Annual Fee
$395
Foreign Txn Fee
$0
Credit Needed
Excellent (750+)
APR
19.49%–28.49% variable
Rewards Categories
10x Hotels and rental cars via Capital One Travel
5x Flights and vacation rentals via Capital One Travel
5x Capital One Entertainment purchases
2x All other purchases
Benefits
$300 annual Capital One Travel credit
10,000 bonus miles every account anniversary (~$100 value)
Access to Capital One Lounges + 1,300+ Priority Pass lounges (primary cardholder)
Complimentary Hertz President's Circle status
Premier Collection hotel perks: $100 experience credit, breakfast for two, late checkout
Up to $120 Global Entry/TSA PreCheck credit
Cell phone protection
Trip cancellation/interruption, trip delay, rental car insurance
No foreign transaction fees
Welcome Bonus
75,000 bonus miles after spending $4,000 in first 3 months (~$750 in travel)
Pros & Cons
Pros
$300 travel credit + 10,000 anniversary miles effectively reduce net fee to ~$95
Free authorized users (no per-user fee, unlike most premium cards)
Capital One Lounges are new and notably nice, plus Priority Pass access
Lower fee than Amex Platinum or Chase Sapphire Reserve for comparable perks
Cons
$300 credit only applies to Capital One Travel bookings
Smaller lounge network than Amex Centurion or Priority Pass alone
Requires excellent credit (750+)
Best For / Worst For
Best For
Travelers wanting premium perks at a lower net cost than Amex Platinum or Sapphire Reserve
Worst For
Those who don't book travel through the Capital One Travel portal
Reward Valuation
Capital One miles valued around 1.7–1.85 cents via transfer partners.
Points Value Breakdown
Average Value
1.75¢/point
Travel Redemption
1¢/point
Transfer Partner Value
1.85¢/point
Statement Credit Value
1¢/point
Cash-Out Value
0.50¢/point
Example
75,000 welcome bonus miles ≈ $750 toward the Capital One Travel portal at 1¢ each, which combined with the $300 annual travel credit covers most of a domestic round-trip.
Statement Credits
Capital One Travel Credit
$300/yr
Applied toward bookings through Capital One Travel
Anniversary Miles
10,000 miles/yr
~$100 value, awarded every account anniversary
Global Entry/TSA PreCheck
Up to $120
Every 4 years
Premier Collection Hotel Credit
$100/stay
Plus breakfast for two and late checkout at Premier Collection properties
Transfer Partners
Air Canada Aeroplan
Strong for Star Alliance awards
1:1
Turkish Airlines Miles&Smiles
Useful for partner awards
1:1
Wyndham Rewards
Good for budget hotel stays
1:1
Travel Protections
Trip Cancellation/Interruption
Coverage for prepaid, non-refundable travel expenses
Trip Delay Reimbursement
Covers essential expenses during covered delays
Insurance Benefits
Cell Phone Protection
Coverage against damage/theft when bill paid with card
Rental Car Insurance
Primary coverage when renting and using this card
Approval Odds
Generally requires excellent credit (750+) and strong income relative to the $395 fee.
Historical Welcome Offers
June 2026
High Offer75,000 miles after $4,000 spend in 3 months
2025
High Offer75,000 miles after $4,000 spend in 3 months
User Reviews
May 2026
Best value premium card
Once you net out the $300 credit and anniversary miles, this is basically a $95 fee for lounge access and great travel protections.
— Y.C.
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Last verified June 2026