Capital One Rebrands Spark Travel Elite Card to Venture X Business Card
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Capital One Spark Travel Elite Card Update
Capital One refreshes the Spark Travel Elite Credit Card with a new name – Capital One Venture X Business Card. The new name still comes with the same great travel benefits. Let this premium travel business card spark the business travel inspiration for your organization and earn points to enjoy your time outside the office.
Released last year, the Capital One Spark Travel Elite Credit Card added a new way for Capital One members to enjoy rewards. It introduced Spark miles rewards instead of the standard cash-back options from other Capital One Business credit cards. Capital One has two travel credit card brands—the Capital One Venture and Capital One Spark – and the Venture collection just welcomed the latest Venture X Business Card, rebranding the Elite Travel Spark Credit Card.
For travelers looking to benefit from redeeming points for travel, it’s a premium travel card designed for precisely that. So, if you have a small business, these are some reasons you should use the card for points rewards.
The Travel Credit Card for Small Businesses
Terms of the Capital One Venture X Business credit card
The Capital One Venture X Business Card is for small businesses that frequently travel to take advantage of its travel-related rewards. It’s comparable to the Venture X Rewards Card, the personal credit card version with nearly the same features, such as earning up to 10x miles and travel perks.
Unlike applying for a personal credit card, getting the Venture X Business card is slightly different. The credit card is only available through your business relationship with a Capital One relationships manager. Here are card terms and fees to consider before inquiring about applying for the Venture X Business Card:
| Name Terms | Details Terms |
|---|---|
| Annual fee | $395 |
| Spending limit | No. The limit adapts to your needs based on your spending behavior, payment history and credit profile |
| Annual percentage rate | No. Your balance is due in full on a monthly basis. If you do not pay your balance in full, you will be charged a 2.99% penalty on the unpaid balance and your account will be considered past due until payment is received in full. |
| Transaction Fees | Cash Advance – Either $3 or 3% of the amount of each cash advance, whichever is greater. |
| Transfers and access checks | No. |
Capital One Venture X Business Benefits
Redeem Points for Perks and Rewards with the Venture X Business Card
As you spend to grow your business, you’ll also be increasing your rewards and points at the same time. Using the card for business travel expenses and other business charges can quickly add up the rewards with points multipliers, travel perks, and other features.
Earn Rewards
Here’s what makes the Venture X Business Card a premium travel card for earning miles toward travel:
| Hotels and rental cars | 10 miles per dollar |
| Flights booked through Capital One Travel | 5 miles per dollar |
| All other purchases | 2 miles per dollar |
Welcome Bonus
You will earn 150,000 bonus miles if you spend at least $30,000 within 3 months of your rewards membership enrollment date.
Anniversary Bonus
Earn 10,000 bonus miles after your anniversary each year, starting with your first anniversary.
There are no restrictions on receiving rewards.
There is no limit to the number of rewards you can earn for your purchases.
Redeeming Travel Rewards
Capital One provides two methods for redeeming travel rewards:
- Redeem for Past Travel Purchases:
- Book your travel through your preferred channel using the Capital One Rewards card.
- Log in to your account at capitalone.com, navigate to Rewards, and select “Cover Your Travel Purchases,” or contact the Rewards Center.
- Redemption must be made within 90 days from the date of the travel purchase.
- Account credit is typically applied within 2 to 3 business days, but it may take up to 60 days.
- Partial redemptions for a portion of a purchase are possible.
- Book New Travel Reservations:
- Visit travel.capitalone.com to book flights, car rentals, or hotels using your miles for payment.
- The miles required for redemption are determined by multiplying the travel purchase cost by 100.
- If your transaction includes taxes, surcharges, and fees, these amounts are factored into the redemption calculation.
- Separate, itemized travel transactions on your statement cannot be combined for a single redemption. Capital One has no control over how merchants categorize and charge related transactions.
Transfer Rewards with Capital One Travel Partners
It’s possible that your account qualifies for the transfer of rewards. You might have the option to move your rewards between specific Capital One rewards accounts and to chosen external Travel Loyalty Programs. However, not every rewards product is eligible for such transfers.
Earning miles with Capital One can turn into travel rewards with your favorite airlines and hotels. Capital One has more than 15 travel partners that let members exchange miles for rewards on their loyalty programs. Transfer your Capital One miles for miles/points with these travel partners:
| Capital One Transfer Partners | Transfer Ratio* |
|---|---|
| Aeromexico Rewards | 1:1 |
| Air Canada Aeroplan | 1:1 |
| Air France-KLM Flying Blue | 1:1 |
| Accor Live Limitless | 2:1 |
| Avianca LifeMiles | 1:1 |
| British Airways Executive Club | 1:1 |
| Cathay Pacific Asia Miles | 1:1 |
| Choice Privileges (only U.S.-based accounts) | 1:1 |
| Emirates Skywards | 1:1 |
| Etihad Airways Guest | 1:1 |
| EVA Airways Infinity MileageLands | 4:3 |
| Finnair Plus | 1:1 |
| Qantas Frequent Flyer | 1:1 |
| Singapore Airlines KrisFlyer | 1:1 |
| TAP Air Portugal Miles&Go | 1:1 |
| Turkish Airlines Miles&Smiles | 1:1 |
| Virgin Red | 1:1 |
| Wyndham Rewards | 1:1 |
*the ratio at which you can transfer Capital One miles to anyone
Luxurious and carefree travel with the exclusive benefits of your Capital One Venture X credit card
Unlock Priority Pass Airport Lounge Access with Your Capital One Venture X Card
- With your Venture X business card, you get free access to the Priority Pass program.
- Enjoy unlimited free access for you and up to two companions, at no additional cost each time.
- Access to more than 1,300 exclusive halls in 600+ cities and 148 countries.
With the condition that registration is required. Access to lounges is subject to certain conditions and availability may vary.
Capital One Venture X Business Card gives many options for redeeming points for travel. Travel perks include:
Free Access to Capital One airport lounges
Venture X and Venture X Business primary cardholders are entitled to unlimited, complimentary Capital One lounge access, along with free entry for two guests per visit. Additionally, they can bring extra guests at a special rate of $45 per visit.
Children under 2 years old can accompany a responsible adult for free. Full access to all Lounge amenities is included in the entry fee.
For complimentary or discounted Lounge access, cardholders must:
- maintain their accounts in good standing and present their eligible Capital One card at entry.
- show a boarding pass* for a same-day departing or connecting flight.
*Note, entry will not be granted to cardholders or guests with arriving flight boarding passes without a connecting flight.
Guests are allowed entry up to three hours prior to their departure.
Without the necessary documentation, access to the Lounge may be refused.
Lounge entry is based on availability and can be redeemed or purchased at the check-in desk (Currently, we do not offer advance reservations)
Access bookings with Capital One Premier Collection
Access to the Capital One Premier Collection (a collection of unique luxury hotels and resorts of premium quality). Venture X cardholders also receive a number of benefits when booking Premier Collection apartments.
Credit for TSA PReCheck or Global Entry application
Travel credit cards such as the Venture X Business reimburse cardholders for Global Entry* and TSA PreCheck**.
Global Entry and TSA PreCheck® help speed up airport security and customs clearance when traveling.
**TSA PreCheck is used only at domestic airports.
*Global Entry applies to international travel and includes TSA PreCheck®.
Flexible rewards for booking flights, hotels, and more with Capital One Travel
Reimbursement of 1 cent per mile for travel-related purchases or using Capital One Travel Center
Should you get the Capital One Venture X Business Card?
When it comes to points and travel rewards, the Capital One Venture X Business Card is an excellent choice. However, the premium annual fee of $395 and late fees can quickly cancel out the benefits if you’re unable to meet the spending and fee requirements.
Capital One provides a free Rewards Calculator tool to estimate how many Capital One miles you can earn based on business spending. For example, $10,000/month spent on the card could earn 240,000 miles rewards every year, or $50,000 monthly spending for 1,200,000 miles rewards. As a result, small businesses with large enough operations can capitalize on the travel benefits.
Capital One has other business card offers for companies that don’t need a premium travel card yet. Alternatively, earn and enjoy Sparks miles rewards with the Spark 1.5x Miles Select Card, which earns 1.5 miles on spending without an annual fee. Or the Spark 2% Cash Plus Card, which gives unlimited 2% cash back on spending.
