A Traveler’s Information To Capital One Miles

If you happen to’re in search of a main instance of how a bank card rewards program can offset journey prices and maximize worth, look no additional than Capital One miles. This rewards program is user-friendly, versatile and presents quite a few useful redemption choices.

On this information we’ll take a more in-depth have a look at what Capital One miles are, how one can earn and redeem them, which bank cards earn Capital One miles and all the pieces else you want to learn about this rewards program.

Capital One miles fundamentals

Capital One miles are what you earn in Capital One’s bank card rewards program. With this program, you’ll earn miles on all qualifying purchases, which you’ll then redeem for journey or non-travel choices. The variety of miles you’ll earn varies relying on the cardboard you’ve gotten, however a number of Capital One playing cards assist you to earn extra miles for sure forms of journey purchases.

Who’s the Capital One miles program finest for?

The Capital One miles rewards program is finest for individuals who journey incessantly and would relatively earn and redeem versatile journey rewards as a substitute of money again. Those that have a couple of Capital One bank card will even probably profit from this program.

The way to earn Capital One miles

Many individuals don’t reap the benefits of the complete potential of their journey rewards playing cards as a result of the method could be complicated and overwhelming. Fortunately, incomes miles towards your subsequent flight or resort keep is straightforward with Capital One.

Make purchases with eligible bank cards

To earn miles, merely use one of many Capital One bank cards that earns them. These playing cards embody the next:

With these Capital One playing cards, there’s no restrict to the variety of miles you may earn. Irrespective of which card you’ve gotten, you’ll earn miles on all purchases you make.

Earn an eligible bank card’s welcome bonus

All the above-mentioned Capital One playing cards except the Capital One VentureOne Rewards Credit score Card for Good Credit score provide welcome bonuses for brand spanking new cardholders. Meaning you’d get the prospect to earn hundreds of additional miles so long as you meet sure spending necessities.

For instance, you may earn 75,000 miles after spending $4,000 inside the first three months from account opening for the Capital One Enterprise X. Or, you may earn 50,000 miles after spending $4,500 inside the first three months with the Capital One Spark Miles for Enterprise.

Pool collectively rewards from different playing cards

When you’ve got a couple of bank card within the Capital One ecosystem, then you definitely might be able to maximize your rewards even additional. By pairing a Capital One journey rewards bank card with an eligible money again bank card, you may convert your money again into miles if you switch them to your journey rewards card. Money again could be transferred at a fee of 1 cent:1 mile, so it’s deal total.

For instance, let’s say you pair the Capital One Enterprise X with a money again card just like the Capital One SavorOne Money Rewards Credit score Card. If you happen to earn $200 in money again annually along with your SavorOne, you may convert that to twenty,000 miles so as to add to your Enterprise X whole.

The way to redeem Capital One miles

To redeem your Capital One miles, comply with these steps:

1. Log in to your account. This may be executed through the web site or Capital One cellular app.
2. Click on on the “Discover Rewards & Advantages” part. On the cellular app, you’ll see a tab on the high labeled “Redeem” which can checklist all of the methods you may redeem your rewards. On the web site, these choices will probably be proven on the “Dwelling” tab.
3. Select your redemption possibility. If you wish to transfer your miles to a different card as a substitute, select “Transfer Rewards”

Listed here are all the methods you may redeem your Capital One miles:

Redeem for journey purchases

One of the simplest ways to redeem Capital One miles is for journey purchases, together with transfers to Capital One journey companions. By means of the Capital One journey portal, you may redeem your miles for flights, resort stays, automotive leases, trip packages and extra. Alternatively, you may redeem your miles to cowl qualifying journey purchases made along with your card inside 90 days of buy.

Redeem for transfers to journey companions

Capital One has greater than 15 airline and resort companions you may switch your rewards to. As with reserving journey by means of Capital One Journey, this is likely one of the finest methods to redeem your rewards, because you’ll often get much more worth out of your miles.

Notice that Capital One miles transfers can take as much as 5 enterprise days to course of, however vacationers on a time crunch usually are not out of luck. A number of Capital One journey companions provide instantaneous transfers, whereas others take 24 to 36 hours (relatively than 5 enterprise days).

Redeem for present playing cards

If you happen to don’t need to use your miles for journey, you can even redeem them for present playing cards to standard retailers. Some retailers embody Apple, Finest Purchase and Barnes & Noble.

Redeem for money again

You can even select to redeem your miles for money by means of the “money” part of the redemption portal. Money again could be redeemed within the type of a press release credit score, account credit score or test. Nonetheless, understand that this isn’t one of the best ways to make use of Capital One miles because you’ll get far much less worth out of this redemption technique.

Redeem for occasion tickets

An alternative choice is to redeem your miles for tickets to all kinds of occasions — together with sports activities, eating and music occasions — by means of Capital One Leisure. Once more, the worth of the rewards isn’t as sturdy this fashion.

Redeem for PayPal or Amazon purchasing

If you wish to redeem your miles for on-line purchasing purchases, you’ve gotten two choices: PayPal or Amazon. With PayPal, you’ll store with a collaborating service provider and select the choice to checkout with PayPal. Then, you’ll select your linked Capital One card and pay with Capital One miles.

Procuring with Amazon follows an analogous course of. First, you’ll hyperlink your eligible Capital One card to its Store with Factors program. Then, you’ll store on Amazon and select the choice to pay with Capital One miles.

How a lot are Capital One miles price?

The baseline worth for Capital One miles is 1 cent every, however they are often price as much as about 1.7 cents every when transferred to a high-value journey associate, based on valuations from Bankrate. In fact, the way you select to redeem your rewards finally determines the worth of your rewards.

How do Capital One miles examine to different applications?

Bankrate’s valuation for Capital One miles falls into the mid- to high-range for bank card rewards applications. For comparability, right here is how Capital One miles stack up towards factors from different high bank card rewards applications when these factors are redeemed with high-value switch companions:

Capital One miles switch companions

Transferring miles to Capital One switch companions is a simple, simple course of — nevertheless it’s additionally an irreversible one. Once you switch your miles to a loyalty associate, you received’t have any solution to get them again, so be sure you solely switch what you’re planning on utilizing. Listed here are the airline and resort loyalty applications you may switch your miles to:

The underside line

The Capital One miles program is user-friendly, versatile and straightforward to know. You may earn miles rapidly on eligible purchases made with a Capital One journey card of your selection. Plus, there aren’t any particular classes you’ll want to recollect for incomes rewards and there’s no cap on the variety of rewards you may earn. As for redeeming miles, the sky’s the restrict — your subsequent flight, resort keep or trip could possibly be coated simply by utilizing your Capital One journey card.

If you happen to’re unsure whether or not incomes Capital One miles is the suitable transfer for you, think about trying out different journey bank cards and their rewards applications earlier than you resolve.

*Details about the Capital One Spark 1.5X Miles Choose and the Capital One VentureOne Rewards for Good Credit score has been collected independently by Bankrate. The cardboard particulars haven’t been reviewed or authorized by the cardboard issuer.

FAQs about Capital One miles