Redeeming Miles with a Capital One Card
#1
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Redeeming Miles with a Capital One Card
Could someone please explain how one goes about redeeming miles with a Capital One card? I am thinking about getting the Venture card that has an offer to match miles that u have with certain cr card companies. But I'm not clear how one goes about redeeming the Capital One miles. Any difficulties with getting flights or doing the mileage redemption? Thanks
#2
Join Date: Feb 2011
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If you don't know how many miles you have, go to the Capital One website to find out and to find out how those miles translate into costs of travel transactions. For air travel, you arrange your own ticket purchases as normal, then you go back to the Capital One website to redeem them. It's easy. Just make sure that a transaction is less cost than the number of miles you want to use. If you're buying tickets for you and a spouse, this might mean that you buy them in two transactions if you don't have enough miles to cover the total costs...e.g., maybe you can only redeem the cost of one ticket with the miles you have.
#3
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Thanks, that's helpful! It sounds like from the airlines perspective it woudl be just likely a normally purchased ticket. Is this correct? I'm thinking about buying a ticket with Capital One miles and then upgrading with the airline. Is that possible?
#4
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capitalone.com/venture
piece of cake have done it a bunch
works with almost all airlines.
just give them a cal they will be happy to help.
Keep in mind they MATCH other airlines FF miles
then you accumulate 2 for 1 with Venture.
So if you do not have FF miles pick up
continental.com OnePass 30000 miles AA.com Advantage 40000
then you would have 70000 to match for a venture.
If you do not already HAVE a bunch of FF miles
stay with one of the others because they will not match them
piece of cake have done it a bunch
works with almost all airlines.
just give them a cal they will be happy to help.
Keep in mind they MATCH other airlines FF miles
then you accumulate 2 for 1 with Venture.
So if you do not have FF miles pick up
continental.com OnePass 30000 miles AA.com Advantage 40000
then you would have 70000 to match for a venture.
If you do not already HAVE a bunch of FF miles
stay with one of the others because they will not match them
#5
Original Poster
Thanks. Not sure what you mean by
"stay with one of the others because they will not match them"
Most of my miles are with United and have their Chase Visa United card. I thought that was one that Venture matched?
"stay with one of the others because they will not match them"
Most of my miles are with United and have their Chase Visa United card. I thought that was one that Venture matched?
#6
I have about 45,000 miles now with Capital One and am about to redeem (via website) -- I bought some business related air tix and reserved a room for a forthcoming trip. I can then redeem the purchases with Cap One miles with a point-to-dollar match, meaning they directly reimburse, say, my $300 Southwest Air tix for $300 worth of points (30,k).
However, if I get a "check" from them for my points or credit on my account unrelated to the travel purchases, I get half the value in reimbursement. ($150 for, say, $30k points). So of course for me better deal to reimburse the travel costs. I think you have a time limit (fairly generous) to get reimbursed for travel costs.
So you buy (with credit card) and then get reimbursed after the fact, at least how it looks to me.
I am also wondering about what qwovadid said re: card programs.
However, if I get a "check" from them for my points or credit on my account unrelated to the travel purchases, I get half the value in reimbursement. ($150 for, say, $30k points). So of course for me better deal to reimburse the travel costs. I think you have a time limit (fairly generous) to get reimbursed for travel costs.
So you buy (with credit card) and then get reimbursed after the fact, at least how it looks to me.
I am also wondering about what qwovadid said re: card programs.
#7
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"I'm thinking about buying a ticket with Capital One miles and then upgrading with the airline. Is that possible?"
Maybe, but you might need more miles to purchase an upgradeable fare. E.g., restricted fate of $400 is not upgradeable, but a $600 ticket is. Check with the airline to be sure which fare categories are upgradeable.
Maybe, but you might need more miles to purchase an upgradeable fare. E.g., restricted fate of $400 is not upgradeable, but a $600 ticket is. Check with the airline to be sure which fare categories are upgradeable.
#9
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CapOne says you can pick any flight you want and apply miles for payment, even after you have completed the travel. I read this to mean method of payment is unrelated to the airlines' fare codes (but I do not pretend to be an expert in these things, so you'd need to do some research).
#10
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WAS JUST READING THROUGH SAW THIS AND WAS CURIOUS AS TO HOW IT WORKS.
Keep in mind they MATCH other airlines FF miles ???
I HAVE AN AMERICA AIRLINES CARD AND TO BOOK A ONE WAY FLIGHT IT IS 20,000 MILES.
HOW WOULD I GO ABOUT GETTING CAPITAL ONE TO MATCH THIS ??
Keep in mind they MATCH other airlines FF miles ???
I HAVE AN AMERICA AIRLINES CARD AND TO BOOK A ONE WAY FLIGHT IT IS 20,000 MILES.
HOW WOULD I GO ABOUT GETTING CAPITAL ONE TO MATCH THIS ??
#11
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Capital One does not directly pay for your flight in "miles." You earn points with purchases. Once you have accrued points, you can go on to your transactions and apply them to an airline ticket you have purchased at the best price you can find. There aren't any black-out dates or times, because you are doing the booking yourself from the airline (or a travel agency should you prefer.)
I have a Capital One Venture card, but I use it for a back-up card when I travel (in case something happens to my primary card). I prefer the Bank of America Travel Card - because the points can be used retroactively for any travel-related expenses, including airline tickets (but also hotels, rental cars, cruise tickets, etc.) The website will list all the eligible expenses and how many points they are worth, going back at least a couple years.
I pretty much have everything on auto-pay to my card except my mortgage and power bill(they allow it without a 3% surcharge). I can go back years and choose travel-related charges and apply the points, and they will come off my current statement. I usually wait until I have 70,000 points or more and then take it off my bill. Last month I got $722 credited from old travel expenses I had charged last year.
Neither of the two cards charges an annual fee. And neither charges a foreign transaction fee, which many, if not most, other mainstream cards do charge.
A caveat - this is only a good plan if you pay off your card balance every month. Otherwise the interest charges would make it hardly worthwhile, in my opinion.
I have a Capital One Venture card, but I use it for a back-up card when I travel (in case something happens to my primary card). I prefer the Bank of America Travel Card - because the points can be used retroactively for any travel-related expenses, including airline tickets (but also hotels, rental cars, cruise tickets, etc.) The website will list all the eligible expenses and how many points they are worth, going back at least a couple years.
I pretty much have everything on auto-pay to my card except my mortgage and power bill(they allow it without a 3% surcharge). I can go back years and choose travel-related charges and apply the points, and they will come off my current statement. I usually wait until I have 70,000 points or more and then take it off my bill. Last month I got $722 credited from old travel expenses I had charged last year.
Neither of the two cards charges an annual fee. And neither charges a foreign transaction fee, which many, if not most, other mainstream cards do charge.
A caveat - this is only a good plan if you pay off your card balance every month. Otherwise the interest charges would make it hardly worthwhile, in my opinion.
#14
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I have the Venture Capital One card with an annual $59 fee. The first year is fee free, 40,000 miles after spending something like $3000 the first 3 months. So there you all ready have $400. The best value redemption is for travel expenses. Cash back and other purchases is 1/2 the amount. You can claim a partial redemption if you don't have the total number of miles to cover the expense of the travel transaction. I recently used $900 towards an AirBNB charge.
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