Amex Platinum vs Capital One Venture X — which is worth it to you?

The American Express Platinum Card ($895/yr) and the Capital One Venture X ($395/yr) side by side: credits, earning rates against a flat 2% cash-back baseline, and protections — with your spending deciding which card actually wins each category.

The Amex Platinum charges $895 a year against the Capital One Venture X's $395, so it starts $500 behind. The Amex Platinum earns Membership Rewards while the Capital One Venture X earns Capital One Miles. A point in one program isn't automatically worth a point in the other, so the calculator below turns everything into dollars against a flat 2% card.

The Amex Platinum also has a bonus on flights (5x), with nothing to match it on the Capital One Venture X.

The Amex Platinum comes with 12 statement credits, the biggest being $600 Hotel Credit, $400 Resy Dining Credit and $300 lululemon Credit, plus 9 more. The Capital One Venture X has 5 statement credits: $300 Capital One Travel Credit, 10,000 Anniversary Miles (10,000 pts) and Premier Collection Experience Credit ($100/use), plus 2 more. All of these are face values, and a credit only really pays out if it covers something you were buying anyway.

Both cards carry cell phone protection, elite status, extended warranty, lounge access, no foreign transaction fees, purchase protection, rental car collision coverage, trip cancellation and trip delay. The Capital One Venture X also has lost luggage, memberships, return protection and travel accident insurance, with no equivalent on the Amex Platinum.

American Express Platinum Card

American Express · $895 annual fee · earns Membership Rewards

Earning rates

5x Flights booked direct or via AmexTravel (on up to $500,000/yr, then 1x)
5x Prepaid hotels via AmexTravel
1x Everything else (incl. dining, groceries, hotels direct)

Statement credits (12)

$600 Hotel Credit — $300 per half-year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings via AmexTravel.
$400 Resy Dining Credit — $100 per quarter at US Resy restaurants and other eligible Resy purchases.
$300 lululemon Credit — $75 per quarter at lululemon in the US.
$300 Digital Entertainment Credit — Up to $25/month toward eligible subscriptions (Disney+, ESPN, Hulu, NYT, Paramount+, Peacock, WSJ, YouTube).
$200 Airline Fee Credit — Incidental fees (bags, seats, lounge day passes) on one selected airline per year.
$200 Uber Cash — $15/month in Uber Cash ($35 in December) for US rides or Uber Eats.
$120 Uber One Credit — Up to $120 in statement credits per calendar year for an auto-renewing Uber One membership purchased with the card.
$200 Oura Ring Credit — Up to $200 in statement credits per calendar year toward an Oura Ring purchased at Ouraring.com.
$300 Equinox Credit — Up to $300 in statement credits per calendar year toward an Equinox club membership or Equinox+ digital subscription.
$155 Walmart+ Credit — Covers a monthly Walmart+ membership ($12.95/mo).
$219 CLEAR Plus Credit — Covers a CLEAR Plus airport security membership (up to $219 per calendar year).
Global Entry / TSA PreCheck Credit — $120 Global Entry credit every 4 years (~$30/yr) or TSA PreCheck every 4.5 years.

Full American Express Platinum Card breakdown — 9 more benefits on the full page.

Capital One Venture X

Capital One · $395 annual fee · earns Capital One Miles

Earning rates

10x Hotels & rental cars via Capital One Travel
5x Flights & vacation rentals via Capital One Travel
5x Capital One Entertainment purchases
2x Everything

Statement credits (5)

$300 Capital One Travel Credit — Annual credit for bookings made through the Capital One Travel portal.
10,000 Anniversary Miles — Bonus miles every account anniversary — valued at your selected cents-per-mile.
Global Entry / TSA PreCheck Credit — $120 application-fee credit every 4 years (~$30/yr).
Premier Collection Experience Credit — $100 experience credit on every stay booked through Capital One Travel's Premier Collection, plus daily breakfast for two and other perks.
Lifestyle Collection Experience Credit — $50 experience credit on every stay booked through Capital One Travel's Lifestyle Collection.

Full Capital One Venture X breakdown — 14 more benefits on the full page.

Card data verified against issuer sources: American Express Platinum Card on 2026-08-24, Capital One Venture X on 2026-08-24.

All cards · Compare cards · Find your card