Don't Get The Capital One Venture X (3 Better Alternatives)
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- เผยแพร่เมื่อ 15 มิ.ย. 2024
- 💳Capital One Venture X: mattwelter.info/venturex
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The Capital One Venture X is taking away benefits, making travel credits worse, and overall, just going downhill. Plus, it’s just really confusing & hard to get approved for this card, and I know this first-hand because my wife Lucia got denied for the Venture X a couple months ago.
So, in this video I am going to discuss some reasons for why you might want to actually avoid the Capital One Venture X, and I’ll discuss 3 Better Credit Cards that you should consider getting instead.
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TIMESTAMPS:
0:00-5:10 Don’t Get Capital One Venture X (Key Reasons)
5:10-7:40 Chase Sapphire Reserve
7:40-9:15 U.S Bank Altitude Reserve
9:15-11:25 Citi Premier
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What are your thoughts on the Capital One Venture X? Let me know ⬇
🎥Watch this video next if you want to see how my Venture X application went: th-cam.com/video/naYNla381C4/w-d-xo.html
Capital One really bugged me when they removed the restaurant access for the Venture X. Now, with Chase and the Reserve, it doesn't look so bad ;)
Haha exactly. Capital One rejoiced when they saw that because it makes more people go away from the CSR and toward the Venture X. Thanks for watching!
First was Amex though, who removed restaurant access.
Wait wait wait, did I hear this right? You say Citi customer service is better than Capital One? I’d love to hear more about this!!!!
Also, if the VX is so bad, why did you apply? 😂
I’ve never had experiences with any issuers customer service as bad as I did with Capital One haha- I’ve heard that Venture X specific customer service may be better, but I’ve only had headaches on lines with Capital One. And haha even though there are negatives, this video mainly served to take the counter argument on the Venture X, but if a $300 Travel Credit & 10k bonus miles is all you care about then the Venture X is totally fine, and it’s why I plan to apply myself in a couple weeks haha. Thanks Luke!
Citi has terrible customer service 😂. I almost went crazy last time I called them.
@@jpknowledge8852 I was thinking in my experience capital one is Worlds better. Citi is generally ranked the lowest by a long shot.
Citi customer service is mediocre at best.
Considering canceling all my Citi cards because of issues with customer service
Venture X is a great catch all card at 2x, paired with a Savor One it’s a great duo. I think the only ones that don’t like the Venture X are those that get denied.
Haha that's fair and I would qualify for that list! In all seriousness though, I agree. The Cap One Duo can be a fantastic setup and a great earning one! However, just wanted to provide this video for those who do get denied or want some other alternatives. Thanks for watching Luis!
Not true at all. In the cap one duo, your savorone is your main earner. The vx is just a 2x card with extra steps where you’re prepaying for travel and an annual fee. “Effective -5” my ass. Priority pass is useless in the states, and enjoy your 3 overcrowded cap one lounges in random airports most people don’t use. Starting to think I’d rather have gone the CSR route since at least their lounges account for space, there are better drink options, and they’re not overcrowded to shit.
The best Cap1 duo is Venture One + Savor One.
I just open a USbank savings and checking doing $800 bonus and at the same time building a relationship with USbank so that when I apply for the reserve I won’t have any issues
Nice that's a great plan! And the U.S Bank Alt Reserve is highly underrated IMO! Thanks for watching!
I applied for capital one venture last year ,but I got denied. Great job on TH-cam ❤
Ahh dang yeah that's definitely super common with the Venture X. Thanks for your support as always Vicki!
2024 is turning out to be the year of the nerf! Lots of reasons that the C1VX is good, but also bad, like you mentioned in this video! For me, the lack of transparency in credit card approval is a big deal, especially since they hard pull all 3 credit bureaus on application! Having said that, I think I eventually want to try to get this card.. or maybe have P2 do it since she probably has a better chance than me to get it! Great video Matt!
Thank you Stan! And yeah exactly- you never really know with Cap One how your application is going to look so it's always a risk. The Venture X is definitely not alone in the nerfing, but it's always important to take a look at both sides of the equation for those to where this may be a huge deal.
LOL making a huge deal about using the portal for a 300 credit. AMEX platinum travel credit is way more restrictive.
Lounges are way too crowded so removing low tier cards from accessing the lounges is a good thing. Lounges arent meant to be like being at the gate
That's a fair point for sure! I think the only worrying thing is if they add those lounge restrictions to extend to the Venture X. Also I totally understand that it's not that big of a deal to use the Portal for the $300 Credit, just wanted to discuss why for some people it might be. Thanks for watching!
Actually not, you can cash Amex credit.
I'm also concerned about the future trends on the Venture X and a bit bitter that my wife keeps getting denied for it haha. Thankfully there are alternative cards that do the same (or better) things, as you pointed out. Love this one Matt!
Thanks so much Monty! Yeah approvals for the Venture X are always so over the place that it's definitely nice to know there are some great alternatives out there.
I recently flew through Detroit, where I used 2 of the 4 Delta SkyMiles Clubs. Very nice!
Amex plat is a game changer. Never realized just how little priority pass covers.
Love it!
If having to use their portal is a problem for C1, why isn't it a problem for Chase(1.5) or USB?
Because the Credits on the CSR and USBAR don't force you to utilize their Portals to activate them. Thanks so much for watching!
@@MattWelterOfficial agreed, but everyone talks up the redemption bonus for CSR and USBAR and you only get those using their portals.
Great alternatives... only if you get denied 😉
Haha yeah fair enough- The Venture X can still be a great option for a lot of people! Thanks for watching JP!
I have been holding out on premium travel cards 1 because I am going to cancel my Gold card next year to justify the fee more. 2 I really can't make my mind up on what card I want lol. Can't believe im saying this but I think the US Bank Reserve will be the one I get. Just for what I do and the 3x on mobile wallet purchases ( can pretty much use that for anything) is pretty legit IMO. The venture was number one on my list but Im having the same issues as you did with getting approved. And honestly with Capital One changing so much worries me a lot.
That sounds totally fair Hank! The U.S Bank Alt Reserve is highly underrated in my opinion and it's one of the best Cards out there for consistent value. Application requirements for the Venture X are definitely always confusing.. Thanks so much for watching as always!
I would love it if you made a video of this credit card trio I am running right now.
Altitude Reserve, Amex Platinum, and the Hilton Aspire.
The credits/benefits on this trio is so OP. The 4.5% cash back value on the Reserve, lounge access and credits on the Platinum, and the Status + FNC on the aspire just make this trio so worth it. If you ever want to mess around and make a video I would for sure love to see it haha
That's a jam-packed trio in terms of potential value for sure! I will definitely add it to my list of content ideas! Thanks for the suggestion Eduardo!
Nice work, Matt!
Whenever a bank advertises higher multipliers if you use their portal, I ignore them and pretend the multipliers don’t exist. For those in the points and miles game (plus the travel bloggers), portals in general are likely not worth using. I’m curious about how many people not into points and miles would value the high multipliers for portal bookings.
Thank you Vincent! That is a great train of thought to have! Flexibility is definitely super important.
Well all the credit card company's going to be cutting benefits csr just announced cuts amex just raised af's
Yeah :( not a fun trend for sure
The travel portal has an AMAZING UI and has price match. Arguably the best portal.
They took lounges from the Venture, not the venture X and added a $50 credit in it's place. Seems important to note.
Presidents circle hurts(pun intended) but it is cheaper than other other cards you mentioned
Fair enough! And yeah I have heard good things about price match and other benefits with the Cap One Travel Portal specifically. Thanks so much for watching!
If you have a Venture X the lounge changes are good just like the AMEX platinum changes that disallowed free guests at centurion lounges for most cardholders was great. The lounges are too crowded and some people are bringing their whole sports team along as guests.
Price match was devalued to the useless portal credit. Absolute junk, and totally unusable.
@@yurig2530 I've rarely needed to ask for it. And yeah it's not great when I do, but it doesn't expire so imo it's still the best credit card portal
These reasons and having myself not great experiences with being a customer at capital one has bothered me. Also, my savor one has such a low limit so I can only use it for half of my expenses. Might just get the csp and marriot boundless and call it a day.
I definitely second that with not having good experiences with Cap One Customer Service! Thanks so much for watching!
Customer service is not great and the starting limit is not enough. Don’t see myself really needing the chase reserve. Will be moving overseas in the Middle East, and will be only traveling overseas. Pairing the preffered and marriot boundless seems simple.
@@Jes1919 Gotcha! That's awesome! Yeah I'd definitely recommend prioritizing Cards that don't have restrictions in terms of where you can use the Point Multipliers or Cards with no FTFs. Thanks for watching!
The Altitude Reserve also earns 3x points on the $325 travel credit too. The other cards do not.
The AR is soooo underrated!
Citi Prestige and Amex cards also do.
capital one also has aeroplan I'm sure .
Capital One has a pre-approval tool. Did they pre-approve you, but then denied you when you actually applied?
I accidentally ran the Pre Approval for the regular Capital One, not the Venture X specific one. I was pre approved for the Regular Venture Card so I had confidence I would get approved for the Venture X as well but unfortunately did not. Thanks for watching Allen!
C1 is whack I have three cards with them, only one I care for is the Savor One. I have too large of a profile to ever hold the Venture X so I opted for the Amex Platinum with no regrets.
I am eligible for the Ritz Carlton Card in September and I am considering cancelling my Venture X.
I could make use of the $300 credit and getting 10K anniversary miles is a nice plus, but like you said you are tied to their travel portal.
I am in pop up jail for the Hilton Aspire card, but like your situation with the Venture X, I am taking this as a blessing in disguise and moving away from Hilton and their ridiculous quarterly credits and focusing more on Marriott.
That is a great way to look at it Matt! Even with PP Restaurants going away, the Ritz Carlton is jam-packed in value and I'm leaning more toward Marriott as well with much greater availability internationally. Thanks for your support as always Matt!
Does the capitol one portal price match?
Yes!
But they issue useless portal credit (this is another devaluation).
I finally got approved for this card after 3 denials over 1.5 years.
Dang that is quite the process but congratulations on finally getting that approval! Thanks for watching!
Capital one customer since 2019, first card was platinum for 2K second was quicksilver for 1500, and third was bass pro for 500. Recently applied for the savor one and got approved for 10K ! After maxing out my cards and using them irresponsibly I finally paid them off not too long ago and it’s safe to say my credit is in good shape now ! (Proud moment getting 10k) I heard of people having trouble getting big limits on the savor one so I guess I’m doing something right now. I think I’ll give it a shot and apply for the venture X after 6 months and try the infamous duo !
Let's go Jeohvany that's awesome! Good luck on that future Venture X application and completing the Duo!
@@MattWelterOfficial thank you I just subscribed to your channel today I’m really enjoying the videos you have been dropping !
@@jeohvanydelgado7125 Thanks so much for your support, appreciate you bro!
Love my Venture X!
It's still a great card for most people for sure! Thanks for watching Tammy!
I think the citi premier card is a much better card than the US Bank card, but it’s point multipliers are not quite as good as the Venture X. At $95 the Citi card is the best card in its class and punches above its weight, I wouldn’t want the US Bank card even if it was a $95 a year card, with no travel partners and only 1x on regular purchases it just doesn’t bring the value. The chase Sapphire card was my 1st choice because they have my preferred travel partners, but they denied me while Venture X approved me.
Oh wow that's interesting! I haven't heard of that happening too often with the Venture X approving you and the Sapphire Reserve not approving you. But totally makes sense- The Citi Premier definitely packs a punch for a Card with only a $95 annual fee.
@@MattWelterOfficialI remember reading somewhere that Chase Sapphire would decline you if you’ve opened 2 or more credit cards in the previous 12 months, which was true at the time for me.
Gotcha makes sense@@tbroschat81
Banks are tricky especially Chase, Amex approved my Amex Platinum while LMAO/24 although I have a solid 8yr history and many cards with them already. The Venture X is solid glad you were able to get approved for it.
@@tbroschat81 very good to know. Do you know if this is true for chase sapphire specifically? I applied and was approved for a Chase freedom flex in Feb after applying for a card in Jan and a card in Nov last year.
Appreciate you having the balls to give an honest review. When I get ready to graduate from budget travel, I will probably upgrade my CSP to the CSR.
Nice Bob & thank you ahah! Always important to make sure you take a look at both sides of an argument and the Venture X is definitely not immune from having some negatives.
Confusing to apply? I just did it earlier this week....it's as straightforward as it gets lol.
It's a straightforward application but there are confusing application requirements.
So free card (+5 when using your credits) with 2x on everything 10x on hotel 5x on flights with price match!!! What are we talking about here……….
Just wanted to take the other side of the argument :)
It’s not The Happening. It’s The Cheapening. The BX and CSR feel like a classic tragedy of the commons situation whereby so many people are overusing a resource that it winds up being ruined for everyone. These days, VX makes sense if you have a bank relationship with C1. If not, put it on a bus.
Totally agree! Thanks Elliott!
I choose Altitude Reserve over Venture X. I have both right now, but I'm going to downgrade VX to V1.
Totally fair! I think the Altitude Reserve is super underrated!
I’m here first 👀
👀👀
Tad Salty 😂 All good cards but the VX in its current format is an easy keeper for me.
For sure! If the $300 Travel Credit & bonus miles is mainly what you care about, then the Venture X is still a great option! Thanks for watching John!
Just a tad salty you say? Yep, that sounds right. Most of this video sounds like what Capitol One might do someday. Same could be said for any bank. Truly, this all sounds like sour grapes.
Matt: don’t listen to the haters out there that are ragging on you getting denied. I think these are very legitimate concerns about the card; concerns I share and have noted time and time again. The card is extremely portal-dependent, the insurances are not as good, and the lounge access is the worst of the big 3. You’re essentially prepaying for travel and you must live on the portal if you want any kind of elevated value. I’d rather just book my travel on the bilt mastercard, where at least I can get 2x of the far more valuable bilt points for booking direct
Thank you so much! Yeah absolutely- I really just wanted to provide another perspective on the Venture X and that was the point of this video. My goal on the channel is to help people understand both sides of things, to help everyone make the best decisions for their own personal situations since the Credit Card game is not a one size fits all. Appreciate you for understanding that & your support!
Thanks for the video. I was sketchy about applying for this card. But my inquiries were down. And I filled out a pre approval application. And I also heard rumors About low credit limits if you are approved. To make a short story longer. I was approved for the card with a 30000 limit. I do currently have the Amex Morgan Stanley platinum card.
Like all cards, it has its pluses. And negatives. A lot of.
The negatives that you're mentioning are what if.
I'm an older man and it seems to me that this younger generation.Any little obstacle is too much.
You mean I have to use the travel portal. Those bastards
Fair enough and totally get that! In reality a $300 Travel Credit and the bonus miles to get positive value is pretty dang good! Just plays important to consider both sides to the argument and provide from alternatives for those of you who may want to avoid the Venture X. Thanks for watching!
@@MattWelterOfficial Thank you for putting out the content. It would also be fair to say. That I have received a lot of benefit from the content creators.
Thank so much Dave, I really appreciate your kind words!@@user-wh1ti5cl2c
Same here after a lot of mistakes and irresponsibly using my capital one cards and maxing out my cards it’s safe to say my credit is in much better condition Cap One customer since 2019 and I just applied for the Savor One and got approved for 10k. I heard people complain that they don’t get good limits for this card or the VX, but I haven’t had that issue thank God. I am going to apply for the Venture X next we’ll see how it goes lol.
👍🏻
🥇
🥇Capital One Venture X🥇
Still a great card for sure! Thanks for watching Jimmy!
You just seem salty
Haha maybe so 😂