Capital One also allows cardholders to redeem their rewards as cash back (in the form of a mailed check or an electronic statement credit), although only at 0.5 cents per point. Using your points for travel typically yields the most value for your rewards but it’s not the only option. Eligible purchases from the last 90 days will show as redemption options in your online Capital One account. To use this feature, the transaction must be classified by the merchant as a qualifying travel category, such as airfare, hotel stays or a cruise. After the purchase is posted to your account, you can reimburse yourself for the purchase by redeeming miles at a fixed rate of 1 cent each. Travelers who prefer not to use the Capital One Travel Center can also redeem miles by purchasing travel directly with airlines, hotels and other travel providers and paying with their eligible card. Redeem Miles Toward Previous Travel Purchases You can then redeem against the purchase, getting the best of both worlds. Keep in mind that it’s better to charge your credit card for Travel Center purchases, because you will earn miles on the purchase. You can also book non-chain hotels or other forms of accommodation, ranging from bed and breakfasts to boutique hotels and even some short-term apartments. This allows you to fully customize your trip and work around inventory restrictions that come with traditional awards. Since the Travel Center isn’t affiliated with specific airlines or hotels, you’ll have access to your choice of airlines and properties, including those that aren’t direct transfer partners. When redeeming points this way, you’ll get a flat 1 cent per point in value. However, when you use the Capital One portal, you’ll be able to make payment via your rewards. The Capital One Travel Center is an online travel agency (OTA), which works similarly to the interfaces you’re already familiar with at sites like Expedia or Priceline.

The option still exists today, providing customers a surefire way to redeem their rewards without a dose of frustration on the side. Use the Capital One Travel CenterĬapital One’s original claim to fame was using miles to book travel through their dedicated booking engine at a flat rate, with no blackout dates or other hassles. Otherwise, you will be better off redeeming your Capital One rewards through the other methods detailed below.

Many miles transfer instantly but it’s possible to have a three to five day wait time to see your rewards in the transferred program.īefore you transfer rewards to a loyalty program, ensure you’re getting at least 1 cent per point in value. Since all transfers are final, it’s important to have a specifically intended use for your rewards before initiating the transfer.Īlthough transferring rewards to partner programs offers incredible flexibility, it also means the value of your rewards is highly variable depending on how you redeem your newly-transferred miles.

Occasional transfer bonuses improve these ratios. Others work out to 2:1.5 or 2:1, meaning your rewards won’t stretch quite as far. Transfer rates vary by partner, with most at a 1:1 ratio, meaning 1 Capital One mile is equivalent to 1 point or mile with the travel loyalty program. Capital One Transfer PartnersĬapital One rewards can be transferred to more than a dozen airline and hotel partners. This versatility means you’ll always have an option that works for you. While you won’t get the same redemption values when choosing non-travel awards, Capital One also allows cardholders to redeem miles for cash back, gift cards or purchases. Cardholders can choose between transferring to more than a dozen partner loyalty programs or redeeming miles toward travel at a fixed rate to avoid blackout dates and other limitations. Like many flexible currencies, Capital One miles provide the highest redemption values when redeeming rewards toward travel. $300 annual credit toward travel with Capital One, 10,000 annual anniversary points and Priority Pass lounge membershipħ5,000 miles once you spend $4,000 on purchases within 3 months from account openingĥ miles per dollar on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchasesĬredit toward Global Entry or TSA PreCheck applicationĬapital One VentureOne Rewards Credit CardĢ0,000 miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travelĥ miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase Capital One Venture X Rewards Credit Cardħ5,000 bonus miles after spending $4,000 on purchases within the first three months of account openingĢ miles per dollar on all eligible purchases, 5 miles per dollar on flights booked through Capital One Travel and 10 miles per dollar on hotels and rental cars when booking via Capital One Travel

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