Capital One Venture X Business overview
The Capital One Venture X Business is the business version of the fan-favorite Capital One Venture X Rewards Credit Card. Like its personal counterpart, the Venture X Business offers luxury perks for a reasonable annual fee and an easy-to-understand earning structure. This is a great option for small-business owners who value simplicity. Card rating*: ⭐⭐⭐⭐½
* Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
Since its launch in 2021, the Capital One Venture X has been a major player in the premium card space. It offers luxury benefits like airport lounge access and a valuable travel credit for a reasonable annual fee.
Since 2023, the business version of the card — the Venture X Business — has been available. It has the same $395 annual fee and many of the same benefits we’ve come to love in the Venture X. Key perks include generous airport lounge access, an annual travel credit and the option to add employee cards for no additional cost.
The major difference between the personal and business offerings is the welcome offer, with the business version offering a much more lucrative bonus.
TPG recommends an excellent credit score of 740 or above for this card.
Here’s what you need to know if you’re considering applying for the Capital One Venture X Business.
Capital One Venture X Business pros and cons
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Capital One Venture X Business welcome offer
The Capital One Venture X Business is offering a limited-time tiered welcome bonus to those who can meet its high spending requirement. New applicants can earn up to 400,000 bonus miles: 200,000 bonus miles after spending $30,000 on purchases in the first three months from account opening and an additional 200,000 miles after spending $150,000 on purchases in the first six months.
According to TPG’s November 2025 valuations, this welcome bonus is worth up to $7,400. This is the highest bonus we’ve seen offered on this card. The previous best-ever bonus offered up to 350,000 bonus miles (no longer available), but required a gigantic $200,000 in spending. This offer still requires an exorbitant $150,000 in spending to fully maximize.
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This welcome bonus is best suited to established businesses that can organically spend the $150,000 required to earn the full bonus.
Related: How to apply for a Capital One business credit card
Capital One Venture X Business benefits
The Venture X Business has many of the same perks that have made its personal counterpart so popular. As a cardholder, you’ll get:
- A $300 credit annually for travel booked through Capital One Business Travel
- 10,000 bonus miles each year at your cardmember anniversary, worth $185 based on TPG’s valuations
These two benefits alone more than offset the card’s $395 annual fee.
You’ll also receive the following perks:
Related: A complete guide to Capital One’s airport lounges
Earning miles with the Capital One Venture X Business
With the Venture X Business, you’ll earn:
- 10 miles per dollar spent on hotels and rental cars booked through Capital One Business Travel (18.5% return based on TPG’s valuations)
- 5 miles per dollar spent on flights and vacation rentals purchased through Capital One Business Travel (9.25% return)
- 2 miles per dollar spent on all other purchases (3.7% return)
This simple earning structure means you won’t have to worry about whether your purchase falls in a bonus-earning category.
However, suppose you spend a significant portion of your business budget on categories such as shipping and advertising. In that case, you might find that you’ll get a better return on your spending with a different business credit card.
Related: How to pick a strategy for your small-business credit cards
Redeeming miles with the Capital One Venture X Business
Your most valuable redemption option is to transfer your miles to any of Capital One’s 15-plus airline and hotel partners.
However, you can also redeem your miles to book travel through Capital One Business Travel, for a statement credit to cover travel purchases or to purchase gift cards at a flat rate of 1 cent per mile.
Related: Should you transfer Capital One miles to partners or redeem directly for travel?
Transferring miles with the Capital One Venture X Business
Again, the most valuable redemption option is to transfer your miles to one of Capital One’s travel partners. You have 15-plus hotel and airline programs to choose from, including Air Canada Aeroplan, Singapore KrisFlyer and Choice Privileges.
Matt Moffitt, a contributing editor for TPG, likes to transfer his miles to Air France-KLM Flying Blue to get good value from booking business-class flights to Europe and British Airways Club for nonstop American Airlines flights within the U.S.
Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles
Which cards compete with the Capital One Venture X Business?
If you want more business-related perks or don’t spend enough to earn the welcome bonus on the Venture X Business, one of these cards might be a better fit:
For additional options, see our full lists of the best business credit cards and the best travel rewards credit cards.
The information for the Ink Business Preferred has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Related: Capital One Venture X vs. Venture X Business: Small but important differences
Bottom line
The Capital One Venture X Business is a great option for small-business owners who put a significant amount of spending on their credit cards and want the simplicity of a flat earning rate on all their purchases.
However, those who won’t meet the spending requirement to earn the card’s welcome bonus or want to earn more in specific business categories should opt for a different business card.
Learn more: Capital One Venture X Business
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.