That's notably lower than the 1 cent per mile you would get by booking travel through Capital One's travel portal or redeeming points for purchases after the fact, though still much better than redeeming miles for cash back (which only provides half a cent of value). Miles can also be transferred to travel partners.Ĭardholders can transfer miles to one of Capital One’s travel partners in most cases at a ratio of 1 Capital One mile to 1 partner mile (or 1 partner point in the case of hotel partners), though it can be as low as 1 Capital One mile to 0.50 partner miles or points. You can redeem miles for travel via the issuer's travel portal, or you can use the Capital One system to book travel however you want and redeem miles later. Redeeming for gift cards gets you less than 1 cent per mile of value. However, you'll get the most value redeeming miles for travel (1 cent per mile). You can redeem miles for travel, cash back, gift cards, an account credit, or even at checkout with Amazon and PayPal. Miles received as rewards from Capital One never expire as long as you keep your account open.Ĭapital One offers incredibly flexible redemption options. In addition, you earn 1.25 miles per dollar on all other purchases. ![]() The Discover it Miles card, for example, matches all of the miles you've earned at the end of your first year.Įarn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. While the bonus with this card is decent, it's not the best available. Miles with this card are worth 1 cent when redeemed for travel as well as 1 cent when redeemed for cash back, according to Investopedia's points valuation study. Naturally, the value of miles varies with how and where they are redeemed. It represents a 40% return on the card's initial spending, not including the continued rewards you'd earn over the course of the year. This bonus equals $200 when redeemed for travel, which is a decent bonus for spending a small amount. After you qualify for the reward, Capital One will credit the bonus to your rewards balance within two billing cycles. This card doesn't charge foreign transaction fees and, since it's a Mastercard, is widely accepted.Ĭapital One VentureOne Rewards One-Time OfferĬardholders who spend $500 within the first three months of opening an account will earn 20,000 rewards miles. It’s also a good fit for those who travel internationally. Miles can be redeemed for travel, cash back, gift cards, an account credit, or even at checkout with Amazon and PayPal. Rewards are earned on every purchase-there are no rotating bonus categories or spending caps to worry about. The VentureOne card is a decent choice for occasional travelers interested in a no annual fee travel card with a simple earnings structure. Similar cards offer 1.5 points per dollar. Mediocre rewards rate on every purchase: This card has a weak 1.25 points per dollar rate for other purchases outside of hotels and cars booked through Capital One Travel.The miles you earn can be used for various kinds of travel, including hotels, flights, and car rentals. No commitment to specific brands or types of travel: Cardholders are not committed to any specific brand or type of travel with this card.Its sibling, the Capital One Venture card, charges $95 per year. No annual fee: This card charges no annual fee.Cardholders may also redeem miles through Capital One’s travel portal or transfer miles to eligible travel partners. ![]() ![]() Simply book travel at your preferred outlet and then redeem miles for a statement credit against the purchase within 90 days.
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