Capital One Venture X Business Card Review: Is It Worth It?

I’m a sucker for a good travel rewards card. Over the years, I’ve collected a small handful of them — not because I love juggling annual fees, but because the right cards can save you a lot of money on flights, hotels, and travel perks you’d otherwise pay out of pocket for.

Not only do I have a bunch for my personal expenses but I have a couple for this business too. One of my favorite business credit cards is the Capital One Venture X Business Credit Card. It’s Capital One’s top-tier business product. I love it because there’s a big welcome offer, lounge access to over 1,300 airport lounges, annual travel credits, and a simple 2x reward on all spending (which ensures you are always earning multiples miles per dollar spent).

To help you decide if this card is for you, here’s my full review of the card and why I love it so much:

What is the Capital One Venture X Business Card?

The Capital One Venture X Business Credit Card is a travel rewards card issued by Capital One. It comes with a $395 annual fee that is way lower than the other premium business cards out there. And I think you can easily get way more value than the annual fee costs. Here’s a quick look at the main perks:

• 150,000 miles after spending $30,000 in the first 3 months
• 2 miles per $1 on all purchases, no category restrictions
• 5× miles on flights booked through Capital One Travel
• 10× miles on hotels and rental cars booked through Capital One Travel
• $300 annual travel credit (through Capital One Business Travel)
• Every year, you’ll get 10,000 bonus miles after your account anniversary date.
• Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
• Up to $120 statement credit for TSA Precheck or Global Entry
• No foreign transaction fees

Using Your Capital One Miles

Capital One miles can be redeemed in a few ways. One is by booking travel directly through Capital One’s portal. While I usually don’t recommend booking through credit card portals, to fully benefit from the Venture X’s travel credit (and to get the 5x and 10x miles offers) you’ll need to use their portal.

Another option is to use your miles to get reimbursed for any travel purchase. For 90 days after making such a purchase, you can reimburse yourself at a redemption rate of one cent per mile. After 90 days, and for all other purchases, you can use miles as cash back, at a redemption rate of 0.5 cents per mile (but avoid doing this, as it’s not a good value).

You can also use your Capital One miles in the Capital One Entertainment portal to book tickets for concerts, sports events, and more. Occasionally, Capital One offers cardholder-only events and presale opportunities too. While you’ll get just 0.8 cents per mile for tickets (not the best value), it’s still a fun and unique way to redeem miles.

However, you’ll get the most out of your miles by transferring them to Capital One’s 15+ airline and hotel partners. While the actual value varies based on what you book, you can usually find airline and hotel redemptions worth much more than the aforementioned one cent per mile. (The process is pretty straightforward and can be done through your Capital One account.)

Here are Capital One’s current travel partners:

• Accor Live Limitless
• Aeromexico Club Premier
• Air Canada Aeroplan
• Air France/KLM Flying Blue
• Avianca LifeMiles
• British Airways Executive Club
• Cathay Pacific Asia Miles
• Choice Privileges
• Emirates Skywards
• Etihad Airways Guest
• EVA Air Infinity MileageLands
• Finnair Plus
• I Prefer Hotel Rewards
• Japan Airlines Mileage Bank
• Qantas Frequent Flyer
• Qatar Airways Privilege Club
• Singapore Airlines KrisFlyer
• TAP Portugal Miles&Go
• Turkish Airlines Miles&Smiles
• Virgin Red
• Wyndham Rewards

Pros of the Venture X Business Card

As someone who travels constantly for work, I’m always looking for ways to earn miles faster and make airport life a little less painful. I like this card for the simple 2x miles on everything. I use a lot of other cards that can get you 3 or 4x on certain categories like advertising or non-portal travel spend like flights and hotels. But when it comes to dining, museums, transportation, etc, there’s not a lot of ways to get more than 2x per dollar spent on a business card. So, I use this Venture X for anything I can’t get more than 2x per dollar.

Here’s a deep dive into some of the main perks:

$300 Travel Credit
Each year, you get a $300 credit toward bookings made through Capital One Business Travel (flights, hotels, or car rentals). If you’re already booking travel regularly, this credit is basically free money — and it immediately drops your effective annual fee from $395 to $95.

The catch? You do have to book through Capital One’s travel portal. It’s powered by Hopper, so the interface is clean and prices are usually competitive. I’ve found some good deals there.

Lounge Access
You get access to Capital One Lounges and Priority Pass lounges. Capital One’s own lounges are actually great — spacious, modern, good food — though they’re still limited location. But they are expanding how many they have and I personally think they are way better than the other lounges competitor banks have. You also get Priority Pass access t o over 1,300 lounges globally, which is a common but really nice perk.

Anniversary Bonus
Every year on your account anniversary, you’ll get 10,000 bonus miles (worth about $100 toward travel). It’s a nice “thank you” that helps offset the annual fee even further.
 

Should You Get This Card?

The Capital One Venture X Business Credit Card is best for small- to medium-sized business owners who travel regularly and can put at least $30,000 to ensure they meet the welcome offer requirements.

Overall, I think the Capital One Venture X Business is one of the best-value premium business cards out there right now. It’s not as benefit-packed or as flashy as the Amex Business Platinum or the Chase Sapphire Reserve, but it’s easier to use, has a less expensive annual fee, gets you lounge access, and an easy to understand earning structure.

It’s one of the cards I use the most often for my business. I highly recommend getting it.

Stop paying full price for travel!

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• How to Pick a Credit Card
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