Mileage Redemption-Capital One
 

Hello:<BR>I just received recently my Capital One Miles One card with the annual fee of $19 and 9.9% APR - not a bad offer but then when I read the redemption schedule for a RT ticket to Europe, you need to accummulate 65,000 miles!<BR>This is good if you have a business or you travel frequently and get reimbursed from your company but for me it would take years before I;d be able to accummulate. I have checked with my mortgage company and they don't take credit card payment.<BR>Is there any other company out there who has a better offer than I've got to reach a certain miles quickly?<BR>Thank you for your response.<BR>

Good question.<BR><BR>ttt

Are you sure it's 65,000 miles? I have a Capital One, and I thought it was 55,000 for a coach class ticket to Europe. If you use it for everything (be sure to include groceries), you'll be surprised how quickly they add up. I just passed 55,000 after less than 3 years (part of the reason I'm concerned about your 65,000 mile statement is that I thought I had accomplished my goal).

I thought it was 55,000, too. I charge anything over $10, including cell phone and other utilities that do not charge a fee to do so. Too bad about the mortgage companies ;-( Also, I have just booked two tickets to Paris for $775, so rather than use FF miles for one, I will request cash back (1%) from Capital One and almost pay for both tickets.

I am based in the Uk and a fight to Asia was 40 000 miles until a few weeks ago- it is now 50 000 miles.

I have a Capital One card also and intend to use it for cash back rather than trying to get a ticket through them. I got it to accrue something (miles/money), but mainly because it has one of the lowest fees you'll find on cards that give you miles, has excellent interest rates (which I don't really use anyway, but still) AND has no foreign currency exchange surcharge. That's the main reason I got it, which to me are more important than the miles because I don't charge much anyway. That is also why I want the cash back, I do not have any business expenses or college tuition to charge to credit cards, so even if I charged almost everything like groceries, etc, I spend, it's less than $1000 a month.<BR><BR>I'm surprised any mortgage company takes a credit card (although I think someone on another thread said they did) because that means they are paying a percent to the CC company and also most mortgage companies want to make sure you aren't getting into debt for mortgage. <BR><BR><BR>I think you should look at the big picture as to what you are getting with that card vs a card that will give you a ticket with slightly fewer miles (I've never seen one less than 50K myself) but a much higher fee, interest rate and even foreign currency charges.

Has anyone actually had the experience of redeeming their miles from Capital One? Did you have to show that your total airfare was less than the dollar maximum stipulated on the terms of agreement?<BR>

Hi Elena and XXX:<BR>I;m looking at the page on the back of the welcome page Capital One sent me and it is 65,000 from US to Europe. From Alaska/Hawaii to Mexico/Caribbean/Canada it is 55,000!<BR>So I guess my option is like Cristina a cash back would make sense if you don't charge that much and since I don't own a business a cash back is the way to go.<BR>Thanks for all your replies.<BR>

Of course, instead of a Capital One card you could get a mileage credit card with one of the airlines, though most of them cost more than $19/year. I think American Airlines is only 50,000 miles for a US-Europe trip, though I've heard it can be difficult to get such award tickets unless you book way in advance.<BR><BR>I'm very happy with the AA mileage program, though, for what that's worth.<BR><BR>Andrew<BR>

I have a Capital One ff card and have used it for tickets in the US! Redemption for flights in the 48 states was simple. <BR><BR>I researched the available flights, called the 800-number, gave the representative the flight information for the flights I prefered, and the tickets were mailed to me. Capital One mails you the tickets and THEY purchase the tickets from the open market. So they will know if you're going "over" the allotted ticket amount. One time, the ticket amount went over the $400 limit by $12 and yes, I paid the difference on my credit card.<BR><BR>Capital One has different mileage requirements for different credit cards. Go Figure!!!! For my card, I need 65,000 miles to go to Europe! That's too many miles. Soooo, I use my American Airlines miles for 40,000/60,000 flights to Europe. You have to be "incredibly" flexible on your travel dates OR book the flights at least 10 months in advance.<BR><BR>For more information on frequent flyer credit cards and airline programs go to www.webflyer.com, they can answer any of your questions in detail. Good Luck, Marla