The small business credit card market is filled with extremely interesting gives, and Capital One has contributed to it with its expansive household of Spark playing cards.

Subsequent week, nonetheless, one of many playing cards shall be leaving the Spark household — however it will not be going very far. The Capital One Spark Journey Elite, a premium journey enterprise card, shall be becoming a member of the Enterprise playing cards and getting a brand new identify: the Capital One Venture X Business.

Just like the Spark Journey Elite, the brand new Enterprise X Enterprise can have a $395 annual payment and solely be obtainable to shoppers of Capital One relationship managers. Beneath, CNBC Select breaks down the cardboard’s options and how one can apply for one.

The Capital One Venture X Business shall be a premium steel card with a brand new design. Nevertheless, it should proceed providing the identical rewards and advantages because the Spark Elite. Listed here are some key options of the cardboard:

• The Enterprise X Enterprise is a cost card. Because of this the cardboard has no preset spending limit however you will need to pay the stability in full each month. In any other case, you will be hit with a 2.99% late payment.
• The cardboard gives entry to advantages for enterprise house owners. These embrace free worker and digital playing cards, the choice to sync transaction knowledge together with your accounting software program, year-end summaries and extra.
• The Enterprise X Enterprise earns journey rewards. You may get limitless 2X miles on each buy, in addition to 10X miles on motels and rental automobiles and 5X miles on flights when booked by way of Capital One Journey.
• It additionally gives glorious journey advantages. You may obtain as much as $300 in assertion credit yearly for journey booked by way of Capital One and as much as 10,000 bonus miles (price $100 towards journey) yearly after your first card anniversary. You may additionally get entry to Capital One Journey’s new Premier Collection which permits reserving stays at a curated number of luxurious motels. On high of that, you’ll use complimentary entry to Capital One Lounges and over 1,300 associate lounges. Lastly, you possibly can earn a TSA PreCheck or Global Entry software payment credit score each 4 years.

Contemplating the potential worth the cardboard can provide, frequent vacationers should not have an issue offsetting its hefty $395 annual payment. The Enterprise X Enterprise comes with some top-tier perks. The 2X incomes fee on all purchases additionally makes it simple to earn journey rewards on your enterprise spending. Capital One retains redemption versatile, too: You possibly can redeem immediately by way of the issuer’s journey portal, use your miles to cowl latest journey purchases, switch them to Capital One’s airline and hotel partners or redeem for reward playing cards or money again.

Alternatively, you possibly can look into the Capital One Venture X Rewards Credit Card. Except for the truth that it is a private card with a credit score restrict and no enterprise advantages, it gives the identical rewards construction and perks because the Enterprise X Enterprise on the identical annual payment.

As you possibly can see, with Enterprise X, you will get an identical rewards, annual journey credit score and anniversary bonus, lounge access and reimbursement perk for International Entry or TSA PreCheck software charges. If you happen to’re okay getting journey rewards and advantages by way of a private card quite than a enterprise one, the Venture X is a stable different.

That mentioned, do not forget that mixing private and enterprise spending is mostly not a good suggestion since it might complicate your tax scenario.

If you happen to’d quite stick to a enterprise bank card, you even have choices. For instance, The Business Platinum Card® from American Express, CNBC Choose’s best business card for luxurious perks, earns 5X Membership Rewards® factors on flights and pay as you go motels on amextravel.com and 1.5X Membership Rewards® factors on eligible purchases at U.S. development materials and {hardware} suppliers, digital items retailers and software program and cloud system suppliers, and transport suppliers, in addition to on purchases of $5,000 or extra all over the place else (as much as $2 million of those purchases per calendar yr). It additionally comes with premium perks, together with a number of assertion credit and entry to airport lounges.

The Capital One Venture X Business is a premium enterprise bank card that may permit you to earn journey rewards on your enterprise purchases and benefit from extremely enticing perks. It may be an important alternative for enterprise house owners who journey incessantly and might simply offset the cardboard’s $395 annual payment.

Maybe the one vital downside is that you would be able to solely get the cardboard by way of the issuer’s relationship supervisor. If that is not an possibility, you would possibly need to store for a special enterprise card — or think about the Capital One Venture X Rewards Credit Card for those who do not thoughts getting a private bank card as an alternative.