So it's pretty rare that we get a new credit card coming onto the market, especially a new Elite tier travel card. But just recently Capital One just launched a really unique card with a ton of Great Value This card here is the Venturex Business card basically the business version of the personal Venture X So knowing that in this video I wanted to go over everything you need to know about this card from the welcome bonus to the benefits, and then also give you my own personal thoughts on whether this card is right for you. So let's get right into it starting with the welcome bonus. So with this card here you can earn 150,000 bonus miles after spending $30,000 in the first 3 months.

with a conservative valuation, this will be putting one point at being worth 1 cent, making the welcome bonus worth of $1,500 With that said though, the spending requirement on something like this is still fairly high at $30,000 or 10K a month. So if you do the math, it's like earning 5% back on the first $30,000 in spend spend. But how does this stack up to similar cards? Well, the business Platinum gives you 120,000 points after you spend $115,000 which is about 8% back with the chase Inc Business preferred you can get $ 100,000 points after $8,000 in spend, which actually equates to about 12.5% back. Knowing that the welcome bonus is still really good, but there are still some other things to consider.

When the Personal Venture X was launched, the bonus was about $ 100,000 M after $10,000 in spend, which is worth about 10% back. Later on, it turns out that they dropped this to 75,000 Mi after just $44,000 in spend, boosting that to an equivalent of 19% back. Now, the question is whether or not this might even happen with the business venture X card and well, personally for me I Think so. Now by the way, I Know a lot of people might even assume that the Venture X business card is going to be brand new, but a little bit of a spoiler here, it ain't.

It turns out that this card here was available since the start of this year, but it was never offered publicly until now. You would have had to request the car through a Capital 1 business relations manager if you really wanted to sign up. Capital One Decided to make a better move instead, where this card is now accessible to a broad range of people. The one downside to this though is that back when this offer was a bit more secretive, you couldn't get it from the public website, it was initially that you would get 250,000 Mi after spending $50,000 in the first 3 months.

so they've already nerfed the bonus to make the spend more reasonable once and I wouldn't be surprised if they decide to do it again in about 6 months now. I'm going to get into the details of who this card is best meant for later on in this video, but to close off talking points about this bonus, here's what I think So if you're already spending $110,000 a month anyways, I would definitely take advantage of this bonus before that Nerf might happen when possible. If you do get the bonus, just make sure that you're at least able able to get 2 cents per point so you can increase the value of the points that you earn. We'll talk about more later on on how you can do that exactly.

But for now, with regards to some of the other benefits of this card, here's what you're going to get. So first of all, 10,000 mile Anniversary bonus annually. So every year you'll be getting an additional $100 minimum in value just by holding this card. Now that right, there is just going to be a free little bonus where pretty much whenever the annual fee hits, you're getting an initial knock off on that value.

In terms of the category earning bonuses, you'll be getting 10x on hotels and rental cars booked with the capital 1 Travel portal if you're traveling. This is going to be huge because Capital One offers a ton of different benefits to make sure that you're still getting the best price as well. On top of that, they have price drop protection and price match guarantee and alerts on price changes. So if you book your flight and it turns out there's a better deal on it like a week later on, you can go ahead and get it matched to the better deal with this card.

You'll also be getting 5 xon flights booked via the Capital 1 Travel portal and again I think that's a great earning rate and on top of that, you'll be getting an unlimited 2x miles on all other purchases. So this card actually is very simple. First of all, a lot of similarities to the regular Capital One Venture X card on the personal side, but other than that you'd be getting 2x back Unlimited on everything which I think is sometimes great, especially because a lot of the moves that you should be making as a business owner which this is geared more towards should be. You working on the business should be you making that money.

so something like this I Just love the Simplicity aspect. Now some of the cards that are more comparable to this is definitely going to be the Business Platinum Card which also offers 1 X on all other purchases. Now, if you're spending $10,000 a month with the benefit on the Capital One Venture X card with that 2x you're getting, it's going to be 250,000 points a year minimum. That right there will will add up, especially if you're in a business that spends even more than that now.

Furthermore, you're going to be getting $300 in annual credits for bookings made through the Capital and Travel portal. So this is going to be perfect for anyone booking flights, hotels, rental cars and it's just a great boost to help make up the extra value of just holding this card. Now most premium Tier credit cards are going to offer this $100 credit for TSA pre-check or Global Entry but it's still just a great benefit to mention, especially if this happens to be one of your very few luxury here cards. On top of that, you're also getting a $100 experience credit on all Capital One Premier collections hotel stays and these are going to be highly curated hotels within the Capital One travel platform.

I'd Compare this to something like the Chase Sapphire Hotel Collection or the AMX Fine Hotels and Resorts program. With Capital Ones benefit, you get a $100 experience credit. You'll also get daily breakfast for two, early check-in late checkout, and room upgrades when available. Now here's where I think the card is is going to be most valuable and this is the lounge access.

So I recently came back from a conference in Austin Texas and I experienced two different lounges. so I went into the Austin Texas Lounge where they had the outdoor Chase Sapphire thing yo guys that was terrible. it was so crowded I'll throw up some videos here. Yeah, no bueno but actually before going to Austin Texas I went ahead and checked out the brand new Capital 1 Lounge at my local airport which is Doas now that Lounge was great.

The only downside is that because I didn't have the Venture X business card on me, I actually had to pay the daily entrance fee of $65 and on top of that, they throw this whole screen in your face where it's like how much are you going to tip us they're looking at you. Two of them were looking at me I was like man, I'm not going to not be able to tip them so with tip included, it was about 75 bucks for me to sit at a lounge for about an hour. I don't know if the ROI was there but if I went in there for free, definitely this is a brand new Lounge I Really appreciate it it and the food. Out of all the lounges I've ever been to, it was actually some of the best in this DC one now currently Capital One only has one in Dallas and in DC but two more are coming up in Denver and also in Vegas.

By also getting this card, you're going to have access to Priority pass and Plaza premium which gives you access to over 1,300 lounges worldwide and unlimited access with up to two guests on each visit. Now these benefits are pretty great, especially compared to some of the other business credit cards on the market. Like I mentioned, this card is though going to be most comparable to the business Platinum card because it is still more travel focused on those benefits and the credits you get. The best part though, compared to that card, this comes to you at an annual fee of just $395 a year.

So if we break that down just with the $300 travel credit and the 10,000 Mi anniversary bonus, you've already made up that fee right away every single year. Last but not least, you can also get free employee credits for everyone else at your business, which I think is a fine little perk because these days some credit card issuers are going to go ahead and charge you even for those cards. Now at this point, you might have noticed something different, which is the fact that the Venture X business card is nearly identical to the Venture X personal card, so real quick. Here are the three key differences between the Personal and the Business Venture: X Card First of all, welcome bonus offer.

We already talked about this, but the business version is literally double the value where the spending requirement is also $26,000 more for that doubled value. The second biggest difference is the fact that the Personal Venture X is your standard credit card with a limit that you get, but with the Business Venture X this is actually considered to be a charge card with no credit limit. This means that your maximum monthly spend is going to constantly fluctuate based on your spend, payment history and more. Also, usually charge cards will have a bit more of a maximum spend amount, but I want you guys to know it's not infinite and it can get really high.

But just make sure no matter what, if you use a charge card, don't miss a payment because they could take it back from you. Meaning literally, if you don't pay off your charge card in time, they will send you a notice in the email or in your mailbox like hey, if you don't pay off this card, we could go ahead and close it. Now the premium tier Business Credit Card Market is definitely more focused on your typical business expenses. Think about your Chase Ink cards, think about your American Express Blue Business Plus Card Generally business credit cards, they're going to give you more back on business expenses.

Now with the Business Venture X card. from the benefits that we talked about. Obviously, you guys can tell that with this card in particular you get more travel benefits with this business credit card in particular. So if you are running a podcast show, if you are running a Consulting agency and you're actually traveling a whole bunch and you really prefer Capital One this card might be perfect for you as long as you're able to hit that minimum spend requirement for that welcome bonus offer.

But there's even a few additional tips and tricks that you can do to get that, which I'll talk about soon. So now that we covered the benefits, how the card? Compares Some of the misconceptions: A lot of people think it's a credit card. it is not. Let's go into my honest opinion.

my real thoughts: and I don't know, Are we doing a Jungk tomato score for this? N no, not for this video. But I'm going at least give you guys my first impressions too of what this card is all about. So we'll start with the good. We'll start with the bad.

Let's start with the bad first though. so bad thing. Capital One Reports your business card activity to your personal credit report. Now this might not be the best If you have high spend going on every month and for some reason you're carrying some type of balance month-to month.

this is going to definitely impact your personal credit score negatively. That being said, the fact that it is a charge card, it might actually help increase your personal credit. and it could also be a way that it benefits you as long as you're paying off your card in full. And this is something that we preach on our Channel every single time.

I Make a video. So unless you're getting a 0% interest credit card that you know you're going to pay it off on time for, please make sure that whichever card you get, you're always paying off that balance in full every single month. One key area of concern that we need to cover is definitely going to be the welcome bonus offer. So for the $330,000 worth of spend, yes, you can get the welcome bonus offer from the Capital One Venturex Business Card or for $29,000 to spend.

It turns out you can get the bonus for the Chasing Business Cash Card The Chase Inc Business Preferred Card and even the American Express Business Platinum card. With those three cards, you'd actually end up getting more in points. Precisely, it'd be 295,000 points alongside those three different accounts, and then you'd be getting $2,950 in value on the minimum. My point here is the fact that the Capital Inventurex Business Card it's got a huge spend requirement, so I will not be putting it at the top of my list.

But if you follow these methods and you fit within this criteria, I Still think this card might be one of the best to come out on this market so far. So who is this card best meant for? Well, first of all, if you're a business owner, you're making a lot of money and you have a decent amount of spend at least $110,000 a month. This card here I think is a great choice. This is because if you travel and you book through that portal, you're getting 5 to 10x back, which is pretty solid there.

If you also happen to be someone who's late game, you've gotten all the other business credit cards and you've run out of different ones to get. this is another option I Think Regardless, if you're someone who owns your business and say you're not even spending $120,000 a year here. If you have a big tax bill coming up, this card is perfect for something like that. Tax season is going to be here What? 3 to 6 months from now and during that time.

If you've paid a lot of money before in taxes and you know you got a bigger tax bill coming up, this C could really offset those fees as someone who's paid the government now millions of dollars in taxes. Kind of crazy saying that this would be one of the cards that I'd consider to get, especially if you're someone who's paying all your taxes just once at the end of the year, or even even if you're a high spender. if you're spending all that money on taxes every quarter and you're able to hit this minimum spend requirement I still think there is value in that. Now the good points on this card: The benefits, the positives.

Here's what we know for the annual fee, you get a ton of travel value and most other travel focused business credit cards. They do not spread themselves out this much to be classified as a good business travel credit card I also mentioned earlier in this video but I got to emphasize it again just with the travel credit and that anniversary bonus, you're getting positive value from the offset of the annual fee. meaning you come out on top. Aside from that reason too, this is just a simple, great catchall card.

and the 2x that you get back compares to cards like the Blue Business Plus card or the Blue Business Cash Card which is usually Limited in how much you actually spend. This card is unlimited so you don't have to worry about a cap and it's a charge card and it could also help build your credit if you're paying off your card in full every single month. So who's this card not meant for? I Would say it's a decent amount of people if you don't have a business, if you're not spending high amounts, this card may not be it for you. Now, if you happen to be within that very small demographic by chance and you're like, okay, this card actually is perfect for me.

I got taxes to pay I'm spending money on my businesses I'm late game, whatever it is, be sure to check out the links Down Below in the description Sign up. It supports our Channel at no cost to you, but just make sure that you're always getting the best offer for yourself as well. By the way, April of 2024 still a long ways from now, but I at least wanted to mention that I'm going to be speaking at the Travel Summit I Would love for you guys to join. We're also going to plan to do a little bit of like a credit Society Meet up maybe outside of that? I Don't know, we're still planning it out, but if you guys are interested, you want to pick up an early bird ticket.

Be sure to check out the link Down Below in the description for that. One last thing, don't forget to check out the links to pick up your free stocks with Weeble and with Mumu. So thank you all so much again for watching this video! If You guys like to join our Facebook group and the disc ORD The links for that will also be down below. Have an amazing day Stay blessed! I'll see you all soon! Peace.