The right way to redeem Capital One miles at a set worth for journey, reward playing cards and extra

As soon as you’ve got collected a haul of Capital One miles, it is time to begin brainstorming how you are going to redeem them.

Right here at TPG, we frequently discourage holding on to your miles. They could be a unhealthy long-term funding, so it is best to begin considering of redemption choices as early as potential.

Whereas we frequently advocate transferring your Capital One miles to one of many issuer’s 15-plus switch companions to maximise their worth, that is not at all times the very best concept for each scenario. You might discover an exceptionally low cost journey deal, be too busy to chase award availability or need to preserve your miles versatile in Capital One’s ecosystem.

If you happen to worth simplicity, your Capital One miles can go fairly far. That is as a result of you may have a number of fixed-value redemption choices with which you’ll be able to redeem your miles for journey purchases, experiences, reward playing cards, money again and extra.

This is what Capital One cardholders ought to know.

Capital One miles: Fastened-value redemption choices

Listed here are the fixed-value redemptions you may make with Capital One miles:

To view your choices, log in to your Capital One account and click on the “View Rewards” button beside your mileage stability.

Then, you can see all your redemption choices — together with the fixed-value selections outlined above.

With these fixed-value redemption choices, you possibly can count on to obtain 1 cent per mile in worth whenever you redeem for travel-related purchases made by Capital One Journey or together with your eligible Capital One card inside 90 days.

Capital One’s web site states that the next purchases are typically thought of journey for the needs of protecting previous purchases, however notes that availability is predicated on the class that the service provider assigns:

• Airways
• Bus traces
• Automobile rental companies
• Cruise traces
• Resorts
• Limousine companies
• Rail traces
• Taxi cabs
• Timeshares
• Journey brokers

Whenever you redeem miles for Capital One Leisure purchases, reward playing cards or on-line purchasing with Amazon and PayPal, you will obtain 0.8 cents per mile. Redeeming miles for money again nets the bottom fixed-value redemption, at 0.5 cents per mile.

In fact, you can at all times switch your miles to Capital One’s companions to doubtlessly get the next redemption worth. Per TPG’s November 2025 valuations, Capital One miles are price 1.85 cents apiece, and transferring your miles to a loyalty program companion resembling Air France-KLM Flying Blue may internet you much more worth.

For instance, you possibly can guide a one-way ticket from John F. Kennedy Worldwide Airport (JFK) to Paris-Charles de Gaulle Airport (CDG) in Air France enterprise class for 60,000 miles and $242.50 in taxes and charges. The total-price ticket would value $2,158, which implies you’d get about 3.2 cents per mile in worth by transferring your Capital One miles to Flying Blue.

Nonetheless, this feature requires extra effort than the fixed-value selections we’ll element on this article.

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Guide a visit by Capital One Journey

The Capital One Journey portal is a stable selection if you wish to plan a visit together with your rewards and don’t desire the effort of transferring to companions.

You may obtain 1 cent per mile in worth whenever you redeem Capital One miles to guide flights, resort stays, trip leases and rental vehicles.

All you need to do is go to the Capital One Journey portal and guide journey. From there, you will see your selection of reserving with money or with miles.

In fact, you will need to keep in mind that there are numerous advantages to reserving immediately as an alternative of going by a portal like Capital One Journey. Whenever you guide immediately, you are assured elite standing perks (in the event you maintain elite standing) and can earn factors or miles with a model’s loyalty program.

Nevertheless, this could possibly be a very good choice in the event you’re staying at a boutique resort or reserving a one-off flight by an airline you do not often fly with.

Regardless, if brand-specific perks are essential to you, you will see that with our subsequent choice, you possibly can guide journey immediately and nonetheless offset the price with Capital One miles at a fee of 1 cent per mile.

Associated: Must you guide flights on a journey portal? Evaluating fares by Amex, Capital One, Chase and Citi

Cowl a latest journey buy

That is the actual sport changer for journey lovers seeking to redeem Capital One miles at a set worth.

You possibly can guide a number of varieties of eligible journey purchases and use your miles to offset the cost in your eligible Capital One card — so long as the acquisition has been made inside the final 90 days.

To entry this redemption choice, merely click on “Cowl journey purchases” on the Rewards web page. You may see all eligible journey purchases right here and may choose what number of miles you want to make use of to cowl the price.

Capital One broadly defines journey right here, since you possibly can redeem miles for every thing from flights and resorts to coach tickets, Uber rides, Airbnb stays and taxi rides.

As soon as you choose the acquisition you’d prefer to cowl, you possibly can approve the redemption outright or edit what number of miles you need to use and obtain partial credit score towards the cost.

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Capital One Leisure

You too can redeem Capital One miles at a set worth towards occasion tickets and experiences booked by Capital One Leisure.

With this feature, you will obtain 0.8 cents per mile redeemed.

This is not the best choice for maximizing your rewards, however it’s a respectable selection if occasion tickets take up a bit of your funds.

Nevertheless, we would not sometimes advocate redeeming miles this manner since you will obtain lower than 1 cent per mile in worth.

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Present playing cards

You too can use your Capital One miles to buy reward playing cards for a wide range of retailers, together with Apple, Amazon and Airbnb. For many of those redemptions, you will obtain 0.8 cents per mile.

Nevertheless, you might discover occasional gross sales with sure manufacturers — resembling Adidas, Neiman Marcus or Uber — that may internet you barely greater worth, relying on the deal.

Since there are numerous methods to purchase reward playing cards at a reduction, that is unlikely to be the best choice for redeeming your Capital One miles.

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Store on-line by Amazon or PayPal

If you happen to’re hoping to make use of your Capital One miles towards on-line purchasing, you possibly can elect to take action when testing by Amazon or PayPal.

It is essential to notice you will obtain 0.8 cents per mile this manner.

As a result of the redemption worth is much less beneficial than utilizing your miles for journey, we do not sometimes advocate utilizing your miles this manner.

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Money again

Redeeming your Capital One miles for money again is the least beneficial choice, since you will solely obtain 0.5 cents per mile whenever you select this route.

You possibly can select to obtain your money again as a credit score towards your assertion or as a verify by mail.

Nevertheless, we typically don’t encourage this feature since there are many different methods to obtain extra worth to your hard-earned miles.

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Incomes Capital One miles

If you happen to do not but have a card that earns Capital One miles, think about making use of for one among these private or enterprise playing cards with a profitable welcome bonus:

• Capital One Spark Miles for Enterprise: Earn 50,000 miles after spending $4,500 on purchases within the first three months from account opening.
• Capital One Enterprise Rewards Credit score Card: Earn 75,000 miles after spending $4,000 on purchases within the first three months from account opening.
• Capital One Enterprise X Enterprise: Earn 150,000 bonus miles after spending $30,000 within the first three months from account opening.
• Capital One Enterprise X Rewards Credit score Card: Earn 75,000 bonus miles whenever you spend $4,000 on purchases within the first three months from account opening.
• Capital One VentureOne Rewards Credit score Card: Earn 20,000 miles after spending $500 within the first three months from account opening. Plus, new cardholders will obtain a $100 Capital One Journey portal credit score to make use of of their first cardholder yr upon account opening (no spending is required to obtain the credit score).
• Capital One Spark Miles Choose for Enterprise: Earn 50,000 miles after spending $4,500 on purchases within the first three months from account opening.

The data for the Capital One Spark Miles Choose for Enterprise card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

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Backside line

Whilst you can doubtlessly maximize your Capital One miles by transferring them to loyalty companions, redeeming your miles at a set worth is a implausible selection for inexperienced persons or cardholders who worth simplicity above all else.

That is additionally a very good choice for anybody who needs to redeem their miles to save lots of on purchases unrelated to journey, resembling Amazon purchases, reward playing cards for holidays or live performance tickets.

With a number of redemption choices providing various values, it is price contemplating your selections earlier than you redeem your miles.

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