TLDR:
Existing cardmembers seem to be spared for now, Venture X Business cuts Priority Pass access for new cardholders by eliminating credits at non-lounge locations such as restaurants and spas. The change is due to the card’s recent transition from Mastercard to Visa.
Summary:
The Capital One Venture X Business, a small business premium travel rewards card, recently made changes to its Priority Pass membership benefits. New cardholders are no longer offered credits at Priority Pass non-lounge locations like restaurants and spas. This change comes as the card transitioned from a Mastercard to a Visa, affecting newly issued cards only. Despite this, existing cardmembers, who had the card issued as a Mastercard, still retain the benefit.
While this may be seen as a negative change, it reflects a trend in the industry where popular travel cards are reducing their benefits. Similar changes have been made by other cards like The Platinum Card® from American Express and the Chase Sapphire Reserve® Card. However, the core value of the Venture X Business card, including a $300 annual travel credit, 10,000 anniversary bonus miles, and access to Capital One Lounges, remains unchanged. The $395 annual fee is still considered worthwhile for many users.
Overall, the Venture X Business remains a compelling business card despite the reduction in Priority Pass benefits for new cardholders. It is essential to consider the overall value proposition of the card and evaluate the benefits against the annual fee to determine if it aligns with individual travel preferences and needs.
