Capital One Venture X Business Review: Exceptional Earning Opportunities with a Manageable Annual Fee

Overview of Capital One Venture X Business

The Capital One Venture X Business serves as the business equivalent of the popular Capital One Venture X Rewards Credit Card. Much like its personal version, the Venture X Business provides luxurious benefits for a modest annual fee and a straightforward earning rate of at least 2 miles per dollar spent. It's an excellent choice for small business owners who appreciate simplicity. Card rating*: ⭐⭐⭐⭐½

* Card rating reflects the views of TPG's editorial team and is not swayed by the card issuer.

Since its introduction in 2021, the Capital One Venture X Rewards Card has established itself as a prominent option in the premium card market, featuring luxurious perks such as airport lounge access and a valuable travel credit, all for a relatively affordable annual fee.

Since 2023, the Capital One Venture X Business has been available to the public. It features the same $395 annual fee and many beloved benefits found in the Venture X, including ample airport lounge access, an annual credit, and the ability to add employee cards at no extra cost.

The primary distinction between the personal and business versions lies in the welcome offer. The Venture X Business presents a compelling welcome bonus, albeit with a notable spending requirement to qualify.

This card necessitates an excellent credit score, which is why TPG suggests aiming for a score of 740 or higher.

Here’s what you should know if you’re thinking about applying for the Capital One Venture X Business card.

Welcome Offer for Capital One Venture X Business

The Capital One Venture X Business provides an impressive bonus for those who can fulfill its spending criteria. New applicants can earn 150,000 bonus miles after spending $30,000 within the first three months of opening their account.

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You can redeem Capital One miles as a statement credit to offset travel expenses at a consistent rate of 1 cent per mile. If you choose this option, the entire 150,000-mile bonus amounts to $1,500.

However, if you opt to transfer your miles to Capital One's esteemed hotel and airline partners, you could achieve a greater value of $2,775 from this bonus, according to TPG's August 2024 valuations.

Benefits of the Capital One Venture X Business

The Venture X Business offers many of the same advantages that have made its personal version so beloved. As a cardholder, you'll enjoy:

• An annual $300 credit for travel bookings made through Capital One Travel
• 10,000 bonus miles each year on your cardmember anniversary, valued at $185 based on TPG's August 2024 valuations
• Unlimited access to Capital One Lounges (currently located in Dallas Fort Worth International Airport, Dulles International Airport, and Denver International Airport) along with Priority Pass and Plaza Premium lounges for you and up to two guests

• Access to Capital One's Premier Collection and Lifestyle Collection hotels
• An up-to-$120 statement credit for Global Entry or TSA PreCheck
• Employee cards at no extra cost
• No foreign transaction fees

By fully utilizing these benefits, you can easily justify the $395 annual fee of the card. Frequent travelers in the Dallas Fort Worth, Dulles, or Denver airports will value the card's unlimited access to Capital One Lounges, especially since a single entry usually costs $65.

Earning Miles with the Capital One Venture X Business

With the Venture X Business, you will earn:

• 10 miles per dollar spent on hotels and rental cars booked via Capital One Travel
• 5 miles per dollar on flights purchased through Capital One Travel
• 2 miles per dollar on all other expenses

This straightforward earning structure eliminates the need to worry about whether your purchases qualify for bonus categories. However, if a significant portion of your business spending goes toward areas like shipping and advertising, you may find that a different business credit card offers better returns.

Redeeming Miles with the Capital One Venture X Business

Your best redemption option is to transfer your miles to any of Capital One's 15-plus hotel and airline partners.

Alternatively, you can redeem your miles to book travel through Capital One Travel, receive a statement credit for travel expenses, or buy gift cards at a consistent rate of 1 cent per mile.

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Transferring Miles with the Capital One Venture X Business

Once again, your best redemption option is to transfer your miles to one of Capital One's travel partners. You can choose from over 15 hotel and airline programs, including Air Canada Aeroplan, Singapore Airlines KrisFlyer, and Choice Privileges.

TPG's senior credit cards editor Matt Moffitt prefers to transfer his miles to Air France-KLM Flying Blue for excellent business-class deals to Europe and to the British Airways Executive Club for nonstop American Airlines flights within the U.S.

Which cards rival the Capital One Venture X Business?

If you're looking for more business-related perks or if your spending doesn’t allow you to earn the welcome bonus on the Venture X Business, one of the following cards may be a better choice:

• If you want a valuable bonus with a lower spending threshold: The personal Capital One Venture X carries the same annual fee and many similar benefits to the business version but offers a smaller welcome bonus and lower spending requirement. For more details, check out our full review of the Venture X.
• If you want to maximize earnings on business expenses: The Ink Business Preferred® Credit Card earns 3 Chase Ultimate Rewards points per dollar on the first $150,000 spent on combined travel and common business categories. For more details, check out our full review of the Ink Business Preferred.
• If you prefer enhanced business benefits: The Business Platinum Card® from American Express offers over $1,500 in available business statement credits and travel perks like extensive airport lounge access and an airline fee credit. For more details, check out our full review of the Amex Business Platinum.

For more options, see our comprehensive lists of the best business credit cards and the best travel rewards credit cards.

Bottom Line

The Capital One Venture X Business is an excellent choice for small-business owners who charge a significant amount on their credit cards and prefer a straightforward earning rate on all purchases. However, if you won’t meet the spending threshold to qualify for the welcome bonus or wish to earn more on particular business expenses, you should consider a different card.

Discover more: Capital One Venture X Business