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Venture X Card: Important Downgrade Rules To Know

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October 25, 2024

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Venture X Card: Important Downgrade Rules To Know

"Understanding The Downgrade Options For Your Capital One Venture X Card: Key Rules And Timelines"

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Many people are wondering if they will be able to downgrade the Capital One Venture X Rewards card after year one and not pay the annual fee going forward. Here are some Capital One rules to keep in mind.

1. Annual Fee Refund

Capital One acts very strangely in regards to annual fee refunds. You can get an annual fee refund only if you close the card within 30 days of when the annual fee was charged.

If you choose to downgrade the card, then Capital One will not give you a refund for the annual fee, even within the 30 days. Why they want you to close the card rather than downgrade it, I don’t know.

In order to be able to downgrade the card and not be charged the annual fee, you need to downgrade the card 60 days before the card anniversary. Keep this in mind if you do not want to keep the Venture X card and make sure to remember to downgrade 60 days before the first year is up.

Capital One very often offers an annual fee waiver if you agree to keep the card open as-is, and you have a perfect payment history. Will this waiver be offered on the Venture X card as well? I don’t think so, but you never know…

2. Not Always Available

Downgrades are not always available. They can be targeted for each account, and some cardholders are not able to downgrade their Capital One credit cards. So with Capital One, you are never guaranteed that a downgrade will be possible.

3. Same Family

You can usually only product change a Capital One card within the same card family or brand. I don’t have a confirmed data point, but I believe that the downgrade options for the Venture X card will be the Capital One Venture Rewards Credit Card ($95) or the Capital One VentureOne Rewards Credit Card ($0).

4. Rewards

You don’t lose any rewards if you downgrade your Capital One credit cards.

5. Credit Score

Your credit score is not affected in any way when you downgrade a credit card.

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Sample Caption
Bank Name	Reports	Back Dates
Amex	✅	❌
Barclay	✅	✅
Bank of America	✅	✅
Chase	Sometimes	✅
Citi	✅	✅
Capital One	✅	✅
Discover	✅	✅
HSBC	❌	❌
US Bank	✅	✅

This is some text inside of a div block.

Lounge	Access	Guests	How to Access
Priority Pass	Free with enrollment	2 free guests	Enroll in Priority Pass. Use the app for entry.
Delta Sky Club	Free with Delta flight	No free guests	Show your card and Delta boarding pass.
Amex Centurion	Free	2 free guests (starting Feb 2023)	Show your card and boarding pass.
Global Lounge Collection	Free	Varies by lounge	Show your card and boarding pass.
Escape Lounges	Free	2 guests or immediate family	Show your card and boarding pass.
Plaza Premium	Free	2 free guests	Show your card and boarding pass.

Sample Caption
Bank	Minimum Payment Calculation
American Express Personal	The greater of these: $40, 2% of the balance excluding interest and fees, 1% of your balance plus interest and fees
American Express Business	The greater of these: $35, For a balance of $0-$25,000: 1% of the balance plus monthly interest and fees, For a balance of $25,000-$75,000: 5% of the balance plus monthly interest and fees, For a balance over $75,000: 10% of the balance plus monthly interest and fees*
Bank Of America	The greater of these: $25, or 1% of the full balance plus the monthly interest and fees
Barclay Bank	The greater of these: $27, or 1% of the full balance plus the monthly interest and fees
Capital One	The greater of these: $25, or 1% of the full balance plus the monthly interest and fees
Chase	The greater of these: $25, or 1% of the full balance plus the monthly interest and fees
Citi	The greater of these: $25 or 1% of the full balance plus the monthly interest and fees, or 1.5% of the full balance
Discover	The greater of these: $35, or 2% of the full balance or $20 plus the monthly interest and fees
Santander	The greater of these: $25, or 1% of the full balance plus the monthly interest and fees
Synchrony	The greater of these: $25, or $35 if you had any late payments within the last six months, or 1% of your full balance plus the monthly interest and fees
Us Bank	The greater of these: $30, or 1% of your full balance plus the monthly interest and fees
Wells Fargo	The greater of these: $15, or 1% of the full balance plus the monthly interest and fees

Sample Caption
RATIO	TRANSFER PARTNER	TRANSFER TIME	ENDS	TYPE
1:1	Aeroplan Loyalty Program	Instant	July 31, 2024	Airlines
1:1	Air France-KLM Flying Blue	Instant		Airlines
1:1	Avios	Instant		Airlines
1:1	Emirates Skywards	Instant		Airlines
1:1	IHG One Rewards	1 Day		Hotels
1:1	JetBlue TrueBlue Rewards Program	Instant		Airlines
1:1	Marriott Bonvoy	2 Days		Hotels
1:1	Singapore Airlines KrisFlyer	12-24 Hours		Airlines
1:1	Southwest Rapid Rewards	Instant		Airlines
1:1	United MileagePlus	Instant		Airlines
1:1	Virgin Atlantic FlyingClub	Instant		Airlines
1:1	World of Hyatt Loyalty Program	Instant		Hotels

Bank	Credit Bureau	Notes
Amex	Experian	For existing Amex cardholders, Amex does not pull your credit for new credit card applications.
Avianca	TransUnion
Apple Card	TransUnion	They will first only do a soft pull to check if you qualify. If you qualify and accept the offer, then they do a hard pull. Some have had success avoiding the hard pull by freezing TransUnion after the preapproval but before the final decision.
Barclays	TransUnion
Bank of America	Experian	If you freeze your Experian report, they will pull your TransUnion credit report.
Capital One	Experian, Transunion, Equifax	If you freeze one credit bureau, you can still get approved (the credit bureau you freeze cannot be TransUnion).
Chase	Experian
Citi	Experian/Equifax	Citi will usually pull your Experian credit report, sometimes Equifax, and sometimes both Experian and Equifax. If you freeze your Experian credit report, you can sometimes request the reconsideration department to pull your Equifax credit report.
Citizens	Equifax
Discover	Experian/Equifax	Discover will usually pull your Experian credit report, sometimes Equifax. If you freeze your Experian credit report, Discover will be glad to pull from either TransUnion or Equifax. Chat with a rep after submitting the application.
Elan Financial	Experian
HSBC	Equifax
Key Bank	Equifax
Synchrony	TransUnion
TD Bank	Experian
US Bank	Experian	If you frequently apply for credit cards, first freeze your IDA/ARS bureaus before applying for a US Bank credit card.
Wells Fargo	Experian/Equifax	In some states, they pull Experian and Equifax.

Order	Credit Card	Bank	Credit Bureau	Notes
1	Chase Sapphire	Chase	Experian	Chase is very sensitive to recent inquiries.
2	Citi Premier	Citi	Experian/Equifax	Citi is also sensitive, but you can sometimes request to pull Equifax if Experian is frozen.
3	Amex Gold	Amex	Experian	Amex is less sensitive, and they don't pull credit for existing cardholders.
4	Barclays Arrival	Barclays	TransUnion	Less sensitive, but be mindful of one or two recent inquiries.

Sample Caption
Bank Name	Reports	Back Dates
Amex	✅	❌
Barclay	✅	✅
Bank of America	✅	✅
Chase	Sometimes	✅
Citi	✅	✅
Capital One	✅	✅
Discover	✅	✅
HSBC	❌	❌
US Bank	✅	✅

Sample Caption
Bank	Reports Business Cards?
Amex	No
Bank Of America	No
Barclays	No, Barclays business cards generally don’t report
Capital One	Yes, except the Capital One Spark Cash Plus and Capital One Venture X Business
Citi	No
Chase	No
Discover	Yes
M&T Bank	No
US Bank	No
TD Bank	Yes
Wells Fargo	No

Sample Caption
Issuer	Dun & Bradstreet	Small Business Financial Exchange (SBFE)	Experian Business	Equifax Business
Amex	Conflicting data points	Yes	No	No
Bank of America	No	Yes	No	No
Barclays	No	No	No	No
Capital One	Yes	Yes	Yes	Conflicting data points
Citi	Yes	Yes	Yes	Yes
Chase	Yes	Yes	Yes	Conflicting data points
Discover	Yes	No	Yes	Yes
US Bank	Yes	No	No	Yes
Wells Fargo	No	Yes	No	No

Sample Caption
	Minimum Age
Amex	13 years old
Barclay	13 years old
Bank of America	No minimum age
Chase	No minimum age
Citi	No minimum age
Capital One	No minimum age
Discover	15 years old
US Bank	16 years old
Wells Fargo	No minimum age

Sample Caption
Rating	Credit Score Range	Description
Poor	<580	This credit score is well below the average score of U.S. consumers and demonstrates to lenders that the borrower may be a risk.
Fair	580-669	This credit score is below the average score of U.S. consumers, though many lenders will approve loans with this score.
Good	670-739	This credit score is near or slightly above the average of U.S. consumers and most lenders consider this a good score.
Very Good	740-799	This credit score is above the average of U.S. consumers and demonstrates to lenders that the borrower is very dependable.
Exceptional	800+	This credit score is well above the average score of U.S. consumers and clearly demonstrates to lenders that the borrower is an exceptionally low risk.

Sample Caption
Very Poor	Poor	Average	Good	Very Good	Excellent
579	619	679	719	779	800+
578	618	678	718	778	799
577	617	677	717	777	798
576	616	676	716	776	797
575	615	675	715	775	796
574	614	674	714	774	795
573	613	673	713	773	794
572	612	672	712	772	793
571	611	671	711	771	792
570	610	670	710	770	791
569	609	669	709	769	790
568	608	668	708	768	789
567	607	667	707	767	788
566	606	666	706	766	787
565	605	665	705	765	786
564	604	664	704	764	785
563	603	663	703	763	784
562	602	662	702	762	783
561	601	661	701	761	782
560	600	660	700	760	781
559	599	659	699	759	780
558	598	658	698	758
557	597	657	697	757
556	596	656	696	756
555	595	655	695	755
554	594	654	694	754
553	593	653	693	753
552	592	652	692	752
551	591	651	691	751
550	590	650	690	750
549	589	649	689	749
548	588	648	688	748
547	587	647	687	747
546	586	646	686	746
545	585	645	685	745
544	584	644	684	744
541	583	643	683	743
540	582	642	682	742
539	581	641	681	741
538	580	640	680	740
537		639		739
536		638		738
535		637		737
534		636		736
533		635		735
532		634		734
531		633		733
530		632		732
529		631		731
528		630		730
527		629		729
526		628		728
525		627		727
524		626		726
523		625		725
522		624		724
521		623		723
520		622		722
519		621		721
518		620		720
517
516
515
514
513
512
511
510
509
508
507
506
505
504
503
502
501
500

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