Venture X $300 Travel Credit Changes
Capital One has made a change to the $300 travel credit that is part of the benefits on the Capital One Venture X Rewards Credit Card. This is an annual credit that helps offset the $395 annual fee.
The $300 annual travel credit was previously delivered via statement credit for Capital One Travel purchases. Going forward this becomes just a $300 discount that is applied to Capital One Travel purchases. While it is a minor change, it has some negative effects.
Check out the changes below.
Old Terms
The $300 statement credit will be provided as a single credit if the Capital One Travel purchase is greater than or equal to $300, or in multiple statement credits until the total Capital One Travel purchases are greater than or equal to $300. The credit will appear in your account within 1-7 business days, but it may take up to 2 billing cycles after purchase. If the credited Capital One Travel purchase is canceled, the statement credit may be removed from your account, though it can be reissued on any past or future Capital One Travel purchases up to $300.
New Terms
Annually, eligible Venture X primary account holders will receive a $300 Capital One Travel credit (“Credit”) to use toward purchases made through Capital One Travel. Each annual Credit will expire on the next account open date anniversary. The Credit will be available within Capital One Travel and can be applied to purchases at checkout. The Credit may be used in whole for a single purchase or in part over multiple purchases. Rewards will not be earned on the Credit. If the purchase using the Credit is canceled, the Credit will be restored if it is not expired. An expired Credit will not be restored upon cancellation.
Guru’s Wrap-up
This change in the fine print means that you will no longer earn 5X on 10X on Capital One Travel purchases when using this credit. Additionally, since the $300 is discounted at the time of purchase, it will not count towards any minimum spend requirement. It has also been possible to just keep the $300 credit when a flight or hotel booking is canceled.
HT: r/churning
