Wise Multi-Currency Account is better suited for individuals needing to manage and transfer multiple currencies with transparent fees. Capital One Venture X Card is better for those seeking travel rewards and benefits, provided they can offset the annual fee with travel credits and rewards.
| Attribute | Wise Multi-Currency Account | Capital One Venture X Card |
|---|---|---|
| Account Fees | Monthly: None. Transaction: Currency conversion fees range from 0.35% to 1%. ATM: Free ATM withdrawals up to a certain limit (e.g., $100 USD or 200 GBP) each month, with a small fee (around 1.75%-2% of the amount) after that. | Annual Fee: $395. Foreign Transaction Fees: None. ATM fees internationally. |
| Currency Conversion Rates and Fees | Wise uses the mid-market exchange rate. Conversion fees range from 0.35% to 1%. Some report fees as low as 0.57%. | Capital One does not charge foreign transaction fees. |
| Number of Currencies Supported | Hold and manage over 40 currencies. Receive money in 10+ currencies with local account details. | Not applicable |
| International Transfer Fees and Speed | Fees range from 0.35% to 1.5% of the amount transferred. 90% of payments arrive within 24 hours, and 50% are instant. | Not applicable |
| Card Benefits | Debit card usable in over 200 countries, contactless payments, Apple Pay and Google Pay compatibility, no foreign transaction fees (only conversion fees). | Travel insurance (trip cancellation, delay, lost luggage, rental car collision, travel accident), purchase protection, $300 annual travel credit, Global Entry/TSA PreCheck credit, lounge access, cell phone protection, extended warranty. |
| Rewards Program | None | Earns Capital One miles, 2x miles on all purchases, 5x miles on flights and vacation rentals booked through Capital One Travel, 10x miles on hotels and rental cars booked through Capital One Travel, 5x miles on Capital One Entertainment purchases through 12/31/25. |
| Credit Score Requirements | Not applicable | Excellent credit is typically required (740+ recommended). |
| Foreign Transaction Fees | None (currency conversion fees apply) | None |
| ATM Access and Fees Internationally | Two free ATM withdrawals per month (up to $100 total), fees apply after limit. | Fees apply internationally ($5 or 5% of the amount). |
| Mobile App Features | Transfer scheduling, virtual card, spending statistics, freeze/unfreeze card, instant transaction notifications. | Account management features. |
| Customer Support | FAQ, live chat, and phone support available, but not 24/7. Some users report difficulties reaching them. | Not available |
| Security Features | Regulated, two-factor authentication, fraud detection teams, data encryption. | Fraud alerts, instant purchase notifications, virtual card numbers. |