Capital One Enterprise Rewards vs. Capital One Enterprise X

The Capital One Venture Rewards Credit Card has lengthy loved reputation as a go-to card for individuals who desire a easy rewards-earning construction and simple award redemptions. The cardboard additionally presents unparalleled journey perks for a modest $95 annual payment, making it a straightforward selection when it was the one card of its form from the cardboard issuer. Lately, although, it is gotten some main competitors from a premium Capital One product: The Capital One Venture X Rewards Credit Card.

Usually, evaluating mid-tier and premium bank cards could be like evaluating apples to oranges, however these two travel rewards credit cards do not simply share an analogous title – in addition they supply most of the identical advantages. This makes it particularly difficult to distinguish the worth supplied by every card and to find out whether or not one is extra worthwhile than the opposite.

To make the choice simpler, CNBC Select analyzed the advantages supplied by every card to see how they evaluate. This is how the Capital One Enterprise Rewards Credit score Card stacks up in opposition to the Capital One Enterprise X.

The Capital One Venture Rewards Credit Card has a $95 annual payment whereas the Capital One Venture X is available in at $395. This distinction in value might be attributed to the sturdy listing of journey perks supplied by the Capital One Enterprise X, together with premium journey advantages, an annual bonus of 10,000 miles, and an as much as $300 journey credit score for bookings made by Capital One Travel. Paying a better annual payment for a card might be price it, although, particularly when you make the most of the $300 journey credit score yearly (extra on that later).

Neither card at the moment presents an intro 0% APR period so you will need to pay your payments on time and in full every month. Journey rewards bank cards aren’t really useful for individuals who have a tendency to hold balances, as their APRs are greater and the curiosity you will find yourself paying invalidates the worth of the rewards you will earn. That mentioned, when you do want to hold a stability sooner or later, the Capital One Enterprise does supply a decrease rate of interest (20.24% to twenty-eight.24% variable) than the Capital One Enterprise X (21.24% to twenty-eight.24% variable APR).

The Capital One Venture X comes out forward with 10X miles per greenback spent on accommodations and rental automobiles booked by Capital One Journey and 5X miles per greenback spent on flights booked by the portal. Cardholders additionally earn 10X miles per greenback on Turo bookings by Might 16, 2023. In the meantime, the Capital One Venture Rewards earns 5X miles per greenback on accommodations and rental automobiles booked by Capital One Journey and 5X miles per greenback on Turo bookings by Might 16, 2023.

Nevertheless, when you do not anticipate reserving any journey by Capital One’s portal, the class bonuses actually will not make a distinction. 

Each the Capital One Enterprise and the Capital One Enterprise X present the identical versatile redemption choices. You possibly can switch your miles to any of Capital One’s 18 airline and hotel partners, together with Aeroplan, British Airways Government Membership, Selection Privileges, and Accor Dwell Limitless, amongst others, or redeem them for flights, accommodations, and automotive leases by Capital One Travel. You may as well use miles to offset latest journey purchases, store on-line by Amazon or Paypal, acquire entry to unique occasions and experiences or redeem them for present playing cards or cash-back (within the type of assertion credit).

The worth you will get on your miles varies drastically. You will rating as little as 0.5 cents per mile by redeeming them for money again or you possibly can go for a journey redemption of 1 cent per mile, an excellent possibility for occasions when award stock is proscribed and money bookings are extra handy and economical. In the meantime, you might be able to get even larger worth by benefiting from Capital One’s switch companions. In any other case, you will get a price of 0.8 to 1 cent per mile if you redeem them for present playing cards, occasions, or experiences, or use them to pay for purchases through Paypal and Amazon.

The Capital One Venture Rewards and Capital One Venture X playing cards every supply the identical welcome bonus — 75,000 bonus miles after you spend $4,000 inside the first three months of account opening.

Whereas it is price $750 when the miles are redeemed for journey purchases, you may get considerably extra worth by transferring them to any of Capital One’s airline companions. For instance, with 75,000 miles, you possibly can guide as much as 5 round-trip financial system tickets to Hawaii utilizing Turkish Airways Miles&Smiles miles. Contemplating how costly flights to Hawaii might be, you will find yourself with much more than $750 in worth out of your miles that means. 

That is removed from being the one “candy spot” redemption in the case of utilizing Capital One miles. You may as well switch them to airline accomplice Avianca LifeMiles for flights to Europe from 20,000 miles one-way in financial system or 63,000 miles in enterprise class. Alternatively, you possibly can switch them over to Air France and KLM’s Flying Blue loyalty program and benefit from Promo Rewards, which provide short-haul awards beginning at simply 3,750 miles every means.

The Capital One Venture Rewards and Capital One Venture X playing cards each present journey accident insurance coverage and rental automotive protection. The one distinction is the Enterprise card’s protection is secondary whereas Enterprise X’s is main — and secondary protection solely kicks in if your individual automotive insurance coverage firm rejects the declare.

The Capital One Enterprise X gives further journey protections, making it a superb card when you’re focused on extra complete protection throughout your journey, together with cell phone protection, main automotive rental insurance coverage, journey cancellation and interruption insurance coverage, misplaced baggage and journey delay reimbursement, and journey emergency help.

Each playing cards supply loads of journey perks that may enhance your expertise and prevent cash. Each additionally waives foreign transaction fees and features a $100 credit score each 4 years to cowl your Global Entry or TSA PreCheck membership. The credit score is very beneficiant for the Capital One Venture Rewards, since this profit is often solely supplied by premium credit cards. 

The Capital One Enterprise Card additionally presents two Capital One Lounge visits per 12 months, whereas the Capital One Venture X gives limitless Capital One Lounge entry for the cardholder and as much as two company, in addition to entry to greater than 1,400 Precedence Cross and Plaza Premium lounges across the globe. Evidently, when you’re a frequent traveler, the profit from the Enterprise X card will find yourself being extra helpful than that of the Enterprise Card.

Lastly, Capital One Enterprise cardholders additionally obtain complimentary Hertz 5 Star standing, whereas Capital One Enterprise X cardholders get routinely upgraded to Hertz President’s Circle® standing. 

The similarities finish there, with the Enterprise X card offering a extra sturdy assortment of premium advantages than the Enterprise card, together with an annual 10,000-mile bonus (price at the very least $100 for journey) and an as much as $300 annual journey credit score for bookings made by Capital One Journey. Enterprise X cardholders additionally obtain a complimentary subscription to PRIOR (price $149), free membership with The Cultivist (price $240) and $300 towards an annual membership with Gravity Haus. Total, the perks supplied by the Enterprise X card far outweigh these of the Enterprise card, which additionally explains the distinction of their annual charges.

The Capital One Venture Rewards and Capital One Venture X playing cards are very comparable and supply most of the identical advantages with drastically totally different annual charges. Whether or not or not the Enterprise X is price paying for comes down as to if or not you will get sufficient use out of all of its advantages. For those who’re planning to guide quite a lot of journey by Capital One’s portal and use the $300 annual journey reserving credit score, it could be well worth the improve over the Enterprise card — this credit score helps to shut the annual payment hole between the 2 playing cards, whereas the ten,000-mile anniversary bonus (price at the very least $100) offsets the remainder of the annual payment.

That mentioned, when you don’t love reserving journey by a third-party portal equivalent to Capital One Journey, you might not discover a lot use for the $300 annual credit score. If that is the case, you will have to evaluate the Capital One Enterprise X’s different advantages to find out whether or not you will get sufficient use out of them to justify the added cost.

When you are theoretically in a position to get each the Enterprise Rewards and the Enterprise X, conserving each playing cards most likely wouldn’t take advantage of sense given their many similarities.