Need to save much more cash when reserving flights and inns along with your Capital One Enterprise Rewards Credit score Card?
TPG values Capital One miles at 1.85 cents every, per our March 2025 valuations, while you switch your miles to airline and lodge companions corresponding to British Airways, Turkish Airways and Wyndham Inns. However in the event you do not plan to switch your miles to considered one of Capital One’s 15-plus companions to maximise your rewards, here is a simple hack you should use.
With the Capital One Enterprise Rewards Credit score Card, you will earn 5 miles per greenback spent on inns, trip leases and rental automobiles booked by the Capital One Journey portal and a pair of miles per greenback spent on all different purchases.
As a limited-time provide, new cardholders can earn 75,000 bonus miles after spending $4,000 on purchases inside the first three months from account opening, plus a $250 Capital One Journey credit score to make use of within the first cardholder yr.
So, the place do further financial savings are available?
In the event you guide by Capital One Journey, you’ll be able to pay with miles at a set worth of 1 cent per mile or with money. For instance, for this keep in Miami, at checkout (not together with the lodge service price due at check-in), you will pay both $411.74 or 41,174 miles (a worth of 1 cent per mile).
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In the event you had been to redeem your miles at checkout, your card would by no means be charged; subsequently, you wouldn’t earn any extra rewards. Nevertheless, in the event you had been to pay along with your Enterprise Rewards card, you’d earn 5 miles per greenback spent on this buy. That interprets to 2,058 miles.
Since Capital One additionally enables you to cowl journey purchases out of your assertion inside 90 days of the acquisition date at a fee of 1 cent per mile, redeeming your rewards this manner permits you to earn miles in your spending.
Subsequently, as soon as this journey buy is posted to my account, I can nonetheless use 41,174 Capital One miles to take away it from my assertion as if my card was by no means charged. As a result of I initially bought my journey with money as an alternative of redeeming my miles, I am 2,058 miles richer. That is round a 5% rebate on my lodge reserving by the portal.
The draw back to doing this? You seemingly won’t earn lodge factors or be capable of use elite standing advantages on bookings made by Capital One Journey. It’s because the key lodge chains often require you to guide on to obtain these advantages. Nevertheless, flights booked by Capital One Journey usually earn miles as normal and are eligible for all elite standing advantages, so be sure you add your frequent flyer quantity earlier than you fly.
Subsequently, in the event you do not plan to switch your Capital One miles to companions however wish to redeem your rewards on inns, trip leases and rental automobiles, you’ll be able to guide by the Capital One portal and pay along with your bank card, incomes 5 miles per greenback spent. Then, redeem your miles at a fee of 1 cent per mile to successfully save 5% on all inns, trip leases and rental automobiles.
