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Credit Cards

The new Capital One Venture X card has a $395 annual fee: Is it worth it?

The Capital One Venture X is a premium travel card with a large annual fee. Is it worth it?

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The Capital One Venture X Rewards Credit Card comes with features aimed at travelers, such as airport lounge access, travel credits and a large welcome bonus offering 75,000 Capital One miles after cardholders spend $4,000 in the first three months from account opening.

However, the Venture X comes with a $395 annual fee. While that's on the lower end for a premium credit card, many are asking if it's worth the hefty price tag.

Below, Select breaks down the Capital One Venture X's rewards, benefits and fees to help you decide if it's the right card for you.

Is the Capital One Venture X worth it?

The Capital One Venture X packs a punch for consumers who want a credit card that focuses solely on travel perks. Other premium cards, most notably The Platinum Card® from American Express and Chase Sapphire Reserve® Card, have made additions to their benefits in recent years that makes each more of a 'lifestyle' card than a pure travel card. Terms apply.

With the Venture X, the valuable rewards and benefits you will have access to can quickly make the annual fee worth paying — that is as long as you use them. In the first year alone, the card comes with perks worth up to $1600, not including the ones with variable values like the cell phone insurance and no foreign transaction fees.

Additionally, if you're someone with multiple credit cards, you may be frustrated as several popular travel cards have similar benefits to the Venture X. If so, it may be best to analyze which card can deliver you more value. If the Capital One Venture X can offer you more for a better annual fee, cancelling your other card(s) is an option to trim the fat.

With this long list of perks, the $395 annual fee can very quickly be made back, especially in the first year. While you won't earn a welcome bonus in the second year, the 10,000 bonus anniversary miles plus the $300 travel credit easily offsets the annual fee. And benefits like the Hertz elite status, airport lounge access and ongoing rewards from spending is gravy on top.

What to know if you're considering the Capital One Venture X

If you're considering the Capital One Venture X card, it's best to apply if you have any large upcoming expenses — especially if they're travel related.

First, you would be able to use the $300 annual travel credit for bookings through Capital One Travel right off the bat — effectively earning back the annual fee plus some. This makes the card great for someone who's in the trip planning process.

In addition, be sure you'll be able to meet the minimum spend threshold before you apply. The requirement is a bit steep at $4,000 in three months, so having large upcoming expenses such as travel, holiday shopping or a new iPhone can ease the stress of earning the bonus.

But most importantly, add the nearly $400 annual fee into your budget. While saving money on travel through reward miles and credit cards can be a thrill, it isn't worth putting yourself into a financial bind. So before applying be sure you consider the annual fee as it will be applied on the first billing statement.

Capital One Venture X Rewards Credit Card

On Capital One's secure site
  • Rewards

    Unlimited 2X miles on all eligible purchases, and 5X miles on flights and 10X miles on hotels and rental cars when booked via Capital One Travel portal

  • Welcome bonus

    Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening

  • Annual fee

    $395

  • Intro APR

    None

  • Regular APR

    18.49% - 25.49% variable APR

  • Balance transfer fee

    3% for promotional APR offers; none for balances transferred at regular APR

  • Foreign transaction fees

    $0

  • Credit needed

    Excellent/Good

See our methodology, terms apply.

Pros

  • Large welcome bonus
  • No foreign transaction fees
  • Up to $100 statement credits for either Global Entry or TSA PreCheck®
  • Access to over 1,300+ Priority Pass lounges, as well as Capital One lounges

Cons

  • High annual fee
  • No introductory 0% APR period

Alternatives to the Capital One Venture X

If the Capital One Venture X Rewards Credit Card doesn't fit exactly what you are looking for, don't fret. There are plenty of travel credit cards, with smaller and larger annual fees, that may be a better fit.

If you enjoy earning transferable Capital One miles, but don't care for the frills of airport lounge access, consider the Capital One Venture Rewards Credit Card. The card earns 2X miles for every dollar spent on eligible purchases, and has a modest $95 annual fee. You will still have access to the Capital One Travel portal, and you can earn a valuable welcome bonus of 75,000 bonus miles once you spend $4,000 on purchases within the first three months from account opening.

Capital One Venture Rewards Credit Card

On Capital One's secure site
  • Rewards

    5X miles on hotel and rental cars booked through Capital One Travel, 2X miles per dollar on every other purchase

  • Welcome bonus

    Earn 75,000 bonus miles once you spend $4,000 on purchases within 3 months from account opening

  • Annual fee

    $95

  • Intro APR

    N/A for purchases and balance transfers

  • Regular APR

    17.49% - 25.49% variable

  • Balance transfer fee

    3% for promotional APR offers; none for balances transferred at regular APR

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

See our methodology, terms apply.

Pros

  • 5X miles on hotel and rental cars booked through Capital One Travel
  • Global Entry or TSA PreCheck application fee credit up to $100 every 4 years

Cons

  • No introductory APR
  • There’s a $95 annual fee

If you want to have a larger suite of benefits, consider the Chase Sapphire Reserve® Card. It has a long list of features, including: broad spending categories to earn rewards, airport lounge access, discounts and credits with partners like Lyft, Peloton and DoorDash, comprehensive travel insurance, purchase protection, return protection and 50% more value when you redeem your Chase Ultimate Rewards® points for travel through the Chase travel portal. The card also comes with a great welcome offer: 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening. However, the card has a steep $550 annual fee, and an additional $75 annual fee for each authorized user.

Chase Sapphire Reserve®

On Chase's secure site
  • Rewards

    Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025

  • Welcome bonus

    Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

  • Annual fee

    $550

  • Intro APR

    None

  • Regular APR

    19.24% - 26.24% variable

  • Balance transfer fee

    5%, minimum $5

  • Foreign transaction fee

    None

  • Credit needed

    Excellent

See our methodology, terms apply.

Pros

  • $300 annual travel credit for travel purchases
  • Global Entry or TSA PreCheck application fee credit up to $100 every four years
  • Priority Pass™ Select lounge access at 1,000+ VIP lounges in over 500 cities worldwide
  • Points are worth 50% more when redeemed for travel via Chase Ultimate Rewards®
  • Special benefits at The Luxury Hotel & Resort Collection
  • Complimentary year of Lyft Pink membership

Cons

  • High annual fee, but it can be offset by taking advantage of all the card’s perks
  • No introductory APR
  • Estimated rewards earned after 1 year: $1,469
  • Estimated rewards earned after 5 years: $3,346

Rewards totals incorporate the points earned from the welcome bonus

Bottom line

The Capital One Venture X is a great travel credit card for someone looking for a straightforward way to earn and spend rewards from their purchases. The Venture X is focused on consumers who solely want travel benefits and it's relatively easy to earn the annual fee back if you travel at least once or twice a year. Other premium credit cards offer a wider array of perks, but it can be difficult to use them without making purchases you wouldn't ordinarily make.

If you're able to stomach the $395 annual fee, the Venture X card can be a great companion to not only make your purchases with, but help elevate the quality of travel you experience.

For rates and fees for The Platinum Card from Amex, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Plenty of rewards and benefits including 4X points per dollar for dining at restaurants worldwide
Enjoy an intro APR on purchases plus, Discover will match all the cash back you've earned at the end of your first year.