Capital One “Miles” have become a premier transferable currency system over the past several years. In addition to having the ability to cover travel charges with points, Capital One Miles can also be transferred to a range of airline and hotel partners, creating the possibility for high-value redemptions. Capital One is also among the easiest programs with which to combine rewards between your cards, or even between different cardholders.
These features mean that Capital One competes directly with other transferable points programs such as Chase Ultimate Rewards, Citi ThankYou Points, and Amex Membership Rewards.
Here’s everything you need to know.
How to earn Capital One “Miles”
Capital One Miles can be earned via credit card bonuses and regular “organic” spend. In addition, cashback rewards can be converted into miles if transferred to a miles-earning card.
Earn Capital One Miles from credit cards
The easiest and quickest way to earn Capital One “miles” is through Capital One® Venture® and Capital One® Spark® Miles credit card welcome offers. Below are the current cards that earn Capital One miles.
| Card Offer and Details |
|---|
75K Miles ⓘ Affiliate 75k miles after $4k spend within first 3 months. (Rates & Fees)$395 Annual Fee Recent better offer: Expired 3/14/22: 100K after $10K spend in 6 months + $200 credit for vacation rental spend in first year FM Mini Review: This card offers annual rebates that easily mitigate the fee for those who travel often. Authorized users are free and also get access to perks like Priority Pass, Capital One Lounges, Plaza Premium lounges, and more. The card earns 2 "miles" per dollar on most purchases just like the Capital One Venture Rewards card, which are worth exactly 1 cent each toward travel. This makes the return on most spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One huge advantage over cash back: Capital One allows transfering their "miles" to airline miles & hotel points. Click here for our complete card review Earning rate: 10X miles on hotels and rental cars booked via Capital One Travel ✦ 5x miles on flights and vacation rentals booked via Capital One travel. ✦ 2X miles everywhere else. Card Info: Visa Infinite issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: $300 annual credit for bookings made through Capital One Travel ✦ 10,000 bonus miles each year starting at first anniversary ✦ Up to $120 application fee credit for Global Entry or TSA PreCheck® ✦ Capital One Lounge access ✦ Priority Pass membership w/ unlimited guests (lounges only) ✦ Plaza Premium lounge access ✦ Cell phone insurance ✦ Trip insurance ✦ Primary CDW coverage ✦ Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points |
| Card Offer and Details |
|---|
75K Miles ⓘ Affiliate 75k miles after $4k spend within first 3 months. (Rates & Fees)$95 Annual Fee Alternate Offer: Airport Kiosk offer of 80K miles after $4K spend in the first 3 months See this post for details. Recent better offer: Expired 9/9/24: 75K after $4K spend in 3 months + $250 Capital One Travel credit in first cardholder year FM Mini Review: This card earns 2 "miles" per dollar, which are worth exactly 1 cent each toward travel. This makes the return on spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One big advantage over cash back: Capital One allows transfering their "miles" to airline miles & hotel points. Click here for our complete card review Earning rate: 2X miles everywhere ✦ 5X miles on hotels, vacations rentals and rental cars booked via Capital One Travel Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: Receive up to $120 application fee credit for Global Entry or TSA PreCheck® ✦ Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees |
| Card Offer and Details |
|---|
20K miles ⓘ Affiliate Earn 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening. (Rates & Fees)No Annual Fee FM Mini Review: Decent welcome bonus for a card with no annual fee, but other cards offer better rewards for ongoing spend. Click here for our complete card review Earning rate: 1.25X miles everywhere ✦ 5X miles on hotels and rental cars booked via Capital One Travel Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points |
| Card Offer and Details |
|---|
50K Miles ⓘ Affiliate Earn a one-time 50K miles bonus when you spend $4,500 in the first 3 months. (Rates & Fees)$0 introductory annual fee for the first year, then $95 Note: Most Capital One Business credit cards (including this one) DO count against Chase's 5/24 Rule FM Mini Review: This card is similar to the Spark Cash Plus card, but it has the advantage that "miles" earned with this card can be transferred to a large number of airline & hotel programs. Earning rate: 2X Miles everywhere ✦ Earn 5X miles on hotels, vacations rentals and rental cars booked through Capital One Travel Base: 2X (2.9%) Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees ✦ Up to $120 fee credit for TSA PreCheck® application fee or Global Entry application fee |
| Card Offer and Details |
|---|
50K Miles ⓘ Friend-Referral 50K after $4,500 spend in 3 months from account openingNo Annual Fee Note: Most Capital One Business credit cards (including this one) DO count against Chase's 5/24 Rule Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card is similar to the Spark Cash Select for Business, but rewards are intended to be used to offset travel purchases. This is a good option for business owners who prefer simple rewards with no annual fee, and who value free travel over cash back. If you spend more than $19K per year, though, go for the 2X Spark Miles card. Earning rate: 1.5X miles everywhere ✦ Earn 5X miles on hotel and rental car bookings through Capital One Travel Base: 1.5X (2.18%) Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees |
Earning through Capital One Shopping and Capital One Offers
Separate from its rewards programs, Capital One also offers a couple of ways to earn rewards through shopping, both for cardholders and non-cardholders alike.
Capital One Shopping (no Capital One card required)
Capital One Shopping is a public shopping portal that does not require a Capital One card or account. Rewards earned through Capital One Shopping are not in any way connected to a Capital One account (we include this shopping portal in the Capital One Miles guide mostly to keep the distinction clear as the portal is otherwise irrelevant to Capital One credit cards). Instead, cash back rewards earned through Capital One Shopping are banked in your shopping portal account and can only be redeemed for gift cards. Note that Capital One Shopping exists as a desktop website, a standalone app (not affiliated with the Capital One app), and a browser extension. We have seen some very good targeted offers for those with the extension installed
Capital One Offers for cardholders
Capital One credit card holders can find shopping portal-like offers within their online login. Clicking “View All Offers” brings you to a “Capital One Offers” page. This page works like a shopping portal in that you’ll need to click through the buttons found on that page to go to a retailer and make a purchase. The associated cash back rewards are applied to your Capital One account as a statement credit within a few billing cycles.
In our experience, we have only earned rewards on these purchases when using the associated Capital One card to pay at checkout. However, we have had scattered reader reports from people who clicked through from these offers, used a non-Capital One card to pay for their purchase, yet still received the statement credit rewards from Capital One. YMMV.
How to redeem Capital One “Miles
Capital One Miles can be redeemed for $0.01 each toward travel purchases or transferred 1:1 to most airline and hotel partners. Miles can also be redeemed for gift cards, usually at a value of $0.01 per mile in fixed denominations. That said, it’s usually possible to get even more value by transferring points to travel partners. Miles can also be converted to cash back, but these redemptions are a terrible value.
Erase travel purchases
Purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares are considered to be travel purchases for the purposes of receiving a statement credit via Capital One’s “Cover Travel Purchases.” Requests for a statement credit must be made within 90 days of the date the purchase posts to your account and can be done easily online. It’s worth noting that the ability to redeem towards purchases based on the category code assigned to them by the merchant.
Since you can make your purchases directly from travel providers, you can make bookings that qualify for elite credit / benefits and then apply your Capital One Rewards “miles” after the fact. Another somewhat unique feature in the Capital One system is that you do not need to have earned the necessary miles before making a booking since you have 90 days from the date the charge posts to your account to make a redemption.
Book through Capital One Travel
Capital One Miles can also be used to book travel at a value of $0.01 per 1 mile to book travel through Capital One Travel, the issuer’s travel-booking portal. While cardholders can already book travel through other channels and redeem miles at a value of $0.01 per mile, there are some reasons one might consider booking directly through the Capital One portal.
For starters, you can redeem miles from the start through the portal, eliminating the need to remember to go back and erase the charges after they post to your account. Also, Venture X and Venture X Business cardholders receive a yearly $300 credit for travel purchases, but redeeming the credit requires you to book through Capital One Travel. Additionally, we have seen the Capital One Travel portal offer travel-booking bonuses and discounts that could make it more appealing than a regular online travel agency like Expedia or Booking.com.
Venture X cardholders earn 10x miles for booking paid travel through Capital One Travel and regular Venture cardholders earn 5x miles.
The Capital One Travel portal can provide some interesting benefits. These include price matching and price-drop protection on flights when you book at a time that Capital One recommends.
Price matching within 24hrs of booking is a pretty standard practice in the online travel agency business but is less common via credit card portals. It’s great to see that feature here.
While we haven’t yet tested out price drop protection on flights, it sounds interesting from the Capital One Frequently Asked Questions:
What is price drop protection?We’re so confident in our price prediction tool for flights that if you ‘book now’ when we recommend, we automatically offer free price drop protection. With price drop protection, we keep monitoring the price of the flight after you buy it, and if the price drops, we’ll give you a refund up to the maximum amount specified when you booked.
Transfer Capital One Miles to airline and hotel partners
Usually, the most valuable use of a transferable currency is to transfer points to travel partners in order to book high value awards. Your best bet is usually to wait until you find a great flight or hotel award before transferring points.
Transferring to your chosen program is simple: log in to your credit card account, click “Redeem” under your Rewards Miles balance, then choose “Convert Rewards” to transfer to airline and hotel partners.
From there, select your chosen program and enter your loyalty account information as well as the number of miles you wish to transfer in increments of 100.
It’s notable that Capital One allows transfers in increments of just 100 miles (with a minimum of 1,000 miles). This makes it easier to top off an account more precisely and avoid orphaning extra miles when moving miles.
Current Capital One Transfer Bonuses
Capital One regularly offers transfer bonuses to some of it’s travel partners. Any current bonuses are listed here:
| Transfer Bonus Details | End Date |
Capital One Transfer Partners
| Rewards Program | Capital One Transfer Ratio | Best Uses |
|---|---|---|
| Accor Live Limitless | 1000 to 500 | Use to pay hotel bill with value of 2 Euro cents per point. In some cases (such as hotel to airline transfer bonuses) it may make sense to convert Accor points to the following airline miles at a 1 to 1 ratio: Finnair, Iberia, Qantas, or Virgin Australia |
| Aer Lingus Avios | 1 to 1 via BA | Fuel surcharges are sometimes lower when booking with Aer Lingus rather than British Airways, Qatar, or Iberia. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets. |
| AeroMexico ClubPremier | 1 to 1 | AeroMexico is a SkyTeam partner. Club Premier points can be used to book flights on AeroMexico, SkyTeam alliance members (such as Delta or Korean Air), or on select partner airlines. Unfortunately many have reported that awards are extremely difficult to book through AeroMexico so we do not recommend transferring points to this program. If you want to fly AeroMexico, look to transfer points to another SkyTeam partner (such as Air France) and then book AeroMexico with that program. |
| Air Canada Aeroplan | 1 to 1 | Redeem for Star Alliance flights and/or flights with Air Canada partners (such as Etihad). No fuel surcharges; $39 CAD award booking fee; 5,000 points to add stopover on one-way award. See: Air Canada Aeroplan: Everything you need to know. |
| Air France KLM Flying Blue | 1 to 1 | Monthly Air France Promo Awards often represent very good value. Air France miles can be used to book Sky Team awards, including Delta awards. Air France often offers very good business class award pricing between the US and Europe & Israel. |
| Avianca LifeMiles | 1 to 1 | Avianca LifeMiles can be great for Star Alliance awards. They offer reasonable award prices and no fuel surcharges on awards. They also offer shorthaul awards within the US (for flying United, for example) for as few as 7,500 miles one-way. Best of all, their mixed-cabin pricing can lead to fantastic first-class award prices. See this post for details. |
| British Airways Avios | 1 to 1 | While flights on British Airways itself often incur outrageously high fuel surcharges, many BA partners charge low or no fuel surcharges. Excellent value can be had in redeeming BA points for short distance flights. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets. |
| Cathay Pacific Asia Miles | 1 to 1 | Cathay Pacific has a decent distance based award chart, but they no longer allow stopovers longer than 24 hours. Cathay Pacific Asia Miles can be a good option for booking American Airlines flights with a distance based award chart, especially if other OneWorld Alliance miles aren't available. For long distance flights, it is possible to reduce the cost of a premium cabin award by adding on a lower cabin segment. See this post for details. |
| Choice | 1 to 1 | Choice Privileges points seem to be randomly valuable within the US, but dependably valuable internationally in expensive locations such as Scandinavia and Japan. Points can sometimes offer great value when used towards participating Preferred Hotels of the World. |
| Emirates Skywards | 1 to 1 | The best use of Emirates miles has been to fly Emirates itself. Unfortunately fuel surcharges can be extremely steep. One workaround is to book select routes such as JFK to Milan or Newark to Athens. See: How to find and book Emirates first class awards. |
| Etihad Guest | 1 to 1 | Etihad offers a distance based award chart for flying Etihad and another for its partners. Points may offer good value for expensive but short-distance flights. |
| EVA Air Infinity MileageLands | 1000 to 750 | If you want to fly one of the best business class products in the sky, the best way to snag EVA flights is with their own miles since they release more award space to their own members. One-way business class flights from the US to Taipei cost 75K to 80K miles. Fuel surcharges are very low on these routes. |
| Finnair Plus+ | 1 to 1 | Finnair points are now "Avios" and points can be moved to/from other Avios programs. Finnair uses zone based award charts rather than distance based. As a result, Finnair sometimes has better (and sometimes worse) pricing than other Avios programs. |
| Iberia Avios | 1 to 1 via BA | On their own flights, Iberia offers low award prices and a very reasonable 25 Euro cancellation fee. Partner awards can offer good value under some circumstances as well, but these are usually nonrefundable. Fuel surcharges are sometimes lower when booking with Iberia rather than British Airways, Aer Lingus, or Qatar. It's possible to move points (Avios) between Iberia, British Airways, Aer Lingus, and Qatar. See also: Avios Sweet Spots for Award Tickets. |
| Qantas Frequent Flyer | 1 to 1 | Best use is probably for flights on El Al with no fuel surcharges. Also useful for short AA flights. Qantas offers distance based award charts similar to Cathay Pacific. Both are OneWorld Alliance members. I recommend comparing award prices across both programs before transferring to either. Qantas offers round the world business class awards for only 280,000 points (but with many restrictions) |
| Qatar Privilege Club Avios | 1 to 1 via BA | Qatar has reasonable award prices for flying Qatar itself. Points are now transferable 1 to 1 to British Airways (and from there to Aer Lingus or Iberia). It is now also possible to book JetBlue flights with Qatar Avios. |
| Singapore Airlines KrisFlyer | 1 to 1 | Use to book Singapore Airlines First Class awards (generally reserved for their own members), Alaska Airlines economy awards, or for Star Alliance awards (including United Airlines). |
| TAP Air Portugal | 1 to 1 | |
| Turkish Airlines Miles & Smiles | 1 to 1 | Miles & Smiles offers a number of awesome sweet-spot awards including 7.5K one-way anywhere within the US, even to Hawaii. Many awards cannot be booked online but can be booked via phone or email. See: Turkish Miles & Smiles Complete Guide and Turkish business class sweet spots from the US. |
| Virgin Atlantic Flying Club | 1 to 1 | Virgin Atlantic offers a few excellent sweet spot awards. See: Best uses for Virgin Atlantic points (Sweet Spot Spotlight). |
| Wyndham | 1 to 1 | Wyndham often allows booking multi-room suites for the same price as a standard room. It's sometimes possible to get great value from points in that way. Bonus: award nights are not subject to resort fees. Additionally, you can book Vacasa vacation rentals for only 15K points per room per night. Wyndham Earner cards offer automatic 10% discount on award stays. |
Capital One Entertainment experiences (baseball games, concerts, and more)
Capital One Entertainment is a portal for booking tickets to events and experiences. While many of these redemptions offer poor value for miles, some can be outstanding.
For instance, we have seen Capital One Entertainment offer an incredible deal on great seats to Major League Baseball games: throughout the year, each stadium offers the same 4 seats for each home game. The special “cardholder exclusive seats” are usually within a few rows of the field and sometimes including club access – all for only 5,000 miles per ticket.
We have also seen a number of unique opportunities for tickets to other events like concerts and dining experiences, oftentimes including meet & greet access or other special perks. Tickets using points have been available to the NCAA Final Four and college bowl games. If you like attending live events, it’s worth keeping your eye on the “Cardholder Exclusives” section at Capital One Entertainment.
Redeem Capital One miles for cash back
Capital One Rewards Miles can be redeemed for 0.5 cents each either as statement credits or as cashback via check. That’s a very poor value and not recommended.
Other ways to redeem Capital One miles
Through the Capital One Rewards portal you can redeem Rewards miles for gift cards. Most merchant gift cards (like Amazon, Best Buy, etc) yield exactly $0.01 per mile, so a $25 gift card costs 2,500 Rewards Miles. We generally don’t recommend redeeming for gift cards since you can get a full $0.01 per mile toward travel bookings or even better value yet with transfer partners.
One notable exception is the ability for a very small number of cardholders to redeem for “Special Hotel Offers.” which are specific hotel gift cards offered at excellent rates. At the time of writing, this section of the Rewards portal offers a $900 gift card to Fairmont, Marriott, Ritz-Carlton, or St. Regis for 64,250 miles (Marriott, Ritz, and St. Regis cards are practically the same as any of them can be used at any Marriott property). This redemption yields a value of ~1.4 cents per mile and might be worth considering for those few cardholders targeted.
We believe that this capability only exists on some old Capital One cards that were opened during a specific window of time when this benefit was offered, so it won’t apply to most cardholders. Still, if you have an old Capital One account, it’s worth checking your account.
Those targeted for this redemption will not find the Special Hotel Offers under the “gift cards” section. To find these offers, log in to your credit card account, click on your Rewards miles balance, and then choose “Get Special Hotel Offers” as seen below (if you do not see this option, you don’t have access to it).
Best Uses for Capital One Miles
We an entire post devoted the best ways to use Capital One Miles. Either click here to read the entire or jump to a specific section below:
- Capital One Miles Sweet Spots: Hotels
- Capital One Miles Sweet Spots: Domestic US Flights
- Capital One Miles Sweet Spots: Caribbean / Latin America
- Capital One Miles Sweet Spots: Hawaii
- Capital One Miles Sweet Spots: Europe
- Economy class
- Premium Cabins (Business / First Class)
- Air Canada Aeroplan (For complex Star Alliance itineraries with no fuel surcharges)
- Air France / KLM Flying Blue (for Air France and KLM)
- Avianca LifeMiles (for Star Alliance with no fuel surcharges and cheaper mixed-cabin awards)
- Avios (for Iberia)
- Avios (Qatar Avios for JetBlue)
- Emirates Skywards (for Emirates)
- Turkish Miles & Smiles (for Star Alliance)
- Capital One Miles Sweet Spots: Africa
- Capital One Miles Sweet Spots: Asia
- Air Canada Aeroplan (for Star Alliance, especially complex itineraries)
- Avianca LifeMiles (for Star Alliance, especially mixed-cabin itineraries)
- British Airways Avios (for Qatar)
- Cathay Pacific Asia Miles (for oneworld)
- EVA Air Infinity MileageLands (for EVA or Star Alliance)
- Finnair Avios (for Cathay Pacific)
- Qantas Frequent Flyer (for El Al flights to Israel)
- Singapore Krisflyer (for expanded availability on Singapore)
- Capital One Miles Sweet Spots: Australia / New Zealand / Oceania
Managing Capital One “Miles”
Combine Points Across Cards
Capital One makes it very easy to combine Rewards between accounts. For example, to move Rewards miles from your Venture card to your Venture X card, simply open the card account from which you wish to move the miles, click on “Redeem” under your Rewards miles balance, and choose “Move Rewards”.
This will give you a drop-down menu where you can choose the account to which you want to send your Rewards miles. You can then enter the exact amount you wish to transfer. There is no minimum and the maximum is simply your current available rewards balance.
You can also move cash earned on Capital One cashback cards to miles.
While not a published program feature, if you click “Redeem” under your cash back rewards and choose “Move Rewards,” you can move cashback to your miles card at a value of $0.01 to 1 mile.
Cashback can be moved to miles cards, but miles cannot be moved to cashback cards. The conversion is one-way-only.
Share Points Across Cardholders
Capital One generously allows people to transfer miles to anyone else for free. There are no minimums and no limits as to the number of miles you can transfer to another cardholder.
While a cardholder can transfer online between their own accounts, you will need to call the number on the back of your card to move rewards to another cardholder. Capital One allows unlimited transfers from cardholder to cardholder and it’s even possible to call and move cash back from one person’s cashback card directly to points on another person’s miles-earning card. Again, this isn’t a published benefit and there’s always a chance that a phone representative may not know how to do it, but it can be done and is typically quite easy.
This can be very valuable because:
- If your spouse/sibling/parent/neighbor/cousin/friend is a few thousand miles short of having enough for a business or first class ticket when transferred to a partner, this feature makes it easy to top up and/or to combine with other transferable points to put together the desired award. Along the same lines, if you are redeeming points for several travelers and you would rather have them all on one reservation (rather than booking multiple tickets out of separate accounts), combining points across cardholders can make this easier.
- If a friend has elite status with a particular program, there may be instances where it could be beneficial to transfer your Capital One rewards miles to your friend so that they can transfer to the desired airline or hotel program and make the booking for you (for instance, a friend with Air Canada elite status may have access to additional award inventory or preferential pricing on Air Canada flights).
How to Keep Capital One Miles Alive
Capital One Rewards Miles do not expire as long as your account is open and in good standing. If you cancel an account with a Rewards miles balance, you will forfeit those rewards. For this reason, you’ll want to transfer to an airline partner or another Capital One miles-earning card via the methods above before canceling an account.
More guides to transferable currencies
This post is part of our series of guides to the currently available transferable currencies. Click the links below to read more.
- Amex Membership Rewards Complete Guide
- Bilt Rewards Complete Guide
- Capital One “Rewards miles” Complete Guide
- Chase Ultimate Rewards Complete Guide
- Citi ThankYou Rewards Complete Guide
- Wells Fargo Rewards Complete Guide (coming soon)
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Nice summary. A niche advantage of Capital One Travel Premier Collection could be for splurges on those non-point elite hotels like Rosewood, Belmond, One&Only, etc.. Unlike Chase’s “The Edit”, these bookings earn the full 10x Capital One points (vs. 3x URs using CSR via The Edit for “elite hotels”).
I saw little to no difference in final pricing between booking direct or Classic Travel website for Virtuoso, Bellini Club, etc. type bookings with similar guaranteed benefits like free breakfast, WiFi as C1 Premier Collection. I’d guess a hotel’s own program might result in a better “chance” for a room upgrade. Similar reasonable cancellation policies too. Downside is you pay C1 up front but then the points come up front too.
Just started looking and booking recently so no general conclusions. The transferable point haul is eye-opening. That once in a lifetime trip to the Brando could yield RT in J for two with C1 points. Niche, yes but then I’ve seen articles highlighting Aeroplan’s $1kk spending benefits.
Do european trains code as travel for Venture? Just checking before I put a zillioin dollars of trains on there in Switzerland.
Just got a big 1099 I was not expecting. I wish someone had written about what benefits are counted for the 1099. It very much lowers the value of the points awarded. I’m really embarrassed for having referred friends to get this card.
Strongly considering cancelling the card because of this.
You’ll get a 1099 for referrals with every issuer these days. There are no other benefits counted as income – just referrals (again, it’s the same with other issuers).
@Nick Reyes Reyes – Any idea what triggers C1 to send 1099-MISC now? Just got one.
Referrals
Any idea how they value them? 1002.95 was my 1099. I thought I had 4 for 80k. Can’t make sense out of the amount.
Also can’t seem to find any historical points view on C1 to confirm.
A penny a point with and odd amount of change (like your $2.95) that I don’t understand but isn’t probably worth follow up.
Venture X referrals are 25K. Venture are 20K. So if you had 4 Venture X referrals, there’s your $1K.
If you have Venture, it’s possible that you had a late 2021 referral but the points didn’t post until 2022. That happened to my wife – she had referred someone to Venture X when it launched in late 2021, but the points for that didn’t post until several months into 2022, so that counted on the 2022 1099.
Thanks Nick all venture X; guess I forgot the amount per. Odd when I called them they said they didn’t issue it and couldn’t tell me why I got one though. Even transferred me to the banking side to get the same answer.
Clearly should have spread out referrals between P1&P2 as I think 1or2 doesn’t trigger based on their 600threshold I’d found elsewhere.
Thanks for this article. I was sitting here like a dumbo wondering why the credits I earned through Capital One Shopping didn’t show up in my Venture X points balance.
I’ve had the Venture X for about 10 months and it’s my first Cap1 card. Am I barred from getting the regular venture card?
Nope. You can get both.
Just a data point: I have received an automatic credit after booking a flight through the Capital One travel portal. The price for the flight dropped a few days later and I got a credit for $52. I didn’t have to do a thing, it just appeared on my statement.
For those new to the game or open to a credit card ecosystem change, the article is great.
For seasoned hobbyists with an established credit card ecosystem, taken as a whole, Capital One seems to offer no meaningful incremental value over any other card issuer. The one exception is the Venture (and X) giving 2X without foreign transaction fees. Of course, capturing a sign-up bonus is nice but does one want to change ecosystems?
That being said, Capital One Shopping is something everyone should at least consider.
I don’t necessarily think you need to be changing ecosystems but rather adding. For someone who doesn’t have / doesn’t want / doesn’t think they qualify for an Amex Blue Business Plus, the Venture or Venture X could make for a great compliment to a set of Amex cards since it gives you:
A) Access to many overlapping partners (including most of the best Amex ones)
B) Access to a couple of additional useful partners (or potentially useful in Turkish and Wyndham)
C) A Visa card for those times when Amex isn’t accepted
D) No foreign transaction fees
E) Access to unique Capital One exclusives like those baseball tickets. I bought tickets for a couple of people — a seat 3 or 4 rows from the game for 5K points per person was pretty awesome (I think the tickets at Citi Field for the Mets game I went to were the farthest ones form the field that I saw — and we were still in the club section and ended up sharing the elevator with Mr. Met, which was cool for the kids). There have similarly been opportunities to redeem miles in not-unreasonable amounts for stuff like the Final Four and concerts including backstage access. In the right situation, that could be awesome. You aren’t typically getting access to stuff like that for good point value with Chase or Amex or Citi.
I actually think a Venture or Venture X can be a pretty solid addition to a developed wallet — though the issue here is of course that Capital One has historically been harder on approvals for those with many cards. That said, some people I know (including my wife) who have a bunch of cards did get approved for the Venture X, so YMMV.
I agree with the 2x with no foreign transaction fees. Absolutely.
Just a reminder that ACCOR points are pegged to the Euro… and the Euro is weak right now…so if you want to use your Cap1 points at Accor…. you’re probably better off using the points to pay yourself back rather than transferring to Accor.
Nick: Am Ex Travel provides me the ability to set up my mileage award programs in my profile. That means when I book w/ Am Ex, the mileage program for, say, American or United, automatically is added to the reservation. Does Capital One Travel offer this feature?
Please add a section how best to use the $200 vacation rental and $300 annual travel credits.
My AirBnB ended up posting as lodging and I have NOT got the $200 credit as of yet…it’s been a few days. In the terms it said it should post as rental. I hope they still honor that. Then they have a disclaimer about not being responsible for what things code.
am sure it will code correctly if paid thru airbnb. give credit 1-2 weeks
Called capital one and was told that miles can only be pooled between accounts of primary cardholder and I could transfer wife’s miles to my account.
Sorry could not transfer
All is nice, except that they do not approve people with many CC (which are us).
It might just be sour grapes from me, but I believe that any posting about Cap One should really mention the difficulty in getting approved.
I had sworn off Cap One years ago after I got denied for a Venture despite an 800+ credit score and few recent new accounts, but I got tempted this time with the reports of more people being approved. I applied for the Venture X a few days ago and denied again with the stated reason being that I have too many revolving credit accounts. (For the record I have 23 open cards.)
How long does it take for the SUB from the Venture X to post? I thought I read somewhere that it posts 1-2 days after minimum spend has been met regardless of the statement closing date.
That is correct. Capital One miles – whether those earned from purchases or intro bonuses – post within a few days of the date the charge posts to your account (typically 1-2 business days, maybe sometimes three).
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