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Transferable bank card rewards are particularly priceless due to the various methods you’ll be able to redeem them. You is perhaps conversant in rewards like Chase Final Rewards factors and American Specific Membership Rewards factors. However, one other transferable reward foreign money that may provide vital worth to some vacationers is Capital One miles.
Capital One miles are interesting for a lot of causes. For instance, a number of Capital One playing cards that earn miles earn greater than 1 mile per greenback spent on all purchases. And one Capital One card that earns miles solely requires good credit score. Plus, you need to all the time be capable to get at the least 1 cent per mile whenever you redeem — and you might get considerably extra worth if you happen to use Capital One’s switch companions.
So, right here’s every little thing you must learn about Capital One miles.
What are Capital One miles?
Capital One miles are the rewards you earn with choose Capital One playing cards, together with the Capital One Enterprise X Rewards Credit score Card and Capital One Spark Miles for Enterprise.
You possibly can redeem these miles in some ways, together with transferring to pick airline and resort loyalty applications, redeeming for journey e-booked by way of the Capital One journey portal and redeeming to cowl current journey purchases.
Associated: Who ought to (and shouldn’t) get the Capital One Enterprise X card?
Tips on how to earn Capital One miles
You possibly can earn Capital One miles by way of choose bank cards. Particularly, most Capital One bank cards provide an preliminary sign-up bonus whenever you open a brand new card and meet the desired spending necessities to earn the bonus. You’ll additionally earn miles on most purchases, and a few playing cards even provide anniversary bonus miles every year you renew your card.
Though Capital One affords many various bank cards, the Capital One playing cards that earn miles are these within the Enterprise and Spark Miles households. Right here’s a fast take a look at these playing cards and who they’re finest for:
- Capital One Enterprise X Rewards Credit score Card: Finest for incomes Capital One miles if you happen to’ll use the $300 Capital One Journey credit score every account anniversary yr ($395 annual charge; see charges and charges)
- Capital One Enterprise Rewards Credit score Card: Finest for incomes Capital One miles ($95 annual charge; see charges and charges)
- Capital One VentureOne Rewards Credit score Card: Finest for incomes Capital One miles with out paying an annual charge ($0 annual charge; see charges and charges)
- Capital One VentureOne Rewards for Good Credit score: Finest for incomes Capital One miles with good credit score ($0 annual charge; see charges and charges)
- Capital One Enterprise X Enterprise: Finest enterprise card for incomes Capital One miles if you happen to’ll use the $300 Capital One Journey credit score every account anniversary yr ($395 annual charge; see charges and charges)
- Capital One Spark Miles for Enterprise: Finest enterprise card for incomes Capital One miles with a sub-$100 annual charge ($0 introductory annual charge for the primary yr, $95 after that; see charges and charges)
- Capital One Spark Miles Choose for Enterprise: Finest enterprise card for incomes Capital One miles with out paying an annual charge ($0 annual charge)
The knowledge for the Capital One Spark Miles Choose card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
You possibly can convert Capital One money again into miles when you’ve got one of many above playing cards. Which means when you’ve got a Capital One card just like the Capital One SavorOne Money Rewards Credit score Card that earns cash-back rewards, you’ll be able to convert your cash-back rewards into Capital One miles if you happen to even have a card that earns Capital One miles.
I’ve the Capital One Enterprise X Rewards Credit score Card and plan to maintain it long-term because it affords perks that greater than offset its $395 annual charge (see charges and charges). In spite of everything, I simply use the $300 Capital One Journey credit score every account anniversary yr by reserving flights by way of the journey portal, and the ten,000-mile anniversary bonus is value about $185 primarily based on TPG’s valuations. However take a look at our Capital One Enterprise X card overview to study its many different priceless perks.
Associated: The perfect time to use for these in style Capital One bank cards primarily based on provide historical past
Capital One switch companions
Capital One companions with a number of airline and resort loyalty applications. You possibly can switch Capital One miles to those companion applications after which redeem by way of these loyalty applications if you want.
Right here’s a take a look at the present Capital One switch companions and the usual switch ratios:
- Accor Reside Limitless: 2:1 switch ratio
- Aeromexico Rewards: 1:1 switch ratio
- Air Canada Aeroplan: 1:1 switch ratio
- Air France-KLM Flying Blue: 1:1 switch ratio
- Avianca LifeMiles: 1:1 switch ratio
- British Airways Govt Membership: 1:1 switch ratio
- Cathay Pacific Asia Miles: 1:1 switch ratio
- Alternative Privileges: 1:1 switch ratio
- Emirates Skywards: 1:1 switch ratio
- Etihad Airways Visitor: 1:1 switch ratio
- EVA Airways Infinity MileageLands: 4:3 switch ratio
- Finnair Plus: 1:1 switch ratio
- Qantas Frequent Flyer: 1:1 switch ratio
- Singapore Airways KrisFlyer: 1:1 switch ratio
- TAP Air Portugal Miles&Go: 1:1 switch ratio
- Turkish Airways Miles&Smiles: 1:1 switch ratio
- Virgin Purple: 1:1 switch ratio
- Wyndham Rewards: 1:1 switch ratio
Switch bonuses might often allow you to switch Capital One miles to a number of companion applications at an elevated fee. Keep in mind, transfers are one-way: Transferring rewards again to Capital One miles is sort of all the time inconceivable when you’ve transferred them to a loyalty program.
Associated: Why transferable factors are value greater than different rewards
Tips on how to redeem Capital One miles
You’ll see a number of choices for redeeming Capital One miles in your on-line account.
You’ll sometimes get the very best worth whenever you switch your miles to airline and resort companions, however you too can get respectable worth when reserving by way of the Capital One journey portal or redeeming miles to offset current journey purchases. Listed below are your choices and the redemption worth every ought to present.
Redeem with airline and resort companions
As talked about above, you’ll sometimes get the very best worth out of your miles whenever you switch them to airline and resort companions by clicking “Convert rewards.” Within the earlier part, I listed the Capital One switch companions and the ratios at which you’ll switch Capital One miles to every companion.
Primarily based on TPG’s valuations, you’ll be able to anticipate to get about 1.85 cents per Capital One mile whenever you redeem with airline and resort companions. Nevertheless, the precise worth you get will depend upon which switch companions you employ and the sorts of awards you e-book with these companions. Take a look at our story on maximizing Capital One miles for some suggestions.
Associated: Tips on how to switch Capital One miles to airline and resort companions
Ebook by way of the Capital One journey portal
You may as well redeem miles at a fee of 1 cent per mile when reserving flights, accommodations and rental vehicles by way of the Capital One journey portal. Nevertheless, if you happen to e-book paid journey by way of the Capital One journey portal along with your Capital One card that earns transferable miles, you’ll be able to earn as follows:
- Enterprise X and Enterprise X Enterprise: 10 miles per greenback on accommodations and rental vehicles and 5 miles per greenback on flights booked by way of Capital One Journey
- Enterprise, VentureOne, VentureOne for Good Credit score, Spark Miles and Spark Miles Choose: 5 miles per greenback on accommodations and rental vehicles booked by way of Capital One Journey
As such, I like to recommend reserving paid charges as a substitute of redeeming Capital One miles whenever you e-book journey by way of the Capital One journey portal. Even if you wish to redeem miles to your flight, resort or automotive rental reserving, you’ll usually be higher off utilizing miles to cowl current journey purchases as a substitute of redeeming when reserving by way of the journey portal.
Associated: Do you have to switch Capital One miles to companions or redeem immediately for journey?
Cowl journey purchases
You possibly can redeem Capital One miles to cowl current journey purchases made along with your card. Capital One says eligible journey purchases often embody these you make with “airways, accommodations, rail strains, automotive rental businesses, limousine providers, bus strains, cruise strains, taxi cabs, journey brokers and time shares.” Nevertheless, whether or not a selected buy is eligible is dependent upon the service provider class code connected to the acquisition.
You’ll see any eligible purchases — that are journey purchases posted to your account within the final 90 days — listed in your on-line account whenever you click on “Cowl journey purchases.”
You possibly can decide to cowl your entire buy when you’ve got sufficient miles. Or, you need to use miles to cowl simply a part of the acquisition. Both approach, your miles are value 1 cent every whenever you redeem them to cowl current journey purchases.
Associated: Tips on how to redeem Capital One miles at a set worth
Different methods to redeem Capital One miles
As you may need seen within the screenshot above, cardholders have a number of different methods to redeem Capital One miles. Most of those different redemption choices provide decrease redemption values, so we don’t usually suggest utilizing them. However right here’s an summary of your different redemption choices:
- Redeem for experiences: You possibly can redeem miles for sports activities and live performance tickets by way of Capital One Leisure, often at a redemption fee of 0.8 cents per mile.
- Get reward playing cards: You possibly can redeem miles for reward playing cards, often at a redemption fee of 0.8 to 1.067 cents per mile.
- Redeem for money: You possibly can request a press release credit score or a verify to your tackle at a redemption fee of 1 cent per mile.
- Redeem with PayPal: You possibly can apply miles when testing with PayPal at a redemption fee of 0.8 cents per mile.
- Store with Amazon: You possibly can apply miles at checkout to your Amazon.com orders at a redemption fee of 0.8 cents per mile.
As you’ll be able to see, there are various methods to redeem Capital One miles for at the least 1 cent every. So, there’ll not often be a motive to redeem Capital One miles for something lower than 1 cent every.
Backside line
When touring abroad, I usually use the Capital One Enterprise X Rewards Credit score Card as my on a regular basis spending card. It doesn’t cost international transaction charges, I do know I’ll earn at the least 2 miles per greenback on all purchases, and I not often have points utilizing it. However, I additionally usually discover it helpful to have entry to Capital One miles when reserving award flights. So, I’m all the time pleased to earn extra Capital One miles on my on a regular basis purchases.
Now that you understand how to earn and redeem Capital One miles, I anticipate you may additionally perceive their worth — particularly if you happen to switch your miles to airline or resort companions.
