Capital One Venture X Business: 5 Things To Know

Are you looking for a small business credit card? Capital One has a new option worth considering.

The card_name is a rewards card that has a strong welcome bonus offer, steady rewards on everyday business spending and attractive travel perks.

The card’s rewards program is closely related to the Capital One Venture X credit card that money expert Clark Howard says is a top travel rewards card and carries in his wallet.

If you’re running a small business, you may be wondering if the business version of this credit card is right for your wallet.

In this article, we’ll go over the basics of this card as well as five things you should consider before applying.

This article was written in September 2023 and I will review it every 12 months. Detailed notes on all updates will be provided.

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Capital One Venture X Business: The Basics

Annual Fee: $395
Rewards Program: Earn unlimited 2x miles on every purchase. Book through Capital One Travel to earn 5x on flights and 10x on hotels and rental cars.
Bonus Offer: For a limited time, earn up to 300,000 bonus miles: 150,000 miles once you spend $20,000 in the first 3 months, and an additional 150,000 miles once you spend $100,000 in the first 6 months.
Top Perks: Receive an annual $300 credit for bookings through Capital One Travel. You will also get 10,000 bonus miles every year, starting on your first anniversary. Also, receive a statement credit for TSA PreCheck® or Global Entry and enjoy a network of more than 1,300 lounges worldwide.

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5 Things To Know About the Capital One Venture X Business

Here are five things you should consider before applying for this credit card:

1. There’s a Hefty Annual Fee, but You Can Cover Most of It With These 2 Perks

Just like the Capital One Venture X travel card that Clark loves, the card_name carries a $395 annual fee.

That probably seems like an “un-Clark” price to pay each year for the privilege to use a rewards credit card, but if we dig a little deeper you may feel more comfortable with it.

First, you can recoup $300 of the annual fee each year via statement credit simply by booking travel through the Capital One Travel portal.

That effectively makes it a $95 per year annual fee.

You’ll also get 10,000 bonus miles on your card membership anniversary each year. Just for being an active cardholder. You can cover the remaining annual fee with redemption of these miles.

This will free you up to enjoy the rewards you earn, and other valuable perks like airport lounge access and TSA PreCheck® or Global Entry subscription reimbursement.

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2. There Are No Caps on Business Spending and Subsequent Rewards

Many businesses have a large list of monthly expenditures to keep things running properly.

So it’s understandable that small business owners would place a priority on a credit card that allows them to do that spending without worry they’re maxing out a card. Likewise, they’ll want to get the most they can in the way of rewards on that spending.

Capital One does not arbitrarily cap either spending or rewards with this credit card.

Unlike what you may experience with your personal credit card, this card does not have a preset spending limit. Capital One says that your spending power will adapt with your habits.

And when it comes to rewards on those purchases, Capital One offers “unlimited” 2x miles on every purchase with no categorical restrictions.

You’ll also have the opportunity to earn higher miles multipliers on purchases like hotels and rental cards (10x miles) and flights (5x miles) when you book through Capital One Travel.

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3. Your Balance Will Be Due in Full Each Month

While you won’t have a preset spending limit for this card, you will have the preset requirement of paying your bill in full each month.

Capital One calls this a “pay-in-full” credit card. This means if you spend $10,000 on business expenses within a billing period, you’ll be expected to pay that $10,000 back to Capital One by the due date for that billing cycle.

This means you’ll need to be extra careful in maintaining fiscal discipline to ensure you don’t overspend with the card.

On the bright side, it also means you won’t run up potentially costly interest charges on balances.

Clark consistently stresses the importance of paying the balance in full on rewards credit cards each month, so this falls right in line with his credit card rules.

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4. You’ll Be Able To Earn Rewards on Employee Spending

If you’re the type of business that requires several employees carrying a company-issued credit card, this card could be a good one for earning lots of rewards miles.

Capital One says that you can get free employee credit cards and virtual cards for their use. And you’ll earn all of the rewards that they accumulate with their spending.

Additionally, you’ll be able to sync the data from the transactions from these cards with your accounting software.

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5. There Is a Great Welcome Bonus Offer Available

While Team Clark usually doesn’t recommend that you sign up for a credit card solely for the welcome bonus offer, it’s nice to know when a good credit card is also offering a great sign-up offer.

Capital One is offering an opportunity to earn up to 300,000 bonus miles as a limited-time offer: 150,000 miles once you spend $20,000 in the first 3 months, and an additional 150,000 miles once you spend $100,000 in the first 6 months.

This could be worth as much as $3,000 depending on your miles’ redemption method. And that’s on top of the regular rewards that you’ll earn with the spending.

This spending requirement is much higher than what you might see with a personal credit card, but businesses usually churn through a higher spend amount each month.

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Will you be adding this card to your wallet? Is it the right fit for your small business? We’d love to hear your thoughts in the Clark.com community.