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More importantly, the Venture cards offer a $300 annual statement credit for travel booked via Capital One and 10,000 anniversary points, which combine to be worth more than the card’s annual fee.
Alas, the $300 annual statement credit for travel is now a $300 travel credit available in the Capital One Travel portal and is no longer available as a statement credit. You can use the credit in one or more purchases until it’s fully used. That effectively closes the loophole of triggering the $300 refund with a refundable booking. It also means you won’t earn points for the $300 purchase and it won’t count towards meeting the signup bonus spend threshold.
Of course, you can still use the credit to book flights, hotels, rentals cars, and more. The Capital One portal also offers basic economy fares and offers price drop protection. Plus, you can still book non-basic economy flights and retain the travel as a future credit without a change fee. You can even deposit it into your travel bank with some airlines should you need to cancel that travel, or just use up the credit before it expires at the end of the Venture cardmembership year.
The $300 discount will be applied during the checkout process:
The Capital One $300 travel credit is still easier to use than the $200 AMEX Platinum credit, which can only be used for fees on one airline, but both trail the Chase Sapphire Reserve® $300 statement credit’s ease of use by a long shot.
Will this change affect your decision on whether to keep your Venture X card open for another year?