Everything You Need to Know About the Capital One Venture X $300 Travel Credit Everything You Need to Know About the Capital One Venture X $300 Travel Credit

Everything You Need to Know About the Capital One Venture X $300 Travel Credit

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One of the key features of the Capital One Venture X Rewards Credit Card is its $300 annual travel credit. Used wisely, this can offset most of the card's annual fee. In this guide, we'll look at what the perk is, how to use it, and answer some questions about it as you decide whether or not this card is right for you.

Capital One Venture X Rewards Credit Card
Capital One Venture X Rewards Credit Card
Annual Fee$395
Welcome Bonus Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening
The Capital One Venture X Rewards Credit Card is a premium travel-focused card, stacked with benefits. Cardholders get complimentary access to Capital One Lounges, plus more than 1,300 other lounges worldwide, receive up to a $300 annual travel credit for bookings via Capital One Travel and up to a $120 credit for Global Entry or TSA PreCheck®. There's also an anniversary bonus of 10,000 miles, equivalent to $100 towards travel. High earning rates include 10X miles on hotels and rental cars and 5X on flights and vacation rentals booked through Capital One Travel, plus 2X on all other purchases.
  • 10X miles per $1 on hotels and rental cars booked via Capital One Travel
  • 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
  • 5X miles per $1 on flights when booking via Capital One Travel
  • 5X miles per $1 on vacation rentals booked via Capital One Travel
  • 2X miles per $1 on all other eligible purchases

Key Features of the Capital One Venture X Rewards Credit Card

As the title implies, this article will focus on only one Capital One Venture X perk: the annual $300 travel credit. However, the card offers tons of other perks, so we don't want it to sound like this is the only perk the card offers.

Outside of the $300 travel credit, some of these key perks include:

A few of these perks — such as access to Capital One Lounges, Plaza Premium Lounges, and a Priority Pass membership — are even available to authorized users. You can add up to four authorized users to your Capital One Venture X for free.

Related: Full Review of the Capital One Venture X Rewards Credit Card

Person sitting on a rock overhang in front of the ocean.
Credit: Riccardo/Pexels

The Capital One Venture X $300 Annual Travel Credit

Using the Capital One Venture X‘s $300 travel credit (in full) is the most direct way to offset most of the card's $395 annual fee. Here are the major details you should know to maximize this benefit:

  • It's based on your cardmember year. This benefit is tied to your card anniversary (the day you opened the card and each year on that date) instead of the calendar year. You get up to $300 in annual travel credits, used as a discount applied during the Capital One Travel checkout process.
  • You don't have to use it all at once. The travel credit can be spread across multiple transactions.
  • If you cancel a trip that had travel credits applied to it, the credits will redeposit into your account. You can use them again later, or they will apply to other qualifying purchases you made in the meantime.
  • You don't need to register to use the benefit.
  • The maximum credit is $300, but you'll only get that much if you spend that amount (or more). The discount applies to actual bookings; you won't receive a lump sum or credits in excess of your actual spending in the portal.
  • The credits apply only to travel booked through Capital One Travel. This is a semi-new restriction that was added in September 2023.
  • The $300 travel credit doesn't roll over. If you don't redeem it during your cardmember year, it won't stack with next year's credit. It'll expire if left unused.

The Capital One Venture X Business also offers the same $300 annual travel credit. It functions the same way. If you have this card, read on for how to use this important benefit.

Capital One Venture X Business
Capital One Venture X Business
Annual Fee$395
Welcome Bonus Earn 150,000 Miles once you spend $30,000 in the first 3 months, and an additional 200,000 miles once you spend $200,000 in the first 6 months.
The Capital One Venture X Business is a premium business card earning 2X miles on every purchase, with enhanced earning rates of 5X on flights and 10X on hotels and rental cars booked through Capital One Travel. One of the standout features is the $300 annual travel credit for bookings made via Capital One Travel, accompanied by an annual bonus of 10,000 miles from the first anniversary. Additional benefits include a credit of up to $120 for Global Entry or TSA PreCheck®, access to over 1,300 lounges worldwide, and the ability to transfer miles to over 15 travel loyalty programs.
  • 10X miles per $1 on hotels and rental cars booked via Capital One Travel
  • 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
  • 5X miles per $1 on flights booked via Capital One Travel
  • 5X miles per $1 on vacation rentals booked via Capital One Travel
  • 2X miles per $1 on other eligible purchases

How To Use the Capital One Venture X Travel Credit

Capital One Travel is your one-stop shop for booking flights, hotels, rental cars, and vacation rentals. It's also where you can apply your Capital One Venture X or Venture X Business travel credit.

Capital One Travel homepage.
Credit: Capital One

The $300 travel credit is valid on any booking you can make through Capital One Travel. You can apply your travel credit during the checkout process (on the Rewards and Payment section) as a discount on the total purchase price.

screenshot of the Venture X travel credit being applied during the checkout process through Capital One Travel
Credit: Capital One

Provided you have some of your travel credit remaining, you can apply the remainder to your booking. You can also edit the amount if you would prefer to use only a portion of your credit.

Once you've selected to use your credit, complete the booking process as normal. As you confirm your booking, you'll see the credit applied like a discount or coupon.

screenshot of the Capital One Travel credit being applied during checkout in the Capital One Travel portal
Credit: Capital One

Remember, you won't earn additional miles on the travel credit portion of the booking, as the travel credit is applied as a discount during the checkout process. You'll only earn miles on the amount you paid after the discount was applied.

Track your Capital One Venture X travel credit

Capital One makes it very easy to keep track of your travel credit each year. You can see how much you have left, the transaction history of any bookings that have used portions of it, and the date it renews.

First, log into your Capital One account then select “Travel.” You will see a wallet icon at the top of the screen titled “My travel credit and offers.” Click the icon, and you'll see all the details about your travel credit.

Capital One Travel Landing Page
Credit: Capital One

After this, you'll get a pop-up that shows how much you have left. If you'd like further details, select “View Activity.”

Venture X Travel Credit Details
Credit: Capital One

This shows you any transactions that have used some or all of your credit, plus the amount you have left.

Venture X Travel Credit Details
Credit: Capital One

Other Cards With Travel Credits

The Capital One Venture X isn't the only card with a travel credit. Others include:

The Capital One Venture X and Venture X Business‘s travel credits fall somewhere in the middle of these. Capital One requires booking through a portal and does not apply the $300 travel credit to “anything travel” — only to what's available in the portal.

You can't use this perk for things like bus or train tickets, subway passes, or Disney park tickets. However, the Capital One Venture X and Venture X Business have the lowest annual fees of any of these cards.

Related: Best Credit Cards with Travel Credits and Airline Incidental Credits

Our Take

The Capital One Venture X offers a huge array of perks, the chief of which is the $300 annual travel credit. Between this credit and its slew of other perks, many travelers should be able to justify paying this card's $395 annual fee and keeping the card for the long haul.

Capital One Venture X Rewards Credit Card
Capital One Venture X Rewards Credit Card
Annual Fee$395
Welcome Bonus Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening
The Capital One Venture X Rewards Credit Card is a premium travel-focused card, stacked with benefits. Cardholders get complimentary access to Capital One Lounges, plus more than 1,300 other lounges worldwide, receive up to a $300 annual travel credit for bookings via Capital One Travel and up to a $120 credit for Global Entry or TSA PreCheck®. There's also an anniversary bonus of 10,000 miles, equivalent to $100 towards travel. High earning rates include 10X miles on hotels and rental cars and 5X on flights and vacation rentals booked through Capital One Travel, plus 2X on all other purchases.
  • 10X miles per $1 on hotels and rental cars booked via Capital One Travel
  • 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
  • 5X miles per $1 on flights when booking via Capital One Travel
  • 5X miles per $1 on vacation rentals booked via Capital One Travel
  • 2X miles per $1 on all other eligible purchases

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