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.