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After originally launching in 2021, the Capital One Venture X Business is finally available to the public. And it's opened the doors with a massive welcome offer. In many ways, this is the small business version of the Capital One Venture X Rewards Credit Card. However, there are some key differences between the two cards that you should understand.
Let's take a look at the key features of the Venture X Business, starting with the enormous welcome offer of 150,000 miles — an offer that's finally available to the general public.
- 10X miles per $1 on hotels and rental cars booked via Capital One Travel
- 5X miles per $1 on flights booked via Capital One Travel
- 2X miles per $1 on other eligible purchases
Earn 150,000 Miles Bonus Miles With the Venture X Business
The card comes with a massive welcome bonus of 150,000 miles once you spend $30,000 in the first 3 months from account opening.
The welcome bonus is an excellent offer if you can manage the minimum spend and can be leveraged for thousands of dollars worth of value. Adopting a similar redemption strategy as you would with the Capital One Venture X, the welcome bonus is more valuable than the card's $395 annual fee for several years.
For context, AwardWallet users who transfer these miles to Capital One airline and hotel partners get an average value of 2.66¢ apiece. That would make 150,000 miles worth nearly $4,000.
Venture X Business Highlights
The new card is packed with features and offers a strong set of benefits as well as excellent earning rates, particularly on hotels and car rentals. Key features of the card include:
- Earn 10x miles on hotels and car rentals booked through Capital One Travel.
- Earn 5x miles on flights booked through Capital One Travel.
- Earn 2x miles on other eligible purchases.
- No preset spending limit.
- Receive a $300 annual travel credit for booking made through Capital One Travel.
- Receive 10,000 bonus miles on each cardmember anniversary.
- Complimentary access to Capital One Lounges and Plaza Premium Lounges.
- Complimentary airport lounge access with a Priority Pass Select membership.
- Access to restaurants, spas, and nap rooms participating in Priority Pass.
- Receive up to a $100 credit towards TSA PreCheck or Global Entry membership application fee every four years.
- Access to Capital One's Premier Collection and Lifestyle Collection hotel programs.
- $395 annual fee.
- Complimentary employee cards.
- Complimentary virtual card numbers.
- No foreign transaction fees.
- Ability to pay merchants who don't accept credit cards using bill pay through your online account (though there is a 2.9% fee).
It's interesting that the Venture X Business has access to non-lounge aspects of Priority Pass after this benefit was removed from the Capital One Venture X on January 1, 2023. Other differences between the two cards include the bill pay and lack of preset spending limit offered on the business card. In other ways, the cards are very similar.
Venture X Business travel protections
Your trips and purchases can be covered through built-in protections like these:
- Primary rental car insurance.
- Lost luggage reimbursement.
- Cell phone protection of up to $800 per claim (with a $50 deductible, maximum of $1,000 and two claims per 12 months).
Using Capital One Miles
What can you do with the miles earned on the Venture X Business? Plenty. Capital One has 18 airline and hotel transfer partners, including programs like Air Canada Aeroplan, British Airways Executive Club, Choice Privileges, Wyndham Rewards, and Turkish Airlines Miles & Smiles that provides one-way award flights from anywhere in the U.S. to Hawaii for just 7,500 miles per person in economy.
It's also possible to redeem your miles as a statement credit against recent travel purchases. You'll get a value of 1 cent per mile here.
You also can redeem your miles toward travel reservations in the Capital One Travel portal. They're worth 1¢ apiece here also. However, we don't recommend doing this. Given the bonus earnings available if you pay with your credit card in the portal, you'll do better paying for the booking, earning 10x or 5x bonus miles, and then redeeming your miles as a statement credit afterward.
There are other, less valuable redemptions that we don't advise. These include using your miles to pay for purchases via PayPal or Amazon, redeeming for gift cards, or cashing them out. You'll get 0.8 cents per mile in value with most of these, except an abysmal 0.5 cents each cashing out your miles.
And since miles don't expire as long as your account is open, you can focus on earning and redeeming them at pleasure without worrying about losing any miles along the way.
Who's Eligible for the Venture X Business Sign-Up Bonus?
As will all credit card issuers, Capital One has a few rules you'll need to follow.
First, you can only be approved for one Capital One card every six months. Second, the issuer is known to be sensitive to the number of new accounts and credit inquiries it sees on your credit report. High numbers here could lead to a denial, even if you have a good credit score.
Lastly, you'll see these terms on the application page:
“Existing or previous cardmembers are not eligible for this product if they have received a new cardmember bonus for this product in the past 48 months.”
For most Venture X Business applicants, this shouldn't be an issue. However, it's worth noting that you can't earn the bonus more than once per 48-month period.
Related: Understanding Rewards Credit Card Application Rules and Restrictions
And while many Capital One credit cards report to your personal credit report, a spokesperson for Capital One confirmed that this card will not report to your personal credit report so long as your account is in good standing.
Our Take
If you are a small business owner and have the spending capacity, the welcome offer on the Venture X Business could provide thousands of dollars in value. Admittedly, this may be out of reach for a fair number of businesses.
That said, the card offers numerous ongoing perks that more than justify its annual fee. These include insurance protections, a great return on everyday spending, lounge access, bonus miles, and an annual travel credit. And if the spending threshold is attainable for your business, you'll have thousands of dollars in added value, thanks to the miles available in this huge welcome bonus.
- 10X miles per $1 on hotels and rental cars booked via Capital One Travel
- 5X miles per $1 on flights booked via Capital One Travel
- 2X miles per $1 on other eligible purchases
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
FYI: I got instant approval on this card even though I enrolled in Venture card 3 months ago and also have the Venture X.
Just a data point.
Does employee cards get lounge access and priority passes like authorized users on the personal Venture X?
Hi Koob, I just confirmed with Capital One. Only the primary cardholder can visit Capital One lounges, partner lounges, or enroll in Priority Pass.
Does this article mention this is a charge card?
You must pay your full balance every month.
Hi Koob, yes, we mentioned it has no preset spending limit, and that is linked to the article explaining the difference between a charge and credit card.