Capital One Venture X Business vs. Chase Sapphire Reserve for Business: Affordable luxury vs. ultrapremium
It's worth reserving a spot in your wallet for a premium business card (or two).
The right option can provide lounge access, a great welcome bonus, useful statement credits and strong protections. The wrong choice, however, can leave your bottom line needlessly burdened by an annual fee you aren't getting any value out of.
With the $795 Chase Sapphire Reserve for Business℠ (see rates and fees) being the most expensive business card from any of the major issuers, it's reasonable to wonder if the much-cheaper $395 Capital One Venture X Business is a better fit for your wallet.
Both of these cards provide statement credits, lounge access and solid earning rates to help entice prospective cardholders and keep existing ones.
The Venture X Business offers a greater degree of simplicity with its benefits, while the Sapphire for Business is a great fit for business owners who like fine-tuning their finances.
Let's get down to the nitty-gritty of these cards so you can decide which is best for you.
Capital One Venture X Business vs. Chase Sapphire Reserve for Business comparison
Card | Capital One Venture X Business | Chase Sapphire Reserve for Business |
|---|---|---|
Annual fee | $395 | $795 |
Earning rates |
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Welcome bonus | Earn up to 400,000 bonus miles: 200,000 miles after spending $30,000 on purchases in the first three months from account opening, plus an additional 200,000 miles after spending $150,000 on purchases in the first six months. | Earn 200,000 bonus points after spending $30,000 in the first six months of account opening. |
Key benefits |
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Lounge access |
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Capital One Venture X Business vs. Chase Sapphire Reserve for Business welcome offer
Both of these cards offer new cardholders the chance to earn more points or miles than virtually any other card available right now. The catch, however, is that they both have rather excruciating spending requirements.
With the Venture X Business, new cardholders can earn up to 400,000 bonus miles: 200,000 miles after spending $30,000 on purchases in the first three months from account opening, plus an additional 200,000 miles after spending $150,000 on purchases in the first six months.
According to TPG's July 2025 valuations, that's up to $7,400 in value when those miles are transferred to partners.
The Sapphire Reserve for Business offers new cardholders 200,000 points after spending $30,000 in the first six months of account opening.
According to TPG's July 2025 valuations, 200,000 Chase Ultimate Rewards points are worth $4,100.
Note that Chase's new eligibility requirements for the welcome bonuses on its consumer Sapphire cards don't apply to the Sapphire Reserve for Business. So, even if you already have one or both of the consumer Sapphire cards, you can earn the welcome bonus on this card.
If you're only interested in earning the first tier of the Venture X Business offer, you might be better off earning the 200,000 points with the Sapphire Reserve for Business as you have double the amount of time to spend toward the bonus. If your business spends enough in six months to earn the full Venture X Bonus offer, however, it's worth going that route to maximize your earnings.
If you expect to struggle to meet either cards spending requirements, it may be worth waiting for an offer with a lower spending threshold or considering another card.
Winner: Venture X Business. Even with the tremendous spending requirements, it offers outsized value compared to the Sapphire Reserve for Business.
Capital One Venture X Business vs. Chase Sapphire Reserve for Business benefits
Here's where things really start to get interesting between these two cards.
With its $395 annual fee, the Venture X Business offers fewer benefits than the $795 annual fee Sapphire Reserve for Business. However, those benefits are simpler to track and suited to a wider range of businesses.
Statement credits
The Venture X Business only offers two notable statement credits: A Global Entry/TSA PreCheck credit and an annual $300 Capital One Business Travel credit.
The Sapphire Reserve for Business asks cardholders to break out the spreadsheet to keep track of all its credits:
- $300 travel credit: This credit is identical to the Chase Sapphire Reserve®'s (see rates and fees) beloved travel credit. It can be used for a wide range of purchases, not just those booked through Chase Travel.
- $500 annual The Edit credit (minimum two-night stay required, up to $250 biannually): The Edit is Chase's luxury hotel collection. In addition to this statement credit, cardholders will get a $100 on-property credit, early check-in, late checkout and more.
- $120 statement credit for Global Entry, TSA PreCheck or Nexus: I always advise going for Global Entry since it includes TSA PreCheck, so I don't knock the Venture X Business here for not covering Nexus with its credit.
- Complimentary DoorDash DashPass membership and up to $25 each month in DoorDash promos (activate by Dec. 31, 2027)
- Up to $200 annual Google Workspace credit (ends Dec. 31, 2027)
- Up to $400 ZipRecruiter credit (up to $200 biannually; ends Dec. 31, 2027)
- Up to $120 annual Lyft credit (up to $10 monthly; ends Sept. 30, 2027)
- Up to $100 Giftcards.com credit (up to $50 biannually; ends Oct. 31, 2028)
If your business uses these merchants already, then the Sapphire Reserve for Business is likely a better fit for you than the Venture X Business.
However, businesses that don't gravitate toward these merchants will struggle to find positive value out of the Sapphire Reserve for Business' annual fee.
While the Reserve for Business' $300 travel credit is much more flexible than the Venture X Business' $300 Capital One Business Travel credit, the Venture X Business' credit does a lot more to knock down its annual fee versus the Reserve for Business'.
Speaking of knocking down annual fees, the Reserve for Business' statement credits total $2,040 in value. That means businesses that can take advantage of them will recoup over twice the value back from their card's annual fee each year.
Related: Monthly checklist: Credit card perks and benefits you should be using this month
Lounge access
Lounge access is a coveted benefit for premium cardholders.
The Reserve for Business and the Venture X Business both satisfy here, with each card providing a Priority Pass Select membership and access to its issuer's network of lounges.
Capital One's lounge network is smaller than Chase's lounges at the moment, but your preference will come down to which airports you fly through most often.
You can bring two guests into Sapphire lounges for free with your Reserve for Business, but the Venture X Business will no longer offer this as a benefit for Capital One lounges as of Feb. 1, 2026 (unless you spend $75,000 in a calendar year).
Other benefits
The Venture X Business doesn't provide hotel status, while the Sapphire Reserve for Business grants cardholders complimentary IHG One Rewards Platinum Elite status (through Dec. 31, 2027).
If you spend at least $120,000 on your card in a year, you'll be upgraded to IHG One Rewards Diamond Elite status.
You'll also gain a $500 The Shops at Chase credit, a $500 credit for Southwest Airlines flights booked through Chase Travel and Southwest Rapid Rewards A-List status.
Even though Venture X Business cardholders don't receive any special benefits for spending a certain amount, I don't consider this a win for the Reserve for Business. These extra perks are lackluster for the exorbitant spending requirement.
One of my favorite benefits of the Venture X Business is something the Reserve for Business can't match: a 10,000-mile anniversary bonus. You'll receive this regardless of how much you spent the previous year. According to TPG's July 2025 valuations, those 10,000 miles are worth $185.
Both cards are fairly aligned on protections. They both offer trip delay insurance, lost baggage insurance, purchase protection, cellphone protection and extended warranty.
The Sapphire Reserve for Business offers a few extra travel protections, such as travel accident insurance and emergency medical and dental coverage, plus return protection.
The Venture X Business offers ride-hailing protection, a rarity on premium cards.
Winner: Tie. Using the Venture X Business' benefits requires less work, but the Sapphire Reserve for Business has more extensive travel protection and many more statement credits.
Related: The 5 easiest travel credits to redeem
Earning rewards with the Capital One Venture X Business vs. Chase Sapphire Reserve for Business
Both cards hit the same categories, but the Sapphire Reserve for Business offers more earning categories beyond what the Venture X Business has.
With the Venture X Business, you'll earn:
- 10 miles per dollar spent on hotels and rental cars booked through Capital One Business Travel
- 5 miles per dollar spent on flights booked through Capital One Business Travel
- 2 miles per dollar spent on all other purchases
On the other side, the Reserve for Business earns:
- 8 points per dollar spent on all Chase Travel purchases
- 5 points per dollar spent on Lyft (through Sept. 30, 2027)
- 4 points per dollar spent on flights and hotels booked directly
- 3 points per dollar spent on social media and search engine advertising
- 1 point per dollar spent on all other purchases
Neither of these cards earns significant rewards per dollar spent on office supplies, internet, cable or phone services.
I really appreciate the Reserve for Business' lack of a spending cap for its advertising category since this is a common barrier issuers (including Chase) often put on their business cards.
For nonbonus spending, the Venture X Business is the clear winner with 2 miles per dollar spent.
If you don't spend a lot in the Reserve for Business' categories, the Venture X Business can still earn you a heap of rewards. That said, most businesses will get a lot of use out of the Reserve for Business' roster of categories.
Winner: Sapphire Reserve for Business. It offers more spending categories, including a rare uncapped advertising category.
Related: Maximizing credit cards to become points-rich without spending a ton
Redeeming rewards with the Venture X Business vs. Chase Sapphire Reserve for Business
Here at TPG, we preach about prioritizing transfer partners over any other redemption method. That rings true here as well.
If transfer partners aren't your style, you have other options. With the Venture X Business, you can redeem your miles for:
- Booking travel through Capital One Business Travel
- Covering recent travel purchases
- Gift cards
- Amazon and PayPal purchases
- A statement credit or check
Meanwhile, Sapphire Reserve for Business cardholders can redeem their points for the following:
- Chase Travel bookings
- Gift cards
- Amazon purchases
- Apple purchases
- Statement credits
Generally, these options will yield a lower redemption value than TPG's target value for these rewards currencies.
The only exception is when you make eligible bookings through Chase Travel using Chase's Points Boost feature.
With the Sapphire Reserve for Business, your points could be worth as much as 2 cents per point, depending on the booking you're making. That's close to TPG's July 2025 valuation of Chase points at 2.05 cents per point.
Winner: Sapphire Reserve for Business. Points Boost offers the chance to get more value out of your rewards than any other redemption option, aside from transferring your rewards to partners.
Related: Why Chase's Points Boost is an outstanding (kind of surprising) new way to book hotels on points
Transferring rewards with the Capital One Venture X Business vs. Chase Sapphire Reserve for Business
The transfer partner battle mainly comes down to which issuer offers the partners you prefer to redeem with.
For example, if you primarily fly domestically, you'll want to look for an issuer that partners with the most domestic airlines.
Capital One currently offers the following transfer partners:
- Aeromexico Rewards
- Air Canada Aeroplan
- Air France-KLM Flying Blue
- Avianca LifeMiles
- British Airways Club
- Cathay Pacific Asia Miles
- Emirates Skywards
- Etihad Guest
- EVA Air Infinity MileageLands
- Finnair Plus
- JetBlue TrueBlue
- Qantas Frequent Flyer
- Singapore KrisFlyer
- TAP Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red
- Accor Live Limitless
- Choice Privileges
- Wyndham Rewards
Of these transfer partners, Chase lacks most of them. Chase and Capital One only share Air Canada Aeroplan, Air France-KLM Flying Blue, British Airways Club, Emirates Skywards, JetBlue TrueBlue and Singapore KrisFlyer between them.
In exchange for what they don't have, Chase offers:
- Aer Lingus AerClub
- Iberia Club
- Southwest Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
- IHG One Rewards
- Marriott Bonvoy
- World of Hyatt
As a major United Airlines and Hyatt fan, I'm partial to Chase's roster of transfer partners. But this choice is highly subjective, so make sure to carefully consider which partners your business can easily use.
We generally recommend transferring your points or miles to partners to get the most value out of your redemption.
TPG credit cards writer Augusta Stone recently redeemed 15,000 Capital One miles through Air France-KLM Flying Blue to book two one-way Delta Air Lines flights between Greenville-Spartanburg International Airport (GSP) and Detroit Metropolitan Wayne County Airport (DTW).
TPG senior credit cards editor Giselle Gomez scored seven nights at the Lindner Hotel Vienna Am Belvedere during peak summer (June) by transferring 56,000 Ultimate Rewards points to Hyatt. This would have otherwise cost her close to $1,300.
Winner: Tie. Both cards offer transfer partners that the other doesn't, so the ultimate choice comes down to personal preference.
Related: How I'm planning my transferable points strategy this year and how you can, too
Should I get the Capital One Venture X Business or Chase Sapphire Reserve for Business?
Although the Sapphire Reserve for Business wins in most of these categories, I recommend going with the Venture X Business if you don't regularly spend with the merchants covered by the Reserve for Business' credits.
If you spend heavily on advertising or with the merchants covered by the Reserve for Business' benefits, that card is the right choice for you.
Bottom line
The Venture X Business and the Sapphire Reserve for Business are two great options for businesses looking for a premium card.
Each has its own pros and cons, so it's important to carefully weigh them against each other before deciding.
If your business has the budget for two annual fees, it may even be worth opening both of these cards. I always advocate for dipping into multiple rewards ecosystems so you have access to the widest range of transfer partners.
Regardless of the path you choose, these two cards can unlock incredible travel experiences and business savings for you and your employees.
To learn more, check out our full reviews of the Venture X Business and the Sapphire Reserve for Business.
Learn more: Capital One Venture X Business
Apply here: Chase Sapphire Reserve for Business
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
TPG featured card
Rewards
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.