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Capital One Venture Rewards vs. Capital One Venture X

The Capital One Venture Rewards Credit Card has long enjoyed popularity as a go-to card for those who prefer a simple rewards-earning structure and straightforward award redemptions. The card also offers unparalleled travel perks for a modest $95 annual fee, making it an easy choice when it was the only card of its kind from the card issuer. In recent years, though, it’s gotten some major competition from a premium Capital One product: The Capital One Venture X Rewards Credit Card.

Normally, comparing mid-tier and premium credit cards would be like comparing apples to oranges, but these two travel rewards credit cards don’t just share a similar name – they also offer many of the same benefits. This makes it especially challenging to differentiate the value offered by each card and to determine whether one is more worthwhile than the other.

To make the decision easier, CNBC Select analyzed the benefits offered by each card to see how they compare. Here’s how the Capital One Venture Rewards Credit Card stacks up against the Capital One Venture X.

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Capital One Venture Rewards Credit Card vs. Capital One Venture X Rewards Credit Card

Capital One Venture Rewards Credit Card

Information about the Capital One Venture Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

  • 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

  • Intro APR

    N/A for purchases and balance transfers

  • Regular APR

  • Balance transfer fee

    0% at the regular transfer APR

  • Foreign transaction fee

  • Credit needed

Capital One Venture X Rewards Credit Card

Information about the Capital One Venture X Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

  • Rewards

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

  • Welcome bonus

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

  • Annual fee

  • Intro APR

  • Regular APR

    21.24% – 28.24% variable APR

  • Balance transfer fee

    0% at the regular transfer APR

  • Foreign transaction fees

  • Credit needed

Annual fee 

APRs 

Rewards

Redemption

Both the Capital One Venture and the Capital One Venture X provide the same flexible redemption options. You can transfer your miles to any of Capital One’s 18 airline and hotel partners, including Aeroplan, British Airways Executive Club, Choice Privileges, and Accor Live Limitless, among others, or redeem them for flights, hotels, and car rentals through Capital One Travel. You can also use miles to offset recent travel purchases, shop online through Amazon or Paypal, gain access to exclusive events and experiences or redeem them for gift cards or cash-back (in the form of statement credits).

The value you’ll get for your miles varies greatly. You’ll score as little as 0.5 cents per mile by redeeming them for cash back or you can opt for a travel redemption of 1 cent per mile, a great option for times when award inventory is limited and cash bookings are more convenient and economical. Meanwhile, you may be able to get even greater value by taking advantage of Capital One’s transfer partners. Otherwise, you’ll get a value of 0.8 to 1 cent per mile when you redeem them for gift cards, events, or experiences, or use them to pay for purchases via Paypal and Amazon.

Winner: Tie. Both cards offer the same redemption options. 

Welcome bonus 

Travel protections

Additional perks

Both cards offer plenty of travel perks that can improve your experience and save you money. Each one also waives foreign transaction fees and includes a $100 credit every four years to cover your Global Entry or TSA PreCheck membership. The credit is especially generous for the Capital One Venture Rewards, since this benefit is typically only offered by premium credit cards. 

The Capital One Venture Card also offers two Capital One Lounge visits per year, while the Capital One Venture X provides unlimited Capital One Lounge access for the cardholder and up to two guests, as well as access to more than 1,400 Priority Pass and Plaza Premium lounges across the globe. Needless to say, if you’re a frequent traveler, the benefit from the Venture X card will end up being more useful than that of the Venture Card.

Lastly, Capital One Venture cardholders also receive complimentary Hertz Five Star status, while Capital One Venture X cardholders get automatically upgraded to Hertz President’s Circle® status. 

The similarities end there, with the Venture X card providing a more robust collection of premium benefits than the Venture card, including an annual 10,000-mile bonus (worth at least $100 for travel) and an up to $300 annual travel credit for bookings made through Capital One Travel. Venture X cardholders also receive a complimentary subscription to PRIOR (worth $149), free membership with The Cultivist (worth $240) and $300 toward an annual membership with Gravity Haus. Overall, the perks offered by the Venture X card far outweigh those of the Venture card, which also explains the difference in their annual fees.

Winner: Capital One Venture X.

Bottom line

Capital One Venture Rewards vs. Capital One Venture X

Benefits Capital One Venture Rewards Capital One Venture X
Annual Fee $95 $395
Rewards 2X miles on every purchase, 5X miles on hotels and rental cars booked through Capital One Travel, and 5X miles on Turo bookings through May 16, 2023. 2X miles on every purchase, 5X miles on flights booked through Capital One Travel, 10X miles on hotels and rental cars booked through Capital One Travel, and 10X miles on Turo bookings through May 16, 2023.
Welcome Bonus 75,000 bonus miles after spending $4,000 within the first three months of account opening. 75,000 bonus miles after spending $4,000 within the first three months of account opening.
Additional Travel Perks $100 Global Entry or TSA PreCheck credit every four years, two lounge visits per year to Capital One Lounges (or partner lounges), Hertz Five Star status, and no foreign transaction fees. $100 Global Entry or TSA PreCheck credit every four years; $300 annual travel credit through Capital One Travel; 10,000 anniversary miles; unlimited Capital One Lounge access for the primary cardholder and up to two guests per visit; complimentary Priority Pass membership; Hertz President’s Circle® status; $300 toward an annual Gravity Haus membership; complimentary access to PRIOR and The Cultivist; and no foreign transaction fees.

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.