If you’re a Capital One® Venture® Rewards credit cardholder, or have heard of it, you probably know that you can maximize Capital One Venture miles when you transfer them at a ratio of 2:1.5 (or 2:1 in some cases). ) and then redeem them for rewards from loyalty programs like Aeroplan. Here we will explain everything about how Capital One Venture Card points work.
And if this seems confusing to you or you don’t know how it works, then you have come to the right place, because that is exactly what we are going to explain in the article.
In a nutshell: We are going to show you how your credit card can help you travel the world for free, once air travel is back on the table, of course. So sit back, get comfortable and start thinking about where you want to spend your next vacation once the crisis has passed, because we are about to make it happen.
Capital One Venture Rewards: A very attractive sign-up bonus
Although travel is not possible at the moment, things will return to normal over time, and if you take advantage of the tips that we are going to give you in this article, you will be well prepared with the miles on this card and the knowledge to redeem them effectively.
Now you’re probably wondering, “where can I go with 50,000 miles?” Well, since miles are a type of currency, they have a value. In this sense, Capital One miles are worth 1.4 cents each; so 50,000 x 0.014 = $700. That’s a lot! Enough for a round trip by coach (or as we like to call economy class travel in the aviation world), whether in the country or abroad… But we will deal with this later.
As we said, Capital One offers a bonus of 50,000 miles on its Venture card. However, to get them you have to spend $3,000 during the first three months you have the card. But this is not the only benefit, as you will earn 5x miles for every dollar you spend on hotels and car rentals, and 2x miles for every dollar on everything else. And those miles naturally add up over time. Now the card comes with an annual fee of $95.
Just as a reminder, never spend more than you can afford. The cardinal rule of points and miles credit cards is to pay your bills on time, in full, each month.
And how are Capital One Venture Rewards miles used?
Now that we’ve covered the bonus part, let’s talk about the fun part: What you can do with your miles. In late 2018, Capital One introduced airline transfer partners. And, in early 2020, Capital One added hotel partners to the mix.
In simple terms: One way to use the points or miles you accumulate with your credit card, including the registration bonus and the miles for daily spending, is by transferring them to hotels and airlines to reserve what is known as “award space”. Clearly, this isn’t an option right now, but when things get back to normal, you’ll be glad to have those miles on hand.
For a long time, Capital One only allowed you to use your miles to cover purchases your customers made abroad, and the “transfer partners” option was only offered by issuers such as American Express, Chase and Citi. So you can imagine that the introduction of transfer partners for Venture miles in December 2018 was big news.
Capital One’s transfer ratio
As a Capital One Venture Rewards holder (or future holder) you can transfer your miles to these programs: Aeromexico Club Premier, Air Canada Aeroplan, Air France-KLM Flying Blue, Alitalia MilleMiglia, Avianca LifeMiles, ALL Accor Live Limitless, Cathay Pacific Asia Miles, Emirates Skywards, Etihad Guest, EVA Infinity MileageLands, Finnair Plus, JetBlue TrueBlue, Qantas Frequent Flyer, Singapore Krisflyer and Wyndham Rewards.
For the most part, miles are transferred at a 2:1.5 ratio, so once you know the number of airline or hotel rewards you need, all you have to do is multiply it by 1,333 (2/1 .5) to get the number of Capital One miles you would need to transfer. The exception is Accor Live Limitless, Emirates and Singapore, which have a ratio of 2:1, so you would have to multiply the number of miles by 2.
You can transfer your miles to Air Canada’s Aeroplan program to book on Turkish Airlines. A one-way business class ticket to Istanbul (IST) only costs 57,500 Aeroplan miles; multiply that by 1,333 and you’ll need 76,667 Capital One miles to cross the Atlantic in style.
Do you prefer a first class flight? You can transfer the miles to Etihad Guest and book an American Airlines flight. Likewise, you can fly first class from Los Angeles (LAX) to London Heathrow (LHR) or Tokyo Haneda (HND) for just 62,500 Etihad Guest miles each way, although availability of these awards can be a bit tricky. In this case, you would need 83,334 Capital One miles.
A third (but less “glamorous”) option involves United and Avianca. We’ll save you the complicated details, but travel between select US states can cost as little as 6,500 miles each way (therefore, 8,667 Capital One miles), for which you must transfer your miles to the Avianca LifeMiles program.
If traveling is your thing, the credit card Capital One® Venture® Rewards should be on your radar. With one of the highest sign-up bonuses and reward rates on the market, you can get some very, very attractive prizes, like first-class airline tickets. Also, this card is especially a good option if you want travel rewards without having to navigate a complicated redemption system..