Capital One Venture X Business review: High earning rates and premium perks for businesses
Editor's Note
The Capital One Venture X Business is a compelling choice for collecting rewards on all business-related purchases and enjoying top-tier travel perks — all for a reasonable annual fee.
If you're a business owner looking for a fixed-rate rewards card to maximize multiple types of spending, there aren't many cards as straightforward on the market. However, you'll want to factor in whether you'd rather maximize bonus categories or receive more business-related perks. If so, you may be better off with another business card.
But with useful travel benefits and consistent earning rates, I see the Venture X Business as a great option for many. Card rating*: ⭐⭐⭐⭐½
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
Venture X Business: The basics
The Venture X Business is Capital One's top-tier travel rewards business card, earning transferable Capital One miles on purchases and providing solid benefits for cardholders. If you're familiar with the personal Capital One Venture X Rewards Credit Card, the business version is essentially identical in terms of earning and benefits.
The Venture X Business card's perks include airport lounge access and an annual $300 statement credit for bookings made through Capital One Business Travel.
The card earns at least 2 miles per dollar spent on most purchases, with a pair of bonus categories that only apply to certain purchases made within the Capital One Business Travel portal.
You can redeem the miles you earn to offset travel purchases at a 1 cent per mile value, or you can potentially unlock more value by leveraging one of Capital One's 15-plus transfer partners.
These perks come for a $395 annual fee — modest considering the card's competition.
Related: Is the Venture X Business worth the $395 annual fee?
Venture X Business pros and cons
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Venture X Business benefits
For a $395 annual fee, don't expect a long list of statement credits and extra benefits. However, the Venture X Business still provides excellent perks for business travelers.
Annual travel credit and bonus miles
These two benefits effectively offset the Venture X Business' annual fee on their own. The annual travel credit reduces the effective annual fee to $95 by slashing $300 off any booking made through Capital One Business Travel, the issuer's business travel portal.
I'd recommend using this statement credit for boutique hotel stays, car rentals or flights.
The Venture X Business also provides 10,000 bonus miles each year, beginning on your first anniversary. TPG's January 2026 valuations place the value of these miles at $185.
When you pair that value with the $300 travel credit, you receive $485 in total value, which more than offsets the card's annual fee.
Global Entry or TSA PreCheck application fee statement credit
Venture X Business cardholders receive up to $120 toward TSA PreCheck or Global Entry application fees. If you already have a card with this benefit, this perk is still useful. That's because you can use this credit for anyone as long as you pay the fee with your Venture X Business.
Lounge access
The Venture X Business provides access to Capital One's issuer lounge network to primary cardholders. These lounges are located at:
- Dallas Fort Worth International Airport (DFW)
- Denver International Airport (DEN)
- Dulles International Airport (IAD) near Washington, D.C.
- Harry Reid International Airport (LAS) in Las Vegas
- John F. Kennedy International Airport (JFK) in New York City
Cardholders also have access to Capital One Landings, a lounge concept that differs from traditional Capital One Lounges by offering two distinct spaces — one with full food, bar and seating areas and another grab-and-go coffee shop-style area:
- Ronald Reagan Washington National Airport (DCA) near Washington, D.C.
Capital One is planning to open an additional lounge at Charlotte Douglas International Airport (CLT) and a new Landing at LaGuardia Airport (LGA) in New York City.
Once Capital One enacts new lounge access policies on Feb. 1, you'll be able to add up to four authorized users with lounge access for $125 each. Primary cardholders will be able to bring in guests to Capital One lounges for free after spending at least $75,000 on their card in a calendar year.
You also receive unlimited access to 1,300-plus Priority Pass lounges worldwide for you and up to two guests.
Other benefits
There are multiple additional benefits cardholders can enjoy, including access to Capital One's Premier Collection and Lifestyle Collection hotels.
You'll also receive various travel and shopping protections, including:
- Emergency medical protection
- Extended warranty
- Lost luggage reimbursement
- Purchase protection
- Ride-hailing protection (a unique benefit that includes coverage for covered property incidents, accidental death and accidental medical events while using ride-hailing services)
- Trip delay reimbursement
Business-related benefits on the Venture X Business include the ability to add employee cards for no additional cost (lounge access costs $125 each), access to itemized spending reports and no preset spending limits (which means you have to pay your bill in full each month).
Finally, this is a great card to use abroad since it charges no foreign transaction fees.
Related: Should you transfer Capital One miles to partners or redeem directly for travel?
How to earn and use Capital One miles
Earning miles
The simple earning structure on the Venture X Business means you won't have to worry about whether your purchase falls in a bonus-earning category. You'll earn:
- 10 miles per dollar spent on hotels and rental cars booked through Capital One Business Travel (18.5% return based on TPG's January 2026 valuations)
- 5 miles per dollar spent on flights and vacation rentals purchased through Capital One Business Travel (9.25% return)
- 2 miles per dollar spent on all other purchases (3.7% return)
However, if you spend a significant portion of your business budget in specific areas such as shipping and advertising, you may find the lack of business-related bonus categories to be limiting.
Redeeming miles
You'll get the best value out of your miles when you transfer them to any of Capital One's 15-plus airline and hotel partners.
However, you can also redeem your miles simply at a flat rate of 1 cent per mile. Redemption examples include booking travel through Capital One Business Travel, redeeming miles as a statement credit to cover travel purchases and purchasing gift cards.
Carly Helfand, TPG's director of points, miles and credit card content, once redeemed 100,000 Capital One miles to take $1,000 off a last-minute Airbnb stay.
Transferring miles
The most valuable redemption option for your miles is to transfer them to a Capital One travel partner. You have 15-plus hotel and airline programs to choose from, including Air Canada Aeroplan, Choice Privileges and Singapore KrisFlyer.
I like to leverage SkyTeam alliance partners when transferring my Capital One miles. Last year, I transferred 15,000 miles to Air France-KLM Flying Blue (and paid $35 in taxes and fees) for two one-way domestic tickets from Greenville-Spartanburg International Airport (GSP) in South Carolina to Detroit Metropolitan Wayne County Airport (DTW) on Delta Air Lines for a wedding.
Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles
Where the Venture X Business could fall short
The Venture X Business may not be the best choice for every business owner. Here are some downsides worth considering:
- Capital One's issuer lounge footprint is smaller than some of its competitors.
- The $300 annual travel credit is limited to Capital One Business Travel purchases.
- There are no additional statement credits to maximize beyond the annual travel credit. (This could be a positive for cardholders who dislike "coupon-heavy" cards.)
- There are no business-related bonus categories, which may deter business owners who often spend in one specific area (such as advertising or general travel).
However, if you value simplicity and would prefer not to pay a sky-high annual fee, it would make sense to choose the Venture X Business as your travel rewards business card.
Venture X Business vs. Venture X Rewards
As mentioned previously, it's natural to compare the Venture X Business card to the personal Venture X card, as the two provide practically identical perks and earning rates.
However, there are two key considerations to weigh. The Venture X Business provides business perks, such as itemized spending reports, and the card's balance must be paid in full every month, since it has no preset spending limit. This is not the case with the personal Venture X.
Related: Capital One Venture X vs. Venture X Business: Small but important differences
When to apply for the Venture X Business
The Capital One Venture X Business is offering a limited-time tiered welcome bonus to those who can meet a lofty spending requirement. New applicants can earn up to 400,000 bonus miles:
- 200,000 bonus miles after spending $30,000 on purchases in the first three months from account opening
- An additional 200,000 miles after spending $150,000 on purchases in the first six months
According to TPG's January 2026 valuations, this welcome bonus is worth up to $7,400.
This is the highest bonus we've seen offered on this card. The previous best-ever bonus, which provided up to 350,000 bonus miles (no longer available), required a substantial $200,000 in spending.
This current offer still requires a high $150,000 spending requirement to fully maximize. The welcome bonus is best suited to established businesses that can organically spend the $150,000 required to earn the full bonus.
Related: How to apply for a Capital One business credit card
Other cards to consider instead of the Venture X Business
If you've decided against adding the Venture X Business, one of these cards might be a better fit:
- If you want to earn more on business spending: The Ink Business Preferred® Credit Card (see rates and fees) is great for purchases on travel and in common business spending categories. Plus, it has a lower $95 annual fee. To learn more, read our full review of the Ink Business Preferred.
- If you want more business benefits: The Business Platinum Card® from American Express provides broader airport lounge access and more statement credits than the Venture X Business. To learn more, read our full review of the Amex Business Platinum.
- If you want to earn cash back for business expenses: The Capital One Spark Cash Plus earns cash back instead of the Venture X Business' travel rewards. Both provide flat-rate earnings. To learn more, read our full review of the Spark Cash Plus.
For additional options, see our full list of the best business credit cards.
Bottom line
The Venture X Business is an excellent choice for business travelers who want to earn at least 2 miles per dollar spent on all purchases and enjoy a solid suite of travel-related benefits.
You won't find a long list of statement credits or bonus categories on this card, which makes it a great option for busy travel-focused business owners who want a card that's guaranteed to earn for a reasonable annual fee.
Learn more: Capital One Venture X 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.