Costs & Pricing

Metric	Capital One Venture X Business	BILL Divvy Card
Annual fee	$395 (ongoing; no first-year waiver published)	$0
Employee card fee	$0 for employee cards. Optional lounge access for additional cardholders is $125/year per person (up to 4). Cards without lounge access stay free.	$0; unlimited physical and virtual cards
Purchase APR	Marketing: 25.74% variable on the portion you elect to carry. Formal disclosure box does not print a purchase APR — it states the balance is due in full. No published Prime+ band.	N/A — charge card. Pay Amount Due in full. No purchase APR published. Marketing “0%” is charge-card float, not an intro APR.
Intro APR (purchases)	Not offered	Not offered
Foreign transaction fee	$0	Not $0. WebBank agreement (as of 6 Mar 2025): Foreign Currency Transaction Fee billed at cost, up to 25 bps; Cross Border Transaction Fee at cost, up to 135 bps. Combined theoretical cap ≈ 1.60% if both apply. Other issuers may differ — see your Cardholder Agreement. Foreign spend also earns no rewards. NerdWallet 0% listings are superseded.
Late payment fee	2.99% of the unpaid portion of the minimum payment. Because the minimum equals the New Balance, a missed due date is expensive.	Greater of 2.99% of amounts past due or $38 (WebBank)

Rewards & Value

Metric	Capital One Venture X Business	BILL Divvy Card
Base earn rate	Unlimited 2 miles per $1 on net purchases (no published category cap)	Everything Else (eligible): 1.5x weekly/daily/prepaid; 1x semi-monthly; 1x monthly. Official cash value uses dollar examples — 100,000 pts = $520 cash (0.52¢/pt), $510 gift cards, $490 statement credit. Issuer copy that says “0.0052 cents/point” conflicts; use the dollar examples. Weekly 1.5x everything else ≈ 0.78% cash.
Welcome bonus	Standard public offer (product page + disclosure 31812, 2026-09-03): 150,000 bonus miles after $30,000 spend within 3 months of rewards-membership enrollment. Posted within two billing cycles. Marketed as equal to $1,500 in travel at the 1¢ portal rate.	Not offered on live public product pages (official rewards page and NerdWallet, Apr 2026). No spend threshold, no once-per-lifetime language, no offer expiration.
Redemption value	1¢ per mile for portal travel and Cover Your Travel Purchases (miles needed = dollars × 100). Issuer markets 10,000 anniversary miles as $100 toward travel. Cash via check/account credit and gift cards at rates that vary and can change — not automatic.	Cash back (ACH or check, ~15 business days): 100,000 pts = $520 (0.52¢). Gift cards (Tango, 3–5 days): $510 (0.51¢). Statement credit: $490 (0.49¢). Partner travel cited by NerdWallet/Bankrate at 1¢/pt is not quantified on the current official rewards page — secondary / verify in-product. Weekly 7x restaurants on the first $5k ≈ 3.64% cash if rules are met.
Transfer partners	Capital One miles program (disclosure: may be eligible). Official 2026 list — 1:1 airlines: Aeromexico Rewards, Air Canada Aeroplan, Avianca LifeMiles, British Airways Club, Cathay Pacific Asia Miles, Etihad Guest, Finnair Plus, Flying Blue (Air France-KLM), Qantas, Qatar Privilege Club, Singapore KrisFlyer, TAP Miles&Go, Turkish Miles&Smiles, Virgin Red. 2:1.5: Emirates Skywards, EVA Air, Japan Airlines. 5:3: JetBlue TrueBlue. Hotels: Choice Privileges 1:1, Wyndham Rewards 1:1, I Prefer 1:2, Accor Live Limitless 2:1. Miles do not expire while the account is open; may be forfeited if closed.	Not offered

Credit & Eligibility

Metric	Capital One Venture X Business	BILL Divvy Card
Personal guarantee	Required in practice / exact clause not on the public product page. Capital One educational copy treats PGs as typical on business cards; secondary sources (Nav, Ramp) state Cap One business cards require a PG.	Conflict. BILL blog (2 Sep 2026): does not require a personal guarantee; owner is not personally liable. WebBank agreement: if the entity fails to pay, the individual signing personally guarantees all amounts owed. BBB complaints include users told no PG then collected as guarantors. Marketing ≠ agreement — quote the customer’s actual Card Agreement.
Credit check	Application collects SSN/ITIN, rent/mortgage, personal contact. Hard pull is the Cap One / industry norm; pre-approval tool is marketed as no-impact. Whose credit: authorizing signatory; beneficial owners/controllers also collected.	Official Application FAQ: soft inquiry on the business and the authorized signer. We don't do a hard inquiry. Application collects estimated personal credit score of the signer, SSN or passport, DOB, residential address.
Employee cards	Free; public copy does not numerically cap count. Roles: authorized user vs account manager (more admin rights). Custom spend limits, real-time posting, lock/unlock. Primary remains liable. No complimentary lounge access for additional cardholders unless $125/year add-on (up to 4).	Unlimited physical + virtual. Admin budgets and controls; freeze/unfreeze; MCC / merchant / amount policies on custom-limit virtual cards. Liability sits on the business account (and, if the WebBank clause applies, the signer after entity default).
Product type	Hybrid business charge card with no preset spending limit (NPSL). Official terms: all charges due in full; minimum payment equals New Balance. Marketing allows carrying a portion at 25.74% variable APR (Pay Over Time). Not a traditional revolving line.	Corporate charge card + spend-management platform. Full balance due each billing cycle; no revolving APR on public product pages. Credit is a business line used via physical/virtual cards with budgets. Official page also offers variable, fixed, and secured credit-line types. Not a consumer card.

Pros & Cons

Capital One Venture X Business

Pros

• Unlimited 2X miles with no category tracking, plus 5X/10X in Capital One Business Travel and 15+ transfer partners
• $300 portal credit + 10,000 anniversary miles offset most of the $395 fee if the credit is used (fee nets about −$5 at 1¢/mile before lounge value)
• NPSL purchasing power with Confirm Purchasing Power; $0 FTF
• Free employee and virtual cards; Accounts Payable included (no platform fee)
• Primary lounge stack (Cap One + Priority Pass) with two free PP guests — better PP guest policy than personal Venture X after Feb 2026

Cons

• $395 fee and a $300 credit that only works inside Capital One Business Travel
• Welcome spend hurdle is $30,000 in 3 months; prior Capital One Business customers may get $0 bonus
• Pay-in-full design; late fee is 2.99% of the unpaid New Balance
• Carry APR 25.74% if you use the residual-balance option — poor working-capital tool
• Portal-only hotel/air bonuses; insurance/cell-phone/rental-CDW details are network-dependent and not in a public benefits PDF

BILL Divvy Card

Pros

• $0 annual and per-card fees with unlimited physical/virtual cards
• Real budget locks, vendor virtual cards, AI receipt matching, and two-way ERP sync in the free Spend & Expense software
• Headline earn can be high on weekly dining/hotel spend inside the first $5k/month (official table)
• Soft-pull application; reports to SBFE for business-credit building
• Visa Signature primary auto-rental CDW on business rentals; AP customers can pay vendors on the card with $0 BILL transaction fee

Cons

• Charge card: miss a due date and you get a late fee (2.99% or $38) plus freeze/default risk, not a revolver
• Rewards are operationally fragile: 30% of line, 12-month lock, 5,000-pt minimum, ~0.5¢ cash value, first-$5k bonus window
• Foreign spend: FTF + no points
• PG language conflict between BILL marketing and the WebBank agreement / complaint file
• No welcome bonus, no travel-credit stack, no transfer partners; Trustpilot on bill.com is weak (1.7/5)

Verdict

Capital One Venture X Business

Venture X Business is the miles/lounge sibling of Spark Cash Plus — same NPSL charge-card chassis, not consumer Venture X and not Venture Business. Fee math works if the $300 portal credit is used; skip it if you will not book in Capital One Business Travel, cannot hit $30k/3 months, need 0% float, or want no-PG underwriting. Confirm the live welcome tile (150k standard vs 400k targeted) and the issued Visa vs Mastercard benefits guide.

BILL Divvy Card

This is a charge card + free Spend & Expense, not a 2% cash daily driver and not paid BILL AP/AR. Size the line to spend so the 30% rule is reachable. Confirm the live Card Agreement on personal guarantee — WebBank makes the signer a guarantor if the company does not pay. Skip it if you need to revolve, spend abroad, or cash out a simple flat rate in year one.