Capital One Venture X Military | 100k Points, $300 Travel Credit

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The Capital One Venture X Rewards Card is the most exciting new travel rewards cards to come out in years. This travel card offers a huge early spend bonus, a $300 annual travel credit, and 10,000 anniversary miles (valued at $100 of travel) every year.

Capital One does not waive annual fees on cards opened while on active duty under Military Lending Act or MLA. Capital One does waive fees for military when the account is opened before active duty in accordance with the Servicemembers Civil Relief Act or SCRA.

capital one venture x military

Capital One Venture X Rewards Card
Learn how to apply at our partner's secure site

  • Earn 100,000 bonus miles when you spend $10,000 on purchases in the first 6 months
  • Limited time: Earn up to $200 in statement credits for vacation rental purchases like Airbnb and VRBO
  • $300 annual travel credit for hotels, airfare, rental cars, and other travel booked through Capital One Travel portal
  • 10,000 bonus miles every account anniversary (at least $100 of travel)
  • Unlimited access to Capital One Lounges and 1,300+ Priority Pass lounges worldwide
  • $100 credit for either TSA PreCheck or Global Entry
  • Up to 4 free authorized users (with Capital One Lounge access)
  • $395 annual fee, terms apply
  • No foreign transaction fees, good for OCONUS military families
  • Read the full Capital One Venture X Rewards card review
  • Capital One Venture X Rewards Card – learn how to apply

I have contacted Capital One to explain their MLA policy for accounts opened after active duty start, but no response so far.

Amex and Chase cards like the The Platinum Card® from American Express and Chase Sapphire Reserve waive the annual fees for military servicemembers and spouses.

How To Apply for the Capital One Venture X Card

I applied for the Venture X card as soon as it was released in November 2021. I have over 29 credit cards, so I was a little concerned that I would not be eligible for the card. You can check credit card application rules here.

However, I was instantly approved! You can check if you will be approved at our partner's secure site: Capital One Venture X Rewards Card.

You can see my approval page below. The credit line they offered me was a huge $30,000.

capital one venture x apply now

Capital One does not publish any official restrictions. In general it seems that you can apply and be approved for 1 Capital One card every 6 months and can have a maximum of 2 personal Capital One cards. However, there are lots of data points conflicting with those rules now, so I would go ahead and apply and see if you get approved anyways.

You should be able to open a Capital One Venture X even if you already have the Capital One Venture card.

Capital One SCRA

You can apply for Capital One SCRA benefits on the Capital One military website. The application requires several easy pieces of information: name, phone number, date of birth, Social Security Number, and address.

Capital One will run your Social Security Number against the Defense Manpower SCRA database located here. If there is a positive match, they will compare the active duty start date in the database against the date you opened your Venture X card.

If you opened your Venture X Card before you joined active duty, your annual fees should be waived. However, I don't have a lot of datapoints on this, so please leave a comment or contact me if you have successfully had your Capital One credit card annual fees waived with SCRA.

The Capital One Military Support line is available 24/7 at 1-855-227-1645 (1-855-CAP1-MIL). While

Capital One Venture X Welcome Bonus

spa hale outside
Use Capital One miles to stay at Four Seasons Lanai

The Capital One Venture X early spend bonus is a massive 100,000 miles when you spend $10,000 in the first 6 months of account opening.

This is one of those blockbuster welcome offers that Chase Sapphire Preferred sometimes offers and the Amex Platinum almost always offers.

You can also earn a limited time vacation rental credit with the Venture X up to $200. This is a up to $200 statement credit for vacation renal purchases on sites like Airbnb, VRBO, Turnkey, and Vacasa.

Capital One Venture X Transfer Partners

Capital One Venture X miles transfer at a 1:1 ratio for most of the Capital One transfer partners. This is a welcome and recent change as of October 2021.

Capital One Transfer PartnerMin TransferTransfer Ratio (Cap One > Airline/Hotel)Transfer Time
Accor Live Limitless1,0002:1Up to 36 hours
Aeromexico Club Premier1,0001:1Almost Instant
Air Canada Aeroplan1,0001:1Almost Instant
Avianca LifeMiles1,0001:1Almost Instant
British Airways Avios1,0001:1Almost Instant
Cathay Pacific Asia Miles1,0001:1Up to 36 hours
Emirates Skywards1,0001:1Almost Instant
Etihad Guest1,0001:1Up to 36 hours
EVA Infinity MileageLands1,0002:1.5Up to 36 hours
Finnair Plus1,0001:1Almost Instant
Flying Blue AIR FRANCE KLM1,0001:1Almost Instant
Qantas Frequent Flyer1,0001:1Up to 36 hours
Singapore Airlines KrisFlyer1,0001:1Up to 36 hours
TAP Air Portugal Miles&Go1,0001:1Almost Instant
Turkish Airlines Miles&Smiles1,0001:1Up to 24 hours
Wyndham Rewards1,0001:1Instant

What To Do With 100,000 Capital One Miles

Capital One miles are becoming some of the most flexible points around. They are nearly equivalent to American Express Membership Rewards points or Chase Ultimate Rewards points.

Thanks to the recent 2021 increase of Capital One transfer ratio to travel partners, Capital One miles can be extremely valuable for booking very expensive first or business class travel on the best airlines in the world: Emirates, Etihad, Cathay Pacific, and Singapore.

Capital One Venture X Annual Fee

The Capital One Venture X is a top tier travel rewards card. The Venture X card easily fits in the same category as the Amex Platinum card and Chase Sapphire Reserve. However, the annual fee is extremely manageable because of the $300 travel credit and the 10,000 miles annual card anniversary bonus.

The annual fee for Venture X is $395, but substract the $300 travel credit and the $100 worth of anniversary miles (10,000 miles) and you get an annual fee of $-5.

Venture X Spending Bonus Categories

Like lots of travel reward cards, this card offers extra miles for spending in travel categories.

  • 10X miles on hotels and rental cars booked through Capital One Travel
  • 5X miles on flights booked through Capital One Travel
  • 2X miles on all other purchases.
  • Redeem miles for any airline, any hotel, rental cars, and more.
  • Transfer your miles to your choice of 15+ travel loyalty programs (see Capital One Transfer Partners)
capital one venture x rewards categories

Capital One Venture X Travel Credit

The Venture X $300 Travel credit refreshes every card anniversary, not calendar year. So note when you opened the card.

Capital One Venture X Lounge Access

Capital One Lounges are currently in:

  • IAD Dulles Washington DC – Main terminal after TSA PreCheck, opening 2022
  • DFW Dallas Fort Worth International – Terminal D, Gate 22
  • DEN Denver, Colorado – Concourse A, Mezzanine level, opening 2022

Capital One Lounges look like a welcome addition to the airport lounge scene. I think they will easily rival the American Express Centurion Lounges you get access to with your Amex Platinum card.

With a Venture X card you gain unlimited access to Capital One Lounges and up to 2 guest passes. Authorized users on the same card account also get the same privileges, so this is great for large families with kids.

Capital One Venture X Benefits

The Venture X has some solid baked in insurance products such as purchase Protection, car rentals, travel, and cell phone coverage.

Other benefits include an up to $100 statement credit for TSA PreCheck or Global Entry. Military servicemembers should get Global Entry, as anyone on active duty already get TSA PreCheck for free.

Venture X Additional Cardholders

You can add additional cardholders to your Venture X card for no annual fee. This is unlike the Amex Platinum card or Chase Sapphire Reserve, which have additional cardholder fees. However, those fees are waived for active duty military and their civilian spouses.

Capital One Mobile App

Compared to the Chase and Amex app, I have been really impressed with Capital One's mobile app for Android and iPhone. It has an easy feature built in to track your $10,000 of spend to reach the 100,000 mile bonus in the first six months. It also shows when you need to have your spending done, which is much better than playing guessing games with Chase or Amex.

capital one venture x military

Capital One Venture X Rewards Card
Learn how to apply at our partner's secure site

  • Earn 100,000 bonus miles when you spend $10,000 on purchases in the first 6 months
  • Limited time: Earn up to $200 in statement credits for vacation rental purchases like Airbnb and VRBO
  • $300 annual travel credit for hotels, airfare, rental cars, and other travel booked through Capital One Travel portal
  • 10,000 bonus miles every account anniversary (at least $100 of travel)
  • Unlimited access to Capital One Lounges and 1,300+ Priority Pass lounges worldwide
  • $100 credit for either TSA PreCheck or Global Entry
  • Up to 4 free authorized users (with Capital One Lounge access)
  • $395 annual fee, terms apply
  • No foreign transaction fees, good for OCONUS military families
  • Read the full Capital One Venture X Rewards card review
  • Capital One Venture X Rewards Card – learn how to apply

Frequently Asked Questions about the Venture X

Is the Capital One Venture X worth it?

The Venture X annual fee is $395 but the card comes with a $300 annual travel credit in the Capital One travel portal and a 10,000 miles card anniversary bonus. To me that effectively drops the annual to -$5, since the 10,000 miles are worth at least $100 in travel credit.

What is the highest credit limit for Capital One Venture X?

$30,000 is the highest limit for the Capital One Venture X on approval since it is a Visa Infinite product.

Is the Capital One Venture X metal?

Yes! The Capital One Venture X is a heavy metal card like the Amex Platinum or Chase Sapphire Reserve.

Does the Capital One Venture X card waive annual fees for military?

Capital One may waive annual fees if you open the card before joining active duty. If you open the card while on active duty, the fees are not usually waived. However, the travel credit and 10k bonus miles effectively knock the annual fee down to -$5.

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