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Is the Capital One Venture X Card Worth Its Hefty Annual Fee?
In May 2023, before returning to my home country, I applied for my first high annual fee ($395) credit card, the Capital One Venture X. After using it for almost half a year, I found the experience to be excellent. I have upgraded this card to a joint household spending credit card and would like to share my detailed experience with this credit card.
1. Sign-up Bonus of 75k miles
At that time, purchasing round-trip tickets for two people to return to the country met the requirement of spending $4000 in the first 3 months, earning 75k miles. Additionally, dining and shopping expenses during the trip allowed me to redeem $1000 worth of travel rewards. Regular expenses yield 2X points, and there are no foreign transaction fees, making it my go-to card during travels.
2. $300 Annual Travel Credit + 10k miles
I received the first year's $300 travel credit just 10 days after the initial ticket purchase. It's important to note that flights and hotels need to be booked through the Capital One travel portal. I found the platform to be smooth to use, with prices comparable to those on Google Flights. Booking flights through the platform earns 5X points, while hotel and car rental bookings earn 10X points, enabling rapid mileage accumulation. There's also a 10k mile bonus upon card renewal each year.
3. Capital One Lounges
Coincidentally, I passed through Dallas when I returned to my home country, the only airport with a Capital One Lounge at the time. I found that the Capital One lounge in Washington Dulles International Airport was nearly completed on my return journey. I had watched reviews of the lounge on YouTube before applying for the card, and the servings were small but exquisite. Since we had a morning flight, we enjoyed a simple breakfast with good options. The La Colombe Oatmilk Latte was particularly delicious. In case of urgency, there were many to-go options. The lounge allows two guests for free each time. Venture X also permits family members to have their own supplementary card for free, enabling them to visit the lounge independently.
4. Priority Pass ($99 value)
Priority Pass airport lounges are quite underwhelming in the United States. One rather impressive service I've used is the Fast Track Security Lane offered by the VIP ONE Lounge at JFK Airport. The staff will escort you through security first. (I've used it once and felt quite anxious, so I think I'll stick with TSA PreCheck in the future. However, if you don't have TSA PreCheck and are in a hurry, this service is definitely worth using.) The food in airport lounges in Asia tends to be better. At the lounge in Taipei Airport, you can even take a shower.
5. Reimbursement for Global Entry ($100) or TSA PreCheck ($85)
You can receive up to a $100 statement credit on your application fee for Global Entry or TSA PreCheck®. Simply use your eligible travel card to pay the application fee when you apply to become a member of either program. This benefit is only open to U.S. citizens, U.S. nationals and lawful permanent residents.
6. Six-Month Cultivist Membership ($220 value)
This was the benefit I was most excited about. After moving to New York, I immediately signed up! It's worth signing up the membership before traveling for free access to major museums and art galleries worldwide (complete museum list). It allows for bringing a guest for free. Just taking friends to the Guggenheim and the MET during these months made the remaining $95 annual fee seem worth it. (2023.11 Update: Cultivist is no longer collaborating with the Guggenheim; instead, it has been replaced by the MOMA, the Museum of Modern Art.) (2024.7 Update: Unfortunately, starting June 23, Venture X cardholders can only join The Cultivist for half off the normal rate $440)
7. Return Protection
I once used the return protection when I bought some final sale clothes that didn't fit. The return protection applies to cases where the merchant does not accept returns. Nowadays, sales are often final, but using this card provides a bit of a safety net. You can submit orders within 90 days of purchase and the return policy to the claim center. However, please note that you need to pay for the return shipping, so it's better not to buy anything too heavy if you are unsure.
8. Capital One Offers
After using this card as a joint household spending card, I found the Capital One offer to be quite useful. For example, buying cat food from Chewy doesn't offer cashback on Rakuten, but Capital One provides 4% cashback.
9. Customer Service
For any benefit-related queries, I always directly call customer service. The customer service is primarily based in the United States, making communication smooth.
Overall, I believe that this Capital One Venture X credit card is highly valuable for anyone who travels at least once a year. The user experience is excellent, and I even opened a Capital One 360 Checking Account as a joint checking account (currently with a $350 sign-up bonus). However, I have noticed that some people find it challenging to apply for this card, especially those who are adept at maximizing credit card benefits. If you need the 75k miles sign-up bonus referral, feel free to use my link below!