Are you eligible for the Capital One Enterprise X welcome bonus?

The Capital One Venture X Rewards Credit Card made waves within the premium travel rewards space upon its launch. It affords unimaginable perks at a relatively low $395 annual charge (see rates and fees) — which can have you ever questioning whether or not it is a greater possibility than the higher-priced Chase Sapphire Reserve® or The Platinum Card® from American Express.

New cardholders will earn 75,000 bonus miles after spending $4,000 within the first three months of account opening. TPG values these miles at $1,388 when leveraging the issuer’s 15-plus switch companions.

Should you’ve determined that it is time to apply for the Enterprise X, you may need to evaluate the eligibility standards first — particularly in case you’ve carried other Capital One cards up to now.

Here is every thing you might want to know concerning the Capital One Enterprise X, which we awarded the Best Premium Credit Card at the 2023 TPG Awards.

Let’s take a look at what the Venture X brings to the desk, from the welcome bonus to the continuing perks.

Present welcome bonus

New candidates for the Venture X will earn 75,000 bonus miles after spending $4,000 within the first three months of account opening.

There are two major methods to make use of these miles. First, you could possibly redeem Capital One miles for any travel-related charges on your statement, whether or not that be Uber or Lyft rides, toll and parking charges or rental vehicles, or for future bookings by means of the Capital One Journey portal. Your Capital One miles are value 1 cent every on this trend, so that you’re about $750 in journey worth.

However the higher possibility could also be to transfer your miles to Capital One’s loyalty program partners — most of which have a easy switch ratio of 1:1. By shifting your miles over to a profitable companion, resembling Air Canada Aeroplan or Air France-KLM Flying Blue, you possibly can simply exceed the baseline worth of 1 cent per mile.

Annual charge

The Venture X carries a $395 annual charge (see rates and fees), notably decrease than its premium counterparts, making it a wonderful alternative for individuals who desire a premium card that gives tons of perks however do not need to pay tremendous steep premium bank card annual charges.

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Incomes

The Venture X presents an incomes price that is easy but rewarding:

• 10 miles per greenback on inns and rental vehicles booked by means of Capital One Travel
• 5 miles per greenback on flights booked by means of Capital One Journey
• 2 miles per greenback on all different eligible purchases

Different advantages

Past the welcome bonus, you may get these perks with the Enterprise X:

Capital One particularly mentions that it’s best to have wonderful credit score to qualify. Whereas the issuer doesn’t present a particular credit score range, Capital One defines an excellent credit score as 800 or above. Nonetheless, we have seen a number of stories of individuals being authorized with a credit score rating beneath 800, so it is in all probability value making use of even in case you’re a bit beneath that mark.

Capital One utility guidelines

Capital One restricts the number of personal cards (not enterprise playing cards) you possibly can carry in your pockets. Should you already carry two or extra client Capital One cards, you may probably be denied for the Enterprise X — even if in case you have a wonderful credit score rating.

A few of Capital One’s different client playing cards embrace the Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card, Capital One Quicksilver Cash Rewards Credit Card, and the Capital One SavorOne Cash Rewards Credit Card.

As well as, you may solely get authorized for one Capital One card each six months, so make sure to house out your purposes accordingly.

Present and former Enterprise X cardholders

These are the restrictions which are particularly said within the Enterprise X’s phrases and circumstances:

Current or earlier cardmembers will not be eligible for this product if they’ve acquired a brand new cardmember bonus for this product up to now 48 months.

What if I have already got the Enterprise or VentureOne playing cards?

Should you carry one of many Enterprise X’s sister playing cards (the Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards Credit Card), you’ll nonetheless be eligible to hold the Enterprise X and get the welcome bonus. The one caveat is that you’re going to need to preserve a detailed eye on the timing of your purposes.

TPG’s Nick Ewen and David Slotnick utilized for the Capital One Enterprise when it supplied an up-to-100,000-mile welcome bonus in April 2021 (since expired). Each had been authorized for the Enterprise X lower than a 12 months after they utilized for the Enterprise.

Associated: Credit card showdown: Capital One Venture vs. Capital One Venture X

The Capital One Venture X Rewards Credit Card affords terrific worth for all sorts of vacationers. Happily, there are only some restrictions concerning eligibility for the cardboard’s 75,000-mile welcome bonus. So long as you time your purposes fastidiously and have wonderful credit score primarily based on Capital One’s definition, this stable rewards card may be yours.

For extra particulars, take a look at our full review of the Venture X.

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

Be taught Extra: Capital One Venture X