Capital One Venture X $300 Annual Travel Credit

We just lately noticed the launch of the brand new Capital One Venture X Rewards Credit Card, which is Capital One’s new premium bank card.

Whereas the cardboard has a $395 annual charge, there are so many reasons to get this card, from the welcome bonus of 100K miles, to ongoing perks like a $300 annual journey credit score, 10K anniversary bonus miles, a Precedence Cross membership, access to Capital One Lounges, and amazing authorized user perks. I applied for this card and was instantly approved, and I do know many OMAAT readers are in the identical boat.

On this publish I needed to give attention to the only profit that ought to most assist offset the annual charge of the Capital One Venture X, which is the cardboard’s $300 annual journey credit score. Let’s get into all the small print of how this works.

How does the Enterprise X $300 annual journey credit score work?

The Capital One Venture X presents a $300 annual journey credit score, which could be redeemed via Capital One Journey. Right here’s what you might want to find out about that:

• The credit score applies every cardmember yr (or anniversary yr, when you want), together with the yr wherein you open the cardboard; the credit score timing isn’t primarily based on the calendar yr
• The credit score can be utilized throughout one or a number of transactions, till the $300 restrict is reached
• There’s no registration required to make use of the $300 annual journey credit score
• Any buy via Capital One Journey qualifies in direction of utilizing this credit score, so there’s every kind of journey you’ll be able to prepare this manner
• The credit score will typically seem in your account inside one to seven enterprise days of constructing an eligible buy
• If the credited Capital One Journey buy is canceled, the assertion credit score could also be eliminated out of your account, although could be reissued on any previous or future Capital One Journey buy of as much as $300

What journey are you able to ebook via Capital One Journey?

Capital One Travel is Capital One’s journey portal, as you could have guessed primarily based on the identify. The portal is powered by Hopper, and Capital One is basically appearing because the journey agent right here. You need to use Capital One Journey to ebook the whole lot from flights, to resorts, to automobile leases.

On the whole I’m not an enormous fan of utilizing journey portals, although for my part Capital One Journey is the very best journey portal of any of the key bank card firms. You’ll be able to simply search flights, resorts, and automobile leases.

The portal has some nifty options. For instance, when looking flights, there’s a calendar displaying the dates with the very best costs, which is one thing I want we’d extra constantly see from airways.

Equally, the choice to filter outcomes is nice, higher than with every other portal on the market, for my part.

Should you needed to use your $300 annual journey credit score in direction of a purchase order (like a flight), you’d simply need to make the acquisition together with your card, after which the assertion credit score will publish mechanically.

Remember the fact that the Enterprise X can be rewarding for purchases via Capital One Journey, so you’ll be able to earn a lot of miles for any spending on prime of the credit score quantity. The cardboard presents:

• 10x Enterprise miles on resorts and rental vehicles booked by way of Capital One Journey
• 5x Enterprise miles on flights booked by way of Capital One Journey

However isn’t reserving via bank card journey portals annoying?

Some persons are in all probability pondering “I don’t actually need to ebook via a journey portal although.” I hear you. To be trustworthy, I solely hardly ever use journey portals. Even when a journey portal is nice, there are downsides to utilizing them:

• On the flight entrance, within the occasion of schedule modifications or eager to cancel, it may be simpler to take action when you ebook direct, particularly in an period the place airways largely enable free ticket modifications
• On the lodge entrance, you don’t normally obtain elite perks or earn factors when reserving via a 3rd get together
• On the automobile rental entrance, there are sometimes low cost codes out there on-line that may’t be used if reserving via a portal

That being stated, I nonetheless worth this credit score at fairly near face worth, and may have no points by any means utilizing it. What’s my technique? To maintain issues easy, I’ll in all probability ebook a single flight that prices $300+ via right here at the very least as soon as per yr, and that might be reimbursed.

You continue to typically earn factors and obtain elite perks when reserving flights via a portal, and the pricing is sort of at all times an identical. So the chance price to reserving this manner is proscribed.

The best way I see it, having to ebook via Capital One Journey is hardly an enormous deal or something that forestalls this from being maximized, and I’ll don’t have any points maximizing this. At the same time as somebody who is mostly against utilizing portals, I don’t view this as being an enormous deal.

How does this examine to journey credit on different playing cards?

How does the Capital One Venture X $300 annual journey credit score examine to the credit issued by different premium playing cards? Simply to check:

I’d argue that the Capital One journey credit score isn’t as straightforward to make use of because the Chase journey credit score, however is far simpler to make use of than the American Categorical journey credit score.

Now, that doesn’t inform the complete story of the playing cards’ worth propositions, although:

• The Enterprise X has by far the bottom annual charge of the three playing cards
• The $300 annual journey credit score is just one of many annual perks the cardboard presents — the cardboard additionally presents 10,000 anniversary bonus miles, which could be redeemed for $100 price of journey, or could be transfered to airline & hotel partners at a ratio of as much as 1:1
• For savvy vacationers, the $300 journey credit score plus 10,000 bonus miles ought to be price greater than the cardboard’s $395 annual charge, not even factoring in the rest

Backside line

The brand new Capital One Venture X is extremely profitable. The cardboard has a $395 annual charge, and one of many main issues that offsets that charge is the $300 annual journey credit score, which could be utilized in direction of just about any buy with Capital One Journey.

Whereas there is likely to be a slight trouble issue to some in utilizing a portal, this actually shouldn’t be that tough to maximise on a flight, lodge, or automobile rental. Personally I plan on simply reserving a $300+ flight yearly via the portal, and that’ll get me the $300 assertion credit score.

To fellow Enterprise X cardmembers, what’s your plan for utilizing the $300 annual journey credit score?