Small business owners have enough on their minds without always trying to maximize their credit card rewards. It’s easy enough to choose a card that promises a high sign-up bonus and plenty of perks, helping you save money on your spending or improve your travels. But when it’s time to redeem those hard-earned points and miles, it can be difficult to know where to start.
That’s where the Capital One Venture is useful. With the Venture
Here’s why you should consider the Venture X Business card for your small business.
Flexible redemption options
One of the most powerful aspects of Venture
This allows you to use your miles to cover travel purchases you’ve made with your card in the last 90 days, essentially reimbursing yourself for the cost. Eligible purchases that can be covered with Capital One miles include train tickets, Uber rides, and even Airbnb purchases.
You can also cover hotel stays, airfare, and rental cars booked outside of Capital One Travel, so you can book directly with your favorite travel providers and still enjoy the elite status benefits you’re entitled to. This flexibility is unparalleled compared to other premium business cards.
However, if you’re already invested in the world of loyalty programs, you also have the option to transfer miles to one of Capital One’s transfer partners. This can help make your rewards even more valuable, but most importantly, you are in control based on what makes sense for you and your small business.
Let’s say you found a deal on an $800 round-trip flight to Europe next summer on your preferred airline and on ideal departure dates. You can book it directly online and then use 80,000 Capital One Miles for a statement credit to clear the purchase from your account.
However, if that same flight only had 30,000 points through Air Canada’s Aeroplan program, you can transfer 30,000 Capital One miles to your Aeroplan account (at a 1:1 ratio) to book the flight.
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But this flexibility becomes even better when you take into account the earning structure on the card.
Valuable earning rates and lucrative welcome bonus
The Venture X business card This allows you to earn miles in a simple yet lucrative way, starting with the welcome offer. If you apply for (and are approved) the Capital One Venture
In addition, you earn Miles on your business expenses at the following rates:
- 10 miles per dollar spent on hotels and rental cars booked through Capital One Travel
- 5 miles per dollar spent on flights booked through Capital One Travel
- 2 miles per dollar spent on all other purchases (without limit)
Here’s a real-world example of how this can directly impact your company’s bottom line.
Let’s say you have a corporate retreat coming up and you want to pay for your employees’ hotel rooms ($200 per night) with Capital One miles you’ve earned on your Venture X Business card. If there are five employees who each need a hotel room for two nights, that’s a total of $2,000, which would require 200,000 miles.
If you consider the initial welcome bonus (150,000 miles) plus the rewards you would earn from spending to earn that bonus ($30,000 x 2 miles per dollar = 60,000 miles), you already have enough to cover that cost.
Other cards with smaller sign-up bonuses and lower earning rates would require significantly more spending to unlock $2,000 in hotel rooms.
But the value doesn’t stop there.
Premium benefits and business benefits for a low annual fee
As a Venture
To start, you’ll receive $300 Capital One Travel travel credit, which applies to flights, hotels and car rentals purchased through Capital One Travel. You’ll also enjoy up to $100 in statement credits toward a Global Entry or TSA PreCheck application fee every four years. Plus, you’ll earn 10,000 bonus miles every year starting on your card member’s first birthday.
These benefits alone easily cover the annual cost of the card – and they’re simple to use. When you make purchases through Capital One Travel, you’ll get up to $300 back every year. When your card renews, you will automatically receive 10,000 bonus miles.
However, the premium benefits don’t stop there. Here’s what else you’ll enjoy as a Venture X Business cardholder:
- Complimentary access to Capital One Lounges with unlimited visits for you and up to two guests
- Complimentary access to Priority Pass and Plaza Premium lounges, including up to two guests
- Extra benefits on luxury hotel stays with the Premier Collection
- A variety of travel and shopping protections
But the Venture
For starters, you don’t have a preset spending limit on the card. This allows you to buy what you need to finance your activities.
And no matter the size of your company, you want to get the most out of every expense, including those of your employees. With the Venture
These functions ensure even more efficiency in your daily work.
The Capital One Venture is aimed at small business owners who want simple earning rates, flexible rewards, valuable benefits and additional features to streamline their purchasing process. You can easily redeem the miles you earn with the Venture
You’ll also get a host of easy-to-use benefits, including a $300 annual credit for bookings through Capital One Travel and 10,000 bonus miles per year from the first anniversary of your account.
And if you factor in the 150,000 mile sign-up bonus, this could be a good time to consider getting the card for your small business.
Apply now: Capital One Venture