Key takeaways
- With a stable two miles per greenback incomes construction and wholesome welcome provide alternative, the Capital One Enterprise Rewards Credit score Card is an efficient alternative for each simplicity and for maximizing rewards in several spending classes.
- Make the cardboard well worth the annual payment by absolutely utilizing perks reminiscent of a International Entry/TSA PreCheck waiver and versatile redemption choices for journey purchases.
- The cardboard’s worth could also be restricted for individuals who don’t journey often or choose rewards that may be redeemed for money again.
The Capital One Enterprise Rewards Credit score Card was my very first foray into the journey bank card panorama, and I’m nonetheless glad for it years later. Once I first signed up, I knew little or no about bank cards — suffice to say, the $95 annual payment appeared daunting on the time.
However it’s been straightforward to get greater than the annual payment’s price of worth out of the Enterprise card annually I’ve owned it, and I really like having a versatile miles card that additionally earns a flat charge of rewards on each buy. To not point out the cardboard is presently providing a welcome bonus of 75,000 miles while you spend $4,000 on purchases within the first 12 months. That many miles (price round $750 in journey) is usually solely provided by the priciest luxurious playing cards available on the market.
So, is the Capital One Enterprise Card price it? I believe so, and I consider the identical is true for a lot of different kinds of spenders, as effectively. However it’s not for everybody, so right here’s a breakdown that can assist you resolve if this Capital One bank card is best for you.
Capital One Enterprise Rewards Credit score Card: Overview
Causes the Enterprise Card is well worth the annual payment
The welcome bonus is top-notch
The Enterprise card is presently providing 75,000 miles for spending $4,000 within the first three months. Whereas the complete $4,000 spend threshold may be too excessive to satisfy for some cardholders, the worth of this bonus is unbelievable for an entry-level journey card. In case you redeem for journey purchases, these 75,000 miles can rating you $750 price of flights, lodges, rental vehicles and extra while you redeem them for assertion credit score. Transferring your miles to one in all Capital One’s high-value journey companions? In accordance with Bankrate valuations, your miles might be price about 1.7 cents every.
You earn a stable flat charge of miles on each buy
Not like different rewards bank cards that supply extra rewards particularly classes of spending, the Enterprise card presents the identical two-miles-per-dollar charge on practically each buy. This easy framework takes all of the planning and guesswork out of incomes with the cardboard — no must solely pull it out for sure classes of spending or fear about service provider class codes. All it’s a must to do is swipe your Capital One Enterprise Card everytime you make a purchase order and watch the rewards pile in.
The wonderful thing about a excessive flat charge of spending like that is that it fits a number of sorts of cardholders. Those that prefer to hold issues easy with a go-to card for all their purchases can depend on a aggressive charge it doesn’t matter what they purchase.
Then once more, cardholders like me who prefer to juggle a number of bank cards to earn extra particularly classes have quite a bit to achieve, too. That’s as a result of the 2X miles per greenback earned on common purchases with the Enterprise is greater than the usual 1 mile/level per greenback on playing cards with tiered incomes classes.
As an illustration, the Blue Money Most popular® Card from American Specific is one in all my favourite bank cards due to its 6 % money again on U.S. grocery store purchases (as much as $6,000 spent per 12 months, then 1 %). However it solely earns 1 % money again on purchases like airline tickets or on-line buying. Through the use of my Blue Money Most popular for groceries after which swapping out my Enterprise card for brand new garments, I can be sure I get the very best return on my spending.
The International Entry/TSA PreCheck waiver covers the annual payment within the first 12 months
Along with an awesome rewards charge, the Capital One Enterprise card will cowl as much as $100 (as a press release credit score) in your utility payment to International Entry or TSA PreCheck each 4 years. In case you maximize this provide, that greater than pays in your first-year annual payment and a renewal each fourth 12 months after that.
To not point out, these packages can save frequent vacationers a variety of time on the airport.
Factors redemption is versatile
The miles you earn with the Capital One Enterprise card are additionally extraordinarily versatile and provide the identical 1-cent-per-point worth whether or not you e-book journey by the Capital One portal or any third-party web site. That’s as a result of Capital One Enterprise cardholders could make a qualifying journey buy on their card with any web site or journey vendor after which redeem miles as assertion credit score to cowl the acquisition.
Many journey bank cards solely provide full level worth while you e-book by the issuer, so this can be a massive perk for cardholders who prefer to budget-hunt on a number of platforms.
Plus, as already talked about, transferring your miles to one in all Capital One’s companions may yield the very best worth in your redemption.
The cardboard simply feels luxurious
The Capital One Enterprise card is a steel bank card, and whereas that is clearly not a make-or-break function, it does add a sure sense of luxurious when pulling it out of your pockets. In reality, the Enterprise is without doubt one of the heaviest steel bank cards available on the market — even heavier than some playing cards that require a $400+ annual payment.
Explanation why the Enterprise Card won’t be price it for you
Much less-than-stellar journey switch companions
The actually points-and-miles-savvy know {that a} good checklist of switch companions is the easiest way to get probably the most worth out of your bank card rewards. Capital One’s journey companions don’t fairly measure as much as lists from American Specific or Chase — actually, there are not any U.S.-based airways on the checklist. That stated, there’s loads of worth to be discovered in the event you often end up on worldwide flights otherwise you’re keen to place within the effort to grasp frequent flyer packages and airline alliances.
The worth for non-travel miles redemptions is low
The Enterprise card is in the beginning a journey card, and that’s apparent in its rewards redemption construction. Whereas redeeming for journey purchases is tremendous versatile and will get you regular worth, attempting to spend your miles for choices outdoors of journey isn’t so profitable. Money again, as an example, solely will get you 0.5 cents per mile, and Amazon purchases get 0.8 cents.
Which means you’ll must journey not less than semi-regularly to actually make use of the Enterprise card’s rewards.
Is the Capital One Enterprise Card well worth the annual payment?
In case you can make the most of the welcome bonus, utility credit score for International Entry or TSA PreCheck and versatile redemption choices for journey purchases, the Enterprise card is totally well worth the annual payment.
However in the event you don’t spend a lot on journey and like rewards that may be leveraged for money again, you may wish to go for a unique card. The Citi Double Money® Card, as an example, earns as much as 2 % money again on each buy — 1 % as you purchase and a further 1 % as you repay your purchases. It doesn’t have many fancy perks, but it surely additionally doesn’t cost an annual payment, and the rewards are rather more easy.
Find out how to offset the annual payment?
In case you’re hung up on the annual payment and whether or not you’ll have the ability to offset it, contemplate the next instance.
Let’s say you spend $24,000 yearly in your card, damaged down as follows:
| Spend and Class | Miles Earned |
|---|---|
| $6,000 on groceries | 12,000 |
| $3,000 on flights | 6,000 |
| $2,400 on fuel | 4,800 |
| $4,000 on eating out | 8,000 |
| $2,600 on lodges and rental vehicles by Capital One Journey | 13,000 |
| $2,000 on different purchases | 4,000 |
| $20,000 whole spend on card | 47,800 whole miles earned |
These 47,800 miles are price $478 in journey in the event you redeem by the Capital One portal or for assertion credit score to cowl qualifying journey purchases. They might be price much more in the event you switch them to high-value switch companions.
Right here’s how, based mostly on the 1-cent-per-mile valuation, to offset the annual payment within the first 12 months and on an ongoing foundation.
| First Yr Worth | Ongoing Foundation Worth | |
|---|---|---|
| Welcome bonus | +$750 (75,000 miles after spending $4,000 within the first three months) | $0 |
| Rewards from spending | +$478 | +$478 |
| International Entry/TSA Precheck credit score | +$25 (as much as $100 each 4 years) | +$25 (as much as $100 each 4 years) |
| Annual payment | -$95 | -$95 |
| Whole worth | $1,158 | $408 |
The underside line
On the finish of the day, the Capital One Enterprise Card presents an easy method to earn a stable quantity of rewards. Journey buffs who prefer to rack up as many rewards as potential will discover their spending may go additional with different journey rewards card issuers who provide tiered rewards buildings and extra sturdy switch companion packages, however Capital One Enterprise rewards isn’t any slouch.
In case you’re on the lookout for a easy method to earn miles and luxuriate in just a few cardholder perks, the Capital One Enterprise Card does hold issues easy.
