Skip to Main Content

Capital One Venture X Business Card review: Business travel MVP?

It’s hard to go wrong with a generous flat rewards rate and valuable, practical travel perks

 /  17 min
Bankrate logo

The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for and how we rate our cards . The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Snapshot

4.9

Bankrate rating
Info
Rating: 4.9 stars out of 5

Bottom line

This premium business travel card’s flat-rate rewards program, generous travel perks and flexible spending limit should make it a lucrative option for small-business owners looking for a taste of luxury travel.

awards-badge
2024 Bankrate Awards Winner

Capital One Venture X Business

Apply now Lock
on Capital One's secure site
4.9
Rating: 4.9 stars out of 5
Bankrate score
Info
Excellent (740 – 850)
Info
Recommended Credit

2X miles - 10X miles

Rewards rate

Info

Annual fee

Intro offer

Info

Regular APR

Capital One Venture X Business Card Overview

The Capital One Venture X Business card takes what made the original Capital One Venture X Rewards Credit Card such a great option for frequent travelers and translates it for small-business owners. The result is easily one of the best business travel cards on the market.

Few business cards offer such generous annual travel credits and airport lounge access at such a low annual fee, and the card’s generous flat rewards rate should make it a solid option for businesses of all sizes.

  • Credit Card Cash Back

    Rewards

    • 10X miles on hotels and rental cars booked through Capital One Travel
    • 5X miles on flights booked through Capital One Travel
    • 2X miles on other purchases
    • Rewards value: Up to 1 cent per mile when redeemed through Capital One Travel, and about 2 cents on average through the right transfer partner

    Expert Appraisal: Exceptional
    See our expert analysis

  • Rewards

    Welcome offer

    • For a limited time, earn up to 300,000 bonus miles: 150,000 miles once you spend $20,000 in the first 3 months, and an additional 150,000 miles once you spend $100,000 in the first 6 months

    Expert Appraisal: Exceptional
    See our expert analysis

  • Credit Card Search

    Rates and fees

    • $395 annual fee
    • No foreign transaction fees
    • 2.99 percent late payment fee
    • (See Rates & Fees)

    Expert Appraisal: Good
    See our expert analysis

  • Congrats

    Other cardholder perks

    • $300 annual Capital One Travel credit
    • 10,000 annual bonus miles on your account anniversary (starting on your first anniversary)
    • No preset spending limit
    • Up to a $100 statement credit toward TSA PreCheck® or Global Entry application fees
    • Complimentary access for the cardholder and two guests to over 1,300 airport lounges, including Capital One and Priority Pass Select lounges
    • $100 experience credit for eligible stays at Premier Collection luxury hotels and resorts, plus perks like complimentary breakfast for two, WiFi, and room upgrades (when available)
    • $50 experience credit for eligible stays at Lifestyle Collection hotels, plus perks including room upgrades, late checkout and early check-in (when available)
    • Free employee cards with customizable spending limits
    • Typical account protections like $0 liability for unauthorized charges plus security alerts, card lock for lost cards and 24/7 account security monitoring

    Expert Appraisal: Exceptional
    See our expert analysis

Venture X Business Pros and Cons

Pros

  • Checkmark

    Its flat-rate rewards program should offer terrific ongoing value to a range of small business owners

  • Checkmark

    Offers one of the most valuable sign-up bonuses currently available on a business rewards card

  • Checkmark

    Carries a terrific mix of valuable, practical perks, including an annual travel credit and complimentary airport lounge access

Cons

  • The annual fee, though easy to offset, is relatively high for a business card

  • Unlike some cards with no preset spending limits, this card doesn't let you carry a balance, limiting its value as a financing tool

  • The sign-up bonus carries a high spending requirement, which may be tough for some small-business owners to meet

Why you might want the Venture X Business

The Venture X Business card carves out a niche in the high-end business card marketplace, delivering exceptional rewards value and travel perks at a lower cost than many luxury business travel cards.

Rewards: Ideal if you value simplicity

The Venture X Business card’s rewards rates aren’t a huge step up from the rates you’ll find on other Capital One business cards, but they could be a great fit if you’re looking for a simple way to earn miles on most of your business purchases.

Along with 5X miles on flights and 10X miles on rental cars and hotels booked through Capital One Travel, you’ll earn a flat rate of 2X miles on all general purchases, which should make it easy for a wide range of small-business owners to squeeze value out of the card. You won’t have to worry about tracking or enrolling in spending categories and can easily rack up miles on everyday business expenses and travel booked outside of the Capital One portal.

You also have the option to redeem miles for travel purchases made in the past 90 days, allowing you to book where you prefer, including directly with airlines and hotels or via a third-party travel site. This flexibility could make Capital One miles more appealing than the rewards you’ll earn with other issuers.

Perks: Valuable travel benefits at a relatively low cost

Like the personal version of the Venture X, the Venture X Business card focuses on valuable, practical travel perks instead of the niche credits and memberships you’ll find on some premium travel cards.

For starters, you can take advantage of up to $300 in annual travel credits and 10,000 bonus miles each year on your account anniversary — together worth around $400 if you redeem the miles for travel with Capital One (or potentially even more with the right airline transfer partner). These travel credits can also cover a wider variety of travel purchases than the credits you’ll find on some competing cards. For example, The Business Platinum Card® from American Express boasts a long list of travel perks, but you can only use its $200 annual travel credit to cover airline fees.

The Venture X Business Card is also one of the few business cards that comes with complimentary airport lounge access, offering Priority Pass Select and Capital One Lounge membership. In fact, the Venture X Business card’s lounge access perks are second only to the Amex Business Platinum Card’s comprehensive Global Lounge Collection access – and that card carries a $695 annual fee. Plus, despite its lower cost, the Venture X Business card carries some comparable travel and purchase protections, including a first-class cellphone protection.

Not many business cards come with this many annual credits, airport lounge access and top-tier travel protections, so the Venture X Business card’s perks stand out as some of the best available.

Welcome offer: Ultra-valuable bonus for a business card

The Venture X Business also pulls ahead of the competition with its sign-up bonus — one of the most valuable sign-up bonuses currently available on a business card. For a limited time, you can earn up to 300,000 bonus miles. You can get the first 150,000 miles by spending $20,000 in your first three months as a card member, plus another 150,000 miles if you spend $100,000 total in the first six months. That's double the card's previous offer of 150,000 miles after a $30,000 spend in the first three months, making now a terrific time to apply if you can meet the (admittedly massive, even for a business card) spending requirement.

Capital One miles are worth 1 cent each when you you redeem through Capital One Travel, so 300,000 miles could be worth a whopping $3,000 in travel. Based on Bankrate's latest credit card mile valuations, Captial One miles can be even more valuable when you transfer to the right airline or hotel partner. We estimate Capital One miles are worth around 1.7 cents each on average when you transfer points to one of the issuer's top travel partners, so the bonus could be worth around $5,100 with the right booking. 

This could even beat out the value offered by the Amex Business Platinum card's bonus, which, until recently, reigned supreme in the business rewards card market (120,000 points after you spend $15,000 on purchases in your first three months as a card member). Based on Bankrate's point valuations, which give Amex Membership Rewards an average value of 2.0 cents each, we valued this offer at around $2,400. 

That said, since the Venture X Business card's bonus spending requirement is so high, many small-business owners may struggle to take full advantage. If you don't have many big business expenses on the horizon, a card with a lower bonus spending requirement may be a better fit.

Why you might want a different card

While the Venture X Business card’s rewards and perks should make its annual fee easy to offset, the price tag may still be too high for some small-business owners.

And though the card’s perks are solid, it doesn’t carry the longest list of travel benefits or redemption options out there. If you’re focused on luxury perks or want the option to redeem for travel and cash back without sacrificing point value, another card may be a better fit.

Rates and fees: Limited payment flexibility and intimidating annual fee

If your business expenses only amount to a couple thousand dollars per month or you rarely travel, the Venture X Business card’s $395 annual fee (See Rates & Fees) may be hard to offset via rewards or perks.

Although the card offers plenty of practical perks and versatile rewards that make its annual fee easy to justify, many cardholders simply won't want to worry about offsetting such a high cost and may prefer a mid-tier travel card or a simpler, no-annual-fee cash back card. Meanwhile, since the card carries no ongoing or intro APR, you won't be able to strategically carry a balance to free up cash flow or chip away at expenses over time. Keeping a balance past the due date could result in a 2.99 percent late payment fee — which could be a hefty penalty.

On the plus side, there aren’t many other costs to worry about . There are no foreign transaction fees on purchases abroad (the norm for premium travel cards) and you won’t have to worry about owing interest since you’re required to pay off your balance in full each billing cycle. 

Other features: Only a few luxury and business perks

Though the Venture X Business comes with plenty of great travel perks like airport lounge access and credits for TSA PreCheck or Global Entry, its low cost requires some compromises.

The card is missing some of the luxury perks you can find on cards with an annual fee of $500 or more, such as complimentary airline or hotel elite status. The card may also fall short if you’re interested in business-centric bonus categories and features.

For example, the Amex Business Platinum boasts hundreds of dollars worth of annual credits toward Dell products, Indeed recruiting, Adobe services and wireless providers.

Payment flexibility: No preset spending limit, but can’t carry a balance

If you need a lot of purchasing power, the Venture X Business card may be appealing since it has no preset spending limit (the amount you can spend varies based on factors like your credit profile and your account standing). You can even increase your purchasing power through positive activity, like making multiple payments within a billing cycle. Capital One also makes tracking your spending limit easy with its helpful “Confirm purchasing power” tool, which allows you to input a dollar value and check whether you’ll be approved for that purchase.

However, unlike some other cards with no preset spending limit, this card doesn’t give you the option to carry a balance. You must pay off the card in full every month or you’ll face a late payment fee based on a percentage of your balance. 

While carrying a balance can get expensive, it may be necessary to do so short term in a pinch. So if you need both large purchasing power and the flexibility of an ongoing APR, the Venture X Business may not be the best fit compared to rivals like the Ink Business Premier℠ Credit Card and other high-tier Amex rewards cards.

First-year vs. ongoing value

The Venture X Business card not only carries terrific first-year value via its sign-up bonus, but also boasts some of the best ongoing rewards rates and perks you can get on a premium business travel card. As long as you travel regularly, this card should offer great value in both the short and long term.

The card’s sign-up bonus is worth more than the bonuses you’ll find on most business travel cards, and the value you’ll get by redeeming the intro offer for travel bookings with Capital One is enough to offset the annual fee almost four times over.

Even after the first year, the card’s ongoing rewards and perks make it well worth the annual fee. The annual travel credits and account anniversary bonus miles alone can be worth around $400, and you’d only need to spend about $1,700 per month with your card to earn enough rewards alone to cover your annual fee (assuming you redeem through Capital One Travel).

Based on our card rewards value methodology, a $100,000 estimated annual spend (enough to meet the current bonus spending requirement if you can manage it in your first six months) and a 1-cent-per-mile redemption value, here’s a look at how much we estimate you could see in your first year and beyond with the Venture X Business card:

Benefits and Costs First-year value Ongoing value (no welcome offers)
Yearly rewards +$2,240 +$2,240
Welcome offers +$3,000 value (300,000 bonus miles after you spend $100,000 on purchases in the first six months)
Perks (of monetary value)
  • +$469 (Priority Pass Select membership)
  • +$300 (Annual travel credit)
  • +$100 (10,000 annual account anniversary bonus miles, redeemed through Capital One Travel)
  • +$100 (experience credit for eligible stays at Premier Collection hotels and resorts)
  • +$50 (experience credit for eligible stays Lifestyle Collection hotels)
  • +$25 (TSA PreCheck/Global Entry application credit; up to $100 every four years)
  • +$469 (Priority Pass Select membership)
  • +$300 (Annual travel credit)
  • +$100 (10,000 annual account anniversary bonus miles, redeemed through Capital One Travel)
  • +$100 (experience credit for eligible stays at Premier Collection hotels and resorts)
  • +$50 (experience credit for eligible stays Lifestyle Collection hotels)
  • +$25 (TSA PreCheck/Global Entry application credit; up to $100 every four years)
Annual fee -$395 (See Rates & Fees) -$395
Total value $5,889 $2,789

 

How the Venture X Business compares to other business cards

The Venture X Business card’s main draw is how widely its well-rounded and cost-effective perks appeal to small business owners with a range of expenses. However, there are a few alternatives worth considering if you’re hesitant about a high annual fee, you need buying power specifically for large purchases or even if you just want the option to carry a balance in a tight spot.

Image of Capital One Venture X Business
Bankrate Score
See Rates & Fees , Terms Apply
Apply now Lock
on Capital One's secure site

Annual fee

$395

Intro offer

Up to 300,000 miles
Info

Rewards rate

2X miles - 10X miles
Info

Recommended Credit Score

Excellent (740 – 850)
Info
Image of Ink Business Premier℠ Credit Card
Bankrate Score
Apply now Lock
on Chase's secure site

Annual fee

$195

Intro offer

$1,000 Cash Back
Info

Rewards rate

2% - 5%
Info

Recommended Credit Score

Good to Excellent (670 – 850)
Info
Image of Capital One Spark Miles for Business
Bankrate Score
See Rates & Fees , Terms Apply
Apply now Lock
on Capital One's secure site

Annual fee

$0 intro for first year; $95 after that

Intro offer

50,000 miles
Info

Rewards rate

2X - 5x
Info

Recommended Credit Score

Good to Excellent (670 – 850)
Info

Best cards to pair with the Venture X Business

All of Capital One’s business cards are flat-rate rewards cards, so you can expand your search to other issuers. A rewards card with categories that reward your biggest business expenses is ideal, or potentially a hotel or airline card if brand-specific benefits would improve your travels.

Who is the Venture X Business right for?

The Venture X Business caters to small business owners looking for higher-caliber travel rewards and perks than a $95-annual-fee-tier card, but don’t need a premier card with a $500 or higher fee. However, the card’s straightforward rewards and perks suit it for many annual expense ranges.

Bankrate’s Take — Is the Venture X Business worth it?

Like the personal version of the Venture X, the Capital One Venture X Business offers terrific rewards and perks at a reasonable cost. Though it carries a high annual fee, this is easy to offset with just a couple of the card’s valuable perks. Benefits like airport lounge access and travel credits are especially hard to find on business cards at this price, making the Venture X Business an ideal business travel card.

There are some trade-offs, however. The card’s sign-up bonus, though impressive, requires a ton of spending in a short timeframe. And though there’s no preset spending limit, you won’t be able to carry a balance, limiting the card’s value as a financing tool.

Still, this card is a clear winner for business travelers. As long as you can pay your balance off in full each billing cycle, the Venture X Business card should be a great fit, making it easy to earn rewards and unlock great travel perks without paying a huge fee.

How we rated this card

Document
50+
cards rated
Search
700+
data points considered
Credit Card Cash Back
10
spending categories analyzed
Credit Card Reviews
40+
perks evaluated

Our proprietary card rating system takes into account a mix of factors when scoring business credit cards, including each card’s rewards rate, estimated annual earnings, welcome bonus value, APR, fees, perks and more.

We analyzed over 50 of the most popular business credit cards and scored each based on how its key features stacked up compared to those of other cards in its category.

Here are some of the key factors that gave this card its score:

*For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Frequently Asked Questions

Written by
Garrett Yarbrough
Writer, Credit Cards

Bankrate expert Garrett Yarbrough strives to make navigating credit cards and credit building smooth sailing for his readers. After regularly featuring his credit card, credit monitoring and identity theft analysis on NextAdvisor.com, he joined the CreditCards.com and Bankrate teams as a staff writer to develop product reviews and comprehensive credit card guides focused on cash back, credit scores and card offers.

Edited by Senior Editor, Credit Cards

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.