The Capital One Enterprise X Rewards Credit score Card made waves within the premium journey rewards area upon its launch. It gives unbelievable perks at a relatively low $395 annual payment — which can have you ever questioning whether or not it’s a greater possibility than the higher-priced Chase Sapphire Reserve or The Platinum Card® from American Categorical.
Proper now, new cardholders will earn 75,000 bonus miles after spending $4,000 within the first three months of account opening. TPG values these miles at $1,388 when leveraging the issuer’s 18 airline and resort switch companions.
When you’ve determined that it’s time to use for the Enterprise X, you’ll wish to assessment the eligibility standards first — particularly in the event you’ve carried different Capital One playing cards up to now.
Right here’s every part you should know.
Capital One Enterprise X particulars
Let’s shortly take a look at what the Enterprise X brings to the desk, from the welcome bonus to the continued perks.
Present welcome bonus
New candidates for the Capital One Enterprise X will earn 75,000 bonus miles after spending $4,000 within the first three months of account opening.
There are two important methods to make use of these miles. First, you can redeem Capital One miles for any travel-related fees in your assertion, whether or not that be Uber or Lyft rides, toll and parking charges or rental automobiles, or for future bookings by means of the Capital One Journey portal. Your Capital One miles are price 1 cent every on this style, so that you’re about $750 in journey worth.
However the higher possibility could also be to switch your miles to Capital One’s loyalty program companions — most of which have a easy switch ratio of 1:1. By transferring your miles over to a profitable companion, similar to Air Canada Aeroplan or Turkish Airways Miles&Smiles, you possibly can simply exceed the baseline worth of 1 cent per mile.
Annual payment
The Enterprise X carries a $395 annual payment — which is notably decrease than its premium counterparts.
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Incomes
The Capital One Enterprise X presents an incomes price that’s easy but rewarding:
- 10 miles per greenback on inns and rental automobiles booked by means of Capital One Journey.
- 5 miles per greenback on flights booked by means of Capital One Journey.
- 2 miles per greenback on all different eligible purchases.
Different advantages
Past the welcome bonus, listed here are the continued advantages on the Enterprise X:
Are you eligible to use for the Capital One Enterprise X?
When you’ve determined to use for the Enterprise X, listed here are the cardboard’s eligibility necessities:
What credit score rating do I must get the Enterprise X?
Capital One particularly mentions that it’s best to have wonderful credit score to qualify. Whereas the issuer doesn’t present a selected credit score rating vary, Capital One defines a wonderful credit score rating as 800 or above. Nonetheless, we have seen a number of stories of individuals being authorised with a credit score rating under 800, so it is in all probability price making use of even in the event you’re under that mark.
Capital One software guidelines
Capital One restricts the variety of private playing cards (not enterprise playing cards) you possibly can carry in your pockets. When you already carry two or extra shopper Capital One playing cards, you’ll doubtless be denied for the Enterprise X — even you probably have a wonderful credit score rating.
A few of Capital One’s different shopper playing cards embody the Capital One Enterprise Rewards Credit score Card, Capital One VentureOne Rewards Credit score Card, Capital One Quicksilver Money Rewards Credit score Card and the Capital One SavorOne Money Rewards Credit score Card.
As well as, you’ll solely get authorised for one Capital One card each six months, so be sure you area out your functions accordingly.
Present and former Enterprise X cardholders
These are the restrictions which can be particularly acknowledged within the Enterprise X’s phrases and circumstances:
You’ll earn 75,000 bonus miles in the event you spend no less than $4,000 inside three months of your rewards membership enrollment date. When you qualify for this bonus, we are going to apply it to your rewards stability inside two billing cycles. Current or earlier accountholders is probably not eligible for this one-time bonus.
When you at the moment maintain or beforehand have held the Enterprise X, you gained’t be eligible for the welcome bonus.
What if I have already got the Enterprise or VentureOne playing cards?
When you carry one of many Enterprise X’s sister playing cards (the Capital One Enterprise Rewards Credit score Card and Capital One VentureOne Rewards Credit score Card), you’ll nonetheless be eligible to hold the Enterprise X and get the cardboard’s welcome bonus. The one caveat is that you simply’ll wish to hold a detailed eye on the timing of your functions.
That mentioned, even current candidates for one of many different Enterprise playing cards have efficiently added the Enterprise X to their wallets.
TPG’s Nick Ewen and David Slotnick utilized for the Capital One Enterprise when it supplied an up-to-100,000-mile welcome bonus in April 2021 (since expired). And each had been authorised for the Enterprise X lower than a yr after they utilized for the Enterprise.
Learn extra: Bank card showdown: Capital One Enterprise vs. Capital One Enterprise X
Backside line
For extra particulars, try our full assessment of the Enterprise X.
For Capital One merchandise listed on this web page, a few of the above advantages are offered by Visa® or Mastercard® and should fluctuate by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
Official software hyperlink: Capital One Enterprise X
Extra reporting by Emily Thompson.
