Capital One Introduces Small Business Rewards Card: Venture for Business
Capital One has launched Venture for Business, a premium rewards credit card offering small business owners double miles on every purchase, the opportunity to earn up to 15,000 bonus miles within the first three months and a flexible redemption process that eliminates the restrictions commonly found in rewards programs. According to Capital One, there are no limits on when, where or how double miles can be earned, no retailer specifications or spending categories, no separate rewards enrollment or re-enrollment requirements, and no limit on the number of miles cardholders can accumulate.
“Small Business owners are the backbone of our economy and we are committed to helping them succeed,” said Jimmy Lee, head of Capital One’s National Small Business Lending division. “The Venture for Business card is custom-made to address the unique needs of small business owners who are continually forced to do more with less.”
The Venture for Business Card also enables cardholders to earn a one-time 5,000 mile bonus when they activate an employee card within the first 60 days of becoming a cardholder. Small business owners earn miles on all purchases made on the employee cards.
“We are building a market-leading rewards program and are proud to unveil our flagship product, Venture,” added Lee. “Venture for Business helps small business owners get more mileage out of their spending, while giving them hassle-free access to their rewards.”
The Venture for Business card follows the recent launch of Capital One’s Venture card for consumers, which was cited as one of the best rewards cards in the May 2010 issue of Money Magazine.
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