Capital One VentureOne Business Review

Pros

• Generous rewards program
• Early spend bonus
• Competitive APR
• No annual fee

Cons

• No introductory APR
• Requires excellent credit

What Is Capital One VentureOne Business?

Capital One VentureOne Business (previously known as Capital One Spark Miles Select) is a travel business credit card. With a flat rate of 1.5x miles per $1 spent (plus 5x miles per $1 spent on hotels, vacation rentals, and car rentals booked via Capital One Business Travel) with no cap, miles are easy to earn and redeem.

Miles can be used for most travel purchases, such as flights, hotels, and car rentals.

Capital One VentureOne Business: Quick Facts

Rewards & Perks

VentureOne Business is an all-around strong card when it comes to rewards. You’ll get unlimited 1.5x miles on all purchases, extra rewards for travel bookings made through Capital One Business Travel, and a generous early spend bonus.

Early Spend Bonus

This card comes with an early spend bonus of 50,000 miles if you spend $4,500 on purchases within the first 3 months. Capital One values the 50,000-mile bonus at $500 toward travel, though redemption values may vary depending on how miles are used.

Unlimited 1.5x Miles On All Purchases

The VentureOne Business card’s base rewards scheme isn’t flashy, but it gets the job done: You’ll nab 1.5x miles per dollar spent on all purchases. There’s no cap on what you can earn, plus no restrictions on purchase categories.

5x Miles On Hotels, Vacation Rentals, & Rental Cars

You’ll earn miles at a 5x rate when booking hotels, vacation rentals, and rental cars through Capital One Business Travel. It’s a great perk, but remember that all other charges made outside of Capital One Business Travel (such as room charges or upgrades) will collect miles at the card’s standard 1.5x rate.

Additionally, booking outside of Capital One Business Travel won’t trigger the 5x rate.

Redeeming Rewards

The easiest redemption option is to use your miles through Capital One Business Travel. When booking travel through Capital One, you’ll be able to use your miles on airfare, hotels, packages, car rentals, and more. According to Capital One, there are no blackout dates or seat restrictions, and there is no required minimum redemption amount.

Besides travel, Capital One allows you to redeem miles for cash as a check or account credit, gift cards from an array of merchants, and more. Note that if you choose one of these redemption methods, the cash value of your miles may vary from the standard $0.01 per mile rate.

What’s more, you can transfer your miles to select air travel loyalty programs. Capital One currently offers the ability to transfer miles to 15+ partners, including JetBlue, Emirates Skywards, Air Canada, and Air France.

As with all Capital One business credit cards, miles earned with VentureOne Business won’t expire for the duration your account is active. You may be able to transfer miles between select Capital One accounts, but if you close your account, unredeemed rewards will be lost.

Rates & Fees

Though VentureOne Business no longer offers an introductory 0% APR, the card’s ongoing APR is quite competitive, plus there is no annual fee.

A Competitive APR

VentureOne Business carries an APR that ranges from 16.74% - 22.74% (variable). While this rate is competitive against other credit cards, you won’t have to worry about it as long as you pay off your bill every month.

No Annual Fee

A plus for frugal businesses, this card carries no annual fee. This is especially impressive when you consider that the VentureOne Business card offers an enticing rewards rate of 1.5x miles per dollar.

No Foreign Transaction Fees

Like other Capital One business credit cards, the VentureOne Business card has no foreign transaction fees. Because this card is marketed as a travel card, its lack of foreign transaction fees is important for frequent overseas travelers.

Other Fees

Despite lacking annual and foreign transaction fees, there are a couple of standard credit card fees to watch out for. These include a cash advance fee of either $5 or 5% of the amount of each cash advance (whichever number is higher) and a late payment fee of up to $39.

Card Features

Capital One offers a full range of business benefits with all its business credit cards, and VentureOne Business is no exception. Here’s what to expect.

Eligibility Requirements

Capital One designed the VentureOne Business card to be used by business owners with excellent credit. Capital One defines excellent credit as generally meeting the following criteria:

• Never declared bankruptcy or defaulted on a loan
• Been no more than 60 days late for a payment in the past year on credit cards, medical bills, or loan repayments
• A loan or credit card for at least three years with a credit limit of $5,000 or higher

If we distill “excellent credit” into a single score, those with a credit score of at least 740 are often considered to have excellent credit. Note that this number is just a guideline — Capital One does not market a minimum credit score for this card.

Customer Service

Capital One offers customer support, online account access, and help center resources for business cardholders.

Capital One offers support resources and online account access, along with help center content for common questions.

Capital One VentureOne Business Reviews

Capital One VentureOne Business gets good reviews from both professional reviewers and cardholders. The card gets an average user score of 3.9/5 at WalletHub (based on 310+ reviews).

Here’s a summary of what we’ve found in the user reviews.

Final Verdict: Is Capital One VentureOne Business Right For You?

Capital One’s VentureOne Business card is one of the strongest business credit card options for frequent travelers. It’s no mistake that we’ve given it an excellent overall score. Uncapped rewards, no annual fee, and enhanced miles on hotels, vacation rentals, and rental cars booked through Capital One Business Travel — it all adds up to a card that will fit a wide range of businesses.

Keep in mind that if you run a large business/corporation with expense management needs — and you want to avoid personal liability for any debts incurred — you might want to go with one of the best corporate credit cards instead.

You might want to apply if…

• You want a no-annual-fee business travel card with simple, flat-rate miles
• You or your employees do a lot of travel, and you want a card with flexible travel rewards
• You want a simple way to earn travel rewards

You might want to look for a different card if…

• You spend enough to justify a travel card with an annual fee and higher base rewards
• You want cash back instead of miles
• You don’t have excellent credit