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Capital One Drops an Unprecedented 400K Welcome Offer on the Venture X Business Card

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Stella Shon
Updated: 
Edited by: Ryan Smith
& Jestan Mendame
Capital One Drops an Unprecedented 400K Welcome Offer on the Venture X Business Card
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Capital One has just launched the biggest welcome bonus offer we’ve ever seen offered from any card issuer, though it’s paired with an equally colossal spending requirement.

Eligible new applicants of the Capital One Venture X Business CardInformation collected independently. Not reviewed by Capital One. can now score up to 400,000 bonus miles. This welcome offer is split into 2 parts, as cardholders can earn 200,000 miles after spending $30,000 in the first 3 months and an additional 200,000 miles when spending a total of $150,000 in the first 6 months.

As Capital One’s most premium business card, this introductory bonus offer is clearly targeted at those who can spend hundreds of thousands of dollars on business expenses every year — if not more. If you’re in that demographic, this might be the best business credit card to pick up right now.

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Earn up to 400K Miles With the Capital One Venture X Business Card

Built on the framework of the popular Capital One Venture X Rewards Credit Card (the consumer card), Capital One launched the business version of the card in fall 2023. While the Capital One Venture X Business card comes with similar perks, it’s specifically designed with business owners in mind.

LIMITED-TIME OFFER
Capital One Venture X Business Card
Capital One Venture X Business Card
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The rating for this card has been determined by our own industry experts who know the ins and outs 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.
Earn up to 400k bonus miles: 200k miles when you spend $30k in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months.
Up to 400,000 miles
Up to $7,200
$395
This is a pay-in-full card, so your balance is due in full every month.
Why We Like This Card

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 Business Travel
  • 5x miles per dollar on flights and vacation rentals purchased through Capital One Business Travel
  • 2x miles per dollar on all other purchases
Cons
  • $395 annual fee
  • 10x and 5x bonus categories are limited to Capital One Business Travel
Read Full Review
Card Highlights
  • LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
  • Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
  • Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
  • With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
  • 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
  • Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
  • Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
  • Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
  • Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
  • This is a pay-in-full card, so your balance is due in full every month
Financial Snapshot
  • APR: This is a pay-in-full card, so your balance is due in full every month.
  • Foreign Transaction Fees: None
Rewards Center

Capital One Miles

This new welcome offer isn’t just the best-ever for this card. It’s the most generous for any personal or business credit card we have ever seen from any issuer:

  • Earn up to 400,000 bonus miles: 200,000 miles when spending $30,000 in the first 3 months and an additional 200,000 miles when spending a total of $150,000 in the first 6 months.

The initial spending requirement of the welcome offer, $30,000 in the first 3 months, is a tall order. Spending an additional $150,000 within the first 6 months is definitely next level. However, for those who can make the Capital One Venture X Business card work for their business, the ability to earn up to 400,000 bonus miles is simply unheard of.

Hot Tip:

The Capital One Venture X Business card also offers 2x miles on eligible purchases (outside of Capital One Travel purchases). What does that mean? From $150,000 in spending within 6 months, it’s possible to earn 300,000 miles from the 2x miles earning rate alone. Coupled with the bonus offer of up to 400,000 miles, business owners who can maximize this welcome offer have the potential to score up to 700,000 bonus miles.

How To Redeem 400K Capital One Miles

What exactly can you do with 400,000 Capital One miles?

Capital One miles are worth 1.8 cents apiece for travel redemptions, according to our latest points and miles valuations. This translates into roughly $7,200 in value from this introductory bonus offer alone, and you can transfer your miles to a wide variety of airline and hotel loyalty programs:

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Capital One Transfer Partner

Minimum Transfer

Transfer Ratio (Capital One > Partner)

Transfer Time

ALL – Accor Live Limitless

1,000

2:1

Up to 36 hours

Aeromexico Rewards

1,000

1:1

Almost Instant

Air Canada Aeroplan

1,000

1:1

Almost Instant

Air France-KLM Flying Blue

1,000

1:1

Almost Instant

Avianca LifeMiles

1,000

1:1

Almost Instant

The British Airways Club

1,000

1:1

Almost Instant

Cathay Pacific Cathay

1,000

1:1

Up to 36 hours

Choice Privileges

1,000

1:1

Up to 24 hours

Emirates Skywards

1,000

1:1

Almost Instant

Etihad Guest

1,000

1:1

Up to 36 hours

EVA Infinity MileageLands

1,000

2:1.5

Up to 36 hours

Finnair Plus

1,000

1:1

Almost Instant

Japan Airlines Mileage Bank

1,000

2:1.5

TBD

JetBlue TrueBlue

1,000

5:3

2 to 5 days

Preferred Hotels & Resorts I Prefer

1,000

1:2

TBD

Qantas Frequent Flyer

1,000

1:1

Up to 36 hours

Qatar Airways Privilege Club

1,000

1:1

TBD

Singapore Airlines KrisFlyer

1,000

1:1

Up to 36 hours

TAP Air Portugal Miles&Go

1,000

1:1

Almost Instant

Turkish Airlines Miles&Smiles

1,000

1:1

Up to 24 hours

Virgin Red

1,000

1:1

Unknown

Wyndham Rewards

1,000

1:1

Almost Instant

You may notice that the only domestic airline transfer partner on the list is JetBlue. Fortunately, you’ll still have access to all 3 major global alliances: Oneworld, Star Alliance, and SkyTeam.

For example, you can book Delta Air Lines flights through partners like Flying Blue, American Airlines flights through Qantas Frequent Flyer, or United Airlines flights through Air Canada Aeroplan, often for fewer miles than those airlines would charge on their own websites.

But the real value lies in international premium cabin redemptions. For instance, Capital One remains the only issuer offering 1:1 transfers to Emirates Skywards, allowing you to book business class from Newark (EWR) to Athens (ATH) for just 87,000 miles. You can also fly American Airlines business class to destinations as far as Australia for only 85,000 miles by transferring Capital One miles to Finnair Avios.

Emirates 777 300 business class
Business class for excellent mileage rates. Image Credit: Juan Ruiz

At these redemption levels, which are just a fraction of the cash price, you can easily exceed our 1.8 cents-per-mile valuation for Capital One miles. You can also redeem miles for eligible travel purchases made within 90 days of the transaction at a rate of 1 cent per mile, which offers major flexibility to use your miles even when booking through transfer partners isn’t an option.

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Capital One Venture X Business Card Overview

For such a giant welcome bonus offer, the annual fee isn’t as high as you may expect.

Capital One Lounge Las Vegas back seating area closeup
Access Capital One lounges before your next flight with your card. Image Credit: Ryan Smith

With a $395 annual fee, here are the other benefits of the card worth mentioning:

Final Thoughts

We’ve seen some pretty remarkable welcome bonus offers throughout 2025. Now, weeks away from the end of the year, Capital One has just raised the stakes on its premium business card by offering up to 400,000 bonus miles.

While most people won’t have the capability be able to meet the sky-high minimum spend requirement on the Capital One Venture X Business card, high-spending business owners should seriously consider applying while this eye-popping offer is available.

Featured Image Credit: Upgraded Points LLC
Stella Shon's image

About Stella Shon

With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in The New York Times, USA Today, and more.

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