Capital One Venture X Business Card Coming Soon With Premium Benefits

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• Capital One Announces New Capital One Venture X Business Card

  next week.

• This card is a rebranding of the Capital One Spark Travel Elite Card, which was only available through Capital One Relationship Managers.
• It’s very similar to the Capital One Venture X Rewards personal credit card, except it’s a charge card instead of a credit card.
• Read Insider’s guide to the best small business credit cards.

Last year, Capital One quietly launched a Small Business Rewards Card available only to clients with a Capital One Relationship Manager. The Capital One Spark Travel Elite Card was strikingly similar to the issuer’s premium credit card, the Capital One Venture X Rewards Credit Card, with comparable return rates, travel benefits and annual fees.

The cards are now even more aligned. The Capital One Spark Travel Elite Card will be rebranded next week as the new Capital One Venture X Business Card.

Rolling out a small business version of the popular Venture X Rewards credit card makes a lot of sense as the cards are very similar. We don’t have information about new welcome bonuses, but the Capital One Spark Travel Elite card previously offered 50,000 Capital One Miles after spending $10,000 on purchases in the first 3 months and $50,000 on purchases in the first 6 months. There was a referral offer of 200,000 miles after spending. Moon.

But it’s not all good news. Because the Venture X Business Card isn’t for everyone. As with previous incarnations, you must apply for the card through a Capital One Relationship Manager (they are the liaison between the business his owner and the bank that assists in arranging accounts, loans, and other credit something like ). No online application link.

Here’s what we know about the new Venture X Business Card so far.

Here we focus on the rewards and perks that come with each card. These cards are worthless if you are paying interest or late fees. When using a credit card, it is important to pay the balance in full each month, make payments on time, and only spend what you can afford.

Capital One Venture X Business Card Coming Soon

One of the main differences between the Venture X Business Card and its personal sibling card is that this is a charge card. This means there are no preset usage limits and the card must be paid in full each month to avoid late fees. .

Charge cards are useful for small business owners because they give them the flexibility to make large purchases without reaching their credit limit. That said, no preset spending limit does not mean unlimited spending power. Banks typically evaluate your credit profile, payment and purchase history, and other factors before approving a large transaction.

Aside from that (and the as-yet-unknown welcome bonus offer), the Venture X business card is pretty much the same as the Venture X Rewards credit card. Cardholder earns 10x miles on hotels and car rentals booked with Capital One Travel, 5x miles on flights booked with Capital One Travel, and he doubles miles on all other purchases, unlimited .

Both cards have similar benefits, including:

The Venture X Business Card earns Capital One miles just like the Venture X Rewards credit card and other cards such as the Capital One Venture Rewards credit card and Capital One Spark Miles for Business.

Capital One VentureOne Rewards credit card.

These miles are very flexible. Transfer miles to book award travel with more than 12 Capital One airline and hotel partners, or make a statement for qualifying travel purchases made with your credit card at a rate of 1 cent per mile Because you can exchange it for credit.

So far, no other card details have been said, such as welcome bonuses or protection for certain trips or purchases.

If you don’t have a Capital One relationship manager or business credit card eligibility, all is not lost. The Capital One Venture X Rewards credit card is a much more accessible option and currently offers a huge welcome bonus of 75,000 bonus miles when you spend $4,000 on purchases within the first three months of account opening ( About $1,275 worth of travel, insider review).

Read our full Capital One Venture X Rewards card review to take a closer look at what this top travel credit card has to offer.