Refer businesses to Capital One and earn up to $1,500 per referral

30.04.2024 - 14:23 / thepointsguy.com

As a small-business owner and Capital One cardholder, I'm always looking for ways to maximize the rewards I earn while spending.

Many small-business owners don't realize the vast number of expenses that can be paid with a business card — and how using a card for those expenses allows business owners to earn rewards such as cash back or even miles.

This is especially true with all the recurring expenses a typical small business deals with on a monthly basis (think: utility bills and uniform rentals, to name a few).

Right now, thanks to its referral program, you may be able to earn even more than usual with your Capital One business card.

If you're not familiar, Capital One offers a referral program for small-business owners who hold a Capital One business card and want to refer other business owners to do the same.

Right now, Capital One is offering some small-business owners increased referral offers. So, for example, customers who have historically received a $200 bonus per referral may now be eligible for an exclusive higher-value referral bonus of up to $1,500 per referral.

You can get a bonus on up to five referrals per year. Those eligible for a $1,500 bonus per referral can earn up to $7,500 in referral bonuses annually at these increased amounts.

Depending on which Capital One business card you hold, you may be able to earn a statement credit or miles for referrals. The higher amounts currently being offered to some customers are some of the best we've ever seen.

To see what you can earn for referral bonuses and help other business owners ramp up their rewards, navigate to the Capital One Refer a Business page located here or follow these steps:

My small business uses the Capital One Venture X Business card for virtually every business expense, ranging from office supplies and paper products to food items. This translates to earning 2 miles per dollar spent on every transaction.

I use those miles to reward my employees with travel and to help pay for my own family vacations and getaways to boutique hotels. They even help me occasionally fly in business class by using some of Capital One's airline transfer partners.

I've also redeemed Capital One miles to send employees to Hawaii, as well as to attend their kids' sporting events around the country, which makes for a great way to show appreciation and say thanks for a job well done.

There's no reason to keep that rewarding approach to managing business expenses a secret, which is where the referral program comes in.

When I tell other small businesses about the Capital One Refer a Business program, I can get a referral bonus when they're approved for a Capital One business card using my unique referral link, and those businesses can start racking