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Capital One rewards guide: The best ways to earn and use Capital One miles

Summary

Your guide to earning and redeeming Capital One rewards miles.

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#If you are on the hunt for a straightforward but rewarding travel credit card, Capital One has a few great options. Whether you are looking for a business or personal card, you can earn flexible miles on your everyday purchases.

What are Capital One rewards?

The Capital One rewards program is well known for its ease of use, making cards such as the Capital One® Venture® Rewards Credit Card a favorite of frequent travelers. Across all Capital One rewards cards, cardholders have no limits to the number of miles they can earn. The redemption options are also very flexible, including statement credits, gift cards and travel purchases.

Perhaps the most exciting perk of the Capital One rewards program is the Purchase Eraser, which allows rewards cardholders to book their travel on any outside website and redeem miles for a statement credit. Best of all, you can choose to pay for any portion of the charge with your rewards and use cash to cover the rest.

Recently, Capital One announced a list of 15 travel partners that cardholders can transfer their miles to. This not only improved the overall rewards value, but made the Capital One Rewards program more flexible than ever.

Capital One Rewards program overview

Type of currencyFlexible miles
Average point value1 cent
Credit cardsCapital One® Venture® Rewards Credit Card , Capital One® VentureOne® Rewards Credit CardCapital One® Spark® Miles for BusinessCapital One® Spark® Miles Select for Business
Redemption optionsTravel, statement credits, gift cards
Minimum required to redeemRedeem any number of miles at any time
Do rewards expire?No
Blackout dates/travel restrictionsNone
Mile transfer options15 airline partners, certain Capital One rewards accounts
Is there a fee to transfer miles?
No
Best for
Straightforward rewards program with good general rewards rate
Booking travel on multiple sties without losing point value
Flexible redemption options

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Published: December 7, 2018

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Credit Card Rate Report Updated: May 23rd, 2019
Business
15.61%
Airline
17.50%
Cash Back
17.60%
Reward
17.62%
Student
17.79%

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