Business Travel Rewards Credit Card

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Business Travel Rewards Credit Card

In late 2021, Capital One unveiled the Capital One Venture X Rewards Credit Card, the issuer’s top-of-the-line luxury travel card with an annual fee of $395. This card has become very popular since its release due to its welcome bonus and great travel benefits, including Priority Pass lounge access, $300 annual travel credit, access to luxury hotels in the Premier Collection portfolio and more. .

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On September 12, Capital One released a business version of the Venture X card that offers many of the same benefits.

Capital One Venture X Business charges the same annual fee and has the same bonus categories. However, the Venture X Business also differs from the personal version of the card in several ways.

For one, only small businesses can qualify for Capital One Venture X Business. Venture X Business also has no upfront spending limit and is a pay-in-full card that requires you to pay off your balance in full each month (or you’ll incur late fees).

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Perhaps the most important difference between these two cards is that the Capital One Venture X Business currently offers a larger welcome bonus but has a minimum spend requirement.

Let’s take a look at all the different features of the Capital One Venture X Business Card so you can decide if this card is right for your small business.

To qualify for a business credit card, you need to be a small business owner. However, the legal definition of a small business owner is broad. And you might be a small business owner even if you don’t think you are.

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That last business organization, a sole proprietorship, covers almost any money-making endeavor you might engage in from selling on eBay to babysitting to driving for Uber or DoorDash.

So, as you can see, if you engage in almost any money-making activity, you are considered a small business owner and most likely qualify for a business credit. However, if you want to qualify for the Venture X Business Card, you will need to be a small business owner and also have excellent credit.

The welcome bonus for this card varies, but it is one of the largest welcome bonuses available in the credit card industry today, but due to the high minimum spending requirements, it may be unsuitable for a large portion of small business owners. .

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You can earn points through the Capital One travel portal, which offers a value of 1 cent per mile. However, by transferring miles to one of Capital One’s airline transfer partners, you should get more than 1 cent per mile in value.

To compare this to another premium business credit card, see how it stacks up to The Business Platinum Card® from American Express (see Rates and Fees). This is the highest-rated business card from American Express, and it has an annual fee of $695. The minimum spend requirement to receive the bonus is usually only half of the spend requirement of the Venture X Business Card.

Still, if you run a business with large monthly expenses, then signing up for a Venture X Business Card and earning a welcome bonus is a great way to accumulate a lot of Capital One miles quickly.

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After spending $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of card membership

Unlike most credit cards, the Venture X Business Card has no upfront spending limit. Instead, this card “customizes your needs based on spending behavior, payments, credit profile and other factors.”

In all likelihood, this means that Capital One uses some sort of algorithm that automatically sets spending limits for Venture X business cards based on the above list.

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It’s not entirely clear whether this is good or bad for cardholders. On the one hand, this means that you can get your credit limit raised without having to request it. On the other hand, having a credit limit that fluctuates frequently will make it difficult to keep track of your credit utilization ratio, which is an integral part of your credit score.

The Venture X business card offers exactly the same bonus categories as the personal version. That means you’ll earn 2X the baseline miles on every non-bonus purchase and higher bonuses for purchases made through the Capital One travel portal.

These bonus categories are often geared toward small business owners who book frequent travel and are willing to travel through the Capital One travel portal. If your business often books hotels and rental cars, then you can earn a ton of miles with a 10X bonus category.

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Plus, the baseline 2X miles on all purchases is pretty cool and will help you collect miles on all non-travel purchases.

However, for a card that charges a $395 annual fee, these bonus categories are pretty unimpressive. Travel is not a major expense category for many businesses, which means that these businesses will only be earning 2X miles on the vast majority of their purchases.

However, what the Venture X business card lacks in terms of its bonus categories, it makes up for with its other perks and benefits.

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On top of the miles you can get from the welcome bonus as well as the bonus categories offered by the Venture X Business Card, this card offers a host of other perks that are worth mentioning.

One of the best perks of the Venture X Business Card is its $300 annual credit for travel purchased through Capital One Travel. This credit can be used for flight, hotel and rental car purchases and is automatically applied when you make an eligible purchase. The credit can either be applied immediately at the time of purchase or it can take one to two billing cycles.

It’s also worth noting that, even if a travel credit is applied to a purchase through Capital One Travel, you’ll still earn 10X miles (for hotel and rental car purchases) or 5X miles (for flight purchases).

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Every membership anniversary, Venture X Business Cardholders will receive a bonus of 10,000 miles, starting with your first renewal. This bonus is worth at least $100 if redeemed through the Capital One travel portal at a rate of 1 cent per mile.

However, as mentioned earlier, you can get more value from your Capital One miles by transferring them to one of Capital One’s airline transfer partners. Therefore, this 10,000 mile annual bonus can be worth more than $100.

As a Venture X Business Cardholder, you will be entitled to unlimited complimentary access to Capital One’s partner lounge network for yourself and up to two guests. The partner lounge network includes all Priority Pass airport lounges (more than 1,300 worldwide), Plaza Premium Airport Lounges (more than 100 worldwide) and Capital One lounges.

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To gain access to Priority Pass and Plaza Premium Lounges, you must enroll in both programs separately (for free) using your Capital One Venture X Business Card number.

Two Capital One lounges are currently open: one at Dallas/Fort Worth International Airport (DFW) and one at Washington Dulles International Airport (IAD). Capital One has also announced the opening of another Capital One lounge at Denver International Airport in late 2023 and at several other airports around the world in the coming years.

Like most premium travel-focused credit cards, the Venture X Business Card offers a statement credit application fee for either TSA PreCheck or Global Entry. This credit will be automatically applied to your account when you pay the application fee for TSA PreCheck ($78) or Global Entry ($100).

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Global Entry membership lasts for five years and includes TSA PreCheck, so you’re probably better off applying for Global Entry.

Capital One has a portfolio of high-end luxury hotels and resorts called the Premier Collection that can only be booked by Venture X and Venture X Business cardholders through the Capital One travel portal. This collection includes private island retreats, penthouses in major cities around the world and secluded villages.

If you want to book a stay at a Premier Collection hotel or resort, you can simply log into the Capital One Travel Portal and click on the “Premier Collection” tab (which will only appear if you choose Venture X or Venture are X. business card holder). Enter your desired destination and travel dates, and you’ll be shown a list of results that match your search.

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