Capital One just rolled out a business version of its popular consumer/personal Venture X Rewards Credit Card.
The Capital One Venture X Business launched with a massive welcome offer — and a huge difference from its consumer card counterpart.
Capital One Venture X Business
The Capital One Venture X Business offers new cardholders 150,000 bonus Miles — after they spend $30,000 within three (3) months of being approved for card membership.
Yes, $30,000. That’s not a typo. And you have only three months to hit that mark.
Now, that might be fine for some businesses. But I don’t remember ever seeing a minimum spending requirement that high.
Points-earning and features-wise, it’s pretty much the same build as the Venture X Rewards Credit Card. It’s annual $395 — just like the Venture X consumer/personal card.
- Points Earnings:
- 10X miles on hotels and rental cars booked through Capital One Travel
- 5X on flights booked through Capital One Travel
- 2X on all other eligible purchases
- $300 Statement Credit on Travel Purchases Booked Through Capital One Travel
- 10,000 Bonus Miles Each Anniversary Year
- Global Entry or TSA PreCheck® Statement Credit
- Premier Collection Hotels and Resorts Benefits
And this part is very important: charges must be paid off at the end of each billing cycle. Any outstanding balance is subject to a penalty fee. That’s a percentage of how much is currently on the card. You don’t want to do that.
Granted, we ideally pay our entire balance each month. Otherwise, the fees and interest can negate the travel benefits we enjoy. But life sometimes happens. And that can get expensive.
I love my Capital One Venture X Rewards Credit Card and use it for most non-bonused everyday spending (2X on each eligible purchase). Plus, it’s easy to earn back the annual fee — as it would be with this card, too.
But is this card worth adding?
Other, Better Options?
If you’re in the market for 150,000 bonus miles and can spend 30 large within three months, go for it. You’ll end up with at least 210,000 Capital One Miles between the bonus and organic spending.
But I personally won’t bite on this one. There are better, more affordable cards that suit me better.
For example, the no-annual-fee Blue Business® Plus Credit Card from American Express offers 2X Membership Rewards® on each eligible dollar spent on up to $50,000 in purchases each calendar year (then 1X). That’s my go-to.
I really like the earning structure on my Ink Business Cash® Credit Card (which also has a $0 annual fee):
- 5% cash back/5X Ultimate Rewards points on the first $25,000 spent in combined purchases each account anniversary year on these two categories:
- at office supply stores
- on internet, cable, and phone services
- Earn 2% cash back/2X on the first $25,000 spent in combined purchases each account anniversary year on these two categories:
- gas stations
- 1X all other eligible purchases and after the $25,000 thresholds have been met.
You can earn 100,000 bonus points with the Ink Business Preferred® Credit Card‘s welcome offer. Plus
- Earn 3X per eligible $1 on the first combined $150,000 spent on these categories:
- Internet, cable, and phone services
- Advertising purchases with social media sites and search engines
- Shipping purchases
That card features a $95 annual fee — but you can redeem points for a 25% bonus when booking travel through Capital One Ultimate Rewards travel service.
The Ink Business Unlimited® Credit Card helps fill in any gaps with 1.5%/1.5X back.
Capital One now offers out a business version of its Venture X Rewards Credit Card. The welcome offer is huge — but so is the minimum spending requirement. Plus, this is a pay-your-balance-in-full card. If that’s a problem for you, don’t get it. (And consider not getting any credit cards.)
I think there are some better options for small businesses — especially cards that feature lower (or no) annual fees and earn more points.
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.