Capitalone Com Redeem Rewards: Transferable Points and Travel Rewards

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Posted Dec 19, 2024

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Capital One's rewards program is a game-changer for travelers and shoppers alike.

You can earn transferable points with Capital One, which can be redeemed for travel, merchandise, or cash back.

These points can be transferred to popular airline and hotel loyalty programs, such as airline miles or hotel points, making it easy to book flights and hotels.

With Capital One, you can redeem your rewards for travel, including flights, hotel stays, and rental cars, or for cash back or gift cards.

Whether you're planning a quick weekend getaway or a long-haul international trip, Capital One's rewards program has got you covered.

Earning Capital One Rewards

If you have a Capital One credit card, you can earn miles or cash back rewards on most purchases. You can also earn a welcome bonus when you open a new card and meet the specified spending requirements.

The Capital One Venture and Spark Miles families offer cards that earn miles, and the Venture X Rewards Credit Card is one of the best options, especially if you'll use the $300 Capital One Travel credit each account anniversary year. The card has a $395 annual fee, but it's worth it for the perks.

Credit: youtube.com, How to Redeem Capital One Miles for MAX Value

You can earn 5x Capital One miles per dollar when you book rental cars and hotels through the Capital One Travel portal, which is especially lucrative for businesses that regularly charge client-reimbursable travel expenses to their business credit card.

Some Capital One credit cards offer cash back rewards, including the Savor and Quicksilver families. For example, the Savor card offers unlimited 3% cash back at grocery stores and on dining, entertainment, and popular streaming services.

Here are some Capital One credit cards that earn miles or cash back rewards:

  • Capital One Venture X Rewards Credit Card (miles)
  • Capital One Venture Rewards Credit Card (miles)
  • Capital One VentureOne Rewards Credit Card (miles)
  • Capital One Savor Cash Rewards Credit Card (cash back)
  • Capital One Quicksilver Cash Rewards Credit Card (cash back)

You can convert Capital One cash back rewards into miles if you have one of the above cards, and you can transfer your Capital One points to any of its fourteen airline partners and two hotel chains at a one-to-one rate.

Cards

If you're looking to earn Capital One miles, you'll want to consider the various Capital One-issued credit cards that offer this benefit. The Capital One Venture and Spark Miles families are the best options for earning Capital One miles.

Credit: youtube.com, Capital One SavorOne Cash Rewards Credit Card (OVERVIEW)

You can earn 75,000 bonus miles with the Capital One Venture Card once you spend $4,000 on purchases in your first 3 months from account opening. This is a great deal, especially when you consider that the bonus miles can be redeemed for travel through the Capital One travel portal.

Most Capital One credit cards offer an initial sign-up bonus when you open a new card and meet the specified spending requirements to earn the bonus. You'll also earn miles on most purchases, and some cards even offer anniversary bonus miles each year you renew your card.

Here are some of the Capital One credit cards that earn Capital One miles:

  • Capital One Venture X Rewards Credit Card: Earn 10x miles on hotels and rental cars booked through Capital One Travel, 5x miles on flights and vacation rentals booked through Capital One Travel, and 2x miles on all other purchases.
  • Capital One Venture Rewards Credit Card: Earn 2x miles on all purchases.
  • Capital One VentureOne Rewards Credit Card: Earn 1.25x miles on all purchases.
  • Capital One VentureOne Rewards for Good Credit: Earn 1.25x miles on all purchases.
  • Capital One Spark Miles for Business: Earn 2x miles on all business purchases.
  • Capital One Spark Miles Select for Business: Earn 1.5x miles on all business purchases.

These are just a few examples of the many Capital One credit cards that earn Capital One miles. Be sure to check out the specific terms and conditions of each card to see which one is right for you.

Using and Transferring Rewards

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Using your Capital One rewards is a straightforward process. Sign in to your account online or through the Capital One Mobile app, select your rewards card, and then select View Rewards.

You can redeem your rewards points for travel, cash back, or other rewards. If you book a flight through the Capital One travel portal, you'll get price protection and price alerts, which can help you save even more. You can also transfer your points to any of Capital One's 15+ travel loyalty partners at a one-to-one ratio.

Here are some of Capital One's transfer partners:

  • Accor Live Limitless: 2:1 transfer ratio
  • Aeromexico Rewards: 1:1 transfer ratio
  • Air Canada Aeroplan: 1:1 transfer ratio
  • Air France-KLM Flying Blue: 1:1 transfer ratio
  • Avianca LifeMiles: 1:1 transfer ratio
  • British Airways Executive Club: 1:1 transfer ratio
  • Cathay Pacific Asia Miles: 1:1 transfer ratio
  • Choice Privileges: 1:1 transfer ratio
  • Emirates Skywards: 1:1 transfer ratio
  • Etihad Airways Guest: 1:1 transfer ratio
  • EVA Airways Infinity MileageLands: 4:3 transfer ratio
  • Finnair Plus: 1:1 transfer ratio
  • Qantas Frequent Flyer: 1:1 transfer ratio
  • Singapore Airlines KrisFlyer: 1:1 transfer ratio
  • TAP Air Portugal Miles&Go: 1:1 transfer ratio
  • Turkish Airlines Miles&Smiles: 1:1 transfer ratio
  • Virgin Red: 1:1 transfer ratio
  • Wyndham Rewards: 1:1 transfer ratio

How to Use

To start using your Capital One rewards, you'll need to activate your card and make a purchase within the first three months to earn the sign-on bonus. This can be a great way to get started with earning miles and redeeming them for travel.

The Capital One Venture Rewards Credit Card offers 5x miles per dollar on hotels, vacation rentals, and rental cars booked through Capital One Travel, making it an excellent choice for travelers. You can also earn 2x miles per dollar on all other purchases.

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With the Capital One Venture X card, you can earn 10x miles per dollar on hotels and rental cars purchased through Capital One Travel, and 5x miles per dollar on flights and vacation rentals. This can add up quickly, especially if you book travel frequently.

To redeem your miles, you can use the Capital One travel portal to book a trip, or transfer them to one of the 15+ travel loyalty programs. This gives you flexibility and options when it comes to using your rewards.

Here are the Capital One cards that offer bonus miles on booking travel through Capital One Travel:

CardBonus Miles per Dollar
Capital One Venture5x miles on hotels, vacation rentals, and rental cars
Capital One Venture X10x miles on hotels and rental cars, 5x miles on flights and vacation rentals

You can also use your miles to get reimbursed for any travel purchase, or redeem them by booking a trip through Capital One Travel. This makes it easy to use your rewards and get the most value out of them.

Spark for Business

The Spark for Business cards from Capital One are a great option for business owners who want to earn rewards on their purchases. They offer a range of benefits, including earning miles on every purchase.

Credit: youtube.com, Maximize Business Spend with Capital One Spark Card

One of the key benefits of the Spark for Business cards is the ability to earn double miles on every purchase, with no limits or category restrictions. This means that businesses can earn unlimited 2X miles per dollar on every purchase, everywhere.

The Capital One Spark Miles card also offers a one-time bonus of 50,000 miles, equal to $500 in travel, once you spend $4,500 on purchases within the first 3 months from account opening. This can be a great way to earn a significant number of miles quickly.

Businesses can also earn 5X miles per dollar on hotels, vacation rentals, and rental cars booked through Capital One Travel. This can be a great way to earn bonus miles on employee travel.

The Spark for Business cards also offer a range of other benefits, including no foreign transaction fees and free employee cards. This can be a great way to simplify business expenses and earn rewards on employee purchases.

Here are some key benefits of the Spark for Business cards:

  • Earn unlimited 2X miles per dollar on every purchase, everywhere
  • Earn 5X miles per dollar on hotels, vacation rentals, and rental cars booked through Capital One Travel
  • No foreign transaction fees
  • Free employee cards
  • One-time bonus of 50,000 miles after spending $4,500 in the first 3 months

The Capital One Spark Miles Select for Business card is a no-annual-fee version of the Spark Miles card, earning 1.5X miles per dollar spent on all purchases. It also offers 5X miles per dollar spent on rental cars and hotel rooms booked through Capital One Travel.

With the Spark for Business cards, businesses can earn rewards on their purchases and transfer those miles to 15+ travel partners. This can be a great way to redeem miles for travel, such as flights, hotels, and vacation packages.

Transfer

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Transferring your rewards miles can be a great way to get more value out of your points. You can transfer Capital One miles to 15 airline loyalty programs, including British Airways Executive Club and Emirates Skywards.

One of the best things about transferring miles is that you can get a 1:1 transfer ratio, meaning you get the same number of miles in your airline loyalty program as you transferred. For example, if you transfer 1,000 Capital One miles to British Airways Executive Club, you'll get 1,000 Avios.

You can also transfer miles to hotel loyalty programs, including Choice Privileges and Wyndham Rewards. However, keep in mind that miles are worth half as much if booked with Accor hotels chain.

Here are some of the airline loyalty programs that Capital One partners with:

  • Aeromexico Club Premier
  • Air Canada - Aeroplan
  • Cathay Pacific - Asia Miles
  • Avianca LifeMiles
  • British Airways Executive Club
  • Emirates Skywards
  • Etihad Guest
  • Finnair Plus
  • Flying Blue
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Miles&Go
  • Turkish Airlines Miles&Smiles
  • Virgin Red
  • EVA Air - Infinity MileageLands

Keep in mind that transfer bonuses may occasionally let you transfer Capital One miles to one or more partner programs at an elevated rate.

Redeeming Rewards

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You can redeem your Capital One miles for a variety of rewards, including travel, gift cards, and cash back. The value of your miles depends on how you redeem them.

For travel, you can book flights, hotels, and rental cars through the Capital One travel portal at a rate of 1 cent per mile. You can also transfer your miles to airline and hotel loyalty programs at a 1:1 ratio. However, some partners offer lower redemption values, such as EVA Air's 2:1.5 ratio and Accor's 2:1 ratio.

You can also redeem your miles for gift cards to popular merchants like Applebee's, AutoZone, and Macy's at a value of 1 cent per mile. This can be a better use of miles than redeeming for cash back or through Amazon.

Here are some redemption options and their corresponding values:

Redemption OptionValue per Mile
Travel through Capital One portal1 cent
Gift cards1 cent
Cash back0.5 cents
Amazon0.8 cents
Experiences0.8 cents
PayPal0.8 cents

You can also redeem your miles to cover recent travel purchases made with your card, which are usually listed in your online account when you click "Cover travel purchases." Your miles are worth 1 cent each when you redeem them to cover recent travel purchases.

Ways to

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You can redeem your Capital One rewards in various ways, each with its own value and convenience.

You can redeem your rewards for cash, usually at a rate of 1 cent per mile, or get a statement credit or a check at a rate of 0.5 cents per mile.

Redeeming for cash or a statement credit is not the most rewarding option, as you'll get a lower value than using your miles for travel or gift cards.

You can also redeem your rewards for gift cards to popular merchants, such as Applebee's, AutoZone, and Macy's, at a value of 1 cent per mile.

Redeeming for gift cards can be a better option if you don't have any upcoming travel plans.

Here are some ways to redeem your Capital One rewards:

Redemption OptionValue per Mile
Cash or Statement Credit0.5 cents
Gift Cards1 cent
Amazon Purchases0.8 cents
Travel Purchases1 cent

Redeeming your Capital One rewards for travel purchases can be a great option, as you'll get a 1 cent per mile value and can cover recent travel purchases made with your card.

You can also use your Capital One miles to cover Amazon purchases at checkout, but be aware that you'll get a lower point valuation of 0.8 cents per mile.

Ultimately, the best way to redeem your Capital One rewards depends on your individual needs and preferences.

American Express Points

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American Express Membership Rewards is a premier transferable points program with more transfer partners than Capital One.

It has more points-earning options on its personal and business cards, such as the American Express Gold Card, which earns 4x points per dollar spent at restaurants worldwide (up to $50,000 per calendar year) and U.S. supermarkets (up to $25,000 per calendar year).

Many Membership Rewards-earning credit cards have higher annual fees than Capital One cards, which might be a consideration for some users.

The American Express Gold Card's 4x points earning at restaurants and supermarkets is a great perk for those who frequently dine out or shop at U.S. supermarkets.

Almost all Membership Rewards transfer partners transfer at a 1:1 ratio, making Membership Rewards points valuable for many users.

Take a look at this: American Express Award Travel

Other Ways to Earn and Redeem

You can earn Capital One miles through select credit cards, such as the Venture and Spark Miles families, which include cards like the Capital One Venture X Rewards Credit Card and the Capital One VentureOne Rewards Credit Card.

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These cards often offer an initial sign-up bonus, miles on most purchases, and anniversary bonus miles each year you renew your card. You can also convert Capital One cash back into miles if you have one of these cards.

If you have the Capital One Venture X Rewards Credit Card, you can easily use the $300 Capital One Travel credit each account anniversary year by booking flights through the travel portal, and the 10,000-mile anniversary bonus is worth about $185 based on TPG's valuations.

You can also redeem your Capital One miles for various options, such as redeeming for experiences through Capital One Entertainment at a redemption rate of 0.8 cents per mile, getting gift cards at a redemption rate of 0.8 to 1.067 cents per mile, or redeeming for cash at a redemption rate of 1 cent per mile.

Here are some ways to redeem your Capital One rewards:

  • Cash: Redeem your rewards in the form of a statement credit or a check.
  • Recent purchase: Use your rewards to get reimbursed for a recent purchase.
  • Gift cards: Redeem your cash back rewards as a gift card from restaurants, retailers and more.
  • Amazon: Pay for your Amazon.com orders by applying your rewards at checkout.
  • PayPal: Use your rewards balance as a payment method when checking out online by adding your rewards card to your PayPal wallet.
  • Experiences: Eligible cardholders can use rewards on tickets for sporting events, concerts and more through Capital One Entertainment.
  • Capital One Travel: Book a flight, hotel, vacation rental or rental car through Capital One Travel using your rewards.
  • Transfer miles to loyalty programs: Transfer your miles to more than 15 travel loyalty program partners.

Other Ways

If you have a Capital One card that earns miles, you can convert cash back rewards into miles. This means if you have a card like the Capital One Savor Cash Rewards Credit Card that earns cash-back rewards, you can convert your cash-back rewards into Capital One miles if you also have a card that earns Capital One miles.

Credit: youtube.com, Capital One Miles: EVERY Way to Redeem (and Which Is Best)

You can earn Capital One miles through select credit cards, specifically those in the Venture and Spark Miles families. The Capital One Venture X Rewards Credit Card offers an initial sign-up bonus, miles on most purchases, and an anniversary bonus of 10,000 miles each year you renew your card.

There are several ways to redeem Capital One miles. You can redeem miles for experiences, such as sports and concert tickets through Capital One Entertainment, at a redemption rate of 0.8 cents per mile. This is one of the lower redemption values, but it can still be a good option for those who want to use their miles for experiences.

You can also redeem miles for gift cards, which usually have a redemption rate of 0.8 to 1.067 cents per mile. If you request a statement credit or a check, you can redeem miles for cash at a redemption rate of 1 cent per mile. Additionally, you can apply miles when checking out with PayPal or Amazon at a redemption rate of 0.8 cents per mile.

Here are some other ways to redeem Capital One miles:

  • Redeem for experiences: 0.8 cents per mile
  • Get gift cards: 0.8 to 1.067 cents per mile
  • Redeem for cash: 1 cent per mile
  • Redeem with PayPal: 0.8 cents per mile
  • Shop with Amazon: 0.8 cents per mile

As you can see, there are many ways to redeem Capital One miles for at least 1 cent each, so you can choose the option that best fits your needs.

Citi

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Citi's ThankYou Points currency is worth a look, especially if you're over 5/24 and want to take advantage of exclusive transfer partners such as Turkish Airlines Miles & Smiles.

Citi ThankYou Points are valued at 1.6 cents apiece, making them less valuable than Capital One miles.

You may want to check out Capital One before Citi, but only after you've exhausted your options for earning more valuable points currencies like Amex Membership Rewards or Chase Ultimate Rewards.

Enrolling in Citi's programs requires you to go through the Capital One website or mobile app, not through the normal Hertz Gold Plus Rewards enrollment process.

Additional terms apply to enrolling in these programs.

Here's an interesting read: Citi Thankyou Points Value

Sheldon Kuphal

Sheldon Kuphal

Writer

Sheldon Kuphal is a seasoned writer with a keen insight into the world of high net worth individuals and their financial endeavors. With a strong background in researching and analyzing complex financial topics, Sheldon has established himself as a trusted voice in the industry. His areas of expertise include Family Offices, Investment Management, and Private Wealth Management, where he has written extensively on the latest trends, strategies, and best practices.

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