Capital One Venture X Business Credit Card Review
The Capital One Venture X Business Credit Card is Capital One's newest business credit card on the block. This card is almost identical to the personal Capital One Venture X Rewards Credit card, but with a few small differences. So how do the Venture X Business and its benefits compare to the competition? In our Capital One Venture X Business credit card review, we will answer that question and go over all of the card details.
Venture X Business Welcome Offer
The current welcome offer on the Capital One Venture X Business is as follows:
- Earn 150,000 miles after spending $30,000 in 3 months.
- The card has a $395 annual fee which is NOT waived.
Capital One Application Rules
Here are the Capital One applications rules you should be aware of from our guide on all banks' application rules.
Capital One generally will only approve you for one card every six months. This rule applies to both personal and business cards, meaning you cannot open a personal card and a business card within six months of each other.
Additionally, Capital One typically has a two-card maximum, regardless of personal or business. It is very difficult to hold more than 2 Capital One cards at a time.
Capital One Venture X Business Credit Card Review: Earning Structure
The Capital One Venture X Business credit card comes with the following earning structure, which is identical to that of the Capital One Venture X Rewards Credit Card:
- 10 Miles per dollar on hotels and rental cars booked through Capital One Travel.
- 5 Miles per dollar on flights booked through Capital One Travel.
- 2 Miles per dollar on every purchase, every day.
Card Benefits
The Venture X Business offers lots of benefits that can help justify its $395 annual fee. Here are some of the more notable ones:
- $300 annual travel credit for bookings made through Capital One Travel.
- 10,000 bonus miles each year on your account anniversary.
- Capital One Lounge access (including guest access).
- Priority Pass membership (including guest access).
- Free employee cards (authorized users).
- $100 credit towards TSA PreCheck or Global Entry
- Premier Collection bookings with the card get a $100 experience credit, daily breakfast for 2 and complimentary Wi-Fi on every booking, plus other premium benefits like room upgrades, early check-in and late checkout when available.
Venture X Business Review: ToP Analysis
Capital One has launched the Venture X Business with a flashy welcome offer of 150,000 points, but with a hefty minimum spend of $30,000. This is twice the amount of spend required for 150,000 miles for the The Business Platinum Card® from American Express. It helps that this card is a charge card, rather than a credit card, and has no preset credit or spending limit.
Nonetheless, you can do a lot with 150,000 Venture miles through Capital One's many transfer partners. Capital One had a good variety of transfer partners that includes airline and hotel options. Notably absent, however, is a United States domestic airline transfer partner.
Card Perks
When it comes to benefits, the Capital One Venture X Business is very similar to the personal Venture X card. Both cards offer a lot of perks in exchange for the $395 annual fee. For starters, 10,000 points on each anniversary is a nice boost. The $300 travel credit isn't as easy to use as that of the Chase Sapphire Reserve®, so we hesitate to value it at the full $300 face value. But most folks should still be able to get some solid use out of the credit.
The remaining card perks are pretty good, especially since the free authorized user cards get some of them. Lounge access is certainly one of the card's biggest appeals, especially with Capital One expanding its lounge footprint. Having lounge access for all cardholders puts the card at the head of the class. Oddly, Hertz status, which is benefit of the Venture X, appears to be missing from the Venture X Business.
The card's Priority Pass membership might also be among the best in the industry. We say “might be” because Capital One's terms & condition are not very clear. They suggest that Priority Pass membership through the Venture X Business card does not include restaurant access, whereas others have reported different.
Unlike the personal version, the Venture X Business card does not offer lounge access (Priority Pass or Capital One Lounge) to authorized users.
The Venture X Business card's biggest appeal will turn on whether the card will affect cardholders' 5/24 status. Generally, business cards do not count against 5/24 because they do not report to personal credit. But some Capital One cards do report to personal credit and therefore count against 5/24, leaving the big question as to how the Venture X Business card will be handled. Early data points indicate that the Venture X Business does not count towards 5/24. If Capital One indeed does not report Venture X Business accounts to personal credit bureaus, then this card will be an excellent way to enjoy the benefits of the Venture X without taking up a 5/24 slot. If you are interested in the Venture X's perks but are currently under 5/24, the Venture X Business can be the way to go while preserving a 5/24 slot.
Stacking Up To The Competition
The card's earning structure leaves something to be desired. While 2x on every purchase is quite good, Capital One offers this earn rate with other cards that have a lower annual fee, such as the Capital One Spark Miles for Business. Experienced travelers know to avoid booking through portals, so earning 5x or 10x through Capital One Travel is not very useful. To deserve any significant spending after the minimum spend, the Venture X Business would need some other bonus category.
Capital One Venture X Business Credit Card Review: ToP Thoughts
New cards are usually a good thing, and the Capital One Venture X Business is no different, even though it is nearly identical to the personal Venture X. If this card ends up not affecting 5/24, then it will be a great way to enjoy the perks without taking up a 5/24 slot. Remember that the welcome offer comes with a steep spend requirement. So if you are interested in this card, just make sure you have a couple of solid options to meet the hefty minimum spend.
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