Editor’s observe: This submit has been up to date with new info.
Capital One Enterprise X Rewards Credit score Card overview
The Capital One Enterprise X Rewards Credit score Card represents the issuer’s first foray into the world of premium journey rewards playing cards and knocks it out of the park. With an annual charge that undercuts the competitors and plentiful perks which can be straightforward to grasp, the cardboard is sort of a no brainer for vacationers starting from luxurious seekers to the extra budget-minded. Chase and Amex, take discover. Card ranking*: ⭐⭐⭐⭐½
* Card ranking is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
During the last couple of years, premium playing cards like The Platinum Card® from American Specific and Chase Sapphire Reserve took heart stage with main updates, together with the addition of latest perks and assertion credit — together with elevated annual charges.
Nevertheless, the Capital One Enterprise X stole the limelight altogether when it launched in November 2021, because of an outstanding sign-up bonus and a few extremely worthwhile perks. Plus, with an annual charge of simply $395, the Enterprise X is extra reasonably priced than its principal opponents.
Relatively than overcomplicating its advantages as different premium playing cards have achieved, the Enterprise X makes its perks extremely straightforward to make use of. Actually, it’s easy to recoup the cardboard’s yearly charge simply by maximizing two of its major perks.
Its present welcome supply can be fairly nice and has a comparatively low spending requirement.
Should you’re contemplating the Enterprise X, right here is the whole lot it’s essential know earlier than clicking that “apply” button.
Official software hyperlink: Capital One Enterprise X with 75,000 bonus miles after you spend $4,000 on purchases within the first three months from account opening.
Who’s the Capital One Enterprise X for?
The Capital One Enterprise X is a premium rewards card supposed for people trying to elevate their journey expertise with out having to pay an exorbitant annual charge.
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The cardboard provides as much as $300 in annual assertion credit towards bookings made via Capital One Journey, which makes up for almost all of its annual charge.
Nevertheless, the Enterprise X additionally rewards cardholders with 10,000 bonus miles each account anniversary (for much more free journey), plus intensive airport lounge entry, wonderful journey protections and rental automotive privileges — and even extends a few of these advantages to approved customers (you’ll be able to add as much as 4 of these customers totally free).
On the rewards aspect, Capital One dramatically improved its miles program over the previous few years. The issuer added quite a lot of new airline and lodge companions, and now you can switch Capital One miles — together with these earned with the Enterprise X — at a 1:1 ratio to most of them, which makes the cardboard much more of a standout in a crowded market.
As for journey advantages, Capital One opened its first-ever proprietary airport lounge at Dallas-Fort Value Worldwide (DFW) in 2021, and it has extra lounges on the horizon. Cardholders will be capable to benefit from gourmand grab-and-go meals, refined workspaces and even Peloton studios for a preflight exercise. Cardholders may also register for Precedence Go and entry over 1,300 airport lounges worldwide, and final yr, it added Plaza Premium lounge entry as properly.
Plus, Capital One has now launched its personal luxurious lodge program with the Premier Assortment. Enterprise X cardholders will get particular entry to lodges which have been “hand-picked for distinctive high quality” and luxuriate in advantages like free breakfast, room upgrades and on-property credit to make use of for experiences or meals purchases.
In brief, it’s an thrilling time to be a Capital One cardholder, and the Enterprise X is simply one other main cause why.
Associated: From Peloton to premium eats: What you’ll be able to count on inside Capital One’s airport lounges
Capital One Enterprise X sign-up bonus
The Enterprise X card’s sign-up bonus is 75,000 bonus miles after you spend $4,000 on purchases within the first three months from account opening. In keeping with TPG’s newest valuations, 75,000 Capital One miles are value $1,388 because of the outsized worth you may get from transferring Capital One miles to this system’s airline and lodge companions.
Even in the event you don’t wish to navigate the complexities of transferable factors, you’ll be able to nonetheless use your Capital One miles immediately for journey at a charge of 1 cent per mile — making the sign-up bonus value $750.
Associated: How (and why) you need to earn transferable factors in 2022
Essential advantages and perks of the Capital One Enterprise X
Whereas a $395 annual charge may initially look like a deterrent, it’s straightforward to see how the Enterprise X’s perks can offset the yearly value with minimal effort. Under, you’ll discover a full listing of card advantages — and a deeper dive into three particular ones.
Advantages overview
- Assertion credit score: As much as $300 again in assertion credit score yearly for bookings made via Capital One Journey.
- Anniversary bonus: 10,000 bonus miles each account anniversary, beginning in your first anniversary (value $100 towards journey).
- Lounge entry: Complimentary entry for cardholders, approved customers and as much as two friends per go to to Capital One Lounges . For all different friends touring with the cardholder or approved consumer are welcomed at the usual charge of $65 to greater than 1,300 Precedence Go lounges worldwide.
- Licensed customers: As much as 4 approved customers will be added at no cost, they usually additionally get the identical visitor entry because the cardholder for the Capital One Lounge and Precedence Go.
- Rental automotive standing: The first cardholder in addition to approved customers obtain complimentary Hertz President’s Circle standing**.
- International Entry or TSA PreCheck: As much as $100 in assertion credit for both TSA PreCheck or International Entry.
- Journey cancellation and interruption insurance coverage: As much as $2,000 per particular person for you and rapid relations for pay as you go, nonrefundable tickets.*
- Journey delay reimbursement: As much as $500 per particular person for affordable bills like lodge rooms, meals, toiletries or garments when your flight is delayed in a single day or by six hours or extra.
- Misplaced baggage reimbursement: As much as $3,000 per coated journey if the airline damages or loses your luggage.*
- Cellphone safety: Through the use of the cardboard to pay your month-to-month wi-fi invoice, you’re eligible for as much as $800 in protection per declare with a most of two claims and $1,600 per 12-month interval. A $50 deductible applies per incidence.
- Main rental automotive insurance coverage: As much as $75,000 for harm attributable to collision or theft to a rental automotive.*
- Buy, prolonged guarantee and return safety: As much as $10,000 per declare and $50,000 per account on purchases; warranties prolonged by a further yr; returns as much as $300 per merchandise and $1,000 per account.*
* Advantages obtainable on Visa Infinite playing cards.
**Upon enrollment, accessible via the Capital One web site or cell app, eligible cardholders will stay at upgraded standing degree via December 31, 2024. Please observe, enrolling via the conventional Hertz Gold Plus Rewards enrollment course of (e.g. at Hertz.com) is not going to routinely detect a cardholder as being eligible for this system and cardholders is not going to be routinely upgraded to the relevant standing tier. Further phrases apply.
Now, let’s take a look at the three advantages each cardholder ought to be capable to maximize.
Capital One Journey: $300 assertion credit score
The $300 annual assertion credit score perk with Capital One Journey is straightforward. Each account yr, you obtain as much as $300 in assertion credit towards purchases made via Capital One Journey, together with lodge bookings, automotive leases and airfare.
Nevertheless, the credit score is just not relevant to journey purchases made via another channel. Whereas that makes it extra restrictive than the annual $300 journey credit score obtainable with the Chase Sapphire Reserve, it’s nonetheless comparatively straightforward to make use of and considerably offsets the true value of the cardboard’s $395 charge — so long as you truly benefit from it.
There are some downsides to utilizing a third-party reserving service (notably elite perks are often not acknowledged for lodges and rental vehicles). Nevertheless, Capital One has made vital strides within the journey reserving expertise, most just lately investing in reserving platform Hopper and including customer-friendly options like price-drop prediction and a best-price assure. As well as, leases with Hertz booked via Capital One Journey are eligible for loyalty perks with the cardboard’s included President’s Circle standing.
Associated: Every part it’s essential know concerning the Capital One Enterprise X $300 journey credit score
Anniversary bonus: 10,000 miles
The cardboard’s different annual profit is one other one which’s easy to grasp. Beginning with their first account anniversary, cardmembers will obtain 10,000 bonus miles every year.
In keeping with the most recent TPG valuations, 10,000 Capital One miles are value $185, because of the potential worth from airline and lodge switch companions. Nevertheless, in the event you have been to redeem the ten,000 miles at a hard and fast worth on journey purchases, you’d nonetheless get $100 in worth.
Add that to the $300 Capital One Journey portal assertion credit score, and cardholders are taking a look at a simple $400 in worth from their card every year, greater than offsetting its $395 annual charge.
Lounge entry (for approved customers, too)
Capital One’s lounge ambitions are clear. The issuer needs to tackle the incumbent participant within the area, American Specific, by constructing out its personal airport lounges and offering entry to the Precedence Go world community of lounges as properly.
Main Enterprise X cardholders can enter Capital One Lounges with as much as two friends totally free. The Precedence Go membership consists of complimentary lounge entry for all friends touring with the cardholder.
What’s extra, Enterprise X approved customers additionally obtain complimentary entry for themselves and as much as two friends per go to to Capital One Lounges and for all friends touring with the approved consumer to greater than 1,300 Precedence Go lounges worldwide. You’ll be able to add as much as 4 approved customers totally free, which is a reasonably incredible perk.
Nevertheless, it is value noting that, as of Jan. 1, 2023, Enterprise X Precedence Go memberships not embody restaurant entry — mirroring the restrictions imposed by American Specific a number of years in the past.
Learn extra: The ten greatest Precedence Go lounges around the globe
earn Capital One miles
The Enterprise X accrues miles on the following charges:
- 10 miles per greenback on lodges and automotive leases booked through Capital One Journey.
- 5 miles per greenback on flights booked through Capital One Journey.
- 2 miles per greenback on different purchases.
This simplicity builds off of the $95-per-year Capital One Enterprise Rewards Credit score Card, a product that has been round for over a decade. In that method, the Enterprise X represents one of the best of each worlds — excessive incomes potential on journey purchases, particularly, however a strong on a regular basis incomes charge that’s straightforward to maintain monitor of.
Learn extra: Bank card showdown: Capital One Enterprise vs. Capital One Enterprise X
redeem Capital One miles
Capital One miles will be redeemed in a number of methods, however transferring miles to journey companions in all probability represents probably the most profitable alternative.
Switch miles
Through the years, Capital One has made vital enhancements to its mileage program, together with shifting from solely fixed-rate redemptions to including a number of airline and lodge switch companions, most of which now convert at a 1:1 ratio.
Right here is the total listing of switch companions and their respective switch ratios from Capital One:
| Switch associate | Switch ratio |
|---|---|
| Aeromexico Membership Premier | 1:1 |
| Air Canada Aeroplan | 1:1 |
| Air France-KLM Flying Blue | 1:1 |
| Avianca LifeMiles | 1:1 |
| Accor Stay Limitless | 2:1 |
| British Airways Avios | 1:1 |
| Cathay Pacific Asia Miles | 1:1 |
| Selection Privileges Motels | 1:1 |
| Emirates Skywards | 1:1 |
| Etihad Visitor | 1:1 |
| EVA Infinity MileageLands | 2:1.5 |
| Finnair Plus | 1:1 |
| Qantas Frequent Flyer | 1:1 |
| Singapore KrisFlyer | 1:1 |
| TAP Air Portugal Miles&Go | 1:1 |
| Turkish Airways Miles&Smiles | 1:1 |
| Virgin (Atlantic) Purple | 1:1 |
| Wyndham Rewards | 1:1 |
By leveraging switch companions, there are a selection of sweet-spot redemption alternatives, together with financial system flights to Hawaii for simply 7,500 Capital One miles by transferring to Turkish Miles & Smiles and redeeming for United flights, business-class flights to South America for 50,000 Capital One miles transferred to TAP and redeemed on United, and far, way more.
Mounted-value redemptions
Should you contemplate simplicity extra essential than cent-per-point worth, Capital One additionally provides a number of fixed-value redemption choices. These embody:
- Guide journey: You’ll be able to e book journey immediately via Capital One Journey at a price of 1 cent per mile.
- Repay journey purchases: You’ll be able to repay journey purchases made up to now 90 days in your card assertion with out having to fret concerning the complexities of loyalty packages. You’ll once more get a flat worth of 1 cent per mile.
- Redeem for reward playing cards: You should utilize miles for reward playing cards on the similar charge of 1 cent per mile.
- Redeem for money again: You must do the whole lot attainable to keep away from this selection, as it’s going to solely present a redemption worth of 0.5 cents per mile.
You must by no means use the final possibility right here because it slashes the worth you get in comparison with journey redemptions.
Which playing cards compete with the Capital One Enterprise X?
With a $395 annual charge, the Enterprise X falls throughout the premium journey playing cards class. Two principal opponents come to thoughts: the Amex Platinum and the Chase Sapphire Reserve. Each playing cards additionally earn transferable factors currencies: Amex Membership Rewards and Chase Final Rewards, respectively.
Nevertheless, each of those playing cards include considerably increased annual charges — $550 for the Sapphire Reserve and $695 for the Platinum (see charges and charges).
Amex Platinum
The Capital One Enterprise X comes out forward of Amex Platinum in a single key space: simplicity.
The Amex Platinum has an advanced assortment of advantages and perks, together with a minimum of 10 completely different built-in assertion credit which can be allotted in time frames ranging wherever from month-to-month to each 4 years, making them tough to maintain monitor of. When you can offset the cardboard’s hefty $695 annual charge with these included credit, it’s a lot to handle — to not point out a few of these perks may not be helpful for sure cardmembers.
Then again, whereas Capital One has grand ambitions with its personal lounge community, Amex has a major head begin with Centurion Lounges at greater than 20 airports, in addition to the International Lounge Assortment, which incorporates Precedence Go, Delta Sky Golf equipment (when flying on the identical day with Delta) and extra. Sure flyers who hit the lounge loads may favor the Amex Platinum for this profit — although it’s not at all times one of the best expertise.
Chase Sapphire Reserve
Chase Sapphire Reserve cardholders earn bonus factors at comparable charges to the Enterprise X when reserving via the Final Rewards journey portal, with 10 factors per greenback on lodge and automotive rental purchases and 5 factors per greenback on airfare. Nevertheless, additionally they earn 3 factors per greenback on different journey and eating, which beats the Enterprise X.
The Final Rewards program has some nice switch companions that Capital One doesn’t, akin to United MileagePlus and World of Hyatt. As well as, the Chase Sapphire Reserve has a devoted 1.5-cent redemption charge for journey booked via the issuer’s cardholder portal, considerably surpassing the 1 cent per mile you get with the Enterprise and Enterprise X playing cards. And the annual $300 journey credit score on the Sapphire Reserve is far simpler to make use of.
That stated, the Chase Sapphire Reserve’s $550 annual charge is far increased than the Enterprise X’s. On condition that it’s been round for a number of years now, you additionally may have already got it or its mid-tier counterpart, the Chase Sapphire Most popular Card.
In that case, the Enterprise X makes plenty of sense, because it means that you can stack additional assertion credit and perks whereas accumulating factors in one other worthwhile transferable factors program. And in terms of journey rewards, having extra choices and extra flexibility for redeeming your factors is at all times good.
Chase can be organising its personal community of lounges, with the primary one open at Hong Kong Worldwide Airport (HKG). Nevertheless, all of Chase’s new lounges are anticipated to be obtainable to each Chase Sapphire Reserve cardmembers in addition to members of Precedence Go. That signifies that even Enterprise X cardholders will most definitely get entry to Chase’s lounges, however for a decrease annual charge than the $550 that the Sapphire Reserve.
Backside line
With easy rewards and total strong worth, the Enterprise X has mass attraction, particularly for these trying to find (or switching from) a premium journey rewards card.
As well as, there are plenty of under-the-radar perks on the cardboard, together with Visa Infinite advantages with an intensive listing of journey, baggage, automotive rental and buy protections. Add in a burgeoning community of airport lounges, no-fee approved customers, Capital One’s sturdy switch companions and a brand new luxurious lodge program, and you’ve got a card that’s practically a no brainer.
Official software hyperlink: Capital One Enterprise X with 75,000 bonus miles after you spend $4,000 on purchases within the first three months from account opening.
For charges and charges of the Amex Platinum Card, click on right here.
For Capital One merchandise listed on this web page, among the above advantages are supplied by Visa® or Mastercard® and will fluctuate by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
Further reporting by Ryan Wilcox, Eric Rosen and Christina Ly.
