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Physician on FIRE has partnered with CardRatings for our coverage of credit card products. Physician on FIRE and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact on how and where card products appear on the site. POF does not include all card companies or all available card offers. Credit Card Providers determine the underwriting criteria necessary for approval, you should review each Provider’s terms and conditions to determine which card works for you and your personal financial situation.
Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities.

Capital One Venture X Business Credit Card Review 2023

Author Deepti Nickam
chase freedon unlimited credit card

In 2022, Capital One debuted the business version of its popular Capital One Venture X Rewards Credit Card.

For a long time, the card wasn’t accessible to everyone—you’d need a long-standing relationship with Capital One and an invite to get it.

But now, the Capital One Venture X Business is publicly available. This new business credit card brings the same juicy perks and benefits we’ve come to expect from the personal Venture X card. 

So what’s the difference?

Capital One Venture X for business comes with a whopping welcome bonus of 150,000 miles—and an eyebrow-raising spending requirement to unlock the offer.

So, should your business grab onto these benefits or let them fly by? 

Let’s find out—

 

This article will include:

 

  • What the Venture X Business Card is all about.
  • Its fees, rewards, and benefits.
  • The pros and cons you should consider.

 

Read more:

 

 

Our Verdict

4.6
Welcome Bonus
N/A (can't find this in QMP)
Annual Fee
annual_fees
Regular APR
reg_apr,reg_apr_type
Credit Score
credit_score_needed

 

Capital One Venture X Business Card: On FIRE Score

 

Annual Fee annual_fees 3/5
APR  reg_apr,reg_apr_type 5/5
Intro Offer  bonus_miles_full 5/5
Maximum Rewards Unlimited 10x miles per dollar on hotels and rental cars booked through Capital One Travel.

Unlimited 5x miles on flights booked through Capital One Travel.

5/5
Everyday Rewards Unlimited 2x miles per dollar on every purchase. 5/5
On FIRE Score 4.6/5

 

What is the Venture X Business Card?

 

The Venture X Business Card offers tons of business rewards and travel benefits for entrepreneurs. But this isn’t a regular credit card—it’s a charge card.

With a charge card like Venture X, you need to pay off your balance in full every month, instead of carrying debt. But this isn’t necessarily a drawback. 

A charge card won’t limit your spending with a preset credit limit, so you have the flexibility to make large purchases for your business whenever you want. 

 

How Does the Venture X Business Card Work?

 

I would say the card_name redefines business travel—it gives the modern entrepreneur a blend of luxury, convenience, and unmatched rewards. 

 

 

It’s a seamless translation of the OG card_name. And while the annual fee is set at $395, the perks far outweigh the cost. 

 

Here’s what the reward rates look like:

  • 10x miles on hotel and rental car bookings through Capital One Travel.
  • 5x miles on flights booked through Capital One Travel.
  • 2x miles on all other purchases.

The redemption value for these miles can go up to 1 cent per mile through Capital One Travel or an average of 2 cents with the right transfer partner.

 

Other cardholder perks you can access include:

  • Travel perks like a $300 annual travel credit, statement credits for TSA PreChecks, access to over 1,300 airport lounges, experience credits for eligible hotel stays, and more.
  • Business and security Venture X perks like free employee cards, $0 liability for unauthorized charges, security alerts, card locks for lost cards, and 24/7 account security monitoring.

 

Venture X Business Card Fees

 

Details Metric
Annual fee annual_fees
Sign-up bonus bonus_miles_full
Intro APR intro_apr_rate,intro_apr_duration
Purchase APR  [reg_apr,reg_apr_type
Balance transfer APR  balance_transfer_rate
Cash advance fee cash_advance_fee
Balance transfer fee balance_transfer_fees
Foreign transaction fee foreign_transaction_fee
Late fee late_payment_fee

 

Venture X Business Card: Pros and Cons

 

Here’s a glance at all the pros and cons of getting this Capital One business credit card:

 

Pros

  • Generous intro offer of 300,000 bonus miles.
  • High rewards rate ranging from 10x to 2x miles.
  • Business perks like free employee cards and virtual card numbers.
  • Cool travel perks, annual credits, and lounge access.
  • Annual loyalty rewards.
  • Flexible credit limit.

 

Cons

  • High $395 annual fee.
  • Late fee if you don’t pay the balance in full.

 

Why I like it

 

Generous intro offer

 

The Venture X sign-up bonus is exciting—you can accumulate 150,000 miles when you make $30,000 in purchases within the initial three months of using the card. 

The spending thresholds are definitely on the higher side but the rewards are equally impressive.

 

High rewards rate

With Venture X Business, you get a generous 10 miles per $1 on hotels and rental cars, 5 miles per $1 on flights, and 2 miles per $1 on other eligible purchases.

For comparison, card_name gives you only 5x points on flights and prepaid hotels booked on AmexTravel.com.

Plus, Venture X Business Card’s base rate is twice as high as that of most rewards credit cards for everyday expenses. This makes up for the card’s lack of more category bonuses.

Looking for more rewards? Check out the best cash back credit cards

 

Tons of business perks

You can unlock a range of Capital One Venture X benefits, including:

  • Complimentary additional employee cards.
  • Tailored spending limits for your team.
  • Virtual card numbers for enhanced security.
  • Convenient purchase records that seamlessly integrate with Quicken, QuickBooks, and Excel.
  • Flexibility to select your monthly due date.
  • Scheduled automatic payments.
  • The option to add dedicated account managers.
  • The ability to schedule vendor payments online at a 2.9% fee when a merchant doesn’t accept credit card payments.

Take a look at the best business credit cards for more options.

 

Cool travel perks

Experience top-tier travel perks with the Venture X Business Card:

  • Receive reimbursement for the initial $300 spent on Capital One Travel purchases annually through the Capital One annual travel credit.
  • Celebrate your first card anniversary with a bonus of 10,000 Capital One air miles, valued at up to $100 in travel through Capital One Travel.
  • Bag a complimentary membership in the Priority Pass and Capital One Lounge networks, with the ability to bring two additional guests for free (extra guests may require a nominal fee).
  • Enjoy up to $100 in credits every four years for Global Entry or TSA PreCheck application fees. If you already possess these credentials, use the credit to reimburse the fee for another employee.
  • As a Venture X cardholder, whether personal or business, you get exclusive entry into the Capital One Premier Collection—an assortment of luxury hotels and resorts worldwide.

Learn more about credit card perks like travel insurance benefits.

 

No set credit limit

Given that the Venture X Card is a charge card, you can leverage the fact that it has no set spending limit. This feature can give you some much-needed flexibility for substantial business purchases. 

 

Why you may want a different card

 

High annual fee

Venture X Business carries a $395 annual fee. Now, if you’re looking at this card as a business credit card alone, this number can seem pricey. After all, other top business cards like the card_name and card_name come with little to no annual fees. 

But when you shift perspectives and look at the Venture X Business as a premium travel card (which it is, especially given the travel perks)—you’ll probably conclude that the fee is worth it. 

For instance, The Business Platinum Card from American Express will set you back by $695 annually, for similar perks.

I advise that you carefully consider if you’ll use all the benefits this card offers before judging if it’s worth the annual cost. 

 

Late fee

Sure, a charge card gives you unlimited spending limits, but it also requires you to pay off the entire balance each month to avoid incurring late fees. These fees amount to 2.99% of the unpaid portion of your minimum payment.

This will bother you if you’re used to traditional credit cards that let you carry a balance over time.

 

How to Maximize Venture X Business Card’s Rewards

 

Our Verdict

4.6
Welcome Bonus
N/A (can't find this in QMP)
Annual Fee
annual_fees
Regular APR
reg_apr,reg_apr_type
Credit Score
credit_score_needed

 

There are plenty of ways to earn and redeem Venture X miles. Here’s a detailed breakdown—

 

Earning miles using the Venture X Business Card

Everyday purchases will make you a solid 2x Venture miles no matter where you swipe. But the real trick to maximizing returns is spending on travel.

Buying flight tickets on the Capital One Travel portal will earn 5x Venture miles, whereas spending on hotels and rental cars will make 10x miles.

 

Redeeming points to get maximum benefits

Starting simple—you can use your Venture Miles to cover your buys. Charge a flight, hotel, or any travel expense with your Venture X Business Card, and wipe it off your statement using miles.

When you book through Capital One’s travel portal every mile packs a punch, with a 1 mile = 1 cent valuation. So, 100,000 Venture Miles can translate to $1,000 for travel. 

 

But wait, it gets better.

Capital One is continuously working on a weak spot I’ve criticized previouslyits transfer partner program. Currently, you can shift your miles to 18 different airline and hotel programs, mostly on a 1:1 basis. That means your 100,000 Venture Miles could morph into 100,000 British Airways Avios, Turkish Airlines Miles & Smiles, or Air Canada Aeroplan Miles.

Beyond travel perks, you can use your Venture miles on thousands of experiences like sports events and concerts through Capital One Entertainment. If that’s not your jam, there are still practical options like trading your rewards for cash or gift cards.

And now, the burning question…

 

Are these benefits enough to justify Venture X Business’s annual fee?

I’ll give it to you straight—if you’re a frequent business traveler, this card is one of the best picks for you.  

The sign-up bonus alone is more lucrative than what most other business travel cards offer. Using the welcome bonus for travel bookings through the Capital One travel portal can offset the annual fee multiple times over.

Even after the first year, the ongoing rewards and benefits make the annual fee worthwhile. The annual Venture X travel credit and anniversary bonus miles will give you around $400 in value each year.

Here’s a hypothetical example of what your first year and ongoing benefits will look like if you spend around $50,000 a year (at a 1-cent-per-mile redemption value).

 

Capital One Venture X Card Benefits First-year value Ongoing value (with no welcome bonus)
Estimated yearly rewards for a card spend worth $50,000/year $1000+ $1000+
Welcome bonus $1,500 (150,000 bonus miles after spending $20,000 during the first three months and an additional 150,000 miles once you spend $100,000 in the first 6 months, assuming a redemption value of one cent per mile).
Perks  $300 Capital One travel credit

$469 (Priority Pass Select membership)

$100 (10,000-mile account anniversary bonus)

$100 (experience credit for eligible stays at Premier Collection hotels and resorts)

$50 (experience credit for eligible stays Lifestyle Collection hotels)

$25 (up to $100 application fee credit for Global Entry or TSA PreCheck every four years)

$300 Capital One travel credit

$469 ((Priority Pass Select membership)

$100 (10,000-mile account anniversary bonus)

$100 (experience credit for eligible stays at Premier Collection hotels and resorts)

$50 (experience credit for eligible stays Lifestyle Collection hotels)

$25 ( up to $100 application fee credit for Global Entry or TSA PreCheck every four years)

Annual fee – $395 – $395
Total value $3,149 $1,649

 

Best Credit Cards to Pair With the Venture X Business Card

 

Here are two cards I think would pair perfectly with this Capital One Small Business Credit Card:

 

Capital One Savor Cash Rewards Credit Card

If you’re all about earning cash back on dining, entertainment, streaming, and groceries, this card is a clutch. It pairs nicely with the Capital One Venture X Business Card too. 

The card_name earns straight 4% cash back on dining. While this is valuable on its own, you can transfer those rewards to Venture X miles at a 1:1 rate. So your cash back gets way more valuable when you can use it for flights and hotels instead.

 

Amex Gold Card

This one is a combo strategy that lets you optimize your rewards across major spending categories.

The card_name gives you 4x Membership Reward Points per dollar at restaurants worldwide and U.S. supermarkets, up to $25,000 in spending each year. Plus, you make 3x points on flights booked directly through airlines or Amex Travel. 

Here’s how you can maximize both: Use the Gold card for dining and grocery spending to earn 4x and 3x points in those categories. Use the Venture X Business card for all other purchases to earn 2x miles. 

 

Alternatives to the Venture X Business Card

 

Here’s how the Venture X Business Card compares to similar credit cards—

 

card_name
Score: 4.6
card_name
Score: 4.4
card_name
Score: 4.6
Annual fee
annual_fees
Annual fee
annual_fees
Annual fee
annual_fees
Intro APR
intro_apr_rate,intro_apr_duration
Intro APR
intro_apr_rate,intro_apr_duration
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Regular APR
reg_apr,reg_apr_type
Regular APR
reg_apr,reg_apr_type
Bonus Intro Rewards
bonus_miles_full
Bonus Intro Rewards
bonus_miles_full
Bonus Intro Rewards
bonus_miles_full

 

Venture X Business Card: Useful Links

 

 

Venture X Business Card Reviews

 

 

These customer reviews will give you a better insight into the Venture X Business Card:

“While you have to pay a $395 annual fee, the anniversary bonus and $300 travel credit more than offsets it, and you also get access to the excellent lounge benefits and 2x everywhere earning.”

“It’s definitely not for everyone. You would have to have a business where you put big spending monthly for your business. The welcome offer is clutch, but the $50k spend, sheesh.”

 

Is the Venture X Business Card Good for Me?

 

If you want a straightforward card to maximize rewards for your business travel expenses, the Capital One Venture X Business is primo.

You’ll earn a whopping 10x miles on hotels and car rentals booked through Capital One’s portal. Flights booked that way get you 5x miles. And it’s 2x miles on everything else your business spends.

For travelers, the perks are great. You get unlimited airport lounge access via Priority Pass and Capital One’s lounges. And you can even bring a guest or two for free.

There are no foreign transaction fees, a $300 annual travel credit, and 10,000 bonus miles each year on your account anniversary.

Yes, the $395 Venture X annual fee is a bit of a bummer. But with all those rewards and benefits, it’s so worth it if you travel a lot for work.

Apply for the card_name

If that fee makes you sweat, the card_name could be a better fit. No annual fee, a solid welcome bonus, and 1.5% cash back on every purchase—can’t beat that for a basic business card.

 

FAQ

 

Is the Capital One Venture X a Visa or Mastercard?

The Venture X Business Card is a World Elite Mastercard. Perks include additional merchant offers, World Elite Concierge, rental car status, a ShopRunner membership, access to the Mastercard Luxury Hotels and Resorts Portfolio, and cell phone protection.

 

Who can apply for the Venture X Business Card?

Getting a Venture X Business card doesn’t demand a full-scale operation or hefty business revenues. Sure, a thriving business might increase your chances of securing the card’s welcome offer, but it’s not a prerequisite. 

Even with a part-time gig, freelancing, or selling on platforms like Etsy, Facebook Marketplace, or Craigslist, you can qualify. Many Americans unknowingly run small businesses by these standards.

In essence, if you’re selling goods or services, aiming for profit, you’ve got a small business, making you typically eligible for a small business credit card. 

But remember, honesty is key when applying for a business credit card—legitimacy matters, even if it’s a one-person show.

Take a look at the best business credit cards for more options. 

 

How much income do you need to qualify for the Capital One Venture X Business Card?

Capital One doesn’t publicly disclose the specific criteria for credit card eligibility. However, in the case of the Capital One Venture X Business Card, it makes sense to have a higher income or substantial business expenses to meet the qualifications. 

This is especially relevant because to enjoy the generous welcome offer of 150,000 miles, you need to spend $30,000 on purchases within the first three months. 

If this seems beyond your budget, explore more affordable business credit card options, such as the card_name.

 

How does Capital One verify income?

To verify your income, Capital One requires you to submit your W-2 forms from the previous two years and your most recent pay stub. 

The pay stub should be computer-generated, displaying year-to-date earnings and taxes withheld. It must be unaltered and issued within 40 days of the faxed date.

 

What is the highest credit limit for the Capital One Venture X Business Card?

The Capital One Venture X Business Card differs from traditional credit cards as it functions as a charge card. This means it doesn’t come with a fixed Capital One business credit line.

With charge cards, it’s essential to settle the entire balance each month to avoid potential late fees.

 

What is the Capital One six-month rule?

Capital One imposes a strict rule concerning the timing of credit card applications. You can only receive approval for one card every six months, whether it’s a personal card or a small business card.

 

Our Methodology

 

Our credit card reviews aim to provide a comprehensive assessment of both quantitative and qualitative factors. The quantitative analysis focuses on the financial costs and benefits associated with each card, including interest rates, fees, rewards programs, cash back offers, and other monetary perks. However, we also consider qualitative aspects that impact the everyday use and value of the card. These include the simplicity of the application process, the structure of the rewards program, the likelihood of utilizing certain card features, and the suitability of the card for frequent or infrequent use. Our On FIRE rating system allows for quick comparisons between cards within a particular category. When choosing a new credit card, consumers should weigh the quantitative dollar amounts along with qualitative ease-of-use factors to select the best overall option for their needs.

 



 

Terms and Restrictions Apply
Physician on FIRE has partnered with CardRatings for our coverage of credit card products. Physician on FIRE and CardRatings may receive a commission from card issuers.
Some or all of the card offers that appear on the website are from advertisers. Compensation may impact on how and where card products appear on the site. POF does not include all card companies or all available card offers. Credit Card Providers determine the underwriting criteria necessary for approval, you should review each Provider's terms and conditions to determine which card works for you and your personal financial situation.
Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

User-Generated Content Disclosure: Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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