Premium perks for business travelers

Frequent business travelers may get a huge amount of annual value from the . As a cardmember, you can access a flexible travel rewards program, generous welcome bonus, free employee cards, and other travel-focused perks like airport lounge access and travel credits. But this card also charges a high annual fee and may be limiting if you don’t travel very often for business.

If you’re thinking about applying for this business credit card, here’s what to know.

This premium credit card has plenty of annual benefits that can add value for your spending and travel. Here’s a breakdown of the card’s perks:

Business travelers can take advantage of two generous travel credits with the Venture X Business card:

The $300 annual credit can offset the yearly cost of your card significantly, as taking advantage of it brings your fee down to just $95. This doesn’t factor in the card’s lucrative welcome bonus or the generous rewards you can earn from your business spending. When you consider those, the card can easily pay for itself, especially in your first year.

Related:

Cardmembers and up to two guests get complimentary access to Capital One airport lounges. Unfortunately, only a handful of Capital One lounges exist in the U.S.

That said, you’ll also get complimentary access to over 1,300+ airport lounges when you enroll in Priority Pass through your Capital One cardmember account. Its lounges are available in more than 600 cities in over 145 countries.

Unlike many other credit cards, the Capital One Venture X Business has no pre-set spending limit, meaning your business won’t be restricted by a . This is especially helpful if your business spending fluctuates from month to month and you need some added flexibility.

While you won’t have a pre-set limit as a cardholder, Capital One requires you to repay your full balance each month, so that’s something to keep in mind before applying. If you don’t pay your balance in full, you’ll be charged a late fee and your account will be past due until you pay the full amount.

Capital One offers free employee cards and virtual cards, so your company can earn rewards on employee purchases, too. These extra rewards can offset the cost of business travel or other expenses. You can easily track employee spending and customize card limits within your Capital One account.

As a Capital One Venture X Business cardmember, you’ll get extended warranty protection on eligible purchases. This protection adds up to a year of additional protection to an existing manufacturer’s warranty of up to three years.

You can earn rewards in a few different ways with the card.

As a new cardmember, you’ll earn an impressive 150,000-mile welcome bonus when you spend at least $30,000 within the first three months. That’s a steep spending threshold (equal to a minimum $10,000 per month), but if it’s within your regular business budget could help you save $1,500 on future travel.

The card also has a simple and generous rewards structure for regular rewards after that. You’ll earn an unlimited 2x miles on every purchase. That includes office supplies, client meals, utilities, and any other business expenses you charge to your card. You’ll get even more when you use your card to purchase travel through Capital One Travel — hotels and rental cars earn 10x miles and flights earn 5x miles.

Finally, you’ll get an annual bonus that can help boost your rewards further. Starting on your first card anniversary, you’ll get 10,000 bonus miles every year.

Just as this card offers multiple ways to earn Capital One miles, you’ll also have plenty of options for redeeming your rewards.

If you travel for business, you can use your miles to book hotels, flights, rental cars, and more through Capital One Travel. You can also use your miles to cover recent travel purchases (from anywhere) charged to your card within the past 90 days.

You can also transfer them to Capital One’s 15+ hotel and airline partners, often at a 1:1 ratio. Here are the current transfer partner programs:

• Aeromexico Rewards

• Air Canada Aeroplan

• Cathay Pacific Asia Miles

• Avianca LifeMiles

• British Airways Executive Club

• Emirates Skywards

• Etihad Guest

• Eva Air Infinity MileageLands (2:1.5 ratio)

• Finnair Plus

• Flying Blue

• JetBlue TrueBlue (5:3 ratio)

• Qantas Frequent Flyer

• Singapore Airlines KrisFlyer

• TAP Miles&Go

• Turkish Airlines Miles&Smiles

• Virgin Red

• Accor Live Limitless (2:1 ratio)

• Choice Privileges

• Wyndham Rewards

Finally, you can redeem miles for a check, statement credit, gift card, or use them to shop with a qualifying retailer.

Read more: Complete list of credit card transfer partner programs

Given its fairly high annual fee and travel-focused rewards and perks, the is best for business owners who travel often. If you travel very infrequently or not at all, this card probably isn’t the best choice.

As a business traveler, you’ll also want to make sure all the travel perks and rewards this card offers fit with how you travel. For example, lounge access can be a major benefit if you find yourself often waiting in airports before departure or during layovers. But if you typically arrive at the airport without much time to spare or you’re not interested in lounges, you won’t get much use out of this benefit.

Also make sure you consider your potential rewards. The Capital One Venture X Business card’s flat 2x miles on every purchase is a great way to maximize all of your purchases, but you should also make sure you can take advantage of the boosted rewards using Capital One Travel.

• Impressive welcome bonus

• $300 annual travel credit

• $120 statement credit for TSA PreCheck or Global Entry fee

• Opportunity to earn annual bonus miles

• Unlimited rewards and flexible redemptions

• No preset spending limit

• Lounge access

• Relatively high

• Steep required spending for welcome offer

• Not the best choice for non-travelers

• Must pay entire balance off each month

• Late fee of 2.99% of your statement balance applies if you don’t repay in full

• Excellent credit required

The is part of the Visa payment network, which is available in over 200 countries worldwide. Visa indicates that 80 million merchants are part of its network, meaning your card is likely to be accepted with major businesses globally.

When you travel abroad, you can also use this card without paying up to 3% extra in foreign transaction fees. That said, it’s always helpful to have a backup when you travel, so consider carrying a small amount of local currency just in case.

• Online: Log into your via the web or the Capital One mobile app

• By mail:

• By phone: 1-800-CAPITAL (227-4825)

• In-person: Visit a Capital One bank branch

You can contact Capital One’s customer service team seven days a week from 8 a.m. to 11 p.m. ET by calling 1-800-CAPITAL (227-4825) or review common questions via the bank’s . You can also chat with Eno, Capital One’s virtual assistant, through your online account or mobile app 24/7.

If the Capital One Venture X Business’s annual fee is too high or you don’t travel for business often enough to get the full value, here are some alternative cards to consider:

With a generous cash welcome bonus and unlimited rewards, the could be a good alternative to the Venture X Business if you aren’t a frequent traveler. It earns 2% cash back on every purchase (plus a boosted 5% back on hotels and rental cars through Capital One Travel) — so you can similarly use it to maximize every purchase you make, regardless of category.

The Spark Cash Plus does have a $150 annual fee, but you can get the fee refunded each year when you spend at least $150,000 using your card.

If you’d prefer a business credit card with no annual fee, the is worth a look. This card offers a valuable cash welcome bonus and a 0% introductory APR on purchases. Plus, get boosted rewards in popular business spending categories, including office supply stores and internet, cable, and phone services (up to limits). You can redeem your Ink Business Cash rewards for a statement credit, check, travel bookings through Chase Travel℠, and more.

The also carries no annual fee. This card is also a flat cash-back card, with a flat 1.5% back on every purchase you make for your business. To add to your first-year value, you can score a generous welcome offer and a 0% introductory APR on purchases. If you don’t often travel for business and your regular expenses vary a lot or don’t fit into standard business rewards categories, this could be a solid option.

This article was edited by Kendall Little

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