After the successful launch of the personal Capital One Venture X Rewards Credit Card in late 2021, Capital One is now offering its business counterpart to the public. The Capital One Venture X Business card is a rebrand of the Spark Travel Elite card. Until recently, the Venture X Business card was only available through a Capital One Relationship Manager. However, it is now publicly available to small-business applicants online. With the rebrand rollout, there is also an opportunity to earn a 150,000-mile bonus.
The welcome offer for the Capital One Venture X Business card allows new applicants to earn 150,000 Venture Miles after spending $30,000 in the first three months from account opening. These miles are valued at 1.85 cents each, making the bonus worth $2,775. Even if you choose to redeem the miles for a statement credit to cover travel expenses, the full bonus is still worth an impressive $1,500.
The Capital One Venture X Business card has several key benefits. It earns 10 miles per dollar on hotels and rental cars purchased through Capital One Travel, 5 miles per dollar on flights purchased through Capital One Travel, and 2 miles per dollar on all other purchases. Cardholders also receive a $300 annual credit for travel booked through Capital One Travel and earn 10,000 bonus miles each year at their cardmember anniversary. Additionally, the card offers lounge access, access to luxury hotels, a Global Entry/TSA PreCheck credit, and has no foreign transaction fees.
For small-business owners who can meet the spending requirement for the welcome bonus, the Capital One Venture X Business card offers the potential to earn significant rewards. However, if your business has fewer expenses, you may want to consider the personal version of the Venture X or another business credit card.