What does Capital One rental car insurance cover?

Capital One credit card travel insurance covers car rentals and lost, damaged, or stolen luggage. It also covers you for death and injury when you travel as a passenger. You’re covered only if you make your travel purchases with a Capital One card.

Benefit availability and coverage limits vary among Capital One cards. Benefits may also differ depending on whether your Capital One card is on the Mastercard or Visa network. If you have a Capital One Visa Signature card, you’ll enjoy benefits such as travel concierge service, roadside assistance, and other travel perks in addition to what your Capital One card offers. Refer to your card’s Guide to Benefits for details.... read full answer

Here are the Capital One credit card travel insurance benefits:

• Car rental insurance. Covered for damage and theft for up to 31 days when you purchase the entire rental on your Capital One card. Must also decline the rental agency’s insurance. Coverage includes towing to the nearest body repair shop. Covers most cars up to the full cash value. Vehicles not covered include, but not limited to trucks, motorcycles, RVs and luxury vehicles.
• Travel accident insurance. Covers the cardholder and immediate family up to $250,000 if a travel accident causes death or dismemberment. Must pay for travel fare with a Capital One Visa Signature card to be covered. Policy covers accidents while traveling on a “common carrier.” Includes airplanes, trains, boats, buses, and other motorized vehicles or crafts.
• Lost luggage reimbursement. Checked or carry-on luggage is covered up to $3,000 if lost, damaged, or stolen. Covered only for fares purchases with an eligible Capital One card. Items not covered include, but not limited to money and credit cards; eyeglasses and contact lenses; artwork; cell phones; and motor vehicles, equipment, and accessories.

Capital One credit card travel insurance can save you hundreds, if not thousands of dollars if an unforeseen event occurs while you’re traveling. Familiarize yourself with the terms of your benefits and confirm that you’re covered before you pay.

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:

1. Log into your account on either Capital One’s website.
2. Click on your rewards balance.
3. 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.”
4. 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 / $1 spent, along with a 75,000 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 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:

1. Lufthansa: $916
2. Southwest: $616
3. JetBlue: $572
4. Delta: $532
5. American: $456
6. United: $416

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.