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Capital One Venture X Rewards Credit Card

Capital One Miles
Welcome bonus
75,000 miles
≈ $1,275 at 1.7¢ per mile
after $4,000 spend in 3 months
Annual fee$395 
Value per mile~1.7¢median of 7 published valuations
First-year value*$2,267easy credits counted · $1,937 with none
Year 2+ value*$1,162each year after the first, after the fee · $832 with no credits
$395 fee vs $330 in stated credits a yearFace value. You’d use $330 by our default → yearly cost after year 1 $65 ↓
Worth ~1.7¢/mi, median of 7 published valuations

Range 1.3–2.09¢. Checked 2026-10-23. How we use these

See the offer on Capital One’s site ↗ Run your own numbers

Data checked by Chris Manns · Last updated October 23, 2026

Source: Capital One card page · checked October 23, 2026. *Value uses our sample profile ($31,100/yr spend, no favorite airline or hotel) and the community value of 1.7¢ per mile (median of published valuations) — see method.

Credits & perks

Annual fee$395
vs
Stated credits a year$330face value, as Capital One states it
Face value isn’t real value. A $25-a-month credit for something you’d never buy is worth $0 to you, and most credits are use-it-or-lose-it by month, quarter or half-year. Tick only what you’d spend on anyway.

Which would you actually use?

Our assumption: the boxes ticked to start are the “easy” credits: broad, flexible or automatic (general travel credits, airline-fee credits on any airline, Global Entry/TSA, anniversary free nights). Niche or single-merchant credits start unticked. Your choices are saved in this browser and also used by the calculator.

Your net cost$65Yearly cost after year 1: annual fee − credits you’ll use ($330)
Year 2+ value*$1,162each year after the first, after the annual fee, with your ticks
First-year value*$2,267bonus + earning + credits − fee

Counts each ticked credit at 100% of face value. Global Entry/TSA counts as a quarter a year. Free nights use our point values. *At our sample profile; how credits are counted.

Perks with no stated $ value

Lounges, status, bags and similar. We don’t put a number on these unless the issuer does.

  • lounge Capital One Lounges and 1,300+ Priority Pass lounges (enrollment required for Priority Pass)
  • status Hertz Gold Plus Rewards status upgrade (enrollment required)
  • travel Premier Collection: $100 experience credit on each booking

Source: Capital One card page and benefit terms · checked 2026-10-23.

Is the Capital One Venture X worth the $395 annual fee?

It depends on your use: how much you spend and which credits you’d genuinely use. Here is the site’s own math from Capital One’s page (checked October 23, 2026) and the median of 7 published valuations (1.7¢). Year 2+ value is each year after the first, after the fee, at our sample profile ($31,100/yr spend).

Annual fee$395
Stated credits a year (face value)$330
Earning a year at our sample profile (incl. any annual bonus points)$1,227
Year 2+ value, no credits used$832
Year 2+ value, easy credits only (our default, $330)$1,162
Year 2+ value, every stated credit used ($330)$1,162

On this spending the earning alone covers the fee. This compares the card with having no card; a no-fee card would also earn something on the same spend. Tick the credits you’d use in Credits & perks or run your own numbers.

How it earns

  • 10x Travel booked on the card’s own travel site
  • 2x everything else
  • 10x on hotels and rental cars and 5x on flights and vacation rentals booked through Capital One Travel; 2x on everything else.

Annual bonus points

  • 10,000 anniversary bonus miles each year from the first anniversary

Offer details

  • 75,000 miles after $4,000 in 3 months

Annual fee $395. Credits from the issuer page are in Credits & perks above.

Questions about the Capital One Venture X

What is the Capital One Venture X welcome bonus?

75,000 miles after $4,000 in 3 months, about $1,275 at the median published point value, per Capital One’s card page checked October 23, 2026.

What is the Capital One Venture X annual fee?

$395 a year, as listed on Capital One’s page on October 23, 2026.

How much are its miles worth?

About 1.7¢ each: the median of 7 published valuations (range 1.3–2.09¢), checked October 23, 2026.

What credits does the Capital One Venture X include?

$330 a year in stated credits at face value, across 2 credits. By our default (only easy, flexible credits) you’d use $330, so the yearly cost after year 1 is $65.

Is the Capital One Venture X worth the $395 annual fee?

It depends on your use. On Capital One’s figures (checked October 23, 2026) the fee is $395 a year against $330 a year in stated credits at face value. At our sample profile ($31,100 a year of spending) its earning (including any annual bonus points) is worth about $1,227 a year at 1.7¢ per mile, so Year 2+ value is $832 if you use none of the credits, $1,162 with only the easy credits we count by default, and $1,162 if you’d use every stated credit in full. On this spending its earning covers the fee even before credits. These figures compare the card with having no card; a no-fee card would also earn something on the same spend.

Data notes:
  • Capital One: not eligible if you received a new cardmember bonus for this product in the past 48 months.

The math at our sample profile

Sample: Dining & takeout $4,800 · Groceries $7,200 · Gas & EV charging $2,400 · Flights (booked with the airline) $2,000 · Hotels (booked with the hotel) $1,500 · Other travel $1,200 · Everything else $12,000. Credits: our default “easy” ticks.

Welcome bonus: 75,000 miles × 1.7¢$1,275
A year of earning: 62,200 miles × 1.7¢$1,057
Annual bonus points (10,000) from year 2$170
Annual Capital One Travel credit$300
Global Entry / TSA PreCheck credit ($120 ÷ 4 yrs)$30
Annual fee−$395
First year / Year 2+$2,267 / $1,162

Use my own spending →

Verify everything on the issuer’s site before applying; offers change and may differ for you. We don’t list APRs: see the issuer’s pricing & terms. TravelCardMath earns nothing from this card today.