The Capital One Venture X Rewards Credit Card is known for its reasonable annual fee and valuable perks. However, one of its major benefits, the Hertz President’s Circle status, will soon come to an end. This article will discuss the details of this benefit cut and provide alternative options for cardholders who value rental car benefits.
The Capital One Venture X Rewards Credit Card has gained popularity due to its $395 annual fee that unlocks several valuable perks. These perks include a $300 annual travel credit through Capital One Travel, extensive airport lounge access, and the option to add up to four authorized users without any additional fees. These benefits make the card appealing to frequent travelers and those who want to maximize their rewards.
In addition to these major perks, cardholders have been enjoying rental car benefits through complimentary Hertz President’s Circle status. This status comes with various advantages, such as bonus Gold Rewards points on rentals, upgrades (subject to availability), and a wider selection of vehicles to choose from the Ultimate Choice lot. Cardholders could even enjoy these benefits when booking through Capital One Travel to earn 10 miles per dollar spent.
However, the fine print of the Venture X card indicates that the Hertz President’s Circle status will only be available until December 31, 2024. A Capital One representative has confirmed that this is the end date for the benefit. This information was first reported by Thrifty Traveler.
This removal of the Hertz President’s Circle status is consistent with a pattern seen from Capital One recently. The issuer previously removed Priority Pass restaurant access in late 2022 and announced that holders of the Capital One Venture Rewards Credit Card and Capital One Spark Miles for Business would lose their two annual airport lounge passes beginning January 1, 2025.
While losing a benefit without a replacement is disappointing, it is unlikely to be a deal breaker for most Venture X cardholders. The remaining perks, such as lounge access, the $300 travel credit, and a solid earning rate of two Capital One miles per dollar spent, provide enough value to justify the $395 annual fee. Capital One has even opened two new lounges in 2023 at Washington D.C.’s Dulles International Airport (IAD) and Denver International Airport (DEN).
However, for those who consider car rental status an important perk, there are alternative options available. One option is to switch to The Platinum Card from American Express when the Venture X benefit ends. With the Amex Platinum, cardholders receive rental car benefits through complimentary Hertz President’s Circle status, as well as status with Avis and National. Many other cards also offer rental car status, and some even include primary car rental coverage.
Alternatively, Delta Medallion members can obtain automatic Hertz elite status. Both Platinum and Diamond Medallions are eligible for complimentary President’s Circle status. This option is particularly appealing for frequent Delta flyers who want to enjoy rental car benefits.
In conclusion, the Hertz President’s Circle status benefit will no longer be available for Capital One Venture X Rewards Credit Card holders starting in 2025. While losing this benefit is disappointing, the card still offers valuable perks that justify the annual fee. For those who prioritize rental car benefits, switching to other cards or leveraging alternative options like Delta Medallion status can provide similar benefits. Cardholders should evaluate their travel preferences and needs to determine the best course of action.