No Hassle Miles: What Are Capital One Rewards Worth?

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What is a Capital One No Hassle Mile worth? NerdWallet estimates 1.00 cent.

Overall, Capital One No Hassle Miles are pretty decent. They have  a lot going for them, not least that their value is constant at ~1 cent no matter how many points you redeem. Many other rewards programs ask you to accrue, say, 10k points before getting them at full value. Also, you can use your points as a credit against travel expenses, so you can still use miles for tickets booked through discount sites, rooms at any hotel, or even inflight meals. Finally, the miles don’t expire so long as the account is active. One major downside is that you need to work pretty hard to figure out what you can do with a No Hassle Mile until you’re a cardholder – CapitalOne isn’t much for transparency.

Redemption Options

As we said above, CapOne’s a bit evasive about its No Hassle Miles program until you’ve already got a card. A login is required to view the redemption options, and the rewards program description is vague, but this is how we determined the 100-miles-per-dollar reward rate:

  • Travel – According to CapOne, “add two zeros to the price of your travel purchase, then trade in that number of miles to pay for it”. For example if your statement shows a $109 hotel bill, trade in 10,900 points. Or for a $224 plane ticket, trade in 22,400 points. You can either book the travel on your own, and then redeem points for a statement credit against your travel expenses, or you can book through Capital One’s Rewards program. Generally speaking, we prefer to find the cheapest flight first using sites like, rather than rely on a non-transparent travel agent.
    • Please note: there’s an old version of the Capital One No Hassle Miles program can apply to cards issued before November 2011. You can read more about that program here.
  • Gift Cards - Capital One has a very low minimum number of points you can redeem for gift cards. You can trade in 1,000 No Hassle Miles for a $10 Target, Amazon or Starbucks gift certificate, among others. The gift card collection is pretty extensive, including Barnes and Noble and the Ritz-Carlton. Across the board, there’s a redemption rate of 100 miles to the dollar, so you’ll still get your 2% if you spend your miles on gift cards.


Points do not expire until the account is closed. This puts it above Citi ThankYou Points and Chase Flexible Rewards Points (3 years till expiration) and Bank of America Worldpoints (5 years).

How best to earn them

The top-notch No Hassle card is the Capital One Venture, which earns 2 No Hassle Miles for every single dollar spent. It gives you the flexibility to fly on any airline, and you earn high rewards on all your purchases, not just on a specific airline.

Example image of Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card

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Apply Now on Capital One's secure website


  • High rewards rate
  • No foreign transaction fee


  • Has annual fee

Sign-up Bonus

Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel

Annual Fee

$0 intro for first year; $59 after that

Intro APR Promotions



  • APR: 12.9% - 22.9% (Variable)
  • Penalty APR: Up to 29.4% (V), Variable
  • Cash Advance APR: 24.9% (V), Variable

Card Details

  • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want-no blackout dates
  • Miles don't expire and there's no limit to how many you can earn
  • No foreign transaction fees
  • No annual fee for the first year; $59 after that
  • 100% free Capital One® Credit Tracker - see your monthly credit score anytime and get automatic alerts

The old Capital One No Hassle Miles program

The old Capital One program wasn’t as good as the current one – you had to redeem a set number of miles for travel expenses under a certain threshold. Here is the old redemption structure:

Cost of ticket Miles required
Up to $150 15000
$150.01-$350 35000
$350.01-$600 60000
$600.01 and above Cost of ticket times 100
  • bill

    I rather “guessed” that “miles” might be involved with redeeming travel miles, and was surprised to find out the “miles” card is merely and ONLY a cashback card with a lot of conditions called “hassle free”, when redeeming is anything but. Where has this “hassle free” language come from with Capital One? I have to settle for 6/10 of 1% cashback for simple redemption verses my other cards which are “hassle free” 1% cashback cards…

  • brycenesbittt

    A $10 Target GiftCard is now 2,000 miles. And travel purchases are on a bucket system that resulted in about a half cent per point. Finding nothing worth redeeming, I tried to donate, but apparently need to set up a different giving account (can you say “hassle”) to do so. The information above is almost completely wrong.

  • brycenesbittt

    The “no hassle” example above is wrong. If you have a $109 purchase you need to redeem at the 0-$150 level for 15,000 points.

    • NerdWallet

      Hi there, if you redeem for travel it should be a 1 cent to 1 point ratio, so you can use 10,900 miles to wipe out $109 of travel.

      • brycenesbittt

        Incorrect. I’m offered 15,000 miles for $109 travel expense. Non-travel expenses are worse. I can get you a screenshot from the members only area.

  • Mike Driehuis

    Use 1 ticket to pay for your purchase. I had a trip $1,182.38 and paid with 118,238 Miles .
    If I sued 10 tickets, it would cost me 150,000 miles.

    • Chari Baldwin

      Hi there,
      Did it work out when you used one ticket on the capital one website because I’m thinking about doing the same thing. Chari

  • Chris Timmer

    Here’s the table. Much better than cash rewards. Just need to have an expense near the top of the range to get the best value.

    Miles Needed

    For Travel That Costs…

    Up to $150 15,000 miles
    $150.01 – $350 35,000 miles
    $350.01 – $600 60,000 miles

  • Pat

    I had 18640 points on my cap one card–I could only redeem it for an account credit of $93.20–effectively 1/2% of the points. On my visa card I had 21,411 points and got an account credit of $214.11–or 1%. So, I plan to use my Visa, not my Capital one.

    • Sam

      You get 2 points per dollar with Capital One, whereas your other card is probably 1 point per dollar. That means that you’re getting 1% cash back when you choose a non-travel statement credit — it has to cut your point value in half because each dollar you spent gave you double the points.

  • Dan

    Yes, get the gift cards, DO NOT bother booking travel. I just found out that a trip I cancelled in May, using 105,000 points will now cost me an additional $1200 if I want to rebook the tickets!!! That is NUTS. A rountrip today on Orbitz is $208. So $624 for three tickets direct through Orbitz or $1200 plus 105,000 miles if I want Capital one to book it. Either way the 105,000 miles are gone.Even the Capital ones reward travel lady said it seemed crazy. I also had 95,000 miles worth of hotels booked in May that has vaporized. I just got my new AA advantage card in the mail from Citibank and it is in my wallet. I am just going to take the rest of my miles in gift cards. Jeez!

    • properthwacking

      Trips purchased using cash are also nonrefundable. I don’t know what you were thinking, Dan.

  • MF

    I was hoping you might be able to see the redemption rate to use the miles to purchase gift cards. The above article states there are Target gift cards, but I believe it’s quite old. Are Target or Walmart or Amazon gift cards available for purchase using mile, and if so, what is the redemption rate? I can’t, for the life of me, find something dated as current that shows the rewards.

    I appreciate your time and help!

  • Peter Hsu

    I actually just got off the phone with a repetitiveness and I was told that for new customers, you have to redeem in buckets again. Like the old program.

    I am sad to say this article is outdated.