Link: Apply now for the Capital One Venture X Business (Rates & Fees)
While I’ve written a detailed review of the Capital One Venture X Business, in this post I wanted to share 10 reasons that this business card should be in your wallet. While the $395 annual fee (Rates & Fees) might sound high at first, the perks and return on spending more than justify it, in my opinion.
With that out of the way, here are some reasons you should consider applying for this card, in no particular order…
In this post:
Welcome bonus of 150,000 Capital One miles
The Capital One Venture X Business is offering a welcome bonus, which can earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening.
Personally I value Capital One miles at 1.7 cents each, so to me, 150,000 Capital One miles are worth $2,550, which is huge. Admittedly the spending requirement is big, but so is the bonus.
Note that eligibility for this card is unrelated to any other Capital One card, with the exception of the Capital One Spark Cash Plus (review) (Rates & Fees). Read my guide to getting approved for the Venture X Business.
Card doesn’t report to personal credit
Assuming your account remains in good standing, the Capital One Venture X Business shouldn’t report to your personal credit. For example, if you’re trying to stay under Chase’s 5/24 limit, then applying for this business card wouldn’t count toward that.
2x Capital One miles on everyday spending
The Capital One Venture X Business offers unlimited 2x miles on all purchases, making this one of the best cards for everyday spending. I value Capital One miles at 1.7 cents each, so to me that’s the equivalent of a 3.4% return on everyday spending.
In addition to earning 2x miles on all purchases, the card also offers some bonuses when booking through Capital One Travel, which is Capital One’s travel portal (as you may have guessed based on the name):
- Earn 10x miles for rental cars and hotels
- Earn 5x miles for flights
Best of all, the card has no foreign transaction fees for all purchases (Rates & Fees).
No preset spending limit
The Capital One Venture X Business has no preset spending limit, meaning that the card adapts to your needs based on your spending behavior, payment history, credit profile, and other factors.
Many small businesses feel constrained by the traditional credit limits you’ll find on cards, which make it tough to pay for large purchases by card. This is much less of an issue on cards without a preset spending limit.
A flexible & valuable mileage currency
Capital One miles offer great flexibility. For one, you can redeem Capital One miles for one cent each toward virtually any travel purchase by “covering travel purchases” through the rewards dashboard on your card. This is awesome, because it allows you to book travel however you want, and then apply miles as statement credits after the fact.
Since the Capital One Venture X Business offers a minimum of 2x miles per dollar spent, that means you’re earning at least two cents back on the dollar. You can use this toward the cost of a flight, a rental car, or a stay at a hotel, without having to worry about blackout dates, limited availability, etc.
However, there’s a way to get even more value, if you’re willing to put in the work. My preference is to transfer miles to Capital One’s airline & hotel partners, as you can transfer miles at a 1:1 ratio to over a dozen programs. As is the case with all major transferable points currencies, this allows you to get way outsized value, especially when redeeming for first & business class travel.
$300 annual Capital One Travel credit
The Capital One Venture X Business offers a $300 credit for Capital One Travel every cardmember year (including the first year), which can be used for flights, hotels, rental cars, etc. Personally my strategy is to just book a $300+ flight through the portal every year, and that’s an easy way to recoup the full value of that.
As mentioned above, the card has a $395 annual fee (Rates & Fees), but that $300 credit alone should easily offset more than 75% of that fee, which is awesome. So while the card’s annual fee might seem high on the surface, it shouldn’t really be costing anyone all that much to hold onto.
10,000 Capital One bonus miles on anniversary
Not only does the Capital One Venture X Business offer a $300 credit every cardmember year, but it also offers 10,000 miles on your account anniversary every year (starting on your first anniversary).
Personally I value those 10,000 miles at ~$170. Even if you valued the 10,000 miles at $100, I’d say that between the $300 Capital One Travel credit and $100 worth of travel with Capital One miles, that more than covers your annual fee right there (Rates & Fees). That makes this one of the cheapest premium cards to hold onto.
Comprehensive Priority Pass membership
The Capital One Venture X Business offers a Priority Pass membership for the primary card member. This can be used to access the world’s largest network of airport lounges, with 1,300+ locations around the world. You can bring up to two guests with you into lounges at no extra cost.
Capital One Lounge access
The Capital One Venture X Business offers access to Capital One Lounges for the primary card member. Currently there are locations in Dallas Fort Worth (DFW), Washington Dulles (IAD), and Denver (DEN).
Capital One Lounges are fantastic, with cold brew on tap, grab and go food, and more amenities. I rank these among the best lounges in the United States. If you frequently travel through an airport with a Capital One Lounge, I’d consider this to be a valuable perk.
Global Entry or TSA PreCheck credit
The Capital One Venture X Business offers a TSA PreCheck or Global Entry credit once every four years. Just charge the enrollment fee to your card, and it will automatically be reimbursed. Even if you already have Global Entry or TSA PreCheck, you can always use this for someone else, as long as your card is used to pay.
Bottom line
The Capital One Venture X Business is a compelling card that many small business owners should consider. The card has a $395 annual fee (Rates & Fees), but for that you get a $300 annual Capital One Travel credit and 10,000 anniversary bonus miles, which should offset the annual fee for savvy consumers.
Then you’re left with a card offering a minimum of 2x Capital One miles on all purchases with no preset spending limit, a Priority Pass membership with restaurant credits, Capital One Lounge access, and more.
When you add the excellent welcome bonus to the equation, picking up this card is a no-brainer, in my opinion.
How many authorized users does the card permit? Does each authorized user receive their own Priority Pass benefit with two guests? Does the Venture X Business still support PP restaurants?
@Ben Schlappig,
I just want to share my experience here with Venture X buss card. Just received my Ven X Buss card last week and started using it. So far, I have spent about $9K and tried to use the card and my charges are denied by the bank. When I called the customer service, they want me to pay remaining balance to use for future purchasing power. Talked to supervisor but invain. They asked...
@Ben Schlappig,
I just want to share my experience here with Venture X buss card. Just received my Ven X Buss card last week and started using it. So far, I have spent about $9K and tried to use the card and my charges are denied by the bank. When I called the customer service, they want me to pay remaining balance to use for future purchasing power. Talked to supervisor but invain. They asked me to check my purchasing power every day before I use the card. How come anyone use the card for $100K in 3 months and qualify for the bonus. I am not even aiming for that but first 150K. Its very frustrating call with them.
I want to complain about this to appropriate authorities. Would you please point me in right direction.
For a range of reasons, I gave up on Capital One a while back. They are a waste of time. But, in particular, the reason you state: a card with no preset limit . . . with a limit. In my business, I have individual charges north of $100k. I don't have time to sloooowly build up Capital One's comfort level to raise my no preset limit limit to a workable level. I do just fine with Amex and Chase.
If I was going to spend $100k, I'd be clearing welcome bonuses on several other cards and getting more than 150,000 bonus points for it. This is really a bonus for massive spend with a time limit, not a sign up bonus.
If I spend $100k, do I also get 200k points from spend, such that after the SUB I have 500k points?
Yes.
Ben, do you know if C1 will match a bonus offer for someone who recently got the card?
Depends how recently. Some data points from Dr of Credit seem to suggest if it was in the last few weeks then yes, but more than one month no. I'd call and ask!