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The Capital One® Venture® Rewards Credit Card is a fairly well-known option among travelers. It doesn’t earn quite the same value of miles as the popular Chase Sapphire Preferred bonus, but it’s still a valuable mile redemption program. The Capital One Venture bonus and other perks make it very appealing. But naturally, you want to get the most out of the miles you do earn. Here’s how to redeem Capital One Venture miles for maximum value.
Earning Capital One Venture Bonus Miles
Currently, the Capital One Venture bonus is a 50,000-mile bonus after sign-up if you spend $3,000 in the first three months. And since each mile equals 1 cent, that means $500 in travel rewards, right off the bat. After that, you earn 2 miles per dollar spent on all purchases across the board. Capital One reward miles don’t expire for the life of your Capital One Venture credit card account.
Those Capital One miles are then easily redeemed for everything from past travel to gift cards, new bookings, to cashback. Plus, the Capital One Venture card’s annual fee of $95 is even waived the first year. You can also earn 10x miles on purchases on Hotels.com/venture when you use your Capital One Venture card to foot the bill. And while there are many ways to redeem miles, there are certainly some that are more valuable than others.
If you don’t have the Capital One Venture you can see more information here: Capital One® Venture® Rewards Credit Card
Transfer Capital One Venture Miles to Airlines
Starting last December, Capital One Venture cardholders will have a new way to use their miles by transferring them to one of a dozen other airline loyalty programs. Since there are often great ways to gain “outsized” value for with various airline award charts, this represents a huge upgrade for those looking to take special long-haul vacations in the premium cabin. VentureOne, Spark business credit cards like Spark Miles, and Spark Miles Select cardholders are also eligible for this valuable new perk.
How to Redeem Capital One Miles with Transfers to These Airlines
The list of airline partners now includes the JetBlue American program. Capital One says that it plans to add more participating transfer partners in the future. At the moment, the current partners include:
- Aeromexico Club Premier
- Air France KLM Flying Blue
- Air Canada Aeroplan
- Alitalia MilleMiglia
- Avianca LifeMiles
- Emirates Skywards
- Etihad Guest
- EVA Air InfinityMileageLands
- Finnair Plus
- Hainan Airlines Fortune Wings Club
- JetBlue TrueBlue
- Qantas Frequent Flyer
- Qatar Airways Privilege Club
- Singapore Airlines KrisFlyer
What does it mean for Capital One cardholders?
This puts it in line with the other major credit card award programs that offer lucrative points redemption options like the Sapphire Preferred and Venture. Examples of this include the Citi ThankYou, American Express Membership Rewards, and Chase Ultimate Rewards programs. Points that you can use as money for booking travel but also transfer to other programs are the best. They offer flexibility.
Venture or Spark members already earned miles at a ratio of two miles per dollar spent. These miles could be redeemed for any travel-related expense without any blackout dates. Now, they are eligible to transfer to these airline programs at a rate of 2 miles to 1.5 in the partner program. If you choose to redeem your miles as a way of directly purchasing airfare through Capital One, you can still redeem them with no blackout dates on all travel-related purchases.
Considerations Before You Transfer Miles with Capital One Bonus
Before transferring to an airline partner, see if you are better off directly purchasing airfare using your miles through Capital One bonuses. Although, if you are booking travel in the premium cabin, it can be beneficial to transfer your miles to a partner. Be sure that there is award availability for the flights you want in the transfer partner’s program before redeeming. Otherwise, you will be stuck with a bunch of miles in a foreign program that you may not be able to use.
Point transfers can be ideal for booking international travel. Although the transfer ratio for most partners is 2 Capital One Venture miles equals 1.5 air miles. For example, transferring 20,000 Venture miles becomes 15,000 air miles. This transfer ratio isn’t 1:1 but can still be a valuable redemption tool.
Keep in mind it can take up to 5 business days for transfers to complete. Although most partners complete the transfer either instantly or within 36 hours.
Venture Miles Travel Eraser
The best way to get the most value out of your Capital One Venture miles is with the travel purchase eraser. You don’t have to use special booking sites or select from a limited pool of participating partner companies like with some branded airline or hotel credit cards. You just log into your Capital One Venture card account and go to your rewards page. There, you will find an option to redeem travel purchases.
When you select that option, a list of travel purchases made in the past 90 days will appear, along with the miles required to erase the purchase. You can select which ones you’d like to erase in part or in full and with a few clicks, it was like the charge never existed. Because travel purchases remain eligible for redemption for so long, you have ample time to decide which purchases are worth erasing.
Purchases made from airlines, hotels, trains, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents, and timeshares are generally considered to be travel purchases and available for redemption. Even Uber and Lyft charges make the list. You can book through a travel agent, your favorite booking portal or straight from an airline website, whatever you prefer, as long as you use your Capital One® Venture® Rewards Credit Card to foot the bill.
Redeeming Capital One Miles Through the Booking Portal
To pay directly with Capital One Venture miles you already have instead of with cash to redeem later, you can use Capital One Travel. On your My Rewards page, you can select Book a Trip and you’ll be directed to the Capital One Travel portal. Mile values when booking new travel remain the same (1 cent per mile), but this form of booking often prevents you from earning additional rewards on other accounts. Earning miles via two or more methods simultaneously is called double dipping.
Booking flights with Capital One’s booking portal is often a good option as there are no blackout dates or award restrictions and you can’t usually double dip with airlines. Hotels, however, can be a different story. Booking through Hotels.com/venture, for example, will earn you 10x miles on purchases made to your Capital One Venture card. You can then erase those bookings via the purchase eraser, allowing you to earn Capital One Venture bonus miles as you redeem them.
Many other sites like Airbnb and Groupon also partner with frequent traveler programs that allow you to earn miles by booking through your favorite airline’s shopping portal. That means you can essentially earn double the miles (some with the airline, some with Capital One) for purchases and still erase them from your Capital One Venture card. It’s always worth checking if you can double dip before using the Capital One Travel booking site.
If you simply must use your miles for something other than travel, gift cards are an acceptable alternative. You’ll still get the same 1 cent per mile value and can redeem as few as 1,000 miles for a $10 gift card. Amazon, movie theaters, restaurants and more are just a few of the options available. There are often other ways to get deals on gift cards, though, including double-dipping by purchasing one on sale with a credit card then using it through a frequent traveler shopping portal.
Capital One Venture Bonus Mile Transfers to Other Venture Cardholders
Can’t use your Capital One Venture miles or want to surprise someone with the extra miles they need to book their own travel? If you would prefer to gift your Capital One Venture bonus miles to someone else with a Capital One Venture account, it’s free to do so. Miles will transfer on a 1:1 basis, so gift away. Friends or family members will thank you.
Cashback should be your last option when redeeming Capital One Venture miles. You can get cash back in the form of account credit or a check in the mail, but you’ll only get half the value of any other option. That’s only half a cent per dollar, making it the least valuable way to redeem your miles.
Bottom Line on How To Redeem Capital One Venture Miles
Capital One makes it easy to earn and redeem Capital One miles with the Venture card. It offers maximum flexibility with minimum complications. Being able to spend normally and then decide what purchases to erase is a key feature of the Capital One® Venture® Rewards Credit Card. It might be one of the least-complicated cards out there. Add to that the varied redemption options and good point value for all purchases across the board and it’s a pretty solid choice.
For those seeking an easy-to-use card that doesn’t require dedicated booking portals or constantly fluctuating point-earning values, the Capital One Venture card should be high on your list of travel cards to consider.
Learn more about the Captial One Venture here.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
- 1 Earning Capital One Venture Bonus Miles
- 2 Transfer Capital One Venture Miles to Airlines
- 3 How to Redeem Capital One Miles with Transfers to These Airlines
- 4 Considerations Before You Transfer Miles with Capital One Bonus
- 5 Venture Miles Travel Eraser
- 6 Redeeming Capital One Miles Through the Booking Portal
- 7 Gift Cards
- 8 Capital One Venture Bonus Mile Transfers to Other Venture Cardholders
- 9 Cash Back
- 10 Bottom Line on How To Redeem Capital One Venture Miles