Capital One Venture X, Resort Fees Trigger Vacation Rental Credit
Capital One announced the new Capital One Venture X Rewards credit card on November 4, 2021. The premium card comes with a big welcome bonus, $395 annual fee and travel credits. You can read our full review here.
There’s a $300 in statement credits for bookings made on Capital One Travel which you get annually. Then there’s a limited time $200 statement credit for vacation rental purchases like Airbnb and VRBO, which is part of the signup bonus (this is no longer available for new applicants).
Some of these offers may have changed or ended since posting.
Vacation Rental Credit Details
Eligible Venture X accountholders will receive a statement credit for up to $200 for qualifying vacation rental purchases. Purchases must be charged to your account and appear in your account statement within your first year as a cardholder to qualify.
The $200 statement credit will be provided as a single credit if the purchase is greater than or equal to $200, or in multiple statement credits until the total vacation rental purchases are greater than or equal to $200.
If the credited vacation rental purchase is canceled, the statement credit may be removed from your account, though it can be reissued on any past or future vacation rental purchases up to $200.
The credit should appear in your account within 1-7 business days, but it may take up to 2 billing cycles after purchase.
Capital One uses merchant category codes to determine if a purchase is a qualifying vacation rental. This means that sometimes a purchase may not earn this statement credit. For example, some vacation rental agencies may use a “hotel” code rather than a “rental” code.
Eligible vacation rental merchants include Airbnb, Turnkey, Vacasa, and VRBO.
Unexpected Triggers
While the credit is meant for vacation rentals like Airbnb, VRBO and similar bookings, there are other charges that are triggering it.
Resort fees are once charge that most travelers come across, and it is triggering this Venture X vacation rental credit. Standby with Me reports one data point on Twitter. He booked a Vegas stay through Capital One travel, but the separate charge on the card at the hotel for the resort fee triggered the credit. Another data point comes from comments at Doctor of Credit. In this case the stay was booked through booking.com.
Some rent payments have also been reported to trigger this credit, so there could be other uses for it.
Conclusion
Being able to use this credit for resort fees, makes it much easier to maximize. But keep an eye out for other travel charges that might trigger it as well.
Let us know if you have the card and have received the vacation rental credit for any transactions that you didn’t expect to qualify.
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I booked a regular large hotel room (not a chain hotel) with the Capital 1 venture X card, not via their travel portal, and was surprised to see the credit for rental was on my account within a day or so. Did not think this applied to hotel bookings ????
One hack I noticed is if you book a hotel on the Capital One Travel portal and it’s not available, the charge goes through and it immediately credits it back. But it also credits towards the $300 annual credit. It happened twice now. And on my wife’s card, she booked a car rental and canceled and she also had the part of the $300 deposited back into her account. Not sure if they will take it out again next month but so far it’s doing that on 3 people I know.