Extract Maximum Value from the Capital One Venture Card

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The current, 60,000-mile bonus on the Capital One Venture Rewards Credit Card recently got a lot more valuable. In April 2021, Capital One improved the rate at which Capital One Miles transfer to nearly half of its partner programs.

Previously, you could convert this 60K bonus into a maximum of 40K airline miles or hotel points. But now, this welcome bonus can be converted to 60K miles or points with seven partners! That’s an instant 33% increase in the value of Capital One Rewards if you take advantage of these transfer partners.

In this post, we'll take a look at how you can put this huge bonus to good use! If you're looking for more details about the card's benefits and this solid offer, check out this review.

Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
Annual Fee$95
Welcome Offer Earn 60,000 Miles once you spend $3,000 on purchases within 3 months from account opening.
Following the revamp of Capital One's rewards program and the addition of airline transfer partners, the Capital One Venture has catapulted into our list of top travel rewards cards. The ability to earn 2X miles on every purchase provides a decent return on spending. Plus the card offers some great perks.
  • Earn 60,000 Miles once you spend $3,000 on purchases within 3 months from account opening; worth $600 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles on every purchase
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $95 annual fee
  • 2 Miles per dollar on every purchase, every day.

Which Cards Earn Transferable Capital One Rewards?

In addition to the Capital One Venture card featured above, Capital One offers three other cards that earn Capital One Miles:

Transfer Miles Between Capital One Accounts for Free

One of the truly unique features of Capital One Rewards is the ability to combine Venture Miles with any other Capital One account. You can combine miles from Venture and Spark Miles-earning cards, transfer between business and personal accounts, or share miles with any person that holds one of the four cards mentioned above. Even better, there are no fees or limits on the number of miles you can share.

Capital One is far ahead of the competition in this respect. Other banks that offer flexible rewards can restrict you from moving points between your own accounts or combining rewards with a spouse or partner.

Transfer your Capital One Venture Miles to friends and family.
Transfer your Capital One Venture Miles to friends and family.

How Can I Redeem Venture Miles?

Capital One Venture Miles are what we like to call flexible rewards points. Traditional airline miles and hotel points can only be redeemed with one loyalty program. Venture Miles are different because you have multiple options to redeem for travel.

In this post, we'll focus on the two choices that deliver the best value:

Other types of flexible points include Amex Membership Rewards, Chase Ultimate Rewards, and Citi ThankYou Rewards. But, Capital One Venture Miles offer some distinct advantages over the competition.

Use Venture Miles to Cover Almost Any Travel Purchase

For those who like to keep things simple, the Capital One Purchase Eraser is the perfect way to spend your rewards. You can redeem miles earned on your Capital One Venture card at a fixed rate of one cent per mile towards almost any travel expense within 90 days of purchase.

Other types of flexible rewards let you redeem your points for a fixed value, but Capital One is different—and much more valuable. With Capital One, you simply pay with your credit card and redeem your miles when the charge posts to your online account. Then, Capital One issues a credit for the miles redeemed. For example, redeeming 2,500 miles will get you a $25 statement credit.

The key factor that makes Capital One special is your ability to choose how you purchase the travel. With other flexible points, you normally have to buy through a specific website or travel portal if you want to use rewards. With Capital One, you can book your travel through any website or even make the purchase in person. And that matters for three important reasons.

Get the Best Deal

The other kinds of flexible rewards have a dirty secret: When they force you to buy through their own travel portal, they're often getting a commission on your purchase. They might have the best price, but often you can find a better deal by shopping around. With Capital One, you decide how to make your purchase.

Capital One Rewards really come in handy when you find cheap airfare deals or pricing mistakes that are only available through one website. They're also perfect for travel that is hard to book with other types of rewards like Airbnb stays, tours, and other travel experiences.

Get Elite Benefits

Nearly all the major hotel brands refuse to honor elite benefits (or even award points for your stay) when you book through a third party. Since Capital One doesn't make you use a specific website, you can book directly with the travel provider and get all the perks you deserve.

Book Now, Redeem Later

Capital One gives you 90 days to decide if you want to redeem miles to cover a purchase. That means you can decide how to spend your miles as the various parts of your trip come into focus. It also makes it possible to book travel before you actually have all the miles you'll need in your rewards account. We've covered this strategy in-depth here.

Redeem Venture Miles for Airbnb stays like The Loyik Villa in Ubud, Bali, and earn Delta miles via the Airbnb partnership
Redeem Venture Miles for Airbnb stays like The Loyik Villa in Ubud, Bali, and earn Delta miles via the Airbnb partnership

Because you can redeem them for 1¢ per mile for any travel purchase, Venture Miles have a minimum fixed value that requires no specialized knowledge to use and no blackout dates.

But don't skip past the next section on Capital One transfer partners. Transferring your Venture Miles could save you two or three times more than redeeming at a fixed value.

Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
Annual Fee$95
Welcome Offer Earn 60,000 Miles once you spend $3,000 on purchases within 3 months from account opening.
Following the revamp of Capital One's rewards program and the addition of airline transfer partners, the Capital One Venture has catapulted into our list of top travel rewards cards. The ability to earn 2X miles on every purchase provides a decent return on spending. Plus the card offers some great perks.
  • Earn 60,000 Miles once you spend $3,000 on purchases within 3 months from account opening; worth $600 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles on every purchase
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $95 annual fee
  • 2 Miles per dollar on every purchase, every day.

Transfer Capital One Miles to 19 Airline and Hotel Partners

If you want to squeeze every penny of value out of your Capital One Rewards, transferring your Venture Miles to partners is the way to go. Capital One Rewards miles can be transferred to 16 frequent-flyer programs and 3 hotel loyalty programs.

When you transfer your points to an airline or hotel, they take on all the prices and rules of the partner program. In many cases, one or more of the partners will offer the travel you want at a much better price than you could book using the Purchase Eraser to cover a travel expense.

With the new partners and improved 1:1 transfer rates announced in April 2021, Venture Miles are more valuable than ever! Here are the Capital One partners and transfer rates:

1,000 Venture Miles = 1,000 Partner Points/Miles

  • Avianca (LifeMiles)
  • Etihad (Etihad Guest)
  • Cathay Pacific (Asia Miles)
  • AeroMexico (Club Premier)
  • Finnair (Finnair Plus)
  • Qantas (Qantas Frequent Flyer)
  • Wyndham Hotels and Resorts (Wyndham Rewards)
  • TAP Air Portugal (Miles&Go)
  • Choice Hotels (Choice Privileges) — available “later this year”

1,000 Venture Miles = 750 Partner Points/Miles

  • Air Canada (Aeroplan)
  • Air France/KLM (Flying Blue)
  • Alitalia (MilleMiglia)
  • British Airways (Executive Club)
  • EVA Air (Infinity MileageLands)
  • JetBlue (TrueBlue)
  • Turkish Airlines (Miles&Smiles)

1,000 Venture Miles = 500 Partner Points/Miles

  • Emirates (Skywards)
  • Singapore (KrisFlyer)
  • Accor (Accor Live Limitless)

Learn More About Transferring Points

Maximize Capital One Venture Card Benefits

To ensure you get the most value out of your Capital One Venture, it’s essential to utilize all the benefits the card offers, including the TSA PreCheck / Global Entry fee credit, travel insurances, and retail benefits.

Capital One Venture Global Entry TSA Pre credit

One of the easiest ways to help offset the card’s annual fee, the Capital One Venture offers up to $100 in fee credits towards Global Entry or TSA PreCheck enrolment. If you already have PreCheck or Global Entry, you can use this credit to gift membership to someone else.

Capital One Venture travel insurance and retail benefits include:

  • 24-Hour Travel Assistance Services
  • Travel Accident Insurance
  • Auto Rental Collision Damage Waiver
  • Roadside Assistance
  • Extended Warranty
  • No Foreign Transaction Fees

Final Thoughts

Thanks to the recently updated Capital One transfer program, the current 60,000-mile bonus is potentially worth 33% more than it was before the new 1:1 transfer tier was introduced. This is great news for new cardholders, adding more value to an already stellar offer.

The Capital One Venture offers incredible flexibility, earning miles you can transfer to airline partners, or redeem for a fixed value against almost any travel purchase. The ability to earn 2X miles on every purchase means you can build a substantial balance of Capital One Miles just utilizing your everyday expenses.

And the option to transfer miles between any account with a Capital One Miles earning card makes Venture Miles an excellent choice for anyone building their miles with a partner or family member.

Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
Annual Fee$95
Welcome Offer Earn 60,000 Miles once you spend $3,000 on purchases within 3 months from account opening.
Following the revamp of Capital One's rewards program and the addition of airline transfer partners, the Capital One Venture has catapulted into our list of top travel rewards cards. The ability to earn 2X miles on every purchase provides a decent return on spending. Plus the card offers some great perks.
  • Earn 60,000 Miles once you spend $3,000 on purchases within 3 months from account opening; worth $600 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles on every purchase
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $95 annual fee
  • 2 Miles per dollar on every purchase, every day.

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Comments

  • I have had a capital one card for over a decade. I have always used the purchase a racer. But these new options give me much more flexibility. My only question is whether I can get a sign up bonus either through some kind of retention offer or if I downgrade and reapply. I would love to know other peoples experience as a long-term customer.

  • How would you compare this Capital One card to Chase Sapphire Preferred?

  • I haven’t been reading up on Capital One card in a while. I’m glad they expanded their travel partners and now with this increased bonus.

  • This offer is so good, but too bad both my wife and I both have this same card already.

  • Hmm might have to consider signing up for this card with this great bonus signup. I have a capital one card but not this venture card. Does that matter when you sign up?

    • As long as you haven’t had the Capital One Venture before, you should be set! The only restrictions are on past Venture cardholders.

  • Many friends like this card and this deal may be the one that pushes me over!

  • I was a previous Capital One Venture cardholder until 01/19. The bonus eligibility terms state that previous cardholders may not be eligible for the bonus. How do I determine whether I am eligible or not?

  • Capital One is really competitive with Chase now on the market.

  • Hi, I just got this card in March. What’s the chances they would match the offer?

    • From experience, I would say it’s unlikely, but I’m just a sample size of one. You absolutely should call and ask. It’s too valuable not to try, and it only takes a minute.