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, transfer miles to Partner Airlines and more. 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 Capital One Travel. 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.
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.
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.
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.
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. … read full answer
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:
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. You can also transfer miles to partner travel programs, though the value per mile differs depending on the partner.
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.
Cash back: 0.5 cent per mile. You can redeem your Venture miles in the form of a statement credit or a check.
Share Your Rewards: You can help a friend or a family member by transferring your miles to them, if they have a Venture card, getting them closer to their destination.
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.
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