Of all the major credit card issuers, Capital One is one of the youngest. Introduced in 1994, it is over 100 years younger than many of its competitors, whose roots date back to the 19th century. Capital One Miles, its travel rewards program, is also newer than its competitors and offers great value to cardholders who know how to best redeem those points.
There are many ways to use Capital One Miles, but when converted to airline miles or hotel points and redeemed for travel or lodging expenses, it's often possible to achieve a value of two cents per mile redeemed.
Capital One value when booking travel
When Capital One first released itcard nameFirst and foremost, customers could redeem their miles for one cent each as a credit toward each travel purchase. This feature was called "Buy Eraser" and could be used to pay for travel expenses incurred in the last 90 days.
Value when transferred to Capital One partners
|Partner||transmission ratio||Mileage (cents)|
PartnerAeroplan (Air Canada)
Mileage (cents)1,5 - 2,0
Mileage (cents)1,7 - 2,0
PartnerBritish Airways (Avios)
PartnerFlying Blue (Air France-KLM)
PartnerTAP Air Portugal
PartnerAccor Live Limitless
Mileage (cents)2.2 (1.1 per Chapter One Mile redeemed)
Average point value per partner
Value when transferring Capital One miles to hotels
Capital One has two hotel transfer partners: Accor Live Limitless and Wyndham Rewards. Accor Live Limitless is the rewards program for Accor hotels, which includes over 50 brands such as Fairmount, Sofitel, Mövenpick and Swillhotel.
The Accor Live Limitless rewards program is extremely simple, offering a fixed value of 2.2 cents per point redeemed. Awards must be redeemed in increments of 2,000 points, which is approximately $44 for your stay. However, since Capital One miles transfer to Accor at a 2:1 ratio, you only get 1.1 cents of value per mile transferred this way.
Wyndham Rewards, on the other hand, offers a more traditional hotel rewards program with free nights at a rate of 7,500, 15,000 or 30,000 points per night across its many hotel brands, including La Quinta, Days Inn and Ramada. You can also redeem Wyndham Rewards on vacation rentals managed by many brands, including Vacasa.
When you redeem your points for a vacation rental, you pay 15,000 points per bedroom per night. This can be a great value, as many one-bedroom vacation rentals at ski slopes or beach resorts often sell for up to $300 per night. These bonuses can be as much as two cents per point when used this way.
How to Earn Capital One Rewards Points with Credit Cards
Capital One has seven different credit cards that offer Capital One miles. Among them are four cards for consumers and three for small business owners.
Thecard nameis an introductory travel rewards card offered to new applicantsbonus_miles_full. It also has aintro_apr_rate,intro_apr_durationIntroductory finance for both new purchases and balance transfers (regular annual rate applies thereafter).reg_apr, reg_apr_type). Earn 5x miles per dollar spent on hotels and car rentals booked through Capital One Travel. You also get unlimited 1.25 miles per dollar spent. There is oneannual feesAnnual fee for this card.
While most travel rewards cards are only offered to people with excellent credit, this version of the VentureOne card is for those who have had minor credit issues. The same terms as standard VentureOne apply, including unlimited 1.25 miles on all purchases and no annual fee. However, there is no sign-up bonus and no special financing offer.
With thecard name, You canbonus_miles_full. There are also 5x miles per dollar spent on hotels and car rentals booked through Capital One Travel.
You'll also earn unlimited double miles per dollar spent on all purchases. Price includes two complimentary airport lounge visits at Capital One lounges or other partner lounges. There is oneannual feesAnnual fee for this card.
card nameis Capital One's premium travel rewards card. New applicants canbonus_miles_full. When you spend regularly, earn 10x miles on hotels and car rentals booked through Capital One Travel and 5x miles on flights booked through Capital One Travel.
Earn double miles on all other purchases. Benefits include a $300 annual credit for travel booked through Capital One and a $100 credit toward the Global Entry or TSA PreCheck application fee. This card also gives you access to Capital One and Priority Pass Select lounges. There is oneannual feesYou pay an annual fee for this card and receive 10,000 bonus miles each year on your account anniversary.
This introductory small business travel rewards card offers new applicants 20,000 bonus miles if they spend $3,000 on new purchases within three months of account opening. It also offers featuresintro_apr_rate,intro_apr_duration.
Earn 5x miles per dollar spent on hotels and car rentals booked through Capital One Travel. You'll also earn an unlimited 1.5 miles per dollar spent. There is no annual fee for this card.
card name(2x miles)
Thecard nameallows applicantsbonus_miles_full. There are also 5x miles per dollar spent on hotels and car rentals booked through Capital One Travel. You'll also earn unlimited double miles per dollar spent on all purchases. The annual fee isannual fees.
Capital One Venture X Business Rewards-Ladekarte
This premium business card requires you to make all of your monthly payments in full or a 2.99% late fee will apply. Otherwise, conditions are similar to the Venture X card for consumers. Earn unlimited 2X miles on all purchases, plus 10X miles on hotels and car rentals and 5X miles on flights when you book through Capital One Travel.
You'll also get a $300 annual credit on travel you book through Capital One and 10,000 bonus miles each year to celebrate your account anniversary. This card also gives you access to airport lounges operated by Capital One and those lounges that are part of the Priority Pass Select network. There is a $395 annual fee for this card.
How to use Capital One miles
As with most premium travel rewards programs, there are many ways to redeem your Capital One miles.
Book through Capital One Travel
Capital One Travel is a full-service online travel agency offering flights, hotels and car rentals. You can redeem your Capital One miles for one cent for each trip you book this way.
Buy an eraser
With Capital One, you can book through any travel provider and pay for them with your miles. With this redemption, every Capital One mile is worth one cent.
You can redeem your Capital One Miles for gift cards at a number of national brands, including Best Buy, DoorDash, Lowe's and Starbucks. When you redeem your awards this way, you get 0.8 to 1.0 cents of value per mile you redeem.
While you can redeem your Capital One miles for cash back, this option offers the least value. Get just 0.5 cents per mile when you redeem cash back as a statement credit or check.
Buy with points through PayPal or Amazon
You can link your PayPal or Amazon account to Capital One and use your miles to pay for purchases. However, you will receive a value of 0.8 cents for each redeemed mile.
Transfers to travel partners
You can convert your Capital One miles into frequent flyer miles with 14 airline partners or points with two hotel rewards programs. The value you get from these transfers depends on how you redeem those points or miles. However, you can often get significantly more than a cent per mile redeemed if you transfer your awards in a targeted manner.
Capital One Reward compared to the competition
When it comes to credit cards that offer travel rewards programs, Capital One Miles has three major competitors:
Pursue the ultimate rewards
This program offers rewards on a variety of Chase cards, including the Sapphire Reserve, Sapphire Preferred and Ink Business Preferred. Points can be transferred to 14 airline and hotel partners. The strength of this program lies in some of the carrier partners not offered by competing programs, including United Airlines, Southwest Airlines and Hyatt Hotels.
American Express Membership Rewards
One of the oldest flexible travel rewards programs, it offers 20 flight and hotel partners. Unique options include Delta, ANA Airlines, and Hawaiian. You can also switch to Hilton Honors at a 1:2 ratio.
This program is offered by Citi Premier. And while you can earn Citi ThankYou points with Citi Double Cash, you can't transfer them to most flight and hotel partners unless you have Citi Premier. Among its most valuable transport partners, not offered by most of its competitors, are Turkish Airlines and Choice Hotels. In fact, you can transfer Citi ThankYou points to Choice Hotels at a 1:2 ratio.
Frequently Asked Questions (FAQ)
How do I convert Capital One points to dollars?
When you sign in to your Capital One account and select rewards, you'll be presented with the option to redeem your rewards for a check or statement. However, you only get 0.5 cents per mile redeemed.
How much are 50,000 Capital One points worth?
It all depends on how you redeem your points. Get only $250 when you redeem for cash. Get $400-$500 in value when redeemed for gift cards. Earn 1.0 cents per mile or $500 when redeeming for travel bookings through Capital One Travel or to pay for other travel bookings. However, if you convert your awards to airline miles or hotel points, you may earn pennies worth per mile redeemed.
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