The marketplace for ultra-premium journey rewards bank cards is sizzling, to say the least. Capital One lately launched its long-anticipated entry to this market, and it doesn’t disappoint. It features a very sturdy welcome provide, double miles for all purchases, and a few class-leading advantages. And it does all of this at a worth level under many competing playing cards.
How this new provide works
New candidates can earn 100,000 bonus miles after spending $10,000 inside six months of account opening. You additionally obtain limitless double miles on all purchases, plus one other 10,000 bonus miles every year in your account anniversary. You can too earn 10x Miles on motels and rental automobile purchases booked by way of Capital One Journey, and 5x Miles on flights booked by way of Capital One Journey.
These Capital One Miles can now be transferred at a 1:1 ratio to frequent flyer miles or lodge factors with greater than 15 loyalty packages. You can too redeem your Capital One Miles for one cent every as assertion credit in the direction of any journey buy.
Different options embody a $300 annual journey credit score that you need to use at Capital One Journey, and a restricted time provide for $200 of trip rental credit score inside your account’s first 12 months.
Advantages embody a Precedence Move Choose membership that provides you and two visitors entry to over 1,000 airport lounges worldwide. Then, there’s the brand new Capital One Lounges which can be being created. The primary one within the Dallas-Fort Price airport is already open, and Capital One has introduced that it’ll open lounges in Denver Worldwide and Washington Dulles airports in 2022. Moreover, you’ll be able to add free extra cardholders who additionally obtain the identical lounge entry.
There’s a $395 annual price for this card, and no overseas transaction charges.
What makes this card particular
The Capital One Enterprise X is at present the one premium journey rewards card that supply double miles on all purchases. It’s additionally the one one in its class that provides free playing cards to extra approved cardholders that features the Precedence Move Choose lounge membership. Additionally, it’s the one card that provides rewards that may be transferred to airline and lodge packages, or redeemed for journey assertion credit. This sort of program works for everybody from award journey newbies to hard-core fanatics, and offers you most flexibility.
And whereas the $395 annual price sounds costly, this card is in the identical class because the $550 Chase Sapphire Reserve and the $695 American Specific Platinum, by that metric it’s a superb deal. When you spend the $300 annual journey credit score, you’re a internet annual price of simply $95. Reap the benefits of the $200 trip rental credit score, and also you’ll come out forward. And that’s earlier than you have a look at the 100,000 mile new account bonus, price $1,000 in journey assertion credit.
Backside Line
Capital One was definitely not the primary card issuer to supply a product on this class, however now that it’s right here, it’s positively one of many strongest. By providing double miles on all purchases and robust advantages at a aggressive worth, the brand new Enterprise X has every little thing it takes to be our Deal of the Month.
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