For businesses with inconsistent cash flow, you may prefer a more traditional credit card. When you choose to apply (and are approved) for a new credit card through our site, we may receive compensation from our partners, and this may impact how or where these products appear. Please view our advertising policy and product review methodology for more information. You can redeem Capital One miles for a statement credit to cover travel purchases at a flat rate of 1 cent per mile.
Capital One miles offer amazing flexibility
The Capital One Venture X Business is also especially rewarding the first year since cardmembers can earn a welcome bonus of 150,000 miles once you spend $30,000 in the first three months from account opening. That’s a very high threshold to meet, but 150,000 miles are worth $1,500 in travel through Capital One and potentially more if transferred to Capital One airline and hotel partners. Between those two benefits alone, that’s $470 worth of value annually for a $395 annual fee card. And that doesn’t even account for the other perks (including airport lounge access), which I’ll cover below.
Free Employee Cards
- With the Venture X Business Card, you can also assign an account manager to make purchases and payments, review transactions, and resolve any problems on your behalf.
- Unlike traditional cards, the Capital One Venture X Business Card† operates on a pay-in-full basis with no APRs and transaction fees, ensuring that cardholders avoid interest charges by settling their balances in full each month.
- Small-business owners looking for a no-annual-fee rewards credit card will appreciate the Bank of America Business Advantage Customized Cash Rewards credit card.
- As a long time reader, I have ZERO issues with him supporting his family by reviewing them again.
One thing that can’t be emphasized enough about the Capital One Venture mileage ecosystem is just how flexible the rewards are, especially in comparison to other popular points currencies. As mentioned above, for every eligible dollar you spend on Venture X Business, you earn a minimum of 2x miles. Furthermore, Venture X Business offers up to a $100 TSA PreCheck or Global Entry fee credit once every four years, which adds even more value to the card. And the Venture X Business card (review) is an equally excellent option for small businesses.
Elevated Travel Benefits
The Capital One Venture X Business Card† doesn’t charge fees for authorized user cards — a substantial saving compared to other premium business cards that charge close to $100 per additional account. The Capital One Venture X Business Card† offers a generous rewards structure, with elevated reward rates on all purchases and a substantial welcome bonus. Cardholders also enjoy an annual bonus worth at least $100, and the opportunity to earn even more miles from free employee cards. Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel. Earn 5X miles on flights and vacation rentals booked through Capital One Travel.
Not all small business owners charge $10,000 in monthly expenses, making the massive welcome bonus unattainable to some. Much like the Capital One Venture X Business Card†, The Business Platinum Card® from American Express is best for mid-sized companies that spend a lot on flights and travel. Sole proprietors, companies with minimal spending, and entrepreneurs who don’t travel won’t find much value from this card, which comes with a hefty annual fee of $695. The Capital One Spark Miles for Business† also doesn’t offer as many travel benefits, although cardholders also receive up to a $100 application fee credit toward Global Entry or TSA Precheck every four years. This rewards rate works well for business owners who want to earn elevated rewards on all purchases, without limits on spending or categories. This means you have no preset spending limit, but you must pay your card off in full each month to avoid late fees.
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Forbes uses data from various government agencies in order to determine both baseline income and spending averages across various categories. We estimate that an average business charges $39,337 to a credit card each year, resulting in 129,022 miles if all qualifying travel is booked through Capital One Travel. It is important to note, though, that this is a charge card, which means the balance must be paid in full every month, or your account will be considered past due.
It’s a lucrative card — while there’s a lot of overlap with the consumer version of the card, there are also some differences. Foreign transaction fees are one of the most egregious costs to watch for when traveling internationally or shopping with a merchant based abroad. Airport lounges provide a comfortable, relaxing place for travelers to enjoy complimentary food and drinks before a flight. Considering how overpriced airport concessions can be, you can save substantially by opting for a lounge visit instead. Capital One Venture X Business Card† cardholders have various options for redeeming rewards to suit different needs. Earning rewards with the Capital One Venture X Business Card† is straightforward and lucrative, and businesses have ample opportunities to accumulate miles on everyday expenses.
Besides having access to Chase’s transfer partners, your points receive a 25% value boost when redeeming them through the Chase travel portal. Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value. The Capital One Venture X Business offers a substantial bonus to those who can meet its spending requirement.
However, those who won’t meet the spending requirement to earn the card’s welcome bonus or want to earn more on specific business purchases should opt for a different card. These Capital One Lounges show just how serious the bank is about competing in the premium travel rewards credit card space. All three lounges give travelers a comfortable place to relax with locally crafted food and drink options, shower suites, and of course, plenty of comfortable seating options for both business and leisure travelers.
With little effort, most business owners should be able to easily recoup $300 a year with the card’s annual travel credit alone. While you do have to book through the Capital One Travel portal in order to get this discount, that will be a minor inconvenience for most, and more than worth it to get $300 back. Besides allowing your account manager to make purchases, you can also add extra employee cards to your account for free. That means employees can get their own card for business purchases or supply runs, and all those charges (and rewards) go to the business owners’ account. As an added layer of security, you can even set customized spending limits for employee cards and see transactions as soon as they post. One way to redeem Capital One miles is at the rate of one cent per mile toward the cost of a travel purchase.
In fact, many Americans have what the banks would consider a small business and don’t even realize it. I can’t emphasize enough how lucrative it is to at least get a return of two cents on the dollar on all your business spending. A vast majority of people using travel rewards cards for everyday spending aren’t getting that level of return. Note that this annual fee is for the primary card member, and then you can add authorized user cards at no extra cost, so that you can rack up rewards for your employees’ spending. Capital One Venture X Business credit card benefits add to its overall value in the first year and beyond.
Miles earned with the Capital One Venture X Business are worth an average of 1.21 cents each, which compares favorably to Amex Membership Rewards points, which have an average value of 1.19 cents each. Note, this valuation is lower than the rewards value for points earned with the Ink Business Preferred, which boasts an average point value of 1.38 cents each. Admittedly this spending requirement is significant, but the reward is big as well. Read our guide on how to earn, redeem, and maximize Capital One Miles in 2024 to learn more strategies for earning and redeeming points. The Capital One Venture X Rewards Credit Card is the personal version and the Capital One Venture X Business card is the business version.
Cardholders earn 5x miles on flights and 10x on hotels and rental cars booked through Capital One Travel. Earnings are unlimited, so this elevated rate can be very rewarding for businesses with substantial travel expenses. Miles do not expire, providing ample opportunity to redeem them however you wish. The Capital One Venture X Business Card†’s welcome bonus is one of the highest available, at 150,000 bonus miles once you spend $30,000 in the first three months from account opening. When redeemed for travel purchases, the bonus is worth $2,550, based on our valuations.
MCLEAN, Va., September 12, 2023 – Today, Capital One announced that Capital One Venture X Business, the newest addition to the Venture X family, is now widely available to all eligible business owners on the Capital One website. With Venture X Business, cardholders earn an unlimited 2X miles for every purchase, every day, which they can then redeem for flights, hotels and more—all with no restrictions, exclusions or blackout dates. Cardholders can also earn 10X miles on hotels and rental cars and 5X miles on flights when booked through Capital One Travel. New Venture X Business cardholders earn 150,000 bonus miles when they spend $30,000 or more on the card in the first three months. Those looking for one of the best premium business cards on the market should consider the Amex Business Platinum card.