Capital One Enterprise X Enterprise Card Overview 2023

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In 2022, Capital One unveiled the Enterprise X Enterprise Card. Though this card’s perks and advantages are just like the Enterprise X Rewards card, its intro provide and spending necessities are mind-blowing. 

Brace your self, as a result of Capital One is shelling out a whopping 300,000 Capital One miles to contemporary cardholders who handle to spend a jaw-dropping $500,000 inside the first 12 months.

Do you have to be grabbing onto these advantages or letting go? 

Let’s discover out—

This text will present you:

  • How the Enterprise X Enterprise Card works.
  • Its charges, rewards, and advantages.
  • The professionals and cons you need to be aware.

Learn extra:

Enterprise X Enterprise Card: Fast Look

Full identify: Capital One Enterprise X Enterprise Card

Finest for: Enterprise journey card with a easy incomes price

Issuer: Capital One

Required credit score rating: Wonderful credit score (720+)

What’s the Enterprise X Enterprise Card?

The Enterprise X Enterprise Card is a cost card that provides tons of enterprise and journey advantages. 

A cost card is just like a bank card. However a giant distinction is {that a} cost card’s stability typically must be paid in full every month. 

Nevertheless, it comes with a bonus—these playing cards don’t have a credit score restrict like bank cards do.

Enterprise X Enterprise Card: Ranking

Right here’s our fast Enterprise X Enterprise Card total score:

How Does the Enterprise X Enterprise Card Work?

The Enterprise X Enterprise is like the small enterprise version of the Enterprise X card—and it presents virtually the identical advantages and earnings. 

Positive, there’s a $395 annual payment—however the anniversary bonus and $300 journey credit score greater than make up for it. 

Plus, you get entry to some superb lounge perks and earn double factors in all places you go.

Enterprise X Enterprise was previously Spark Journey Elite

The Enterprise X Enterprise Card was once known as Spark Journey Elite till February 2022. Though the identify modified, the cardboard nonetheless has all of the perks and rewards. Identical to with Spark Journey Elite, Capital One clients want to speak to a relationship supervisor to use.

How does the Enterprise X Enterprise Card’s rewards price work?

The Enterprise X Enterprise Card has you coated with an incredible rewards program. 

With this card, each greenback you spend on any buy will earn you 2x miles

It will get higher. In case you use your Enterprise X card to e-book accommodations and automobile leases via Capital One Journey, you’ll earn a whopping 10x miles for each greenback you spend. 

And while you e-book flights via Capital One Journey, you’ll rack up 5x miles per greenback. That is a severe mileage enhance.

To high issues off, there are no limits or restrictions on what number of miles you possibly can earn

So whether or not you’re shopping for workplace provides, protecting enterprise bills, or jetting off on an journey, you’ll preserve incomes miles with none cap holding you again.

Redeeming Enterprise X Enterprise Factors

There are a number of methods you possibly can redeem your Capital One miles:

  • Journey assertion credit.
  • Upcoming award journeys.
  • Transferring to airline and resort factors.
  • Cashback presents.
  • Reward playing cards.
  • Purchases on Amazon.com and PayPal.

These rewards factors are value one cent every while you redeem them as an announcement credit score for current journey purchases or for reserving a visit via Capital One Journey.

Capital One additionally has 15+ switch companions, which may be helpful for worldwide flights or reserving flights with companion airways. Most loyalty applications have a 1:1 switch ratio.

How does the Enterprise X Enterprise Card’s new provide work?

Right here’s the Enterprise X Enterprise Card’s mind-blowing new provide—

New cardholders can earn as much as 300,000 miles after being authorised for the Enterprise X Enterprise Card. 

This bonus has a tiered construction. You possibly can earn 150,000 miles after spending $30,000 inside the first three months of card membership.

You’ll make an extra 150,000 miles after spending $500,000 inside the first 12 months of card membership.

Is that this provide value contemplating?

Do these rewards add as much as something, or is that this new provide a complete snooze fest?

Frequentmiler’s cheap redemption values checklist says the Capital One miles may be valued at  1.45 cents per level. 

Primarily based on that assumption, right here’s a desk breaking down the approximate financial values of those Capital One factors:

Spend tier

Minimal spend

Factors earned

Approximate worth

2x factors earned

2x return worth

Tier 1

$30,000

150,000

$2,175

300,000

$4,350

Tier 2

$500,000

300,000

$4,350

600,000

$8,700

Keep in mind

Even after months of accepting functions and an extended interval with out availability, there’s nonetheless no public hyperlink for this card. The one choice to use for a Enterprise X Enterprise Card is thru a Capital One Relationship Supervisor. 

Enterprise X Enterprise Card Charges

Listed here are all of the key charges you need to think about earlier than getting your arms on the Enterprise X Enterprise Card:

Particulars

Metric

Annual payment

$395

Safety deposit

N/A

Signal-up bonus

Earn 150,000 miles after spending $30,000 on purchases within the first 3 months

Earn an extra 150,000 miles while you spend $500,000 inside the first 12 months

Intro APR

N/A

Buy APR 

N/A

Stability switch APR

N/A

Credit score restrict

N/A

Overseas transaction payment

$0

Returned fee payment

N/A

Late payment

2.99%

Enterprise X Enterprise Card: Professionals and Cons

Right here’s a look in any respect the execs and cons of getting this bank card:

Professionals

  • Beneficiant intro provide.
  • Excessive rewards price.
  • Tons of enterprise perks.
  • Cool journey perks.
  • Annual rewards.
  • No set credit score restrict.

Cons

  • Excessive annual payment.
  • Late payment for those who don’t pay the stability in full.
  • Not out there to the general public.

Professionals—why we prefer it

Beneficiant intro provide

The Enterprise X Enterprise Card helps you to earn 150,000 miles after spending $30,000 on purchases within the first three months of card utilization. 

You possibly can then earn an extra 150,000 miles for those who spend $500,000 inside the first 12 months.

The spending limits are excessive—however so are the rewards.

Excessive rewards price

Because of the Capital One Enterprise X Enterprise Card small companies can rating massive rewards. 

Once you use Capital One Journey to e-book reservations, you’ll rack up 10 miles per $1 on accommodations and rental automobiles, 5 miles per $1 on flights, and a couple of miles per $1 on different eligible purchases. 

Whereas it doesn’t have as many class bonuses, its base price is double what most rewards bank cards provide for on a regular basis spending.

Tons of enterprise perks

Listed here are some notable enterprise advantages you possibly can bag with this card:

  • Free extra worker playing cards.
  • Custom-made spending limits for workers.
  • Digital card numbers.
  • Buy data (appropriate with Quicken, QuickBooks, and Excel).
  • Select your month-to-month due date.
  • Schedule automated funds.
  • Add account managers.
  • Schedule vendor funds on-line at a 2.9% payment when a service provider received’t settle for bank card funds.

Cool journey perks

The Enterprise X Enterprise Card boasts a few of the finest journey perks on the market:

  • You will get reimbursed for the primary $300 you spend on Capital One Journey purchases annually with the Capital One annual journey credit score.
  • In your first card anniversary, obtain a bonus of 10,000 Capital One miles (value as much as $100 in journey via Capital One Journey). You can too switch these miles to different journey companions.
  • Take pleasure in complimentary membership within the Precedence Go and Capital One Lounge networks. You possibly can deliver two additional visitors at no cost, however extra visitors might require an additional payment.
  • Obtain as much as $100 in credit each 4 years for World Entry or TSA PreCheck utility charges. If you have already got these credentials, you possibly can even use the credit score to reimburse the payment for an additional worker.
  • As a private or enterprise Enterprise X cardholder, acquire unique entry to the Capital One Premier Assortment, a set of luxurious accommodations and resorts worldwide. Take pleasure in particular privileges and expertise credit throughout your keep.

No set credit score restrict

Since it is a enterprise cost card, there is no fastened spending restrict to carry you again. Meaning you’ll have the liberty to make massive purchases. 

However bear in mind to repay your stability utterly every month to keep away from a 2.99% late payment.

Cons—what to contemplate

Excessive annual payment

The cardboard comes with a hefty $395 annual payment, so it’s essential to contemplate whether or not the perks and advantages justify the fee. 

Late payment

The Enterprise X Enterprise Card operates as a cost card, which suggests you’re required to repay your entire stability every month to keep away from incurring late charges. 

This is probably not superb for those who’re used to conventional bank cards that allow you to carry a stability over time.

Not out there to the general public

This card is at present solely out there via Capital One’s relationship managers. Getting one with out an current relationship with the cardboard issuer could also be tough.

Options to the Enterprise X Enterprise Card

Right here’s how the Enterprise X Enterprise Card compares to related bank cards:

Enterprise X Enterprise Card: Helpful Hyperlinks

Enterprise X Enterprise Card Opinions

Take a look at these buyer evaluations to get a greater perception into the Enterprise X Enterprise Card:

Whereas it’s important to pay a $395 annual payment, the anniversary bonus and $300 journey credit score greater than offsets it, and also you additionally get entry to the superb lounge advantages and 2x in all places incomes.

It’s undoubtedly not a enterprise card for everybody. You would need to have a enterprise the place you place massive spending month-to-month for your online business. The welcome provide is clutch, however $50k spend, sheesh.

Is the Enterprise X Enterprise Card Good for Me?

In case you’re on the lookout for a top-notch enterprise journey card with a simple incomes price for several types of enterprise purchases, then the Capital One Enterprise X Enterprise Card is the one for you. 

With this card, you possibly can earn 10x miles on accommodations and automobile leases booked via Capital One’s journey portal, 5x miles on flights booked via the identical portal, and 2x miles on all different purchases.

For frequent vacationers, the perks are exhausting to beat. You’ll take pleasure in limitless airport lounge entry to Precedence Go and Capital One Lounges (which even contains free entry for as much as two visitors).

Plus, there aren’t any overseas transaction charges, an annual journey credit score of as much as $300, and 10,000 anniversary miles.

Sure, there’s the $395 annual payment. However the advantages and rewards greater than make up for it, particularly for those who’re a frequent traveler or have important enterprise bills.

Keep in mind

In case you’re a enterprise proprietor who desires a card that’s extra budget-friendly, Chase Ink Enterprise Limitless is a more sensible choice. It doesn’t have an annual payment, presents a beneficiant welcome bonus, and earns 1.5% rewards on each enterprise buy.

Both method, getting a enterprise bank card is a clever transfer.

Anybody with a enterprise ought to get a enterprise bank card if their credit score rating lets them. Having a separate card could make an amazing distinction in monitoring enterprise bills, which ends up in cleaner accounting and extra tax advantages. Plus, many enterprise playing cards embrace presents and reductions related to a enterprise that aren’t out there on private playing cards. 

Matthew GoldmanPrivate finance and bank card professional

Learn extra:

FAQ

How do I get a Enterprise X Enterprise Card?

At the moment, the one technique to apply for the Enterprise X Enterprise is thru a Capital One Relationship Supervisor. 

Meaning you need to already be utilizing the financial institution’s enterprise banking or different bank cards.

You possibly can nonetheless apply for different capital one bank cards just like the Capital One Platinum cardCapital One SavorOne bank cardCapital One QuicksilverOne, or the Capital One® Enterprise X® bank card.

Is it exhausting to get the Capital One Enterprise X Card? 

Sure, it’s robust to get the Capital One Enterprise X Enterprise Card as a result of it requires wonderful credit score for approval. 

Except you’ve got a credit score rating above 720 and a excessive earnings, it’ll be troublesome to get approval for this card. 

Proper now, you possibly can solely apply for it via a Capital One relationship supervisor, which decreases your probabilities of qualifying. 

It’s because you sometimes have to talk with a relationship supervisor about your online business, and they’re going to determine whether or not you possibly can even apply for the cardboard. 

In case you’re allowed to use, you continue to must be authorised.

Learn extra about establishing enterprise credit score and getting a enterprise bank card.

What’s the highest credit score restrict for the Capital One Enterprise X Enterprise Card?

The Capital One Enterprise X Enterprise Card operates otherwise from conventional bank cards, because it’s a cost card. This implies it doesn’t include a hard and fast credit score restrict. 

As an alternative, your spending energy is set by Capital One and may fluctuate based mostly on components resembling your creditworthiness, fee historical past, and spending patterns. 

With cost playing cards, you’ll have to repay the stability in full every month to keep away from potential late charges.

Need assistance getting out of debt? Take a look at our free bank card payoff calculator.

How a lot earnings do it’s worthwhile to qualify for the Capital One Enterprise X Enterprise Card?

Capital One doesn’t publicly disclose eligibility standards for its bank cards

Nevertheless, in relation to the Capital One Enterprise X Enterprise Card, it’s logical to have a better earnings or a considerable quantity of enterprise bills to qualify. 

It’s because to earn the beneficiant welcome provide of 150,000 miles, it’s worthwhile to spend $30,000 on purchases inside the first three months (and an extra 150,000 miles for those who spend $500,000 inside the first 12 months).

If that is out of your finances, think about a extra inexpensive enterprise bank card just like the Chase Ink Limitless.

What’s the Capital One six-month rule?

Capital One has a strict rule relating to the timing of your bank card functions. 

You possibly can solely be authorised for one card each six months, whether or not it’s a private card or a small enterprise card.

Learn extra about what number of bank cards you need to have.

When did the Spark Journey Elite develop into Enterprise X Enterprise?

The Spark Journey Elite launched in July 2022, and it rebranded because the Capital One Enterprise X Enterprise Card in February 2023.

How does Capital One confirm earnings?

Capital One will want you to submit your earlier two years’ W-2 kinds in addition to your most up-to-date pay stub. 

The pay stub have to be computer-generated and embrace year-to-date earnings and taxes withheld. 

It must be unaltered and issued inside 40 days of the faxed date.

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