Do Capital One Venture miles expire?

Capital One miles are worth 1 cent each when redeemed for travel, 0.8 cents each when redeemed for gift cards and 0.5 cents each when redeemed for cash back. That means 20,000 Capital One miles are worth $200 in travel or $100 in cash back.

Capital One Miles Value

• … read full answerTravel Purchases: 1 cent per mile.

  Redeeming your miles for travel is easy and you have two options: You can use your miles to erase past travel-related purchases, or to book upcoming trips. To redeem your miles for recent travel purchases, log on to your Capital One account and click on the “Rewards Miles” section of your account summary. Select “Cover Your Purchases,” and all of your travel expenses from the last 90 days will appear. Then select whichever ones you want to redeem miles for.

  To book travel using your miles, select the “Book a Trip” option, and it’ll take you to Capital One’s travel portal where you can book flights, hotels, and vacation packages directly, using your miles.

• Gift cards: 0.8 cent per mile.

  You can get gift cards from most major retailers. Denominations vary by store.

• Cash back: 0.5 cent per mile.

  You can redeem your Capital One miles in the form of a statement credit or a check.

So, keep in mind that using your miles for gift cards or as a statement credit to cover non-travel purchases diminishes the value of your mile; each mile being worth half a cent when redeemed for gift cards or non-travel credits. When it comes to Capital One credit cards with miles, you’ll get the most value when redeeming your miles for travel.

Ultimately, you can check out our editors' latest picks for the best travel credit cards on the market and see which one better suits your needs.

You can use all major airlines with Capital One Venture Rewards Credit Card. Capital One Venture cardholders earn 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 2 miles per $1 on all other purchases. That includes airfare booked with any airline, and Venture miles can also be used to pay for flights on any airline – by booking through Capital One, transferring miles to … read full answerairline partners, or covering the cost of recent flights.

In fact, Venture miles are redeemable for nearly any travel purchase made anywhere. There are no blackout dates and no limits, either.

How to Redeem Capital One Venture Miles for Any Airline Purchase

1. Log in to your online account.
2. Click the “View Rewards” tab on your account page.
3. Choose “Book A Trip” to schedule new flights or select “Cover Travel Purchases” to get a statement credit for previous purchases. Alternatively, pick “Convert Rewards” to send miles to an airline loyalty program.

The redemption rate for booking new trips or covering travel expenses is 1 cent per mile. The value of transferred miles differs between Capital One’s airline transfer partners.

Exactly how you redeem credit card reward points varies by credit card company, but most credit card users can redeem reward points online through their account summary page. Some credit card issuers also let you redeem rewards over the phone. Credit card reward points may be redeemable for cash back, travel purchases, gift cards, and more, depending on the card.… read full answer

Once you redeem your credit card reward points, they’ll be subtracted from your rewards balance immediately and your account will be credited within 1-3 weeks, if applicable. In some cases, reward points will expire if you do not use them by a certain time.

Here's how to redeem credit card reward points:

1. Log in to your online account and head to “Account Summary.” Specifics will vary by issuer, but your rewards will usually be featured on a main account page.
2. Click on “Rewards Balance.” The exact wording may differ depending on the issuer. Once you click on your rewards balance, you’ll be taken to a page with your total amount of unredeemed rewards, and information about your redemption options.
3. Select how you’d like to redeem your rewards. You may be able to redeem reward points for travel purchases, cash back in the form of a check or statement credit, merchandise, or gift cards, depending on the rewards card.
4. Redeem your rewards. Once you redeem your credit card reward points, the points will be deducted from your rewards balance immediately. If you’re redeeming for statement credits or covering past purchases, your account will usually be credited within a week. If you redeem your points for gift cards or merchandise, you can expect them to arrive in the mail within 2-3 weeks.

While many rewards cards will let you choose from multiple redemption options, you’ll usually get the most value with one in particular. For example, travel rewards credit cards will often give you the most when you redeem your points for travel purchases, and your rewards may be worth less if you redeem them for cash back or gift cards.

On average, credit card reward points are worth 1 cent each. Most major credit card issuers, like Chase, Capital One and American Express, advertise that your points will not expire as long as your account remains open. But you should check the exact terms and conditions of your specific credit card to make sure you don’t lose any rewards you’ve earned.