Capital One introduces Venture X Business card with substantial welcome offer

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Capital One introduces Venture X Business card with substantial welcome offer

Research

Nick Ewen Senior editorial director | The Points Guy

By Sky Industry News

Nov 11, 2024

The Capital One Venture X Business card is designed for small-business owners seeking a straightforward rewards structure and luxury perks. Launched in 2023, it mirrors many features of the popular Capital One Venture X Rewards Card, which debuted in 2021. The business version carries an annual fee of $395 and offers benefits such as airport lounge access and a travel credit.

A notable aspect of the Venture X Business card is its welcome offer. New applicants can earn 150,000 bonus miles after spending $30,000 within the first three months. These miles can be redeemed for travel purchases at a rate of 1 cent per mile or transferred to hotel and airline partners for potentially higher value.

Matt Moffitt, TPG's managing editor for credit cards, suggests transferring miles to Air France-KLM Flying Blue or British Airways Executive Club for valuable flight deals. According to TPG's November 2024 valuations, transferring the bonus miles could yield up to $2,775 in value.

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Cardholders benefit from a $300 annual travel credit through Capital One Travel and unlimited access to select airport lounges. Employee cards are available at no extra cost, enhancing its appeal for businesses with multiple users.

However, the card may not suit everyone. Those unable to meet the spending requirement or seeking more targeted business spending rewards might consider alternatives like the Ink Business Preferred® Credit Card or The Business Platinum Card® from American Express.

In summary, the Capital One Venture X Business card caters well to business owners who prioritize simplicity and extensive travel benefits but may not fit those needing specific business-related perks.