You Might Want to Pay $395 for This Credit Card

Premium travel credit cards offer luxury benefits with a price to match. One of the newest options is the Capital One Venture X Rewards Credit Card. Cardholders can earn 2 miles per dollar on every purchase, plus more for travel booked through Capital One Travel. Learn more about the Capital One Venture X Card to find out if it’s worth the $395 annual fee.

If you decide to take the plunge and apply for the Capital One Venture X Rewards Credit Card, the benefits should be worth the annual fee. Here are some of the most valuable perks.

As a new cardholder, you’ll earn 75,000 miles as a sign-up bonus after spending $4,000 within the first three months with the card. This translates to $750 toward travel.

Each year, you’ll get a travel credit of up to $300 when you book through Capital One Travel.

Every year, starting on your first anniversary, you’ll receive 10,000 bonus miles, which is worth $100 toward travel.

Speed up your airport experience by applying for Global Entry or TSA PreCheck. Capital One reimburses up to $100 up to once every four years when you use your Capital One Venture X card to pay your application fee.

You and up to two guests per visit will receive unlimited complimentary entrance to Capital One’s numerous airport lounges across the U.S.

Authorized users can also access this benefit. “Most premium cards charge for authorized users, but this card doesn’t. So it’s an easy way to get larger families or extra friends into the lounge for free,” says John Perri, a travel advisor and travel blogger at JohnTheWanderer.com

Cardholders also receive a Priority Pass membership and access to Plaza Premium Group lounges. With these benefits, the cardholder and up to two guests can access more than 1,300 lounges around the world.

If you book travel on a regular basis, rewards on those purchases can add up quickly. You’ll earn an unlimited 10 miles per dollar on hotel and rental car reservations booked through Capital One Travel and 5 miles per dollar on flights booked through Capital One Travel.

Capital One offers two levels of its flagship Venture travel rewards card – the Capital One Venture Rewards Credit Card and Capital One Venture X. While these two travel credit cards offer similar earning power, benefits and features, there are significant differences, too.

The Capital One Venture X Rewards Credit Card may be hard to get for some applicants. Capital One not only looks at your credit score, but it also considers other factors when reviewing your application, including:

For the best chances of approval, applicants should have excellent credit, or a FICO score between 740 and 850.

The Capital One Venture X Rewards Card offers tremendous value for travelers. Its $395 annual fee is offset by a bevy of benefits, including an annual $300 travel credit and 10,000 anniversary miles each year. Miles earned by the card can be used to book travel, cover travel purchases or transfer to more than 15 airline and hotel partners. However, a downside is that travelers may not be familiar with many of the partner loyalty programs.

Bethany Walsh, founder of BougieMiles.com, says she loves the Venture X Card for both experienced and beginner travelers. “Advanced rewards travelers benefit from the card’s international airline transfer partners, while beginning travelers can easily use its miles to book travel or cover travel purchases.”