How Mcu Money Is My Venture Miles Worht
Pinpointing the value of Capital One miles
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Capital One calls them miles. They're not really.
They're super-easy-to-use-points, and y'all're sure to receive a value of at least 1 cent each as long every bit yous adhere to this post. I'll show you lot how to calculate Capital letter One miles value then you can make up one's mind if opening the all-time Majuscule I credit cards is worth it for you lot.
Uppercase One Miles value
Let me repeat the curt respond for anyone with an attention span as apple-polishing every bit my own — Capital One miles are worth at least 1 cent each or 1.2 cents on average. Y'all tin can confidently collect them knowing you'll get a return of 1 cent or more. They're easy to earn with these cards:
| Credit bill of fare | Sign-up bonus | Annual fee | Earning rate | Review |
|---|---|---|---|---|
| Majuscule 1 Venture Rewards Credit Card | sixty,000 bonus miles subsequently you spend $3,000 on purchases inside the first 3 months of account opening. | $95 | 2 miles per dollar on every purchase | Capital One Venture review |
| Majuscule Ane VentureOne Rewards Credit Card | 20,000 miles afterwards spending $500 on purchases within 3 months of account opening | No annual fee | Unlimited 1.25 miles per dollar on every purchase | Capital 1 VentureOne credit card review |
| Capital One Spark Miles for Business | 50,000 Capital letter I miles after spending $4,500 on purchases inside the showtime three months of business relationship opening | $95, waived the first year | ii miles per dollar on every purchase | Capital One Spark Miles review |
| Capital One Spark Miles Select for Business concern | twenty,000 Capital One miles afterwards spending $3,000 on purchases within the start three months of business relationship opening | No annual fee | 1.5 miles per dollar on every buy |
For example, the Capital One Spark Miles for Business comes with 50,000 Majuscule Ane miles after you spend $4,500 on purchases within the showtime three months of business relationship opening. That bonus is worth at least $500 in travel (you can read our Capital One Spark miles review for the full details).
However, on boilerplate nosotros value Upper-case letter One miles at i.two cents per mile since you lot can transfer them to airlines and go outsized value when redeeming for first or business class flights.
There are two methods to redeeming your miles for free travel. Allow's look at them both.
The data for the Capital I Spark Miles and Capital One Spark Miles Select has been collected independently by Million Mile Secrets. The carte du jour details on this page accept not been reviewed or provided past the card issuer.
The EASY way – Apply Uppercase I miles to redeem for recent travel
Capital 1 allows y'all to redeem your rewards at a flat charge per unit of 1 cent each toward travel purchases.
Simply buy your travel (things like airfare, hotels, machine rentals, Uber, Airbnb, etc.) with your Majuscule One card as you lot normally would. And so, once the buy appears in your credit card transaction history, you can sign into your online account and redeem the charge within xc days of the purchase appointment (up to the value of your miles), and it wipes the expense from your balance.
In other words, if you have 50,000 Uppercase One miles and you purchase a $350 hotel stay, you can completely redeem that transaction for 35,000 Majuscule One miles. Or, if y'all make a $600 hotel stay, yous'll have enough miles to wipe $500 off of your bill — you lot can just pay the residue with cash.
This is the ideal method for travelers who don't want to worry nigh blackout dates. You reserve your travel with cash, and reimburse yourself later. And you'll know exactly how much value you'll receive from your miles at all times.
The LESS EASY way – Transfer miles to airline partners
Information technology's possible to clasp a value greater than i cent from your Capital One miles, only it might have some grappling. You tin transfer Capital letter One miles to airline partners similar:
- Air Canada Aeroplan
- Avianca Lifemiles
- Qantas
- Singapore Airlines
- Accor
- Wyndham
The transfer ratio is non one:one (it'southward either 2:1.v or 2:1, depending on the airline), so receiving a value greater than 1 cent per mile isn't exactly child'southward play — but it's certainly possible. For example, Air Canada Aeroplan charges lx,000 miles for a 1-mode business organization grade flight to Europe that's under 4,000 miles in length (i.east. New York to London or Boston to Paris). Transferring 80,000 Capital I miles to Air Canada will get you enough miles for the trip. The same ticket could easily toll $1,500 or more, then spending 80,000 Capital One miles would requite yous a return of 1.nine cents per mile.
If you merely purchased that $1,500 ticket with your Capital 1 card and used your rewards to "erase" the purchase, you'd pay 150,000 Capital One miles. Y'all're basically getting a 70,000 mile discount by transferring your Uppercase 1 miles to Air Canada.
Only know it'due south possible to receive a value much less than i cent per betoken when you transfer your miles to airlines, too. Examine the cash price of your desired flight before transferring your miles, as it might be cheaper to simply offset the purchase with your miles. If you're not sure, you can use our Cash vs Points Calculator.
As well, when you transfer your miles to an airline or hotel program, yous'll be discipline to coma dates, available honor seats or nights, and fifty-fifty fuel surcharges in some cases. It could be well worth the hassle, but information technology's exponentially more time-consuming than just redeeming your miles for recent travel. And fourth dimension is money!
Bottom line
You can effortlessly receive a value of 1 cent per Upper-case letter Ane mile if you proceed it simple and redeem them for travel expenses by redeeming them for your recent paid travel. This is how I recommend using your miles (and it's how I use them myself), but you should still bank check out our guide for the all-time means to employ Capital One miles for more options.
You lot can receive a value greater (or far less!) than 1 cent if you lot transfer your miles to airline and hotel partners — on boilerplate you can expect i.ii cents per mile. Merely it'south more complicated, and you'll be discipline to blackout dates and bachelor accolade seats. In brusk, if you lot're interested in booking business organisation or commencement class flights, you'll likely receive more value by transferring your points to airlines. If you're flying passenger vehicle, I'd stick to simply redeeming your miles to offset paid travel.
Bank check out our post on the full Upper-case letter I miles review for step-past-step education on how to redeem Upper-case letter I miles. And let us know how y'all similar to redeem Uppercase One miles. And subscribe to our newsletterfor more travel news and reviews.
Capital 1 Venture Rewards Credit Carte
Capital I Venture Rewards Credit Card
-
Enjoy a old bonus of 60,000 miles in one case yous spend $3,000 on purchases within iii months from account opening, equal to $600 in travel
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Earn unlimited 2X miles on every purchase, every mean solar day
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Miles won't expire for the life of the account and there'southward no limit to how many you lot tin can earn
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Receive upward to a $100 credit for Global Entry or TSA PreCheck®
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Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll become Capital One'south best prices on thousands of trip options
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Apply your miles to get reimbursed for any travel purchase—or redeem past booking a trip through Capital One Travel
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Transfer your miles to your choice of 15+ travel loyalty programs
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No strange transaction fees
Intro APR on purchases
N/A
Regular APR
16.24% – 24.24% (Variable)
Balance Transfer Fee
$0 at this Transfer APR
Rates & Fees
Annual Fee $95
Other
Credit Needed Fantabulous / Good
Issuer Capital letter One
Card Type Visa
Editorial Note: Nosotros're the 1000000 Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven't been reviewed, approved or endorsed past any of the airlines, hotels, or credit card issuers which we often write about. And that'south just how we like it! :)
Source: https://millionmilesecrets.com/guides/capital-one-miles-value/
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