How to Maximize the Venture X Card

by Ann deBruyn

Capital One’s premium credit card offering made waves when it launched in late 2021 because of its competitively low annual fee and its best-in-class perks for cardholders — and their authorized users.

Ways to get the most value out of the Capital One Venture X Rewards Credit Card

1. Earn the welcome bonus

Sign-up bonuses can play a large role in the value of a credit card, especially when they’re high. The Capital One Venture X Rewards Credit Card features one of the largest welcome offers on the market: Earn 100,000 bonus miles when you spend $10,000 on purchases in the first 6 months from account opening, equal to $1,000 in travel.

NerdWallet values Capital One Miles at 1.8 cents each , which makes this bonus worth at least $1,800.

The Capital One Venture X Rewards Credit Card limited-time welcome bonus also includes a $200 vacation rental credit good toward stays with companies such as Airbnb, Turnkey, Vacasa and VRBO.

Nerdy tip: If you’re having trouble making your minimum spend goal, consider prepaying your utilities or cell phone bill.

2. Spend your annual travel credit

The Capital One Venture X Rewards Credit Card comes with a $300 annual travel credit usable via Capital One’s Travel portal . Flights, hotels and rental cars can all be booked using the travel portal, which makes redeeming this credit simple.

Book the travel you desire and the $300 will be reimbursed to you as a statement credit .

Although the $300 credit is somewhat limited due to its applicability only within the Capital One Travel portal, it makes more than a little dent in the card’s $395 annual fee.

3. Use the airport lounge access

The Capital One Venture X Rewards Credit Card may cost less than other top-tier travel credit cards , but it still provides solid value for its members in terms of benefits that it provides.

A favorite among frequent travelers, the Capital One Venture X Rewards Credit Card offers a complimentary Priority Pass Select membership that will grant you access to more than 1,300 airport lounges across the globe.

In addition to Priority Pass, Capital One Venture X Rewards Credit Card holders have access to Capital One airport lounges ; although the only lounge currently open is in Dallas-Fort Worth, there are two more on the way in both Denver and Washington-Dulles.

4. Take advantage of rental car elite status

The highest level of elite status that Hertz offers is available complimentary to Capital One Venture X Rewards Credit Card holders.

President’s Circle elite status includes a free one-category upgrade on rentals, a free additional driver, 50% more bonus points and guaranteed vehicle availability on all your rentals.

5. Speed through security

Like many travel credit cards, the Capital One Venture X Rewards Credit Card also includes a statement credit towards either Global Entry or TSA PreCheck . Once enrolled, these services offer the ability to speed through lines at the airport.

TSA PreCheck affords you special treatment at airport security, while Global Entry provides a fast-track entrance to the U.S.

Nerdy tip: Global Entry includes TSA PreCheck but not vice versa. Apply for Global Entry to score both services with your credit.

The Capital One Venture X Rewards Credit Card will grant you this statement credit once every four years. Both Global Entry and TSA PreCheck are valid for five years after enrollment. Members become eligible to renew their membership one year before program expiration

6. Add authorized users

Adding an authorized user to your credit cards can be a good idea for a number of reasons. Authorized users on cards will build credit just like primary cardholders, and some credit cards — including the Capital One Venture X Rewards Credit Card — extend benefits to these users.

This card offers best-in-class perks for authorized users: Each authorized user gains a Priority Pass Select membership, the ability to use Capital One lounges, Hertz President’s Circle elite status and all the purchase protections that the card offers. (Benefits may change over time.)

7. Be smart with your miles strategy

What’s a reward credit card without points and miles? The Capital One Venture X Rewards Credit Card earns Capital One Miles , which can be used to great effect due to its robust lineup of transfer partners.

Earning Capital One miles

If you aren’t committed to any single brand, you’ll find that your best bet is booking travel via the Capital One Travel portal. This is because the Capital One Venture X Rewards Credit Card will reward you with 10 points per dollar spent on rental cars and hotels booked through its portal, which matches that offered by Chase’s competing Chase Sapphire Reserve® .

You’ll also receive 5 points per dollar spent on flights booked via the portal and 2 points per dollar on all other purchases, making it easy to rack up those miles.

Redeeming Capital One miles

Capital One will allow you to redeem your miles through its travel portal at a value of 1 cent per mile. This can be a decent and straightforward option, but much better choices are available.

Capital One Miles is a transferable point currency . This means that the miles you earn can be transferred over to many different partners for redemptions. The program has 16 transfer partners, including 14 airlines and two hotel chains. You can transfer your miles to most of these partners at a 1:1 ratio, which means one Capital One Mile becomes one hotel/airline point.

The only exceptions for the 1:1 transfer ratio are Accor Live Limitless, which transfers at a 2:1 ratio, and EVA Airlines, which transfers at a 2:1.5 ratio.

Using transfer partners unlocks the ability to redeem your miles for far more than the 1 cent per mile value offered by the Capital One Travel portal — this is one reason why we value Capital One Miles at 1.8 cents each.

If you’re trying to maximize the Capital One Venture X Rewards Credit Card

The Capital One Venture X Rewards Credit Card is a great option for a variety of travelers because of its competitively low annual fee and the suite of benefits that it provides, even to its authorized users.

Be sure to maximize your value in the card by earning the sign-up bonus, enrolling in its perks and taking advantage of its miles’ best transfer partner redemptions .

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022 , including those best for: