![]() Most of the travel rewards cards require you to hit your bonus spending before taking advantage of free travel. ![]() Then, you can earn your signup bonus and retro-actively apply your miles to those initial purchases. Why is this such a good idea for those traveling ASAP? For those taking a trip in just a weeks, you can signup for a Capital One Venture Rewards Credit Card and use it for travel purchases right away. Another somewhat unique feature in the Capital One system is that you do not need to have earned the necessary miles before making a booking since you have 90 days from the date the charge posts to your account to make a redemption. Since you can make your purchases directly from travel providers, you can make bookings that qualify for elite credit / benefits and then apply your Capital One Rewards “miles” after the fact. Requests for a statement credit must be made within 90 days of the date your travel purchase posts to your account and can be done easily online. The easiest way to use Capital One Miles is to reimburse yourself for travel expenses put on the card. Purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares are generally considered to be travel purchases for the purposes of requesting a statement credit by redeeming Capital One miles (note that this is based on the merchant category code assigned to them by the merchant). It is possible to get even more value by transferring points to airline partners. Below are the current Capital One cards that earn Capital One miles.Ĭapital One “miles” are worth 1 cent each when redeemed to cover travel purchases. The easiest and quickest way to earn Capital One “miles” is through Capital One® Venture® and Capital One® Spark® Miles credit card welcome offers. Capital One Shopping portal: desktop, standalone app, and browser extension (no Capital One card required)Įarning Capital One “Miles” Earn Capital One Miles from credit cards.Earn Rewards through Capital One Shopping and Capital One Offers.Capital One Entertainment experiences (baseball games, concerts, and more).Step 5: Choose the amount and complete the transfer.Step 4: Enter your loyalty account information.Step 2: Scroll down and click “Use My Miles”.Step 1: Log into your credit card account.Earn Capital One Miles from credit cards. ![]() No waiting for billing cycles or next month’s statement.īelow, you’ll find everything you need to know about Capital One Miles. Once you meet your required spending, those miles show up right away. Then, once you hit your bonus, you can redeem miles retroactively for travel purchases.ģ) You earn your bonus ASAP when your spending requirement is reached. If your trip is just a few weeks away, you can use your card immediately for travel purchases before hitting your bonus. Using miles to reimburse yourself for travel expenses you put on a Venture card is a fairly easy process.Ģ) Your free travel can be felt immediately. In addition to being used to cover travel purchases or transferred to partners, Capital One Miles can be redeemed for gift cards or converted to cash back (Note: cash back redemptions are a horrible value).įor a beginner, I like Capital One Miles for three reasons.ġ) They are the easiest to redeem. Miles can be earned via credit card bonuses, and ongoing spend and cashback can be converted to miles if transferred to a miles-earning card. Capital One’s “Miles” rewards compete directly with other transferable points programs such as Chase Ultimate Rewards, Citi ThankYou Points, and Amex Membership Rewards.Ĭapital One Miles can be redeemed for $0.01 each toward travel purchases or transferred 1:1 to most airline and hotel partners. Furthermore, Capital One makes it very easy to combine rewards between your cards or even between cardholders. In addition to Capital One’s long-popular ability to cover travel charges with points, Capital One miles cards feature 1:1 transfers to a range of valuable airline and hotel partners. Capital One Miles has become a premier transferable currency system over the past several years.
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