AwardWallet receives compensation from advertising partners for links on the blog. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Here's our complete list of Advertisers.
Offers for the Capital One Spark Miles Select for Business and Savor Rewards from Capital One are not available through this site. Some offers may have expired. Please see our card marketplace for available offers
Capital One Miles is one of the latecomers to flexible points currencies, having only launched its points program in 2018. Since then, the program has become one of the most valuable points currencies around — adding a multitude of transfer partners while still offering valuable, easy-to-redeem options.
If you've been building up a large balance of Capital One miles, you're likely invested in not losing your miles. As such, you might be wondering what situations could cause you to lose your Capital One miles. Specifically, you might wonder: “Do Capital One miles expire?” So, let's dive in.
Do Capital One Miles Expire?
Capital One miles do not expire as long as your account is open. Per the Capital One Rewards page:
“Your rewards are yours for the life of the account—they will not expire. But if your account is closed, you may lose any cash back rewards you have not redeemed.”
So, if you are going to close your Capital One account, you must remember to redeem your miles before closing your account.
Track your points and miles expiration for 630+ loyalty programs and get email alerts before your miles expire by signing up for a free AwardWallet account.
Related: How To Maximize 75K Capital One Venture Miles for Flights Within North America
What Happens to Your Capital One Miles If You Close Your Credit Card?
If you close a Capital One credit card, the rewards associated with that card are lost. So, if you are thinking of closing a Capital One card, you should redeem your Capital One miles beforehand to keep them from disappearing forever. You can use your miles in any of the following ways:
- Redeem to cover travel purchases made in the last 90 days.
- Transfer to one or more of the Capital One transfer partners (here's how to transfer Capital One miles).
- Redeem to book a trip through the Capital One Travel portal.
- Share your Capital One miles with friends or family who have a card that earns Capital One miles.
- Redeem to purchase gift cards from major retailers.
- Redeem your miles for cash, either as a statement credit or a check.
- Use your miles to pay for Amazon purchases.
- Redeem your miles through PayPal to pay for goods and services at millions of retailers online.
- Redeem for exclusive tickets and events through Capital One Entertainment.
Alternatively, you can transfer your miles to another Capital One account before closing your card. Note that this is different from my mention of sharing your Capital One miles with a friend or family member. If you have another Capital One card account, you may be able to transfer your miles from the account you want to close to another one of your Capital One accounts.
Related: Capital One Credit Card Offer History: Best-Ever Offers and When You Should Apply
Which Capital One Cards Earn Rewards?
Since Capital One miles do not expire as long as your account is open, you may want to focus on earning this type of rewards. Several Capital One cards earn miles that can be transferred to 19 transfer partners:
- Capital One Venture X
- Capital One Venture Rewards Credit Card
- Capital One VentureOne Rewards Credit Card
- Venture X Business
- Capital One Spark Miles for Business
- Capital One Spark Miles Select for Business
Other Capital One credit cards earn cash back. These include:
Related: Capital One's Best Transfer Partners
Use AwardWallet to Track Your Capital One Miles
Even though your Capital One miles don't expire, it still pays to keep track of them using AwardWallet. That way, you can view all your points balances in one convenient place. This makes planning your travel rewards strategy much easier.
Tracking your Capital One miles is easy. All you need to do is log into your AwardWallet account and link your Capital One account in AwardWallet to get alerts anytime your rewards balance increases or decreases.
Related: How to Track Your Rewards Using AwardWallet
Our Take
The great news is that Capital One miles don't expire as long as your account remains open. That means you can focus on earning and maximizing the value of every mile you have. That said, if you are going to close your Capital One account, you need to remember to take steps beforehand so you don’t lose your hard-earned miles.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Per my understanding, you do not have a card without annual fee, you can also product change (downgrade) any card with the annual fee to a no annual fee card (Venture to VentureOne, or Spark Miles to Spark Miles Select). This should also preserve your miles from expiring, and will not limit you with transfer options. You can still transfer your miles to the same list of partners with the same transfer ratio whether you hold a card with or without an annual fee.
This is a nice feature, which is not available, i.e. on Chase UR cards, where you have to have at least one card with AF in the family to keep the option to transfer.
So, unless you are earning bunch of extra miles with your spend, there is really no excuse to keep paying an annual fee on either Venture or Spark.
Please correct me if I am wrong.
Thanks.
Yep, that sounds right to me.
If I am not mistaken, the Venture X earns a 10,000 points bonus each year, which Venture does not, and Capital One Travel points earning rates with Venture X are double those of Venture.
But beyond points, if you use other benefits of the AF card, such as lounge access, would justify the annual fee.
Another consideration, as a personal policy, I am moving away from no annual fee credit cards in favor of annual fee cards, even if the fee is $99 so the issuing bank has no reason to close an account for inactivity, and also is less likely to strip away major benefits (the way the no annual fee BILT Mastercard has been doing with impunity).
This is exactly why I got the Capital One Venture years ago when I decided I wanted to start travelling. At the time I only used credit cards for purchases I didn’t have cash for and needed to finance, which is to say seldom (not a big spender here). Thank goodness I discovered this forum about a year ago, and since then I’ve watched the rewards points skyrocket! Can’t wait to make that first redemption considering the different avenues of approach I could use with this card!
Easy answer- no unless you close your account. Thanks!
Don’t have any Capital One credit cards to worry about this.
Its always good to know when points expire.
I haven’t really perceived Capital One’s products to be as competitive/worthwhile as some of the offerings from Amex or Chase. I may to explore Capital One more in the future.
Flexible points are always the best bet. I wish I could be approved for a Capital One card but I think it will never happen. I’ll just have to branch out into the City TY points next.
This hasn’t been on my radar but it will be now.
A lot of folks at work have a rewards card from Capital One and mentioned they have really good reward cards. I might have to check them out.
This will be a program for me to research 🙂
I used this card for years but now have the Alliant cash back card which is 3% the first year, then 2.5%. I always liked Cap One but now they have lost me. Last year they agreed to waive my fee. I kept some spend on the card because the autopays are already set up and it’s my oldest card so it helps my credit score. I didn’t know if I’d be charged the fee this year, so waited to see. The day it posted I called to downgrade to the no fee card which earns 1.25% instead of 2%, and they wouldn’t reverse the annual fee that they charged that day. But they said I can cancel and get the annual fee reversed. How dumb is that? Thanks for the memories.
On its face that annual fee refund policy does not seem well thought out. If you’re going to be willing to reverse, why not keep the customer as a cardholder? But, I guess if they have waived it once for you, and you try again the next year, they believe they see the writing on the wall and determine you’ll never be willing to pay it. And, if that’s the case, they’ve deemed that the math doesn’t work for them, fee v. rewards. Finally, they don’t want to refuse refunds if canceled within 24hrs of charging or they’d simply get tons of flak.
It sure would be nice to see tCap One’s mileage-balance-match sign-up offer come back around!
I remember that deal — it was a sweet one.
Good to know, however, I do prefer my Chase UR. Have you done a post on the benefits of Capital One points? I have looked into the card in the past and I think I have come to the conclusion that Chase Ultimate Rewards are better.
We haven’t compared them. The true value in Capital One Rewards is that they are ultimately flexible as they have a fixed cash value of 1 penny per point and can be used for anything.
Just redeem for cash/credit in your account.
No need to hold on the capital one as they are straight cash so I redeem asap.
That’s good to know. This is a card I don’t use that much and it will take a while to accumulate any relevant number of points!
Phew, that’s a relief! With all of my miles expiring on various airlines, I’m glad I have one safe haven…