Chip Lupo, Credit Card Writer
1,000 Capital One miles are worth an average of $7, depending on how you redeem them. Capital One miles are worth the most when redeemed for travel, but you can also redeem for a statement credit, a check or gift cards, among other options.
To redeem Capital One miles for travel, log into the Capital One Travel portal and book flights, hotel rooms or rental cars. Alternatively, you can spend miles to cover recent travel charges on your card using the Purchase Eraser feature. You can also transfer your miles to one of Capital One’s travel partners, usually at a 1:1 ratio.
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Capital One miles are worth between 0.5 cents and 1 cent each, depending on what you spend them on. They do not expire as long as your account remains open and in good standing, but you should still redeem them as often as possible to avoid rewards devaluation.
You can learn more from WalletHub’s full review of the Capital One Miles Rewards program.
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