Guide to Capital One Miles

Written by
Maryalene Laponsie
Terms apply; see the online credit card application for full terms and conditions of offers and rewards

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 75,000 miles once you spend $4,000 on purchases within three months from account opening, equal to $750 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 and balance transfers for 15 months (then 15.24% - 25.24% (Variable) )
  • No foreign transaction fees
  • No annual fee
  • Read our full Capital One VentureOne Rewards Credit Card review

Capital One Venture X Rewards Credit Card

  • Earn 75,000 miles after you spend $4,000 on purchases within the first three months of opening an account
  • Earn 10 miles for every $1 spent on hotels and rental cars through Capital One Travel and five miles for every $1 spent on flights booked via the portal - earn two miles for every $1 spent on all other purchases
  • Earn up to a $300 annual credit for bookings made on Capital One Travel
  • Receive up to a $100 statement credit when you use your card to apply for Global Entry or TSA PreCheck®
  • No foreign transaction fees
  • $395 annual fee
  • Read our full Capital One Venture X 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 14.24% / 20.24% / 24.24%)
  • 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, book a trip through Capital One Travel, 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 the "Cover Travel Purchases" option 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 cover purchases

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 travel  partners 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
  • Asia Miles
  • Avianca LifeMiles
  • British Airways Avios
  • Choice Hotels
  • Emirates Skywards
  • Etihad Airways Etihad Guest
  • EVA Air Infinity MileageLands
  • Finnair Plus
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Air Portugal
  • Turkish Airlines Miles&Smiles
  • Virgin Red
  • Wyndham Rewards

To transfer miles to a travel partner, choose 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 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 Travel portal

Depending on which Capital One credit card you have, there are a number of incentives for booking travel through the Capital One Travel portal. To start, Capital One recently announced that eligible cardholders who book a flight through Capital One Travel will soon have the option to cancel that flight for any reason, up to 24 hours before the scheduled departure, and receive most of the cost of the ticket back. Given how much uncertainty there's been surrounding travel the last couple of years, this is a nice benefit for cardholders who may be anxious about booking flights right now. 

An opportunity to earn bonus rewards is another perk of booking through Capital One Travel. For Venture and VentureOne cardholders, hotel and rental car bookings made through Capital One Travel earn cardholders 5X miles per dollar spent, while Venture X cardholders earn 10X miles on hotels and rental cars, and 5X miles on flights book through the portal. 

Additionally, Venture X cardholders can look forward to the following price protection benefits: 

  • Price prediction and alerts - Capital One uses AI-powered technology to predict prices. If it's not a good time for you to buy, set a price alert and Capital One will notify you when the price of your flight drops.
  • Price drop protection - If you book a flight when Capital One recommends, and that price later drops, you can receive a refund for all or part of the price difference (depending on the terms of the booking). 
  • Price matching - If you book your trip through Capital One Travel and then find a better price on another site within 24 hours, Capital One will refund the difference. 
  • Price freeze - Not quite ready to book? For a small fee you can freeze the price of a flight you find and enjoy some extra time to search without worrying about the price of that flight going up. 

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. With EVA Air, on the other hand, 1,000 Capital One miles gets you 750 Infinity MileageLands Miles. It's always possible though that 750 miles from EVA Air 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. 

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.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

top