Capital One Venture X Business Card Details
Some interesting news, there is a new Venture X launching, but it isn't actually new. Weird, I know! I knew that Capital One had been rethinking their newest card, the Capital One Spark Travel Elite. My business banker had told me as much, but I wasn't expecting them to go this route. It does make a lot of sense though, since the Spark Travel Elite was basically a carbon copy of the Capital One Venture X. I would imagine the Venture brand name recognition is leaps and bounds ahead of Capital One's Spark cards too. There are some other nice benefits from this change as well that I'll discuss. Let's dive into all of the Capital One Venture X Business card details.
Update 9/12/23: The Capital One Venture X Business card is finally available for online applications
Why The Change?
Why is Capital One doing this “refresh” just about a year after launching the Spark Travel Elite card? If we can even call this a refresh, it is more like a rebranding than anything. I don't have any concrete info to share on that front but I can try to read the tea leaves a bit. The Spark Travel Elite always felt a bit like a soft launch, not allowing people to apply for it online. I think Capital One is still trying to figure out their business card department a bit. The card was a mirror image of the Venture X and the Venture brand is much stronger than the Spark brand name so this makes a lot of sense.
I think this will open up Capital One Business cards to a whole new sector of people. I wouldn't be surprised if most Capital One Venture Rewards, or Venture X, cardholders didn't even realize Capital One had business cards. I believe that this change fixes that bit. This will likely drive more people to an area of business that had always been an afterthought to Capital One. A part of the business that far supersedes individual consumer spending by the way. The only downside is they are still making it a bit difficult to get the new card, but more on that later.
Capital One Venture X Business Welcome Offer
The Capital One Venture X Business card has the following welcome offer:
- Earn 150,000 Capital One Venture Miles after spending $30,000 within 3 months
- Card comes with a $395 annual fee which is NOT waived
- LEARN MORE
This card should not count against Chase 5/24. Things are always a little iffy with Capital One but reports we have seen is it hasn't. Capital One does pull all 3 credit bureaus for their credit card applications.
Capital One Venture X Business Earning Structure
The card earns at the following rates:
- 10X at hotels and car rentals booked through Capital One's travel portal.
- 5X on flights booked through Capital One's travel portal
- 2X on everything else
Points can be redeemed at 1 cent each as a statement credit towards travel expenses or transferred to one of Capital One's transfer partners.
Capital One Venture X Business Card Perks
Here are some of the card perks that come with the Venture X Business card:
- $300 annual travel credit
- Need to book through Capital One Travel to redeem it
- 10,000 points every card anniversary
- Access to Capital One airport lounges and Plaza Premium Lounges.
- Priority Pass Select membership.
- 10,000 mile annual anniversary bonus.
- Primary Rental Car Insurance
- $100 for a TSA PreCheck or Global Entry credit
Capital One Venture X Business Card Details: ToP Thoughts
While this card is aimed a big spenders it is nice to see the large welcome offer is staying around. I think the change from the Spark Travel Elite to the Venture X Business makes a lot of sense from a branding standpoint. The Venture name carries a lot of weight in the credit card realm and the card was pretty much created in the Venture X's image.
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