The Capital One Enterprise X Enterprise made a splash with its 2023 launch, sporting a jaw-dropping welcome supply in addition to lots of the issues we love about its private counterpart, the Capital One Enterprise X Rewards Credit score Card.

One such similarity is the $395 annual price (see charges and costs for the Enterprise X Enterprise; see charges and costs for the Enterprise X). It is a discount in comparison with another premium enterprise bank cards, corresponding to The Enterprise Platinum Card® from American Categorical with its $695 price (see charges and costs). Nonetheless, it is significantly larger than the American Categorical® Enterprise Gold Card‘s $295 annual price (see charges and costs); will increase to $375 on Feb. 1) and the $95 annual price on Chase’s Ink Enterprise Most well-liked Credit score Card.

So, does the Enterprise X Enterprise supply sufficient advantages and incomes potential to justify its premium price? Here is what you should know for those who’re on the fence.

Welcome supply

At the moment, new candidates can earn as much as 300,000 bonus Capital One miles: 150,000 Capital One miles after spending $20,000 within the first three months from account opening and one other 150,000 after spending $100,000 within the first six months.

TPG values Capital One miles at 1.85 cents every, making this bonus value a formidable $5,550. For those who can meet the steep minimal spending requirement, the complete bonus alone is efficacious sufficient to justify paying the cardboard’s $395 annual price for greater than 14 years (see charges and costs).

Associated: Learn how to maximize your Capital One miles

Past the Enterprise X Enterprise welcome bonus, you will earn 10 miles per greenback on motels and rental automobiles bought by way of Capital One Journey, 5 miles per greenback on flights bought by way of Capital One Journey and a pair of miles per greenback on all different purchases.

You’ll be able to redeem your miles most just by redeeming them for an announcement credit score to cowl journey bills. For those who go this route, you will get a worth of 1 cent per mile.

However you can too switch your miles to any of Capital One’s 15-plus resort and airline companions, together with priceless choices like Air Canada Aeroplan, Singapore Airways KrisFlyer and Wyndham Rewards. By benefiting from these switch choices, you will normally get a worth of no less than 1.85 cents per mile, in keeping with our valuations.

Each day Publication

Reward your inbox with the TPG Each day e-newsletter

Be a part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants

The flexibility to earn no less than 2 miles per greenback, an efficient 3.7% return, on all of your purchases makes the Enterprise X Enterprise an particularly engaging possibility for big-spending enterprise homeowners who do not need to fear about bonus classes. With this card, you possibly can really feel assured figuring out you are incomes priceless rewards it doesn’t matter what you are shopping for.

Associated: Must you switch Capital One miles to companions or redeem them straight?

Every year, Enterprise X Enterprise cardholders obtain $300 in credit for journey booked by way of Capital One Journey. This credit score is automated, which makes it comparatively straightforward to make use of.

Nevertheless, it’s value noting that for the reason that credit score is proscribed to journey booked by way of the Capital One portal, you will probably hand over any resort or rental automotive elite standing perks. The drawbacks of reserving by way of a portal can put a damper on the worth of this annual credit score.

Nonetheless, totally benefiting from this perk will convey your efficient annual price down to simply $95 (see charges and costs).

Associated: Learn how to resolve whether or not to guide journey straight or by way of a portal

The journey credit score is not the one annual perk you will get as a Enterprise X Enterprise cardholder. Yearly, in your account anniversary, you will additionally obtain 10,000 bonus miles, value $185, in keeping with TPG valuations.

Even for those who redeem these anniversary miles straight for journey at a price of 1 cent per mile, this annual bonus is value $100. This perk and the journey credit score mixed greater than justify the cardboard’s $395 annual price (see charges and costs) annually.

As a Enterprise X Enterprise cardholder, you get limitless entry to Capital One Lounges — presently open at Dallas Fort Price Worldwide Airport (DFW), Dulles Worldwide Airport (IAD) and Denver Worldwide Airport (DEN) — in addition to Precedence Move and Plaza Premium lounges.

Word that, in contrast to the non-public Enterprise X, lounge entry doesn’t prolong to licensed customers.

With out bank card entry, you would need to pay $65 for a Capital One Lounge daypass, which means only one go to with two visitors would value $195. Six visits alone, or two visits with two visitors every time, would value $390 out of pocket, so you will make up the annual price’s (see charges and costs) worth rapidly for those who can reap the benefits of your Capital One Lounge entry.

Associated: Capital One Enterprise X vs. Enterprise X Enterprise

On high of those super-valuable perks, the Enterprise X Enterprise contains extra journey advantages and protections:

These advantages are tougher to quantify, however they’re going to present added consolation and peace of thoughts throughout your travels.

Associated: 7 steps to take when an airline loses your baggage

For those who can reap the benefits of all of the Enterprise X Enterprise advantages, you will greater than justify the annual price yr after yr. The advantages are so priceless that you simply solely should make the most of a number of to make up for the cardboard’s price annually. Nevertheless, if you cannot maximize the annual journey credit score or airport lounge entry, you could need to go together with one other of our favourite enterprise bank cards.

To study extra, learn our full evaluate of the Enterprise X Enterprise.

For Capital One merchandise listed on this web page, a few of the above advantages are supplied by Visa® or Mastercard® and should differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.

Apply right here: Capital One Enterprise X Enterprise

For charges and costs of the Amex Enterprise Platinum, click on right here.
For charges and costs of the Amex Enterprise Gold, click on right here.