Edited by: Chris Dong
& Kellie Jez
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Selecting the right business card can add bottom-line economic value to your business, help organize your expenses, and provide benefits that make your professional life easier.
The Capital One Venture X Business Card (information collected independently and not reviewed by Capital One) and the Ink Business Preferred® Credit Card are 2 exciting card options that match all of these priorities. Plus, both cards ensure that every purchase your business makes will earn rewards.
Because businesses can differ widely, we’ve compiled all the pertinent information you’ll need on today’s featured cards to make an informed decision on which card may be a better fit.
If you’re considering the Capital One Venture X Business card or the Ink Business Preferred card, you’ll find today’s card comparison timely and informative.
Because there is a great deal of information to consider when selecting a business card, we’ll start with a summary comparison of our featured cards before we get into the details.
|Feature or Benefit||Capital One Venture X Business Card||Ink Business Preferred® Credit Card|
|Welcome Offer||Earn 150,000 bonus miles when spending $30,000 in the first 3 months.||NEW OFFER: Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months.|
|Top Redemption Options||
|Top Travel Protections and Benefits||
Primary car rental insurance, trip cancellation, trip interruption, and trip delay
|Top Shopping Protections and Benefits||
|Annual Fee and Authorized Users||
Once you’re approved for either the Capital One Venture X Business card or the Ink Business Preferred card, you’ll have the opportunity to earn a generous welcome bonus.
Welcome bonus offers can be earned by meeting minimum spending requirements within the specified period immediately after card approval and can jumpstart your rewards earnings.
While welcome offers vary, these bonuses can have the potential to be worth thousands of dollars in value when redeemed for travel.
Here are some quick card snapshots that include the most current welcome bonuses:
The Capital One Venture X Business card offers at least 2x miles on all purchases, and comes packed with premium perks.
Information collected independently. Not reviewed by Capital One.
The Capital One Venture X Business card is a great all-around premium rewards card that helps you rack up miles on all of your business expenses.
From 2x miles on all purchases, airport lounge access, an annual travel credit, complimentary employee cards, and more, there is plenty to love about the Capital One Venture X Business card.
The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.
The Ink Business Preferred® Credit Card is a powerhouse for earning lots of points from your business purchases, especially for business owners that spend regularly on ads.
Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value.
Business owners will also love the protections the card provides like excellent cell phone insurance, rental car insurance, purchase protection, and more.
Earning rewards on the Capital One Venture X Business card and Ink Business Preferred card becomes automatic when using your card for everyday business expenses.
Here’s how you’ll earn rewards when spending on either card and additional ways to earn even more rewards.
Although the Capital One Venture X Business card does not yet have a referral link, once approved, you can log in to your online card account and see if one has been added.
The Ink Business Preferred card does offer referral opportunities. Currently, you can earn up to 40,000 bonus points for each approved referral, a total of up to 200,000 bonus points each year.
The Capital One Venture X Business card earns rewards in the form of Capital One miles. The miles are not frequent flyer miles but points with flexible redemption options. The Ink Business Preferred earns Ultimate Rewards points, which also have flexible options at redemption time.
We’ll talk more about redemption options coming up next. First, let’s look at how you will earn rewards by spending on each of our featured cards.
|Earning Category||Capital One Venture X Business Card||Ink Business Preferred Card|
||3x points on all types of travel (up to $150,000 in combined purchases for all 3x categories)|
|Business Expenses||2x miles||3x points for internet, cable/phone services, shipping expenses, ads purchased with search engines or social media sites (up to $150,000 in combined purchases for all 3x categories)|
|All Other Purchases||2x miles||1x points|
To determine which card has the better earning potential, you will need to look at the specific spending mix of your business.
For businesses that spend a lot on equipment purchases, fuel, dining, and print advertising and have annual expenses greater than $150,000, the Capital One Venture X Business card could be a good choice for earning rewards.
If most of your business spending falls into the bonus categories of the Ink Business Preferred card, up to the $150,000 maximum per year, you’ll likely do better with this card.
Earning rewards is just one important consideration when selecting a business card. We’ll talk about the importance of value at redemption time and other key benefits shortly.
Each card anniversary year, when you renew your Capital One Venture X Business card, you will receive 10,000 bonus miles.
The Ink Business Preferred card does not offer a renewal bonus.
|Redemption Option||Capital One Venture X Business Card||Ink Business Preferred Card|
|Statement Credits||Redeem for 0.5 cents each for a general statement credit||Redeem for 1 cent each for a general statement credit|
|Additional Redemption Options||Gift cards, Amazon, checkout with PayPal, experiences||Gift cards, Amazon, cash-back, merchandise|
There’s much to discuss about redeeming rewards on each of our featured cards. On the plus side, both cards offer the option to transfer rewards to airline or hotel partners, typically at a 1:1 ratio. While this is the redemption option with the most potential for upside value, the collection of partners differs by card. Some partners, such as Emirates Skywards, Virgin Atlantic Flying Club/Virgin Red, and Singapore KrisFlyer, overlap between the 2 programs. However, each has unique partners of their own, as well.
You’ll want to check out the list of Capital One transfer partners and Chase transfer partners. We value Capital One miles at approximately 1.8 cents each and Chase Ultimate Rewards at 2 cents when redeemed this way.
Chase Ultimate Rewards points also have the edge over Capital One miles when used as a general statement credit or cash-back at 1 cent each in value. Capital One miles are worth just 0.5 cents for a general statement credit. Additionally, Ultimate Rewards points are worth 1.25 cents each when redeemed for travel via the Chase travel portal while Capital One miles redeem via Capital One Travel for just 1 cent each.
The Capital One Venture X Business card and Ink Business Preferred card both come with a long list of premium travel benefits.
Here are some of the travel protections and benefits the cards have in common:
|Protection or Benefit||Capital One Venture X Business Card||Ink Business Preferred Card|
|Car Rental Insurance||Use your card to rent an eligible vehicle and receive coverage for collision or theft of most rental cars||Primary coverage when renting for business or when renting outside the U.S., secondary when renting for personal use within the U.S.|
|Lost Luggage||You may be eligible for reimbursement due to theft or misdirection||Up to $3,000 if baggage is lost, stolen, or damaged|
|Global Entry/TSA PreCheck Fee Reimbursement||Pay for your application or renewal fee for Global Entry or TSA PreCheck and receive up to $100 as a statement credit.|
|Hotel Program Benefits||Premier Collection and Lifestyle Collection hotel benefits||Luxury Hotel Collection Benefits|
|Foreign Transaction Fees||None|
Here are the additional benefits you’ll find on our featured cards and more details on some of the benefits listed above.
Eligible items purchased with the Capital One Venture X Business card or Ink Business Preferred card may have extra protection if something goes wrong with the purchase.
Shopping benefits that come with each card can also save money or help you earn additional rewards on your purchase.
Here are the shopping protections and benefits you’ll find on our featured cards:
|Protection or Benefit||Capital One Venture X Business Card||Ink Business Preferred Card|
|Purchase Security/Purchase Protection||Eligible purchases are covered for the first 90 days of purchase in the event of theft or damage||90 days from the purchase date up to $10,000 per claim, up to $50,000 per card account|
|Extended Warranty Protection||Extends the factory warranties of eligible items purchased with your card||For items with manufacturer’s warranties of 3 years or less, 1 year is added, up to $10,000 per claim, up to $50,000 per card account|
|Shopping Offers||Capital One Shopping||Chase Offers, Shop Through Chase|
Additionally, the Ink Business Preferred card comes with cell phone protection of up to $1,000 per claim for damage/theft for cardholder and employee phones listed on the monthly bill paid with the card, up to 3 claims per 12-month period, $100 deductible per claim.
The annual fee for the Capital One Venture X Business card is $395, and the annual fee for the Ink Business Preferred card is $95.
Adding authorized users to your business card can help with managing expenses. Additional cards for key employees can allow them to make purchases and free up a business owner for more important tasks. Plus, the expenses can be monitored and tracked.
Fortunately, there is no additional fee to add employee cards to either of our featured cards.
Some of the common travel/shopping protections and benefits will have different terms and conditions and even different coverage limits.
Also note that we haven’t included every feature or benefit that comes with our featured cards, just key ones for comparison purposes. We’ve also abbreviated the descriptions.
The source for full information will be each card’s Guide to Benefits.
Additionally, the Capital One Venture X Business card is a charge card with no preset spending limit. This also means that the card must be paid off each statement period.
The Ink Business Preferred card is a credit card that charges interest when a balance is carried from one statement period to the next.
At first glance, the Capital One Venture X Business card has a higher annual fee than the Ink Business Preferred card. If you value worldwide lounge access and can utilize the up to $300 travel credit with Capital One Travel, you may realize value beyond that annual fee with just those 2 benefits.
When we look at earning potential, the better card for your business will depend on your business’s spending patterns. If your expenses include high levels of spending for online advertising, shipping, and phone services, earning 3x points with the Ink Business Preferred card can be compelling. If your spending is in other categories, or greater than $150,000, earning 2x miles on all of those purchases with the Capital One Venture X Business card could make sense.
While both cards have flexible redemption options, the Ink Business Preferred has the option to redeem points for cash/statement credit at the rate of 1 cent each — an option, while not good value, that could deliver cash funds in a pinch. Points can also be redeemed for 1.25 cents each through the Chase travel portal, while Capital One miles can be redeemed for just 1 cent each via the associated portal.
You won’t go wrong selecting either card if you take the time to match the card’s strengths to your business structure and preferences.
The information regarding the Capital One Venture X Business Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The better card for your business will depend on which card rewards your highest business expenses and matches your preferences at redemption time. Additionally, both cards are packed with travel/shopping protections and benefits. The card offering benefits that can add economic value to your specific situation will be the better fit. Finally, your tolerance for paying an annual fee will also help determine which is the better card for your operation.
No, the Ink Business Preferred card does not offer airport lounge access. However, the card does come with a long list of useful travel insurance benefits.
The Capital One Venture X Business card is a charge card and has no preset spending limit or credit limit. This also means the card must be paid off, in full, each statement period.
The Capital One Venture X Business card has an annual fee of $395.
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UP's Bonus Valuation
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.