To transfer Capital One VentureOne miles to travel partners, cardholders must first log in to their Capital One account and go to the rewards redemption page, then select “Transfer Your Miles.” People with the Capital One VentureOne Card can transfer miles to travel partners such as Aeromexico, Air France KLM, and Accor Live Limitless.
How to Transfer Capital One VentureOne Miles
Log in to your Capital One VentureOne account online.
Navigate to the Capital One Venture Rewards page.
Select “Transfer Your Miles” as the redemption option.
Follow the steps to transfer your Capital One VentureOne miles to a travel partner.
Keep in mind that some travel partners may offer more value for your miles than others. Also, remember that Capital One transfers will require a minimum of 1,000 miles, and that all transfers to travel partners must be in increments of 100.
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 … read full answeronline 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 15+ 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.
How to redeem your Capital One VentureOne miles online:
Log in to your account on the Capital One website or your mobile app.
Click on your rewards balance.
Choose your redemption method: You can choose between covering your previous travel purchases, booking a trip, redeeming for checks, statement credits or gift cards, transferring your rewards to a partner loyalty program, or sharing your rewards with another Capital One account.
Follow the instructions for the chosen option.
Capital One VentureOne redemption options:
Cover your travel purchases: Use the “Purchase Eraser” to get reimbursed for eligible travel purchases (such as airline, hotels, trans, car rentals, etc.) made in the past 90 days. You will receive statement credits within 2 to 3 days after redemption.
Book a trip: Search for flights hotels, or car rentals and use your miles to pay for your travel.
Cash: You can redeem your miles in the form of a statement credit or a check. Statement credits are generally posted to your account within three business days from redeeming them and checks are mailed to your address within three business days and should arrive within three weeks.
Transfer miles: You can transfer your miles to one of Capital One’s 15+ travel loyalty programs. Miles are worth different amounts depending on the loyalty program you choose to transfer your miles to.
Share miles: If you or an acquaintance have another Capital One VentureOne card or another eligible rewards card, you may be able to transfer your rewards to it.
Capital One VentureOne offers new cardholders 20,000 miles for spending $500 in the first 3 months. Plus, it earns unlimited 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 1.25 miles per $1 on all other purchases and has a annual fee. Miles don’t expire and there’s no limit to how many you can earn, so the Capital One VentureOne card makes for an excellent travel companion. Just bear in mind that your Capital One VentureOne miles will be worth more when redeeming them for travel.
To combine credit cards, start by calling your card issuer to request merging the accounts. Some card issuers also allow you to combine credit cards online. If the card issuer approves the request, you should end up with one credit card with the combined total credit limit of both original cards, as well as their combined outstanding balance. You will have to choose which card you want to keep, though – one of the accounts will be closed when you combine them. Also, the cards you want to combine must be from the same card issuer – … read full answertwo Capital One cards or two American Express cards, for example. Both credit cards must be issued to the same person, too.
But not all card issuers allow combining credit card accounts, and some will only allow it on a case-by-case basis. People in online forums have reported that some issuers require the accounts to have been open for a certain amount of time before they’ll let you combine them. It’s certainly not a well-known feature among card issuers – likely because it’s not in high demand among cardholders.
Reasons to combine credit cards
There are a few reasons why someone would want to combine credit cards. For one, people who have a lot of credit cards might want to combine some so they don’t have to keep track of so many due dates. Second, combining two balances and credit limits into one big balance and one credit limit will keep both your credit utilization and your available credit intact. So it looks better on your credit report than simply closing a credit card would. Lastly, it’s a good way to stop paying an annual fee on a credit card you no longer use.
The cons of combining credit cards
There are some potential downsides to combining credit accounts. The card you choose to close will be gone, along with its interest rate and rewards-earning potential. You may also lose any rewards you’ve been accumulating on that card – especially if the two cards you combine don’t share the same rewards currency. If you’re considering combining cards, it’s important that you ask your card issuer what will happen to any rewards you’ve earned on the card but not yet redeemed.
Another thing to consider is the age of the account you choose to close. If the card you close is one of your older credit accounts, your average age of credit will shrink, which will affect your credit score. That’s worth thinking about if you’re planning on using your credit score for anything important in the near future, such as buying a home or taking out an auto loan.
How to combine credit cards from different card issuers
Those looking to consolidate multiple credit cards from different card issuers will not have much luck combining credit card accounts. But you can combine amounts owed across those cards by doing a balance transfer or paying the debts with a debt consolidation loan.
A balance transfer is essentially paying one debt with a different, lower-APR credit card; and those come with their own fees and APRs. On the other hand, a debt consolidation loan pays off the debt, then you pay off the loan over time. Neither of these methods will result in a closed credit card account, which is good news for your credit score. You can close an account after the debt is paid if you want, but there’s no need to.
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