Editor’s be aware: This story has been up to date with the most recent data.
The Capital One Enterprise X Rewards Credit score Card is a improbable choice on the earth of journey rewards bank cards.
With an annual charge that undercuts the competitors and plentiful perks which can be straightforward to know, the cardboard is sort of a no brainer for vacationers starting from luxurious seekers to the extra budget-minded.
Proper now, you may apply for the Enterprise X and earn 75,000 bonus miles after you spend $4,000 on purchases within the first three months from account opening. In accordance with TPG’s newest valuations, 75,000 Capital One miles are value as much as $1,388 if you should utilize the issuer’s worthwhile switch companions (estimate based mostly on TPG’s editorial workforce and never offered by the cardboard issuer).
All which may have you ever taking one other take a look at Capital One and the Enterprise X. In that case, right here’s what it’s essential to know in regards to the card and its present provide.
Official utility hyperlink: Capital One Enterprise X with 75,000 bonus miles.
present Capital One Enterprise X sign-up bonus
The Enterprise X’s present sign-up bonus is 75,000 miles after you spend $4,000 on purchases within the first three months.
Capital One miles are value one cent apiece when redeemed for journey, both immediately via Capital One Journey or as a press release credit score towards journey purchases. Nonetheless, in response to TPG’s newest valuations, 75,000 Capital One miles are value $1,388 because of this system’s many airline and resort switch companions, which you’ll simply leverage for much more worth.
This bonus is a promoting level in and of itself, however let’s break down the cardboard’s different options.
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Key advantages of the Capital One Enterprise X
The Enterprise X is Capital One’s tackle the premium journey rewards bank card.
With a $395 annual charge, the cardboard undercuts dearer opponents on this house, comparable to The Platinum Card® from American Specific ($695, see charges and costs) and the Chase Sapphire Reserve ($550). However an annual charge is only a small a part of the story.
The Enterprise X confers the next advantages on cardholders:
- Incomes: The Enterprise X earns 10 miles per greenback on resorts and automotive leases booked by way of Capital One Journey, 5 miles per greenback on flights booked by way of Capital One Journey and a limiteless 2 miles per greenback on all the things else.
- Assertion credit score: Cardmembers rise up to $300 again in assertion credit score yearly for bookings made via Capital One Journey.
- Anniversary bonus: The cardboard pays 10,000 bonus miles each account anniversary, beginning in your first anniversary. TPG values these 10,000 miles at as much as $185 when utilized with Capital One’s improbable switch companions.
- Lounge entry: Cardholders, licensed customers and as much as two company per go to get complimentary entry to Capital One Lounges, greater than 1,300 Precedence Cross lounges (excluding eating places) and Plaza Premium lounges — plus Capital One Landings, coming later in 2023.
- Luxurious resort perks: The brand new Capital One Premier Assortment provides free breakfast, room upgrades and different perks at taking part resorts and resorts.
- Licensed customers: As much as 4 licensed customers might be added at no cost, and so they additionally get Capital One Lounge entry with as much as two company.
- International Entry or TSA PreCheck: Cardholders can obtain as much as $100 in assertion credit for both TSA PreCheck or International Entry.
- Stacking automotive rental perks: Cardmembers take pleasure in the brand new potential to stack automotive rental perks with Hertz.*
- Annual charge: $395.
It is value noting how the Enterprise X begins with the inspiration of the Capital One Enterprise Rewards Credit score Card, the issuer’s mainstay rewards card, and builds from there. The Enterprise X options vital however unfussy perks that even inexperienced vacationers can maximize. It retains the identical, easy incomes construction, accruing 2 miles per greenback on most expenses, complemented by elevated incomes charges for bookings made by way of Capital One Journey and a number of different perks.
You even have the identical redemption scheme with the 2 playing cards: simple, fixed-value choices for learners together with higher-value switch choices for the extra skilled rewards customers.
How does Enterprise X evaluate?
With a $395 annual charge, Enterprise X falls throughout the premium journey playing cards class. Two predominant opponents come to thoughts: the Amex Platinum and the Chase Sapphire Reserve.
Whereas each of those playing cards include considerably greater annual charges — $550 for the Sapphire Reserve and $695 for the Platinum (see charges and costs) — in addition they embody extra perks and, within the case of the Reserve, extra flexibility.
Amex Platinum: Extra lounges, extra complexity, greater annual charge
The Amex Platinum remains to be the front-runner on the subject of lounge entry, with its International Lounge Assortment and entry to American Specific Centurion Lounges, Delta Sky Golf equipment (when on a same-day Delta flight), Precedence Cross Choose lounges and extra. Enrollment is required for choose advantages.
Whereas Capital One has lofty ambitions with its personal lounge community, Amex has a major head begin with Centurion Lounges at greater than 14 airports all through the U.S. in addition to in London (LHR) and Hong Kong (HKG), and extra (smaller) associate “Studios” coming on-line.
However the Enterprise X will not be all about lounge entry; it’s additionally about worth and ease. And that is the place the Amex Platinum falters.
The Platinum has a somewhat-dizzying laundry record of advantages and perks, together with at the least 10 totally different built-in assertion credit doled out in increments from month-to-month to semiannually, yearly and each 4-4.5 years. Whilst you can offset the cardboard’s hefty annual charge with these included credit, it’s a lot to maintain monitor of.
Enterprise X beats out the Platinum from the attitude of pure ease.
Chase Sapphire Reserve: Extra flexibility, greater annual charge
The Chase Sapphire Reserve is one other key Enterprise X competitor. The Reserve comes with an annual assertion credit score perk that’s maybe one of many best to make use of — $300 towards any journey, from resorts to ride-hailing companies to airways and rather more.
It’s not simply Capital One that’s leaning into its journey portal. Chase Sapphire Reserve cardholders additionally earn bonus factors at comparable charges to the Enterprise X when reserving via the Chase Final Rewards journey portal, with 10 factors per greenback on resort and automotive rental purchases and 5 factors per greenback on airfare.
As well as, the Chase Sapphire Reserve has a devoted 1.5-cent redemption price for journey booked via its portal, considerably surpassing the 1 cent per mile you get with the Enterprise and Enterprise X playing cards. Coupled with journey companions, Chase Final Rewards are valued at as much as 2 cents apiece, in response to TPG valuations.
Nonetheless, with a $550 annual charge and only a single proprietary Chase airport lounge in Hong Kong (with extra on the best way), Enterprise X nonetheless has quite a bit going for it by way of worth.
Associated: Battle of the premium journey rewards playing cards — which is finest for you?
Lengthy-term worth proposition
Right here’s the maths simplified: In case you can maximize the $300 assertion credit score towards Capital One Journey, the Enterprise X’s annual charge successfully comes all the way down to $95, the identical annual charge pegged to the Capital One Enterprise Rewards Credit score Card. Add in a ten,000-mile bonus each account anniversary (value $185, in response to TPG valuations) and lounge entry, and the cardboard might change into the strongest choice on the market for lots of vacationers.
Backside line
The Capital One Enterprise X could be a nice choice for a lot of vacationers, and the cardboard is simply prone to change into extra compelling over time as Capital One continues to spend money on its rewards program and its lounge community.
The Enterprise X suits properly in a aggressive discipline of premium rewards playing cards, together with established gamers from Amex and Chase, and it at the moment provides a strong preliminary sign-up bonus of 75,000 miles after you spend $4,000 within the first three months.
In case you worth simplicity, a user-friendly journey portal and a rising community of airport lounges, think about including the Enterprise X card to your pockets immediately.
*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 be aware, enrolling via the traditional Hertz Gold Plus Rewards enrollment course of (e.g. at Hertz.com) won’t routinely detect a cardholder as being eligible for this system and cardholders won’t be routinely upgraded to the relevant standing tier. Further phrases apply.
Official utility hyperlink: Capital One Enterprise X with 75,000 bonus miles.
Further reporting by Ryan Wilcox, Eric Rosen and Christina Ly.
For charges and costs of the Amex Platinum Card, click on right here.
