Get hotel credit, room upgrades and free Wi-Fi with Capital One's new Lifestyle Collection

When credit card issuers vie for the space at the top of your wallet, you win.

In recent years, we've seen benefits added to credit cards including access to new airport lounges and new travel partners. Earlier this year, Capital One launched the Premier Collection, which provides elite-like benefits for Capital One Venture X Rewards Credit Card (see rates and fees) and Capital One Venture X Business* cardholders at certain luxury hotels booked through Capital One Travel.

Capital One has gone a step further and introduced the Lifestyle Collection, which provides a suite of benefits at more hotel chains and boutique locations. And, a wider range of Capital One cards can take advantage of this perk, including the popular Capital One Venture Rewards Credit Card (see rates and fees).

Below, CNBC Select breaks down everything that you need to know about Capital One's Lifestyle Collection and other cards that have similar benefits.

When you book a hotel through Capital One's Lifestyle Collection you can take advantage of the following benefits:

• $50 experience credit for food, drinks or other activities
• Complimentary Wi-Fi
• Room upgrades (when available)
• Early check-in and late check-out (when available)

These perks only marginally improve on what you could receive when you have basic or mid-tier elite status with that particular hotel or hotel chain, but this could be a useful benefit for hotel brands you visit less frequently. The Lifestyle Collection includes hotel chains such as The LINE, Virgin Hotels, Design Hotels, and The Standard, as well as independent locations.

The Lifestyle Collection is available to select Capital One cardholders and these bookings earn bonus rewards depending on which card you have. You can earn 10X miles for Lifestyle Collection bookings booked through Capital One Travel with the Capital One Venture X Rewards Credit Card and 5X miles with the Capital One Venture Rewards Credit Card. Venture X cardholders also can redeem up to $300 annual travel credit on Lifestyle Collection bookings.

Small business owners can also benefit from the Lifestyle Collection. You'll earn 10X miles for Lifestyle Collection bookings you make with the Capital One Venture X Business* and 5X miles with the Spark Miles for Business*.

The Premier Collection is a step up from the Lifestyle Collection, but it's only available to Capital One Venture X Rewards Credit Card and Capital One Venture X Business* cardholders. The upgraded benefits include:

• $100 experience credit (or the local equivalent) to use on dining, spa, and other activities
• Daily breakfast for two
• Complimentary Wi-Fi
• Early check-in, late check-out and a room upgrade (when available)

The Premier Collection encompasses many luxury hotels you can book through Capital One Travel, such as Small Luxury Hotels, The Leading Hotels of the World and Six Senses.

Many other card issuers have programs similar to Capital One's Lifestyle Collection. Citi, American Express and Chase all offer similar extra benefits for certain hotel bookings. But in order to take advantage of these perks, you'll need the right credit cards.

American Express

Eligible American Express cardholders have access to The Hotel Collection program, which offers these benefits with stays of two or more nights:

• Up to $100 in experience credits
• Room upgrade (when available)

The Hotel Collection is available to members with the American Express® Gold Card, American Express® Business Gold Card and certain premium American Express cards. Terms apply.

If you have a premium American Express card, such as The Platinum Card® from American Express, you'll be able to take advantage of the Fine Hotels and Resorts program (FHR) in addition to The Hotel Collection. FHR offers more robust benefits and is comparable to Capital One's Premier Collection. Terms apply.

Citi

The Citi Hotel Collection is available through the new Citi Travel Portal and is open to all cards that earn Citi ThankYou points, including no-annual-fee cards like the Citi Double Cash® Card (see rates and fees). Citi Hotel Collection benefits include:

• Daily breakfast for two people
• Free Wi-Fi
• Early check-in and late check-out (when available)

For those with Citi Premier® Card and Citi Prestige® Card (both no longer available to new applicants), you'll have access to Citi's Luxury Collection perks on top of the Hotel Collection benefits. To use either of these benefits, you'll need to search for hotels through the Citi Travel Portal. Within the search results, eligible hotels will be labeled with Hotel Collection or Luxury Collection tags.

Chase

A number of Chase credit cards have access to The Luxury Hotel & Resort Collection, including the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card. When you book through this program, you'll receive:

• Daily breakfast for two
• Complimentary room upgrades (when available)
• Free Wi-Fi
• Early check-in and late check-out
• A special benefit worth up to $100

Capital One added a new benefit for eligible cardholders, the Lifestyle Collection. This program expands on Capital One's Premier Collection to include new hotels but offers less valuable perks. However, the Lifestyle Collection is open to a wider range of Capital One cardholders, including those with the Capital One Venture Rewards Credit Card.

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For rates and fees of the American Express® Gold Card, click here.

*Information about the Capital One Venture X Business, Spark Miles for Business, Citi Prestige® Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.