Extract Maximum Value from the Capital One Venture Rewards Card

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The Capital One® Venture® Rewards Credit Card is one of the highlights of Capital One’s credit card portfolio. New cardmembers receive 50,000 miles after spending $3,000 on purchases within 3 months from account opening, and the card earns 2X Venture Miles per dollar on every purchase, 10X miles on purchases from Hotels.com, scores a Global Entry/TSA Pre credit, plus a host of travel and purchase protections.

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Following the introduction of Capital One‘s airline transfer program, you can now transfer Venture Miles to more than a dozen airline programs for premium cabin redemptions or redeem them at a fixed-rate against almost any travel purchase. This makes Capital One Rewards one of the most flexible rewards currencies available. In this post, we’re going to dig into how you can extract maximum value from holding the Capital One Venture.

Boost Your Capital One Miles Balance With 2X Miles on Everyday Purchases

Unlike the majority of rewards cards that earn 1 point or less on non-bonus purchases, the Capital One Venture earns a solid 2X miles on every purchase, every day. If you decide to transfer your Capital One miles to airline partners, the earning rate gets you up to 1.5X airline miles per dollar—without needing to think about bonus categories, spending caps, or which card to use at checkout. This makes for an easy to understand rewards strategy that earns more than one airline mile per dollar spent across all your monthly expenses.

Earn Up To 7.5X Airline Miles Per Dollar Spent on Accommodation

Possibly the most underrated benefit of the Capital One Venture is the partnership with Hotels.com. Launched in 2018 and slated to end in January 2020, cardholders earn a staggering 10X Venture Miles on purchases made through Hotels.com/Venture. Transferred to the majority of airline partners, you are earning 7.5X airline miles for every dollar spent through Hotels.com (3 of the 15 airline partners have an inferior transfer ratio which reduces the earning rate to 5X). When combined with Hotels.com Rewards, which provides a free night for every ten nights stayed (minus fees & taxes), you can receive returns of 20%+ on your accommodation expenses. Although the January 2020 end date is a disappointment, we think there is a decent chance this benefit will be extended.

Transfer Capital One Venture Miles Between Accounts for Free

One of the truly unique features of Capital One Venture Miles is the transfer policy. Capital One now sets the standard when it comes to points and miles transfers, allowing you to transfer miles to anyone that holds a Capital One Miles earning card. 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 a Capital One Miles earning card. Even better, there are no fees or limits on the number of miles you can share.

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

If you are looking to pool miles with friends or family for a big redemption, Capital One now provides the most generous transfer policy of all the major flexible-rewards programs.

Which Cards Earn Transferable Capital One Rewards?

Capital One issues four miles-earning rewards cards.

  • Capital One® Venture® Rewards Credit Card – Earn 50,000 Miles once you spend $3,000 on purchases within 3 months from account opening – Annual fee of $0 intro for first year; $95 after that
  • Capital One® VentureOne® Rewards Credit Card – Earn 20,000 Miles once you spend $1,000 on purchases within 3 months from account opening – Annual fee of $0
  • Capital One® Spark® Miles for Business – 50,000 Miles once you spend $4,500 on purchases within 3 months from account opening – Annual fee of $0 intro for first year; $95 after that
  • Capital One® Spark® Miles Select for Business – Earn 20,000 Miles once you spend $3,000 on purchases within 3 months from account opening – Annual fee of $0

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If you and the person you are transferring to/from holds one of these cards, you can transfer miles with no transfer limit, and no fees!

Redeem Venture Miles for Free Flights, Accommodation, and Travel Purchases

The miles earned on your Capital One Venture now rank amongst the most flexible rewards available to consumers. Cardholders can redeem miles at a value of 1¢ per point towards almost any travel expense charged to the card using the Purchase Eraser feature, or transfer miles to 15 different airline partners, providing ultimate flexibility for award travelers and a legitimate alternative to the big four flexible rewards programs.

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

How to Redeem Venture Miles For Almost Any Travel Purchase

You can redeem miles earned on your Capital One Venture at a fixed rate of $0.01 per mile towards almost any travel expense within 90 days of purchase with a feature called Purchase Eraser. The miles are credited towards your account as a statement credit, wiping out all or part of a travel purchase with each mile worth 1 cent, so redeeming 2,500 miles would credit $25 back to your account.

Where the Purchase Eraser truly comes into its own is when you find cheap airfare deals, error fares, mistake rates at hotels, or exclusive travel deals with OTAs. Simply charge the discounted travel purchase to your card, then, using your Capital One Venture login credentials, sign in to your account, navigate to the rewards page, and select the option to ‘Redeem Travel Purchase’. Valid travel purchases include hotels, Airbnb, airfare, train tickets, rental cars, tours, experiences, and much more.

Because you can redeem them for 1¢ per point any day of the week, Venture Miles are essentially immune to devaluations so common to frequent flyer programs. They require no specialized knowledge to use, and there are no blackout dates. For anyone that has tried to redeem miles to Hawaii during peak season, the ability to just buy a ticket then wipe out the charge using the Purchase Eraser is immensely valuable. Both airline tickets and hotel rooms purchased from the provider are treated as revenue purchases, so you still receive elite credits and benefits, plus you’ll earn redeemable points/miles when you complete your stay or flight.

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Transfer Capital One Venture Miles to 15 Airline Partners

Introduced at the end of 2018, Capital One‘s airline transfer program has transformed Capital One Miles from an uninspiring fixed-value program to a full-fledged flexible-rewards program. Capital One Venture Miles transfer at a rate of 1,000 Capital One Miles to 750 airline miles, or a ratio of 2:1.5 for the majority of partners, and 1,000 points to 500 miles, or 2:1 for Emirates, JetBlue, and Singapore Airlines. As the Venture Card earns 2X miles per dollar on all purchases, you are essentially earning 1.5X airline miles in 12 of the 15 partner programs.

Transfer Partners include:

  • Aeromexico Club Premier
  • Air Canada Aeroplan
  • Air France/KLM Flying Blue
  • Alitalia MilleMiglia
  • Avianca LifeMiles
  • Cathay Pacific Asia Miles
  • Emirates Skywards
  • Etihad Guest
  • EVA Air Infinity MileageLands
  • Finnair Plus
  • Hainan Airlines Fortune Wings Club
  • JetBlue TrueBlue
  • Qantas Frequent Flyer
  • Qatar Airways Privilege Club
  • Singapore Airlines KrisFlyer

With United’s recent decision to abolish award charts, Capital One’s partners like Aeroplan and Avianca LifeMiles may become the most cost-effective way to book United and other Star Alliance flights. Those looking to book flights with American Airlines will be well served by Capital One partners like Etihad and Cathay Pacific. Similarly, Delta flights can be booked with Air France/KLM or Alitalia (although you aren't likely to find a lot of award availability). The lack of a U.S.-based transfer partner is definitely a drawback. But, with so many recent devaluations by U.S. frequent-flyer programs, you're likely to find better value booking rewards on U.S. legacy carriers via overseas programs.

See our comprehensive breakdown of Capital One’s airline partners for transfer rates and the pros and cons of transferring to each partner.

Does Capital One Have a Venture Miles Redemption Chart?

No. There is no redemption chart for Capital Venture Miles as they are not traditional airline miles. Instead, they are a fusion of flexible rewards points such as Chase Ultimate Rewards and Amex Membership Rewards, and the fixed-value rewards like Barclay Miles which have a value of 1 cent per point when redeemed for travel.

The two redemption options for redeeming Venture Miles for travel are:

  • Fixed-Value: Redeem miles at 1¢ per point towards almost any travel expense
  • Flexible: Transfer miles at a ratio of 1,000:750 to airline partners (2:1 for Emirates and Singapore)

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 Pre✓® / 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 Pre✓® enrolment. If you already have TSA Pre 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

The Capital One® Venture® Rewards Credit Card 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 plus 10X miles at Hotels.com provides plenty of scope to 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 folks tackling the points-and-miles game with a partner or family members.

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Extract Maximum Value from the Capital One Venture Rewards Card
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Comments

  • It is good to see Capital One getting into the transferable points game. I hope they add some US transfer partners soon.

    • I am sure that more changes are coming.

    • Yeah, having at least one domestic transfer partner is fairly critical. This is great for people who travel internationally but really alienates those who travel domestically. You can get creative by transfer to alliance partners but that’s fairly expert level stuff as opposed to their target audience.

  • Is this card better than the Chase freedom unlimited for everyday spending?

    • I’d give the Chase Freedom the edge if you have a premium Chase card like the Ink Biz Preferred, Sapphire Preferred / Reserve that let you transfer points to Ultimate Rewards Partners. If you are just looking at the Chase Freedom as 1.5% cash back after the first year, the Venture Card is probably a better value for ongoing spending. 2% back vs 1.5% and the ability to earn 1.5X airline miles with the Venture without needing any other card.

  • They’ve got great international partners but nothing on US domestic carriers.

    • Seems like it could be tough for Cap One to add any of the major US carriers… the banks presently with partnerships certainly wouldn’t want to let them go, nor would they be interested in losing exclusivity. Cap One would need to be highly motivated and make a significant play to steal one of those deals.

  • Flexible rewards simply become more valuable than ever.

  • This card used to be just a cash=back card that could only be used for travel (so I didn’t think it was worthwhile) Now that they have made all the improvements, I am re-considering my dismissal of this card.

  • I’m going to miss the 10X Hotels.com when it goes away.

    • And, you are not alone in that sentiment, on AW and beyond. Let’s hope they reconsider or replace it with an offer of comparable quality!

  • Steven William Van Meter says:

    I was won over when I learned 2 of the 14 airline partners have an inferior transfer ratio, reducing the earning rate to only 5X. This one is higher.

  • I am still so put off by the extremely disingenuous use of the term “miles” in describing these points, that I likely won’t apply. If they are miles, I should be able to transfer one “mile” to an airline program, and get one mile, no?

    This is blatant false advertising, intended to take advantage of people who aren’t familiar enough with the program to know that they aren’t getting, in any way, miles.

    • Hey Jon, I definitely understand your point that this could be confusing, but it’s also true that different kinds of points/miles have different values. One Delta SkyMile isn’t the same as a United MileagePlus or Singapore Krisflyer mile.

      I disagree that Venture cardholders aren’t “getting, in any way, miles”. The key point for us is that the Venture earns 2 “miles” per dollar, so it effectively earns 1.5 airline miles on all purchases, which is far better than most co-branded airline cards.

      • Yeah, there’s one extra step but it gets you to the same place. If you transfer your points into a program, you’re getting 1.5 miles per dollar you spent on EVERYDAY spending, not a specific category. That’s one of the best rates, or tied with the best rate of any airline card.

  • CARL ABUSHAKRAH says:

    The email I got said that the venture card doesn’t affect 5/24. Is this true?

    • Hey Carl, sorry for the confusion. The card will count against you for 5/24, but the Venture card is not subject to a rule like Chase’s 5/24. In other words, folks that are already over 5/24 (and can’t get cards from Chase) can still get this card. Unfortunately, all consumer (personal) cards will count against your 5/24 limit. Thank you for clarifying.

  • What’s the requirement for “New Customer” (to qualify for the bonus points)? Had a Venture Card before, but closed it almost 3 years ago.

    Does authorized user count? My wife was an authorized user on the account. Can she apply and get the bonus?

    • Most cards are 24 months with notable exceptions being Chase Sapphires at 48 months and Amex cards being once per lifetime.

  • I will not be getting this card because of 5/24 and I get better value from my Chase credit cards and I want to apply for the Chase Ink credit card.

  • Patrick B. says:

    it’s great to see another flexible reward program, and i hope to see more of them in the near future!

  • Do Capital One miles expire after you cancel the card?

    • Yes, you need an open account to hang on to your Capital One points. However, you can transfer the points to a partner program before you close the card, or you can transfer them to a friend or family member with an open Capital One account for safekeeping.

  • Cap one is a good all around card. Many great redemptions. They have been improving the product for years.

  • I can definitely see the benefits of the card but I do prefer my Chase Sapphire and Freedom family cards. Plus, I think my husband might take my purse away if I apply for anymore cards right now. I’m thinking about future trips and maybe I can slip one in later but not now.

    Maybe this would be better for people who cannot get a Chase card right now and looking to boost points with one of the transfer partners?
    Would it be something to hang on to in the long run? Or would this be a big contender to cancel and then get other cards you want to focus on for trips?

    • Chase points are a great alternative if you can get those cards (or already have them). I’d argue the Venture is a good value for the long term for purchases that don’t earn a bonus with another card (i.e. your 1x purchases). Freedom Unlimited is a pretty equal match for Venture in that department as long as you have a Chase card that can transfer to Ultimate Rewards partners. To me, the big game changer on whether I keep my Venture card is whether they extend the 10x on Hotels.com (or substitute with something else of similar value).

  • Margaret Wise says:

    Have had this card for almost a year. Happy with ease of earning points. Haven’t redeemed points yet but having airline partners is a Big plus !!

  • The hotels.com promotion is great if you don’t have status with a hotel, but once you do, it makes sense to book directly with the hotel chain.

  • I have already have the Capital One Venture cards for 4 months now. I have completed the required spending and received my sign-on bonus. Can I cancel and wait for the next 3-6 months to reopen this same account for another bonus? Thank you.

    • Hey Dan, I wouldn’t recommend closing the card to try to get a new bonus on the same card. Cap One will only approve 1 application every six months. I don’t know of any firm rules about when you might be eligible to get a bonus on a Capital One card you’ve had in the past, but I don’t believe there is a one-bonus-per-lifetime rule. The 6 month waiting period between applications is the only firm rule I know about.

  • This seems like a nice alternative for diversifying from Chase … will have to consider how usable the transfer partners are for my particular circumstance, but I’ve been trying to get better about taking advantage of airline partners for purposes of redeeming miles, so I will need to give this some serious thought.

  • Susan Fryrear says:

    When I went to sign up, the Chase Saphire card application came up and I was immediately rejected…5/24. I thought Capitol Venture didn’t turn you down for that. Looks like I signed up for the wrong card. Where is the correct link?

    • Hey Susan, I’m sorry for the trouble. I’m not 100% clear on what happened. Within the post, you’ll see boxes that say, “If you would like to support AwardWallet through an affiliate link, you can find more offers on our partner site.” That should be the correct link.

  • Be aware when applying that Capital One does a hard pull from all three of the credit bureau’s, for both personal and business card applications. That’s important if you’re worried about number of inquiries…

  • The added transfer option has really opened some new avenues to extract value here. 2% back on everything wasn’t bad – especially where you don’t have bonus spend options elsewhere, but the ability to transfer means you can potentially get much more value. No US transfer options are likely because all the US airlines are tied up with other competitors (United,SW – Chase; American – Citi/Barclays; Delta – AMEX; Alaska – BOA), which probably don’t allow for a competitor to be able to transfer in.

    • Yeah, no domestic affiliate hurts but it just forces you to get creative in the airline alliance world.

  • I didn’t know this card had transferable points!

  • Must be new customer to get bonus. I had the card about 2 1/2 years ago. Does that disqualify? How about my wife, who was authorized user?

    • Hey Eric, I’m not sure about your eligibility. There seem to be credible data points online that those who had the card in the past were eligible. Your wife’s status as an authorized user on another account shouldn’t impact her ability to get the card and bonus.

  • Hadn’t considered this card before but the 10X bonus for hotels does seem like a great deal.

  • Charles J says:

    It seems they just added JetBlue as a transfer partner with a nice bonus.

  • Brian G. says:

    I stay away from CapOne cards.

  • Nice! I knew that the Spark (Business card) could now transfer to airlines, but I didn’t know that the Venture (personal) card could also!

    Re the rewards sharing though, one thing to watch out for – a friend of mine shared a couple hundred thousand points to another friend of his and a few weeks later Capital One froze his card and asked for a bunch of documents. He sent them all in and they unlocked the account, but then another week or two later they shut his card permanently! Beware!

  • The Arts Traveler says:

    I have avoided Capital One for two decades. Maybe they are worth a look see now. At least they are making an effort!

  • can you combine points from a Venture card with points that I’ve accumulated from an old Capital One card?

  • Stacy Liu says:

    The purchase eraser is a great feature for this CC as well as the 10x the miles for Hotel.com

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