Capital One is a financial renowned for its specialization in banking, savings accounts, auto loans, and credit cards. It is regarded as the third largest credit card issuer of Mastercard and Visa cards in the U.S. The Capital One Venture X credit card is its flagship card.
If you are a frequent traveler, you are bound to enjoy a lot of benefits with this card. This article is written to reveal the benefits of the Capital One Venture X Rewards Credit Card and how to take advantage of them. Let’s get right into it…
Yearly Travel Bonus
If you choose to use Capital One Venture X, you get a travel bonus of $300 every year. This is such a huge benefit that if used properly, you can reduce your annual fee to a paltry sum of $95. The Capital One Venture Rewards Card offers this same travel bonus minus other benefits which we’ll still discuss.
The issue with this benefit is that it’s not so flexible. The only way to use it is to make your booking through Capital One’s travel portal. That means if you book via other means, you can’t take advantage of this credit.
One thing that you can take advantage of is the different spending that qualifies you for this credit. So, if you spend on rental cars, hotels, and flights, this benefit will cover it. However, we recommend that you use it only for flights to avoid the penalty that rental companies and hotels charge for booking via third parties. Furthermore, you can get a refund when there is a drop in price thanks to a price guarantee tool from Capital One.
Access to Airport Lounge
As a Venture X cardholder, you automatically get a Priority Pass Select membership. This membership grants you access to over 1,000 airport lounges globally. You and two other guests you add to the cover can access these lounges during your flights.
You don’t incur any additional costs for adding the guests; thereby reducing costs. You can click here to find ways to save on your travels. On your next flight, you can change the details of the guests if you are traveling with different people. This flexibility allows you to travel easily with family or in a group.
With these lounges, you can enjoy a getaway from the crowded terminals. Furthermore, you get served complimentary drinks, food, and outlets. Depending on the destination, some of these lounges have facilities such as sleeping modes, showers, etc. At the moment, these lounges are available only in Washington D.C (IAD) and Dallas-Fort Worth (DFW), but more will be available soon.
Anniversary Bonus of 10,000 Miles
When it’s your first cardholder anniversary, you’ll be given a bonus of 10,000 miles. This bonus will continue each anniversary. The worth of this bonus is $100 if you choose to redeem it for statement credits rather than for travel purchases.
There is a way to get additional worth from these bonus points. All you need to do is to redeem the points via Capital One transfer partners. When you do this, depending on the partner you choose, you can get an average of 2.63 cents per mile.
Rental Car Elite Status
Authorized users as well as cardholders are eligible for the Hertz Gold Plus President’s Circle Status. This eligibility runs until the 31st of December 2024. With this status, you get complimentary upgrades as well as the fight to skip counter lines.
To enjoy this perk, all you need to do is register with Hertz via the Gold Plus Rewards enrollment process. After that, you need to sign in to your Capital One account. Finally, go to the tab labeled “Benefits” and request for the status upgrade.
TSA PreCheck/Global Entry Credit
Just like many travel cards, the Capital One Venture X card also offers the TSA PreCheck/Global Entry credit. You can visit https://www.tsa.gov/ to find out more about TSA PreCheck. To qualify for this credit, you need to submit a membership application, and then pay with your card. After some days, you’ll receive a statement recompensing the charges.
This credit can be used once in four years. Also, the membership is effective for just five years. However, renewal of the membership can be done one year before the expiration.
Travel Insurance
The Capital One Venture X is a Visa Infinite Card. As such, it has a collection of free travel insurance. You get to enjoy the following insurance:
- Rental car
- Trip cancellation
- Trip interruption
- Travel accident
You also get reimbursement for the following:
- Lost luggage
- Trip delay
You can only get access to these insurances when you pay with your Venture X card. In other words, if you are traveling by flight, you charge the airfare to the card. If you are using rental cars, you pay with your card.
Conclusion
Apart from the benefits mentioned above, you also enjoy shopping insurance and access to premier collection hotels. These perks provided by the Venture X card make traveling more delightful. So, if you’re still contemplating whether to get this card or not, we’re sure you now know the right choice.
