If you’re a high-spending business owner who loves to travel, Capital One is offering an excellent bonus on a top-tier travel rewards card.
The current offer on the Capital One Venture X Business is the highest we’ve seen in its history. If you can meet the high spending requirements, now’s the ideal time to apply.
Let’s look at the details and go over what you need to know before applying.
Capital One Venture X Business current offer
New Venture X Business applicants can earn up to 400,000 bonus miles on the card after meeting two spending thresholds:
- Earn 200,000 miles after spending $30,000 on eligible purchases in the first three months from account opening
- Earn an additional 200,000 miles after spending a total of $150,000 on eligible purchases in the first six months from account opening
TPG’s November 2025 valuations place this offer at up to $7,400, which is exceptionally valuable for a credit card — and the highest we have ever seen in the card’s history.
To maximize the bonus, we recommend transferring your miles to one of Capital One’s 15-plus airline and hotel partners.
You also have the option to redeem your miles for a statement credit to cover travel expenses at a rate of 1 cent per mile. Even if you go this lower-value route, the full bonus is still worth an impressive $4,000.
The Venture X Business carries a $395 annual fee, which is more than offset by an annual travel credit and anniversary bonus miles every year you hold the card.
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How does this compare to past offers?
This is the best bonus we have seen in the card’s history.
The second-highest offer we’ve seen on the Venture X Business provided the chance to earn up to 350,000 bonus miles (no longer available), 50,000 miles shy of the current bonus.
If your business can meet the high minimum spending requirement for this current offer, now is the best time to put in your application.
Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles
Why you should apply for the Capital One Venture X Business
The Venture X Business has the same reasonable annual fee that so many love about the personal version, plus key benefits, including:
- Anniversary bonus: Receive 10,000 miles each cardholder anniversary, worth $185, based on TPG’s November 2025 valuations.
- Annual travel credit: Receive an up to $300 annual credit for travel booked through Capital One Business Travel.
- Global Entry/TSA PreCheck credit: Receive up to $120 in statement credit for Global Entry or TSA PreCheck.
- Lounge access: Get unlimited access for you and two guests to Capital One lounges and 1,800-plus Priority Pass lounges worldwide. (Note that these lounge access policies are set to become more restrictive on Feb. 1, 2026.)
- Luxury hotel access: Access Capital One’s Premier Collection and Lifestyle Collection programs for elite-like benefits when staying at participating hotels.
- No foreign transaction fees
Plus, when you spend on this card, you’ll earn:
- 10 miles per dollar spent on hotels and rental cars purchased through Capital One Business Travel
- 5 miles per dollar spent on flights and vacation rentals purchased through Capital One Business Travel
- 2 miles per dollar spent on all other eligible purchases
As mentioned above, the $395 annual fee is easily offset by the value of the annual travel credit and anniversary bonus, even before factoring in the welcome offer, lounge access and the card’s earning potential.
Related: Capital One Venture X vs. Venture X Business: Small but important differences
Bottom line
If you’re a small-business owner whose business spends enough to earn the welcome bonus, the Capital One Venture X Business gives you the potential to earn tremendous rewards with its highest-ever offer.
If your small business has lower expenses, you’ll likely want to go with another of our picks for the best business credit cards or the personal Capital One Venture X Rewards Credit Card.
To learn more, read our full review of the Venture X Business.
Learn more: Capital One Venture X Business