Capital One Venture X Rewards

The Capital One Venture X Rewards is a travel card with a $395 annual fee. Capital One includes a $300 annual credit for bookings through Capital One Travel plus 10,000 anniversary miles, which it values at $100 towards travel. If you use the full credit through Capital One Travel and value the miles at that $100, the two add up to $400 against the $395 fee, so the fee is offset only for cardholders who book through the portal. The concrete terms are straightforward. The annual fee is $395. As of October 14, 2026, the purchase APR on Capital One's page is 19.74%, 24.74% or 28.74% variable depending on creditworthiness, so this is a card to pay in full every month; carrying a balance erases the rewards math quickly. Capital One lists the credit level as Excellent and does not state a numeric score cutoff. It is a Visa Infinite card issued by Capital One. Earning is simple: 2X miles on all other purchases, 10X miles on hotels and rental cars and 5X on flights and vacation rentals booked through Capital One Travel, and 5X on Capital One Entertainment. As of October 14, 2026, the welcome bonus is 75,000 miles after $4,000 in spend within the first 3 months from account opening, and Capital One says existing or previous cardmembers are not eligible if they received a new cardmember bonus for this product in the past 48 months. Note that the larger 100,000-mile offer, which carried a $10,000 spend requirement, expired January 5, 2026, so do not plan around it. Primary cardholders get access to 1,300+ participating lounges worldwide through Priority Pass and to Capital One Lounges. Authorized users can be added at no fee, but they do not get complimentary lounge access; Capital One charges $125 per additional cardholder per year for it. The honest flags matter as much as the perks. The $300 credit is not cash; it is locked to the Capital One Travel portal, so you only recover that value if you are willing to book flights, hotels, or cars through Capital One's site, where prices and inventory may not match what you would find booking direct. If you never use the portal, your effective cost stays at the full $395. Lounge access is limited to the primary cardholder: additional cardholders have no complimentary access, and bringing complimentary guests requires $75,000 or more in purchases on the account per calendar year. Finally, the 10X and 5X travel rates apply only to bookings through Capital One Travel; other purchases earn 2X. This is a card whose value is conditional: it pays off for people who will actually use the travel credit and book through the portal, and it underdelivers for anyone who will not.