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Capital One Miles is the travel rewards program for Capital One credit cards. Only four Capital One credit cards offer Miles as rewards. Others, including the Capital One® Quicksilver® Cash Rewards Credit Card, offer cash back.
The program has seen some upgrades in recent months, including the addition of airline transfer partners that allow you to transfer points at a rate of 2 Capital One Miles for 1.5 airline miles, with a few exceptions. This is a fair transfer rate and gives you the flexibility to fly many different carriers, including international airlines, and combine your Miles with the airline’s miles for free flights.
The Capital One Miles program is easy to navigate, offering the same miles for every purchase — with some exceptions for signup bonuses and special offers.
You don’t have to think about which credit card to use for specific purchases. Just pull out your Capital One Miles card and start earning miles you can redeem for travel purchases, statement credits, gift cards and more.
Our Capital One Miles guide will show you how to get the most value from your travel miles credit cards, including the highly rated Capital One® Venture® Rewards Credit Card.
Which credit cards offer Capital One Miles?
Here’s a quick overview of the four Capital One cards you can use to earn Miles:
|Rewards earned||New cardmember offer||APR||Annual fee|
|Capital One® VentureOne® Rewards Credit Card||1.25 miles per dollar on every purchase, plus 10x miles on purchases through hotels.com/venture||20,000 bonus miles after making $1,000 in purchases in the first three months||0% intro APR for 12 months on purchases, then 13.74% – 23.74% variable||$0|
|Capital One® Venture® Rewards Credit Card||2 miles per dollar on every purchase, plus 10x miles on purchases through hotels.com/venture||50,000 bonus miles after making $3,000 in purchases in the first three months||17.49% – 24.74% variable||$0 for the first year, then $95|
|Capital One® Spark® Miles Select for Business||1.5 miles per dollar on every purchase||20,000 bonus miles after making $3,000 in purchases in the first three months||0% intro APR for 9 months on purchases, then 14.74% – 22.74% variable||$0|
|Capital One® Spark® Miles for Business||Unlimited 2 miles per dollar on every purchase||50,000 bonus miles after making $4,500 in purchases in the first three months.||18.74% variable||$0 for the first year, then $95|
Unlike other credit card reward programs, such as Chase Ultimate Rewards®, you cannot turn Capital One cash back rewards into Capital One Miles. If you want to earn Miles, you need a Capital One Miles card.
How do you earn Capital One Miles?
To earn Miles, use your Venture, VentureOne, Spark Miles for Business or Spark Miles Select for Business card to make eligible purchases. It’s that easy.
There is no limit to the number of miles you can earn, and unlike other rewards programs, the miles you earn per dollar won’t drop after you hit a certain spending threshold.
There are also no spending categories to remember — all purchases are worth the same number of Miles according to the card you carry.
Both the Venture and VentureOne cards offer 10x miles per dollar for purchases made at Hotels.com at hotels.com/venture.
All four Capital One Miles cards offer welcome bonuses if you spend a certain amount of money during the first three months of card ownership.
What are Capital One Miles worth?
The Miles program couldn’t be simpler. There are no complicated formulas or seemingly random points values for different flights or trips.
If you redeem Miles for travel or gift cards, each Mile is worth 1 cent. You can also use Capital One’s Purchase Eraser to “erase” travel purchases from your credit card statement at the same rate. So, 50,000 miles erases $500 in travel purchases. You can only erase travel purchases made in the last 90 days, which is a good incentive to erase your purchase quickly.
When you transfer points to a Capital One Miles partner, in most cases you’ll get 1.5 airline miles for every 2 Capital One Miles. Emirates Skywards and Singapore KrisFlyer are the exceptions, giving you only 1 airline mile for every 2 Miles.
Try to avoid redeeming miles for cash back, because the value drops by 50%. So, 2,500 miles only gets you $12.50 as a statement credit or a check, while those same miles would be worth $25 in travel. Especially since you can get statement credits on travel purchases at the higher value, it doesn’t make sense to redeem your Miles for cashback on other purchases.
How to use Capital One Miles
If you’re almost ready to apply for a Capital One Venture, VentureOne or business credit card, you may be wondering, “How do I use my Capital One Miles?”
First, visit the Capital One banking page and then log in to the Capital One rewards portal. You’ll see four redemption options listed:
- Gift cards
- Other options
Under the Travel heading, you can choose to book travel, redeem points for a statement credit on a past travel purchase, or find special hotel offers through Hotels.com/Venture.
The “Gift cards” heading sends you to a page where you can redeem points for popular gift cards. “Cash” gives you the choice of a statement credit or check by mail. But remember, your points won’t go as far if you redeem for cash.
Finally, the “Other options” link offers miles transfers, including the newly expanded airline partner program.
Can you transfer Capital One Miles?
Transferring points to Capital One transfer partners or to other cardholders is easy through the portal. Best of all, when you transfer points to other cardholders, the points don’t lose value.
Capital One Miles make a great anniversary gift, a little extra something for newlyweds planning a honeymoon or for friends and family planning a trip together. Simply enter the name and account number of the Capital One cardholder to transfer your points.
Current Capital One transfer partners include:
- Aeromexico Club Premier
- Air Canada Aeroplan
- Air France/KLM Flying Blue
- Alitalia MilleMiglia
- Avianca LifeMiles
- Cathay Pacific Asia Miles
- Etihad Guest
- EVA Infinity MileageLands
- Finnair Plus
- Hainan Fortune Wings Club
- Qantas Frequent Flyer
- Qatar Airways Privilege Club
- Emirates Skywards
- Singapore KrisFlyer
You have to transfer a minimum of 1,000 miles, but after the first 1,000, you can transfer miles in increments of 100. You cannot undo a transfer once it’s complete, so make sure you’re transferring the amount of miles you intended.
Capital One warns that transfers may take up to five business days to complete, so be sure to initiate the transfer well in advance of when you want to book your trip. On the bright side, seven of the travel partners offer instant transfers, while many others take 24 to 36 hours rather than five business days.
How many Miles do I need for a flight?
With so many airline transfer partners, it’s difficult to determine a specific minimum of miles you need for a flight. Every airline has different ways of valuing miles and other types of rewards.
Remember, if you aren’t happy with the offers currently available on transfer partner airlines, you can always book your flight through the Capital One portal. You can also use your Capital One travel rewards card to purchase a flight through any platform and then redeem your miles for a travel statement credit.
Why we like Capital One Miles
It’s the flexibility of Capital One’s “no hassle” Miles program that makes it a favorite of ours. Even newcomers to travel rewards credit cards will find the program easy to use.
Since you earn miles on every purchase, with no cap, your miles can add up quickly.
With 14 international travel partners, plus no foreign transaction fees on the card, you’ll want to carry a Capital One Miles card for business or leisure travel anywhere you go, including trips abroad.
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