The Capital One VentureOne miles are worth 1 cent each when redeemed for travel. For example 10,000 Capital One VentureOne miles are worth $100 towards travel expenses that show up on your Capital One VentureOne statement or when used to book accommodations on Capital One’s travel portal.
To redeem Capital One VentureOne miles, log in to your online account or use the Capital One mobile app. There, you’ll be able to redeem your earned miles for travel expenses (either past travel purchases made within 90 days of redemption or future bookings), cash back (either through statement credits or checks), gift cards or transfers to Capital One partner airlines.
Ways to Use Capital One VentureOne Miles
If you wish to cover past travel expenses, you can redeem your miles to cover any travel purchase made with your Capital One VentureOne within 90 days of the purchase.
You can also transfer miles to one of Capital One’s 10+ airline loyalty programs such as those from Air Canada and Air France KLM and receive up to over a penny per mile, depending on the airline, but keep in mind that transfer rates are subject to change.
If you choose to redeem miles for cash back, either as a statement credit or a check, Capital One VentureOne miles are worth half a cent each. You’ll also get around 1 cent per mile when you redeem for gift cards, but values will vary depending on the gift card.