Capital One Venture X Priority Pass Cards Losing Airport Restaurant Credits

Capital One is eliminating non-lounge airport facilities from Venture X Priority Pass cards effective January 1, 2023. This follows a similar move by American Express in summer 2019.

As a result, Capital One Priority Pass cardholders will not longer be able to swipe their cards for $28 credits at participating restaurants. Chase, by contrast, will still cover restaurant swipes for their Sapphire Reserve cardmembers. I’ve reached out to Chase regarding any potential future changes.

According to Capital One,

We are always focused on offering the best products to our customers, and ensuring they include the most compelling benefits. At a $395 annual fee, Venture X continues to be a no brainer; the card offers up to a $300 annual credit for bookings made on Capital One Travel, 10,000 bonus miles every account anniversary (equal to $100 towards travel), and unlimited access to Capital One Lounges and Partner Lounge Network.

In addition to our Capital One Lounge at DFW, we are growing our network with lounges forthcoming in DEN, IAD, and LAS, and beginning to construct our recently-announced Capital One Landings at DCA and LGA. These lounges will also be available to Venture X customers.

Bobby Van’s New York JFK Terminal 8

Bobby Van’s New York JFK Terminal 8

Priority Pass makes money with each card swipe, and figured out that where they can’t offer a lounge they can still get card swipes by paying in-airport restaurants and other activities. That’s great for cardholders and for Priority Pass revenues, but not great for the bottom line of banks who are covering the tab.

Still, on net Capital One Venture X provides more lounge access than it did when the product launched, even after this change. They’ve added access to Plaza Premium Lounges, as well as U.S. Virgin Atlantic lounges, the Air France Lounge Montreal, and the MERA Business Lounges at Cancún and they’ve announced more of their own lounge pipeline. There are about 140 Plaza Premium lounges and only around 70 Priority Pass restaurants.

Ultimately I view the card as clearly ‘worth it’ despite this change – the card’s $395 fee is offset by an annual $300 credit for bookings through their travel portal and 10,000 miles at renewal. Their DFW lounge is better than anything else at the airport, in my opinion, outside of Flagship First Dining. And the points are super valuable, it remains my go-to card for otherwise-unbonused spend. Still, the change is disappointing.

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