To clarify the lounge access. Checking terms and conditions of the priority pass via capital one there is no set limit. The lounges may set a limit but the card does not. capitalonetravel.com/lounges/partner-lounge-network/? And thank you all for pointing out the authorized user limit!! Love that we have such a knowledgable community!! Apologies on my end of any confusion.
Not sure what limit you are referring to... The link you posted here says- "Eligible Venture X cardholders get unlimited complimentary access for you and two guests".
Anniversary credit is actually really smart on their part. You effectively pay them $100 which I’m sure they invest in the market/business, they hopefully turn it into say $120, give you the $100 at the end of the year and keep the $20. Basically taking a loan from you w 0% interest I’m sure the card still makes sense for a lot of people but if you aren’t using the benefits can always just put $395 in the market
They definitely will make money on that one hundred. Capital provides financial products for mainly sub prime customers. Great comment I definitely did not think of it. Now it all makes sense how they manage to keep the venture x going.
Depends on if you use the benefits. I like the visa infinite access for the medical insurance. Covers $2500 in expenses, so I don't have to purchase travel insurance as long as I'm traveling in countries with cheap medical access. Saves me $75/month.
You cannot reliably make 20% return in one year. Even among big banks. Good theory, doesn't work. This is just them trying to get customer to sign up and later they will bump fee.
@@adityapatel9735 yeah that was just an easy number for the hypothetical lol. Sub it with whatever number you want, point was just that the time value of money is a real thing. So yeah, it is a good theory, and it does work. And it doesn’t at all preclude what you’re saying either, no single factor will explain it, but a part of it is absolutely that it’s an interest free loan.
Honestly the free authorized user + unlimited priority pass guests is worth it for this card. It was nice when the priority pass had restaurants until early 2023, but now just like everyone else (except Chase)
Can you do a review on chase savor one and link with venture card. Also can you explain it a user uses chase savor one can he transfer points to venture x?
Everyone is pushing this card hard. I fell for it and got the card. We have excellent credit and pay all cards in full at the end of month. In any case, booked my first travel through Capital One Travel. The booking went smoothly. What didn't go smoothly is my return flight from Turkey to US. They messed up my reservation apparently but refused to take blame. I had to sit on the call with them for over 8 hours and with 7 reps because their phones kept getting disconnected. Finally I got a refund on the return half of the flight that came nowhere near covering what I had to pay to get back home. We're paying off the final balance and closing the account. Trust me, their customer service is set up to avoid taking any loses. They will pass the bill onto you for any mistakes that they make.
While I sympathize with you, it is common knowledge that you should not use OTA for big trips. You should really be booking economy flights through airlines such as delta, AA or any other airline that will reflect the tickets on their own app immediately after booking through OTA. This way you KNOW that the airline will take care of any issues rather than the OTA. I have booked multiple times through different OTA and have never had a problem when booking with the right airline. If doing international, from my experience, even on economy flights, its usually best to book through transfer partners or cash directly than through OTA.
@@ryanrodriguez5293 this is good information however if you don't book through their portal, you won't get the 5x points for the cost of the flights which equates to roughly 20-25K miles for a round trip.
Great video. You can only have 4 AU’s.. and the priority pass is lounge only not restaurants, as of Jan 2023. The Ritz Carlton has unlimited AU’s and can do both lounge and restaurants.
Great catch on that! I believe guest limits are 2 for Plaza and Cap 1 lounges but still unlimited for Priority Pass. It's confusing because Priority Pass says limit 2 but Cap 1 says unlimited. I'm sure if it came down to it you can get any charged refunded by Cap 1. Thanks for the comment!!
Hey John Thank you so much for all of your hard research and dedication to all of your videos. I really learned a lot from you about this card and I finally got two. Capital one X and Bilt! Also, there’s a small hidden benefit i recently discovered. You can get 50% off on all handmade drinks in all capital one cafe! It’s so awesome. Down the road, could you please teach me how to utilize capital one points to maximize the savings and buy cheap flight tickets? Thank you John and keep up your hard work!!
I have this card and keeps surprising me with the power of having it . Enjoyed great lounges in Dubai and Doha . Also , We recently had a reunion In FL and it covered my entire check at the restaurant for four of us at the airport as there was no lounge at FLL.
Pro tip: you can only upgrade to PC only if you book a at least full-size car, compact will not gonna work, they will charge you extra for the upgrade.
Your math on the AMEX Platinum is not correct….even at $695 per year the benefits are still a net positive back to the cardholder. $200 hotel credit, $200 airline credit, $200 UBER credit, $100 Saks credit…five bucks back into your pocket and that doesn’t even include the HIlton/Marriott, Hertz, Avis, etc benefits. Oh, and add Centurion lounge access (with def more than one in the US unlike CapOne)
One thing I wish I knew before I got the Venture X was that the $300 travel credit is only through the travel portal. It’s a nice credit, but you will not be able to earn or use status with the hotel or airline you book.
I was hesitant about the portal too. I booked three nights in Medellin, Colombia. Received credit within five days. No issues with check-in thankfully.
I'm keeping the plat and downgrading the vx this year. For someone that's based in lax, there are no priority and plaza premium lounges. So plat's centurion and delta works the best
Big fan of the Venture X and I appreciate this video! Only thing I would say is that calling this “hidden benefits” then naming all the benefits that are easily accessible information is misleading. -1 point. But I get the RUclips hustle.
Hey John, I'm looking to get my first travel credit card. When I go traveling abroad I always stay at airbnbs (not hotels). I was wondering, is the Venture X card good towards airbnb purchases? ...or is there a specific credit card you'd recommend primarily to use for numerous airbnb bookings? Thanks for the great content!
My balance is negative 300 right now because they offer statement credits for certain vendors. The amount they give you back varies. Today for example they have viator at 9% back, hertz at 5%, and VRBO at 5%. I've seen Viator at 11% and VRBO at 9% but like I said it goes up and down. I travel enough that I do both chase and Venturex. The vX has paid for itself many times already.
I know this is so old, but I tried this: Used my amazon card (or any card that gives you elevated bonus on amazon) to get airbnb gift-card with the amount I need, so I got the 5% back from amazon using that card. Then used that gift card to book my airbnb.
Is the maths right. You only get the 100 dollars on the anniversary. Which is also when you pay another 395 dollars too. So you don’t make 5 dollars until year 2.
I know you mention shopping offers compared to instore offers, however I only see what looks like online shopping offers. Even the costco $11 is online and it's when you sign up for a membership. It would be awesome if capital one also did in-store (card swipe) offers like AMX and Chase.
awesome like 7 or 8 people I know got the amex platinum over the venture x just last week lol these seems to have more benefits especially avoiding the overcrowded lounge
Hey John hopefully you see this message I watched your youtube videos about every credit card but i don’t know which one to get. I used a secured credit card to build my credit and I have a 690 credit score. I am a high school senior will graduate next month, what credit card do you recommend me to get.
You’re still young, so I’d keep building up your credit and look at the BILT credit card when you get to a 720 or higher. It’s fairly new, but there’s no annual fee and there’s a lot of benefits and it’s been getting a lot of traction on RUclips recently. Also, don’t apply for any store cards unless you always shop there. Most of the offers are really bad and the APR‘s are horrible for the benefits they give. Just stick with the premium ones. And one last thing, since you’re still young, you have the advantage of average age of accounts. Which basically means you should apply for the majority of your cards over the next few years then don’t apply for anything for a while. That way your average age of accounts will be high and you won’t have any hard pools on your credit after two years and you’ll just be strictly building your credit from then on. And if you have any cards with a certain bank, you can ask for a product change to a higher tier card, and usually that will keep the same date as your previous card, depending on who it’s with. Look at all of the factors that affect your credit score, and just see the best way to play it. I hope this helps!
Quick question: For the Premier collection, can you book those stays with points and also get access to the $100 experience credit? If anyone has experience, let me know! Great video all around John!
Hi John, I have the Venture X. Is it worth it for a player 2 to have venture X as well? My partner is 3/24 at the moment, but I'm over the limit. I'm wondering if it's worth for her to get it, too.
Great question Steven, I'd say if you know exactly what you wanna do with the points yes. But why not save a 5/24 slot an go for Chase Ink cards instead?
I almost got this card recently, but the fact that they don't offer a way to downgrade the card, in case I'm not traveling as much in a few years was kind of a deal breaker. Also, the Sapphire Preferred had the 90k points welcome bonus, so I went with that one instead. This one is still very attractive though.
I think you can downgrade it to the venture card which is $99 a year. You just have to let them know 60 days prior to your annual fee hitting your account.
@@izadorad Maybe the people I talked to were wrong, but I talked with someone at the bank and called they're credit card department a couple of times to confirm and they all told me there were no downgrades options with this card. I really wanted that card though.😔
@@lamfgames I haven’t tried downgrading it yet but everywhere I have seen you can downgrade it. I googled it and it said you could on the website. Maybe it’s because they tried downloading after the 60 day notice so that would makes sense. Most people tried to do it a week or so before not two months.
I noticed after making a REFUNDABLE reservation and then canceling a hotel reservation through Capital One Travel Portal… Capital One still gave me the $300 travel credit… keep this on the low.
Question: So unlike Chase, the Priority Pass of the Venture X does not include, restaurant, ok, but what about other services such as Minute Suites? Do those work or are they also exclusive to the CSR? Meaning, is the Priority on the Venture X quite literally ONLY for lounges?
How does the company make money? Seems to good to be true! Also a couple more questions if anyone can answer these… 1. When / how do you receive the $300 travel credit? 2. Are there any additional hidden costs that I’d be surprised with in order to use of the benefits? 3. I fly mostly United (and sometimes Jetblue). I don’t see them as Transfer partners…does that mean I should go with Chase instead?
1. You just gotta book through their portal to get the credit. I just bought a $370 flight through their portal and expect to receive $300 back within the next statement. 2. No hidden costs, if anything their portal is super straight forward and easy to navigate. I also found it was either cheaper or exactly the same as other sites when it came to flights or rental cars. The other benefits also do not have additional costs, you just gotta activate them through their corresponding sites. 3. Go for both. This is a keeper card because of the benefits and the fact they literally pay you to have it. But you also can't go wrong with Chase and their United card. I have it and rarely fly United and still manage to get value, so if you used them all the time it is super worth it for the free bags and priority boarding alone!
@@Sabitar1 Thank you for this response! I'm just seeing it now and I didn't apply for the card yet, but I'm looking into it again. You mentioned going for both the United card and Venture X...but my question is...I have to use the Chase card to purchase the flights if I want the free bags right? And I need to use the Venture X card to purchase the flight if I want their perks...so is there a way to really benefit from both?
Hey John, randomly discovered your channel in my recommended. How do you feel about skipping tiers in general? I've had a Quicksilver for years now without thinking about upgrading, but I have exceptional credit and travel often for work using my own card, some of those trips being to Asia on business. Thanks if you see this!
Welcome to the channel! Great question, and personally I have no problem with skipping tiers. As long as you can manage the features of the cards then go for it. Best of luck!
@@johnsfinancetips Thanks! Any idea how long the application process takes usually? I want to make sure it lines up with one of my upcoming trips so I can make sure I'm putting $4000 on it
@@rphillipps16 you'll know if you're approved or denied within a couple of minutes of initially apply for the card. If you get denied and call the reconsideration line they typically take about a week to manually review your application and get back to you.
Hi John, Thanks for all of the information I just subscribe to the channel. I couldn't find the list of corporate codes for rental car and hotels that you mentioned in the video would you be able to share that link in this comment?
“I have a question regarding the Global Entry fee of $100 for 5 years. Is this a one-time credit from Capital One X, or its for every renewal period every 5 years? Additionally, does it cover anything for the authorized user?”
Hi John, my partner just got approved for the Venture X and put me as an authorized user. Does that mean we both get the $400 annual award or just her? Thanks for the great content, we got this card thanks to your recommendation and are very excited!
I'm sure you figured this out already, but for anyone else who might have the same question: the annual bonuses are just for the primary cardholder. So, each is once per year, totaling $400, no matter how many authorized users are on the account. Hope you both are still loving the card!! All the best
Annoying thing is, as far as I can see, authorized users don’t get their own access to Offers nor to create virtual cards. That makes being the main cardholder pretty annoying.
Actually.. 1st year: The math looks like this, $395 annual fee + $300 travel expense through the capital one portal =$695 - $300 travel credit = you actually end up paying $495 for your travels. 2nd year: $395 annual fee + $300 travel expense through the capital one portal =$695 - $300 travel credit - $100 anniversary credit = you actually end up paying $ $295 for your travels. You can see it as paying $0 in travels and $295 annual fee Or paying $295 for travels and a $0 annual fee while taking advantage of the very generous perks. I see it as paying for the first miles out of pocket, $0 annual fees and then use points for a free 2nd vacation with all the card perks.
Your math is mistaken. First, it would be $395 for the first year given your calculations. Second, if you were to theoretically travel to the same place(s) and pay the same anyway, but without this credit card, you'd still be paying that $300 per year. Also, consider the $100 anniversary as a refund at the end of the year and not an allowance for the next year, then it would be a $5 benefit every year with the card ($295) vs. without ($300). The math only falls short if you don't travel, in which case there are probably more suitable cards out there for your lifestyle. This is not accounting for the accumulation of miles or finding potential exclusive discounts here and there, of course.
Im already in the Chase “ecosystem” with the Prime card and Freedom Flex. Is the Venture X still worth it of should I just get the Sapphire Preferred/Reserve
One thing that doesn't get mentioned is you can easily redeem your points for 2 cents per point, effectively making the $100 anniversary credit worth $200
Nice analysis! I have to say, why do so many credit cards have airline miles and such as benefits? I have been on a plane exactly once in the last decade 😂 Great video though!
@@Deci_Bella Because I'm interested in credit cards?? And the other benefits they offer. Plus John talks about way more than just credit cards. It was just a question 😂
There are cashback cards if you don't like travel. Not all cards are travel focused. For those that are travel focused, it is because they are in profitable partnerships with airlines and they've realized that beyond cashback, travel is likely the best reward to offer to the general public. On top of that, many cards offer credits to things that are not travel relate as its easier to offer those with an annual fee rather than offer it as a reward. Can you imagine how poorly a credit card reward would be if the points it acquired were only transferable to something like microsoft? People are constantly traveling, whereas people aren't doing other things like buying computers as much. And travel is a big expense, so it makes sense. On daily, lower cost expenses like eating and groceries are how credits card companies reward you towards the larger cost expense of traveling. That's where multipliers come in. From a business point of view, providing good rewards on something people would do often, but not daily, while being a large expense is a great recipe for rewards outside of cashback.
QUESTION: Just started my cc journey not too long ago; I had a student cc before. I have the Chase Freedom Unlimited and just got the Chase Freedom Flex and am currently working on the sign up bonus. Once I hit ~30% utilization rate on a card, is it smart to switch to the other card assuming I haven't already hit ~30% utilization, start using my debit, or..? I pay the entire balance off monthly so that's no issue. Thanks
You basically never wanna use your debit card unless there's some reason a credit card would get charged a fee. Most, if not all, credit cards allow you to pay off your statement before it's due. So if you hit 30% utilization, simply pay it off and continue using it. In fact, the utilization is only tracked when the credit company sends the info to the credit score people, so as long as you pay if before that date (it's between when you get the statement and when it's due; I think about a week after you receive the statement), it'll be reported as that low. The lower the better (but not 0 cuz they can't report anything if there's nothing to report), so if you notice your utilization going too high, just pay most of it to lower the utilization back to 0-30% (
Never ever ever carry a balance. Only charge what you currently have in the bank (treat it like a debit card). I personally pay off my card in the app every single day. If you ever find yourself carrying a balance into the next month (which causes an interest charge) then you need to switch back to debit for a while to cool down and reassess whether you can handle credit. I got myself into bad credit card debt in my twenties. Eventually wised up and switched to debit for several years. Now I use credit for the benefits but I treat it like handling snakes. It’s inherently dangerous and should always be treated with the utmost respect and reverence.
I am on my capital one account and do not see that costco offer your talking about where i swipe at the store and get a credit. I only see the offer for when i buy at costco online
Hey John, I already have an Amazon Chase Visa and Ink business card but want to get a travel card. Should I just stick with Chase and get Preferred or Reserve or get Venture X?
Did they do away with the experience credit? I didn’t see it when I booked through Capital One travel yesterday. If it’s still there, can it be used for dining at the hotel?
John, Im looking for a credit card that I can seek the rewards from. But I have a concern. This card will mainly be used for work. Im begining to travel a lot in the states and internationally as well. My company reimburses me for everything but i need to pay it up front. However my company has a concur system where i have to book all my flights and hotels through. So im not sure what card to pick, because I may not be able to take full advantage of points as I may not be able to book through the card's preferred booking platform. Any advice??
If they're anything like Chase, she should be all set. Technically she isn't liable for your debt so technically she doesn't HAVE the product. Even though she's an AU. Give them a call to confirm but with Chase it was ok.
I had a quick question, you said the card itself has unlimited authorized users but do you happen to know the rule of thumb on how many people one can bring into the launch? Thanks!
@John Liang I am in the market for a new Travel credit card. I have a family of 5 and we normally travel together. I love everything about the Venture X and love that I do not have to pay to add AU that other premium cards will charge for. Will this be a goood 1st Travel CC to get? CSP just launched 80K points sign on Bonus, I love their travel partners and the fact that I can get 1.25 points when booking airfare, but I will not have access to lounges. Please help me out. What should I do? Thanks
Is there anyway you can get your miles 10x’d after booking outside of the portal if you paid with the venture x card? I found a Hilton/American flight that I booked directly due to the price difference
To clarify the lounge access. Checking terms and conditions of the priority pass via capital one there is no set limit. The lounges may set a limit but the card does not.
capitalonetravel.com/lounges/partner-lounge-network/?
And thank you all for pointing out the authorized user limit!! Love that we have such a knowledgable community!! Apologies on my end of any confusion.
Not sure what limit you are referring to... The link you posted here says- "Eligible Venture X cardholders get unlimited complimentary access for you and two guests".
@@tanvirirfanchowdhury3390 Yup I believe that is the C1 lounge and Plaza lounges while PP has no imposed limit from the card itself
It is useless right now. No one can sign up for Priority Pass with Venture X.
Anniversary credit is actually really smart on their part. You effectively pay them $100 which I’m sure they invest in the market/business, they hopefully turn it into say $120, give you the $100 at the end of the year and keep the $20. Basically taking a loan from you w 0% interest
I’m sure the card still makes sense for a lot of people but if you aren’t using the benefits can always just put $395 in the market
They definitely will make money on that one hundred. Capital provides financial products for mainly sub prime customers. Great comment I definitely did not think of it. Now it all makes sense how they manage to keep the venture x going.
They invest it or give out loans and they get a return on their money we make $5 and they make hundreds
Depends on if you use the benefits. I like the visa infinite access for the medical insurance. Covers $2500 in expenses, so I don't have to purchase travel insurance as long as I'm traveling in countries with cheap medical access. Saves me $75/month.
You cannot reliably make 20% return in one year. Even among big banks. Good theory, doesn't work.
This is just them trying to get customer to sign up and later they will bump fee.
@@adityapatel9735 yeah that was just an easy number for the hypothetical lol. Sub it with whatever number you want, point was just that the time value of money is a real thing.
So yeah, it is a good theory, and it does work. And it doesn’t at all preclude what you’re saying either, no single factor will explain it, but a part of it is absolutely that it’s an interest free loan.
Honestly the free authorized user + unlimited priority pass guests is worth it for this card. It was nice when the priority pass had restaurants until early 2023, but now just like everyone else (except Chase)
Can you do a review on chase savor one and link with venture card. Also can you explain it a user uses chase savor one can he transfer points to venture x?
Only two guest per lounge visit and only 4 AU’s
@@blueclearsky That's my experience as well. For sure only 4 AU's per card.
I thought they changed it to limit to 2 guests.
Everyone is pushing this card hard. I fell for it and got the card. We have excellent credit and pay all cards in full at the end of month. In any case, booked my first travel through Capital One Travel. The booking went smoothly. What didn't go smoothly is my return flight from Turkey to US. They messed up my reservation apparently but refused to take blame. I had to sit on the call with them for over 8 hours and with 7 reps because their phones kept getting disconnected. Finally I got a refund on the return half of the flight that came nowhere near covering what I had to pay to get back home. We're paying off the final balance and closing the account. Trust me, their customer service is set up to avoid taking any loses. They will pass the bill onto you for any mistakes that they make.
Had a very similar experience with Chase!! These big companies could are less about their customers.
While I sympathize with you, it is common knowledge that you should not use OTA for big trips. You should really be booking economy flights through airlines such as delta, AA or any other airline that will reflect the tickets on their own app immediately after booking through OTA. This way you KNOW that the airline will take care of any issues rather than the OTA. I have booked multiple times through different OTA and have never had a problem when booking with the right airline. If doing international, from my experience, even on economy flights, its usually best to book through transfer partners or cash directly than through OTA.
@@ryanrodriguez5293 this is good information however if you don't book through their portal, you won't get the 5x points for the cost of the flights which equates to roughly 20-25K miles for a round trip.
I tend to use them for resorts, and not travel.
Omg!
Check out the Capital One Venture X - bit.ly/jftventurex
Great video. You can only have 4 AU’s.. and the priority pass is lounge only not restaurants, as of Jan 2023. The Ritz Carlton has unlimited AU’s and can do both lounge and restaurants.
Great video, love the content. Just a little correction, the maximum number of AU’s for free is 4
You’re right, thanks for letting me know!!
Only 4 Authorized Users are allowed and you can only bring two guest with you into a lounge.
Great catch on that! I believe guest limits are 2 for Plaza and Cap 1 lounges but still unlimited for Priority Pass. It's confusing because Priority Pass says limit 2 but Cap 1 says unlimited. I'm sure if it came down to it you can get any charged refunded by Cap 1. Thanks for the comment!!
@@johnsfinancetips You are most welcome 🙏🏻 Thanks for doing what you do!
Yeah I have been able to bring in like 7 people in to a priority pass long. All depends on their rules
Capital One Priority Pass member is allowed to bring 2 guests only.
Hey John
Thank you so much for all of your hard research and dedication to all of your videos. I really learned a lot from you about this card and I finally got two. Capital one X and Bilt!
Also, there’s a small hidden benefit i recently discovered. You can get 50% off on all handmade drinks in all capital one cafe! It’s so awesome.
Down the road, could you please teach me how to utilize capital one points to maximize the savings and buy cheap flight tickets?
Thank you John and keep up your hard work!!
By the way, in the CapOne lounge in LA (at the Americana) all drinks appear to be 50% off with any Capital One card.
I have this card and keeps surprising me with the power of having it . Enjoyed great lounges in Dubai and Doha . Also , We recently had a reunion In FL and it covered my entire check at the restaurant for four of us at the airport as there was no lounge at FLL.
But venture x doesn't cover restaurants anymore.
Wait why did they cover your check??
Restaurant things must have happened before 2023
Pro tip: you can only upgrade to PC only if you book a at least full-size car, compact will not gonna work, they will charge you extra for the upgrade.
Great call out!!
What is pc? And why is it so hard to type out the word? Were you in military where everything is an acronym?
@@mreega4812I think he means President's Circle from the video. It took me a moment to figure it out, too.
The thing about the authorized users is misleading. You get up to 4 AU’s for free. Not unlimited amount for free.
4 is a lot though, fair enough
@@NMartin2u yeah for sure it’s more than most people will need. But a caveat nontheless
Love this content! Did you happen to link the corporate codes for Hertz anywhere? Thanks, John.
Thanks Danny. The link should be in the description box now, thanks for pointing that out!
Your math on the AMEX Platinum is not correct….even at $695 per year the benefits are still a net positive back to the cardholder. $200 hotel credit, $200 airline credit, $200 UBER credit, $100 Saks credit…five bucks back into your pocket and that doesn’t even include the HIlton/Marriott, Hertz, Avis, etc benefits. Oh, and add Centurion lounge access (with def more than one in the US unlike CapOne)
Capital one has Hertz as an offer on their site too, usually 8 -10 percent. So status plus money back
One thing I wish I knew before I got the Venture X was that the $300 travel credit is only through the travel portal. It’s a nice credit, but you will not be able to earn or use status with the hotel or airline you book.
The portal did it for me… love the rest but that portal 😵💫
@@Shipwrckdntweetin I know right?? There's a lot of downsides to portals...
The portal is also more expensive when booking than directly with the airline
I was hesitant about the portal too. I booked three nights in Medellin, Colombia. Received credit within five days. No issues with check-in thankfully.
@@SC_XOLOs they price match. If you find the price cheaper elsewhere, you can contact them and they will change the price for you.
Venture X is such a great card, I’d recommend it for 99.9% of people!
What’s the lowest limit you’d be given if approved for the card
@@Yaahboi52 I believe 10,000
Agreed!
i believe the maximum number of authorized users is 4, not unlimited.
yes only 4, not unlimited
I'm keeping the plat and downgrading the vx this year. For someone that's based in lax, there are no priority and plaza premium lounges. So plat's centurion and delta works the best
Big fan of the Venture X and I appreciate this video! Only thing I would say is that calling this “hidden benefits” then naming all the benefits that are easily accessible information is misleading. -1 point. But I get the RUclips hustle.
Thank Greg! Haha appreciate you for understanding!!
I wish the Venture X card didn't cut the benefit for priority pass at airport restaurants. I'd pay $450 annual fee if it didn't cut that benefit.
I will say that's an amazing feature, I used it as Sydney international on the CSR and bought well over $70 a food between 2 people haha
@@johnsfinancetips Thanks John. I love your videos!
John, when you use cooperate discount codes at hotels or rental car companies. Do they check your work ID or any kind of proof at all? Thanks a lot!
A good one is cell phone protection. I am going to take advantage of that soon
Hey John, I'm looking to get my first travel credit card. When I go traveling abroad I always stay at airbnbs (not hotels). I was wondering, is the Venture X card good towards airbnb purchases? ...or is there a specific credit card you'd recommend primarily to use for numerous airbnb bookings? Thanks for the great content!
My balance is negative 300 right now because they offer statement credits for certain vendors. The amount they give you back varies. Today for example they have viator at 9% back, hertz at 5%, and VRBO at 5%. I've seen Viator at 11% and VRBO at 9% but like I said it goes up and down. I travel enough that I do both chase and Venturex. The vX has paid for itself many times already.
I know this is so old, but I tried this:
Used my amazon card (or any card that gives you elevated bonus on amazon) to get airbnb gift-card with the amount I need, so I got the 5% back from amazon using that card.
Then used that gift card to book my airbnb.
Airbnb is a qualified travel expense that you can use points to cover after the fact
Yeah, they don't allow unlimited guests at airport lounges anymore. It's 2 guests max. I am surprised that you aren't aware of that.
Thanks for sharing that Jules! I think there is still some variability lounge to lounge but certainly not as it once was circa 2016 CSR haha
Great video. That’s why I got the card. I knew about all these cause of your earlier videos about this card
Pretty thorough and informative! 👍🏻
Sheesh, an 820 vantage score and 30k limit.
Thank you so much for another great video! Can you please share where we can get the corporate discount codes for car rentals?
Link is now in my description box, hope that helps!
I just got invited to upgrade my Venture to a Venture X with no new application needed. I keep my same account number and credit limit!! Soo Stoked!!
Never do that, now you missed the hefty 100k sign up points which worth at least $1000.
Is the maths right.
You only get the 100 dollars on the anniversary. Which is also when you pay another 395 dollars too. So you don’t make 5 dollars until year 2.
I know you mention shopping offers compared to instore offers, however I only see what looks like online shopping offers. Even the costco $11 is online and it's when you sign up for a membership. It would be awesome if capital one also did in-store (card swipe) offers like AMX and Chase.
awesome like 7 or 8 people I know got the amex platinum over the venture x just last week lol these seems to have more benefits especially avoiding the overcrowded lounge
Wow that’s crazy number of people. But also yes. The venture x is an amazing card.
Just got my venture x...this video is very helpful.
Appreciated always + thank you for your work
I'm going to be getting this card soon since I plan to travel globally with my boyfriend starring next year. I'm excited!
Hey John hopefully you see this message I watched your youtube videos about every credit card but i don’t know which one to get. I used a secured credit card to build my credit and I have a 690 credit score. I am a high school senior will graduate next month, what credit card do you recommend me to get.
You’re still young, so I’d keep building up your credit and look at the BILT credit card when you get to a 720 or higher. It’s fairly new, but there’s no annual fee and there’s a lot of benefits and it’s been getting a lot of traction on RUclips recently. Also, don’t apply for any store cards unless you always shop there. Most of the offers are really bad and the APR‘s are horrible for the benefits they give. Just stick with the premium ones. And one last thing, since you’re still young, you have the advantage of average age of accounts. Which basically means you should apply for the majority of your cards over the next few years then don’t apply for anything for a while. That way your average age of accounts will be high and you won’t have any hard pools on your credit after two years and you’ll just be strictly building your credit from then on. And if you have any cards with a certain bank, you can ask for a product change to a higher tier card, and usually that will keep the same date as your previous card, depending on who it’s with. Look at all of the factors that affect your credit score, and just see the best way to play it. I hope this helps!
Quick question: For the Premier collection, can you book those stays with points and also get access to the $100 experience credit? If anyone has experience, let me know! Great video all around John!
yes you can only pay 1 cent per point , which I do not recommended.
@@bradxiaobut you get 2x points on all purchases right?
@@bradxiaowhat do I recommend? Transfer out? I know of any good sites to assist?
Hi John, I have the Venture X. Is it worth it for a player 2 to have venture X as well?
My partner is 3/24 at the moment, but I'm over the limit. I'm wondering if it's worth for her to get it, too.
Great question Steven, I'd say if you know exactly what you wanna do with the points yes. But why not save a 5/24 slot an go for Chase Ink cards instead?
Hey John,
How long do you usually wait to apply for a new credit card after receiving one?
I almost got this card recently, but the fact that they don't offer a way to downgrade the card, in case I'm not traveling as much in a few years was kind of a deal breaker.
Also, the Sapphire Preferred had the 90k points welcome bonus, so I went with that one instead. This one is still very attractive though.
I think you can downgrade it to the venture card which is $99 a year. You just have to let them know 60 days prior to your annual fee hitting your account.
@@izadorad Maybe the people I talked to were wrong, but I talked with someone at the bank and called they're credit card department a couple of times to confirm and they all told me there were no downgrades options with this card. I really wanted that card though.😔
@@lamfgames I haven’t tried downgrading it yet but everywhere I have seen you can downgrade it. I googled it and it said you could on the website. Maybe it’s because they tried downloading after the 60 day notice so that would makes sense. Most people tried to do it a week or so before not two months.
You need to have an "upgrade offer" on your account to downgrade. Mine is showing silver one and venture one
I noticed after making a REFUNDABLE reservation and then canceling a hotel reservation through Capital One Travel Portal… Capital One still gave me the $300 travel credit… keep this on the low.
Question: So unlike Chase, the Priority Pass of the Venture X does not include, restaurant, ok, but what about other services such as Minute Suites? Do those work or are they also exclusive to the CSR? Meaning, is the Priority on the Venture X quite literally ONLY for lounges?
It’s only lounges, so anything that’s non-lounge is not included unfortunately.
@@EthanPatrick_CreditCards Bummer :(
@@Sabitar1 Yeah... But at least the lounge access is decent as far a lounges go!
How does the company make money? Seems to good to be true!
Also a couple more questions if anyone can answer these…
1. When / how do you receive the $300 travel credit?
2. Are there any additional hidden costs that I’d be surprised with in order to use of the benefits?
3. I fly mostly United (and sometimes Jetblue). I don’t see them as Transfer partners…does that mean I should go with Chase instead?
1. You just gotta book through their portal to get the credit. I just bought a $370 flight through their portal and expect to receive $300 back within the next statement.
2. No hidden costs, if anything their portal is super straight forward and easy to navigate. I also found it was either cheaper or exactly the same as other sites when it came to flights or rental cars. The other benefits also do not have additional costs, you just gotta activate them through their corresponding sites.
3. Go for both. This is a keeper card because of the benefits and the fact they literally pay you to have it. But you also can't go wrong with Chase and their United card. I have it and rarely fly United and still manage to get value, so if you used them all the time it is super worth it for the free bags and priority boarding alone!
You can fly United. You just have to book though Turkish Airlines.
@@Sabitar1 Thank you for this response! I'm just seeing it now and I didn't apply for the card yet, but I'm looking into it again. You mentioned going for both the United card and Venture X...but my question is...I have to use the Chase card to purchase the flights if I want the free bags right? And I need to use the Venture X card to purchase the flight if I want their perks...so is there a way to really benefit from both?
@@zacker150 Thank you...and booking through Turkish airline is one on their website? Or through the travel portal?
@@michellecursi8404 if you're lucky, the website is working. Normally I do it over the phone
Hey John, randomly discovered your channel in my recommended. How do you feel about skipping tiers in general? I've had a Quicksilver for years now without thinking about upgrading, but I have exceptional credit and travel often for work using my own card, some of those trips being to Asia on business. Thanks if you see this!
Welcome to the channel! Great question, and personally I have no problem with skipping tiers. As long as you can manage the features of the cards then go for it. Best of luck!
@@johnsfinancetips Thanks! Any idea how long the application process takes usually? I want to make sure it lines up with one of my upcoming trips so I can make sure I'm putting $4000 on it
@@rphillipps16 you'll know if you're approved or denied within a couple of minutes of initially apply for the card. If you get denied and call the reconsideration line they typically take about a week to manually review your application and get back to you.
Can you use your credit annually for annual fees ….every year or only first year
Regarding number 1 benefit - you would only get the Costco rebate for online shopping right?
I think that’s correct because I just tried it and it was forcing me to make the purchase online
I knew most of these already and have taken advantage of them, except the costco one :D
We learn something new everyday, thanks for the comment Tina!
Cool. Thanks!
Hi John, Thanks for all of the information I just subscribe to the channel. I couldn't find the list of corporate codes for rental car and hotels that you mentioned in the video would you be able to share that link in this comment?
“I have a question regarding the Global Entry fee of $100 for 5 years. Is this a one-time credit from Capital One X, or its for every renewal period every 5 years? Additionally, does it cover anything for the authorized user?”
It is every 4 years that you can get the Global Relay credit; Not sure about authorized user.
#1 according to march madness
Hi John, my partner just got approved for the Venture X and put me as an authorized user. Does that mean we both get the $400 annual award or just her?
Thanks for the great content, we got this card thanks to your recommendation and are very excited!
I'm sure you figured this out already, but for anyone else who might have the same question: the annual bonuses are just for the primary cardholder. So, each is once per year, totaling $400, no matter how many authorized users are on the account. Hope you both are still loving the card!! All the best
My priority pass with Venture X clearly says only 3 additional guests can enter the lounge for free, after which additional guests will be charged.
Annoying thing is, as far as I can see, authorized users don’t get their own access to Offers nor to create virtual cards. That makes being the main cardholder pretty annoying.
Actually..
1st year: The math looks like this,
$395 annual fee + $300 travel expense through the capital one portal =$695 - $300 travel credit = you actually end up paying $495 for your travels.
2nd year: $395 annual fee + $300 travel expense through the capital one portal =$695 - $300 travel credit - $100 anniversary credit = you actually end up paying $
$295 for your travels.
You can see it as paying $0 in travels and $295 annual fee
Or paying $295 for travels and a $0 annual fee while taking advantage of the very generous perks.
I see it as paying for the first miles out of pocket, $0 annual fees and then use points for a free 2nd vacation with all the card perks.
Your math is mistaken. First, it would be $395 for the first year given your calculations.
Second, if you were to theoretically travel to the same place(s) and pay the same anyway, but without this credit card, you'd still be paying that $300 per year. Also, consider the $100 anniversary as a refund at the end of the year and not an allowance for the next year, then it would be a $5 benefit every year with the card ($295) vs. without ($300). The math only falls short if you don't travel, in which case there are probably more suitable cards out there for your lifestyle.
This is not accounting for the accumulation of miles or finding potential exclusive discounts here and there, of course.
It actually pays you $35/year. Not $5/year. You missed the 10x $300 for the travel credit.
I was super surprised with that 10% on $300 travel credit. I wasn't expecting because Chase doesn't.
Im already in the Chase “ecosystem” with the Prime card and Freedom Flex. Is the Venture X still worth it of should I just get the Sapphire Preferred/Reserve
It pays for itself if you travel once a year. I say go for it
@@CarterNL414 what’s the lowest limit they’d give you
@@Yaahboi52 10,000
I don’t see corporate codes in the link that you attached
Capital One Venture X cardholders can add up to four authorized users to this card at no additional cost
One thing that doesn't get mentioned is you can easily redeem your points for 2 cents per point, effectively making the $100 anniversary credit worth $200
How do you do that?
How to do that??
Could you talk about the 80,000 points on the chase preferred card?
Are teslas included in the presidential upgrade? Please answer! Thanks
That's a great question that I'm not sure I have the answer to...but last I checked some Teslas were renting at $50 or less a day
loved this info 😂❤🎉
Nice analysis! I have to say, why do so many credit cards have airline miles and such as benefits? I have been on a plane exactly once in the last decade 😂 Great video though!
I love to travel and sadly place I like going require a plane ride. But fortunately so many credit card with points and miles make it affordable!
I am curious though, why do you follow this channel if you aren't interested in travel?
@@Deci_Bella Because I'm interested in credit cards?? And the other benefits they offer. Plus John talks about way more than just credit cards. It was just a question 😂
There are cashback cards if you don't like travel. Not all cards are travel focused. For those that are travel focused, it is because they are in profitable partnerships with airlines and they've realized that beyond cashback, travel is likely the best reward to offer to the general public. On top of that, many cards offer credits to things that are not travel relate as its easier to offer those with an annual fee rather than offer it as a reward. Can you imagine how poorly a credit card reward would be if the points it acquired were only transferable to something like microsoft? People are constantly traveling, whereas people aren't doing other things like buying computers as much. And travel is a big expense, so it makes sense. On daily, lower cost expenses like eating and groceries are how credits card companies reward you towards the larger cost expense of traveling. That's where multipliers come in.
From a business point of view, providing good rewards on something people would do often, but not daily, while being a large expense is a great recipe for rewards outside of cashback.
QUESTION: Just started my cc journey not too long ago; I had a student cc before. I have the Chase Freedom Unlimited and just got the Chase Freedom Flex and am currently working on the sign up bonus. Once I hit ~30% utilization rate on a card, is it smart to switch to the other card assuming I haven't already hit ~30% utilization, start using my debit, or..? I pay the entire balance off monthly so that's no issue. Thanks
You basically never wanna use your debit card unless there's some reason a credit card would get charged a fee. Most, if not all, credit cards allow you to pay off your statement before it's due. So if you hit 30% utilization, simply pay it off and continue using it. In fact, the utilization is only tracked when the credit company sends the info to the credit score people, so as long as you pay if before that date (it's between when you get the statement and when it's due; I think about a week after you receive the statement), it'll be reported as that low. The lower the better (but not 0 cuz they can't report anything if there's nothing to report), so if you notice your utilization going too high, just pay most of it to lower the utilization back to 0-30% (
I hope you’re not carrying that large of balance for months/yrs on end.
Never ever ever carry a balance. Only charge what you currently have in the bank (treat it like a debit card). I personally pay off my card in the app every single day.
If you ever find yourself carrying a balance into the next month (which causes an interest charge) then you need to switch back to debit for a while to cool down and reassess whether you can handle credit. I got myself into bad credit card debt in my twenties. Eventually wised up and switched to debit for several years. Now I use credit for the benefits but I treat it like handling snakes. It’s inherently dangerous and should always be treated with the utmost respect and reverence.
Can you add a new link for the corporate discount codes?
Awesome video thanks
I am on my capital one account and do not see that costco offer your talking about where i swipe at the store and get a credit. I only see the offer for when i buy at costco online
Hey John, I already have an Amazon Chase Visa and Ink business card but want to get a travel card. Should I just stick with Chase and get Preferred or Reserve or get Venture X?
Some of popular airport lounges started to not accept priority pass users during the rush hours.
Nice!
*Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*
If I could ask; who’s your financial Adviser and how do I gain more info?
Does this card have purchase protection?
I thought your favorite credit card was the Chase Sapphire preferred?
I love you john
The only thing about Capital One is Capital One Travel SUCKS… I always have issues with it for whatever reason
How about protection for your phone if you pay the bill with your card?
Very helpful thanks
Did they do away with the experience credit? I didn’t see it when I booked through Capital One travel yesterday. If it’s still there, can it be used for dining at the hotel?
ritz carlton card by chase still is worthly to have. unlimited guests via prority pass.
I spoke to a capital one representative and they told me that the $300 travel credit does rollover……wqs she wrong?
Hi, What happened to your similar video on the Amex Gold ?
Had to re-work it a bit but it will be back!
this card is intriguing but there’s not many lounges in the country for that to really be a perk. There’s only 4.
John, Im looking for a credit card that I can seek the rewards from. But I have a concern. This card will mainly be used for work. Im begining to travel a lot in the states and internationally as well. My company reimburses me for everything but i need to pay it up front. However my company has a concur system where i have to book all my flights and hotels through. So im not sure what card to pick, because I may not be able to take full advantage of points as I may not be able to book through the card's preferred booking platform. Any advice??
I think the Costco offer now is for online only by using their link. It has gone up to $11 though.
Is it important to pay credit card debt off in full or is it okay to pay it off monthly with at least or more than the minimum amount?
Wait… so is the $300 travel credit given to you every year? Or is it only given to you for the first year?
If I add my wife as authorized user when she’s going to apply for her own capital one venture x she will be allowed to receive the sign up bonus?
No. The referral bonus is for "new to Cap1" customers.
If they're anything like Chase, she should be all set. Technically she isn't liable for your debt so technically she doesn't HAVE the product. Even though she's an AU. Give them a call to confirm but with Chase it was ok.
Hey John, I wanted to ask can u checkout a card called Gemini. Thank you
Thanks Vic, will do!
I had a quick question, you said the card itself has unlimited authorized users but do you happen to know the rule of thumb on how many people one can bring into the launch?
Thanks!
@John Liang I am in the market for a new Travel credit card. I have a family of 5 and we normally travel together. I love everything about the Venture X and love that I do not have to pay to add AU that other premium cards will charge for. Will this be a goood 1st Travel CC to get? CSP just launched 80K points sign on Bonus, I love their travel partners and the fact that I can get 1.25 points when booking airfare, but I will not have access to lounges. Please help me out. What should I do? Thanks
Thank you for the free game🤝🏾
I signed up for PRIOR. I have no idea what this crap is for. Website sucks
💀💀💀
hahaha
Are you able to book multiple rooms at once on the capital one travel portal?
with people paying $395 per year for the car actually worried about a $5 credit?
do you get the travel credit ($300) the first year, or after 1 year
If I’m not mistaken, dun think u can bring unlimited ppl into priority pass lounges any longer
Question, how much miles per $1 do you get? I’m thinking about changing if it’s worth it
Is there anyway you can get your miles 10x’d after booking outside of the portal if you paid with the venture x card? I found a Hilton/American flight that I booked directly due to the price difference
You get $300 travel credit and $100 anniversary credit every year or just the first year?
Don’t forget the cell phone protection, lost luggage, and flight delay insurance