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Capital One is launching a new premium business credit card. The card is expected to go live next week (mid-February 2023). More details below.
About The Launch
Capital One recently launched a small-business rewards card, the Capital One Spark Travel Elite Card, which was exclusively available to clients with a Capital One Relationship Manager. The card was similar to the issuer’s premium credit card, the Capital One Venture X Rewards Credit Card, with similar earning rates, travel benefits, and annual fees.
Next week, the Capital One Spark Travel Elite card will be rebranded as the new Capital One Venture X Business Card, aligning the two cards even further. Launching a small-business version of the popular Venture X Rewards Credit Card makes sense, as the two cards have many similarities. Although there is no news of a new welcome bonus, the Capital One Spark Travel Elite card previously offered an introductory offer of 50,000 Capital One miles after spending $10,000 in the first three months, and 200,000 miles after spending $50,000 in the first six months. It is expected the rebranded card will have the same offer.
Please note that the Venture X Business Card is not readily available to everyone. To apply for the card, you must go through your Capital One Relationship Manager, as there is no online application link.
- Up to 250,000 points sign-up bonus.
- 10x miles on hotels and car rentals when booking through Capital One’s travel portal
- 5x miles on flights when booking through Capital One’s travel portal
- 2x miles on all other purchases
- 10,000 miles anniversary bonus
- $300 annual travel credit for bookings through Capital One’s travel portal
- Lounge access: Priority pass lounge access and Capital one lounge access
- $100 TSA PreCheck or Global Entry credit every 4 years
- $395 annual fee
More details to come. There’s a hefty annual fee, but the premium benefits more than offset it—not to mention the whopping 250,000 points welcome bonus!
See our list of best credit cards for earning cash, points, miles, and discounts here.
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