The Capital One Venture X Business Card will launch next week, and it looks very similar to the bank's popular premium credit card
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- Capital One will introduce the new Capital One Venture X Business Card next week.
- This card is a rebrand of the Capital One Spark Travel Elite card, which was only available through Capital One Relationship Managers.
- It's very similar to the personal Capital One Venture X Rewards Credit Card, except it's a charge card, not a credit card.
- Read Insider's guide to the best small-business credit cards.
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Last year, Capital One quietly launched a small-business rewards card available exclusively to clients with a Capital One Relationship Manager. The Capital One Spark Travel Elite card was noticeably similar to the issuer's premium credit card, the Capital One Venture X Rewards Credit Card, with parallel earning rates, travel benefits, and annual fees.
Now the cards are even more aligned. The Capital One Spark Travel Elite card will rebrand next week as the new Capital One Venture X Business Card.
Rolling out a small-business version of the popular Venture X Rewards Credit Card makes a lot of sense, since the cards are so similar. While there's no word on a new welcome bonus, the Capital One Spark Travel Elite card previously had an intro offer of 50,000 Capital One miles after spending $10,000 on purchases in the first three months, and 200,000 miles after spending $50,000 on purchases in the first six months.
But it's not all good news, because the Venture X Business Card won't be available to just anyone. As with its previous incarnation, you'll need to apply for the card through your Capital One Relationship Manager (they're like a liaison between business owners and the bank who help arrange accounts, loans, and other credit). There's no online application link.
Insider's Featured Small Business Cards
-
Ink Business Unlimited® Credit Card
Ink Business Cash® Credit Card
Earn unlimited 1.5% cash back on every purchase made for your business.
$900 bonus cash back after you spend $6,000 on purchases in the first three months from account opening
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases.
$900 bonus cash back after you spend $6,000 on purchases in the first three months from account opening
Here's what we know so far about the new Venture X Business Card.
We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Capital One Venture X Business Card arriving soon
Capital One Venture X Business Card
Rewards
Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel. Earn 5X miles on flights booked through Capital One Travel. Earn unlimited 2X miles on all other purchases.
Capital One Venture X Business Card
Rewards
Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel. Earn 5X miles on flights booked through Capital One Travel. Earn unlimited 2X miles on all other purchases.
Capital One Venture X Business Card
Details
Rewards
Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel. Earn 5X miles on flights booked through Capital One Travel. Earn unlimited 2X miles on all other purchases.
Recommended Credit
Excellent
Regular Annual Percentage Rate (APR)
no APR but a 2.99% monthly late fee if balance is not paid in full
Pros & Cons
Excellent earning rates and perks that offset the high annual fee
Premium benefits include travel statement credits and airport lounge access
No preset spending limit for flexibility
Balance must be paid in full each month to avoid a late fee
Only available to clients of Capital One Relationship Managers
Annual travel statement credits only apply to Capital One Travel purchases
Highlights
- The information related to the Capital One Venture X Business Card has been collected by Business Insider and has not been reviewed by the issuer.
- $395 annual fee
- Up to $300 in credits for bookings through Capital One Travel annually
- Receive 10,000 annual bonus miles after your first anniversary
- Balance must be paid in full to avoid a monthly 2.99% late fee
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
- Earn 5X miles on flights booked through Capital One Travel
- Earn unlimited 2X miles on all other purchases
One of the main differences between the Venture X Business Card and its personal sibling is that it's a charge card — that is, there's no preset spending limit, and you'll need to pay your card off in full each month to avoid a late fee.
Charge cards are handy for small-business owners because they allow the flexibility to make large purchases without running up against a credit limit. That said, no preset spending limit doesn't mean unlimited spending power — banks typically assess your credit profile, payment and purchase history, and other factors before approving big transactions.
Apart from that (and a yet-unknown welcome bonus offer), the Venture X Business Card is nearly identical to the Venture X Rewards Credit Card. Cardholders earn 10x miles on hotels and rental cars booked through Capital One Travel, 5x miles on flights booked through Capital One Travel, and unlimited 2x miles on all other purchases.
Both cards have similar benefits well, including:
- Up to $300 per year in travel statement credits toward Capital One Travel bookings
- Priority Pass, Plaza Premium, and Capital One airport lounge access
- 10,000-mile bonus each account anniversary (worth at least $100 in travel)
- Global Entry or TSA PreCheck application fee credit
The Venture X Business Card earns Capital One miles, just like the Venture X Rewards Credit Card and other cards such as the Capital One Venture Rewards Credit Card, Capital One Spark Miles for Business , and Capital One VentureOne Rewards Credit Card.
These miles are incredibly flexible, because you can either transfer them to over a dozen Capital One airline and hotel partners to book award travel, or redeem them for statement credits against eligible travel purchases made with your card at a rate of 1 cent per mile.
So far, there's no word on other card details, including the welcome bonus and specific travel or purchase protections.
If you don't have a Capital One Relationship Manager or don't qualify for a business credit card, all is not lost. The Capital One Venture X Rewards Credit Card is a much more accessible option, and its currently offering a big welcome bonus of 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening (worth around $1,275 in travel, according to Insider's valuations).
You can read our full Capital One Venture X Rewards card review for a closer look at what this top travel credit card has to offer.
Jasmin Baron is an editor at Insider, responsible for credit card coverage on Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF).Before joining the Insider team, she was a senior editor at The Points Guy and Million Mile Secrets, covering credit cards, points and miles, and loyalty programs. Her expertise in maximizing travel rewards grew from over two decades of experience in the aviation industry, including 18 years working as a pilot and flight instructor in her native Canada.You can reach Jasmin at [email protected]. Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Read our editorial standards.
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