Capital One has just updated the welcome offer on its Venture Business card: new applicants can now earn 100,000 Capital One Miles after meeting minimum spend requirements. This is a notable drop from the previous 150,000-mile offer, but the minimum spend has also been reduced, making the bonus more accessible to small business owners.
Our Take
Mixed. While the 100,000-mile bonus (worth ~$1,850 by our valuation) is still strong, it's a step down from the previous 150,000-mile all-time high. However, the lower spending threshold means more business owners can realistically earn the bonus, making this a solid—but no longer best-ever—deal for those who couldn't meet the old requirements.
What Changed
- Welcome offer: 150,000 Capital One Miles → 100,000 Capital One Miles
- Minimum spend: (previously higher, now reduced—exact numbers not disclosed in the source, but spend is lower)
- Effective: Immediately for new applicants as of June 2026
Who Benefits Most
- Small business owners with moderate expenses: Those who can spend $4,000–$10,000 in 3 months (typical for business cards) can now earn a bonus worth ~$1,850 (100,000 miles x 1.85¢/mile).
- Travel-focused businesses: Redeeming 100,000 miles for travel via Capital One or transfer partners can easily yield $1,850+ in value, especially for international flights.
- Existing Spark Miles for Business cardholders considering a second card: The new offer is easier to achieve, so you can double up on Capital One miles with less upfront spend.
- New-to-business credit card users: The lower spend threshold opens the door for businesses just starting out to access a premium-level bonus.
Who Should Be Cautious
- Big spenders who could meet the old threshold: If you could easily hit the previous higher spend, you’re missing out on 50,000 miles (worth ~$925) compared to the old offer.
- Those looking for all-time-high bonuses: This is no longer the best offer we've tracked for this card, so deal-chasers may want to wait for a future bump.
- Cash-back maximizers: If you prefer cash rewards over travel, other business cards may offer higher effective rates for your spend.
What To Do Right Now
- Review your business expenses for the next 3 months to see if you can meet the new, lower minimum spend.
- If you were on the fence due to the high spend requirement before, now is the time to apply.
- Already applied under the old offer? Reach out to Capital One to see if you can be matched to the new terms (though this is rarely honored).
- Compare the Venture Business offer to other leading business cards—like the Chase Ink Business Preferred—to ensure you're getting the best value for your needs.
