Credit Card Showdown – Forbes Advisor

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The Capital One Venture X Rewards Credit Card and the American Express® Gold Card are two popular travel cards with premium benefits. Both cards offer substantial welcome bonuses and high earning potential in exchange for high annual fees. If you’re looking for a new credit card, both of these cards have a lot of awesome features that are worth considering. Here’s an overview of how the Capital One Venture X Rewards credit card and the American Express® Gold card compare:

welcome bonus

The Capital One Venture X Rewards credit card offers a generous welcome bonus: Earn 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening.

Currently, the welcome bonus for the American Express Gold card is less generous: Earn 60,000 Membership Rewards® points after spending $4,000 on purchases in the first 6 months of card membership.

It’s worth noting that if you’ve received the Gold Card welcome bonus in the past, you probably won’t be eligible for another one under the once-per-lifetime rule. American Express also has several application rules that could make you ineligible for a new card. If you currently have five Amex cards, you probably won’t be approved for Amex Gold. And if you received a welcome bonus recently, you’ll want to wait at least 90 days before your next credit card application.

If you do not qualify for Amex Gold under any of these rules, you may want to consider Capital One Venture X instead.

Earn rewards

The Capital One Venture X earns 2 miles per dollar on almost all expenses, making it ideal for those who want a simple income structure. You will earn high rewards on daily purchases without having to follow category bonuses.

But if you want to maximize category bonuses, you’ll earn 10 miles per dollar spent on flights, hotels and rental cars booked through Capital One Travel. Cardholders also earn 10 miles per dollar spent on Turo car rental reservations made through May 16, 2023. These highly competitive rates will come in handy when you need to book travel and want to maximize your revenue on the card. .

Amex Gold is best suited if you want to earn high rewards in the daily spending categories and occasional travel purchases. The card earns 4 Membership Rewards® points per dollar at restaurants, plus takeout and delivery in the US, 4 Membership Rewards® points per dollar at US supermarkets (up to $25,000 per calendar year of purchases, then 1 point per dollar), 3 Membership Rewards® Points per dollar on flights booked directly with the airlines or through American Express and 1 point per dollar on other qualifying purchases. If you max out the $25,000 limit at US supermarkets alone, you’ll earn 100,000 Membership Rewards for 50,000 Capital One miles.

The best card ultimately depends on your spending habits.

Fees and APR

The Venture X and Amex Gold cards both have steep annual fees that you’ll want to consider before applying. The Venture X has an annual fee of $395 while the Amex Gold is a bit more reasonable at $250. However, both cards offer a myriad of benefits that can offset these fees.

In addition to the annual fee, you may incur fees for adding additional cardholders. The Venture X has no authorized user fees, while the Amex Gold charges $35 for each authorized user beyond the first five. You pay a lower annual fee for this card compared to the Venture X, so you should take that into account as well.

The purchase APR for both cards varies based on creditworthiness and prime rate. However, Amex Gold’s purchase APR rate is normally slightly lower than Venture X’s. Again, the exact rate you’ll pay will depend on a variety of factors.

Travel benefits

The Venture X offers up to $300 statement credit for Capital One Travel bookings, plus an annual anniversary bonus of 10,000 miles on your card’s anniversary. Even if you only take one personal trip per year, you’ll probably be able to take advantage of this credit. Remember, you must book your travel through Capital One, which means you may miss out on elite benefits on hotel bookings.

Although Amex Gold does not have an annual travel credit, it does offer something potentially more valuable. Cardholders who book stays of two or more nights through The Amex Hotel Collection earn a $100 property credit. This credit can be used for virtually anything onsite: meals, spa treatments, activities, and anything else you may charge to the room.

The Venture X is the best choice if you want lounge access and a Global Entry or TSA PreCheck application fee credit. Cardholders receive an application fee credit every four years, Priority Pass membership and unlimited access to Capital One lounges and two complimentary guests per visit ($45 per additional person). Amex Gold offers none of these benefits. Neither card charges foreign transaction fees on purchases made abroad.

Transfer partners

The Amex Membership Rewards program offers a wider selection of transfer partners than Capital One. This was to be expected, given that Membership Rewards has been around longer, while Capital One started adding transfer partners just a few years ago.

Other Perks and Benefits

Apart from travel benefits and category bonuses, both cards offer meal-related benefits. Venture X cardholders have access to Capital One Dining, a reservation platform that grants exclusive access to award-winning restaurants. This can come in handy if you’re traveling to a city famous for its cuisine, where reservations can be hard to come by.

Meanwhile, the Amex Gold Card offers a $10 monthly dining credit valid at select merchants. Cardholders also get a $10 monthly Uber Cash credit good for Uber rides or Uber Eats purchases. Dining credits are more convenient for everyday use, while Capital One Dining can help you secure a table for special occasions.

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