Credit Card Showdown – Forbes Advisor

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welcome bonus

The Capital One Venture X Rewards credit card has grabbed headlines with its aggressive and generous welcome bonus. Currently, the Capital One Venture X Rewards credit card offers a welcome bonus: 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening.

While the amount of spending required to unlock the bonus may deter some, this bonus also stands out for its qualification window.

Currently, the welcome bonus for the Chase Sapphire Preferred is less generous: 60,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening.

Hotels and rental cars booked through the portal

The Capital One Venture X Rewards Credit Card offers a whopping 2 miles per dollar on all eligible purchases, 5 miles per dollar on flights booked through Capital One Travel and 10 miles per dollar on hotels and rental cars when booking. booking through Capital One Travel. Since hotels can represent a substantial portion of travel expenses, this can be an incredible return on a large amount of expense if you travel frequently. The Chase Sapphire Preferred® Card awards 5 points per dollar on travel purchased through Chase Ultimate Rewards®, 3 points per dollar on dining, select streaming services and online grocery purchases (excluding Walmart Clubs, Target and Wholesale), 2 points per dollar on all other travel purchases and 1 point per dollar on all other purchases.

Not all travelers will be able to book travel through a bank’s travel portal and you may find travel deals elsewhere that are not available through Capital One Travel. Still, the thought of earning 10 points per dollar should make you seriously consider at least checking out the Capital One travel portal to see if you’re able to book your hotels and rental cars through them. Keep in mind that hotel stays booked through a portal are generally not eligible for Elite status benefits or earning points through the hotel’s loyalty program.

Points on general purchases

The Chase Sapphire Preferred® Card offers bonus point earnings in a wide range of categories, but sometimes nothing compares to earning 2 points per dollar on general purchases. Rewards Maximizers usually need to carry an additional card in order to earn generous rewards on everyday purchases. This is not the case with the Capital One Venture X Rewards credit card. The card awards 2 points per dollar spent on all purchases not included in a bonus category, meaning you can carry and use one card for all of your purchases without worrying about missing out on rewards.

Annual travel credits

The Capital One Venture X Rewards Credit Card offers up to $300 in annual travel credit for bookings made through the Capital One Travel portal. This credit is both larger and more versatile than Chase Sapphire Preferred’s $50 Annual Ultimate Rewards Hotel Credit because the Capital One Venture X Rewards Credit Card Travel Credit can be used for a wide variety reservations through Capital One Travel, including flights, hotels and more. .

All you need to do to unlock travel credit on the Capital One Venture X Rewards credit card is book $300 of travel through Capital One Travel. If you usually book travel through a corporate travel agency or directly on hotel and airline websites, you will need to book at least $300 of travel through Capital One’s portal in order to unlock the total value of the credit.

Access to the airport lounge

The Capital One Venture X Rewards credit card offers cardholders lounge access through Priority Pass, a network of more than 1,400 airport lounges worldwide. Access to Priority Pass lounges is granted to the primary cardholder and up to two additional guests. In addition to Priority Pass lounges, you’ll have access to Capital One’s small but growing network of airline lounges.

The usefulness of lounge access benefits will depend heavily on your travel habits. The Priority Pass lounge network is strong internationally, but is less robust than the Delta Sky Club, Admirals Club and United Club networks within the US Capital One lounge network only includes Dallas (DFW) as of February 2022, but will expand to include Denver (DEN) and Washington-Dulles (IAD) later in 2022.

Benefits for Authorized Users

If you’re looking to extend the benefits of your card to your spouse, another family member, or a trusted friend, the Capital One Venture X Rewards Credit Card offers incredible value. The Capital One Venture X Rewards Credit Card offers authorized user cards at no additional cost who have access to many card benefits and benefits. The most notable benefit of being an authorized user of a Capital One Venture X Rewards credit card is that authorized users receive their own Priority Pass membership. Many other premium credit cards that provide lounge access charge additional fees for authorized user cards.

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