The Capital One Venture X Business Rewards Credit Card has a new (and huge) limited-time welcome offer, and it comes in two tiers.
New cardholders can earn 150,000 bonus miles after spending $40,000 in the first four months. If they spend $120,000 in that same four-month window, they’ll earn another 150,000 miles plus a one-time $1,000 Capital One Business Travel credit, for up to 300,000 bonus miles in total.
Capital One is running the offer to mark the card’s third anniversary. And it calls the offer limited-time but hasn’t published an end date.
The card carries a $395 annual fee and comes with a long list of benefits.
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Unlocking all of it takes a lot of spending, even for a business card. The card’s previous offer was 150,000 miles after $30,000 in spending within three months, so the first tier now takes $10,000 more in spending and gives one more month to do it.
Offers on the Venture X Business don’t change often, so an offer with a lower spending requirement will more than likely return once this one ends.
According to Capital One, bonus miles post “within two billing cycles” after you qualify. The $1,000 credit also lands in your Capital One Business Travel balance within two billing cycles, can be used across one or more bookings, and expires 16 months after account opening.
What Can You Do With Capital One Miles?
Capital One miles can be redeemed for travel booked through Capital One Business Travel or used to cover travel purchases made with the card.
They can also be transferred to Capital One’s 15-plus airline and hotel partners, which include Air Canada Aeroplan, British Airways Club, Choice Privileges, and more.
What Else Does the Venture X Business Offer?
Beyond the welcome bonus, the Venture X Business comes with several benefits, including:
- 2X miles on every purchase: No category restrictions.
- 10X and 5X miles on travel: Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel.
- $300 annual travel credit: Use it on bookings through Capital One Business Travel.
- 10,000 anniversary miles: Earned each year on your account anniversary starting after your first renewal.
- Lounge access: Capital One Lounges and Landings, plus more than 1,300 participating lounges worldwide through Priority Pass (enrollment required).
- Up to $120 Global Entry or TSA PreCheck credit: A statement credit for the application fee, once every four years.
- Premier Collection perks: A $100 experience credit and other benefits on Premier Collection hotel and vacation rental bookings.
- Hertz President’s Circle status
- No foreign transaction fees
- Free employee cards
For full earning rates, benefits, and terms, click “Learn More” on the card above.
Who Can Apply for the Venture X Business?
A business credit card does require a business. But that doesn’t necessarily mean a company with employees, an office, or a huge amount of revenue.
Sole proprietors, freelancers, independent contractors, and people with a side business can qualify, and Capital One accepts a Social Security number in place of an EIN for sole proprietorships.
There’s also a restriction on the bonus. According to Capital One’s terms, “Existing or previous Accountholders may not be eligible for this one-time bonus.”
However, you’ll want to make sure that whatever business you have can spend the necessary money in order to unlock the bonus (ideally in full). Businesses without substantial spending might want to consider other options.
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