We may receive a commission when you use our links. Monkey Miles is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com and CardRatings. This relationship may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Monkey Miles is also a Senior Advisor to Bilt Rewards. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Capital One Venture X Rewards $300 Annual Credit
I think the Capital One Venture X Rewards Credit Card is the best ultra premium card for most people. It earns a base 2x on all purchases, travel portal bonus points, has a great Priority Pass lounge membership, a $300 annual credit in the Capital One Travel Portal, a 10k mile anniversary bonus, and Capital One continues to improve its loyalty program by increasing more 1:1 partners.
It’s pretty easy to see if you’re surpassing the $395 annual fee in value every year. One of the big benefits that helps offset that fee is the $300 annual credit in the Capital One Travel Portal…If you don’t use it, you lose it.
I’ve had the card for a couple of years now and have first hand information on exactly how the $300 travel credit works.
Capital One Venture X Rewards Credit Card
If you’re looking to add a super premium card to your wallet without having to calculate whether you’re recouping the annual fee every year… the Capital One Venture X Rewards Credit Card may very well be the best fit for you. 2x miles everywhere, lounge perks, and great travel partners make this a killer card
Welcome Offer
75k Capital One Miles after $4k in 3 months
Annual Fee
$395
Points Earned
Transferrable Capital One Miles
The Capital One Venture X Rewards Credit Card offers 2x miles on every single purchase you make, a $300 annual credit when booking in Capital One Travel, 10k Miles every year you keep the card ( worth a minimum of $100 in portal ), Priority Pass, Cap1 Lounge Access + when booking via the Capital One Travel Portal you’ll earn 10x miles on hotels and car rentals + 5x miles on flights.
The travel credit and 10k anniversary bonus miles alone recoup the $395 annual fee and they have a great list of transfer partners.
It’s an absolutely killer offer from Capital One.
- 2x miles on every single purchase without limit
- 10x miles hotels and rentals cars in Capital One Travel Portal
- 5x miles flights and vacation rentals booked through Capital One Travel
- $300 Annual Credit within the Capital One Travel Portal
- 10k bonus miles after each anniversary
- Lounge access
- Capital One Lounge Access
- 2 guests allowed and $45 for every guest after that
- Authorized Users get access as well
- Add 4 Authorized Users free of charge
- Priority Pass Select access
- Unlimited complimentary access for you and two guests to 1,300+ lounges, including Plaza Premium lounges
- Capital One Lounge Access
- Receive up to a $120 credit for Global Entry or TSA PreCheck®
- Credit valid every 4 years
- Complimentary Cell Phone Insurance
- Hertz President’s Circle Status
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- No fee for up to 4 authorized users
- $395 Annual
The best ever offer was 100k after $10k spend in 6 months when the card first debuted, but 75k has been the offer ever since.
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
What can you use the $300 Travel credit on?
Anything that you book in the portal. Flights, Hotels, Car Rentals. Book through the Capital One travel portal and you can trigger the credit.
The Capital One Venture X $300 Annual Credit Applies at check out
As you can see below, the credit is now applied during check out and is no longer issued as a statement credit. While this makes it easier to apply the credit, you no longer earn points on the $300.
Do I earn miles on Capital One Travel Portal bookings that qualify for the $300 travel credit?
Because the travel credit is issued at the time of booking, you don’t earn Capital One Miles on the booking. However, if you book an airline ticket, you should earn the miles of the program booked.
How long does it take for the Capital One Venture X Rewards Credit Card travel credit to populate?
It used to take approximately 4 days. I booked, the purchase hit on April 4th, and on April 8th it was removed.
But now, it can be applied at the time of booking so there is no wait at all!
What should I use my Capital One Venture X Rewards Credit Card $300 travel credit on?
I would use it on purchases you don’t care about earning any elite status nights, miles, or points on. Why? If you book through the Capital One Travel Portal, you will earn Capital One Miles on that purchase, but you won’t earn any hotel points, car rental points, etc. You may end up earning Airline miles and elite miles, but this is specific to the airline you are booking and how they process the booking.
One thing you can do with hotels, and your luck will vary, is give a hotel your loyalty number upon check in and see if they extend any benefits. Hit or miss, but worth a try.
Capital One Premier Collection
I would recommend using the credit at independent properties where you aren’t sacrificing earning elite status, but more specifically, I would check out the Capital One Premier Collection that the Capital One Venture X Rewards Credit Card gives you access to with card membership. Not only could you get up to $300 via the travel credit, but you’d also get fringe benefits as well. These are higher end properties, in select cities, and the portfolio continues to get bigger and bigger.
A look at some of the benefits.
An example: Virgin Nashville…you’d still have some taxes on top of this, but not a bad grab at under $300 for the nightly rate with all of those benefits up above.
Capital One Lifestyle Collection
The Lifestyle Collection is available to customers with a U.S.-issued, eligible Capital One Venture X, Venture X Business, Venture, and/or a Spark Miles credit card so you could use your credit on these properties as well.
- Earn 10X miles on bookings with Venture X and Venture X Business, and 5X miles with Venture
- $50 experience credit to use during your stay*
- Room upgrades
- When available
- Free Wi-Fi
- Early check-in
- When available
- Late checkout
- When availabl
As you can see, sometimes properites within a group can be included in the Lifestyle Collection or the Premier Collections
Airfare
You can apply the credit to airfare, and then once you’ve been issued the ticket, use the Record Locator or PNR to add your frequent flier number. This way you’re earning miles/elite status.
Recap
The Capital One Venture X Rewards Credit Card $300 annual travel credit offsets all but $95 of the card’s annual fee. That’s incredible, and when you factor in the 10k mile anniversary bonus, you’re effectively holding the card fee free.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.