Capital One Venture X Business review: Huge earning potential for a reasonable annual fee
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Travel |
Editor's Note
Capital One Venture X Business overview
The Capital One Venture X Business is the business version of the fan-favorite Capital One Venture X Rewards Credit Card. Like its personal counterpart, the Venture X Business offers luxury perks for a reasonable annual fee and a simple earning structure of at least 2 miles per dollar on all purchases. This is a great option for small-business owners who value simplicity. Card rating*: ⭐⭐⭐⭐½
* Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
Since its debut in 2021, the Capital One Venture X Rewards Card has been a major player in the premium card space, offering luxury benefits like airport lounge access and a valuable travel credit for a relatively low annual fee.
Since 2023, the Capital One Venture X Business has been publicly available. It comes with the same $395 annual fee and many of the same benefits we've come to love in the Venture X. It includes generous airport lounge access, an annual travel credit and the option to add employee cards at no additional fee.
The major difference between the personal and business offerings, however, is the welcome offer. The Venture X Business comes in swinging with a valuable welcome offer — along with an eyebrow-raising spending requirement to earn it.
This card requires an excellent credit score, which is why TPG recommends a credit score of 740 or above.
Here's what you need to know if you're considering applying for the Capital One Venture X Business.
Capital One Venture X Business pros and cons
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Capital One Venture X Business welcome offer
The Capital One Venture X Business offers a substantial bonus to those who can meet its spending requirement. New applicants can earn 150,000 bonus miles after spending $30,000 in the first three months from account opening.
You can redeem Capital One miles for a statement credit to cover travel purchases at a flat rate of 1 cent per mile. If you choose this route, the full 150,000-mile bonus is worth $1,500.
But if you take advantage of the option to transfer your miles to Capital One's valuable hotel and airline partners, you'll get a higher value of $2,775 from this bonus, according to TPG's November 2024 valuations.
Related: How to apply for a Capital One business credit card
Capital One Venture X Business benefits
The Venture X Business has many of the same perks that have made its personal counterpart so popular. As a cardholder, you'll get:
- A $300 credit annually for travel booked through Capital One Travel
- 10,000 bonus miles each year at your cardmember anniversary, worth $185 according to TPG's November 2024 valuations
- Unlimited access to Capital One Lounges (currently open in Dallas Fort Worth International Airport, Dulles International Airport and Denver International Airport) as well as Priority Pass and Plaza Premium lounges for you and up to two guests
- Access Capital One's Premier Collection and Lifestyle Collection hotels
- An up-to-$120 statement credit for Global Entry or TSA PreCheck
- Employee cards for no additional cost
- No foreign transaction fees
If you can maximize these benefits, you'll easily justify the card's $395 annual fee. Those who spend significant time in the Dallas Fort Worth, Dulles or Denver airports will appreciate this card's unlimited access to the Capital One Lounges since a single visit typically costs $65.
Related: A complete guide to Capital One's airport lounges
Earning miles on the Capital One Venture X Business
With the Venture X Business, you'll earn:
- 10 miles per dollar on hotels and rental cars booked through Capital One Travel
- 5 miles per dollar on flights purchased through Capital One Travel
- 2 miles per dollar on all other purchases
This simple earning structure means you won't have to worry about whether your purchase falls in a bonus-earning category.
However, suppose you spend much of your business budget in categories like shipping and advertising. In that case, you might find that you'll get a better return on your spending with a different business credit card.
Related: Considerations for your small-business credit card strategy
Redeeming miles on the Capital One Venture X Business
Your most valuable redemption option is to transfer your miles to any of Capital One's 15-plus hotel and airline partners.
However, you can also redeem your miles to book travel through Capital One Travel, for a statement credit to cover travel purchases or to purchase gift cards at a flat rate of 1 cent per mile.
Related: Should you transfer Capital One miles to partners or redeem directly for travel?
Transferring miles on the Capital One Venture X Business
Again, the most valuable redemption option is to transfer your miles to one of Capital One's travel partners. You have 15-plus hotel and airline programs to choose from, including Air Canada Aeroplan, Singapore Airlines KrisFlyer and Choice Privileges.
TPG managing editor for credit cards Matt Moffitt likes to transfer his miles to Air France-KLM Flying Blue to get good deals on business-class flights to Europe and British Airways Executive Club for nonstop American Airlines flights within the U.S.
Related: The best ways to maximize Capital One miles
Which cards compete with the Capital One Venture X Business?
If you want more business-related perks or don't spend enough to earn the welcome bonus on the Venture X Business, one of these cards might be a better fit:
- If you want a valuable bonus for a lower spending requirement: The personal Capital One Venture X has the same annual fee and many of the same perks as the business version, making it a great alternative if the Venture X Business isn't a good fit. To learn more, check out our full review of the Venture X.
- If you want to earn more on business spending: The Ink Business Preferred® Credit Card earns 3 Chase Ultimate Rewards points per dollar on the first $150,000 spent on combined purchases on travel and in common business spending categories. To learn more, check out our full review of the Ink Business Preferred.
- If you want more business benefits: The Business Platinum Card® from American Express comes with great travel benefits like comprehensive airport lounge access and an up to $200 airline fee credit each calendar year. Enrollment is required for select benefits; terms apply. To learn more, check out our full review of the Amex Business Platinum.
For additional options, see our full lists of the best business credit cards and the best travel rewards credit cards.
Related: Capital One Venture X vs. Venture X Business
Bottom line
The Capital One Venture X Business is a great option for small-business owners who put a significant amount of spending on their credit cards and want the simplicity of a flat earning rate on all their purchases. However, those who won't meet the spending requirement to earn the card's welcome bonus or want to earn more on specific business purchases should opt for a different card.
Learn more: Capital One Venture X Business
Related: Is the Venture X Business worth the $395 annual fee?
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.