Capital One rewards can be used for statement credits, online shopping, gift cards, and booking travel through the Capital One website, among other options. Most Capital One credit card rewards come in the form of miles or cash back instead of points.
A few Capital One cards do offer points, such as the Bass Pro Shops® Credit Card and the Cabela's Credit Card. However, points earned with these cards can only be used for purchases at Bass Pro Shops, Cabela's, and their U.S. affiliates, including some boat centers, restaurants, and resorts.
What Capital One Rewards Can Be Used For
You can redeem Capital One cash back to cover the cost of any recent purchases, from the Redeem Rewards page. If you're spending miles, you can use them to cover recent travel purchases.
Booking New Travel
You can use Capital One miles to pay for travel though the Capital One website or over the phone. Your rewards can go toward the cost of flights, car rentals, and hotel reservations, for example.
Capital One offers a selection of gift cards for airlines, hotel chains, and merchants such as Apple and Amazon on their Redeem Rewards page.
You can redeem Capital One miles and cash back in the form of a check or statement credits.
You can add your Capital One credit card to your Amazon account and pay with miles or cash back at checkout. You can also use Capital One rewards as a payment method on any website that accepts PayPal, by linking your card to your PayPal Wallet.
Transfers to Travel Partners
Capital One miles can be transferred to participating airline and hotel loyalty programs.
Move Rewards Between Cards
If you have eligible Capital One cards, you can move rewards from one card to another. This allows you to turn cash back rewards into miles, for example. Eligible cardholders may also be able to transfer rewards to other people's Capital One credit card accounts.
Bass Pro Shops and Cabela's Purchases
Bass Pro Shops and Cabela's CLUB points are worth 1 cent each and you can only use them to pay for new purchases at Bass Pro Shops, Cabela's, and their affiliates. CLUB points can't be redeemed for cash or a statement credit against past purchases.
Capital One rewards don't expire as long as your account remains open and in good standing, so you have plenty of time to decide on the best redemption option. But keep in mind that miles and points can be subject to rewards devaluation over time, so you should redeem those as often as possible.
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