How good is the Capital One Venture X Business’ best-ever 400,000‑mile bonus?
Capital One has just unveiled its most lucrative welcome offer to date for the Venture X Business credit card, presenting an unprecedented opportunity for high-spending business owners. New applicants can earn a staggering 400,000 bonus miles by meeting specific spending thresholds: 200,000 miles after spending $30,000 within the first three months, and an additional 200,000 miles after reaching $150,000 in purchases over six months. With an annual fee of $395, this offer not only stands out as the highest ever for the Venture X Business card but also remains competitively priced compared to similar premium business credit cards. This makes it an enticing option for those looking to maximize their rewards potential.
To qualify for this remarkable welcome bonus, applicants should ideally have a credit score of 740 or higher. Interestingly, you don’t need to be a traditional business owner to apply for a business credit card, which opens the door for many potential applicants. However, it’s worth noting that those who already hold another Capital One business card may face restrictions. The value of the 400,000 miles can be substantial; according to The Points Guy’s November 2025 valuations, these miles could be worth up to $7,400 when transferred to various airline and hotel partners. Alternatively, if you prefer a simpler redemption process, the miles can be used at a fixed rate of 1 cent each for travel purchases, translating to a more straightforward $4,000 value.
Beyond the impressive welcome bonus, the Capital One Venture X Business card offers a range of valuable features that enhance its appeal. Cardholders receive $300 in travel credits annually for bookings made through Capital One Business Travel, simplifying the process for busy entrepreneurs. Additional benefits include a 10,000-mile anniversary bonus, access to over 1,300 Priority Pass lounges, and high earning rates on travel-related purchases. With the potential for significant rewards from everyday spending—earning at least 2 miles per dollar spent—this card is designed to cater to businesses that frequently incur travel expenses. Given the lack of an announced end date for this enticing offer, now may be the perfect time for prospective applicants to seize this opportunity and elevate their rewards game with the Capital One Venture X Business card.
The
Capital One Venture X Business
recently announced its highest welcome offer ever — and it might be the biggest welcome offer we have ever seen on a business credit card.
New applicants can earn 200,000 bonus miles after spending $30,000 on purchases in the first three months, and an additional 200,000 bonus miles after spending a total of $150,000 on purchases in the first six months.
This card has an annual fee of $395, which is lower than most of its
premium competitors
.
I’ve loved having the Capital One Venture X Rewards Credit Card
for the past few years, so I’m always looking for ways to earn more valuable Capital One miles.
Here’s my take on this offer and why I’m so interested in this card.
How common is a 400,000‑mile welcome bonus on the Venture X Business?
This is the highest welcome bonus ever offered on this card, including when it was launched in 2023.
The previous highest offer we’ve seen on the Venture X Business was in June, when you could earn up to 350,000 bonus miles (no longer available) — 50,000 miles lower than the current offer.
ZACH GRIFF/THE POINTS GUY
If you’re a big-spending business owner who has ever considered applying for this card, now is the best time to do so, given how strong the welcome bonus currently is.
Who is eligible for the 400,000-mile welcome bonus on the Venture X Business?
TPG recommends you have a
credit score
of 740 or above for this card.
You don’t have to be a traditional business owner to
qualify for a business credit card
; however, the spending requirement for the welcome bonus on the Venture X Business will suit businesses with very high spending patterns.
If you already hold the personal
Capital One Venture X
, that doesn’t disqualify you for the Venture X Business welcome bonus, nor is the Venture X Business part of the
new “family” rule of Venture welcome bonus restrictions
.
However, you may be denied the welcome bonus on the Venture X Business if you currently hold another
Capital One business credit card
, such as a Spark card (according to Capital One’s terms and conditions).
You must wait six months between applications for Capital One cards. So, if you’ve been approved for any Capital One card within the last six months, you’ll need to hold off to be approved for the Venture X Business card.
How much are 400,000 Capital One miles worth?
According to TPG’s November 2025
valuations
, Capital One miles are worth 1.85 cents each. At that rate, 400,000 miles are worth up to $7,400 when transferred to Capital One’s 15-plus transfer airline and hotel partners and used for high‑value bookings.
If you prefer to save time by redeeming everything easily in one place, you can also redeem Capital One miles at a fixed rate of 1 cent each toward recent travel purchases or bookings through
Capital One Business Travel
. So, the 400,000‑mile bonus would be worth $4,000 in that scenario.
QATAR AIRWAYS/FACEBOOK
Having earned and redeemed lots of Capital One miles, here are some of the
ways I recommend using them to get the best value
:
Transfer miles to
Virgin Atlantic’s Flying Club
program at a 1:1 ratio and book flights to London from the Northeast from just 6,000 Virgin points each way (plus taxes, fees and surcharges) in
full-service economy class
.
Transfer miles to
Singapore Airlines’ KrisFlyer
loyalty program at a 1:1 ratio and get enhanced access to Singapore Airlines’ long-haul business- and first-class award seats, including booking
the world’s longest flight
with miles.
Book last-minute, short-haul United Airlines-operated flights for fewer miles than
United MileagePlus charges
by transferring your Capital One miles to
Air Canada’s Aeroplan program
at a 1:1 ratio.
Book (also through Aeroplan) business-class flights to Europe from just 60,000 points on most Star Alliance carriers like Austrian Airlines, Lufthansa and
Swiss, which has a new “Swiss Senses” product
.
Also, remember by spending $150,000 on the card to earn the full welcome bonus, you’d earn at least an additional 300,000 Capital One miles as the card earns at least 2 miles per dollar spent on purchases. This means you would have at least 700,000 Capital One miles to maximize.
So, for example, you could book at least five round-trip business-class flights to Europe when transferring to Air Canada’s Aeroplan program at a 1:1 ratio.
Watch for occasional
transfer bonus offers
as well, where you’ll need even fewer miles to book these deals.
Related:
Why Air Canada Aeroplan has become my favorite Star Alliance loyalty program
So, is the 400,000-mile Venture X offer one of the best deals ever?
When even a
100,000-mile welcome bonus
would be considered generous on a rewards credit card, this impressive offer from Capital One should be of interest to any high-spending business owner looking to earn a very significant amount of rewards.
RGSTUDIO/GETTY IMAGES
Beyond the 400,000-mile welcome bonus, here are the top five reasons why I believe this card is so valuable:
Annual credit
: You’ll receive
$300 in credits annually
for bookings made through Capital One Business Travel, which is easier for a busy business owner to use compared to the complex coupon book of benefits
some other premium cards offer
.
Anniversary bonus
: Enjoy 10,000 bonus miles every account anniversary, starting on your first anniversary (worth $185 toward travel according to TPG’s November 2025 valuations).
Lounge access
: Enjoy complimentary access for yourself (as the primary cardholder) and up to two guests to
Capital One Lounges
and more than 1,300-plus
Priority Pass
lounges. (Keep in mind, however, that
guest lounge access is set to tighten in February
.)
High portal earning rates
: Earn 10 miles per dollar spent on hotels and rental cars, and 5 miles per dollar spent on flights and vacation rentals booked via Capital One Business Travel. If your business has travel expenses, this is an easy way to rack up lots of extra miles with the ease of booking everything in one place.
Excellent everyday earning
: Earn 2 miles per dollar spent on
all other purchases
.
It’s great to realize that when you’re paying the $395 annual fee in the second (and subsequent) years, you’ll receive both a $300 travel credit and 10,000 bonus miles, which, in my mind, cover the cost of the annual fee each year.
Bottom line
The 400,000‑mile welcome offer on the
Capital One Venture X Business
is the best deal we have seen on a business credit card in a long time. Here’s why:
This is the highest welcome bonus ever publicly offered on the card.
The welcome bonus is worth $7,400, according to TPG’s November 2025 valuations.
The card earns at least 2 miles per dollar spent on every purchase.
You can transfer your Capital One miles to book flights on some of the world’s best airlines, as well as stays with hotel programs.
While the full welcome bonus is only attainable by businesses with significant credit card spending, they can earn huge rewards.
Capital One has not yet announced an end date for this offer, so if you’ve ever considered applying for the
Venture X Business
, now is the time to do so.
For more details, read our
full review of the Venture X Business
.
Learn more:
Capital One Venture X Business
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
