Is the Capital One Venture Card Worth It?

Key takeaways

  • With a strong two miles per greenback incomes construction and wholesome welcome provide alternative, the Capital One Enterprise Rewards Credit score Card is an efficient selection for each simplicity and for maximizing rewards in several spending classes.
  • Make the cardboard well worth the annual payment by totally utilizing perks resembling a World Entry/TSA PreCheck waiver and versatile redemption choices for journey purchases.
  • The cardboard’s worth could also be restricted for many who don’t journey steadily or desire 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. After I first signed up, I knew little or no about bank cards — suffice to say, the $95 annual payment appeared daunting on the time.

But it surely’s been straightforward to get greater than the annual payment’s price of worth out of the Enterprise card every year I’ve owned it, and I really like having a versatile miles card that additionally earns a flat price of rewards on each buy. To not point out the cardboard is at the moment providing a welcome bonus of 75,000 miles whenever 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 in the marketplace.

So, is the Capital One Enterprise Card price it? I feel so, and I consider the identical is true for a lot of different kinds of spenders, as effectively. But it surely’s not for everybody, so right here’s a breakdown that will help you determine 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 at the moment providing 75,000 miles for spending $4,000 within the first three months. Whereas the complete $4,000 spend threshold is likely to be too excessive to fulfill 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, inns, rental vehicles and extra whenever you redeem them for assertion credit score. Transferring your miles to one among Capital One’s high-value journey companions? In keeping with Bankrate valuations, your miles may very well be price about 1.7 cents every.

You earn a strong flat price of miles on each buy

Not like different rewards bank cards that provide extra rewards particularly classes of spending, the Enterprise card provides the identical two-miles-per-dollar price on almost each buy. This easy framework takes all of the planning and guesswork out of incomes with the cardboard — no have to solely pull it out for sure classes of spending or fear about service provider class codes. All you need to do is swipe your Capital One Enterprise Card everytime you make a purchase order and watch the rewards pile in.

The beauty of a excessive flat price of spending like that is that it fits a number of sorts of cardholders. Those that wish to hold issues easy with a go-to card for all their purchases can depend on a aggressive price it doesn’t matter what they purchase.

Then once more, cardholders like me who wish to juggle a number of bank cards to earn extra particularly classes have rather a lot to realize, too. That’s as a result of the 2X miles per greenback earned on basic purchases with the Enterprise is larger than the usual 1 mile/level per greenback on playing cards with tiered incomes classes.

For example, the Blue Money Most well-liked® Card from American Specific is one among my favourite bank cards due to its 6 p.c money again on U.S. grocery store purchases (as much as $6,000 spent per 12 months, then 1 p.c). But it surely solely earns 1 p.c money again on purchases like airline tickets or on-line procuring. By utilizing my Blue Money Most well-liked for groceries after which swapping out my Enterprise card for brand new garments, I can make sure that I get the absolute best return on my spending.

The World Entry/TSA PreCheck waiver covers the annual payment within the first 12 months

Along with an amazing rewards price, the Capital One Enterprise card will cowl as much as $100 (as an announcement credit score) in your software payment to World 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 numerous 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 way of the Capital One portal or any third-party website. That’s as a result of Capital One Enterprise cardholders could make a qualifying journey buy on their card with any website or journey vendor after which redeem miles as assertion credit score to cowl the acquisition.

Many journey bank cards solely provide full level worth whenever you e book by way of the issuer, so it is a massive perk for cardholders who wish to budget-hunt on a number of platforms.

Plus, as already talked about, transferring your miles to one among Capital One’s companions might yield the absolute 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 characteristic, it does add a sure sense of luxurious when pulling it out of your pockets. The truth is, the Enterprise is among the heaviest steel bank cards in the marketplace — even heavier than some playing cards that require a $400+ annual payment.

The reason why the Enterprise Card may not be price it for you

Much less-than-stellar journey switch companions

The really points-and-miles-savvy know {that a} good record of switch companions is one of the simplest ways 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 — in reality, there aren’t any U.S.-based airways on the record. That mentioned, there’s loads of worth to be discovered in the event you steadily end up on worldwide flights otherwise you’re prepared to place within the effort to know frequent flyer packages and airline alliances.

The worth for non-travel miles redemptions is low

The Enterprise card is firstly 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 shouldn’t be so profitable. Money again, as an illustration, solely will get you 0.5 cents per mile, and Amazon purchases get 0.8 cents.

Meaning you’ll have to journey a minimum of 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 benefit from the welcome bonus, software credit score for World Entry or TSA PreCheck and versatile redemption choices for journey purchases, the Enterprise card is completely 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 would possibly wish to go for a distinct card. The Citi Double Money® Card, as an illustration, earns as much as 2 p.c money again on each buy — 1 p.c as you purchase and an extra 1 p.c as you repay your purchases. It doesn’t have many fancy perks, nevertheless it additionally doesn’t cost an annual payment, and the rewards are far 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 be capable 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 gasoline 4,800
$4,000 on eating out 8,000
$2,600 on inns and rental vehicles by way of 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 way of the Capital One portal or for assertion credit score to cowl qualifying journey purchases. They may very well 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 12 months 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
World 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 provides an easy method to earn a strong quantity of rewards. Journey buffs who wish to rack up as many rewards as doable will discover their spending might go additional with different journey rewards card issuers who provide tiered rewards buildings and extra strong switch accomplice packages, however Capital One Enterprise rewards is not any slouch.

In case you’re searching for a easy method to earn miles and revel in just a few cardholder perks, the Capital One Enterprise Card does hold issues easy.

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