Capital One Travel Credit: How Does It Work?

Capital One offers a range of travel credit cards that provide benefits such as annual travel credits, lounge access, Global Entry or TSA PreCheck reimbursements, and bonus miles. These cards can be used to book flights, hotels, and rental cars through the Capital One Travel portal, which offers price predictions, price matching, and price drop protection. Capital One miles can also be transferred to partner airline and hotel loyalty programs and redeemed for award flights and hotel stays.

Annual travel credits

The Capital One Venture X Rewards Credit Card is a premium travel credit card with an annual fee of $395. One of the benefits of this card is the $300 annual travel credit, which can be used for any bookings made through the Capital One Travel portal. This includes flights, hotels, and car rentals. The credit can be used all at once or spread across multiple transactions.

To use the travel credit, you must be a Venture X cardholder with an online account. You also need to ensure that your account is open and in good standing.

The $300 annual travel credit resets on the anniversary of the account opening date and does not roll over to the next year. Therefore, it is recommended to keep track of your card anniversary date to remember when to use the credit.

It is important to note that you won't earn rewards on the portion of the purchase that the credit was applied to. Additionally, the credit can only be used by the customer to whom it was issued and cannot be transferred to another person.

The Capital One Venture X Rewards Credit Card also offers other benefits, such as lounge access, statement credits for travel, and TSA PreCheck or Global Entry reimbursement.

TSA PreCheck/Global Entry statement credit

The TSA PreCheck/Global Entry statement credit is one of the benefits of the Capital One Venture X Rewards Credit Card. It is a premium travel rewards card with a $395 annual fee. Cardholders receive a range of benefits including a $300 annual travel credit, Priority Pass membership, 10,000 bonus miles every anniversary, access to Capital One lounges, and a minimum of 2 miles per dollar spent for every purchase.

The TSA PreCheck/Global Entry statement credit covers up to $120 of the application fee for Global Entry or TSA PreCheck. Global Entry includes TSA PreCheck and its benefits but also gives you expedited U.S. customs screening when travelling internationally. Upon returning to the U.S., you can use an airport kiosk that should be much faster than traditional customs inspection lines.

Global Entry costs $100 for a five-year membership, while TSA PreCheck costs $77.95 to $85 for a five-year membership, depending on the enrollment provider.

Lounge access

Capital One has its own airport lounges, known as Capital One Lounges, at the following airports:

• Dallas-Fort Worth International Airport
• Denver International Airport
• Washington Dulles International Airport

The Capital One Lounges are the bank's response to AmEx's Centurion Lounges, which are more expensive to access. The Capital One Lounges are designed to cater to travellers' varying needs. For example, the Dallas-Fort Worth location has a grab-and-go section for people who are just stopping by for a quick snack or coffee, and a separate section for people who plan to spend a few hours there during a layover. Some unique amenities include a yoga and cycling room with Peloton bikes, and two meditation rooms with napping pods. Day passes to the Capital One Lounges cost $90, although certain cardholders and their guests are entitled to discounts.

In addition to the Capital One Lounges, Capital One Venture X cardholders can access lounges worldwide with Capital One's Partner Lounge Network, which includes Priority Pass and 100+ Plaza Premium Lounge locations. For Priority Pass, enrollment is required with an eligible Venture X credit card through the Capital One Priority Pass page. Additional terms and conditions apply.

Kids under 2 are welcome for free, and all other travellers can enter Capital One Lounges for $90 per visit. Eligible Capital One Venture X and Venture X Business cardholders can enjoy unlimited complimentary access plus complimentary entry for two guests per visit. Additional guests are charged $45 per visit.

Anniversary bonus

The Capital One Venture X Rewards Credit Card offers a 10,000-mile bonus every year on the cardholder's account anniversary. This bonus is worth $100 towards travel and is deposited into the cardholder's account. This perk can help justify the annual fee because it effectively reduces it by $100.

The Venture X card is a premium travel rewards card with a $395 annual fee. The card offers a range of benefits, including a $300 annual travel credit for bookings made through Capital One Travel, up to a $120 TSA PreCheck or Global Entry enrollment credit, airport lounge access, and a set of trip protections.

The anniversary bonus is one of the key features of the Venture X card, providing cardholders with additional value and helping to offset the annual fee. Cardholders can use the bonus miles to cover travel expenses or transfer them to their choice of travel loyalty programs.

Overall, the Venture X card offers a competitive package of benefits, including the anniversary bonus, which makes it a attractive option for travellers seeking a premium travel credit card.

Statement credit for bookings

The Capital One Venture X Rewards Credit Card offers a $300 annual travel credit for bookings made through the Capital One Travel portal. This credit can be used for any travel bookings, including flights, hotels, and car rentals. To use the credit, cardholders must book their travel through the Capital One Travel portal and pay using their Capital One Venture X Rewards Credit Card. The credit can be used for a single purchase or multiple smaller purchases until the total credit amount of $300 is reached. It is important to note that the credit is based on the cardholder's anniversary year and does not roll over to the next year.

There are several benefits to using the Capital One Venture X travel credit. Firstly, it helps to offset the card's annual fee of $395, providing a significant value to cardholders. Additionally, Capital One Travel offers price drop protection, powered by Hopper, which provides price predictions based on past and current data. If the price of airfare drops within 10 days of booking, cardholders can receive a credit of up to $50 for future use through Capital One Travel. Furthermore, if a booking is cancelled, the travel credit can be reused for another purchase before it resets on the cardholder's anniversary date.

However, there are also some drawbacks to using the Capital One Venture X travel credit. One of the main cons is missing out on hotel elite benefits. When booking a chain hotel through an online travel agency, elite benefits are typically not recognized, and the nights do not count toward status requalification. Additionally, changes or cancellations to flights must be made through Capital One Travel, rather than directly with the airline. Moreover, rewards are not earned on the portion of the purchase that the credit was applied to.

To maximize the value of the Capital One Venture X travel credit, cardholders should aim to use the full $300 credit before it expires. It is recommended to use the credit for booking hotels without elite perks, such as boutique hotels, theme parks, or all-inclusive properties. Keeping track of the card anniversary date is also crucial, as the credit expires and resets on that date. Overall, the Capital One Venture X travel credit provides a valuable opportunity to offset the card's annual fee and enhance the travel experience for cardholders.

Frequently asked questions