Capital One Launches New Premium Venture X Travel Card
Capital One has already made significant progress in creating more attractive travel credit cards to keep up with other providers like American Express and Chase. And in the first week of November, the company unveiled plans to launch Venture X.
The premium credit card has an annual fee of $395 and is open for applicants from November 9. Venture X offers multiple benefits to its users, who can look forward to $300 in annual statement credits when they book a trip through the recently launched Capital One Travel Portal.
In your second year as a cardholder, and every year after that, you’ll unlock 10,000 bonus miles and $100 in credits for Global Entry or TSA PreCheck membership, Priority Pass Select membership, cell phone insurance, and access to Capital One’s new airport lounge network. The card issuer opened the first lounge on November 4, at the Dallas-Fort Worth airport.
“Many people don’t want to pay $500 to $600 for a credit card. Many don’t want to take the time to keep track of all the benefits. So we felt this was the right time to launch a new credit card,” said managing VP of premium products, rewards, and partnerships at Capital One, Lauren Liss.
Just like with the Capital One® Venture® Rewards credit card, you earn two miles for every dollar you spend on all your purchases. You get more flyer miles at a five-to-one ratio for all flights and ten-to-one for all hotels and car rentals booked through Capital One Travel.
Interestingly, if you spend $10,000 within six months of having the Venture X travel card, you’ll get 100,000 bonus miles and $200 in statement credits for Airbnb and VRBO as a bonus for getting the card.
Capital One plans to open additional lounges in 2022 at Dulles International Airport and Denver International Airport.
I have always thought of myself as a writer, but I began my career as a data operator with a large fintech firm. This position proved invaluable for learning how banks and other financial institutions operate. Daily correspondence with banking experts gave me insight into the systems and policies that power the economy. When I got the chance to translate my experience into words, I gladly joined the smart, enthusiastic Fortunly team.
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