How do capital one miles work

You'll need a minimum of 2, miles to redeem for a gift card, though. You can also use your Capital One miles for cash back in the form of a check or statement credit for a non-travel purchase. But cash-back redemptions cut the value of mile in half, meaning that miles are worth 0. You'll need a minimum of 5, miles for a cash-back redemption. There isn't a lot of fine print in the Capital One rewards program that could trip you up.

Also, if you pay your credit card bill late and are charged a late fee, you won't earn miles during the billing cycle that the late fee was charged. In this article. Capital One Spark Miles for Business. How to redeem Capital One Miles. Paying for travel. Transferring to loyalty programs. Accor ratio. Aeromexico ratio. Air Canada ratio. Air France-KLM ratio.

Avianca ratio. British Airways ratio. Cathay Pacific ratio. Emirates ratio. You can use your travel rewards credit card to book any airline, anytime, anywhere with no seat restrictions or blackout dates. You can also redeem your travel rewards for car rentals, hotels, ride sharing apps, cruises and more. Get automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare. Rent an eligible vehicle with your credit card and you can be covered for damage due to collision or theft.

Capital One Shopping is an online shopping tool that automatically applies available coupon codes to your order.

Learn more about Capital One Shopping. Now you can pay for Amazon. Learn more about how to use your rewards at Amazon. Use your Capital One rewards on eligible purchases at millions of online stores. Learn more about using rewards with PayPal. Get our best prices on thousands of trip options—even after you book. Plus, pay flexibly with your rewards, a card or both. Explore Capital One Travel. Relax and recharge away from the airport crowds with luxurious amenities and fresh, local food and beverage options.

Explore the Capital One Lounge. Benefit is not available on Visa Platinum cards. Capital One Shopping is free for everyone whether or not you have a Capital One credit card. Take dining to the next level with access to intimate dinners, curated cuisine and unique chef collaborations.

Check out upcoming events. Get in the game with access to VIP experiences, discounts and on-site perks. Snag tickets to some of the biggest concerts and music festivals and get access to perks like VIP packages, on-site cardholder lounges and more. Get notified via text, email, and phone if Capital One notices potential suspicious transactions on your account. Pay for online purchases with virtual card numbers and keep your actual card number to yourself. Learn more about Eno. Receive an alert if Capital One detects a potential mistake or unexpected charge like a potential duplicate purchase or a sudden recurring bill increase.

Learn more about CreditWise. With Card Lock, some activity may continue, including returns, credits, payments, interest, dispute adjustments, other account fees, purchase transactions during system downtime and certain other exempted transactions. Add an authorized user to your account and track spending by user. Learn more about authorized users.

They're the rewards points you can use in the Capital One Venture Rewards program, and the word "miles" is just the branding that Capital One uses. You can earn Capital One Venture Miles with either of the following credit cards:. If you have one of these cards, you'll earn miles on your purchases. Your miles also won't expire as long as your credit card is open.

If you transfer your miles to one of Capital One's travel partners, then their value will depend on how you use them after the transfer. You can also redeem miles for cash back, gift cards, or purchases with Amazon.

Click "View Rewards. This takes you to Capital One Travel, where you can book a flight, hotel, or rental car and pay using your miles. There are two advantages to using this method instead of booking a trip through Capital One Travel:. With this option, you can transfer miles to one of Capital One's travel partners. Transfer time ranges from just seconds to a few days.

With most partners, transfers process either right away or within 48 hours. Here are the partners, the transfer ratios for each, and the number of miles you'd get in each partner's loyalty program by transferring 1, Capital One Venture Miles:. This option takes you to Amazon, where you can link your Capital One credit card and redeem miles towards purchases. You can buy gift cards using Capital One miles from many different retailers. The minimum gift card amount and the value you get per mile varies by retailer.

You can request cash back as either a statement credit towards previous credit card purchases or as a check. Cash back credit cards are a much better choice if you're interested in this type of redemption. Capital One lets you transfer your miles at a ratio, either to another one of your own accounts or somebody else's account. If you have multiple Capital One cards, such as a personal card and a business card, this feature lets you combine all your miles onto one account.

Here's an example of how you can check which option gets you the most value for your points. That gives you two options:. In that case, a transfer would be a much better deal. With the option to either transfer your rewards or redeem them for cash travel purchases, you can book just about any type of travel you want with Capital One Venture Miles. It doesn't take long to get used to the rewards page in your online account, and once you do, you'll be able to cash in your miles and get plenty of value in the process.

Capital One Venture Miles are the type of rewards that you earn when you have a credit card in the Capital One Venture Rewards program. This rewards program offers several different ways to use your miles for travel purchases. Depending on the card, you could earn miles every time you make a purchase and you could also potentially qualify for a sign-up bonus. When you're ready to redeem Capital One Venture Miles, go to your online credit card account and click on the link to go to your rewards page.

From here, you can choose one of the options and proceed with the redemption process. The most important way to maximize Capital One Venture Miles is to only use them for travel redemptions. Other redemption options typically offer less value. Make sure you also check how much you'd spend if you booked it in cash using your miles, or if you transferred miles to a travel partner and booked that way.

Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking.