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A New Venture X Is Coming! Well, Kind Of I Guess

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A New Venture X Is Coming! Well, Kind Of I Guess

Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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 Venture X Business card details.

Why The Change?

Why is Capital One doing this “refresh” just a few months 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.

Venture X Business Card Details

Capital One Venture X Business Welcome Offer

The Capital One Venture X Business card will have the following welcome offer (same as the Spark Travel Elite):

  • Earn up to 250,000 Capital One Venture Miles on this tiered offer
    • Earn 50,000 miles after spending $10,000 within 3 months
    • Earn 200,000 miles after spending $50,000 within 6 months
  • Card comes with a $395 annual fee

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 (pretty much the same as the Venture X personal 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
Venture X Business Card Details

How Can You Get One?

Since the Spark Travel Elite launched they have required you to have a business banker contact to be able to apply for it. This created a barrier of entry for some. There are some perks of applying through a Capital One business banker anyway, it appears to lead to a better chance of approval. I was able to get approved even though Capital One has denied me for everything under the sun for years.

For the time being the Venture X Business card is going to be run the same way. I expect that to change at some point in the first quarter or two of this year, but that is just a guess on my part. I reached out to my banker and he said they still don’t have the links available to them. Once they do, and the Venture X Business is live again, I’ll let everyone know so we can get you into contact if you are interested in the card.

Another perk of this changing over is other Spark cardholders should be eligible now. In the past they weren’t, but unless they change the terms that shouldn’t be the case anymore. And vice versa for people that want to apply for Spark cards that currently have this card.

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. Hopefully we will see online applications live for it in the near future. Until then, we’ll let you know when we can help you get hooked up.

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