The Capital One Venture miles conversion rate is 1 cent per 1 mile when redeemed for travel purchases. Capital One Venture’s conversion rate is typically 0.5 cents per 1 mile when cardholders redeem for cash back. You can also convert miles to gift cards and more and rates for these options vary and are subject to change without notice.
Here are the Capital One Venture miles conversion rates:
Travel purchases – 1 cent per mile: You can use your miles to book flights, car rentals and hotels through the Capital One website. Alternatively, you can use Capital One’s "Purchase Eraser" feature to redeem your miles and receive an account credit for past travel purchases charged to your Capital One Venture. "Purchase Eraser" redemptions must be made within 90 days from the date the travel purchase posts to your account.
Cash back – 0.5 cents per mile: You can convert miles directly to cash back either in the form of a statement credit or a check.
Gift cards and merchandise – rates vary and are subject to change without notice: You can sign in to your Capital One online account to view mile conversion rates for gift card and other redemption options. Bear in mind that when you redeem your miles for gift cards, you must redeem in certain increments that correspond to gift card denominations
Transfer to Travel Loyalty Program – up to over 1 cent per mile: You can transfer your earned miles to Capital One’s 15+ travel loyalty programs such as those from Air France KLM, Air Canada and Emirates. You can view the different transfer ratios and their conversion rates by logging into your online account.
Capital One Venture miles are most valuable and very easy to use when converted into travel. And you can either use them toward future bookings or use the Purchase Eraser to redeem your miles as a statement credit for travel purchases made in the past 90 days.
Capital One Venture reward miles do not expire as long as your account is open. But if your account is closed for any reason, you will lose any rewards you have not redeemed.
You can now transfer Capital One Venture miles to over 15 Capital One airline partners. Those include JetBlue, Aeromexico, Air France KLM, Singapore Airlines and others.
To convert Capital One Venture miles to airline miles for these programs, log in to your account and click "Transfer Miles" on the right side of your screen. Enter your frequent flyer membership number, the number of miles you want to transfer, and click "Complete Transfer".
But it’s worth noting that at best, transfer ratios will vary according to each travel program, but are generally 2 Venture miles per 1 or 1.5 airline miles. Make sure you take that into account when deciding whether to redeem Venture miles directly or transfer them to a partner airline.
The Capital One Venture sign up bonus is 60,000 miles for spending $3,000 in the first 3 months.
Keep in mind that cash advances, balance transfers and fees are not considered purchases and will not count toward the signup bonus spending requirement. Cardholders who qualify will receive the bonus within 2 billing periods. The signup bonus is available only to new cardholders. You can redeem your Capital One Venture signup bonus miles for travel purchases, cash (statement credit or check) or gift cards.… read full answer
Once earned, bonus miles will never expire. But if you or Capital One closes your account, you will lose any unredeemed bonus miles.
Capital One Venture works by giving you 2 miles per $1 that you charge to your card. You can then redeem those miles for gift cards, cash back or travel expenses – with no blackout dates or restrictions. Although it’s nice to have options, there’s a catch hiding here. Capital One Venture’s double miles are worth half as much when redeemed for gift cards or cash.… read full answer
Each Capital One Venture mile is worth a penny when redeemed for travel. That gives you what amounts to 2% cash back on all the purchases you made to earn them. But they’re worth half a cent each, otherwise, leaving you with just 1% back.
That makes sense, considering how travel-oriented Capital One Venture is. But it’s certainly something to be aware of going in. On that note, there are a few other details that you should probably know about before submitting an application. They’re listed below.
Here’s how Capital One Venture works:
Initial bonus. 60,000 miles for spending $3,000 in the first 3 months.
Double miles on everything. Capital One Venture rewards you with 2 miles per $1 on every purchase.
Lots of flexibility. Many credit cards have blackout dates, seating restrictions and other limitations that block you from booking travel with points or miles. Capital One Venture doesn’t. You can pay for any travel-related purchase charged to your Capital One Venture with miles. You can also book travel through Capital One‘s Redeem Rewards Page, if you’re interested.
Travel redemption is the way to go. Your miles are worth 1 cent apiece when used to pay for travel but only half a cent each when cashed in for a gift card or cash back.
Annual fee. Capital One Venture costs $95 per year, just to have. If you use it regularly, that shouldn’t be an issue. Its bonus alone covers for years’ worth of annual fees.
Miles don’t expire. Miles won't expire for the life of the account and there's no limit to how many you can earn. But if your account is closed, you will lose any rewards you have not redeemed.
In conclusion, Capital One Venture offers plenty of spoils. But it requires responsibility on your part, too.
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:
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.”
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 per $1 spent, along with a 60,000 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 use the so-called purchase eraser to 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.
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