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.

The Capital One Venture Rewards Credit Card provides great value to occasional travelers who want to maximize the miles they earn. This card features a $95 annual fee and earns at least 2 miles per dollar on all purchases.

Its flashier sibling, the $395-annual-fee Capital One Venture X Rewards Credit Card, offers an enhanced travel experience to compete with other premium products like The Platinum Card® from American Express and the Chase Sapphire Reserve® (see rates and fees).

If you don’t carry either card — the Venture Rewards or the Venture X — you may wonder: Should you apply for the well-established, crowd-pleasing Venture Rewards or go premium with the luxe Venture X?

Let’s examine both cards to help you decide which Capital One card is your best option.

Capital One Venture Rewards vs. Capital One Venture X comparison

Card	Capital One Venture Rewards	Capital One Venture X
Annual fee	$95	$395
Welcome offer	Earn 75,000 bonus miles after spending $4,000 in the first three months of account opening.	Earn 75,000 bonus miles after spending $4,000 in the first three months of account opening.
Earning rates	5 miles per dollar spent on hotels, vacation rentals and rental cars booked through Capital One Travel 5 miles per dollar spent on Capital One Entertainment purchases (through Dec. 31, 2025) 2 miles per dollar spent on all other eligible purchases	10 miles per dollar spent on hotels and rental cars booked through Capital One Travel 5 miles per dollar spent on flights and vacation rentals booked through Capital One Travel 5 miles per dollar spent on Capital One Entertainment purchases (through Dec. 31, 2025) 2 miles per dollar spent on all other eligible purchases
Other benefits	Up to $120 credit for Global Entry or TSA PreCheck Access to Lifestyle Collection hotel bookings	Up to $120 credit for Global Entry or TSA PreCheck Access to Capital One Premier Collection and Lifestyle Collection hotel bookings Up to a $300 annual credit for bookings made through Capital One Travel Access to Capital One lounges and a Priority Pass membership 10,000 bonus miles at each cardholder anniversary Free additional cardholders
Foreign transaction fees	None	None

Capital One Venture Rewards vs. Capital One Venture X welcome offer

The Venture Rewards and Venture X have the same welcome offer: New cardholders can earn 75,000 bonus miles after spending $4,000 on purchases in the first three months of account opening.

Both offers are worth $1,388 based on TPG’s August 2025 valuations, so you’ll get solid value from the bonus no matter which card you choose.

Winner: Tie. Both cards provide the same welcome offer.

Related: How to redeem Capital One’s 75,000 bonus miles welcome offer for maximum value

Capital One Venture Rewards vs. Capital One Venture X benefits

With the Venture Rewards, you’ll get up to a $120 credit for TSA PreCheck or Global Entry, as well as rental car and travel accident insurance, extended warranty protection and access to Capital One’s Lifestyle Collection of hotels and Capital One Entertainment.

Conversely, the Venture X has a stronger list of benefits that more than justify its higher annual fee if you can maximize them.

As a cardholder, you’ll get a $300 annual credit for bookings made through Capital One Travel.

Currently, Venture X cardholders and their authorized users get complimentary access to Capital One lounges and can bring two guests for free. Starting Feb. 1, 2026, you’ll need to spend $75,000 in a calendar year to keep free guest access; otherwise, adults will cost $45 each, children 17 and under $25, and children under 2 remain free.

With the Venture X, you’ll also get a Priority Pass lounge membership to over 1,700 locations worldwide. Guests can again join at no additional cost until Jan. 31, 2026, after which you’ll have to pay $35 per guest.

An additional benefit of Venture X is that you can add a limited number of authorized users for no additional fee. However, starting Feb. 1, 2026, if you want your authorized user to have lounge access, you’ll have to pay $125 for the privilege.

You’ll also receive 10,000 bonus miles, worth $185 according to TPG’s August 2025 valuations, at each cardholder anniversary, along with access to Capital One’s Lifestyle Collection and the luxury Premier Collection of hotels, travel protections, extended warranty protection and cellphone protection.

Winner: Venture X. As the more premium card offering, it has a much more robust list of benefits than the Venture Rewards.

Related: Is the Capital One Venture X worth the $395 annual fee?

Earning miles on the Capital One Venture Rewards vs. Capital One Venture X

Both the Venture Rewards and the Venture X earn bonus miles on travel booked through Capital One Travel and 2 miles per dollar spent on all other purchases. Both cards also earn 5 miles per dollar spent on Capital One Entertainment purchases (through Dec. 31, 2025).

With the Venture Rewards, you’ll earn 5 miles per dollar spent on hotels, vacation rentals and rental cars booked through Capital One Travel. However, if you have the Venture X, you’ll earn 10 miles per dollar spent on hotels and rental cars booked through Capital One Travel and 5 miles per dollar spent on flights and vacation rentals booked through the same portal.

Winner: Venture X. It earns double the miles as the Venture Rewards on hotels and rental cars booked through Capital One Travel. The Venture X also earns bonus miles on flights booked through Capital One Travel, while the Venture Rewards does not.

Related: 7 types of purchases you should make with your Capital One Venture Rewards card

Redeeming miles on the Capital One Venture Rewards vs. Capital One Venture X

Both the Venture Rewards and the Venture X earn Capital One miles and give you the same redemption options.

You’ll get the most value by transferring your miles to one of Capital One’s 15-plus transfer partners, but you can also redeem them for a statement credit to cover travel purchases or gift cards at a flat rate of 1 cent per mile.

Both cards allow you to redeem your miles for cash back, but you’ll get a much lower rate of 0.5 cents per mile, so we recommend avoiding this option whenever possible.

Winner: Tie. Both cards give you the same options to redeem your miles.

Related: Should you transfer Capital One miles to partners or redeem directly for travel?

Transferring miles with the Capital One Venture Rewards vs. Capital One Venture X

One of the best things about both the Venture Rewards and the Venture X is that they allow you to transfer your miles to one of Capital One’s 15-plus hotel and airline partners, including valuable options like Air France-KLM Flying Blue, British Airways Club and Turkish Airlines Miles&Smiles.

And if you can take advantage of a welcome bonus, you’ll get even more value from your miles. For instance, TPG senior points and miles writer Ben Smithson gets solid value from his miles by transferring them to Air Canada Aeroplan and Flying Blue.

Winner: Tie. Both the Venture Rewards and Venture X transfer to the same partners at the same rates.

Related: Cashing in Capital One miles? How to get the maximum value when redeeming miles

Should I get the Capital One Venture Rewards or Capital One Venture X?

If you’re focused on keeping your annual fee costs low, go with the Venture Rewards. You’ll get a strong earning rate, the ability to take advantage of Capital One’s transfer partners and some travel benefits for just a $95 annual fee. However, if you want airport lounge access and can maximize its $300 annual credit, the Venture X is the better choice.

Related: Who should (and shouldn’t) get the Capital One Venture X card?

How to upgrade from the Capital One Venture Rewards to the Capital One Venture X

If you already have Venture Rewards and want to upgrade to Venture X, you can call the number on the back of your card and request a product change. You won’t be able to take advantage of your new card’s welcome offer, but it’s a good way to get more benefits without worrying about eligibility.

You can also downgrade from the Venture X to the Venture Rewards through the same method.

Related: How Venture X saved me over $6,000 on a summer trip to France

Bottom line

Both the Venture Rewards and the Venture X are excellent travel rewards cards that earn bonus miles on Capital One Travel purchases and at least 2 miles per dollar on all other purchases.

The Venture X is a great card for those who can take advantage of its airport lounge access and annual travel credit, while the Venture Rewards is a better fit for anyone looking to keep their annual fee costs low. Regardless of which card you choose, you’ll get solid travel benefits and earn valuable transferable rewards.

To learn more, read our full reviews of the Venture Rewards and Venture X.

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Learn more: Capital One Venture Rewards

Learn more: Capital One Venture X

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For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.