Link: Apply now for the Capital One Venture X Business (Rates & Fees)
The Capital One Venture X Business is Capital One’s lucrative business card. We’ve just seen a new welcome bonus rolled out on this card, which is jaw-droppingly big. However, the minimum spending requirement is significant as well. Let’s go over all the details, though this is (by far) the best offer we’ve seen on the card so far.
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Huge limited time Capital One Venture X Business bonus
The Capital One Venture X Business is offering a limited time two-part welcome bonus, of up to 300,000 Capital One miles:
- Earn 150,000 miles after spending $20,000 within the first three months
- Earn an additional 150,000 miles after spending $100,000 within the first six months
This new bonus is phenomenal. For reference, the previous welcome offer was for 150,000 miles after spending $30,000 within the first three months. So the spending requirement to unlock 150,000 bonus miles has been cut by one-third, while there’s now an additional incentive for big spenders.
Admittedly this spending requirement is significant, but the reward is big as well. Since the Venture X Business offers a minimum of 2x miles per dollar spent, this means:
- You’d earn a minimum of 190,000 total miles after spending $20,000 within the first three months; that’s like earning 9.5x miles on the first $20,000 spent
- You’d earn a minimum of 500,000 total miles after spending $100,000 within the first six months; that’s like earning 5x miles on the first $100,000 spent, or put differently, earning 3.875x miles on the $80,000 in incremental spending above the initial threshold
This is a huge bonus — personally I value Capital One miles at 1.7 cents each, so to me, 150,000 miles are worth $2,550, while 300,000 miles are worth $5,100. 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.
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) (Rates & Fees).
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, which is the Capital One Venture X Rewards Credit Card (review) (Rates & Fees). 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 (Rates & Fees), 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 (Rates & 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
- 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 a massive limited time welcome bonus, which can earn you up to 300K Capital One miles upon completing minimum spending.
With this offer, the spending requirement to earn 150K Capital One miles has been decreased considerably, while there’s now a second rewards threshold for big spenders. You should be eligible for this card as long as you don’t currently have 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 the 300K miles welcome offer?
Applied for this offer today and was told that due to new federal regulations they need to verify information and will be back in 7-10 days. Has anyone received this? I need the card to make business purchases fairly quickly, so I would rather know if they are going to deny me ASAP so I can get another CSP...
@Ben -- any thoughts here? Should I call and ask to help verify the information they need on the business?
Any idea how long this offer will last? I can make a large estimated tax payment but I expect to file for an extension, so I would like to apply as late as possible - ideally April but that may not be possible. (Applying mid-April and making the big payment in October means I woudl would make the payment in Oct, file for my refund, and theoretically get the refund before payment is due.)
Will this card show up on my personal credit report?
No
Does tax and prison payment count?
Is c1 as easy as chase when it comes to individuals without tax id applying for business cards?
Signed up end of last year, easily got the 150k, could have easily gotten the 300k.
FML.
Ben, any chance Capital One might retroactively "apply" the additional 150k points? Do you have any data points to suggest they do this from time to time?
Ben, any past data points on past Capital One offers being honored after approval? I got approved for the 150k offer last week. I’d much rather take this one and should be able to meet the spend.
Going to reply to my own post with my own data point. Called Capital One and was initially told that I could not get the improved bonus offer. If I wanted, I could close my account, wait 72 hours and re-apply for the new bonus offer and hope I was approved again (wasn't going to happen). I pressed the agent stating that in the past Chase had honored improved signup bonuses and asked if she...
Going to reply to my own post with my own data point. Called Capital One and was initially told that I could not get the improved bonus offer. If I wanted, I could close my account, wait 72 hours and re-apply for the new bonus offer and hope I was approved again (wasn't going to happen). I pressed the agent stating that in the past Chase had honored improved signup bonuses and asked if she could elevate the request to a supervisor. She paused and then basically said "what the heck, let's try it out." She created a ticket and said she would forward the request to the award department and I would get a response in 10 to 12 business days.
Within 90 minutes my phone rang and Capital One was on the caller ID. The same agent told me the rewards department had received numerous requests re: the increased offer and they would be willing to honor the new 300k bonus. I asked for a confirmation email or reference number but she said it was notated all over my account and new offer linked to my business for any future inquiries.
TL:DR - Go ahead and call or email. Looks like they will honor the new offer, though I have no idea how recent your application would have needed to be approved.