Capital One Venture X Business Card Coming Soon With Premium Benefits

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• Capital One will soon introduce the new Capital One Venture X Business Card
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• This card is a rebrand of the Capital One Spark Travel Elite card, which was only available through Capital One Relationship Managers.
• It’s very similar to the personal Capital One Venture X Rewards Credit Card, except it’s a charge card, not 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 exclusively to clients with a Capital One Relationship Manager. The Capital One Spark Travel Elite card was noticeably similar to the issuer’s premium credit card, the Capital One Venture X Rewards Credit Card, with parallel earning rates, travel benefits, and annual fees.

Now the cards are even more aligned. The Capital One Spark Travel Elite card will rebrand as the new Capital One Venture X Business Card. Current cardholders will see the change happen next week, but new applications won’t be open until after the transition to the new name.

Rolling out a small-business version of the popular Venture X Rewards Credit Card makes a lot of sense, since the cards are so similar. The welcome bonus offer will be the same as the previous version; new cardholders can earn 50,000 Capital One miles after spending $10,000 on purchases in the first three months, and 200,000 miles after spending $50,000 on purchases in the first six months. 

But it’s not all good news, because the Venture X Business Card won’t be available to just anyone. As with its previous incarnation, you’ll need to apply for the card through your Capital One Relationship Manager (they’re like a liaison between business owners and the bank who help arrange accounts, loans, and other credit) when it becomes available. There’s no online application link.

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

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Capital One Venture X Business Card arriving soon

One of the main differences between the Venture X Business Card and its personal sibling is that it’s a charge card — that is, there’s no preset spending limit, and you’ll need to pay your card off in full each month to avoid a late fee.

Charge cards are handy for small-business owners because they allow the flexibility to make large purchases without running up against a credit limit. That said, no preset spending limit doesn’t mean unlimited spending power — banks typically assess your credit profile, payment and purchase history, and other factors before approving big transactions.

Apart from that and the welcome bonus offer, the Venture X Business Card is nearly identical to the Venture X Rewards Credit Card. Cardholders earn 10x miles on hotels and rental cars booked through Capital One Travel, 5x miles on flights booked through Capital One Travel, and unlimited 2x miles on all other purchases.

Both cards have similar benefits well, 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, Capital One Spark Miles for Business
, and Capital One VentureOne Rewards Credit Card.

These miles are incredibly flexible, because you can either transfer them to over a dozen Capital One airline and hotel partners to book award travel, or redeem them for statement credits against eligible travel purchases made with your card at a rate of 1 cent per mile.

So far, there’s no word on other card details, including specific travel or purchase protections. 

If you don’t have a Capital One Relationship Manager or don’t qualify for a business credit card, all is not lost. The Capital One Venture X Rewards Credit Card is a much more accessible option, and its currently offering a big welcome bonus of 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening (worth around $1,275 in travel, according to Insider’s valuations).

You can read our full Capital One Venture X Rewards card review for a closer look at what this top travel credit card has to offer.