Capital One miles are worth 1 cent each when redeemed for travel, 0.8 cents each when redeemed for gift cards and 0.5 cents each when redeemed for cash back. That means 20,000 Capital One miles are worth $200 in travel or $100 in cash back.
Capital One Miles Value
Travel Purchases: 1 cent per mile.
Redeeming your miles for travel is easy and you have two options: You can use your miles to erase past travel-related purchases, or to book upcoming trips. To redeem your miles for recent travel purchases, log on to your Capital One account and click on the “Rewards Miles” section of your account summary. Select “Cover Your Purchases,” and all of your travel expenses from the last 90 days will appear. Then select whichever ones you want to redeem miles for.
To book travel using your miles, select the “Book a Trip” option, and it’ll take you to Capital One’s travel portal where you can book flights, hotels, and vacation packages directly, using your miles.
Gift cards: 0.8 cent per mile.
You can get gift cards from most major retailers. Denominations vary by store.
Cash back: 0.5 cent per mile.
You can redeem your Capital One miles in the form of a statement credit or a check.
So, keep in mind that using your miles for gift cards or as a statement credit to cover non-travel purchases diminishes the value of your mile; each mile being worth half a cent when redeemed for gift cards or non-travel credits. When it comes to Capital One credit cards with miles, you’ll get the most value when redeeming your miles for travel.
Ultimately, you can check out our editors' latest picks for the best travel credit cards on the market and see which one better suits your needs.
No, Capital One rewards never expire. But if your credit card account is closed, you will lose any rewards you have not redeemed. This applies to all types of rewards, whether miles, points or cash back.
Many rewards programs have points that expire due to inactivity but you're safe with … read full answerCapital One Rewards. Capital One offers rewards credit cards that cater to a variety of needs, so you can rest assured you’ll have enough time to redeem them as long as you keep your account open. If you’re ever concerned about points expiring, or somehow losing your rewards because you failed to make an on-time payment, call the number on the back of your card.
You can easily redeem Capital One Venture miles through the Capital One website, mobile app or customer service phone line. What’s unique with this card, though, is that you can redeem miles either before or after you pay for your travel expenses. You can also redeem miles for gift cards and other non-travel rewards, but you’ll get half the value if you do that.… read full answer
Here’s how to redeem Capital One Venture miles online:
Choose your redemption method. The options are: “Redeem travel purchases,” “Book a trip,” “Get gift cards,” “Get an account credit,” “Get a check by mail,” and “Transfer Rewards.”
Follow the instructions for the option you’ve chosen.
So, Capital One Venture’s redemption process is one of its major perks. Plus, with 2 miles per $1 spent, along with a 60,000 miles initial bonus, miles build up fast. It’s also useful to note that you can redeem through the Capital One app, too. Just log in with the same user name and password, click “Redeem Rewards” at the bottom, and select one of the options.
Here are the options for redeeming Capital One Venture miles:
Redeem travel purchases: 1 cent per mile
Capital One shows you what travel expenses you’ve made in the past 90 days, and you can use your miles to “erase” some or all of the cost from your credit card statement.
Book a trip: 1 cent per mile
The Capital One travel booking tool is powered by Orbitz, so you should have access to most major airlines, hotels and rental car companies.
Get gift cards: 0.5 cent per mile
90 stores are represented, including Bed Bath & Beyond, Lowe’s, AMC and Best Buy. Gift cards for as little as $10 are available for many stores. But the denominations vary by store.
Get cash back: 0.5 cent per mile
You can get a deposit into your checking or savings account or receive a check by mail. You can also set up automatic cash redemption when you reach a certain number of miles.
Transfer miles: Value depends on the partner
If you have another Capital One Venture or other travel rewards credit card account, you may be able to transfer your rewards to it.
The most convenient part about redeeming Capital One Venture miles is that you don’t have to decide to use them before making a purchase. You can use the so-called purchase eraser to pay for any type of travel expense charged to your card in the last 90 days. Capital One isn’t stingy about what it considers travel, either. It includes everything from hotels, airlines and cruises to Airbnb and Uber. That flexibility, combined with Capital One Venture’s top-notch rewards value, makes it one of the best cards available to frequent travelers.
How much 40,000 miles are worth depends on the airline or credit card you earn them from and when you book your flight. On average, 40,000 miles are worth about $400. But it can vary widely. For example, 40,000 AAdvantage miles are worth roughly $456 in American Airlines airfare. With United, 40k miles get you $416 in flights. And 40k Delta miles are worth $532.… read full answer
Here’s how much 40,000 miles are worth by airline:
Credit card miles that aren’t tied to a particular airline typically get you a penny each. But how you redeem your miles is really important, too. For example, the Capital One Venture Card’s 50,000-mile initial bonus is worth $500 when used for travel but just $250 when redeemed for cash.
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