Capital One’s newest card offering, the Capital One Venture X Rewards Credit Card, is a compelling option for those looking to simplify their travel.

With a bevy of benefits and a solid sign-up bonus, there are plenty of reasons to pick up this card. Prior to diving in, however, here are six things to know before getting the Capital One Venture X Rewards Credit Card.

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What to know before getting the Capital One Venture X Rewards Credit Card

1. It offers a $300 annual travel credit

The marquee benefit advertised for the Capital One Venture X Rewards Credit Card is also its most valuable.

Each year, cardholders have access to a $300 travel credit usable on the Capital One Travel portal.

Although this travel credit isn’t as flexible as the one offered by the Chase Sapphire Reserve®, which is automatically applied to any travel purchases, you can still find plenty of flexibility when using Capital One’s credit.