Capital One Venture Rewards vs. Venture X: Is the Upgrade Worth It?

When it comes to maximizing travel rewards, the Capital One Venture Rewards and Venture X cards stand out as two popular choices among U.S. travelers. Both cards offer enticing benefits and rewards structures, but they cater to different types of travelers. In this article, we’ll break down the key features of each card, helping you decide whether the extra cost of the Venture X is justified for your travel needs.

The Capital One Venture Rewards Credit Card is an excellent option for occasional travelers who want to earn miles without breaking the bank. With a $95 annual fee, this card allows you to earn at least 2 miles per dollar on all purchases, making it a straightforward and valuable choice for those who don’t travel frequently.

On the other hand, the Capital One Venture X Rewards Credit Card comes with a higher annual fee of $395 but offers a more premium travel experience. Designed to compete with other high-end cards like The Platinum Card® from American Express and the Chase Sapphire Reserve®, the Venture X provides a suite of benefits that can significantly enhance your travel experience if you can take full advantage of them.

Both cards currently feature the same welcome offer: new cardholders can earn 75,000 bonus miles after spending $4,000 within the first three months. According to TPG’s August 2025 valuations, this bonus is worth approximately $1,388, ensuring that you receive solid value regardless of which card you choose.

Benefits and Perks

The Venture Rewards card offers a range of travel-related benefits, including up to $120 in credits for TSA PreCheck or Global Entry, as well as essential travel insurance options like rental car and travel accident insurance. Cardholders also gain access to Capital One’s Lifestyle Collection, which features a selection of hotels and experiences.

In contrast, the Venture X card boasts a more robust list of benefits that may justify its higher annual fee. For instance, it provides a $300 annual credit for bookings made through Capital One Travel, making it easier to offset the card’s cost. Additionally, Venture X cardholders enjoy complimentary access to Capital One lounges, allowing them to bring two guests for free until February 1, 2026. After that date, a spending requirement will be introduced to maintain free guest access.

Another significant advantage of the Venture X is its Priority Pass lounge membership, granting access to over 1,700 lounges worldwide. While guests can enter for free until January 31, 2026, a fee will apply for guests thereafter. Moreover, the Venture X allows you to add authorized users at no additional cost, though there will be a fee for lounge access after the initial free period.

Annually, Venture X cardholders also receive 10,000 bonus miles, worth about $185 based on TPG’s valuations, alongside access to both the Lifestyle Collection and the luxury Premier Collection of hotels.

Earning and Redeeming Miles

Both cards excel in their earning potential. They earn bonus miles on travel booked through Capital One Travel and 2 miles per dollar on all other purchases. However, the Venture X card outshines the Venture Rewards when it comes to specific categories. While the Venture Rewards earns 5 miles per dollar on hotels and rental cars booked through Capital One Travel, the Venture X earns 10 miles per dollar on those same purchases and 5 miles per dollar on flights and vacation rentals.

When it comes to redeeming miles, both cards offer similar options. You can transfer your miles to over 15 airline and hotel partners, which can yield the highest value. Alternatively, you can redeem your miles for statement credits at a rate of 1 cent per mile for travel purchases or for gift cards. While both cards allow for cash back redemption, the rate drops to 0.5 cents per mile, making it less desirable.

Final Verdict: Which Card is Right for You?

If you’re looking to keep annual fees low while still benefiting from a solid rewards program, the Venture Rewards card is a strong contender. It offers a straightforward earning rate, access to Capital One’s transfer partners, and essential travel benefits for just $95 a year.

Conversely, if you frequently travel and can leverage the airport lounge access and $300 annual travel credit, the Venture X card may be the better choice. Its enhanced earning potential and premium perks can significantly enhance your travel experience, making the higher annual fee worthwhile.

For those already holding the Venture Rewards card, upgrading to the Venture X is straightforward. Simply call the number on the back of your card to request a product change. While you won’t receive the welcome bonus, you’ll gain access to a wider range of benefits without needing to reapply.

Both the Venture Rewards and Venture X cards provide excellent opportunities for earning travel rewards, making them suitable options for a variety of travelers. Whether you prioritize low annual fees or premium travel perks, you can find value in either card.

To learn more about each card’s features and benefits, check out our full reviews of the Capital One Venture Rewards and Venture X cards.

Remember, when choosing a credit card, consider your travel habits and preferences to find the best fit for your lifestyle. Happy travels!