Capital One rebranded and revamped the Spark Miles for Business card a couple of months ago, and it’s now known as the Venture Business card.
This week, Capital One changed the welcome offer for the Venture Business. Although the total miles you get has dropped from 150,000 to 100,000, the minimum spend required has also decreased dramatically – from $30k to $10k – which will make this new version much more appealing to many folks.
The Offer & Key Card Details
| Card Offer and Details |
|---|
![](http://cdn.nextinsure.com/imaging/opt/91008694-b139-4dfe-a847-82d5ba6e8107.png?w=300" alt="Capital One Venture Business" />) ⓘ $1335 1st Yr Value EstimateClick to learn about first year value estimates 100K Miles ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer 100K miles after $10K spend in the first 3 months from account opening$95 Annual Fee Recent better offer: Earn up to 150K bonus miles: 75K miles after spending $7,500 in the first 3 months & an additional 75K miles after spending $30K in the first 6 months (expired 6/8/26) FM Mini Review: This card is similar to the Spark Cash Plus card, but it has the advantage that miles earned with this card can be transferred to a large number of airline & hotel programs. The three credits can help offset most or all of the annual fee. Earning rate: Earn 5X miles on hotels, vacations rentals, and rental cars booked through Capital One Business Travel ✦ 2X Miles everywhere Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: $50 annual travel credit for bookings through Capital One Business Travel ✦ Up to an annual $50 statement credit for purchases at qualifying advertising or software merchants ✦ Up to $120 fee credit for TSA PreCheck® application fee or Global Entry application fee every four years ✦ Redeem miles for travel at value of 1 cent per mile ✦ Transfer Miles to airline miles & hotel points |
Quick Thoughts
This is a pretty tempting offer, as it represents a 10X return on that $10,000 of spend on top of the card’s standard 2X earnings, for a total of 12X.
In its previous incarnation, the card usually had its $95 annual fee waived for the first year. That’s not the case anymore. However, Capital One has added a couple of new credits that could partially offset it.
The first credit is a $50 Capital One Business Travel credit each cardmember year. It can be redeemed for any bookings through their business travel portal, whether that’s for flights, hotels, rental cars, etc. The other credit is up to $50 for purchases at qualifying advertising or software merchants. There doesn’t seem to be a list of eligible retailers and services; provided it codes as advertising or software, you should get it.
Capital One is one of the few banks that reports some of its business cards to your personal credit report, which can affect your Chase 5/24 status. However, MilesTalk reports that the Venture Business card isn’t reported to credit agencies.
Capital One Application Tips
- 48-month Rule: Existing or previous cardholders are not eligible for the same personal card if they have received a new cardmember bonus for the same product within the last 48 months. This doesn't apply to business cards.
- Venture "Family" Rule: Capital One now applies additional "family" rules to the personal Venture cards.
- VentureOne: You are not eligible for a welcome offer on the VentureOne card if you've received a welcome bonus on any other personal Venture card within the last 48 months.
- Venture Rewards: You are not eligible for a welcome offer on the Venture Rewards card if you've received a welcome bonus on a Venture X or Venture Rewards card within the last 48 months.
- Venture X: You are not eligible for a welcome offer on the Venture X card if you've received a welcome bonus on another Venture X card within the last 48 months.
- 2 card limit no more? Conventional wisdom and user experience used to be that you could have at most 2 Capital One cards. However, there are now frequent data points of some people having many more.
- 1 Charge Card Limit: Capital One only allows cardholders to have one business charge card, so it's not possible to be the primary cardholder on both the Venture X Business and Spark Cash Plus. This doesn't apply to authorized users.
- Hard inquiries are often issued by all 3 credit bureaus.
- Velocity Limits? It was once thought that Capital One would only approve you for one card every six months. While this is still many people's experience, we've now frequently seen data points of approvals for a second card within that timeframe.
- Application Status: Call (800) 903-9177 to check your application status.
- Reconsideration: Capital One no longer seems to offer reconsideration; it will only reprocess an application, which results in a new credit pull. The best number to call if you wish to discuss your application is (800) 625-7866. If someone comes across a working avenue for reconsideration, please let us know.
Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.
FYI for heavy churners I was denied for “too many cards closed” (with other banks) and also “too many recent inquiries” (with other banks). so might be challenging if you have a lot of recent activity