Capital One VentureOne Business
- Best for: Business owners, side businesses included, who want travel miles on modest spending with no annual fee
- What Sets It Apart: Flat 1.5 miles per dollar with no annual fee; miles cover travel charged in the past 90 days; transfers to 15-plus airline and hotel programs
- Cost: $0 annual fee; no foreign transaction fee; 16.99%, 19.99%, or 22.99% variable APR; 33.15% penalty APR; cash advance fee $5 or 5%, whichever is greater; late fee up to $39
- Features: 50,000 bonus miles after $4,500 in purchases in 3 months; 5X on Capital One Business Travel bookings of hotels, vacation rentals, and rental cars; free employee cards; Hertz Five Star status; primary rental car coverage on business rentals
- Pros: No annual fee; miles worth a cent each toward travel; employee purchases earn miles
- Cons: Flights earn 1.5X even through Capital One Business Travel; cash redemptions pay half a cent per mile; no Global Entry or TSA PreCheck credit; owner personally liable for the balance
Open the Capital One VentureOne Business if you want travel miles on modest business spending without paying an annual fee. Every purchase earns 1.5 miles per dollar, and you can use the miles to pay for travel you charged to the card in the past 90 days, with no portal or airline program to learn.
The VentureOne Business is Capital One’s no-annual-fee travel card for small businesses, sold as the Spark Miles Select until Capital One renamed it in April 2026. It suits owners who want miles toward business travel without paying a fee, while owners who’d rather have cash can earn 1.5% back on every purchase with Capital One’s no-fee Spark Cash Select.
Key Features
- $0 annual fee and no foreign transaction fee
- 1.5 miles per dollar on every purchase, and 5 miles per dollar on Capital One Business Travel bookings of hotels, vacation rentals, and rental cars
- 50,000 bonus miles, worth $500 toward travel at a cent per mile, after $4,500 in purchases in the first 3 months
- 16.99%, 19.99%, or 22.99% variable APR (annual percentage rate), with no 0% introductory period
- Requires excellent credit, and sole proprietors, including side businesses, can apply with a Social Security number
Pros
- No annual fee to offset with rewards
- Miles can cover travel you charged in the past 90 days, at a cent each
- Miles transfer to 15-plus airline and hotel loyalty programs, most airlines at one-for-one
- Free employee cards whose purchases earn miles
- Rental car coverage that pays before your own auto insurance when you rent for business
Cons
- Flights earn only 1.5 miles per dollar, even when booked through Capital One Business Travel
- Cashing out pays half a cent per mile, versus a cent toward travel
- A 33.15% penalty APR can apply if two payments arrive 3 or more days late within 12 billing periods
- You’re personally liable for the balance, employee charges included
- No credit toward a Global Entry or TSA PreCheck application fee
The VentureOne Business is worth opening if you want simple travel miles on modest business spending and no annual fee. The $95 Venture Business’s 2 miles per dollar beat this card’s 1.5 after the fee once you charge over $19,000 a year, or from the first dollar if you’d use its $100 in yearly credits.
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