at ) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. *Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Here's a step-by-step guide showing how to use your Capital One miles at a fixed value. The process is relatively easy and doesn't require jumping through any hoops. If you aren't in the mood to search for award availability, you've found a screaming deal for cash airfare or you simply can't use airline miles for your travel expenses, redeem your Capital One miles at a fixed value. You'll fetch only 0.8 cents per point in value here, so this is a bad value proposition unless you have an offer to get steep discounts when using just one point at checkout. Redeem on Amazon - You can shop with points on Amazon.Redeem for cash back - You should do everything possible to avoid this option, as it will only provide a redemption value of 0.5 cents per mile.But since gift cards can often be purchased on sale, redeeming miles to cover travel purchases is a better option. Redeem for gift cards - You can use your Capital One miles for gift cards at the same rate of 1 cent per mile.However, you will still earn miles on flights booked this way and can still enjoy loyalty perks with Hertz* - but not with other rental car programs. As a result, you're likely better off booking travel directly and then redeeming your miles toward the charge on your statement credit. In addition, booking hotels through a third-party site - including Capital One Travel - would likely prevent you from earning points and enjoying applicable elite status perks. Book new travel - You can book new travel directly through Capital One Travel and redeem your miles at the same value of 1 cent apiece, but this would prevent you from double-dipping with any rewards program offered by an online travel agency.Redeem for recent travel - You can use your miles as credit toward travel purchases made in the last 90 days on your Venture or Spark card, done at a fixed rate of 1 cent each. However, not all of these are created equal: Related: Should you use cash or miles to book airline tickets? Fixed-value rewardsĬapital One provides a few options for getting a fixed-value return when you redeem your miles. Let's take a closer look at these two redemption alternatives. Transferring can get you a better value (especially for luxury rewards), but it's the ability to mix and match redemptions to suit your personal travel needs that gives Capital One such a unique edge here. You have two broad options for redeeming your Capital One miles: for a fixed value at 1 cent each or by transferring them to airline and hotel partners. The Points Guy will not share or sell your email. I would like to subscribe to The Points Guy newsletters and special email promotions. In this guide, we're going to share how to get the highest value out of the miles you've earned: redeeming your miles for flights. The value of these ever-popular travel rewards cards has only increased with Capital One's recent program improvements. New cardholders for each one can earn 75,000 bonus miles after you spend $4,000 on purchases within the first three months of account opening. New to The Points Guy? Download the TPG App or sign up for our daily newsletter!Īnd the issuer's top two travel cards - the Capital One Venture X Rewards Credit Card and the Capital One Venture Rewards Credit Card - are currently offering solid (and identical) sign-up bonuses. Capital One miles have gained value in our monthly valuations in recent months too, due to the addition of more transfer partners, improved transfer ratios and reduced transfer times for your miles to arrive at the destination program. It's been nearly four years since Capital One first added transfer partners to its travel rewards cards, and since then, the currency has blossomed into a quality points program - now boasting 14 airline and 3 hotel partners.
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