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The Capital One® Venture® Rewards Credit Card is a reasonably well-known option among travelers and is often mentioned when talking about some of the best travel credit card options for your wallet. The Capital One Venture bonus, 2x miles per $1 spent on every purchase (aside from the 5x miles per $1 spent on Uber Eats purchases through January 31, 2021), 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.

Here’s how to redeem Capital One Venture bonus miles for maximum value. It doesn’t earn quite the same value of miles as the popular Chase Sapphire Preferred® (here’s more info about the Chase Sapphire Preferred bonus), but it’s still a valuable mile redemption program. And below we’ll show you what airlines and hotels work with Capital One miles. Plus, you’ll see how you can earn miles now to save for when travel is feasible again.

Editors note: Capital One just raised the bonus on the Venture to a potential 100k miles: Learn more: Rewards Credit Cards

Air France is one of the options you have to redeem Capital One Venture miles. Credit: Johnny Jet

Earning Capital One Venture Miles for Redemptions

Currently, the Capital One Venture bonus is a 100,000-mile bonus opportunity. New cardholders can earn a 100k mile bonus by spending $20,000 on purchases in the first 12 months from account opening, or earn 50,000 miles if you spend $3000 on purchases in the first 3 months.

Since each mile equals 1 cent, that means $1000 in travel rewards, right off the bat. After that, you earn 2 miles per dollar spent on all purchases across the board. Plus, through January 31, 2021, cardholders earn 5x miles per $1 spent on Uber Eats purchases. 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 cash back. 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.

Learn more: Rewards Credit Cards

Transfer Capital One Venture Miles to Travel Programs

Capital One Venture 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. The Capital One® VentureOne® Rewards Credit Card, the Spark business credit cards like the Capital One® Spark® Miles for Business and Capital One® Spark® Miles Select for Business cardholders are also eligible for this valuable perk.

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 the JetBlue American program. 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.

Learn more: Rewards Credit Cards

What Travel Programs Work With Capital One Miles

  • Aeromexico Club Premier
  • Air France KLM Flying Blue
  • Air Canada Aeroplan
  • Alitalia MilleMiglia
  • AsiaMiles
  • 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
  • ALL
  • Wyndham Rewards

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 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 Chase Sapphire Preferred® Card. You can learn more in our Chase Sapphire Preferred vs Capital One Venture review.

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.

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 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.

Learn more: Rewards Credit Cards

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. 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.

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.

Learn more: Rewards Credit Cards

Redeeming Capital One Miles Through the Booking Portal

The Capital One Travel booking portal.
The Capital One Travel 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.

Learn more: Rewards Credit Cards

Capital One Gift Cards

There are many gift cards available for redemption with Capital One Venture miles.
There are many gift cards available for redemption with Capital One Venture miles.

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: Rewards Credit Cards

Can You Get Cash Back With Capital One?

Cash back is a reward option with the Capital One Venture card, but not the best one.
Cash back IS a reward option with the Capital One® Venture® Rewards Credit Card, but not the best 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 it easy to carry in your wallet.

Bottom Line on How To Redeem Capital One Venture Miles

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: Rewards Credit Cards

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How do Capital One Venture miles work?

The Capital One Venture earns unlimited 2 miles per $1 on all purchases (except on Uber Eats purchases that earn 5x miles per $1 through January 31, 2021). 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.

Learn more: Rewards Credit Cards

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Johnny Jet Editorial

Chase Sapphire Preferred® Card

  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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.

37 Comments On "How To Redeem Capital One Venture Miles For Maximum Value"
  1. Wayne E McBride|

    Very useful information and so good suggestions for a prudent buyer and traveler.

  2. Sarah McDonnell|

    So, when you use a purchase eraser, does that then cancel any miles redeemed with that purchase? For example, I get my 50,000 bonus miles and use that to erase $500 of spending on a hotel. Would I then lose the 2x miles I had earned on that purchase originally?
    Also, do you still earn 2x miles on the initial purchases made that add up to the first $3000 used for the bonus miles?

    1. Johnny Jet Editorial|

      You will still earn the miles for the purchase. Yes, you earn 2x miles while you’re meeting your spending requirement.

  3. sidney|

    A capital one agent told me that using the last option “Cash” will have the same value as the travel eraser IF I select credit my account. I’ve just read this site and it says the value is much less.

    Whose is correct?

  4. sidney|

    A capital one agent told me that using the last option “Cash” will have the same value as the travel eraser IF I select credit my account. I’ve just read this site and it says the value is much less.

    Whose is correct?

    1. Johnny Jet Editorial|

      You will only receive half the value when redeeming your Capital One Venture miles for cash.

  5. Amit Duggal|

    I am about to book a hotel through the site. Can I erase the charges from my card using travel eraser. I would assume so but am not sure because they are a partner with Capital one

  6. Johnny Jet Editorial|

    Yes, you can use your Capital One miles for purchases.

  7. Aaron|

    What kind of credit score do you need to get approved?

    1. Johnny Jet Editorial|

      A credit score over 700 is your best bet on getting approval, but there are no guarantees.

  8. Maggi|

    Can reward points with capital venture/bookings card be utilized with all airlines…and at what ratio? Ie american or united airlines?? Thank you!

    1. Johnny Jet Editorial|

      Capital One miles don’t transfer to American or United Airlines directly. However, you can transfer them to a Star Alliance or One World airline and then book AA or United. For example, you can transfer your miles to Avianca and then book United flights because its in the same alliance.

  9. SMC|


    I’m booking travel from Austin to Amsterdam using my Capital One Venture rewards. I also checked the price of the exact flight itinerary via American Airlines website. The cost of the ticket if I booked it through AA site is twice as much as the Cap One portal price. Are their hidden costs that aren’t included in the Cap one fare? I’m trying to understand why the significant fare difference. Thanks!

    1. Johnny Jet Editorial|

      I’m not sure, but you can click through the process to see the final payment. Also, you may be able save more money by transferring your Capital One Miles to a transfer partner and then booking your award. Generally, that’s where the value is. Hope this helps.1

  10. Gerald|

    Hi Johnny. Does an airline know where I earned my miles? For example, I have about 300k American Airlines miles that I earned entirely through Citibank cards. Does American know that I did not earn those as a flyer, but rather as a Citibank cardholder? I’m wondering if that makes me a lesser value customer than if I earned those miles through flights. Maybe it doesn’t really matter to them.

    1. Johnny Jet Editorial|

      Hey Gerald, AA knows how miles are earned because miles earned flying on revenue flights earn their elite status. Other than that it really doesn’t make a difference since once you have AA miles you can redeem them the same way. Hope this helps!

  11. Sage|

    Maybe a stupid question….. But I’m having a hard time finding an answer. I just got the Venture card. If I make travel purchases like booking flights, hotels, etc., then fully pay my statement to avoid interest, then spend the $3,000 in 90 days and get the 50,000 bonus miles… Can I use those points to offset the travel purchases I’ve already paid off? Does the mile redemption basically appear as a redemption credit on the next statement?

    1. Johnny Jet Editorial|

      Yes, you should be able to as long as the Capital One miles post before then you can use them for those purchases. My miles posted before my next statement as a data point.

  12. Tyler Hancock|

    I’m logged in to my account and looking to get gift cards. However, they are all at .80 per 100 points instead of 1=1. Your article says it is 1=1. How do I get the full value?

    1. Johnny Jet Editorial|

      Sorry for the confusion, Capital One recently devalued gift card redemptions to 0.80.

  13. Jacquetta Birmingham|

    I appreciate you for spreading this data about this awesome weblog. let me promote this post in my small tumblr take into account my girlfriends

  14. Jim F|

    Can I use my rewards for a hotel stay for my anniversary in a nearby city?

    1. Johnny Jet Editorial|

      Yes, you can book online through the Capital One portal.

  15. andrea|

    i dont see like delta, fontier, allegient or other well known airlines on the list of partnering airlines. how do i know that the airlines that i use the most will be covered?

    also- lets say my ticket is 500$ and i have a credit or 300$ can i apply that to make my ticket 200$ or do i have to have enough to cover the whole ticket?

    1. Johnny Jet Editorial|

      You can redeem your Cap One miles for a travel statement credit for those airlines that aren’t transfer partners. Yes, a $300 credit on a $500 ticket would make it $200.

  16. Michael|

    Hi. Great website.
    I’m having trouble grasping the idea of double dipping with hotel purchases. You say:

    “Booking through, 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.”

    How are you earning bonus miles AS you redeem them?

    1. Johnny Jet Editorial|

      Basically, you could pay for your hotel stay by erasing its costs with points. But, yes, you would still earn the 10x miles on your purchase. Hope this helps!

  17. Olivia|

    Okay. If I purchase my flight through another credit card portal (I have Wells Fargo Propel and get better value than 1:1 if booking through the WF portal using my WF propel card) using a combo of points and cash, can I use the Capital One purchase eraser on the cash/money spent on that flight?

  18. Kari|

    Just to confirm, I recently made a $4200 booking for an All-inclusive, so I will earn 42,000 points for that booking and can use it to take $420 off the cost of that same booking, correct?

    1. Johnny Jet Editorial|

      Yep, you can use the point eraser for that purchase.

  19. yeptube|

    Cathay Pacific Asia Miles:  Asia Miles uses a distance-based award chart, so unfortunately, Cathay Pacific flights from the U.S. to Asia wind up falling on the expensive side of things. Still, it might be worth paying up for one of the world s best first-class products or for nonstop flights to Asia from cities like Boston or Washington, D.C. You can also find good values on some shorter domestic AA flights, and on Oneworld flights from the East Coast to Europe, though you ll also need to contend with the carrier s challenging award booking engine .

  20. Shawn|

    Thanks for the great write up. The only point that I think needs a little more clarification is the cash back option. I agree that this looks like the worst choice available, but you mention that the cash back option only provides a benefit of “half a cent per dollar” spent. From your screenshot it shows that two miles are equal to one cent, but you actually earn two miles per dollar spent. This means the cash back option is worth one cent per dollar spent. Each mile might be worth one cent when redeemed for travel and you are only getting half of that when you redeem for cash back, but cash back is still equal to one cent per dollar spent.

  21. Tucker Neff|

    I’m planning on going to Italy next Fall. Can the points eraser be used toward Airbnb purchases or even train tickets?

    1. Johnny Jet Editorial|

      Yes, you can use your Capital One miles to erase Airbnb purchases.

  22. tucker|

    Thanks for your prior response! if i buy tickets through will i still be able to erase those points?

  23. Pam|

    can I use my capital one venture points to pay off my bill with cap one?

    1. Johnny Jet Editorial|

      Yes, you can but the value you get depends on the transaction.

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