Transferable bank card rewards are particularly precious due to the various methods you’ll be able to redeem them. You is perhaps acquainted with rewards like Chase Final Rewards factors and American Specific Membership Rewards factors. However, one other transferable reward foreign money that may supply vital worth to some vacationers is Capital One miles.
Capital One miles are interesting for a number of causes. First, a number of Capital One playing cards earn at the very least 2 miles per greenback on all purchases. Second, it is easy to get at the very least 1 cent per Capital One mile if you redeem. And third, it is potential to get considerably greater than 1 cent per mile should you use Capital One’s switch companions.
So, this is the whole lot it’s essential find out 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 Rewards Credit score Card and Capital One Spark Miles for Enterprise.
You possibly can redeem these miles in some ways, together with by transferring to pick out airline and lodge loyalty packages, redeeming for journey booked by way of the Capital One journey portal and redeeming to cowl latest journey purchases.
Associated: Why the Capital One Enterprise Rewards bank card nonetheless has a spot in our wallets
The right way to earn Capital One miles
You possibly can earn Capital One miles by way of choose bank cards. Specifically, most Capital One bank cards supply an preliminary sign-up bonus if you open a brand new card and meet the desired spending necessities to earn the bonus. You may additionally earn miles on most purchases, and a few playing cards even supply anniversary bonus miles every year you renew your card.
Though Capital One provides many alternative bank cards, the Capital One playing cards that earn transferable miles are these within the Enterprise and Spark Miles households. This is a fast have a look at a few of these playing cards and their present welcome provides:
- Capital One Enterprise X Rewards Credit score Card ($395 annual price): Earn 75,000 bonus miles if you spend $4,000 on purchases within the first three months from account opening.
- Capital One Enterprise Rewards Credit score Card ($95 annual price): Earn 75,000 bonus miles after spending $4,000 on purchases throughout the first three months of account opening, plus a $250 Capital One Journey credit score within the first cardholder 12 months.
- Capital One VentureOne Rewards Credit score Card (No annual price): Earn 20,000 bonus miles when you spend $500 on purchases throughout the first three months from account opening.
- Capital One Enterprise X Enterprise ($395 annual price): Earn 150,000 bonus miles if you spend $30,000 within the first three months.
- Capital One Spark Miles for Enterprise ($0 introductory annual price for the primary 12 months, then $95 after): Earn a one-time bonus of fifty,000 miles when you spend $4,500 on purchases throughout the first three months of account opening.
Each day Publication
Reward your inbox with the TPG Each day publication
Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants
The present limited-time welcome supply on the Capital One Enterprise Rewards Credit score Card is value mentioning. In comparison with the usual supply normally accessible on this card, it provides an extra $250 Capital One Journey credit score within the first cardholder 12 months.
You possibly can convert Capital One money again into miles when you have one of many above playing cards. So, when you have a Capital One card just like the Capital One Savor Money Rewards Credit score Card that earns cash-back rewards, you’ll be able to convert your cash-back rewards into Capital One miles should you even have a card that earns Capital One miles.
Associated: One of the best time to use for these well-liked Capital One bank cards primarily based on supply historical past
Capital One switch companions
Capital One companions with a number of airline and lodge loyalty packages. You possibly can switch Capital One miles to those associate packages after which redeem by way of these loyalty packages.
This is a have 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 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
- JetBlue TrueBlue: 5:3 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 Pink: 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 associate packages at an elevated price. However do not forget that transfers are one-way: Transferring rewards again to Capital One miles is nearly all the time unattainable as soon as you have transferred them to a loyalty program.
Associated: Why transferable factors and miles are value greater than different rewards
The right way to redeem Capital One miles
You may see a number of choices for redeeming Capital One miles in your on-line account.
You may usually get the perfect worth if you switch your miles to airline and lodge companions. However, you may also get respectable worth when reserving by way of the Capital One journey portal or redeeming miles to offset latest journey purchases. Listed below are your choices and the redemption worth every ought to present.
Redeem with airline and lodge companions
As talked about above, you may usually get the perfect worth out of your miles if you switch them to airline and lodge companions by clicking “Switch rewards.” Within the earlier part, I listed the Capital One switch companions and the ratios at which you’ll be able to switch Capital One miles to every associate.
Based mostly on TPG’s February 2025 valuations, you’ll be able to anticipate to get 1.85 cents per Capital One mile if you switch to airline and lodge companions after which redeem by way of these packages. Nevertheless, the precise worth you get will depend upon which switch companions you employ and the varieties of awards you e book with these companions. See our story on maximizing Capital One miles for some suggestions.
Associated: The right way to switch Capital One miles to airline and lodge companions
Guide by way of the Capital One journey portal
You may also redeem miles at a price of 1 cent per mile when reserving flights, motels and rental vehicles by way of the Capital One journey portal.
Nevertheless, should you 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 5 or 10 miles per greenback relying in your card and the kind of journey you buy. As such, I like to recommend reserving paid charges as a substitute of redeeming miles if you e book journey by way of the Capital One journey portal.
Even if you wish to redeem Capital One miles on your flight, lodge or automobile rental reserving, you may normally be higher off utilizing miles to cowl latest 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 straight for journey?
Cowl journey purchases
You possibly can redeem Capital One miles to cowl latest journey purchases made along with your card. Capital One says eligible journey purchases normally embody these you make from “airways, motels, rail strains, automobile rental companies, limousine companies, bus strains, cruise strains, taxi cabs, journey brokers and time shares.” Nevertheless, whether or not a selected buy is eligible will depend on the service provider class code hooked up to the acquisition.
You may see any eligible purchases — that are journey purchases posted to your account within the final 90 days — listed in your on-line account if you click on “Cowl journey purchases.” You need to use miles to cowl the complete buy or simply a part of it. Both manner, your miles are value 1 cent every if you redeem them to cowl latest journey purchases.
Associated: Capital One Enterprise Rewards vs. Capital One Enterprise X: Value the additional $300 in annual charges?
Different methods to redeem Capital One miles
As you might need seen within the screenshot above, cardholders have a number of different choices for redeeming Capital One miles. Most of those different redemption choices supply decrease redemption values, so we do not usually suggest utilizing them. However this is an outline of your different redemption choices:
- Redeem for experiences: You possibly can redeem miles for sports activities, music, comedy and theater tickets by way of Capital One Leisure, normally at a redemption price of 0.8 cents per mile.
- Get present playing cards: You possibly can redeem miles for present playing cards, normally at a redemption price of 0.8 cents per mile.
- Redeem for money: You possibly can request a press release credit score or a test to your tackle at a redemption price of 0.5 cents per mile.
- Redeem with PayPal: You possibly can apply miles when testing with PayPal at a redemption price of 0.8 cents per mile.
- Store with Amazon: You possibly can apply miles at checkout on your Amazon orders at a redemption price of 0.8 cents per mile.
Earlier within the article, we mentioned a number of methods to redeem Capital One miles for at the very least 1 cent every. So, there’ll hardly ever be a motive to redeem Capital One miles for something lower than 1 cent every.
Backside line
Now that you know the way to earn and redeem Capital One miles, I anticipate you may additionally perceive their worth — particularly should you switch your miles to airline or lodge companions.
