{"id":214444,"date":"2024-03-18T13:24:25","date_gmt":"2024-03-18T13:24:25","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/18\/why-i-decided-to-keep-the-capital-one-venture-x\/"},"modified":"2025-06-25T17:20:27","modified_gmt":"2025-06-25T17:20:27","slug":"why-i-decided-to-keep-the-capital-one-venture-x","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/18\/why-i-decided-to-keep-the-capital-one-venture-x\/","title":{"rendered":"Why I Decided to Keep the Capital One Venture X"},"content":{"rendered":"

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Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.<\/em>\u00a0<\/p>\n

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Recently, I decided to switch from travel rewards to cash back. After nearly a decade of going all in on points and miles and premium travel perks, I canceled nearly a dozen travel credit cards, including a handful of premium cards.
Among the few cards I chose to hold onto is the Capital One Venture X Rewards Credit Card<\/a>. While the card has a steep annual fee, it remains one of my favorites. Here\u2019s why the Venture X is worth it for me.<\/p>\n

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Capital One Venture X Rewards Credit Card<\/h4>\n
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Intro bonus<\/h5>\n

Earn 75,000 bonus miles after spending $4,000 on purchases within the first 3 months from account opening<\/p>\n<\/section>\n

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Annual Fee<\/td>\n$395<\/td>\n<\/tr>\n
Purchase APR<\/td>\n19.99%\u201329.99% variable<\/td>\n<\/tr>\n
Foreign Transaction Fee<\/td>\nNone<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/section>\n<\/div>\n<\/div>\n

The card\u2019s annual fee is easy to offset<\/h2>\n

As a credit card writer and rewards enthusiast, I\u2019ve opened and closed scores of credit cards. For a few years, I had five different premium credit cards. In addition to the Venture X, I also had the following:<\/p>\n

I was paying over $2,000 in annual fees on the cards, but because I was traveling once or twice a month, I was getting more than enough value to cover those costs.\u00a0<\/p>\n

When my travel habits changed, though, I found it increasingly difficult to justify the annual fees on most of the cards. Inflexible and incremental statement credits, overlapping perks like airport lounge access, and unused elite status benefits made it a no-brainer to cancel most of them.<\/p>\n

With the Capital One Venture X, however, it\u2019s easy to offset the card\u2019s $395 annual fee. Each year, I get 10,000 bonus miles worth $100 in travel, which started on my first anniversary, and $300 back annually for bookings made through Capital One Travel. Even a casual traveler who takes one or two trips a year can make the most of those perks and effectively get their money\u2019s worth.\u00a0<\/p>\n

Simplicity trumps value for me now<\/h2>\n

After years of chasing the best redemption rates, I\u2019ve lost interest in the hours of tedious research and complicated transfers and maneuvers the process often requires.<\/p>\n

While I focus most of my spending on cash-back credit cards now, I love Capital One\u2019s commitment to keeping its rewards structure as simple as possible.\u00a0<\/p>\n

The card does offer 10x miles on hotels and rental cars booked through Capital One Travel, 5x miles on flights booked through Capital One Travel, and 2x miles on everyday purchases.\u00a0<\/p>\n

Capital One Miles are also arguably the most flexible travel rewards available. Although the card issuer offers transfers to partner airline and hotel loyalty programs for people who want to maximize their value, I prefer the simplicity of using my card to book travel and requesting a statement credit. I even get 90 days after the transaction date to redeem, so if I don\u2019t have enough miles to cover a full purchase, I can keep requesting partial statement credits as I earn more rewards until that deadline.<\/p>\n

If I\u2019m booking something through Capital One Travel that costs more than the $300 statement credit, I can also use my miles to cover the remaining balance.<\/p>\n

I can\u2019t let go of airport lounge access<\/h2>\n

The last premium credit card I canceled was the Platinum Card, with my main hesitation being its unparalleled airport lounge access<\/a>. Several credit cards offer access to Priority Pass lounges, which are often crowded and, according to some, lower quality.\u00a0<\/p>\n

But with the Platinum Card, I also got access to multiple lounge networks, including Amex\u2019s famed Centurion Lounges and Delta Sky Club lounges when I flew Delta. At my home airport, Salt Lake City International, Delta Sky Club is the only lounge option.<\/p>\n

But as it became clear that I wasn\u2019t getting enough value from the card\u2019s other perks, I couldn\u2019t justify the card\u2019s $695 annual fee, even with the lounge access.<\/p>\n

At the same time, I didn\u2019t want to lose that access altogether. In addition to the Priority Pass network, the Venture X also lets me visit Plaza Premium lounges and Capital One Lounges. I\u2019ve especially enjoyed my few visits to Capital One Lounges, which offer a broad range of food and drink options. There\u2019s also a robust set of takeaway options when I\u2019m in a hurry\u2014something that\u2019s lacking with other airport lounges.\u00a0<\/p>\n

Again, these options aren\u2019t available to me in my home airport, but I often have layovers in nearby Denver and Dallas, where there are plenty of choices, including Capital One Lounges.<\/p>\n

To view rates and fees of the \u2018The Platinum Card\u00ae from American Express<\/em>, see\u202f<\/em>this page<\/em><\/a><\/p>\n

What I miss<\/h2>\n

Simplifying my credit card rewards portfolio made sense for my changing situation, but that isn\u2019t a knock on the cards I canceled. Here are just a few of the benefits I miss having access to:<\/p>\n