards card.

So who do we recommend this for? The Capital One Venture X Rewards credit card is a great option if you’re a frequent traveler.

What You’ll Like About This Card

Miles Earned on Purchases

The most obvious benefit of the Capital One Venture X Rewards credit card is the amount of miles you can earn. You can earn 2 miles per dollar on all standard purchases with no category exclusions. And if you book your reservations through Capital One Travel, you can earn 5 miles per dollar on all flight reservations and 10 miles per dollar on hotel and car rental reservations.

Annual Rewards

In addition to a nice welcome bonus and ongoing rewards, you can receive consistent annual awards, like a $300 annual credit to use for bookings through Capital One Travel. You also get 10,000 bonus miles every year (starting on your first anniversary of opening your account).

Welcome Bonus

The Capital One Venture X Rewards card does have a welcome bonus. If you spend $4,000 on purchases in the first 3 months of opening your account, you can earn 75,000 bonus miles.

Note: This one-time bonus is available by clicking the “Learn How to Apply” button on this page, and may not be available if you navigate away from or close this page. The bonus may not be available for existing or previous Spark cardholders.

Extra Perks

The Capital One Venture X Rewards credit card also comes with all the features you would expect from a premium credit card, including free additional cardholders, $0 fraud protection, no foreign transaction fees and cell phone protection. 

Like what you see? Learn how to apply for the Capital One Venture X Rewards credit card

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The Drawbacks

Excellent Credit Required

The major drawback of the Capital One Venture X Rewards card is that you must have excellent credit to qualify. Generally, this is true of most premium rewards cards. If you’re looking for a rewards card for travel and are concerned about your credit, you may want to consider other options.

High Annual Fee

You also must pay a annual_fees annual fee. This might seem steep, but like we said above, this annual_fees fee isn’t as high as what other premium travel rewards cards charge.

Is It Worth It?

Yes, if you need the miles and are willing to book your reservations through Capital One Travel, this is a great deal for a premium travel card. Earn travel rewards on your everyday purchases, earn annual rewards, and gain access to premium perks – what more could you ask for?

Like what you see? Learn how to apply for the Capital One Venture X Rewards credit card

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Frequently Asked Questions

What Are The Credit Limits For Capital One Venture X Rewards Credit Card?

Capital One bases credit limits on your specific information, including your credit score and income level. Because Capital One doesn’t publish their credit limits (minimum or maximum) we can’t definitively tell you what to expect. We can tell you that your credit limit will be unique to you.

How Soon Can I Increase My Credit Limit After Being Approved For A Capital One Venture X Rewards Credit Card?

Capital One periodically reviews accounts for credit limit eligibility. You can also request a credit limit increase if you’ve had your Capital One Venture X Rewards credit card for several months, have a good payment history and haven’t applied for any other Capital One card in the last 30 days.

How Good Is A Capital One Venture X Rewards Credit Card For Building Credit?

The Capital One Venture X Rewards credit card is not a credit-building card because you must have excellent credit to qualify.

Like what you see? Learn how to apply for the Capital One Venture X Rewards credit card


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Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers.