Capital One Venture Rewards credit card offers tremendous value for travelers looking to maximize their own miles. The card costs $95 annually and earn at least 2 miles per dollar for all purchases.
Its shimmering siblings are $395 in capital for a Venture X Rewards credit card that offers an enhanced travel experience that can compete with other premium products, such as American Express Platinum Card® and Chase SapphireReserve® (See rates and fees).
If you don’t carry any cards – Risk Rewards or Venture X – you might be wondering: Should you apply for a good, pleasant venture capital reward, or apply for a reward with Luxe Venture X?
Let’s check these two cards to help you determine which capital one is your best choice.
Capital One Venture Rewards vs Capital One Venture X comparison
| card | Reward for joint venture in the capital | Capital One Venture X |
|---|---|---|
| Annual fee | $95 | $395 |
| Welcome offer | Earn 75,000 miles after spending $4,000 in the first three months of opening. | Earn 75,000 miles after spending $4,000 in the first three months of opening. |
| Income rate |
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| Other benefits |
|
|
| Foreign transaction fees | Nothing | Nothing |
Capital One Venture Rewards vs. Capital One Venture X Welcome Offer
Venture Rewards and Venture X has the same welcome offer: New cardholders can make 75,000 miles after spending $4,000 in the first three months of opening.
Both offers are worth $1,388, according to TPG’s August 2025 valuation, so you can get reliable value from the bonus no matter which card you choose.
winner: tie. Both cards offer the same welcome offer.
Related: How to Redeem Capital’s 75,000 Bonus Miles Welcome Quotes to Get the Highest Value
Capital One Venture Rewards vs. Capital One Venture X Benefits
With venture capital rewards, you will receive a $120 credit for TSA Precheck or Global admission, as well as car rental and travel accident insurance, extended warranty protection, and access to Capital One’s lifestyle hotel and Capital One Entertainment.
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Instead, the Venture X has a stronger list of benefits, which can prove that it will be higher if you can maximize its annual charge.
As a cardholder, you will receive an annual credit of $300 for your booking through Capital One Travel.
Currently, Venture X cardholders and their authorized users can access the Capital One lounge for free and bring two guests for free. Starting February 1, 2026, you will need to spend $75,000 in a calendar year to maintain free visitor access; otherwise, the cost per adult is $45, children under 17 will cost $25, while children under 2 will be free.
With Venture X, you will also receive priority pass lounge membership at over 1,700 locations around the world. Guests can join again before January 31, 2026 at an additional fee, after which you must pay USD 35 per guest.
Another benefit of Venture X is that you can add a limited number of authorized users at no extra cost. However, starting February 1, 2026, you will have to pay a $125 privilege if you want your authorized users to have access to the lounge.
Based on TPG’s August 2025 valuation, you’ll also receive a bonus of 10,000 miles, an annual cardholder anniversary valuation, and a luxury prime minister who gets a Capital One’s lifestyle collection as well as a luxury hotel, travel protection, extended warranty and phone protection.
winner: Venture X. As a product of high-quality cards, its benefits are much stronger than venture capital rewards.
Related: Is the Capital One Venture X worth $395 annual fee?
Earn a mile of mileage risk rewards in the capital with a joint venture with a capital X
Venture Rewards and Venture X both earned bonus miles on trips booked through Capital One Travel and 2 miles per dollar travel, while 2 miles spent on all other purchases. These two cards also earn 5 miles of capital entertainment purchases per dollar (as of December 31, 2025).
With venture capital rewards, you will earn 5 miles per dollar to earn money in hotels, vacation rentals and rental cars booked through Capital One Travel. But if you own a Venture X, you will earn 10 miles per dollar for hotels and rentals booked through Capital One Travel and 5 miles per dollar for flights and vacation rentals and booked through the same portal.
winner: Venture X. With the rewards for venture capital awards on hotels and rental cars booked through Capital One Travel. Venture X can also earn bonus miles on flights booked through Capital One Travel, while Venture Rewards doesn’t.
Related: 7 types of purchases you should use your Capital One Venture Rewards card
Redeem a mile of a risk reward with a joint venture in the capital x
Both Venture Rewards and Venture X make a mile and give you the same redemption options.
You will get the most value by transferring miles to one of Capital One’s over 15 transfer partners, but you can also redeem them to supply returns to cover travel purchases or gift cards at a flat rate of 1 cent per mile.
Both cards allow you to redeem miles to return cash, but you will get a speed of 0.5 cents per mile, so we recommend avoiding this option whenever possible.
winner: tie. Both cards offer you the same option to redeem miles.
Related: Should you transfer capital to a mile to a partner or redeem your trip directly?
Miles transfer through Capital One Venture X
One of the best things about the Risk Rewards and Venture X is that they allow you to transfer miles to one of Capital One’s over 15 hotel and airline partners, including valuable options such as France-KLM Flying Blue, British Airways Club and Turkish Airlines Miles & Smiles.
And if you can take advantage of popular bonuses, you will get more value from your mileage. For example, TPG Senior Points and Myers writer Ben Smithson gained solid value from his mileage by transferring them to Air Canada Aeroplan and flying blue.
winner: tie. Both venture capital incentives and venture capital X are transferred to the same partner at the same interest rate.
Related: Cash a Mile of Capital? How to get the maximum value when redeeming mileage
Should I receive a Capital One Joint Venture Award or Capital One Venture X?
If you focus on keeping your annual fees low, choose Venture Capital Rewards. You will get a strong revenue rate, leverage the capabilities of Capital One’s transfer partners and an annual fee of only $95. But if you want access to the airport lounge and you can maximize its $300 annual credit, the Venture X is a better choice.
Related: Who should (and shouldn’t) get a Capital One Venture X card?
How to upgrade from Capital One Venture Rewards to Capital One Venture X
If you already have adventure rewards and want to upgrade to adventure X, you can call the number on the back of the card and ask for a product change. You won’t be able to take advantage of the welcome offer from your new card, but it’s a great way to get more benefits without having to worry about qualifications.
You can also downgrade Venture X to Venture Rewards in the same way.
Related: How Venture X Saves Me Over $6,000 when Traveling to France in the Summer
Bottom line
Venture Rewards and Venture X are both excellent travel reward cards that earn bonus miles of a tour purchase, while all other purchases are rewarded at least at least 2 miles per dollar.
For those who can take advantage of their airport lounge access and annual travel credits, the Venture X is a great card, and Venture Rewards is better for anyone who wants to keep the annual fee low. No matter which card you choose, you will receive reliable travel benefits and earn valuable transferable rewards.
To learn more, read our full review of Risk Rewards and Venture X.
Learn more: Capital One Venture Rewards
Learn more: Capital One Venture X
For Capital One products listed on this page, Visa® or MasterCard® can offer some benefits and may vary from product to product. For more information, see the respective welfare guidelines to the applicable terms and exclusions.
