Capital One Venture X vs. Amex Platinum Comparison 2024

With the Amex Platinum Card, you can earn 80,000 Membership Rewards® points after you spend $8,000 on eligible purchases on your new card in your first six months of card membership. With Amex Membership Rewards points, you have many redemption options including using this bonus to book $800 in airfare (through American Express Travel) and unlock even more value with Amex’s travel partners.

The Capital One Venture X has a welcome bonus of 75,000 miles after you spend $4,000 in the first three months from account opening. You can use these miles to cover $750 in travel purchases or transfer the miles to a partner travel loyalty program to book premium cabin flights.

The Amex Platinum earns American Express Membership Rewards® points, which you can redeem in various ways. The easiest ways to use Membership Rewards points include redeeming them for gift cards, statement credits, merchandise or booking travel through Amex Travel. The value of these redemptions is usually 0.5 to one cent per point.

To potentially get much greater value, you can also transfer Amex points to these 21 partner travel programs at a 1:1 ratio unless noted:

• Aer Lingus AerClub
• Aeromexico Rewards (1:1.6)
• Air Canada Aeroplan
• Air France/KLM Flying Blue
• ANA Mileage Club
• Avianca LifeMiles
• British Airways Executive Club
• Cathay Pacific Cathay
• Delta SkyMiles
• Emirates Skywards
• Etihad Guest
• Hawaiian Airlines HawaiianMiles
• Iberia Plus
• JetBlue TrueBlue (5:4)
• Singapore KrisFlyer
• Qantas Frequent Flyer
• Qatar Airways Privilege Club
• Virgin Atlantic Flying Club
• Choice Privileges
• Hilton Honors (1:2)
• Marriott Bonvoy

The Capital One Venture X earns Capital One miles, which provide redemption options similar to Amex points. You can redeem Capital One miles for cash back, gift cards and recent travel purchases. You can also use Capital One miles to pay for travel you book through Capital One Travel. These redemptions usually get you 0.5 to one cent per mile in value.

You have the option to transfer Capital One miles to 18 travel loyalty programs (1:1 transfer ratio unless noted):

• Aeromexico Rewards
• Air Canada Aeroplan
• Accor Live Limitless (2:1)
• Air France KLM Flying Blue
• Avianca LifeMiles
• British Airways Executive Club
• Cathay Pacific Cathay
• Choice Privileges
• Emirates Skywards
• Etihad Guest
• EVA Air Infinity MileageLands (2:1.5)
• Finnair Plus
• Qantas Frequent Flyer
• Singapore Airlines KrisFlyer
• TAP Air Portugal Miles & Go
• Turkish Airlines Miles & Smiles
• Virgin Red
• Wyndham Rewards

Transferring the rewards you earn with either of these cards is typically the best way to maximize your value. Both of these loyalty programs feature an extensive list of travel partners you can use to book award flights with any of the three major airline alliances.

With a premium rewards card, you should expect to get access to a long list of benefits that provide more value than what you pay to keep the card. The Amex Platinum has no shortage of perks that run the gamut from travel and shopping credits to access to one of the best global airport lounge networks.

Amex Platinum cardholders receive a variety of elite status perks, including Gold status with Hilton Honors and Marriott Bonvoy (enrollment required; terms apply). You can also enroll to take advantage of car rental privileges with Avis, Hertz and National (terms apply). The card has a robust suite of shopping and travel protections*, to go along with airport lounge access (enrollment required) that includes visits to Delta Sky Clubs and American Express Centurion Lounges.

You can also earn over $1,500 in statement credits every year, including:

• Up to $200 back in hotel statement credits on select prepaid bookings (Hotel Collection requires a minimum two-night stay, Certain room categories are not eligible for upgrade.)
• Up to $200 annual airline fee credit per calendar year
• Up to $300 per calendar year in Equinox credit (enrollment required)
• Up to $100 annual Saks Fifth Avenue credit (up to $50 back semi-annually; enrollment required)
• Up to $189 credit to enroll in CLEAR® Plus (subject to auto-renewal; excluding any applicable taxes and fees)
• Up to $240 annual digital entertainment credit (up to $20 per month; enrollment required)
• Up to $155 annual Walmart+ credit (up to $12.95 per month plus applicable taxes on one membership fee. Plus Ups are not eligible. Subject to auto renewal)
• Up to $200 in Uber cash annually ($15 per month, $20 in Dec.; Uber Cash and Uber VIP status is available to Basic Card Member only)
• $100 application fee credit every four years for Global Entry or up to $85 every 4.5 years for TSAPreCheck

Capital One Venture X cardholders receive access to Capital One airport lounges and can enroll to receive access to more than 1,400 Priority Pass and Plaza Premium lounges. You can even add up to four authorized users for free and each of those cardholders can enroll to get their own Priority Pass membership.

It also has top-tier travel and purchase protections, as well as Hertz President’s Circle Status (enrollment required) and Visa Infinite rental car privileges with Hertz, Avis and National. When you use the card to pay for your Global Entry or TSA PreCheck application, you’ll receive a fee credit of up to $100 (once every four years).

Every year, you’ll receive up to $300 in travel credits for eligible Capital One Travel bookings. In addition, on every card anniversary, you’ll receive 10,000 bonus miles.

* Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

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For anyone who wants premium perks and will take full advantage of the benefits these cards offer, either the Capital One Venture X or the American Express Platinum can make sense. Ultimately, it boils down to what perks you value the most and how much you’re willing to pay each year to get those benefits.

The Amex Platinum has a bigger upfront cost and although it offers a more lucrative array of benefits, those benefits can be complicated to redeem for full value. Many of its statement credits only apply to a specific brand or brands and others are earned in monthly or semi-annual increments.

The Capital One Venture X is affordable (for a high-end card) and you can fully offset the fee by taking advantage of two straightforward benefits. Every year you keep the card, you’ll get a 10,000-mile bonus worth at least $100 in travel. You’ll also get an annual $300 Capital One Travel credit that applies to any travel you book through Capital One Travel.

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**For rates and fees of The Platinum Card® from American Express, click here.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.