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Last week, I wrote about the launch of Capital One’s new credit card, the Capital One Venture X (our affiliate link). Well, today is the big launch day. As promised, I’m here to update you.
I applied for the card this morning, and I was approved! To be honest, I wasn’t sure if I was going to be approved or not. Capital One is known to be a little picky with who they approve for new cards. As a data point, I’ve opened 4 new cards in the past 24 months and my credit score is ~800. I already have the Capital One Venture Rewards card, and I use it regularly.
This card has a sign-up bonus of 100,000 miles after spending $10,000 in the first six months. I have a few large purchases I’ve saved up for (property taxes and an upcoming cruise) that will take a large dent out of that.
As a reminder, here are the details of this card:
- No foreign transaction fees
- Earn 2X miles on purchases
- Earn 5X miles on flights booked through Capital One Travel
- Earn 10X miles on hotels and rental cars booked through Capital One Travel
- $300 statement credit for travel booked through Capital One Travel
- $200 statement credit for vacation rentals (airbnb, VRBO)–limited time benefit
- $100 statement credit for Global Entry or TSA Precheck
- 10,000 bonus miles on card anniversary
- Access to Priority Pass Lounges and Capital One Airport Lounges with up to two free guests
- $395 annual fee
For my family, we will easily be able to use the $500 in travel statement credits to more than offset the annual fee. I plan to transfer the miles to airline partners to use for a big trip in 2023.
My husband also plans to apply for this card. However, he will wait just a bit. The $395 annual fee hits on the first month, so we would rather spread that and the monthly spending out over a longer period of time.
Are you planning to apply for this new card? May the odds be ever in your favor!
CLICK HERE TO VIEW VARIOUS CREDIT CARDS AND AVAILABLE SIGN-UP BONUSES
Author: Nancy
Nancy lives near Dallas, Texas, with her husband and three kids. Her favorite vacations include the beach, cruising and everything Disney.
Everyone is so excited about this card! I have to wait a bit as I just got the venture in the summer.
Looking forward to posts on what you will be using your 240,000 points on! 🙂
@HML I’m not positive my husband will be approved, so I don’t want to dream of spending 240k points yet. 🙂 We’re mulling over trip ideas for 2023.
Any idea if there is a way to view the card number before receiving the card?
@UMI According to this article, if you already have an existing Capital One card and download the mobile app you can see your new card number. https://wallethub.com/answers/cc/can-i-use-my-capital-one-credit-card-before-it-arrives-2140668470/
Your card should arrive inn 3 business days.
Congrats on getting approved. I did too. Do you have any idea how you access the Priority Pass membership, as I don’t see any link to it on the Cap One website (when I login to the account).
@Anonymous Congrats to you as well! I don’t see any info yet on accessing Priority Pass. Hopefully it will be in the welcome material via snail mail. I know with the Chase CSR card, you have to fill out something online and they mail you a separate Priority Pass card.
Found out how to get the Priority Pass with this card. You go here to register:
https://prioritypass.com/capitalone
Thanks for the info!