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When comparing travel credit cards, the Capital One Venture Rewards Credit Card is often one of the top choices listed (for good reason). The Capital One Venture bonus, 2x miles per $1 spent on every purchase, and travel perks make it very appealing. But naturally, you want to get the most out of the Capital One Venture miles you are earning.
Learn more: Travel Rewards Credit Cards
Here’s how you can redeem Capital One Venture bonus miles for maximum value. While these miles don’t have the same value of miles as the popular Chase Sapphire Preferred® Card (here’s more info about the Chase Sapphire Preferred bonus and benefits), it’s still a valuable mile redemption program. Capital One has recently announced 1:1 transfer partners plus additional exclusive airline lounges. And below we’ll show you what airlines and hotels work with Capital One miles.
Use this table to jump to specific sections in this guide:
- Earning Capital One Venture Miles for Redemptions
- Transferring Capital One Venture Miles to Travel Programs
- How to Redeem Capital One Venture Miles with Transfers to These Partners
- What Travel Programs Work with Capital One Miles?
- Think Before You Transfer Miles with Capital One Venture Bonus
- Capital One Venture Miles Travel Eraser
- Using Capital One Miles for Gift Cards
- Capital One Venture Bonus Miles Transfers to Other Venture Cardholders
- Can You Get Cash Back with Capital One?
Earning Capital One Venture Miles for Redemptions
Before we get into it, let’s review the Capital One Venture Rewards Credit Card since this is the consumer travel card to use if you are looking to maximize travel. New Capital One Venture Rewards Credit Card cardholders can earn 60,000 miles after spending $3,000 on purchases in the first 3 months.
Learn more: Travel Rewards Credit Cards
You earn 2x miles per dollar spent on all purchases across the board. Capital One reward miles don’t expire for the life of your account, which is great news if you want to earn miles now that can be put to use for future travel. You can get more details in this Capital One Venture credit card review.
Those Capital One miles are then easily redeemed for everything from past travel to gift cards, new bookings, to cashback. The Capital One Venture card’s annual fee is $95. And while there are many ways to redeem miles, there are certainly some that are more valuable than others.
Note that the Capital One Venture Rewards is also one of the best contactless credit cards for your wallet. This makes it a great companion when you are looking to avoid touching many surfaces. It’s also great for international travel as it has no foreign transaction fees and comes with a fee credit of up to $100 for Global Entry or TSA PreCheck.
Related Article: Best Credit Cards for Everyday Spending
What Capital One Credit Cards Transfer Miles?
There are currently four different Capital One credit cards that earn transferrable travel miles. Consumers can transfer miles with these two options:
- Capital One Venture Rewards Credit Card ($95 annual fee)
- Capital One VentureOne Rewards Credit Card ($0 annual fee)
Business travelers can also transfer business rewards as well:
- Capital One Spark Miles for Business ($95 annual fee, waived the first year)
- Capital One Spark Miles Select for Business ($0 annual fee)
Transfer Capital One Venture Miles to Travel Programs
Capital One Venture Rewards Credit Card cardholders can use their Capital One miles by transferring them to leading travel programs. Since there are often great ways to gain “outsized” value for various airline award charts, this represents a huge upgrade for those looking to take special long-haul vacations in the premium cabin. You can learn more in our latest post about the new Capital One travel partners and lounges.
Related Article: Best Capital One Credit Cards
How to Redeem Capital One Miles with Transfers to These Partners
The list of Capital One airline partners now includes 1:1 transfer partners. Plus, cardholders can transfer miles to leading travel loyalty programs, including new Capital One hotel transfer partners. Capital One says that it plans to add more participating transfer partners in the future.
What Travel Programs Work With Capital One Miles
- Aeromexico (1:1 ratio)
- Aeroplan (Air Canada) (1:1 ratio)
- Air France/KLM (1:1 ratio)
- Alitalia (2:1.5 ratio)
- Avianca (1:1 ratio)
- British Airways (1:1 ratio)
- Cathay Pacific (1:1 ratio)
- Emirates (1:1 ratio)
- Etihad (1:1 ratio)
- EVA Air (2:1.5 ratio)
- Finnair (1:1 ratio)
- JetBlue (2:1.5 ratio)
- Qantas (1:1 ratio)
- Singapore Airlines (1:1 ratio)
- TAP Air Portugal (1:1 ratio)
- Turkish Airlines (1:1 ratio)
Capital One also has ALL Accor (2:1 ratio), Choice Privileges (1:1 ratio—expected late 2021), and Wyndham Rewards (1:1 ratio) as hotel transfer partners.
What does it mean for Capital One cardholders?
These miles could be redeemed for any travel-related expense without any blackout dates. Now, some options are eligible to transfer to these programs at a rate of 1 mile to 1 mile 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.
Examples of other reward portals include the Citi ThankYou, American Express Membership Rewards, and Chase Ultimate Rewards programs. Points/Miles that you can use as money for booking travel but also transfer to other programs are the best. They offer flexibility.
Think Before You Transfer Miles with Capital One Venture Bonus
Before transferring to a travel 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.
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.
Capital One Venture Miles Travel Eraser
One of the best ways 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.
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.
Using Capital One Miles for Gift Cards
Edit: Capital One recently devalued this to 0.80
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 Miles 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.
Learn more: Travel Rewards Credit Cards
Can You Get Cash Back With Capital One?
If you’re looking for cash back, note that cash back credits 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.
If you’re looking for cash back, you’re better off checking out the best cash back credit card options. Some are also fee-free, making them easy to carry in your wallet.
Capital One credit cards make 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 or mile-earning values, the Capital One Venture card should be high on your list of travel cards to consider.
Learn more: Travel Rewards Credit Cards
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How do Capital One Venture miles work?
The Capital One Venture earns unlimited 2x miles per $1 on all purchases. You earn the same amount of miles for U.S. and international purchases.
You can redeem your Capital One Venture miles for travel, cash, and gift card rewards. Although your miles are usually most valuable when redeemed for travel statement credits, booking upcoming travel, or transferring to airline or hotel partners.
How do I redeem Capital One Venture miles?
Your Venture miles can be redeemed for travel, cash, and gift card rewards in your Capital One online account. You can redeem your miles in any amount for most reward options.
Each point is worth 1 cent each (i.e., 10,000 miles=$100) for travel statement credits (travel purchases within the last 90 days) and booking upcoming travel on the Capital One travel booking site. You can also transfer your miles to select airlines and hotels where they can be worth more than 1 cent each.
Venture miles are usually worth less than 1 cent each when redeemed for cash rewards or gift cards.
One final option is transferring your miles at a 1:1 ratio to other Capital One Venture cardholders.
How much are Capital One Venture miles worth?
Each Capital One Venture mile is worth 1 cent each for travel statement credits and booking upcoming travel through the Capital One travel booking site powered by Orbitz. Redeeming 10,000 miles is worth $100 for these two redemption options.
You might be able to make each point worth more than 1 cent each by first transferring your miles to an airline partner and booking a flight directly from the airline.
Your miles are less valuable when redeemed for cash or gift cards. The average point value is only 0.8 cents. For example, 10,000 miles are only worth $80.
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- 1 Contents
- 2 Earning Capital One Venture Miles for Redemptions
- 3 Transfer Capital One Venture Miles to Travel Programs
- 4 How to Redeem Capital One Miles with Transfers to These Partners
- 5 What Travel Programs Work With Capital One Miles
- 6 Think Before You Transfer Miles with Capital One Venture Bonus
- 7 Capital One Venture Miles Travel Eraser
- 8 Redeeming Capital One Miles Through the Booking Portal
- 9 Using Capital One Miles for Gift Cards
- 10 Capital One Venture Bonus Miles Transfers to Other Venture Cardholders
- 11 Can You Get Cash Back With Capital One?
- 12 Bottom Line
- 13 FAQs