You can redeem Capital One rewards by logging into your Capital One credit card account, either on their website or the Capital One mobile app, and clicking on the “View Rewards” button or the rewards total at the top of the page. From there, you’ll see a list of rewards redemption options.
The exact options depend on which Capital One credit card you have, but some common things you can do with your rewards include getting gift cards, erasing specific purchases with Capital One’s “purchase eraser,” or redeeming for cash back as a statement credit or paper check. You can also transfer your rewards to another Capital One credit card account.
Capital One Venture and VentureOne miles can be redeemed for travel booking through the Capital One portal, or to “erase” eligible travel purchases made in the past 90 days – from plane tickets to rideshare charges. Capital One calls that the “purchase eraser.” You can also redeem your miles for gift cards, for cash back as a statement credit or a check, or you can transfer your miles to another Capital One account or an outside travel loyalty program.
Capital One Quicksilver and QuicksilverOne rewards can be redeemed as a statement credit or for gift cards. You can also use them to “erase” any purchases made in the past 90 days, or share your rewards with another Capital One account (yours or someone else’s).
Capital One Savor and SavorOne rewards are redeemable as a statement credit, for gift cards, or to “erase” specific purchases made on your card in the past 90 days.
Capital One Journey Student Credit Card rewards can be redeemed for cash back (as a statement credit or a check), gift cards, or credits toward previous purchases.
Capital One gives customers with cash back credit cards – Quicksilver, QuicksilverOne, Savor, SavorOne, and Journey – the option to set up automatic cash back redemptions when their rewards balance reaches a certain amount (with options starting at $25). You can also set up annual rewards redemption.
To set up auto-redemption, go to the Capital One rewards redemption page while you’re logged in, and click on the “Rewards Settings” tab. You can choose to redeem for statement credits or paper checks in the mail.
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