38000 Capital One miles are worth up to $266 when redeemed for Travel. You can also redeem Capital One miles for a statement credit, a check or gift cards, among other options, though the redemption value will likely be lower.
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.
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.
Capital One Venture miles are worth 1 cent each when you redeem them for travel expenses. For example, you can either use miles to pay for travel-related purchases that appear on your bill or book travel with miles through Capital One. But each Venture miles is worth just half a cent or less each when redeemed for gift cards or cash back.… read full answer
It makes sense that Capital One Venture Rewards miles are worth the most when redeemed for travel. It’s a travel rewards credit card, after all. And there are clues everywhere, from “Venture” being part of its name to the fact that it offers rewards in the form of miles. So it’s pretty straightforward: full value if you use the card as intended, half as much if you want the flexibility of cash. But continue reading if you’d like more details on all of the redemption options.
Here’s how much Capital One Venture miles are worth:
Travel purchase “eraser”: 1 cent. You can use miles to pay for travel expenses once they appear on your bill, instead of using money from your bank account.
Travel booking tool: 1 cent. You can book airfare, hotels and rental cars through Capital One and pay with miles.
Cash back: Half a cent. You can opt for either a statement credit or a check in the mail.
Gift cards: Half a cent. Gift cards from 80+ retailers are available. They range from Amazon.com and Applebee’s to Walmart and Wa wa.
Donations: Half a cent or less (if available). In the past, Capital One has let you redeem miles for a charitable donation. But that option isn’t available right now. And I don’t know when (if) it will return.
Although Capital One provides a few different options for redeeming your Venture Rewards miles, they’re worth most when used for travel. So if you don’t plan to travel enough to make good use of the miles you earn, look for a card with cash back rewards instead.
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.… read full answer
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 redeem your miles and receive an account credit for past travel purchases charged to your Capital One Venture. 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 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.
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.
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