Capital One Venture credit cards have become very popular credit cards for reward travel. They are great cards for beginner travel hackers and offer a huge amount of flexibility in redeeming your miles. The easiest way to use your Venture Miles is towards statement credits on travel purchases. This travel “eraser” makes them super easy for a beginner to use.
Capital One Venture Miles is also a transferable currency, like Chase Ultimate Rewards, American Express Membership Rewards, and Citi ThankYou Points. This means that you can use your miles and transfer them directly to certain airlines and hotels. Generally, you’ll get the most value out of your points by transferring them.
Let’s get into the details about the Venture cards:
This card earns 2 points for each dollar spent on every purchase. Simple as that! It has a $95 annual fee, but you can get up to $100 credit towards Global Entry or TSA Precheck.
This is our favorite Capital One credit card due to its great airport lounge access. It has a $395 annual fee, but that includes a $300 statement credit for travel booked through Capital One Travel, Priority Pass airport lounge access for you and up to 2 guests, AND access to the new Capital One airport lounges, and a 10,000-mile bonus after the renewal of the card each year. It also includes a $100 credit towards Global Entry or TSA Precheck, no foreign transaction fees, Hertz President’s Circle status, primary car rental coverage, trip insurance, and more!
Capital One’s no-annual-fee card is a great choice if you want to downgrade one of the two cards above to a no-annual-fee card. Otherwise, I would not waste a 5/24 spot on it.
The easiest way to use your miles from your Capital One Venture credit cards is towards statement credits on travel purchases. When used in this manner each mile is worth 1 cent. Your 60,000 Venture Miles from the Capital One Venture Reward Credit Card are worth $600. What is great about this card is it is very flexible! You can use your points to pay for an Airbnb, Disneyland tickets (just make sure you purchase from a travel agency like Get Away Today so it codes as travel), rental cars, cruises, hotels, airlines, and a vacation package bought from a travel agency, and more.
To use your points in this way make sure you purchase your travel on this card. You will then have 90 days to log into your account and “erase” the purchase! Trust me, it is very easy!
Another way to use your miles is to transfer them to Capital One’s airline and hotel partners. Capital One partners with the following airlines and hotel brands. All, except for the last two, transfer at a 1:1 ratio. You can get a lot more value out of your points when you transfer them! Make sure you find the flights you want to book and verify that there is availability before you transfer your points. Transfers are one-way.
As I mentioned above, transferring your points to one of Capital One’s partners can get you a lot more value than $600. But, if your travel goals are to go to Disneyland or you want to keep it super simple, then using your points to offset those costs could be the best choice for you!
You can transfer your Venture miles from your Capital One Venture Credit Cards to British Airways and book a roundtrip flight to Hawaii from the west coast for 26,000! At that price, you could get two roundtrip flights and have points left over! You’d be flying on an American Airlines plane or an Alaska Airlines plane, depending on which city you fly out of. We’ve got a whole blog post about how this works, so check that out for more information.
Recently, my mom went to Greece with her sister. To get there, she flew business class on Lufthansa from Chicago to Santorini. She booked her flight through Avianca Lifemiles, which is a partner of Capital One. The cost of her one-way flight was 63,000 miles and $72 in taxes. Her sister booked the exact same flight using United Miles and paid 70,000 miles! After meeting the minimum spend on your Capital One Venture card, you would have more than enough points to book a flight that costs 63,000 miles.
You could also transfer your points to Turkish Airlines and book a business class flight to Greece- or elsewhere in Europe for 45,000 miles one-way and just over $200 in taxes. In this scenario, you could be flying on Turkish, which has a really great business class. I was lucky enough to experience it back in 2018.
You can fly anywhere in the US (including Hawaii and Alaska!) for just 15,000 miles roundtrip when you book your United flight through Turkish Airlines Miles&Smiles. Airline alliances are a beautiful thing! 🙂 Want to fly to Canada or Mexico? You are looking at 20,000 miles roundtrip! It used to be a little challenging to make these bookings, but from what I hear, it is a lot easier, and you should be able to do it on the Turkish website.
Another option for booking an Airbnb using the purchase eraser is to book a Vacasa Rental through Wyndham. When booking through Vacasa, the cost is 15,000 points per room per night. A one-bedroom condo will cost you 15,000 points a night, a two-bedroom home will cost you 30,000 points a night, and so on. When you book with points, your taxes and fees are covered!
There are some great rental properties on Vacasa! Take this home in Newport Beach, CA. You could stay here for 4 nights. At $300 a night (the median price), your 60,000 points would have a value of $1,200!
Vacasa has rentals all over, including Hawaii. What’s great is some of these one-bedroom units have a basement or loft that isn’t included as a bedroom. I have seen some that sleep 8 people!
Capital One Venture credit cards offer so much flexibility when it comes to redeeming your points. You can use them to erase travel purchases which are super simple to do. If you want to get even more value out of your points, you can look at transferring them to one of Capital One’s transfer partners! Will you be adding one of these to your wallet?
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