Premium bank cards will not be new. Each Chase and American Categorical have provided them for years now. Citi additionally provided a premium card for a number of years, although it’s not obtainable to new candidates.
Nevertheless, Capital One‘s foray into luxurious rewards bank cards is a relative newcomer in comparison with different banks’ merchandise. The Capital One Enterprise X Rewards Credit score Card arrived with a $395 annual price — a full $300 per yr greater than the price on a lot of the issuer’s different bank cards.
This induced many Capital One prospects’ jaws to drop as they requested, “Is it value it?” Does this card actually supply $300 value of further advantages over these different playing cards? Let’s take a look at what you get for this $395 per yr to see if the price is value it on the Enterprise X card.
Welcome supply
Let’s begin with the introductory bonus supply to look at whether or not the cardboard is value it. That may resolve a big portion of the worth you receive from a bank card through the first yr.
New candidates for the Enterprise X card can earn 75,000 bonus Capital One miles after spending $4,000 on the cardboard throughout the first three months from account opening.
In line with TPG’s valuations, these miles are value 1.85 cents apiece. That makes this bonus value $1,388.
The worth of those miles has elevated lately, because of Capital One including extra switch companions (there are actually 18 in whole) and bettering the switch ratio on a number of companions. There are lots of methods to redeem your miles for top worth.
It’s value noting that Capital One will be stingy when approving bank card purposes. You’ll be able to solely have two private bank cards from Capital One at any time. Plus, the financial institution is thought for being very delicate concerning the data in your credit score report, together with your variety of current onerous inquiries, new accounts and total accounts with different issuers. Perceive that exceptions exist, however take into account this data when deciding whether or not to use for the Enterprise X card.
Associated: Our full information to bank card software restrictions
Join our every day publication
$300 annual journey credit score
Enterprise X cardholders obtain as much as $300 in journey credit per yr on bookings made by way of the Capital One Journey portal.
The $300 annual assertion credit score perk with Capital One Journey is easy. Each account yr, you obtain as much as $300 in assertion credit towards purchases made by way of Capital One Journey, together with resort bookings, automobile leases and airfare.
Associated: How the Capital One Enterprise X journey credit score can prevent $300 in your summer season journey
Nevertheless, the credit score shouldn’t be relevant to journey purchases made by way of 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 it considerably offsets the cardboard’s $395 price — so long as you really reap the benefits of it.
There are some downsides to utilizing a third-party reserving service; notably, elite perks are often not acknowledged for lodges and rental automobiles. Nevertheless, Capital One has made important strides in bettering the journey reserving expertise, most not too long ago investing within the reserving platform Hopper and including customer-friendly options like price-drop prediction and a best-price assure. The perfect makes use of of this credit score are reserving stays at boutique lodges or these the place standing advantages don’t matter to you, in addition to flights or rental automobile bookings with Hertz.
Anniversary bonus miles
Enterprise X cardholders have a second annual profit, which is 10,000 bonus miles in your account anniversary. This implies you obtain these miles one yr after opening your account and every subsequent yr on that date, not at the beginning of a brand new yr every January.
In line with the newest TPG valuations, 10,000 Capital One miles are value $185, because of the potential worth from airline and resort switch companions. Nevertheless, for those who have been to redeem the ten,000 miles at a set worth on journey purchases, you’d “solely” get $100 in worth, which remains to be fairly good.
Mixed with the $300 Capital One Journey portal assertion credit score, cardholders are taking a look at a straightforward $400 in worth from their card annually — greater than offsetting its $395 annual price. Through the first yr, you’ll get much more worth from receiving the welcome bonus factors.
See additionally: Our full overview of the Capital One Enterprise X
Lounge entry
Enterprise X cardholders have entry to 3 sorts of lounges: Precedence Move, Plaza Premium and Capital One’s personal lounges.
Precedence Move contains greater than 1,300 lounges world wide and the Precedence Move Choose membership included with the Enterprise X card permits you and all visitors touring with you to go to these lounges with out paying further charges to get in.
Moreover, Enterprise X cardholders have entry to Plaza Premium lounges and Capital One lounges, together with two free visitors.
Automobile rental perks
The Capital One Enterprise X Rewards Credit score Card has two key advantages associated to rental automobiles: incomes 10 miles per greenback on all automobile leases booked by way of the Capital One Journey portal (as a substitute of two miles per greenback when booked elsewhere) and top-tier Hertz President’s Circle standing.
You’ll must register for this perk with Hertz first. President’s Circle standing affords perks like assured upgrades, the widest selection of automobiles when beginning your rental and a free further driver (which generally prices $13.50 per day, as much as a most of $189 throughout your rental).
Most significantly, you may skip the road and head straight to your automobile at most main airports, which might prevent a ton of time, particularly throughout busy journey intervals. You too can use this to standing match to different packages, gaining elite standing with these rewards packages as nicely.
Upon enrollment, accessible by way of the Capital One web site or cellular app, eligible cardholders will stay at upgraded standing stage by way of December 31, 2024. Please notice, enrolling by way of the traditional Hertz Gold Plus Rewards enrollment course of (e.g. at Hertz.com) won’t mechanically detect a cardholder as being eligible for this system and cardholders won’t be mechanically upgraded to the relevant standing tier. Extra phrases apply.
Associated: Stacking rental automobile perks with Hertz and the Enterprise X
Entry to the Premier Assortment
Enterprise X cardholders can entry the Capital One Premier Assortment, a brand new boutique and luxurious resort program launched in late 2022.
Cardholders will pay money or redeem their miles at a charge of 1 cent every to ebook unique properties and obtain perks alongside the way in which. These advantages embrace room upgrades when obtainable, free Wi-Fi throughout your keep, free breakfast every day for 2 individuals and a $100 on-property credit score for issues like spa visits or dinner on the resort’s restaurant.
And since these bookings are made by way of Capital One Journey, cardholders will earn 10 miles per greenback if paying for his or her stick with the Enterprise X card.
Glorious licensed person perks
Whereas many bank cards reserve their finest perks just for the first account holder, that’s not the case with the Enterprise X. Cardholders can add as much as 4 free licensed customers. These customers can obtain the next perks in their very own proper, all with out paying a price:
Associated: Why it’s best to add licensed customers on the Capital One Enterprise X
It’s necessary to notice that some perks are reserved just for the first cardholder. These embrace the ten,000 bonus miles being deposited into that individual’s account on the account anniversary; licensed customers received’t get their very own allotment of bonus miles. Approved customers additionally don’t get their very own $300 journey credit score annually; nonetheless, purchases by licensed customers will be offset by the first cardmember’s journey credit score. Lastly, licensed customers received’t get their very own software price reimbursement for International Entry or TSA PreCheck (defined within the subsequent part); that perk is shared throughout all account members.
Associated: 8 regularly requested questions concerning the Capital One Enterprise X card
When analyzing these advantages for licensed customers, examine them to the perks provided to licensed customers on different premium journey playing cards and the related charges. For comparability, The Platinum Card® from American Categorical costs $175 for 3 licensed customers (see charges and charges), and the Chase Sapphire Reserve costs $75 per licensed person. This makes the Enterprise X a way more inexpensive possibility for {couples} or households.
Different perks
Enterprise X cardholders can obtain reimbursement for his or her software price to TSA PreCheck or International Entry. This profit is obtainable as soon as each 4 years and is value as much as $100 in assertion credit.
Cardholders even have entry to a number of journey and buying protections when paying with their card:
- Journey cancellation and interruption insurance coverage: As much as $2,000 per individual for you and instant members of the family for pay as you go, nonrefundable tickets.*
- Journey delay reimbursement: As much as $500 per individual for affordable bills like resort 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 baggage.*
- Cellphone safety: By utilizing 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.
- Major rental automobile insurance coverage: As much as $75,000 for harm attributable to collision or theft to a rental automobile.*
- Buy, prolonged guarantee and return safety: As much as $10,000 per declare and $50,000 per account on purchases; warranties prolonged by an extra yr; and returns as much as $300 per merchandise and $1,000 per account.*
*Advantages obtainable on Visa Infinite playing cards.
Associated: 6 issues to do once you get the Capital One Enterprise X
For Capital One merchandise listed on this web page, a few of the above advantages are offered by Visa® or Mastercard® and will differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
Backside line
In abstract, what are the perks obtainable to Enterprise X cardholders value?
Cardholders can stand up to $300 per yr in journey credit and $185 value of anniversary bonus miles yearly. Plus, they obtain a once-per-four-years credit score for International Entry or TSA PreCheck (we’ll divide $100 by 4 and name that $25 per yr in worth).
Totaling at the very least $425 in worth annually, these advantages add as much as greater than the $395 annual price on the Enterprise X. And that doesn’t take note of the intangibles, like the worth your licensed customers may obtain, the free meals you devour at lounges or the cash you save by way of buy protections. In fact, these advantages solely present worth for those who’re utilizing them.
So is the Enterprise X value its $395 annual price? Those that use the cardboard’s perks will definitely consider so. Those that don’t journey as a lot could wrestle to justify the annual price after the primary yr.
Official software hyperlink: Capital One Enterprise X Rewards Credit score Card with a 75,000-mile welcome bonus after you spend $4,000 on the cardboard inside three months of account opening.
For Capital One merchandise listed on this web page, a few of the above advantages are offered by Visa® or Mastercard® and will differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply
For charges and charges of the Amex Platinum, click on right here.
Extra reporting by Ryan Wilcox.
