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 Luthi
By Ben Luthi 
Updated
Capital One Venture Rewards Credit Card: How to Redeem Miles for Travel Story

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The Capital One Venture Rewards Credit Card 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 Capital One Venture Rewards Credit Card, 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 Capital One Venture Rewards Credit Card in your wallet.

How to earn miles with your Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card
NerdWallet rating 

Racking up rewards with the Capital One Venture Rewards Credit Card 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. Aditionally, cardholders can earn 5 miles per $1 on hotels and rental cars booked through Capital One Travel. 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.

How to redeem your miles for travel with your Capital One Venture Rewards Credit Card

If you like the simplicity of earning rewards with the Capital One Venture Rewards Credit Card, 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:

1. Statement credit

Using your miles works this way: 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.

2. Book a new reservation

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.

Transferring miles to partners

Holders of the Capital One Venture Rewards Credit Card also have the option of transferring miles to the frequent-flyer programs of Capital One's partner airlines. The issuer has more than a dozen partners.

Other great card features to keep in mind

The Capital One Venture Rewards Credit Card’s uncomplicated rewards structure is just one reason you should consider applying for the card. Other highlights include:

  • Competitive sign-up bonus: Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

  • Average annual fee: The annual fee is $95, which is comparable to most travel cards on the market.

  • Travel-friendly: The card has no foreign transaction fees and is chip-and-signature enabled, both of which are must-haves for international travelers.

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

Capital One Cards from our Partners
Capital One Venture Rewards Credit Card

on Capital One's website

Capital One Venture Rewards Credit Card
4.7
NerdWallet Rating
Rewards rate

2x-5x

Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options.

Miles

Intro offer

75,000

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

Miles
Capital One® SavorOneSM Cash Rewards Credit Card

on Capital One's website

Capital One SavorOne Cash Rewards Credit Card
5.0
NerdWallet Rating
Rewards rate

1%-10%

Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Earn 8% cash back on Capital One Entertainment purchases. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024. Terms apply.

Cashback

Intro offer

$200

Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

Capital One Venture X Rewards Credit Card

on Capital One's website

Capital One Venture X Rewards Credit Card
4.9
NerdWallet Rating
Rewards rate

2x-10x

Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel, Earn unlimited 2X miles on all other purchases.

Miles

Intro offer

75,000

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.

Miles
See more capital one cards

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