Capital One Venture X Business vs. American Express Business Platinum Card: Which card should you venture toward?
Small-business owners seeking a business card have plenty of great options to choose from. But if you're looking for a business card that offers premium perks, you might want to consider two top options: the Capital One Venture X Business and The Business Platinum Card® from American Express.
Both cards earn their own respective transferable currency that business owners can use to book travel. The Venture X Business earns Capital One miles, while the Business Platinum earns Membership Rewards points.
The Venture X Business has a $395 annual fee, and the Business Platinum has a $895 annual fee (see rates and fees).
At first glance, you may assume the Business Platinum is the superior card since it has almost double the annual fee, but the Venture X Business carries its weight and even beats the Business Platinum in some categories.
Let's dive into which premium business card is right for your wallet.
Venture X Business vs. Amex Business Platinum comparison
| Venture X Business | Amex Business Platinum | |
|---|---|---|
Annual fee | $395 | $895 |
Welcome offer | Earn 150,000 bonus miles after spending $30,000 on purchases within the first three months from account opening. | Earn 200,000 bonus points after spending $20,000 on purchases within the first three months of card membership. |
Earning rates |
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Benefits |
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Lounge access |
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Statement credits |
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Travel protections |
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Purchase protections |
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*Eligibility and benefit level varies by card. Not all vehicle types or rentals are covered, and geographic restrictions apply. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company. Coverage is offered through American Express Travel Related Services Company, Inc.
**Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. If approved and coordinated by Premium Global Assist Hotline, emergency medical transportation assistance may be provided at no cost. In any other circumstance, cardmembers are responsible for the costs charged by third-party service providers.
***Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company.
****Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by New Hampshire Insurance Company, an AIG Company.
^Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details.
Venture X Business vs. Amex Business Platinum welcome offer
New applicants for the Venture X Business can earn 150,000 bonus miles after spending $30,000 on purchases within the first three months from account opening.
TPG's September 2025 valuations peg Capital One miles at 1.85 cents apiece, making this welcome offer worth $2,775.
New cardmembers for the Amex Business Platinum can earn 200,000 points after spending $20,000 on purchases within the first three months of card membership.
TPG's September 2025 valuations peg Membership Rewards points at 2 cents apiece, making this offer worth $4,000.
Winner: Amex Business Platinum. Its offer is worth more than Venture X Business with less spend required.
Related: Best welcome offers of the month
Venture X Business vs. Amex Business Platinum benefits
The benefits of these cards are where they really shine.
Shared benefits
Both cards have a similar standout benefit in lounge access. With the Venture X Business, you have access to Capital One's growing network of lounges (four lounges and one Capital One Landing). Plus, you'll receive a complimentary Priority Pass membership. The primary cardholder can bring in two guests for no additional charge.
With the Amex Business Platinum, you'll have access to the Global Lounge Collection, which includes entry to Centurion Lounges, Delta Sky Clubs*****, Escape lounges, Plaza Premium lounges and select Lufthansa lounges. You'll also receive a Priority Pass Select membership. Guest access varies by lounge, with some requiring a fee for guests and some not.
*****Eligible Platinum Card members will receive 10 visits per eligible Platinum Card, per year to the Delta Sky Club or to Grab and Go when traveling on a same-day Delta-operated flight.
Both cards also provide:
- Statement credits
- Travel and shopping protections
- Cellphone protection
- TSA PreCheck/Global Entry application fee credit
- Access to premium hotel booking portals with elitelike benefits and on-property credits
Venture X Business benefits
With the Venture X Business, cardholders receive:
- A $300 annual Capital One Business Travel credit
- 10,000 bonus miles on every account anniversary
- Primary rental car insurance
- Ride-hailing protection
Amex Business Platinum benefits
The Venture X Business provides cardmembers primary rental car insurance, whereas the Business Platinum provides secondary coverage for no additional charge*. You can opt for the premium car rental protection for a fee to get primary coverage.
With the Amex Business Platinum Card, members also receive:
- Up to $200 statement credit for airline fees (including incidental charges) per calendar year
- Up to $209 statement credit per calendar year for a Clear Plus membership (subject to auto-renewal)
- Up to $200 annual Hilton statement credit on eligible purchases (up to $50 per quarter), separate enrollment in Hilton for Business is required
- Up to $1,150 in statement credits per calendar year for U.S. Dell purchases: up to $150 each calendar year and an additional $1,000 statement credit after spending $5,000 on Dell purchases with the same card each calendar year
- A $250 statement credit after spending $600 or more on U.S. purchases with Adobe each calendar year
- Up to $360 each calendar year in Indeed statement credits (up to $90 per quarter)
- Up to $120 each calendar year (up to $10 monthly) in statement credits for spending on wireless plans with U.S. providers
- Marriott Bonvoy and Hilton Honors Gold status
- Rental car elite status
- 35% airline bonus when redeeming with Membership Rewards points via Amex Travel (receive up to 1 million points back each calendar year; will only apply to the airline that a cardmember selects for their annual up to $200 airline fee statement credit, regardless of fare class)
- Some benefits require enrollment
The Amex Business Platinum comes with substantially more statement credits, but not all business owners may be able to use them, as some are quite niche. I use the Dell credit for any of my business tech needs, such as storage and monitors, and the Adobe credit on a Creative Cloud subscription.
Additionally, the Amex airline credit allows more flexibility, but keep in mind that it's limited to just one eligible airline each calendar year. Meanwhile, the Venture X Business' travel credit has to be redeemed through Capital One Business Travel.
With the Business Platinum, you'll also receive automatic hotel and rental car elite status and up to $209 each calendar year toward a Clear Plus membership, which can speed up airport security. Lastly, the Business Platinum has baggage delay insurance***, which isn't available on the Venture X Business.
Winner: Amex Business Platinum, as it offers numerous statement credits, automatic elite status and unparalleled lounge access. The Venture X Business, however, has one simple credit that can cover almost all of its annual fee.
Related: Is the Venture X Business worth the $395 annual fee?
Earning rewards on the Venture X Business vs. Amex Business Platinum
Both cards offer bonus earnings for travel booked through their respective travel portals. The Amex Business Platinum offers an additional earning category beyond that, while the Venture X Business earns more rewards per dollar on everyday spending.
The Venture X Business earns:
- 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 booked through Capital One Business Travel
- 2 miles per dollar spent on every other purchase
Meanwhile, the Amex Business Platinum earns:
- 5 points per dollar spent on flights and prepaid hotels booked with Amex Travel
- 2 points per dollar spent on purchases of $5,000 or more and in select business categories in the U.S. — construction material and hardware suppliers, electronics goods retailers, software and cloud system providers and shipping providers — on up to $2 million of purchases in a calendar year, then 1 point per dollar
- 1 point per dollar spent on other purchases
The Venture X Business will earn more rewards on most purchases and has double the earning rate on prepaid hotels booked through its respective travel portal.
Winner: Venture X Business, as it earns at least 2 miles per dollar spent on all purchases, regardless of the amount or bonus category.
Related: How to maximize your earning with the Amex Business Platinum
Redeeming rewards on the Venture X Business vs. Amex Business Platinum
Both cards offer similar ways to redeem their rewards, including for a statement credit, gift cards or to cover purchases. However, with any of these redemption methods on either card, you will get a value below TPG's May 2025 valuation of either currency.
Transferring points or miles to partners is the best way to redeem them for maximum value.
With the Venture X Business, you can redeem miles at 1 cent apiece to cover travel purchases or book new travel through Capital One Business Travel.
With the Amex Business Platinum Card, members can redeem points at 1 cent per point for flights booked through Amex Travel and hotels reserved via Amex Fine Hotels + Resorts. All other travel booked through Amex Travel is redeemed at 0.7 cents per point.
Cardmembers also have access to a Pay with Points bonus. If you book an eligible business- or first-class flight on any airline or economy flights (only with one designated airline) with points through Amex Travel, you will get 35% of the points back (up to 1 million points per calendar year).
Note that this will only apply to the airline that a cardmember selects for their annual up to $200 airline fee statement credit, regardless of fare class.
I used this once a few years ago to book a business-class flight from Europe to Asia for less than 50,000 points.
Winner: Tie. With the Venture X Business, you can redeem miles for all travel purchases at 1 cent apiece. However, the Amex Business Platinum lets you receive 35% of your points back if you book an eligible flight through Amex Travel (up to 1 million points per calendar year).
Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles
Transferring rewards on the Venture X Business vs. Amex Business Platinum
Both cards earn rewards that can be transferred to numerous transfer partners to receive maximum value.
With the Venture X Business, you can transfer miles to one of Capital One's 15-plus transfer partners, including Air Canada or JetBlue. Most partners transfer at a 1:1 ratio.
Ben Smithson, TPG's senior points and miles writer, recently transferred 77,000 Capital One miles to Air France-KLM Flying Blue to book his husband a business-class ticket on board Air France's newest business-class product on the Airbus A350-900 from Incheon International Airport (ICN) in Seoul, South Korea, to London's Heathrow Airport (LHR) and then on to Paris-Charles de Gaulle Airport (CDG).
With the Amex Business Platinum, you can transfer points to one of Amex's 21 airline and hotel partners, including Delta or Hilton. Most partners transfer at a 1:1 ratio.
I typically transfer my Amex Membership Rewards points to Delta to take advantage of the carrier's frequent award flash sales. I recently saw one of these sales, which included round-trip flights from the West Coast to Tokyo for just 34,000 SkyMiles.
Additionally, both cards have partners in all three major alliances: Oneworld, SkyTeam and Star Alliance. As such, you can use any of them to book domestic flights.
Winner: Amex Business Platinum, as it offers more transfer partners than the Venture X Business.
Should I get the Venture X Business or the Amex Business Platinum?
If you want to get lounge access and earn at least 2 miles per dollar spent on all purchases or are looking for a lower annual fee, you should opt for the Venture X Business. If you want more extensive lounge access, automatic elite status and can use most or all of its statement credits, you should opt for the Amex Business Platinum.
Related: 7 reasons you might want the Amex Business Platinum Card instead of the Amex Platinum Card
Bottom line
The Venture X Business and the Amex Business Platinum are excellent business rewards cards. While the Amex Business Platinum has more benefits and statement credits, the Venture X Business is an excellent option with a much lower annual fee.
Either or both cards could be great additions for your business, as both provide premium perks and lounge access. With both cards' welcome bonuses, you could have a healthy stash of rewards for your business.
To learn more, read our full reviews of the Capital One Venture X Business and the Amex Business Platinum.
Apply here: The Business Platinum Card from American Express
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.
For rates and fees of the Amex Business Platinum, click here.
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| 3X | Earn 3X Miles on Delta purchases. |
| 1X | Earn 1X Miles on all other eligible purchases. |
Pros
- Delta SkyClub access when flying Delta
- Annual companion ticket for travel on Delta (upon renewal)
- Ability to earn MQDs through spending
- Various statement credits for eligible purchases
Cons
- Steep annual fee of $650
- Other Delta cobranded cards offer superior earning categories
- Earn 100,000 Bonus Miles after you spend $6,000 or more in purchases with your new Card within the first 6 months of Card Membership and an additional 25,000 bonus miles after you make an additional $3,000 in purchases on the Card within your first 6 months, starting from the date that your account is opened. Offer Ends 04/01/2026.
- Delta SkyMiles® Reserve American Express Card Members receive 15 Visits per Medallion® Year to the Delta Sky Club® when flying Delta and can unlock an unlimited number of Visits after spending $75,000 in purchases on your Card in a calendar year. Plus, you’ll receive four One-Time Guest Passes each Medallion Year so you can share the experience with family and friends when traveling Delta together.
- Enjoy complimentary access to The Centurion® Lounge in the U.S. and select international locations (as set forth on the Centurion Lounge Website), Sidecar by The Centurion® Lounge in the U.S. (see the Centurion Lounge Website for more information on Sidecar by The Centurion® Lounge availability), and Escape Lounges when flying on a Delta flight booked with the Delta SkyMiles® Reserve American Express Card. § To access Sidecar by The Centurion® Lounge, Card Members must arrive within 90 minutes of their departing flight (including layovers). To access The Centurion® Lounge, Card Members must arrive within 3 hours of their departing flight. Effective July 8, 2026, during a layover, Card Members must arrive within 5 hours of the connecting flight.
- Receive $2,500 Medallion® Qualification Dollars with MQD Headstart each Medallion Qualification Year and earn $1 MQD for each $10 in purchases on your Delta SkyMiles® Reserve American Express Card with MQD Boost to get closer to Status next Medallion Year.
- Enjoy a Companion Certificate on a Delta First, Delta Comfort, or Delta Main round-trip flight to select destinations each year after renewal of your Card. The Companion Certificate requires payment of government-imposed taxes and fees of between $22 and $250 (for itineraries with up to four flight segments). Baggage charges and other restrictions apply. Delta Basic experiences are not eligible for this benefit.
- $240 Resy Credit: When you use your Delta SkyMiles® Reserve American Express Card for eligible purchases with U.S. Resy restaurants, you can earn up to $20 each month in statement credits. Enrollment required.
- $120 Rideshare Credit: Earn up to $10 back in statement credits each month after you use your Delta SkyMiles® Reserve American Express Card to pay for U.S. rideshare purchases with select providers. Enrollment required.
- Delta SkyMiles® Reserve American Express Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
- With your Delta SkyMiles® Reserve American Express Card, receive upgrade priority over others with the same Medallion tier, product and fare experience purchased, and Million Miler milestone when you fly with Delta.
- Earn 3X Miles on Delta purchases and earn 1X Miles on all other eligible purchases.
- No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
- $650 Annual Fee.
- Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
- Terms Apply.
- See Rates & Fees