Capital One Venture X Business vs. The Business Platinum Card<sup>®</sup> from American Express Capital One Venture X Business vs. The Business Platinum Card<sup>®</sup> from American Express

Capital One Venture X Business vs. The Business Platinum Card® from American Express

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If you've got a lot of monthly spending for your business, it makes sense to get a card that'll maximize your rewards. However, there is a whole host of cards out there — from those that charge no annual fee to those that'll give you big benefits in return for your loyalty. Among the most premium small-business cards are the Capital One Venture X Business and The Business Platinum Card® from American Express. Both have a lot to offer their customers and provide flexible spending, so let's break down their benefits, earnings, and value to see which one better suits your needs

Venture X Business vs. Business Platinum Card Welcome Offer

Capital One Venture X Business
Capital One Venture X Business
Welcome Bonus Earn 150,000 Miles once you spend $30,000 in the first 3 months, and an additional 200,000 miles once you spend $200,000 in the first 6 months.
Annual Fee$395
Credit ScoreExcellent
  • 10X miles per $1 on hotels and rental cars booked via Capital One Travel
  • 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
  • 5X miles per $1 on flights booked via Capital One Travel
  • 5X miles per $1 on vacation rentals booked via Capital One Travel
  • 2X miles per $1 on other eligible purchases
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express
Welcome Offer Limited Time Travel Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Business Platinum Card® within the first 3 months of Card Membership. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel® with your Business Platinum Card® within the first 3 months of Card Membership. You can earn one or both of these offers. Offer ends 6/30/25.
Annual Fee$695Rates & Fees
(Terms apply)
Credit ScoreExcellent, Good
  • Earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Earn 1.5X Membership Rewards® points on each eligible purchase of $5,000 or more.
  • Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. construction material and hardware suppliers.
  • Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. electronic goods retailers and software & cloud system providers.
  • Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. shipping providers.
  • 1.5X earning rates are subject to a cap of $2 million in purchases per calendar year.

Both of these cards offer a substantial welcome bonus, though you'll need to meet huge minimum spending requirements to qualify. Here are their current offerings:

  • Venture X Business:  Earn 150,000 Miles once you spend $30,000 in the first 3 months, and an additional 200,000 miles once you spend $200,000 in the first 6 months.
  • Business Platinum Card: Limited Time Travel Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Business Platinum Card® within the first 3 months of Card Membership. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel® with your Business Platinum Card® within the first 3 months of Card Membership. You can earn one or both of these offers. Offer ends 6/30/25.

Provided your business is turning over enough in expenses each month to cover the minimum spending requirement, the Venture X Business has a better offer than the Business Platinum Card if you are able to unlock the full bonus.

Winner: Venture X Business

Related: Understanding Rewards Credit Card Application Rules and Restrictions

The Business Platinum Card® from American Express
The Business Platinum Card® from American Express
Apply Now
Rates & Fees
(Terms apply)
The Business Platinum Card® from American Express
Annual Fee$695
Welcome Offer Limited Time Travel Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Business Platinum Card® within the first 3 months of Card Membership. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel® with your Business Platinum Card® within the first 3 months of Card Membership. You can earn one or both of these offers. Offer ends 6/30/25.
The Business Platinum Card® from American Express is a powerhouse for business travelers, offering cardholders up to $400 in yearly Dell Technologies credits, $360 with Indeed, $150 for Adobe business plans, and $120 for U.S. wireless services. The card includes extensive lounge access, a $200 airline fee credit each year, up to $199 CLEAR® Plus credit, Marriott Bonvoy™ and Hilton Honors Gold Statuses, exclusive Fine Hotels + Resorts benefits, and a TSA PreCheck® or Global Entry fee credit. Enrollment required for select American Express benefits.
  • Limited Time Travel Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Business Platinum Card® within the first 3 months of Card Membership. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your Business Platinum Card® within the first 3 months of Card Membership. You can earn one or both of these offers. Offer ends 6/30/25.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 10/2024.
  • Unlock over $1,000 in statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required.
  • Fly like a pro with a $200 Airline Fee Credit. Select one qualifying airline to receive up to $200 back per year on baggage fees and other incidentals.
  • NEW! Make the Business Platinum Card® work even harder for you. Hilton For Business members get up to $200 back per calendar year when you make an eligible purchase at Hilton properties across the globe. Benefit enrollment required.
  • Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com. 1X points on other eligible purchases.
  • Earn 1.5X points (that's an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
  • $199 CLEAR® Plus Credit: Use your card and get up to $199 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use the Business Platinum Card®.
  • $695 Annual Fee.
  • Terms Apply.
  • Rates & Fees
  • Earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Earn 1.5X Membership Rewards® points on each eligible purchase of $5,000 or more.
  • Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. construction material and hardware suppliers.
  • Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. electronic goods retailers and software & cloud system providers.
  • Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. shipping providers.
  • 1.5X earning rates are subject to a cap of $2 million in purchases per calendar year.

Venture X Business vs. Business Platinum Card Annual Fee

These are premium cards, which means you'll be shelling out hundreds of dollars per year to remain a cardholder. However, the annual fee for the Venture X Business is just $395 compared to the Business Platinum Card‘s $695 (Rates & Fees).

Winner: Venture X Business

Capital One Venture X Business
Capital One Venture X Business
Annual Fee$395
Welcome Bonus Earn 150,000 Miles once you spend $30,000 in the first 3 months, and an additional 200,000 miles once you spend $200,000 in the first 6 months.
The Capital One Venture X Business is a premium business card earning 2X miles on every purchase, with enhanced earning rates of 5X on flights and 10X on hotels and rental cars booked through Capital One Travel. One of the standout features is the $300 annual travel credit for bookings made via Capital One Travel, accompanied by an annual bonus of 10,000 miles from the first anniversary. Additional benefits include a credit of up to $120 for Global Entry or TSA PreCheck®, access to over 1,300 lounges worldwide, and the ability to transfer miles to over 15 travel loyalty programs.
  • 10X miles per $1 on hotels and rental cars booked via Capital One Travel
  • 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
  • 5X miles per $1 on flights booked via Capital One Travel
  • 5X miles per $1 on vacation rentals booked via Capital One Travel
  • 2X miles per $1 on other eligible purchases

When To Use Venture X Business vs. Business Platinum Card

These cards have different bonus categories in which you'll earn elevated rewards, so it's entirely possible to hold both at the same time and maximize your value. However, the Business Platinum Card operates with more complicated categories compared to the Venture X Business.

  • Venture X Business: Earn 10X miles on hotels and rental cars booked through Capital One Travel, 5X miles on flights and vacation rentals booked through Capital One Travel, and 2X miles on all other purchases.
  • Business Platinum Card: Earn 5X Membership Rewards Points® on Flights, and Prepaid Hotels Booked through AmexTravel.com. 1X points on other eligible purchases. Earn 1.5X points (that's an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.

The Venture X Business matches or beats the Business Platinum Card on travel bookings and wins with 2 Miles per dollar on every purchase, no matter what you're buying.

Winner: Venture X Business

Other Venture X Business Benefits vs. Business Platinum Card

Employee cards

When it comes to employee cards, the Business Platinum Card and the Venture X Business really diverge. While both have the option to provide no-annual-fee employee cards (which don't provide any benefits but do allow you to earn points on your employees' spending), only Amex has an option for a paid version.

It's not cheap, however. Adding an Employee Business Platinum Card will run you $350 per card (Rates & Fees), though this card does come with certain benefits:

  • Hotel elite status
  • Rental car elite status
  • Airport lounge access

The added flexibility for cards makes Amex the winner here, even if the cost for an employee card with benefits is steep.

Enrollment is required for select Amex benefits.

Winner: Business Platinum Card

a person at a small business packs a box to prepare for shipping
Credit: Bench Accounting/Unsplash

Annual, monthly, or other credits

Both cards come with additional benefits to help reduce the sting of those annual fees.

Venture X Business

You'll get two items yearly, plus another every four years:

Business Platinum Card

Amex is becoming well-known for the variety of credits available on its cards, and the Business Platinum Card is no exception. Each year you'll get:

  • $400 at Dell ($200 every six months)
  • $360 at Indeed ($90 per quarter)
  • $150 at Adobe Creative Solutions
  • $200 airline incidental fee credit
  • $199 CLEAR Plus credit
  • $120 wireless credit ($10 monthly)

You'll also get a statement credit of $120 every 4 years for Global Entry or $85 every 4.5 years for TSA PreCheck to cover your application fee.

Enrollment is required for select Amex benefits.

As you can see, if you can maximize the credits you'll receive with the Business Platinum Card, you'll far surpass the card's annual fee. However, the monthly, quarterly, and semi-annual restrictions make these credits difficult to use. The Venture X Business card's travel credit is a bit limited, but it's far more flexible. Plus, its rewards can be transferred to any of Capital One's 19 hotel and airline partners.

Winner: Venture X Business

Capital One vs. Amex transfer partners

Both Capital One and American Express have a robust selection of transfer partners, including many that overlap.

Capital One

From
To
Transfer Ratio
Min.Transfer
Average Time
Accor Group (ALL - Accor Live Limitless)
100:50
1,000
1 hour
Aeromexico (Rewards)
100:100
1,000
Immediate
Air Canada (Aeroplan)
100:100
1,000
Immediate
100:100
1,000
Immediate
100:100
1,000
Immediate
100:100
1,000
Immediate
Cathay Pacific (Cathay)
100:100
1,000
2 days
Choice Hotels (Choice Privileges)
1,000
Unknown
Emirates (Skywards & Business Rewards)
100:100
1,000
Immediate
Etihad Airways (Etihad Guest)
100:100
1,000
Immediate
EVA Air (Infinity MileageLands)
100:75
1,000
1 day
Finnair Plus
100:100
1,000
Immediate
JetBlue Airways (TrueBlue)
1,000
2 hours
Qantas (Frequent Flyer)
100:100
1,000
1 day
Singapore Airlines (KrisFlyer)
100:100
1,000
18 hours
TAP Portugal (Miles&Go)
100:100
1,000
Unknown
Turkish Airlines (Miles&Smiles)
100:100
1,000
Immediate
Virgin Red
100:100
1,000
Immediate
Wyndham Rewards
100:100
1,000
13 hours

American Express

From
To
Transfer Ratio
Min.Transfer
Average Time
Aer Lingus (AerClub)
-
Immediate
Aeromexico (Rewards)
1,000:1,600
-
Immediate
Air Canada (Aeroplan)
1,000:1,000
-
Immediate
Air Canada (Aeroplan)
1,000:1,000
-
Unknown
1,000:1,000
-
Immediate
250:250
500
Unknown
All Nippon Airways (ANA Mileage Club)
1,000:1,000
-
1 day
1,000:1,000
-
Immediate
1,000:1,000
-
8 hours
500:500
1,000
Immediate
Cathay Pacific (Cathay)
1,000:1,000
-
6 hours
Cathay Pacific (Cathay)
1,000:1,000
-
Unknown
Cathay Pacific (Cathay)
1,000:750
-
Unknown
Choice Hotels (Choice Privileges)
1,000:1,000
-
Immediate
Delta
500:500
1,000
Unknown
Delta
1,000:750
-
Unknown
Delta Air Lines (SkyMiles)
1,000:1,000
-
Immediate
Emirates (Skywards & Business Rewards)
-
Immediate
Emirates (Skywards & Business Rewards)
500:375
Transfers will be unavailable from May 28 to June 18, 2025
1,000
Unknown
Etihad Airways (Etihad Guest)
1,000:1,000
-
Immediate
Etihad Airways (Etihad Guest)
500:500
1,000
Unknown
Etihad Airways (Etihad Guest)
1,000:750
-
Unknown
Eurostar (Club Eurostar)
1,500:100
-
Unknown
Hawaiian Airlines (HawaiianMiles)
1,000:1,000
-
Immediate
Hilton (Honors)
-
Immediate
Hilton (Honors)
50:100
200
Unknown
Hilton (Honors)
1,000:1,000
-
Unknown
Iberia Plus
-
1 day
Iberia Plus
500:500
1,000
Unknown
JetBlue Airways (TrueBlue)
250:200
-
Immediate
1,000:1,000
-
Immediate
250:250
500
Unknown
1,000:1,000
-
51 minutes
400:600
-
1 hour
5:6
1,000
Unknown
Nectar
1:1
-
Unknown
Qantas (Frequent Flyer)
500:500
-
Immediate
Qantas (Frequent Flyer)
100:100
500
Unknown
Qatar Airways (Privilege Club)
1,000:1,000
-
15 hours
Qatar Airways (Privilege Club)
500:500
-
Unknown
Radisson Hotels (Radisson Rewards)
3:9
-
Unknown
SAS (EuroBonus)
500:500
1,000
17 hours
Singapore Airlines (KrisFlyer)
1,000:1,000
-
21 hours
Singapore Airlines (KrisFlyer)
Removed as a partner 3 January 2025
-
Unknown
Virgin Atlantic (Flying Club)
1,000:1,000
-
Immediate
Virgin Atlantic (Flying Club)
500:500
1,000
Unknown

It's mostly preference when it comes to which set of transfer partners you'll choose since both will give you a wide variety of options. However, Amex has 21 transfer partners while Capital One has just 19.

Winner: Business Platinum Card

Related: What Are the Best Flexible Rewards Points for Free Travel?

Travel insurance protections and other benefits

Because both of these cards are oriented toward travelers, they offer protections for when things go awry. The Business Platinum Card has a clearly defined suite of benefits:

  • Rental car damage and loss protection: This is secondary coverage, which means it'll cover you for damages after your personal insurance or other coverage kicks in, though you can use this policy to reimburse deductible costs on your primary policy. Coverage is up to $75,000.
  • Trip cancellation/interruption insurance: You'll be reimbursed for nonrefundable travel expenses incurred by covered reasons such as jury duty, illness, or injury. Coverage is up to $10,000 per trip and up to $20,000 per eligible card in a 12-month period.
  • Trip delay insurance: Reimbursement for expenses during a delay of at least six hours, though coverage is limited to $500 per trip and two claims per 12-month period.
  • Baggage insurance plan: Your luggage is covered against loss or damage up to $2,000 per checked bag and $3,000 per carry-on bag per person, per trip. This is excess coverage in addition to what your travel carrier provides.
  • Extended warranty protection: Receive an additional year of warranty protection on items you've purchased with your card (warranty must be five years or less). Coverage is up to $10,000 per incident and up to $50,000 annually — or up to the amount spent on your card to pay for the item.
  • Return protection: Coverage up to the full purchase price for an item that the seller won't accept for a return, minus shipping and handling charges. Maximums are $300 per item and $1,000 annually.
  • Purchase protection: Coverage against loss, damage, or theft of items bought with your card for 90 days from the date of purchase.
  • Cell phone protection: Be reimbursed for up to $800 if your phone is stolen or damaged, subject to a $50 deductible and a maximum of two claims in a 12-month period.

The Venture X Business also offers travel insurance benefits, cell phone protection, and an extended warranty. However, Capital One issues both Mastercards and Visas (and even issues several types of Visa cards), which means that the benefits you'll receive can vary. You also won't know what card you're getting ahead of time, which can make it difficult to understand what your benefits will be.

Winner: Business Platinum Card

Hotel elite status

While the Venture X Business is a premium travel card, it lacks some of the more premium offerings that the Business Platinum Card provides. This can be seen with the elite statuses the Amex card provides:

Enrollment is required for select Amex benefits.

The statuses conferred by the Business Platinum Card provide benefits like complimentary breakfast, room upgrades, rental car upgrades, and more. The Venture X Business doesn't offer any elite statuses.

Winner: Business Platinum Card

Airport lounge access

Both of these cards offer airport lounge access when traveling, which can be an extremely useful benefit. The Business Platinum Card and the Venture X Business both offer Priority Pass Select memberships, providing access to more than 1,300 lounges worldwide.

However, the membership provided by the Venture X Business also includes credits for Priority Pass spas and restaurants, which Amex does not offer. This can be a great feature when lounges aren't available.

That being said, those who have the Business Platinum Card can enjoy the Global Lounge Collection. This includes Amex's own Centurion Lounges, certain Lufthansa lounges, Delta Sky Clubs, and more. Note that recent Delta changes included reduced access to Sky Clubs. Effective February 1, 2025, cardholders only get 10 visits per year with your card — unless you spend $75,000 or more on your card annually to gain unlimited visits.

In contrast, the Venture X Business grants unlimited entry to Plaza Premium Lounges and Capital One Lounges — though there are just three lounges open at present.

Winner: Business Platinum Card

Combining rewards

Many card issuers are strict with how and when you'll use your rewards. Capital One is not. The miles that you earn with your Capital One card can be shared with absolutely anyone for free.

American Express is not as forgiving. You're not able to combine Amex points between accounts. However, if you have authorized users on your account, you're able to transfer your points to their reward accounts (like Hilton Honors or British Airways Executive Club). They are then able to redeem those points how they'd like. Note that you must have someone listed as an authorized user/business employee card for at least 90 days before you can transfer points to their loyalty program accounts.

Winner: Venture X Business

Capital One Travel Portal vs. Amex Travel Portal

Both Capital One and American Express offer travel portals to their cardholders. While much of their functionality is the same, Amex offers a broader array of booking options.

Amex travel portal
Credit: American Express

With the Amex Travel portal, you can book flights, hotels, rental cars, and cruises. Capital One Travel allows you to book hotels, flights, and rental cars but not cruises.

It's really a toss-up here as to which is better. Amex offers the Fine Hotels + Resorts program, which gives luxury perks on high-end hotels around the world. Capital One's Premier Collection is similar, though much newer and limited in scope.

Those who have the Business Platinum Card also can take advantage of the International Airline Program, which can give you specially discounted rates on first, business, or premium economy airline tickets.

Beyond this, cardholders can redeem their points for flights on Amex Travel and receive up to 35% of them back (for first- or business-class flights on any airline or economy flights on their selected airline). This can offer great value when award redemptions aren't otherwise available. And you can get up to 1 million points back annually. Enrollment is required for select Amex benefits.

However, Capital One allows you to earn more miles and redeem them (for the most part) at a greater value than when using its travel portal. It also offers a price-drop guarantee on eligible flights that you book.

Winner: It depends. Each portal has its own strengths and weaknesses.

Related: Why You Should Never Redeem Capital One Miles Through Capital One Travel

Capital One Miles vs. Amex Membership Rewards Points — Comparing Value

Both Capital One miles and American Express Membership Rewards are highly valuable, but recent AwardWallet user redemptions show that Capital One miles are easier to redeem for increased value with transfer partners.

RedemptionValue per Capital One MileValue per American Express Membership Rewards Point
Cash0.6¢
Travel portal0.7¢ to 1.54¢
Gift cardVaries
Transfer to partners2.01¢1.96¢

As you can see, Capital One gives you a better value in nearly all circumstances. The only exception is redeeming your Amex points with a 35% rebate for flights. In this case, your Amex points are being redeemed for 1.54 cents each compared to Capital One's 1 cent per mile through its portal.

Winner: Venture X Business

Which Is Better: Venture X Business or Business Platinum Card?

It's honestly difficult to decide whether the Venture X Business or the Business Platinum Card is better. Both cards have no preset spending limit, providing flexible access to funds for your business, and have numerous built-in perks. No Preset Spending Limit means your spending limit is flexible. Unlike a traditional card with a set limit, the amount you can spend adapts based on factors such as your purchase, payment, and credit history.

For a lot of people, that ranking will depend on how they use the card. If they can take advantage of the many credits offered by the Business Platinum Card, they'll come away with more value each year than the Venture X Business can offer.

However, the Venture X Business card is a much more user-friendly option, with its easy-to-use travel credits and ability to earn 2X miles on all purchases. Plus, its miles are more valuable. Although the Business Platinum Card won more categories in these comparisons, for most people, the simplicity and extra redemption values may make the Venture X Business the better card.

For rates and fees of the cards mentioned in this post, please visit the following links: The Business Platinum Card® from American Express (Rates & Fees)

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