7 Hidden Benefits of the #1 Credit Card of 2023 | Venture X 

Not sure what limit you are referring to... The link you posted here says- "Eligible Venture X cardholders get unlimited complimentary access for you and two guests".

@@tanvirirfanchowdhury3390 Yup I believe that is the C1 lounge and Plaza lounges while PP has no imposed limit from the card itself

It is useless right now. No one can sign up for Priority Pass with Venture X.

Can you do a review on chase savor one and link with venture card. Also can you explain it a user uses chase savor one can he transfer points to venture x?

Only two guest per lounge visit and only 4 AU’s

@@blueclearsky That's my experience as well. For sure only 4 AU's per card.

I thought they changed it to limit to 2 guests.

By the way, in the CapOne lounge in LA (at the Americana) all drinks appear to be 50% off with any Capital One card.

You’re right, thanks for letting me know!!

Thanks Danny. The link should be in the description box now, thanks for pointing that out!

We learn something new everyday, thanks for the comment Tina!

They definitely will make money on that one hundred. Capital provides financial products for mainly sub prime customers. Great comment I definitely did not think of it. Now it all makes sense how they manage to keep the venture x going.

They invest it or give out loans and they get a return on their money we make $5 and they make hundreds

Depends on if you use the benefits. I like the visa infinite access for the medical insurance. Covers $2500 in expenses, so I don't have to purchase travel insurance as long as I'm traveling in countries with cheap medical access. Saves me $75/month.

You cannot reliably make 20% return in one year. Even among big banks. Good theory, doesn't work. This is just them trying to get customer to sign up and later they will bump fee.

@@adityapatel9735 yeah that was just an easy number for the hypothetical lol. Sub it with whatever number you want, point was just that the time value of money is a real thing. So yeah, it is a good theory, and it does work. And it doesn’t at all preclude what you’re saying either, no single factor will explain it, but a part of it is absolutely that it’s an interest free loan.

But venture x doesn't cover restaurants anymore.

Wait why did they cover your check??

Restaurant things must have happened before 2023

Link is now in my description box, hope that helps!

Wow that’s crazy number of people. But also yes. The venture x is an amazing card.

Had a very similar experience with Chase!! These big companies could are less about their customers.

While I sympathize with you, it is common knowledge that you should not use OTA for big trips. You should really be booking economy flights through airlines such as delta, AA or any other airline that will reflect the tickets on their own app immediately after booking through OTA. This way you KNOW that the airline will take care of any issues rather than the OTA. I have booked multiple times through different OTA and have never had a problem when booking with the right airline. If doing international, from my experience, even on economy flights, its usually best to book through transfer partners or cash directly than through OTA.

@@ryanrodriguez5293 this is good information however if you don't book through their portal, you won't get the 5x points for the cost of the flights which equates to roughly 20-25K miles for a round trip.

I tend to use them for resorts, and not travel.

Omg!

You basically never wanna use your debit card unless there's some reason a credit card would get charged a fee. Most, if not all, credit cards allow you to pay off your statement before it's due. So if you hit 30% utilization, simply pay it off and continue using it. In fact, the utilization is only tracked when the credit company sends the info to the credit score people, so as long as you pay if before that date (it's between when you get the statement and when it's due; I think about a week after you receive the statement), it'll be reported as that low. The lower the better (but not 0 cuz they can't report anything if there's nothing to report), so if you notice your utilization going too high, just pay most of it to lower the utilization back to 0-30% (

I hope you’re not carrying that large of balance for months/yrs on end.

Never ever ever carry a balance. Only charge what you currently have in the bank (treat it like a debit card). I personally pay off my card in the app every single day. If you ever find yourself carrying a balance into the next month (which causes an interest charge) then you need to switch back to debit for a while to cool down and reassess whether you can handle credit. I got myself into bad credit card debt in my twenties. Eventually wised up and switched to debit for several years. Now I use credit for the benefits but I treat it like handling snakes. It’s inherently dangerous and should always be treated with the utmost respect and reverence.

You’re still young, so I’d keep building up your credit and look at the BILT credit card when you get to a 720 or higher. It’s fairly new, but there’s no annual fee and there’s a lot of benefits and it’s been getting a lot of traction on RU-vid recently. Also, don’t apply for any store cards unless you always shop there. Most of the offers are really bad and the APR‘s are horrible for the benefits they give. Just stick with the premium ones. And one last thing, since you’re still young, you have the advantage of average age of accounts. Which basically means you should apply for the majority of your cards over the next few years then don’t apply for anything for a while. That way your average age of accounts will be high and you won’t have any hard pools on your credit after two years and you’ll just be strictly building your credit from then on. And if you have any cards with a certain bank, you can ask for a product change to a higher tier card, and usually that will keep the same date as your previous card, depending on who it’s with. Look at all of the factors that affect your credit score, and just see the best way to play it. I hope this helps!

It’s only lounges, so anything that’s non-lounge is not included unfortunately.

​@@EthanPatrick_CreditCards Bummer :(

@@Sabitar1 Yeah... But at least the lounge access is decent as far a lounges go!

yes you can only pay 1 cent per point , which I do not recommended.

@@bradxiaobut you get 2x points on all purchases right?

@@bradxiaowhat do I recommend? Transfer out? I know of any good sites to assist?

Great question Steven, I'd say if you know exactly what you wanna do with the points yes. But why not save a 5/24 slot an go for Chase Ink cards instead?

Great catch on that! I believe guest limits are 2 for Plaza and Cap 1 lounges but still unlimited for Priority Pass. It's confusing because Priority Pass says limit 2 but Cap 1 says unlimited. I'm sure if it came down to it you can get any charged refunded by Cap 1. Thanks for the comment!!

@@johnsfinancetips You are most welcome 🙏🏻 Thanks for doing what you do!

Yeah I have been able to bring in like 7 people in to a priority pass long. All depends on their rules

My balance is negative 300 right now because they offer statement credits for certain vendors. The amount they give you back varies. Today for example they have viator at 9% back, hertz at 5%, and VRBO at 5%. I've seen Viator at 11% and VRBO at 9% but like I said it goes up and down. I travel enough that I do both chase and Venturex. The vX has paid for itself many times already.

I know this is so old, but I tried this: Used my amazon card (or any card that gives you elevated bonus on amazon) to get airbnb gift-card with the amount I need, so I got the 5% back from amazon using that card. Then used that gift card to book my airbnb.

Airbnb is a qualified travel expense that you can use points to cover after the fact

Thank Greg! Haha appreciate you for understanding!!

That's a great question that I'm not sure I have the answer to...but last I checked some Teslas were renting at $50 or less a day

Yes it works

It pays for itself if you travel once a year. I say go for it

@@CarterNL414 what’s the lowest limit they’d give you

@@Yaahboi52 10,000

I think that’s correct because I just tried it and it was forcing me to make the purchase online

Welcome to the channel! Great question, and personally I have no problem with skipping tiers. As long as you can manage the features of the cards then go for it. Best of luck!

@@johnsfinancetips Thanks! Any idea how long the application process takes usually? I want to make sure it lines up with one of my upcoming trips so I can make sure I'm putting $4000 on it

@@rphillipps16 you'll know if you're approved or denied within a couple of minutes of initially apply for the card. If you get denied and call the reconsideration line they typically take about a week to manually review your application and get back to you.

Can you use your credit annually for annual fees ….every year or only first year

100%

Great call out!!

What is pc? And why is it so hard to type out the word? Were you in military where everything is an acronym?

​@@mreega4812I think he means President's Circle from the video. It took me a moment to figure it out, too.

It is every 4 years that you can get the Global Relay credit; Not sure about authorized user.

I'm sure you figured this out already, but for anyone else who might have the same question: the annual bonuses are just for the primary cardholder. So, each is once per year, totaling $400, no matter how many authorized users are on the account. Hope you both are still loving the card!! All the best

Had to re-work it a bit but it will be back!

I believe that offer was only available when the card first came on the market. I got mine with that offer. It is unlikely they'll offer it again. Generally speaking I haven't seen those variations in SUB offers with Capital One like AmEx does it

What’s the lowest limit you’d be given if approved for the card

@@Yaahboi52 I believe 10,000

Agreed!

Thanks Vic, will do!

No. The referral bonus is for "new to Cap1" customers.

If they're anything like Chase, she should be all set. Technically she isn't liable for your debt so technically she doesn't HAVE the product. Even though she's an AU. Give them a call to confirm but with Chase it was ok.

The portal did it for me… love the rest but that portal 😵‍💫

@@Shipwrckdntweetin I know right?? There's a lot of downsides to portals...

The portal is also more expensive when booking than directly with the airline

I was hesitant about the portal too. I booked three nights in Medellin, Colombia. Received credit within five days. No issues with check-in thankfully.

@@SC_XOLOs they price match. If you find the price cheaper elsewhere, you can contact them and they will change the price for you.

4 is a lot though, fair enough

@@NMartin2u yeah for sure it’s more than most people will need. But a caveat nontheless

Thanks for sharing that Jules! I think there is still some variability lounge to lounge but certainly not as it once was circa 2016 CSR haha

Oh damn, you can match status with Hertz to enterprise?? Curious to know too cause I just got my Presidents Circle status 🤔

The Capital One app does track; however, it is very delayed. That was how it was when I used it at least.

@@mayachelsie4072 Parts of the app is slowly unlocking for me as the card is being mailed here. I bet it tracks better once I activate the card. I already bought something through the virtual card though, I hope it counts.