Capital One launches new Venture Business Card with limited-time 150,000-mile welcome bonus

Business owners can earn Capital One miles to use on future travel with the new Capital One Venture Business Card. As a new Venture Business cardholder, you’ll also get a huge limited-time welcome offer of up to 150,000 bonus miles.

The Venture Business Card is replacing Capital One Spark Miles for business and has the same rewards structure and annual fee. But you’ll also get some additional benefits that can help you save money on business expenses every year.

Here’s what tyou should know about the new Venture Business Card—and how to take advantage of the limited-time bonus.

Read more: best business credit cards

For enterprise business, the welcome offer is two-fold: First, you’ll earn 75,000 bonus miles after spending $7,500 within the first three months from account opening. You can earn an additional 75,000 miles after you spend a total of $30,000 in the first six months.

That’s a total of 150,000 bonus miles.

But don’t also forget the rewards you’ll earn while working toward that bonus. At 2x miles per dollar, the $30,000 needed to earn the full bonus within six months will give you an additional $60,000. That means you can accrue 210,000 miles in the first half of the year when combined with 150,000.

If you redeem your rewards for travel at the value of 1 cent per mile, that’s worth $2,100 in rewards value. The limited-time bonus alone is worth $1,500 toward future travel, even if you don’t include the miles you’ll accrue from spending.

The Capital One Venture Business, like the consumer Capital One Venture Rewards Credit Card, is a solid travel card with simple rewards that can help you maximise every purchase for future travel savings.

Although the venture business has an annual fee, it is quite affordable compared to many other business cards today. Regular business expenses are also relatively easy to cover. At the standard 2x rewards rate, you can earn $95 in rewards value after spending $4,750 annually.

With many other 2x rewards or 2% cashback business cards available today, you’ll typically get a very high annual fee for unlimited annual rewards or a spending limit that limits how much you can earn each year at that rewards rate.

What sets this card apart from other business cards with flat 2x rewards are the additional benefits you get:

• $50 annual travel credit for Capital One business travel booking

• $50 annual statement credit for purchases with eligible advertising or software merchants

• Up to $120 credit for TSA PreCheck or Global Entry every four years

If you use just two $50 annual credits each year, you can easily recoup this card’s $95 annual fee—even before accounting for rewards value in your spending.

Finally, a limited-time welcome bonus for Capital One Venture Business.

Its value increases even more for first-year cardholders. If the total $30,000 spent within the first six months is within your business budget, you won’t find many cards with higher bonus rewards today.

If that amount exceeds your regular budget, don’t spend more than you can afford just to earn a bonus. Consider applying for a card when you have to make a large business purchase or when you plan to spend more. Otherwise, even the increased bonus amount may not be worth taking a high-interest loan.

Read more: Best Capital One Credit Cards

If you’re considering a new card for your business expenses, here are some more options with excellent rewards on everyday spending:

Why we like it: This new business card from Amex similarly earns unlimited 2% cashback on every purchase, plus an additional 5% cashback on select Amex travel bookings. You will have to pay a hefty annual fee (View Rates and Fees) but can earn a valuable welcome bonus and some additional profits. The card may be a good option if you have a larger annual business budget or you prefer cash-back rewards.

Why we like it: This cash-back card from Capital One earns unlimited 2% cash back on every purchase, plus 5% cashback on Capital One Business Travel hotels and rental cars. Although it has a slightly higher annual fee than Venture Business, you can recoup it after spending $150,000 in a calendar year. If you have a large annual budget for business expenses and you don’t travel often, this card can provide tremendous value.

Read our full review of the Capital One Spark Cash Plus

Why we like it: If you travel frequently for business, you may get more value from the premium Capital One Venture. It offers the same rewards (with some increased miles on select Capital One business travel booking) with even more annual benefits. You’ll get a $300 annual travel credit, airport lounge access to Capital One lounges and participating Priority Pass lounges, bonus miles on each account anniversary, and more.

Read our full venture.

Editorial Disclosure: Any advertiser has not reviewed or approved the information in this article. All opinions are solely those of Yahoo Finance and not those of any other entity. Details of financial products, including card rates and fees, are accurate at the date of publication. All products or services are offered without warranty. Check the bank’s website for the latest information. This site does not include all currently available offers. Credit score alone does not guarantee or indicate approval for any financial product.