Capital One Venture X Business Card: Requirements, Ideal Credit Score, and Approval Tips [2024]

The Capital One Venture X Business Card*×Information collected independently. Not reviewed by Capital One. is one of the best business cards a small business owner can have.

From airport lounge access to an annual travel credit and a whopping 2x to 10x miles earning on bonus categories, it’s an essential credit card to keep in your wallet as a business owner.

You must first be approved before you can earn and redeem Capital One miles on the card. But what do you need for an approval?

We’ll review the factors Capital One utilizes when evaluating applications. Without further adieu, let’s dive right in!

Capital One Venture X Business Card Snapshot

Capital One Venture X Business Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Capital One Venture X Business card offers at least 2x miles on all purchases, and comes packed with premium perks.

Capital One Venture X Business Card

The Capital One Venture X Business card offers at least 2x miles on all purchases, and comes packed with premium perks.

Welcome Offer

Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening

150,000 miles

UP's Bonus Valuation*:

$2,700

Annual Fee

$395

APR

All charges made on this account are due and payable in full when you receive your periodic statement. The minimum payment due is the New Balance as indicated on your statement.

Why We Like This Card

The information regarding the Capital One Venture X Business card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

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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 per dollar 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.

Pros & Cons

Pros

• 10x miles per dollar on hotels and rental cars purchased through Capital One Travel
• 5x miles per dollar on flights and vacation rentals purchased through Capital One Travel
• 2x miles per dollar on all other purchases

Cons

• $395 annual fee (rates and fees)
• 10x and 5x bonus categories are limited to Capital One Travel bookings

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Card Highlights

• Earn unlimited 2X miles per dollar on every purchase, everywhere—with no limits or category restrictions
• This card has no preset spending limit, so you get purchasing power that adapts to your spending needs. The annual fee on this card is $395
• Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening
• Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
• Earn unlimited 10X miles per dollar on hotels and rental cars and 5X miles per dollar on flights and vacation rentals booked through Capital One Travel, where you’ll get the best prices on thousands of options
• Every year, you’ll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings through Capital One Travel
• Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
• Skip the lines with up to a $120 statement credit on TSA PreCheck^® or Global Entry. Then enjoy unlimited complimentary access to Capital One Lounges and a network of 1,300+ lounges worldwide, including Priority Pass™ and Plaza Premium Group lounges
• This is a pay-in-full card, so your balance is due in full every month
• Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
  

Financial Snapshot

• APR: All charges made on this account are due and payable in full when you receive your periodic statement. The minimum payment due is the New Balance as indicated on your statement.
• Foreign Transaction Fees: None

Rewards Center

Capital One Miles

What Goes Into a Credit Score?

When you apply for a new line of credit, your FICO score is used by more than 90% of lenders to make credit risk decisions.

To create an accurate snapshot of your score, FICO takes the following factors into account:

• Payment history (35%)
• Amounts owed (30%)
• Length of credit history (15%)
• New credit (10%)
• Credit mix (10%)

Payment history is the most important credit score factor. As you see, it makes up more than a third of your overall score. Making the minimum payment each month is essential, even if you can’t pay off the entire balance. Just 1 missed payment can hurt your credit score for months or years.

Amounts owed make up 30% of your credit score and are the percentage of the total available credit you use per month (your credit utilization). Having credit accounts and owing money doesn’t necessarily make you high risk. However, if you’re using much of your available credit, that can send warning signs to issuers.

The length of your credit history is 15% of your credit score. It’s calculated by taking the average age of all your credit cards. Generally, having a longer credit history is positive for your FICO scores. 

New credit — 10% of your credit score — refers to the number of hard inquiries on your account. Generally, issuers consider opening several credit accounts in a short amount of time to be a greater risk. This is especially true if you don’t have a long credit history.

Finally, credit mix (10% of your score) is the type of credit you have on your credit report. This includes (but isn’t limited to) credit cards, auto loans, personal loans, student loans, and mortgages. Having a better mix is viewed favorably by lenders. However, you aren’t required to have 1 of each for a good score.

Now that you know the factors, let’s find out how to check your credit score.

How To Check Your Credit Score

You can check your credit score for free in several ways, such as credit score apps, credit monitoring services, and through your financial institution.

Sites such as Capital One CreditWise, Chase Credit Journey, Credit Karma, and Credit Sesame offer a VantageScore. The industry standard is the FICO score, so consider a free service like American Express MyCredit Guide or Discover’s Credit Scorecard to access this preferred score.

Credit Score Required

Capital One recommends excellent credit for the Capital One Venture X Business card. But a high score alone may not be enough to get you approved. 

Capital One describes “excellent credit” as someone who has:

• Never declared bankruptcy
• Never defaulted on a loan
• Never been more than 60 days late on any credit card, medical bill, or loan in the last year 
• Had a loan or credit card for 3 years or more with a credit limit above $5,000

It’s been our experience that the number of new credit cards in the last 2 years is one of the strongest indicators in determining whether or not you’ll be approved.

Having a manageable balance may also get you approved for the card, our experience has shown. Finally, limited credit history is a red flag for Capital One, so we recommend at least 2 years of excellent credit history before applying.

You’ll want to apply only for the Capital One Venture X Business card when you feel confident you’ll get approved. That’s because Capital One performs hard inquiries on all 3 bureaus, and these inquiries will stay on your credit report for 2 years. Also, ensure your credit reports aren’t frozen, as the issuer is unlikely to approve your application if it can’t access your credit.

Maximizing Success – Capital One Venture X Business Card Application

Avoid Applying for More Than 1 Capital One Card Every 6 Months

Capital One has a hard rule coded into its systems that will auto-decline any applications submitted within 6 months of your previous application, regardless of the prior application’s decision.

Avoid Applying for Credit Cards Before Submitting an Application

It’s best to avoid applying for new lines of credit before applying for the Capital One Venture X Business card. Even with excellent credit, if you apply for another card and then apply for the Capital One Venture X Business card, you risk your application being denied.

Another tip to keep in mind is to avoid applying if you have a recent history of missed payments or delinquencies. If you have a habit of missing payments, we recommend waiting to apply until you have a positive payment history of at least a year to demonstrate to the issuer that you are responsible with credit. 

Finally, keep track of the number of open accounts you have. If you’ve opened 6 or more new credit cards as reported to your credit report in the last 2 years, you will have dramatically reduced approval odds. You can check the number of open accounts by looking at your credit score.

How To Increase Your Credit Score

Not ready to apply for the Capital One Venture X Business card just yet? If credit concerns are an issue, there are ways to increase your credit score.

The most reliable way to improve your credit score is to make on-time payments and keep your balances low, ideally paying your credit card bill in full each month.

If you’re building or rebuilding credit, Capital One offers a bevy of unsecured and secured credit cards for those with limited or poor credit. Secured credit cards require a cash deposit as collateral for purchases made with the card. Unsecured credit cards do not require a cash deposit.

If you’re looking for quicker ways to increase your credit, you may consider becoming an authorized user of someone else’s credit card. This option is good if the primary user has a good payment history. When you’re an authorized user, you can inherit that credit card’s history and increase your credit score, provided the card has a history of on-time payments and low balances.

One of the best ways to increase your credit score is to dispute any errors on your credit report. You can submit disputes with each credit bureau to resolve inaccuracies such as identity theft or accounts opened in your name that aren’t yours. However, these have to be actual inaccuracies, and the credit bureaus will likely investigate to determine the validity of the dispute. If it’s deemed a valid account, your dispute will be rejected.

Final Thoughts

The Capital One Venture X Business card is a must-have for business owners looking to maximize their travel and earn a ton of miles. 

Cardholders will receive lounge access to Capital One Lounges and the Capital One Partner Lounge Network, up to 10x miles on select purchases, a $300 annual Capital One Travel credit, TSA PreCheck or Global Entry credit, and more — all with a reasonable annual fee.

But as you now see, getting approved for the Capital One Venture X Business card requires far more than just great credit. Therefore, you’ll want to apply for the card only when it’s the right time to do so.