Capitalone Offer Guide: Earn Miles and Cash Back Rewards

Capital One offers a variety of rewards programs that allow customers to earn miles and cash back on their purchases.

You can earn miles with Capital One's miles program, which rewards customers with points that can be redeemed for travel, gift cards, and other rewards.

Capital One's cash back rewards program offers a flat rate of 1% cash back on all purchases, with some cards offering higher rates in specific categories.

Some Capital One credit cards offer sign-up bonuses, which can be worth hundreds or even thousands of dollars in rewards.

To maximize your rewards earnings, it's essential to understand the terms and conditions of your credit card and use it in a way that aligns with your spending habits.

If you have a consumer credit card issued by Capital One in the U.S., you're eligible for Capital One Offers as long as your account is in good standing.

Business credit cards aren't eligible, unfortunately.

Cash-back-earning cards from the Savor and Quicksilver families are eligible for Capital One Offers, which can help you earn rewards.

Cards earning Capital One miles, such as the Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card, and Capital One Venture X Rewards Credit Card, also participate and can help you earn miles.

The Capital One Venture X Rewards Credit Card offers a generous rewards program that lets you earn miles on every purchase. You'll earn 2 points per $1 spent on every purchase, which is a great starting point.

If you book travel through Capital One Travel, you can earn even more miles. For example, you'll earn 10x miles on hotels and rental cars, and 5x miles on flights.

One of the best things about the Capital One Venture cards is that you can redeem your miles for travel, and they don't expire for the life of the account. This means you can use your miles to book any airline, anytime, anywhere with no seat restrictions or blackout dates.

Here are some key details about the rewards program:

The Capital One Venture X Rewards Credit Card also offers a sign-up bonus of 75,000 miles when you spend $4,000 on purchases in the first 3 months from account opening. This is a great incentive to sign up for the card, and it can be redeemed for travel.

Additionally, every year you renew the card, you'll get a bonus of 10,000 miles deposited into your account, which can help justify the annual fee.

The Capital One Venture X Rewards Credit Card offers a range of travel perks that can enhance your travel experience. You can get statement credits for up to $300 worth of travel booked with Capital One, which can offset the annual fee. This benefit is similar to the $300 annual travel credit on the Chase Sapphire Reserve, but with the added flexibility of booking through the Capital One Travel portal.

You can also use your travel rewards credit card to book any airline, anytime, anywhere with no seat restrictions or blackout dates. Miles don't expire for the life of the account, giving you flexibility and peace of mind. The card also offers TSA PreCheck/Global Entry statement credits, up to $120, for using the card to pay for these services.

In addition to these benefits, the card offers lounge access, including unlimited access to Priority Pass, Capital One lounges, and over 100 Plaza Premium lounges. The Capital One lounges are designed to cater to travelers' varying needs, with features like grab-and-go sections and separate areas for people who plan to spend a few hours there during a layover.

With the Capital One Venture X Rewards Credit Card, you can get statement credits for up to $300 worth of travel booked with Capital One, which could offset the annual fee.

You can earn this credit by booking travel through the Capital One Travel portal, where you can find a wide range of options.

The Capital One Travel portal is a convenient way to book travel, and you can use your miles to pay for your bookings.

The portal offers a variety of travel options, including flights, hotels, and more, so you can plan your trip with ease.

The Capital One Venture X Rewards Credit Card also offers a $300 annual travel credit, which is on par with the credit offered by the Chase Sapphire Reserve.

However, the Capital One credit only applies to bookings made through the Capital One Travel portal, while the Chase Sapphire Reserve credit applies to almost any travel charged to the card.

This means that if you want to maximize your travel credit, you'll need to book your travel through the Capital One Travel portal.

You can get a statement credit of up to $120 if you use the Capital One Venture X Rewards Credit Card to pay for your Global Entry or TSA PreCheck fee. This is a great perk for frequent travelers, as it can save you a significant amount of money.

The Capital One Venture X Rewards Credit Card also offers a statement credit of up to $100 for TSA PreCheck or Global Entry, which can be a huge time-saver at the airport.

Lounge access is a valuable perk for travelers, and the Capital One Venture X Rewards Credit Card offers unlimited access to Priority Pass, Capital One lounges, and more than 100 Plaza Premium lounges, including select Virgin Atlantic Clubhouses.

You can access these lounges with your card, and day passes to Capital One's lounges cost $90, although certain cardholders and their guests are entitled to discounts.

The Capital One lounges are designed to cater to travelers' varying needs, with features like grab-and-go sections for quick snacks or coffee, and separate areas for those who want to plug in and spend a few hours during a layover.

There are currently a few Capital One lounges open, including in Dallas-Fort Worth International Airport, Washington-Dulles, and Denver, with more on the way in New York and Las Vegas.

These lounges are largely equivalent in quality to AmEx's Centurion Lounges, which are more expensive to access.

Capital One offers a unique benefit for frequent visitors to mountain towns. You can get up to $300 off an annual membership with Gravity Haus, a social club with locations in popular ski areas like Breckenridge and Vail.

Gravity Haus amenities vary by location, but expect hotel rooms, equipment rentals, a cafe, a gym, group fitness classes, a spa, and co-working spaces. The discount will be applied over the course of the first membership term only, so you'll get $25 off the regular monthly price each month for a 12-month membership.

If you're a frequent visitor to mountain towns, you might find Gravity Haus membership to be a worthwhile deal, especially with the Capital One credit. This offer is only available through Jan. 19, 2024.

Capital One miles are also highly transferable, with 15 partners offering a 1:1 transfer ratio. Some of the best transfer partners include Aeromexico Club Premier, Air Canada Aeroplan, and Singapore Airlines KrisFlyer.

Capital One miles are more flexible than you might think, with 15 transfer partners offering a 1:1 transfer ratio. This means you can transfer your miles to these partners without losing any value.

One of the best transfer partners is Turkish Airlines Miles&Smiles, which offers a 1:1 transfer ratio. If you score a $500 one-way flight to Hawaii with only 10,000 Turkish Airlines miles, you'll get a 5-cent-per-mile value.

NerdWallet values Turkish Airlines miles at 1.1 cents each, making them a valuable redemption option. This is especially true for flights to Hawaii, where you can get a great value for your miles.

You can transfer your Capital One miles to a variety of airlines, including Air Canada Aeroplan, Air France/KLM Flying Blue, and British Airways Executive Club, all of which offer a 1:1 transfer ratio. This gives you plenty of options for redeeming your miles.

Here are some of the transfer partners with a 1:1 transfer ratio:

This list gives you a sense of the many options available for transferring your Capital One miles.

Gravity Haus offers a membership-based social club with locations in popular ski areas, including Breckenridge, Vail, and Winter Park in Colorado, as well as a location in Truckee, California, near Lake Tahoe.

You can get a statement credit of up to $300 when you commit to an annual membership with Gravity Haus through Capital One.

The discount will be applied over the course of the first membership term only, so you'll get $25 off the regular, non-discounted monthly price, each month, for a 12-month membership.

Membership levels include Explorer ($840 annually), Weekender ($1,200 annually), Local ($1,560 to $1,800 depending on the location), and All-In ($2,400 annually).

Even with the statement credit, you're still on the hook for a minimum of $540 for the lowest membership tier, so it's unlikely most cardholders will use this benefit.

This offer is only available through Jan. 19, 2024.

The Capital One Venture X Rewards Credit Card has a lower annual fee of $395 compared to other premium travel cards, which can be a good value for those who can maximize its benefits.

Most other premium travel cards have annual fees upward of $450, making the Capital One Venture X Rewards Credit Card a more affordable option.

The card's annual benefits, including $300 for Capital One Travel bookings and $100 worth of anniversary bonus points, can easily offset the annual fee.

You'll need to book some travel through the Capital One Travel portal to maximize the statement credits and miles you'll earn, which might limit your choices a bit.

The Platinum Card from American Express has its perks, but it's not without its downsides. One major limitation is that booking hotels with Membership Rewards points in the AmEx Travel Portal yields a value of 0.7 cents per point.

This is 0.3 cents less per point than a similar booking with Capital One miles through Capital One Travel. To qualify for the Platinum Card, you must have an existing U.S. Bank account open for at least five business days before applying.

Redeeming points on the Platinum Card can be done at a rate of 1.5 cents each through U.S. Bank, which is a decent value.

The Capital One Venture X Rewards Credit Card has a relatively low annual fee of $395, which is significantly lower than most other premium travel credit cards, with fees upward of $450.

This lower fee makes it a good value, especially when considering the annual benefits it offers, such as $300 in statement credits for Capital One Travel bookings and $100 worth of anniversary bonus points.

You'll need to book some travel through the Capital One Travel portal to maximize the statement credits and miles earned, but it might limit your choices a bit.

The lack of hotel partners and domestic airlines among the transfer partners may make this card less appealing to novice and/or domestic travelers.

However, for those willing to take a chance on a growing travel rewards program, the Capital One Venture X Rewards Credit Card can be a good way to enter the premium travel credit card space at a lower price point.

Comparing offers is crucial to making informed decisions, especially when it comes to rewards and savings. You can't stack Capital One Offers with other shopping portals, discount codes, or coupons, so it's essential to consider whether other offers are better.

Receiving a certain percentage back from a Capital One Offer might be less valuable than stacking several offers by shopping in a different way. This is because you can't combine Capital One Offers with other rewards or discounts.

To access Capital One Offers, log into your account and navigate to the main page, where you'll find a Credits for Shopping section with a few preview offers.

Click on View All Offers to see everything that's available. If you're using the Capital One mobile app, scroll to the bottom of the main page and follow the same steps.

Once you find an offer you want to use, click on Save Now and a new browser tab will open to start your tracked shopping trip. Make sure to click Continue to Merchant to ensure your shopping trip is properly tracked.

Your order will be reported back to Capital One, and a statement credit for the offer amount will be issued. Just be aware that statement credits can take up to 3 billing statements to appear.

All consumer credit cards issued in the U.S. by Capital One are eligible for Capital One Offers, as long as the account is in good standing.

Shopping with Capital One Offers is a great way to earn rewards on your purchases. You can earn up to 8% back at CVS.

You can also earn rewards at other popular retailers like Apple, where you can earn 3% back, and Bed Bath & Beyond, where you can earn 7% back.

If you're a fan of shopping at Gap, you can earn 5% back, and if you're a fan of fitness gear, you can earn 5% back at Lululemon.

Here's a breakdown of some of the specific stores where you can earn rewards:

Make sure to follow the links associated with the offers and keep the window open to ensure your transaction tracks with Capital One.