Because the saying goes, do not choose a guide by its cowl. The identical phrase applies to a bank card’s annual price.
Take the Capital One Enterprise X Rewards Credit score Card, for instance. Whereas this premium rewards card has a $395 annual price, a number of helpful ongoing perks assist offset the complete price.
These perks are along with a considerable welcome bonus: 100,000 bonus miles if you spend $10,000 on purchases within the first six months from account opening.
One of many ongoing principal advantages that Enterprise X cardholders obtain every year is a $300 annual credit score towards Capital One Journey bookings. Let’s take a better take a look at the Enterprise X annual credit score, how one can profit from it — and why you would possibly wish to apply now.
What’s the Enterprise X $300 journey credit score?
Enterprise X cardholders obtain $300 in credit every cardmember yr (not calendar yr) towards journey, together with the yr you open the cardboard. Which means you will get $300 in worth from the Enterprise X instantly.
However there’s one caveat: The credit score solely applies to bookings made by the Capital One Journey portal.
The Capital One Journey portal is an internet journey company greatest in comparison with these supplied by different issuers, resembling Amex Journey and the Chase Journey℠ portal. What units Capital One’s portal aside is its partnership with Hopper. Hopper is a journey reserving app that makes use of predictive pricing know-how to assist cardholders get the most effective value.
Eligible cardholders can log in to the Capital One Journey portal to guide issues like airfare, lodge stays and rental automotive reservations. Then, they’ll apply the $300 credit score like a coupon to cut back the general price of the reserving. The cardboard’s Capital One Journey credit score can be utilized throughout one or a number of transactions.
TPG bank cards author Augusta Stone used her annual Enterprise X journey credit score to guide a three-night keep on the Conrad Las Vegas at Resorts World final January. She was already touring to Las Vegas for an costly live performance, and the $300 credit score helped scale back the price of a lodge keep that will’ve price almost $1,000.
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Associated: A full overview of Capital One Enterprise X
Reserving by Capital One Journey vs. reserving straight
At face worth, the requirement to make use of the Capital One Journey portal would possibly really feel like a limitation, particularly when you think about the advantages of reserving journey straight.
For example, when reserving sure accommodations by any third-party service — together with Capital One Journey and different bank card issuers’ journey portals — you’ll usually forfeit elite standing advantages and the flexibility to earn elite qualifying credit and factors inside these loyalty applications.
Nevertheless, for flights and unbiased accommodations (together with Disney resorts), reserving by the Capital One Journey portal makes plenty of sense because you would not earn lodge factors anyway. In the meantime, flights booked by Capital One Journey nonetheless earn factors and elite qualifying miles, identical to reserving straight.
Lastly, Capital One Journey has a number of distinctive options because of its partnership with Hopper. This consists of an built-in price-prediction and -matching instrument, together with a best-price assure. Capital One additionally presents the choice to buy cancel-for-any-reason flight protection and price-freeze safety. This enables people to lock in a value they discover on the portal for a price till they’re prepared or capable of guide.
Incomes miles by Capital One Journey
Apart from how straightforward it’s to maximise that $300 credit score, there’s one different wonderful purpose to make use of the Enterprise X to guide journey by the Capital One Journey portal: the bonus-earning alternatives.
The Enterprise X has a easy incomes construction, accruing 2 miles per greenback spent on most prices. Nevertheless, it options elevated incomes charges if you guide by Capital One Journey:
- 10 miles per greenback spent on accommodations and automotive leases booked by way of Capital One Journey
- 5 miles per greenback spent on flights, trip leases and journey actions booked by way of Capital One Journey
By utilizing the Enterprise X for Capital One Journey purchases, you possibly can make sure you take full benefit of your $300 annual credit score after which earn bonus miles in your different bookings above and past that threshold. Simply be aware that the $300 credit score doesn’t earn Capital One miles by itself, because it successfully reduces the price of your reserving.
You also needs to look into how one can stack rental automotive perks utilizing Hertz and the Enterprise X; this may prevent plenty of time, cash and problem when leaving the airport to start out a trip.
Upon enrollment, accessible by the Capital One web site or cellular app, eligible cardholders will stay at that standing stage by the length of the provide. Please be aware, enrolling by the traditional Hertz Gold Plus Rewards enrollment course of (e.g., at hertz.com) won’t robotically detect a cardholder as being eligible for this system, and cardholders won’t be robotically upgraded to the relevant standing tier. Further phrases apply.
How does this journey credit score evaluate to different premium playing cards?
Two main opponents to Enterprise X within the premium card house are the American Categorical Platinum Card® and Chase Sapphire Reserve® (see charges and costs).
Each the Chase and Amex merchandise have greater annual charges, however in addition they provide an array of further perks that could be helpful for some shoppers. They every carry travel-specific advantages which are value evaluating to the Enterprise X.
Chase Sapphire Reserve
The Chase Sapphire Reserve prices a $795 annual price, and one in all its standout perks is a extremely versatile $300 annual journey credit score. In contrast to Capital One’s requirement to make use of a proprietary reserving portal, Chase permits Sapphire Reserve cardholders to earn their $300 again on all kinds of journey transactions. This is applicable no matter whether or not they guide straight with a lodge or airline or by Chase Journey.
Amex Platinum
The Amex Platinum prices an $895 annual price (see charges and costs), with an array of built-in assertion credit that assist offset the yearly price of the cardboard.
One of many perks most just like Capital One’s is an up-to-$200 assertion credit score for airline incidental charges every calendar yr. One other related perk: as much as $600 (as much as $300 semiannually) in assertion credit on pay as you go Amex High quality Resorts + Resorts or The Lodge Assortment bookings (of two or extra nights for THC) made by American Categorical Journey® if you pay together with your Amex Platinum. Enrollment is required for choose advantages.
These credit are extra restrictive than the Enterprise X. The airline incidental price credit score can be utilized just for charges (seat choice, checked luggage, and many others.) with a single airline, whereas the lodge credit score can be utilized just for eligible accommodations. In the meantime, the Enterprise X credit score may be redeemed towards something bookable on Capital One Journey.
Backside line
Premium bank cards typically have excessive annual charges. However typically, the protections, credit and perks they provide make up for a big chunk of these annual charges. Within the case of the Enterprise X, a $300 annual credit score utilized to Capital One Journey bookings considerably offsets the cardboard’s $395 annual price. This successfully reduces the annual price to $95 as soon as you have maxed out the $300 credit score.
Should you plan to use for the Capital One Enterprise X — or have the cardboard already — familiarize your self with the journey portal to make sure you get essentially the most out of this profit.
To study extra, learn our full overview of the Capital One Enterprise X.
Study extra: Capital One Enterprise X with 100,000 bonus miles if you spend $10,000 on purchases within the first six months from account opening.
For charges and costs of the Amex Platinum Card, click on right here.
For Capital One merchandise listed on this web page, a few of the advantages could also be supplied by Visa® or Mastercard® and should differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
