If you’re a family that loves to travel, finding the right credit card can make all the difference in the world. The Capital One Venture X is a fantastic option for families looking for a card that will help them save money on travel and earn rewards for their everyday purchases.
With a straightforward rewards program and travel benefits, the Capital One Venture X is designed to help your family make the most of your travels. It doesn’t matter if you’re planning a road trip across the country or an international adventure, this card can help you save money on travel expenses and earn rewards for your everyday purchases.
So, if you’re looking for a credit card that can make your family’s travel dreams a reality, read on to learn more about the Capital One Venture X.
Benefits of the Capital One Venture X
Let’s take a look at the benefits of the card. The Capital One Venture X comes with a $395 annual fee. You are probably thinking that it isn’t family friendly. Stay with me because I will show you that you will get much more value back.
- $300 annual travel credit that can be redeemed through Capital One Travel. This can be used to book hotels, flights and rental cars. This one benefit drops the annual fee to $95.
- 10,000 annual bonus miles. This can be redeemed for $100 toward a travel purchase. It can also be transferred to airline and hotel partners.
- Airport lounge access, this includes access to Capital One Lounges, Plaza Premium lounges and Priority Pass membership
- No foreign transaction fees which makes it great for international travel
- Up to a $100 credit for either TSA Precheck or Global Entry once every four years. Membership in both programs is good for 5 years.
- Lost luggage reimbursement
- Trip Delay Coverage, Trip Cancellation and Interruption Insurance
- Cell phone protection
- Primary Rental Car Insurance
- Hertz President’s Circle elite status
- Earn 2x Venture Miles on every dollar spent with no limits. This makes it a great everyday spending card.
The first two benefits not only cover the costs of the annual fee but they are paying you $5 every year to keep the card. You can easily get the value back just by taking one trip.
Right now the card has a 75,000 Venture Miles signup bonus. You earn the signup bonus after you spend $4,000 in the first three months. Those points are worth a minimum of $750.
Why the Capital One Venture X is great for families
As you can see the value of the card makes it a great choice for someone who wants to get the card for themselves. The card really starts to shine when it comes to family use.
Authorized Users
First, when it comes to adding authorized users it doesn’t cost you anything to add up to 4 different people to the Capital One Venture X. This isn’t the case when it comes to other premium credit cards.
For example, the Chase Sapphire Reserve and the American Express Platinum cards both charge extra for authorized users.
The Sapphire Reserve comes with a $550 annual fee. If you want to add an authorized user to the card it will cost you $75 per person. So, if you add two other people to the card it will cost you $700 for a year. Ouch!
The American Express Platinum card comes with a $695 annual fee. It costs $175 to add an authorized user. You can add up to 3 people for that $175. It will cost you $870 a year by adding authorized users. Can you say double ouch?
The fact that you don’t pay extra for authorized users makes it great for families. You can add your spouse, your kids and even your parents if you want to. Authorized users receive the following perks:
- Lounge access to Priority Pass Lounges, access to Plaza Premium Lounges, and access to Capital One Lounges. These are the same exact lounges the primary card holder has access to. Not only does the authorized user get lounge access but they can bring 2 people in for free to the lounge and unlimited guests to the Priority Pass lounges.
- When an authorized user uses the card they are earning 2x Venture miles for the primary card holder. This makes it nice to be able to rack up the points that you can then use for travel for the family.
- The same protections as the primary card holder includes, primary rental car insurance, cell phone protection etc.
- Hertz President’s Circle elite status
Being able to add 4 authorized users for free is very generous. This perk by itself makes it the best family card.
Combine Points with Family members
Another great feature of the card is that you can easily combine Venture miles with your family and even friends. There are no restrictions on who you can transfer your points to.
There is no requirement that the person that you’re transferring miles to lives at your address. Plus, there is no limit on how many miles can be transferred.
Here are the basics:
- You can transfer points to someone else as long as they have an account that earns Venture Miles or Spark Miles
- There is no requirement that the person that you transfer points to lives at the same address or is related to you in any way
- There is no limit on the number of miles that can be transferred to a person who has a Venture Miles or Spark Miles account
- The points that are transferred to another person don’t expire
You have to call the number on the back of your card to transfer points to someone. There is no way to do this online right now. You will need the name and the card number of the person that you want to transfer points to.
This feature to the Capital One program is very generous versus other credit card programs.
- With American Express, you can’t transfer Membership Rewards points to another member. You can transfer points to an authorized user’s hotel or airline program.
- You can transfer Chase Ultimate Rewards to members of your household as long as they have the same address
- Citi allows you to transfer ThankYou points to anyone else who also earns ThankYou points. The catch is that the points that are transferred expire after 90 days. So, you need to make sure that you are going to use the points right away.
Final Thoughts
The Capital One Venture X credit card is an excellent option for families looking to save money on travel and earn rewards for their everyday purchases.
The $300 annual travel credit, 10,000 annual bonus miles and no foreign transaction fees can help your family get the most from your travels.
Being able to add four authorized users for free is a great perk. Plus, those authorized users have lounge access and other protections included with the card.
Another great feature is being able to transfer miles to family and friends without any restrictions which makes this card the best family card on the market.
Overall, the Capital One Venture X is a great investment for families who love to travel and want to maximize their rewards and benefits.
If you need more help with travel credit cards, you can read my post titled “Picking the Best Travel Card.”
