Capital One Venture X Business Card Review 2023

In 2022, Capital One unveiled the Venture X Business Card. Even though this card’s perks and benefits are similar to the Venture X Rewards card, its intro offer and spending requirements are mind-blowing. 

Brace yourself, because Capital One is dishing out a whopping 300,000 Capital One miles to fresh cardholders who manage to spend a jaw-dropping $500,000 within the first year.

Should you be grabbing onto these benefits or letting go? 

Let’s find out—

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Venture X Business Card: Quick Glance

Full name: Capital One Venture X Business Card

Best for: Business travel card with a simple earning rate

Issuer: Capital One

Required credit score: Excellent credit (720+)

What is the Venture X Business Card?

The Venture X Business Card is a charge card that offers tons of business and travel benefits. 

A charge card is similar to a credit card. But a big difference is that a charge card’s balance often has to be paid in full each month. 

However, it comes with an advantage—these cards don’t have a credit limit like credit cards do.

Venture X Business Card: Rating

Here’s our quick Venture X Business Card overall rating:

How Does the Venture X Business Card Work?

The Venture X Business is like the small business edition of the Venture X card—and it offers almost the same benefits and earnings. 

Sure, there’s a $395 annual fee—but the anniversary bonus and $300 travel credit more than make up for it. 

Plus, you get access to some amazing lounge perks and earn double points everywhere you go.

How does the Venture X Business Card’s rewards rate work?

The Venture X Business Card has you covered with a great rewards program. 

With this card, every dollar you spend on any purchase will earn you 2x miles. 

It gets better. If you use your Venture X card to book hotels and car rentals through Capital One Travel, you’ll earn a whopping 10x miles for every dollar you spend. 

And when you book flights through Capital One Travel, you’ll rack up 5x miles per dollar. That’s a serious mileage boost.

To top things off, there are no limits or restrictions on how many miles you can earn. 

So whether you’re buying office supplies, covering business expenses, or jetting off on an adventure, you’ll keep earning miles without any cap holding you back.

Redeeming Venture X Business Points

There are multiple ways you can redeem your Capital One miles:

• Travel statement credits.
• Upcoming award trips.
• Transferring to airline and hotel points.
• Cashback offers.
• Gift cards.
• Purchases on Amazon.com and PayPal.

These rewards points are worth one cent each when you redeem them as a statement credit for recent travel purchases or for booking a trip through Capital One Travel.

Capital One also has 15+ transfer partners, which can be useful for international flights or booking flights with partner airlines. Most loyalty programs have a 1:1 transfer ratio.

How does the Venture X Business Card’s new offer work?

Here’s the Venture X Business Card’s mind-blowing new offer—

New cardholders can earn up to 300,000 miles after being approved for the Venture X Business Card. 

This bonus has a tiered structure. You can earn 150,000 miles after spending $30,000 within the first three months of card membership.

You’ll make an additional 150,000 miles after spending $500,000 within the first year of card membership.

Is this offer worth considering?

Do these rewards add up to anything, or is this new offer a total snooze fest?

Frequentmiler’s reasonable redemption values list says the Capital One miles can be valued at  1.45 cents per point. 

Based on that assumption, here’s a table breaking down the approximate monetary values of these Capital One points:

Venture X Business Card Fees

Here are all the key fees you should consider before getting your hands on the Venture X Business Card:

Venture X Business Card: Pros and Cons

Here’s a glance at all the pros and cons of getting this credit card:

Pros

Cons

Pros—why we like it

Generous intro offer

The Venture X Business Card lets you earn 150,000 miles after spending $30,000 on purchases in the first three months of card usage. 

You can then earn an additional 150,000 miles if you spend $500,000 within the first year.

The spending limits are high—but so are the rewards.

High rewards rate

Thanks to the Capital One Venture X Business Card small businesses can score big rewards. 

When you use Capital One Travel to book reservations, you’ll rack up 10 miles per $1 on hotels and rental cars, 5 miles per $1 on flights, and 2 miles per $1 on other eligible purchases. 

While it doesn’t have as many category bonuses, its base rate is double what most rewards credit cards offer for everyday spending.

Tons of business perks

Here are some notable business benefits you can bag with this card:

• Free additional employee cards.
• Customized spending limits for employees.
• Virtual card numbers.
• Purchase records (compatible with Quicken, QuickBooks, and Excel).
• Choose your monthly due date.
• Schedule automatic payments.
• Add account managers.
• Schedule vendor payments online at a 2.9% fee when a merchant won’t accept credit card payments.

Cool travel perks

The Venture X Business Card boasts some of the best travel perks out there:

• You can get reimbursed for the first $300 you spend on Capital One Travel purchases each year with the Capital One annual travel credit.
• On your first card anniversary, receive a bonus of 10,000 Capital One miles (worth up to $100 in travel through Capital One Travel). You can also transfer these miles to other travel partners.
• Enjoy complimentary membership in the Priority Pass and Capital One Lounge networks. You can bring two extra guests for free, but additional guests may require an extra fee.
• Receive up to $100 in credits every four years for Global Entry or TSA PreCheck application fees. If you already have these credentials, you can even use the credit to reimburse the fee for another employee.
• As a personal or business Venture X cardholder, gain exclusive access to the Capital One Premier Collection, a collection of luxury hotels and resorts worldwide. Enjoy special privileges and experience credits during your stay.

No set credit limit

Since this is a business charge card, there’s no fixed spending limit to hold you back. That means you’ll have the freedom to make big purchases. 

But remember to pay off your balance completely each month to avoid a 2.99% late fee.

Cons—what to consider

High annual fee

The card comes with a hefty $395 annual fee, so it’s important to consider whether the perks and benefits justify the cost. 

Late fee

The Venture X Business Card operates as a charge card, which means you’re required to pay off the entire balance each month to avoid incurring late fees. 

This may not be ideal if you’re used to traditional credit cards that let you carry a balance over time.

Not available to the public

This card is currently only available through Capital One’s relationship managers. Getting one without an existing relationship with the card issuer may be tricky.

Alternatives to the Venture X Business Card

Here’s how the Venture X Business Card compares to similar credit cards:

Venture X Business Card: Useful Links

Venture X Business Card Reviews

Check out these customer reviews to get a better insight into the Venture X Business Card:

“While you have to pay a $395 annual fee, the anniversary bonus and $300 travel credit more than offsets it, and you also get access to the excellent lounge benefits and 2x everywhere earning.”

“It’s definitely not a business card for everyone. You would have to have a business where you put big spending monthly for your business. The welcome offer is clutch, but $50k spend, sheesh.”

Is the Venture X Business Card Good for Me?

If you’re looking for a top-notch business travel card with a straightforward earning rate for different types of business purchases, then the Capital One Venture X Business Card is the one for you. 

With this card, you can earn 10x miles on hotels and car rentals booked through Capital One’s travel portal, 5x miles on flights booked through the same portal, and 2x miles on all other purchases.

For frequent travelers, the perks are hard to beat. You’ll enjoy unlimited airport lounge access to Priority Pass and Capital One Lounges (which even includes free access for up to two guests).

Plus, there are no foreign transaction fees, an annual travel credit of up to $300, and 10,000 anniversary miles.

Yes, there’s the $395 annual fee. But the benefits and rewards more than make up for it, especially if you’re a frequent traveler or have significant business expenses.

Either way, getting a business credit card is a wise move.

Anyone with a business should get a business credit card if their credit score lets them. Having a separate card can make a tremendous difference in tracking business expenses, which leads to cleaner accounting and more tax benefits. Plus, many business cards include offers and discounts relevant to a business that aren’t available on personal cards. 

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