Amex Graphite Business Cash Unlimited Card vs Capital One Venture X Business
Side-by-side comparison
| Amex Graphite Business Cash Unlimited Card | Capital One Venture X Business | |
|---|---|---|
| Annual fee | $295 | $395 |
| Welcome offer | $1,500 cash back | 150,000 Miles |
| Advertising | 2% | 2% |
| Shipping | 2% | 2% |
| Office supplies | 2% | 2% |
| Phone & internet | 2% | 2% |
| Travel | 2% | 2% |
| Everything else | 2% | 2% |
| Est. yearly rewards* | $900 | $900 |
| Points type | Cash back only | Transfers to airlines & hotels |
| Network | Amex | Visa |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified June 2026. See your own numbers in the calculator.
The verdict
On a typical year of business spending, the Amex Graphite Business Cash Unlimited Card earns about $900 a year in rewards and the Capital One Venture X Business about $900, valuing every point at a flat 1 cent. The Amex Graphite Business Cash Unlimited Card charges $295, which you clear through its rewards and perks. The Capital One Venture X Business charges $395, but carries about $520 in annual statement credits that offset it for anyone who uses them. Counting rewards, fees, and any credits, the Capital One Venture X Business delivers more total value, about $160 a year more for a typical spender, mostly because it carries more in annual statement credits. The bigger difference is the ceiling: the Capital One Venture X Business earns points you can move to travel partners for outsized value, while the Amex Graphite Business Cash Unlimited Card pays plain cash back. Favor the Capital One Venture X Business if you will use travel transfers, the Amex Graphite Business Cash Unlimited Card if you want simplicity. On the sign-up bonus, the two are currently comparable in size. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.