spot_img
Continua após a publicidade..
Continua após a publicidade..
Continua após a publicidade..

Is the Venture X Business worth the annual fee?


Continua após a publicidade..

The Capital One Venture X Business made a splash with its 2023 launch, sporting a jaw-dropping welcome offer as well as many of the things we love about its personal counterpart, the Capital One Venture X Rewards Credit Card.

One such similarity is the $395 annual fee (see rates and fees for the Venture X Business; see rates and fees for the Venture X). This is a bargain compared to some other premium business credit cards, such as The Business Platinum Card® from American Express with its $695 fee (see rates and fees). Still, it’s considerably higher than the American Express® Business Gold Card‘s $295 annual fee (see rates and fees); increases to $375 on Feb. 1) and the $95 annual fee on Chase’s Ink Business Preferred Credit Card.

So, does the Venture X Business offer enough benefits and earning potential to justify its premium fee? Here’s what you need to know if you’re on the fence.

Continua após a publicidade..

Welcome offer

Currently, new applicants can earn up to 300,000 bonus Capital One miles: 150,000 Capital One miles after spending $20,000 in the first three months from account opening and another 150,000 after spending $100,000 in the first six months.

ARTISTGNDPHOTOGRAPHY/GETTY IMAGES

TPG values Capital One miles at 1.85 cents each, making this bonus worth an impressive $5,550. If you can meet the steep minimum spending requirement, the full bonus alone is valuable enough to justify paying the card’s $395 annual fee for more than 14 years (see rates and fees).

Continua após a publicidade..

Related: How to maximize your Capital One miles

Earning potential

Beyond the Venture X Business welcome bonus, you’ll earn 10 miles per dollar on hotels and rental cars purchased through Capital One Travel, 5 miles per dollar on flights purchased through Capital One Travel and 2 miles per dollar on all other purchases.

You can redeem your miles most simply by redeeming them for a statement credit to cover travel expenses. If you go this route, you’ll get a value of 1 cent per mile.

GEORGIJEVIC/GETTY IMAGES

But you can also transfer your miles to any of Capital One’s 15-plus hotel and airline partners, including valuable options like Air Canada Aeroplan, Singapore Airlines KrisFlyer and Wyndham Rewards. By taking advantage of these transfer options, you’ll usually get a value of at least 1.85 cents per mile, according to our valuations.

Daily Newsletter

Reward your inbox with the TPG Daily newsletter

Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG’s experts

The ability to earn at least 2 miles per dollar, an effective 3.7% return, on all your purchases makes the Venture X Business an especially attractive option for big-spending business owners who don’t want to worry about bonus categories. With this card, you can feel confident knowing you’re earning valuable rewards no matter what you’re buying.

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

$300 annual credit

Each year, Venture X Business cardholders receive $300 in credits for travel booked through Capital One Travel. This credit is automatic, which makes it relatively easy to use.

D3SIGN/GETTY IMAGES

However, it is worth noting that since the credit is limited to travel booked through the Capital One portal, you’ll likely give up any hotel or rental car elite status perks. The drawbacks of booking through a portal can put a damper on the value of this annual credit.

Still, fully taking advantage of this perk will bring your effective annual fee down to just $95 (see rates and fees).

Related: How to decide whether to book travel directly or through a portal

Anniversary bonus miles

The travel credit isn’t the only annual perk you’ll get as a Venture X Business cardholder. Every year, on your account anniversary, you’ll also receive 10,000 bonus miles, worth $185, according to TPG valuations.

ZACH GRIFF/THE POINTS GUY

Even if you redeem these anniversary miles directly for travel at a rate of 1 cent per mile, this annual bonus is worth $100. This perk and the travel credit combined more than justify the card’s $395 annual fee (see rates and fees) each year.

Lounge access

As a Venture X Business cardholder, you get unlimited access to Capital One Lounges — currently open at Dallas Fort Worth International Airport (DFW), Dulles International Airport (IAD) and Denver International Airport (DEN) — as well as Priority Pass and Plaza Premium lounges.

KYLE OLSEN/THE POINTS GUY

Note that, unlike the personal Venture X, lounge access does not extend to authorized users.

Without credit card access, you would have to pay $65 for a Capital One Lounge daypass, meaning just one visit with two guests would cost $195. Six visits alone, or two visits with two guests each time, would cost $390 out of pocket, so you’ll make up the annual fee’s (see rates and fees) value quickly if you can take advantage of your Capital One Lounge access.

Related: Capital One Venture X vs. Venture X Business

Other perks

On top of these super-valuable perks, the Venture X Business includes additional travel benefits and protections:

These benefits are more difficult to quantify, but they’ll provide added comfort and peace of mind during your travels.

Related: 7 steps to take when an airline loses your luggage

Bottom line

If you can take advantage of all the Venture X Business benefits, you’ll more than justify the annual fee year after year. The benefits are so valuable that you only have to utilize a few to make up for the card’s fee each year. However, if you can’t maximize the annual travel credit or airport lounge access, you may want to go with another of our favorite business credit cards.

To learn more, read our full review of the Venture X Business.

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


Apply here: Capital One Venture X Business


For rates and fees of the Amex Business Platinum, click here.
For rates and fees of the Amex Business Gold, click here.



Source link

Rômulohttps://noticiasreal.com.br
Romulo is a renowned American entrepreneur who resides in the United States, recognized for his entrepreneurial vision and inspirational leadership. Born into a humble family, Romulo demonstrated an uncommon determination and a natural talent for business from an early age. After completing his studies in business administration, Romulo ventured to the United States, where he immersed himself in the business world, founding his first company at the age of 25. His bold vision and ability to identify market opportunities quickly led him to success on American Throughout his career, Romulo has played key roles in various industries, from technology to finance, always striving to innovate and create value for his clients and investors. His customer-centric approach and dedication to operational excellence have made his companies industry benchmarks, contributing to his recognition both in the United States and interna In addition to his business achievements, Romulo is known for his commitment to corporate social responsibility. He is a passionate advocate for education and community development, dedicating time and resources to support initiatives that promote equal access to education and gr Currently, Romulo leads a diversified conglomerate with a global presence and a significant impact in the markets where he operates. His long-term vision and ability to adapt to the nuances of the American market make him a respected and admired leader among his peers and competitors in the Unit Outside the office, Romulo is an avid reader and nature lover. He believes in the importance of finding a balance between work and personal life, constantly seeking new ways to challenge himself and grow, both profession With a career marked by extraordinary achievements and an unwavering commitment to sustainable success, Romulo continues to be a prominent figure in the international business landscape and a source of in

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

10 + fourteen =

- Advertisement -spot_img

Latest Articles