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You can now earn 10X miles per dollar when booking stays with Hotels.com using your Capital One® Venture® Rewards Credit Card or your Capital One® VentureOne® Rewards Credit Card. This isn't a promotion that you need to register for, but rather a new partnership with Capital One and Hotels.com through January 31, 2020.
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- Promo is valid through January 31, 2020
- Bookings must be made via the Venture page on Hotels.com
- To earn the 10X miles per dollar, you need to select the “pay now” option when offered
- The promo is not valid for phone bookings or those made via the Hotels.com mobile app
- The promo is not valid on payments made via PayPal even when using a participating card
The promo is open to holders of the following Capital One cards:
- Capital One® Venture® Rewards Credit Card
- Capital One® VentureOne® Rewards Credit Card
With such a long run, it is always worthwhile to keep an eye on the full terms and conditions in case they do change.
Double Dip With Hotels.com Rewards
This promo can provide some great value if you are a Hotels.com Rewards member since you will be able to double dip and collect a free night for every 10 nights booked with Hotels.com. The Hotel Rewards’ free night is given at the average price paid for your ten nights. The average price paid for your 10 nights gets you an effective maximum of 10% back through Hotels.com rewards — we say maximum because if you have an average price paid of $300, your reward is worth 1 night up to $300, but if you redeem for only $200, you lose the remaining $100 potential in value. Combining the 10X miles per dollar with the free night, you effectively can receive up to 20% back.
Drawbacks Of The Promo
The main drawback of the promo is that you would lose any cashback you could earn for booking with another portal such as TopCashBack. Whether you choose to book using the promo or another portal will depend on how much cashback you can earn. Although it is difficult to see a cashback rate that would outweigh the benefits of 10X miles per dollar, with the right card and the right portal, you could get similar or better value than this promo. Keep in mind, you don't need to have a specific credit card to use the cash back portals either!
One thing to remember is that by booking through Hotels.com, you will also miss out on any hotel points and bonuses that you might have earned by booking directly with the brand.
This long-running promo is a welcome addition to the Venture cards, although it is by no means earth-shattering. While the yield on the promo is good, you can achieve similar returns using the Chase Sapphire Reserve® to make hotel bookings through a cashback portal like TopCashBack or BeFrugal. Using this method, you'd earn cash back, Hotels.com rewards and 3x Ultimate Rewards on your booking.
Overall this is a nice promo specifically if you already have one of the eligible cards, but we wouldn't go out of our way to get a card just for this promo.
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