How to Use Captial One Venture X Travel Credits?

How to Use Capital One Venture X Travel Credits?

Venture X from Capital One is the new player in the premium credit cards that has gotten everyone’s attention.

Capital one essentially pays you $5 every year to keep it active. What’s there not to like?

I signed up for the card in December and pretty much used it every day to complete the signup bonus. This past weekend I used a portion of its $300.00 travel credit at the Fairfield Marriott, Rhode Island. In this post, I will share the process of using this credit.

TL:DR; Book your stay using the Capital One travel portal – capitalonetravel.com. Hotel status is not honored; an airline loyalty program can be used. Wait 1-2 weeks for the statement credit. It can be multiple bookings for the $300 credit.

Jump to detailed steps ⤵

Cue last year, I tried to apply for a Quicksilver 1.5% cash back card and was denied due to too many cards in recent times. I called the recon a couple of times and was unsuccessful in getting approval.

Usually, I am not a big fan of annual fee credit cards. Using points and miles is a lot of work, but it has perks. In November 2021, when the Venture X card was released, I found it to be an attractive card due to the fact it has:

  • $300 travel credit via Capital One travel portal.
  • 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary.
  • 100,000 bonus miles once you spend $10,000 on purchases within the first 6 months from account opening.
  • $200 Vacation Rental Credit (limited offer)

The signup bonus alone covers 3-4 years worth of annual fees.

Since I got rejected 3-4 months ago with Capital One, I did not want to risk another hard pull.
I asked my sister, a Chase Sapphire Reserve holder for the last 5-6 years, to apply for Venture X. The annual fee increase and a couple of terrible experiences with Chase customer service convinced her to apply for Venture X. She was approved instantly.

After her approval, I was even more interested in this card! I looked at many approval data points on Reddit and decided to close my eyes and apply. I was approved with $20k available credit! This card is my favorite 2X card now as the miles can go a bit further than cashback once travel fully resumes.

Redeeming the $300 Venture X Travel Credit

First, here are the rules for the travel credit:

  • You will receive this credit as a statement credit.
  • It will take about 1-2 weeks to receive the credits on your statement.
  • You can split the credits into multiple bookings, i.e. one booking for $170 for a plane ticket and another booking for $130 for a hotel.
  • Booking has to be made through the Capitol One Travel portal – capitalonetravel.com
Step 1:

Log into the Capital One travel portal, enter your stay details, and hit search. Below is a dummy booking example.

Capitol_one_travel_credit_hotel_search

Step 2:

Pick your hotel/flight from the results and confirm your booking. Note: hotel booking status is not honored, and you won’t earn points for your stay. However, you can enter your airline loyalty ID/details to earn miles. Be sure to select Venture X as the payment method for your booking.

Capitol_one_travel_credit_hotel_book

Step 3:

Confirm and book your stay. You will get a confirmation email shortly. In this email, you will get all the details about your stay/flight, including cancellation policy, date and more. If you need to cancel or change your reservation, you can do it online. I changed my hotel 2-3 days before my trip, and it went smoothly.

Capitol_one_travel_credit_hotel_book_confirmation

Step 4:

Wait for the credit redemption confirmation email. I got my credit within a week. If you don’t get your credits within two weeks, give Capital One a call. This email also tells you how much credit you have left if you did not utilize the total credit amount.

Capitol_one_travel_credit_hotel_credit_confirmation

The credit also shows up on your statement like the screenshot below.

Capitol_one_travel_credit_hotel_credit_statments

I hope this step by step was valuable. If you are looking for an airfare booking/video tutorial, here is a tutorial from Mark Reese. He also shared an additional airfare hack that you might find helpful.

If you want to sign up for the card, the link (referral) is here. I plan to create a guide soon about using the $200 vacation rental credit (Airbnb, Turnkey, Vacasa, and VRBO) as this is a limited one-time offer.

3 Comments

  1. […] a new card every couple of months for a juicy signup bonus is real. I am very close to meeting my Capital One Venture X spending requirements and ready for some new credit […]

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  2. […] 4% cashback instantly on various gift cards when shopping. Combine this to your 2% cashback card or Capital One Venture X for miles. I have gotten $25 cashback so […]

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  3. […] addition, I bought this MacBook Air with Capital One Venture X, which gives 2x points on all transactions and provides an extended warranty by an additional […]

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