When it comes to travel credit cards, the Capital One® Venture® Rewards Credit Card is a Nerd favorite. Its outstanding sign-up bonus, high ongoing rewards rate and no-hassle redemption options make it worthy of your consideration.
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
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. Travel Purchase Eraser®
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. If you’re doing a partial redemption, you’ll need a minimum of 2,500 miles. 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 drawbacks 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.
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 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel.
- Average annual fee: The annual fee is $0 for the first year, then $95, which is comparabe 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.
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