Link: Apply now for the Capital One Venture X Business
The Capital One Venture X Business is Capital One’s lucrative business card. We’ve just seen a massive limited time welcome offer introduced on the card, with an equally huge spending requirement, making this the ideal time to apply.
In this post:
Capital One Venture X Business bonus details
The Capital One Venture X Business is offering an incredible limited time welcome bonus of up to 350,000 bonus miles, structured as follows:
- Earn 150,000 bonus miles after spending $30,000 within the first three months
- Earn an additional 200,000 bonus miles after spending a total of $200,000 within the first six months
This is an insanely large bonus — personally, I value Capital One miles at 1.7 cents each, so to me, 350,000 miles are worth $5,950. There are lots of great uses for Capital One miles, as they can be transferred to all kinds of useful airline and hotel partners, or they can be redeemed toward a travel purchase.
Of course let me acknowledge the spending requirement here is huge. The 150,000 bonus miles offer is the same as it was before, while the new twist is that you earn an additional 200,000 bonus miles for an additional $170,000 in incremental spending.
Obviously that won’t be for everyone, but this means that if you spent $200,000, you’d receive a total of 750,000 miles. If you’re able to pull off that amount of spending, that’s pretty awesome.
Who is eligible for the Capital One Venture X Business bonus?
All card issuers have some general application restrictions. However, Capital One probably has among the fewest consistent restrictions. Specific to the Capital One Venture X Business, the welcome offer on the card isn’t available to those who already have the card, or those who had the Spark Travel Elite Card (which is what this card was briefly branded as) or who have the Capital One Spark Cash Plus (review).
Beyond that, eligibility should be unrelated to having any other Capital One card. You are eligible for the bonus on this card if you have the personal version of the card. Note that while there are similarities between the two cards, there are also some differences.
Read my guide to getting approved for the Venture X Business.
Why the Capital One Venture X Business is worth it
The Capital One Venture X Business has a $395 annual fee, so it’s among the higher annual fee business cards out there. However, the card offers a variety of rewards, benefits, and perks, that should offer outsized value:
- The Venture X Business offers a minimum of 2x miles on all purchases, making it one of the best cards for everyday spending; on top of that, the card has no foreign transaction fees and no preset spending limit
- The Venture X Business offers a $300 annual Capital One Travel credit, which can be used toward a flight, hotel, or rental car; if you travel with any frequency, this should be worth close to face value
- The Venture X Business offers 10,000 Venture bonus miles on your account anniversary every year; this is worth a minimum of $100, but potentially way more than that
- The Venture X Business offers the primary card member a Priority Pass membership, plus access to Capital One Lounges and Capital One Landings
- The Venture X Business offers a Global Entry or TSA PreCheck credit once every four years
The way I do the math on the card is that I consider the $300 annual travel credit and 10,000 anniversary bonus miles to (more than) cover the annual fee on an ongoing basis, and then everything else is the real value offered by the card. You’re earning a great return on spending, plus airport lounge access.
Read a full review of the Capital One Venture X Business here.
Bottom line
The Capital One Venture X Business is offering an incredible new bonus, and you should be eligible for this card as long as you don’t currently have this exact card, haven’t had the Spark Travel Elite, and don’t currently have the Spark Cash Plus.
There’s lots of value to having this card in the long-run, including being able to earn 2x miles with no preset spending limit, plus all kinds of valuable travel perks, including airport lounge access.
Do you plan on picking up the Capital One Venture X Business with this welcome offer?
I was told by capital one that the way to get the additional 200k bonus is through accounts payable and you have a year to do so. Where did you get the information that it was with regular spend and you have 6 months.
Am I the only one who cannot transfer Capital One miles to British Airways? I’ve seen Reddit threads on it but Capital One insists it’s an issue to be resolved by or with British Airways. Nothing I do seems to fix it and Capital One is just so dismissive about it.
I was able to twice and they went through immediately
The first 150000 points are a great return. 5 points per $ spend. The next 20000 are barely more than 1 point per dollar spent. So definitely less valuable, but since you also earn 2x on the original spend, that takes you to just over 3% which is nice.
Some in the hobby might argue that for the amount of spending, one could capture greater SUBs. But, some are not receiving Amex NLL offers. And, Chase has seemingly throttled Ink applications to four per year. If that's your situation and you have the spending, why not? And, some high-spending business owners continue to care about points as they use them for rewarding team members with trips.
I was told by capital one that the additional 200k needs to be through their accounts payable partner Melio - you can use that to pay vendors that don't accept credit cards and have it linked to your capital one card so you are accruing points on spend that you would usually right checks to which is huge for businesses who have vendors who only take cash or charge a fee to process credit cards.
Most people who spend THAT much could probably care less about a few few airline tickets.
@ SMR -- There are plenty of low margin businesses that rack up a huge amount of credit card spending. Just because a business spends hundreds of thousands (or millions) per year on credit cards doesn't mean that the owner of the business is loaded, and doesn't care about maximizing rewards.
Exactly. When I had an internet retail business just our shipping costs were several hundred thousand dollars a year.
I spend this much by putting my tax payments on my credit card (small business owner here), and also care a TON about points and miles, so this offer is extremely appealing to me.
we have that kind of spend with our construction company, but still LOVE our points to fund all our travel.