Capital One Venture X Business Rewards Credit Card Review

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Capital One’s business version of its popular Capital One Venture X Rewards Credit Card, a luxury travel card with an annual fee of $395 and premium benefits, such as Priority Pass lounge access and $300 in annual travel statement credits.

The Capital One Venture X Business is similar to its personal card counterpart in many ways, offering the same exact rewards earning rates, annual travel credits, annual fee and more.

However, the Venture X Business card differs from the personal version in a few key ways. First of all, with the Business card, you’re required to pay your balance off in full every month. If you fail to do so, you’ll be charged a 2.99% late fee on your outstanding balance each month until your balance is fully paid off. Second, the Venture X Business card is currently offering a massive spending bonus, but you’ll need to spend a pretty massive amount of money to earn it. 

New Venture X Business cardholders have the opportunity to earn a pretty substantial bonus. And since the Venture X Business card earns at least 2X miles on all purchases, new cardholders will end up with at least 2X points on all of their spend towards the bonus as well. That translates to a whole lot of reward travel or other redemptions.

Let’s take a look at all of the different features of the new Capital One Venture X Business card to help you determine whether this card is right for your wallet.

Pros	Cons
Good spending bonuses for travel purchases made through Capital One Travel	Balance must be paid off in full each month (or a 2.99% late fee is imposed)
Access to Capital One Partner Lounge Network (including Priority Pass lounges)	$395 annual fee
$300 annual travel credit through Capital One Travel	Requires excellent credit
$100 application fee reimbursement for TSA PreCheck or Global Entry
10,000-mile anniversary bonus
No foreign transaction fees

The Venture X Business card doesn’t have a preset spending limit. Instead, your spending limit will be adjusted over time based on your spending behavior, payment history, credit profile and other factors. It’s unclear whether this is a pro or a con because, on one hand, it could help you raise your credit limit easily. But, on the other hand, it could make it harder to manage your credit utilization ratio (which is an essential component of your credit score).

Who Can Qualify for a Business Credit Card?

If you want to qualify for a business credit card, you need to be a small business owner. However, in this case, the definition of a small business owner is broad and includes operators of any legal business structure.

The four types of common business structures are sole proprietorships, partnerships, corporations and limited liability companies (LLCs). If you aren’t sure of whether or not you’re a small business owner, then you’re likely a sole proprietor.

The legal definition of a sole proprietorship includes: 

• Self-employed business owners (such as online sellers, Airbnb hosts, notaries, farmers, bloggers, landscapers, babysitters, etc.)
• Freelancers and independent contractors (such as freelance writers, journalists, plumbers, builders, real estate agents, web developers, etc.)
• Gig economy workers (such as ride-hailing service drivers, food delivery drivers, handymen, personal trainers, accountants, website content writers, etc.)

So, if you fit this broad definition of a small business owner, you should be able to qualify for the Venture X Business card from Capital One so long as you have “excellent” credit. 

Capital One Venture X Business Spending Bonuses

As previously mentioned, the Venture X Business card offers the same spending bonuses as its personal counterpart. With both cards, you’ll earn a baseline of 2X miles plus elevated spending bonuses for certain purchases made through the Capital One Travel portal. 

Here’s a full breakdown of the spending bonuses offered by the Venture X Business card: 

• 10X miles on hotels and rental cars booked directly through Capital One Travel
• 5X miles on flights booked directly through Capital One Travel
• 2X miles on all other purchases

As you can see, the spending bonuses offered by the card are geared toward frequent travelers who are willing to book their travel through the Capital One Travel portal. The baseline earnings of 2X miles is also a decent spending bonus for all other purchases. 

However, for a card that charges an annual fee of $395, these spending bonuses aren’t all that impressive, especially considering that travel isn’t one of the largest expense categories for many small businesses. On top of that, you can often find cheaper prices for hotels, rental cars and flights than the ones you’ll find on Capital One Travel. 

The Capital One Venture X Business card, though, does make up for its lackluster spending bonuses with some excellent benefits and a huge spending bonus. 

Capital One Venture X Business Benefits

In addition to the miles you’ll earn with the spending bonuses and welcome bonus from the Venture X Business credit card, you’ll also receive some great benefits that add a ton of value to this card. If used to the fullest extent, these benefits alone easily offset the Venture X Business card’s $395 annual fee.

$300 Annual Travel Credit

Venture X Business cardholders receive up to $300 in annual statement credits for travel purchases made through the Capital One Travel portal, including hotel, flight and rental car purchases. These credits will be applied automatically whenever you make an eligible purchase with your Venture X Business card through Capital One Travel. The credit may apply to your account at the time of the purchase or it may show up within one to two billing cycles.

You also don’t need to spend the full $300 to receive statement credits. For instance, if you spend just $100 through the Capital One Travel portal during a year, then you’ll receive $100 worth of statement credits for that year. 

10,000-Mile Anniversary Bonus

Venture X Business cardholders will receive a bonus of 10,000 miles every cardmember anniversary, starting with your first renewal. To be clear, you’ll earn your first 10,000-mile anniversary 12 months after opening your Venture X Business account.

Since Capital One Miles are worth at least 1 cent apiece, this anniversary bonus is worth at least $100 when redeemed for travel through Capital One Travel (and could be worth substantially more if transferred to one of Capital One’s airline partners). 

Unlimited Complimentary Airport Lounge Access

Venture X Business cardholders are entitled to unlimited complimentary access for themselves and two guests to all Capital One Lounges, Plaza Premium and Priority Pass lounges worldwide.

However, it’s worth noting that you need to enroll in both Plaza Premium and Priority Pass to gain access to their respective airport lounges. The Priority Pass network includes more than 1,300 lounges worldwide, and the Plaza Premium network includes more than 100 lounges worldwide. 

$100 TSA PreCheck or Global Entry Application Fee Reimbursement 

Venture X Business cardholders will receive a statement credit for the application fee for either TSA PreCheck or Global Entry. The application fee for TSA PreCheck is $78 whereas the application fee for Global Entry is $100. The statement credit will cover the entire cost of the application fee regardless of which trusted traveler program you choose. 

Memberships for both TSA PreCheck and Global Entry are valid for five years, and this statement credit is available to cardholders every four years. 

Global Entry includes all TSA PreCheck benefits, so you’re probably better off applying for Global Entry.

$100 Experience Credit and Other Premium Benefits at Premier Collection Hotels

The Premier Collection is Capital One’s curated portfolio of luxury hotels and resorts that’s available only to Venture X and Venture X Business cardholders that includes villas, private island retreats and penthouses. You can book stays at Premier Collection properties through Capital One Travel by clicking on the “Premier Collection” tab (which is accessible only if you’re a Venture X or Venture X Business cardholder). 

When staying at Premier Collection properties as a Venture X Business member, you’ll be entitled to certain benefits, including: 

• 10X miles per dollar
• Daily breakfast for two
• Free Wi-Fi
• Additional premium perks upon arrival, such as early check-in, late checkout, space-available room upgrades and more
• On-site experience credit worth up to $100 to use on dining, spa and other activities

Keep in mind that on-site experiences are subject to availability, so you’ll want to book your experience in advance. Also make sure to charge eligible experience purchases to your room so that the hotel can apply the experience credit at checkout. The experience credit can’t be applied to your room rate.

Authorized Users for Free

One of the most underrated features of the Capital One Venture X Business card is that you can add up to 99 authorized users (and possibly more if you coordinate with Capital One’s Spark Business team) to your card without incurring any additional fees.

That means that any of those authorized users can earn miles for you by spending on your account. To clarify, as the primary account holder, you’ll be responsible for paying off any charges made by authorized users on your account. 

The main reason that adding authorized users for free is such a big deal is that those authorized users are entitled to many of the same benefits as the primary cardholder. In particular, authorized users receive the same airport lounge access as the primary cardholder, which includes unlimited complimentary access to all Priority Pass, Plaza Premium and Capital One lounges. 

Keep in mind that authorized users do have to enroll in both Priority Pass and Plaza Premium (both of which are free of charge) to gain access to their lounges. 

It’s worth noting that authorized users don’t have the ability to make bookings through the Capital One Travel portal. 

No Foreign Transaction Fees

One benefit of all Capital One credit cards is that they don’t charge foreign transaction fees. That means that you can use your Capital One Venture X Business card anywhere in the world without incurring any additional charges. 

Capital One Venture X Business Drawbacks

While the new Capital One Venture X Business card is definitely competing for one of the best business credit cards available, this card is not without drawbacks. The main disadvantages of this card are that it can be hard to qualify for, it charges a fairly high annual fee, and you’re required to pay off your balance in full every month (or else a late fee will be incurred).

Balance Must Be Paid in Full Every Month

The Venture X Business card is a pay-in-full card, meaning that you’re required to pay off your balance entirely each month. This means that there’s no APR and you won’t incur interest charges.

However, if you fail to pay your balance off in full every month, you’ll incur a late fee equal to 2.99% of your outstanding balance and your account will be considered past due until your balance is paid off in full. 

High Annual Fee

The Capital One Venture X Business card’s annual fee of $395 is relatively high compared to other business credit cards. For some small business owners, this annual fee may outweigh the potential benefit that they can get from this card. 

For instance, if you rarely spend money on travel, then this card probably isn’t the best option for you considering that the Venture X Business card’s elevated spending bonuses are for travel purchases and most of the benefits are geared towards travel. 

If you don’t travel often, plenty of other business cards offer larger bonuses for different types of spending. There are also many business credit cards that have significantly lower annual fees than the Venture X Business card. 

Requires Excellent Credit 

To qualify for the Venture X Business card, you need to be a small business owner. However, even though it’s a business credit card, you’ll still need a personal credit score in the “excellent” range to qualify as well.

If you aren’t sure whether you have the required credit score to qualify, you can use Capital One’s pre-approval tool to get a better idea before you apply.

Applying for a credit card requires a hard inquiry, which results in a temporary drop in your credit score. So, you want to be pretty sure that you’ll be approved before you apply for any credit card. With Capital One’s pre-approval tool, you can get a good sense of your chances of approval without taking a hit to your credit score. 

Other Cards to Consider

Before you apply for the Capital One Venture X, you should first examine the other options that are available to you. We recommend looking into the following cards. 

Ink Business Preferred® Credit Card

At $95, the Ink Business Preferred® Credit Card has a considerably lower annual fee than the Venture X Business card. Plus, this card offers better spending bonuses on common business categories such as shipping, advertising, and internet, cable and phone services. Here are the spending bonuses offered by the Ink Business Preferred Card: 

• 5X points on Lyft rides through March 2025 
• 3X points on the first $150,000 spent in combined purchases in the following categories each cardmember year:
  • Shipping purchases
  • Advertising purchases made with social media sites and search engines
  • Internet, cable and phone services
  • Travel
• 1X point on all other purchases

For many business owners, particularly those who are looking for a card with a lower annual fee, then the Ink Business Preferred card may be a better option.

The Business Platinum Card® from American Express

While The Business Platinum Card® from American Express has a significantly higher annual fee than the Venture X Business card at $695 (see rates & fees), this card comes with a ton of annual statement credits that can offset that high annual fee quickly. 

Unfortunately, the spending bonuses offered by the Business Platinum Card aren’t all that great for a card with such a high annual fee. Below are the earning rates offered by this card:

• 5X points on flights and prepaid hotels booked on AmexTravel.com
• 1.5X points on eligible purchases in key business categories of $5,000 or more
• 1X point on all other purchases

While these bonus earning rates aren’t impressive, as previously mentioned, where the Amex Business Platinum Card really shines is in its statement credits and other benefits. Here are some of the statement credits offered by this card: 

• $400 annually toward U.S. purchases with Dell Technologies (up to $200 semi-annually)
• $360 annually toward purchases with Indeed (up to $90 per quarter)
• $150 annually toward select business subscription purchases with Adobe Creative Solutions
• $120 annually toward purchases with U.S. wireless telephone service providers (up to $10 per month)
• $200 annual airline fee credit for baggage fees and more on one airline of your choice
• $189 annually toward Clear membership fee

These statement credits add up to a value of over $1,000. The Amex Business Platinum Card also offers several other benefits, including airport lounge access and a 35% points rebate on select flights purchased through Amex Travel. So, if you think that you’ll take advantage of the benefits and statement credits offered by this card, then it may be a better option for you than the Venture X Business card. 

The Bottom Line

The Capital one Venture X Business card is an attractive option for small business owners, especially considering that this card is currently offering a generous welcome bonus.

The Venture X Business card has an annual fee of $395, but you can easily offset that fee with the $300 annual travel credit through Capital One Travel, unlimited complimentary access to Capital One, Priority Pass and Plaza Premium lounges, the 10,000-mile yearly anniversary bonus and the all of the other valuable benefits offered by this card. 

However, for small business owners who won’t be able to reach the spending limit for the Venture X Business card’s welcome bonus and would prefer to earn points on more general business categories, there are probably better options. So, make sure to research all of your options before signing up for the Venture X Business card.

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.