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Amex Platinum Card vs Capital One Venture X

At our sample profile ($31,100/yr spend, only “easy” credits counted), the Amex Platinum Card comes to $3,096 in the first year and −$142 a year after that; the Capital One Venture X comes to $2,267 and $1,162. Annual fees are $895 and $395, against $2,724 and $330 a year in stated credits. Figures from the issuers’ pages, checked October 23, 2026; your spending will change the result.

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

	The Platinum Card® from American Express	Capital One Venture X Rewards Credit Card
Issuer	American Express	Capital One
Annual fee	$895	$395
Welcome bonus	As high as 175,000 points≈ $3,238after $12,000 in 6 months	75,000 miles≈ $1,275after $4,000 in 3 months
Rewards currency	Amex Membership Rewards	Capital One Miles
Value per point	~1.85¢ each, median of 6 published valuations	~1.7¢ each, median of 7 published valuations
Earning	5x Flights (booked with the airline) up to $500,000/yr 5x Travel booked on the card’s own travel site 1x everything else	10x Travel booked on the card’s own travel site 2x everything else
Fee vs stated credits	$895 vs $2,724stated credits a year (face value)	$395 vs $330stated credits a year (face value)
Yearly cost after year 1	$865fee − $30 of “easy” credits (our default)	$65fee − $330 of “easy” credits (our default)
Year 2+ value*	−$142 each year after the first, after the annual fee	$1,162 each year after the first, after the annual fee
First-year value*	$3,096	$2,267
Credits & perks	Hotel credit (Fine Hotels + Resorts / The Hotel Collection) niche $600/yr · up to $300 Jan–Jun + $300 Jul–Dec Airline fee credit niche $200/yr · up to $200 per calendar year Uber Cash niche $200/yr · $15/mo + an extra $20 in December Uber One membership credit niche $120/yr · up to $120 per calendar year CLEAR+ credit niche $219/yr · up to $219 per calendar year Resy credit niche $400/yr · up to $100 each quarter Digital entertainment credit niche $300/yr · up to $25/mo lululemon credit niche $300/yr · up to $75 each quarter Walmart+ membership credit niche $155/yr · up to $12.95/mo + tax Oura credit niche $200/yr · up to $200 per calendar year Global Entry ($120) or TSA PreCheck (up to $85) fee credit easy $120 every 4 yrs ≈ $30/yr · once every 4 years (Global Entry) / 4.5 years (TSA PreCheck)	Annual Capital One Travel credit easy $300/yr · $300 each year Global Entry / TSA PreCheck credit easy $120 every 4 yrs ≈ $30/yr · up to $120 (we count it once every 4 years)
Perks (no $ unless the issuer states one)	American Express Global Lounge Collection: 1,550+ lounges incl. Centurion, Priority Pass (enroll), 10 Delta Sky Club visits/yr on Delta flights ($850/yr issuer-stated) Marriott Bonvoy Gold Elite and Hilton Honors Gold status (enrollment required) Leaders Club Sterling status Avis, Hertz and National car rental premium status The Hotel Collection: $100 property credit on 2+ night bookings	Capital One Lounges and 1,300+ Priority Pass lounges (enrollment required for Priority Pass) Hertz Gold Plus Rewards status upgrade (enrollment required) Premier Collection: $100 experience credit on each booking
Source	Issuer page	Issuer page

Face value isn’t real value: a credit only saves you money if you’d have spent it anyway. *Year 2+ and first-year values use our sample profile and default credit ticks. Add a third card · How we calculate

Amex Platinum Card vs Capital One Venture X: quick answers

Which has the bigger welcome bonus, Amex Platinum Card vs Capital One Venture X?

The Amex Platinum Card has the bigger headline bonus in dollars: As high as 175,000 points (≈$3,238) vs 75,000 miles (≈$1,275), at median published point values, checked October 23, 2026.

Which has the lower annual fee?

The Capital One Venture X: $395 vs $895 a year.

Which costs less after year 1, once credits are counted?

Yearly cost after year 1 (annual fee minus the easy credits we count by default): Amex Platinum Card $865, Capital One Venture X $65. Tick the credits you’d really use on each card page to get your own figure.