Capital One Venture Card: How to Redeem Miles for Travel

The card offers the simplicity of earning 2 miles per $1 on all purchases, and easy options for cashing miles in.
Ben LuthiJul 20, 2021
Capital One Venture Rewards Credit Card: How to Redeem Miles for Travel Story

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The is a Nerd favorite for its outstanding sign-up bonus, high ongoing rewards rate and no-hassle redemption options.

But if you're unfamiliar with the , or want to compare it with other cards before applying, figuring out how to redeem rewards is likely top of mind. Here's a look at the process, along with other benefits of having the in your wallet.

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Racking up rewards with the is straightforward: Earn unlimited 2X miles per dollar on every purchase, whether it's a cup of coffee or a flight to Europe. You don't need to memorize bonus categories or go out of your way to maximize rewards. Each mile is worth $0.01 when redeemed for travel, giving you a rewards rate of 2%. Also, once you earn miles, they don't expire, as long as you keep your account open.

If you like the simplicity of earning rewards with the , you'll be happy to know that redeeming them is just as easy. After you log in to your account online, clicking on your rewards amount will show you two ways to redeem your miles for travel:

The feature works like this: To receive a statement credit on travel-related purchases, start by clicking on "Redeem Travel Purchases." Select any travel-related purchase you've made in the last 90 days — this can be anything from flights to taxi rides, as long as it's coded as "travel."

Enter the amount you want to redeem at $0.01 per mile; you can redeem for an entire travel purchase, or just a portion of one. For these transactions, there's no minimum redemption requirement. Then review your order before confirming.

Your statement credit will be applied within 2 to 3 business days after you submit your request.

If you don't have any past travel purchases, no problem. Capital One partners with Orbitz to allow you to use your miles to plan a future vacation. Click on "Book a Trip" to redeem your rewards on a future flight, hotel stay, car rental or vacation package at $0.01 per mile (there's no minimum number of miles needed to book with this method). Then choose your departure city, destination and travel dates to search for the right booking.

The drawback to using this platform is that you can't do a partial redemption, so you must have enough miles to cover the full cost.

You can also redeem your miles for gift cards, cash, charitable donations and non-travel statement credits, but many of these options value your miles at a half-cent each. If you want to get the most value out of your rewards, redeeming for travel is the way to go.

Holders of the also have the option of transferring miles to the frequent-flyer programs of Capital One's partner airlines. The issuer has .

The ’s uncomplicated rewards structure is just one reason you should consider applying for the card. Other highlights include:

All things considered, the is a serious contender for the top travel card crown. However, if you're still not convinced, compare it with some of the other  to determine if it's the best fit for your travel needs.

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