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Guide to Capital One Miles

Last Updated, July 20, 2021

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When it comes to maximizing travel rewards, Capital One miles after often overshadowed by more well-known travel programs like Chase Ultimate Rewards and American Express Membership Rewards. However, because of Capital One's "purchase eraser" feature, Capital One miles are some of the easiest travel rewards there are to redeem. Simply swipe you card for purchases, and then you'll have 90 days to "erase" eligible purchases from your account using your rewards.

Plus, there's also the option to transfer miles to travel partners, and if you have another Capital One miles-earning card, you can even pool all the miles you've earned with your cards into one account making it easy to quickly accumulate the rewards needed to redeem for travel.

WHICH CREDIT CARDS EARN CAPITAL ONE MILES?

Capital One offers miles on both its Venture and Spark credit cards. Venture cards are intended for consumers while Spark is a line of products for businesses. Regardless of which cards you use, miles can be pooled together for redemption purposes.

Here's a closer look at each card:

Capital One Venture Rewards Credit Card

  • Earn a one-time bonus of 60,000 miles once you spend $3,000 on purchases within three months from account opening, equal to $600 in travel
  • Earn unlimited two miles per dollar spent on all purchases
  • Receive up to a $100 statement credit when you use your Venture card to apply for Global Entry or TSA PreCheck
  • No foreign transaction fees
  • $95 annual fee
  • Read our full Capital One Venture Rewards Credit Card review

Capital One VentureOne Rewards Credit Card

  • Earn 20,000 bonus miles after spending $500 within three months of opening an account
  • Earn unlimited 1.25 miles per dollar spent on all purchases
  • Enjoy intro 0% APR on purchases for 12 months (then 15.49% - 25.49% (Variable) )
  • No foreign transaction fees
  • No annual fee
  • Read our full Capital One VentureOne Rewards Credit Card review

Capital One Spark Miles for Business

  • Earn 50,000 bonus miles after spending $4,500 within three months of opening an account
  • Earn five miles per dollar spent on hotel and car rental bookings through Capital One Travel
  • Earn two miles per dollar spent on all other purchases
  • Receive up to a $100 statement credit when you use your card to apply for Global Entry or TSA PreCheck
  • No foreign transaction fees
  • $0 intro for first year; $95 after that
  • Read our full Capital One Spark Miles for Business review

Capital One® Spark® Miles Select for Business

(This card is not currently available on CardRatings)

  • Earn 20,000 bonus miles after spending $3,000 within three months of opening an account
  • Earn five miles per dollar spent on hotel and car rental bookings through Capital One Travel
  • Earn 1.5 miles per dollar spent on all other purchases
  • Enjoy a 0% APR on purchases for 9 months (then 14.49% - 22.49% (Variable))
  • No foreign transaction fees
  • No annual fee
  • Read our full Capital One® Spark® Miles Select for Business review

HOW TO REDEEM CAPITAL ONE MILES

Capital One offers a number of flexible mile redemption options. These include redeeming miles for a statement credit, gift cards or travel. You can even use miles to shop on Amazon. The most popular – and usually the most valuable – options for redeeming Capital One miles though are to use the "purchase eraser" tool to cover a purchase, or to transfer miles to a travel loyalty program.

capital one redemption options

Capital One purchase eraser

As noted above, covering a purchase with the "purchase eraser" tool is one of the easiest ways there is to redeem rewards. In the rewards redemption center simply select "redeem now" in the "cover purchases" section and you'll be presented with a list of eligible transactions and how many miles are required for redemption. Just choose which costs you'd like to erase and you'll be credited that amount back to your account. It's essentially like the purchase never happened!

capital one redemption options

Usually this tool is only good for travel purchases, but through April 30, 2021 miles can also be redeemed for dining and streaming transactions. Don't fret once this offer expires though. Capital One's definition of travel is extensive. Whereas some travel cards only allow you to redeem miles for things like hotel or airline expenses, Capital One allows you to erase everything from campsite bookings to Airbnb rentals to train tickets. Capital One miles can be used to cover almost any travel purchase you make.

Capital One travel partners

Though it's usually easiest to use miles to erase travel purchases, Capital One does have numerous airlines partners and one hotel partner who may offer a better redemption value if you transfer your miles directly to their rewards program.

Currently Capital One is partnered with:

  • Accor Live Limitless
  • Aeromexico Club Premier
  • Air France KLM Flying Blue
  • Air Canada Aeroplan
  • Alitalia MilleMiglia Program
  • Asia Miles
  • Avianca LifeMiles
  • British Airways Avios
  • Choice Hotels (coming later this year)
  • Emirates Skywards
  • Etihad Airways Etihad Guest
  • EVA Air Infinity MileageLands
  • Finnair Plus
  • JetBlue TrueBlue
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Air Portugal
  • Turkish Airlines Miles&Smiles
  • Wyndham Rewards

To transfer miles to a travel partner, choose "redeem now" in the "convert rewards" section of the redemption page. You'll then be redirected to a page of available loyalty programs. Once you choose which loyalty partner you'd like to transfer miles to you'll be asked for your membership information with that particular partner, and proceed from there.

Transferring Capital One miles

If you'd like to transfer miles between your various Capital One mile-earning accounts, or to another person, select "redeem now" in the "move rewards" section of the rewards redemption page. From there you'll have two options:

Where do you want to move your rewards?

    1. One of your accounts – choose which account and the amount you'd like to transfer
    2. Someone else's Capital One account  - please note, this option cannot currently be completed online. For now you must call Capital One to complete this request.

It's also important to note that you cannot transfer rewards between cash-back and miles-earning cards. So if you have say, the Capital One Quicksilver Cash Rewards Credit Card and the Capital One Venture Rewards Credit Card, you cannot transfer rewards between accounts as the Capital One Quicksilver is a cash-back credit card.

CAPITAL ONE VENTURE MILES REDEMPTION CHART

As previously stated, the value of your Capital One miles will depend on how you redeem them. The company doesn't publish a redemption chart and values may change without notice, but here's an idea of what you can expect using the Capital One Venture Rewards Credit Card as an example. 

Capital One Venture Miles Redemption Options Chart

Capital One Travel Partner Transfer Values

If you decide to transfer your miles to one of Capital One's travel loyalty programs, be aware that the value of your rewards will vary depending on which partner you choose. Keep in mind though that since no two rewards programs are the same, a lower transfer ratio doesn't necessarily mean it's a lesser value. The Areomexico Club Premier program features a 1-to-1 transfer ratio, for example, meaning 1,000 Capital One miles gets you 1,000 Aeromexico premier points. Emirates Skywards, on the other hand, has a 2-to-1 transfer ratio, meaning 1,000 Capital One miles are equal to 500 Skywards miles. It's always possible though that 500 Skywards miles will get you further than 1,000 Aeromexico premier points. Just be sure to do the research with your preferred partner before making any final transfer decisions.

The great news is that Capital One recently improved the transfer ratios for several of their existing airline and hotel partners, as well as added new partners, furthering the value of your Capital One rewards. We break down the various travel partners along with their respective transfer ratio values below.

chart showing capital one travel partner transfer values

DO CAPITAL ONE MILES EXPIRE?

No, Capital One rewards do not expire so long as your account remains open. However, once you close an account you will lose any rewards not yet redeemed. With that said, be sure to redeem your miles before closing an account, or, if you have more than one miles-earning Capital One card, transfer your miles to the account that will remain open so that you don't lose your rewards.

Disclaimer: The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

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