American Express Platinum Card vs Capital One Venture X
On an illustrative household's spending, Capital One Venture X comes out about $827 a year ahead once both annual fees are paid.
The short version
- Over a year: Platinum Card nets −$270 and Venture X nets $558, after fees of $895 a year and $395 a year.
- Where it flips: Venture X stays ahead at every level of spending this looks at, from a fraction of that household's to many times it.
- Category by category: Platinum Card earns more on 1, Venture X on 1 — the table below. Pick by where most of your money goes.
- What they pay in: Platinum Card earns Amex Membership Rewards (2.00¢ each) and Venture X earns Capital One Miles (1.80¢ each) — which is why everything here is in dollars.
Priced on a household spending $2,205 a month on a card — the assumption, in full. Credits, perks and welcome offers are not priced; each card's page lists them.
Where each one earns more
| Spending on | Platinum Card per $100 |
Venture X per $100 | Better |
|---|---|---|---|
| Flights | $10.00 5x |
$3.60 base rate |
Platinum Card |
| Everything Else | $2.00 base rate |
$3.60 base rate |
Venture X |
Only categories where the two differ and at least one pays a bonus, plus everything else. No rotating or chosen categories are switched on, and a rate that needs the issuer's travel portal is not counted.
Side by side
| Platinum Card | Venture X | |
|---|---|---|
| Issuer | American Express | Capital One |
| Annual fee | $895 a year | $395 a year |
| Foreign transaction fee | none | none |
| Earns | Amex Membership Rewards | Capital One Miles |
| A year, before the fee | $625 | $953 |
| A year, after the fee | −$270 | $558 |
| Rates checked | 2026-08 | 2026-08 |
Protections one has and the other does not
| Benefit | Platinum Card | Venture X |
|---|---|---|
| Trip delay | Yes | — |
| Trip cancellation | Yes | — |
| Baggage | Yes | — |
| Centurion lounges | Yes | — |
| Airline fee credit | Yes | — |
| Concierge | Yes | — |
From each issuer's benefit summary (Platinum Card: 2026-09; Venture X: 2026-09). Summaries leave out exclusions — read the full guide to benefits before relying on one.
Each card on its own
- American Express Platinum Card — every rate, where it ranks, what the issuer lists besides rewards
- Capital One Venture X — every rate, where it ranks, what the issuer lists besides rewards
- Every travel card, ranked
- Which card adds the most to your own wallet