Capital One Venture X vs Amex Platinum Card

when Capital One Venture X Rewards Credit Card Released in late 2021 and joined the established rank Premium Travel Card Like American Express Platinum Card. The Venture X and Amex Platinum have several common features, and at first glance it may seem like a interchangeable option. To identify relative strengths and weaknesses, you need to dig a bit into the reward structure and other benefits of each card.

You can break these details down and help you decide which one is best for your wallet.

Main details

card	Capital One Venture X Rewards Credit Card	American Express Platinum Card
Welcome offer	Spend $4,000 on purchases in the first three months of opening an account and earn 75,000 miles on a trip, worth $750	Earn 80,000 Membership Rewards® Points after spending $8,000 on eligible purchases of new cards for the first six months of your card membership.
Remuneration rate	1 trip booked in the capital with 10 miles per dollar with hotels and car rentals 5 miles per dollar for flights and vacation rentals booked on a single trip 2 miles per purchase every day	Earn 5x Membership Rewards® Points for up to $500,000 per calendar year on flights booked directly with the airline or on American Express trips. Earn 5x Membership Rewards® Points at prepaid hotels booked with American Express Travel.
Intro April	There’s no introduction April	There’s no introduction April
Annual fees	$395	$695

Capital One Venture X vs Amex Platinum Highlights

Both Venture X and Amex Platinum offer great welcome offers and ample rewards for travel spending, but there are differences to note before choosing these cards. Here’s how these compare with some important features:

Which cards make the most money?

Venture X and Amex Platinum offer similar reward structures. Your revenue depends on how you spend, but you can get the same value in miles or points from either card. However, if spending over the first six months is high enough to win the Amex Platinum Welcome Offer, then Amex Platinum will have a greater advantage at least in the first year.

Capital One Venture X vs Amex Platinum Expense Example

How Compare cardslet’s take a look at an example of annual spending. Suppose you will charge a total of $18,000 on your card within one year, and $10,000 of that will be charged within the first six months.

Furthermore, let’s say that spending this year collapses like this.

$6,000 is airfare
$2,000 at the hotel
$2,000 at a restaurant
$8,000 for additional spending

The chart below shows how many reward points or miles you earn based on how you spent your money in the first year you have each card.

	Capital One Venture x	American Express Platinum Card
Welcome bonus rewards	75,000 miles	80,000 points
Airfare Rewards	30,000 miles (if booked on a Capital 1 trip)	30,000 points (if booked on an American Express trip)
Hotel Rewards	20,000 miles (if booked on a Capital 1 trip)	10,000 points (if booked on an American Express trip)
Restaurant rewards	4,000 miles (counted as non-category spending)	2,000 points (counted as non-category expenditures)
Additional non-categorised spending compensation	16,000 miles	8,000 points
Total reward	145,000 miles	130,000 points

If you have Venture X, you will accumulate a total of 145,000 miles. According to Bankrate ratings, each Capital One mile is worth an average of 1.7 cents. A valuable travel partner. This means that miles per year can be worth an average of $2,465. After subtracting the $395 annual fee, there is about $2,070 left in total revenue.

With the Amex Platinum Card, you can earn 130,000 points. This is clearly not very common. However, Bankrate Valoce membership rewards are transferred to a valuable transfer partner, with an average of 2.0 cents each. So those points are worth an average of $2,600. After paying the $695 annual fee on your card, you will be left with $1,905 in revenue.

In this scenario, the Capital One Venture X card will earn a large amount of rewards overall within the first year of ownership of the card.

However, it is important to note that Amex Platinum reward points are on average worth more than the Capital One Venture X-mile when transferred to a travel partner. Therefore, if you plan to use your card primarily for airfares, it may be beneficial to choose American Express. Additionally, Amex Platinum offers many additional statement credit opportunities to further offset the fees.

Why do I need to get Capital One Venture X?

Venture X offers better reward rates in hotels and car rentals compared to Amex Platinum, so if you’re spending a lot of money on these categories, you might prefer Venture X. With the annual fees being much lower, it may be easier to offset the costs of this card. moreover, Other Benefits of Venture X It can add a lot of value when traveling.

Why do I need to get an Amex Platinum?

You will need to spend more to trigger an Amex Platinum welcome offer, so if you’re not sure if you can spend $8,000 within the first six months, you might want to opt for the Venture X.

but, Amex Platinum has other benefits There are values that can be summed quickly when used consistently.

Conclusion

Choosing between the Capital One Venture X and the Amex Platinum is a close call, especially as frequent travelers can be very useful with both cards. Some people may prefer Venture X with its low annual fees and strong compensation rates, including a double point baseline compensation rate. Others may choose Amex Platinum’s more generous welcome offers, additional statement credits, and higher point values. If you’re looking for a luxury travel card and can justify your annual fee, both cards will make a great addition to your wallet.