There’s no official Capital One Venture miles redemption chart. But that ‘s because you don’t need one. It’s not that complicated. Capital One Venture miles are worth a penny each when redeemed for travel and half that when redeemed for gift cards or a statement credit. Since Venture gives you double miles on every purchase, that means you’re getting 2% back when you redeem for travel and 1% back otherwise.
So it’s pretty easy to make your own Capital One Venture miles redemption chart. In fact, I’ll make one for you…
Here are your Capital One Venture miles redemption options:
1. Travel Purchases: 1 cent per mile
You can use Venture miles to book flights, hotels, rental cars, etc., on Capital One’s travel portal. Or you can use the “purchase eraser” tool to put miles toward expenses once they show up on your monthly statement.
2. Gift cards: 0.5 cent per mile
You can get gift cards from most major retailers, from Amazon to Walmart. Denominations vary by store, but you can get a gift card for as little as $10 or as much as $500.
3. Cash back: 0.5 cent per mile
You can get a credit toward your bill or a check in the mail.
4. Donations: 0.5 cent per mile (or less)
I don’t think this option is available right now, actually. But Capital One used to let you redeem miles directly for charitable donations. That’s nice and all, but why not just redeem for travel and then use some of your savings to give back?
As you can see, redemption is pretty simple. There’s no doubt how much Capital One Venture miles are worth (1 cent each for travel, or half a cent for cash). And all you have to do to use them is log into your Capital One online account, click on your rewards balance, and choose the redemption option you want.
These are all reasons why Capital One Venture is one of the best travel rewards cards around.