Running a business often means juggling expenses, travel, and rewards that actually make your life easier. I’ve spent years testing premium business cards, and every time I compare the heavy hitters, it feels like a fresh puzzle. Right now, two cards stand out: the Amex Business Platinum and the Capital One Venture X Business. Both promise luxury perks, but they approach value very differently. One charges a lot more but packs in credits that can stack up if you use them. The other keeps things straightforward with lower costs and easier rewards. So, is the extra expense worth it? Let’s dive in and figure it out.
Why These Two Cards Matter for Business Owners
Premium business credit cards aren’t just about bragging rights. They can transform everyday spending into real savings or travel upgrades. In my experience, the right one can cover a family vacation or offset software subscriptions without much effort. These two cards target frequent travelers who run businesses, offering lounge access, flexible points, and credits that feel like free money when maximized.
But here’s the catch: one card feels like a luxury hotel suite with endless amenities, while the other is a sleek, efficient airport lounge. The question is which fits your business style better.
Breaking Down the Annual Fees
The Amex Business Platinum comes with a hefty $895 annual fee. That’s a big number, especially when you’re watching cash flow. On the flip side, the Capital One Venture X Business sits at $395. That’s a $500 difference right off the bat. In my view, if you’re not traveling a ton or using niche perks, that gap can sting.
Yet fees only tell half the story. Both cards include credits that can wipe out the cost if you play your cards right. The Venture X Business gives you a $300 travel credit that applies automatically to bookings through their portal. Simple and effective. The Amex card piles on more credits, but they require specific spending habits.
- Amex: Multiple credits like airline fees, hotel bookings, and software services
- Capital One: Straightforward $300 travel credit plus anniversary miles
From what I’ve seen, the lower fee on the Venture X often feels easier to justify for most owners.
Welcome Bonuses: The First-Year Boost
Welcome offers can make or break the decision to apply. The Capital One Venture X Business currently dangles up to 400,000 bonus miles. You earn 200,000 after $30,000 spend in three months, plus another 200,000 after $150,000 total in six months. That’s massive. If you hit the full amount, it’s like getting thousands in travel value.
The Amex Business Platinum counters with 200,000 Membership Rewards points after $20,000 spend in three months. Lower spend requirement, but fewer points overall. In my opinion, the Capital One offer edges out if your business can handle the higher thresholds.
Big spending businesses thrive on these bonuses, turning routine expenses into free trips.
Both offers are strong, but the Capital One version feels more rewarding for high-volume operations.
How You Earn Rewards Day-to-Day
Earning rates can make all the difference over time. The Amex Business Platinum gives 5X points on flights and prepaid hotels through their portal. You also earn 2X on specific business categories like shipping or software, plus 2X on large purchases over $5,000.
The Capital One Venture X Business keeps it simple: 2X miles on everything, with 10X on hotels and rental cars, and 5X on flights booked through their portal. No categories to track, no caps to worry about. I love that simplicity. It rewards consistent spending without overcomplicating things.
- Amex: Higher bonuses in targeted areas
- Capital One: Flat rate everywhere
- Winner for most: Capital One’s ease
Unless your spending aligns perfectly with Amex categories, the Venture X usually pulls ahead.
Redeeming Points and Miles Effectively
Both programs shine when transferring to partners. Amex Membership Rewards connects to airlines like Delta and hotels like Hilton. Capital One miles transfer to partners like British Airways or Turkish Airlines. Values are similar, around 1.8-2 cents per point depending on how you redeem.
Amex offers a 35% rebate on select flights, which can boost value. Capital One lets you erase travel purchases at 1 cent per mile. It’s a tie here. Pick based on your favorite airlines or hotels.
Airport Lounge Access: The Big Perk
Lounges can turn stressful layovers into relaxing breaks. The Amex Business Platinum provides access to over 1,500 lounges, including Centurion and Priority Pass. Quality is top-tier, though guest access often costs extra unless you hit high spend.
The Capital One Venture X Business gives access to their lounges and Priority Pass, with two free guests. But changes are coming in 2026. Guests will cost money unless you spend $75,000 annually. Still, it’s generous now.
Amex wins on quantity and exclusivity. Capital One feels more family-friendly for now. This category often tips the scale for frequent flyers.
Other Perks and Protections
Amex loads up with credits: Dell, Adobe, wireless, and hotel bookings. If your business uses these, you can easily offset the fee. Capital One offers simpler benefits like anniversary miles and Global Entry credits.
Both provide solid travel insurance. Amex adds hotel elite status. It’s about matching perks to your lifestyle.
| Perk | Amex Business Platinum | Capital One Venture X Business |
| Annual Fee | $895 | $395 |
| Welcome Bonus | 200,000 points | Up to 400,000 miles |
| Lounge Access | Extensive network | Capital One + Priority Pass |
| Credits | Multiple niche | $300 travel |
Which Card Should You Choose?
Choose Amex Business Platinum if you travel often, value luxury lounges, and can use their credits. It’s ideal for high-spenders who maximize every perk.
Go with Capital One Venture X Business if you want simplicity, lower costs, and strong earning on all purchases. It’s easier for most businesses.
Ultimately, test what fits your spending. Both are excellent, but the right one will feel like it pays you back every month.
After weighing everything, I lean toward the Capital One for its balance of value and ease. But if your business demands premium experiences, Amex might be the better long-term play. What do you think fits your needs?
