Is the Venture X Business worth the $395 annual fee?
Editor's Note
The Capital One Venture X Business is a great option for small-business owners who want to earn miles on their spending. It features a solid welcome bonus and many of our favorite features found on its consumer counterpart, the Capital One Venture X Rewards Credit Card.
One such similarity is the $395 annual fee. This is a bargain compared to some other premium business cards, such as The Business Platinum Card® from American Express with its $895 fee (see rates and fees).
Still, it's higher than the $375 annual fee on the American Express® Business Gold Card (see rates and fees) and the $95 annual fee on Chase's Ink Business Preferred® Credit Card (see rates and fees).
So, does the Venture X Business offer enough benefits and earning potential to justify its premium fee? Here's what you need to know if you're on the fence.
Welcome offer
Currently, new Venture X Business applicants can earn 150,000 bonus miles after spending $30,000 on purchases within the first three months from account opening.
This bonus is worth $2,775 when you factor in TPG's April 2025 valuations of Capital One miles at 1.85 cents. If you can meet the steep minimum spending requirements, the bonus alone is valuable enough to justify paying the card's $395 annual fee.
Related: How to maximize your Capital One miles
Earning potential
Beyond the Venture X Business welcome bonus, you'll earn:
- 10 miles per dollar spent on hotels and rental cars purchased 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
And when it comes to redeeming your miles, you have options. On one hand, you can redeem them simply for a statement credit to cover travel expenses. This option offers a value of 1 cent per mile.
To get more value out of your miles, you can also transfer your miles to any of Capital One's 15-plus hotel and airline partners, including valuable options like Air Canada Aeroplan, Singapore Airlines KrisFlyer and Wyndham Rewards.
According to our April 2025 valuations, taking advantage of these transfer options usually yields a value of at least 1.85 cents per mile. Percentage-wise, this means you're earning an effective 3.7% return on all nonbonus purchases that net you least 2 miles per dollar spent.
This makes the Venture X Business an especially attractive option for big-spending business owners who don't want to worry about bonus categories.
With this card, you can feel confident knowing you're earning valuable rewards no matter what you're buying.
Related: Should you transfer Capital One miles to partners or redeem them directly?
Annual travel credit
Venture X Business cardholders receive $300 in statement credits each year for travel booked through Capital One Business Travel. This credit is automatic, making it relatively easy to use.
However, it is worth noting that since the credit is limited to travel booked through Capital One Business Travel, you'll likely give up any hotel or rental car elite status perks. The drawbacks of booking through a portal can put a damper on the value of this annual credit.
Still, fully taking advantage of this perk will bring your effective annual fee down to just $95.
Related: How to decide whether to book travel directly or through a portal
Anniversary bonus miles
The travel credit isn't the only annual perk you'll get as a Venture X Business cardholder. Every year, on your account anniversary, you'll also receive 10,000 bonus miles worth $185, according to our April 2025 valuations.
Even if you redeem these anniversary miles directly for travel at a rate of 1 cent per mile, this annual bonus is worth $100. This perk and the travel credit combined more than justify the card's $395 annual fee each year.
Lounge access
As a Venture X Business cardholder, you get unlimited access to Capital One Lounges — currently open at:
- Dallas Fort Worth International Airport (DFW)
- Denver International Airport (DEN)
- Dulles International Airport (IAD)
- Harry Reid International Airport (LAS)
- Capital One also operates a Landing at Ronald Reagan Washington National Airport (DCA)
This card also includes access to Priority Pass lounges.
Note that, unlike the personal Venture X, lounge access does not extend to authorized users.
Without credit card access, you must pay $90 for a Capital One Lounge day pass. Five visits alone would cost $450 out of pocket, so you'll make up the annual fee's value quickly if you can take advantage of your Capital One Lounge access.
Related: Capital One Venture X vs. Venture X Business
Other perks
On top of these super-valuable perks, the Venture X Business includes additional travel benefits and protections:
- Global Entry/TSA PreCheck credit: Up to $120 statement credit
- Hotel perks: Access to luxury hotel bookings and elitelike benefits in Capital One's Premier Collection
These benefits are more difficult to quantify, but they'll provide added comfort and peace of mind during your travels.
Related: A comparison of luxury hotel programs from credit card issuers: Amex, Capital One, Chase and Citi
Bottom line
If you can take advantage of all the Venture X Business benefits, you'll more than justify the annual fee year after year. The benefits are so valuable that you only have to utilize a few to make up for the card's fee each year. However, if you can't maximize the annual travel credit or airport lounge access, you may want to go with another of our favorite business credit cards.
To learn more, read our full review of the Venture X Business.
Learn more: Capital One Venture X Business
For rates and fees of the Amex Business Platinum, click here.
For rates and fees of the Amex Business Gold, click here.
TPG featured card
at American Express's secure site
Terms & restrictions apply. See rates & fees.
| 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.
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- $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