Capital One Venture X Business review: Huge earning potential for a reasonable annual fee
Editor's Note
Capital One Venture X Business overview
The Capital One Venture X Business is the business version of the fan-favorite Capital One Venture X Rewards Credit Card. Like its personal counterpart, the Venture X Business offers luxury perks for a reasonable annual fee and an easy-to-understand earning structure. This is a great option for small-business owners who value simplicity. Card rating*: ⭐⭐⭐⭐½
* Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
Since its debut in 2021, the Capital One Venture X Rewards Credit Card has been a major player in the premium card space. It offers luxury benefits like airport lounge access and a valuable travel credit for a reasonable annual fee.
Since 2023, the business version of the card — the Venture X Business — has been available. It has the same $395 annual fee and many of the same benefits we've come to love in the Venture X. Key perks include generous airport lounge access, an annual travel credit and the option to add employee cards for no additional cost.
The major difference between the personal and business offerings is the welcome offer — with the business version offering a much more lucrative bonus.
TPG recommends an excellent credit score of 740 or above for this card.
Here's what you need to know if you're considering applying for the Capital One Venture X Business.
Capital One Venture X Business pros and cons
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Capital One Venture X Business welcome offer
The Capital One Venture X Business is offering a welcome bonus to those who can meet its high spending requirement. New applicants can earn 150,000 bonus miles after spending $30,000 in the first three months of account opening
It's worth $2,775, according to our April 2025 valuations.
This welcome bonus is best suited to businesses that can meet the $30,000 minimum spending requirement organically.
Related: How to apply for a Capital One business credit card
Capital One Venture X Business benefits
The Venture X Business has many of the same perks that have made its personal counterpart so popular. As a cardholder, you'll get:
- A $300 credit annually for travel booked through Capital One Business Travel
- 10,000 bonus miles each year at your cardmember anniversary, worth $185 based on TPG's April 2025 valuations
These two benefits alone more than offset the card's $395 annual fee.
You'll also receive the following perks:
- Unlimited access to Capital One lounges — currently open in Dallas Fort Worth International Airport (DFW), Denver International Airport (DEN), Dulles International Airport (IAD) near Washington, D.C., and Harry Reid International Airport (LAS) in Las Vegas — and Capital One Landings — currently open in D.C.'s Ronald Reagan Washington National Airport (DCA) — as well as 1,300-plus Priority Pass lounges worldwide for you and up to two guests
- Access to Capital One's Premier Collection and Lifestyle Collection hotels
- An up to $120 statement credit for Global Entry or TSA PreCheck
- Employee cards for no additional cost
- No foreign transaction fees
Related: A complete guide to Capital One's airport lounges
Earning miles with the Capital One Venture X Business
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 and vacation rentals purchased through Capital One Business Travel
- 2 miles per dollar spent on all other purchases
This simple earning structure means you won't have to worry about whether your purchase falls in a bonus-earning category.
However, suppose you spend much of your business budget on categories like shipping and advertising. In that case, you might find that you'll get a better return on your spending with a different business credit card.
Related: How to pick a strategy for your small-business credit cards
Redeeming miles with the Capital One Venture X Business
Your most valuable redemption option is to transfer your miles to any of Capital One's 15-plus airline and hotel partners.
However, you can also redeem your miles to book travel through Capital One Business Travel, for a statement credit to cover travel purchases or to purchase gift cards at a flat rate of 1 cent per mile.
Related: Should you transfer Capital One miles to partners or redeem directly for travel?
Transferring miles with the Capital One Venture X Business
Again, the most valuable redemption option is to transfer your miles to one of Capital One's travel partners. You have 15-plus hotel and airline programs to choose from, including Air Canada Aeroplan, Singapore KrisFlyer and Choice Privileges.
Matt Moffitt, a contributing editor for TPG, likes to transfer his miles to Air France-KLM Flying Blue to get good value from booking business-class flights to Europe and British Airways Club for nonstop American Airlines flights within the U.S.
Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles
Which cards compete with the Capital One Venture X Business?
If you want more business-related perks or don't spend enough to earn the welcome bonus on the Venture X Business, one of these cards might be a better fit:
- If you want a valuable bonus for a lower spending requirement: The personal Capital One Venture X has the same annual fee and many of the same perks as the business version, making it a great alternative if the Venture X Business' spending requirement is too high. To learn more, check out our full review of the Venture X.
- If you want to earn more on business spending: The Ink Business Preferred® Credit Card is great for purchases on travel and in common business spending categories. Plus, it has a much lower $95 annual fee. To learn more, check out our full review of the Ink Business Preferred.
- If you want more business benefits: The Business Platinum Card® from American Express comes with valuable travel benefits like comprehensive airport lounge access and a ton of statement credits to elevate your lifestyle and travel. To learn more, check out our full review of the Amex Business Platinum.
For additional options, see our full lists of the best business credit cards and the best travel rewards credit cards.
The information for the Ink Business Preferred has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Related: Capital One Venture X vs. Venture X Business: Small but important differences
Bottom line
The Capital One Venture X Business is a great option for small-business owners who put a significant amount of spending on their credit cards and want the simplicity of a flat earning rate on all their purchases.
However, those who won't meet the spending requirement to earn the card's welcome bonus or want to earn more in specific business categories should opt for a different business card.
Learn more: Capital One Venture X Business
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.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.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.