The Capital One Venture X Business card was released in the fall of 2023 and is a great option for a business card with premium perks. This card is very similar to the Capital One Venture X Rewards Credit Card, which is a personal version of this card. There are a few differences and reasons why you’d pick one over the other.

Quick Hits

Key Differences to Venture X

• Authorized Users for Venture X Business do not receive lounge access benefits
• Priority Pass membership for Venture X Business does include restaurant and experience benefits
• Card account will not show on your credit report therefore will not add to your 5/24 count
• This is a charge card, not a credit card — there is no official credit limit and you must pay in full each month
• Venture X Business has a much larger welcome bonus with big minimum spend requirements
• Venture X Business is a Mastercard instead of a Visa Infinite card

Who This Card is Good For

• Business owners who have a large expected business expenses
• People who live at airports with Priority Pass restaurants
• Anyone who wants the perks of a Venture X card but doesn’t want to give up a 5/24 slot

Who This Card Doesn’t Make Sense For

If you are a family of 4+ and want to get lounge access for your whole family, opening this card alone won’t get you lounge access. It might still make sense for your but you’ll need to pair it with another card to get your whole family into lounges. Alone, it will get access for the primary card holder and 2 guests. The other adult in your household might consider a Venture X Rewards Credit Card (especially if you live at an airport with a Capital One lounge like Denver, Dulles, or DFW) or The Ritz-Carlton^™ Credit Card (especially if you live at an airport with a Chase Sapphire Lounge like LGA or JFK).

Card Overview

This card is very similar to the consumer (personal) card that has an almost identical name — the Capital One Venture X Rewards Credit Card.

This Business version has an annual fee of $395.

Note that this is a “Pay in Full” card — you’ll need to pay it off in full each month. There is no preset spending limit but Capital One says “This card comes with no preset spend limit that adapts to your needs based on spending behavior, payment history and credit profile”

$300 Travel Credit

Every year you’ll get a $300 travel credit. This travel credit comes essentially in the form of a coupon that can only be used at Capital One Travel. If you book a rental car, hotel, or flight through Capital One Travel, this credit will come off your total. You don’t have to use all $300 at once.

10,000 Anniversary Miles

Every year on your account anniversary, you’ll receive 10,000 anniversary miles. At the very minimum, this is worth $100 if you redeem this for erasing travel purchases.

You can see that between these top two benefits alone, it’s easy to make up your entire annual fee!

Earning rates

• 10x Venture miles on hotels and rental cars booked via Capital One Travel
• 5x Venture miles on flights booked via Capital One Travel
• 2x Venture miles on all other purchases

Favorite Venture X Benefit: Lounge Access

This is hands down my favorite perks of the card. You get access to lounges with 3 different lounge networks: Capital One Lounges, Priority Pass, and Plaza Premium.

Which lounges can I go into?

You get access to Capital One Lounges, Plaza Premium Lounges, and Priority Pass lounges. Guest policy differs depending on the network. Check Capital One’s website for an up to date list on included lounges.

More Capital One Venture X Benefits

• Global Entry or TSA PreCheck statement credit for up to $100 (valid once every 4 years). You can use this benefit for yourself or use it to pay for another friend or family member.
• No foreign transaction fees (See rates and fees)
• Cell Phone Protection through Mastercard World Elite benefits (up to $800)

Using Capital One Miles

You can use Capital One miles either to “erase” travel purchases you’ve made with your Venture X business card — or they can be transferred to certain airline and hotel partners.

If you erase purchases, you’ll get a flat redemption rate, 10,000 miles will let you erase a $100 purchase.

If you choose to transfer to airlines or hotels, your redemption rates will vary.

Capital One Transfer Partners

Though Capital One doesn’t have any US based airlines as transfer partners, there are still plenty of ways to use these miles for both US domestic flights as well as international flights.

You can transfer your Capital One miles to all of the following airlines and hotels:

1:1 transfer ratio

• Aeromexico Club Premier
• Air Canada – Aeroplan®
• Cathay Pacific – Asia Miles
• Avianca LifeMiles
• British Airways Executive Club
• Choice Privileges®²
• Emirates Skywards
• Etihad Guest
• Finnair Plus
• Flying Blue
• Qantas Frequent Flyer
• Singapore Airlines KrisFlyer
• TAP Miles&Go
• Turkish Airlines Miles&Smiles
• Virgin Red
• Wyndham Rewards

2:1.5 transfer ratio

• EVA Air – Infinity MileageLands

2:1 transfer ratio

• ALL – Accor Live Limitless

Some Sweet Spots for Capital One Transfer Partners

Transfer to Wyndham to book Vacasa vacation rentals. For 15,000 points a night, you could book a one bedroom vacation rental that costs up to $350 per night.

Transfer to Avianca to book onto Star Alliance carriers including United. This is what our family did to fly to Japan.

Transfer to Virgin Red to book cruises or Sky Team Flights, including Delta. Virgin has some sweet cruise deals that pop up with points. Note that they are adults only. You can also use Virgin miles to book Delta flights.

Transfer to FlyingBlue to book great deals on round trip flights to Europe or Tahiti on Air France and KLM.

Transfer to Choice Hotels for great stays in Europe. This isn’t as good as the Citi Premier® Card, which transfers at 1:2 — so if you like this option, I’d recommend you look at the Citi Premier card instead. But Choice has some fabulous hotels in Europe — like this one in Venice which is as low as 16,000 points per night. It also has some great family options in the US with 1 bedroom suites or bigger.