You can easily redeem your miles for a fixed value of 1 cent each, in which case the 50,000-mile bonus would be worth $500 towards travel. But TPG's valuations peg the value of Capital One miles at 1.7 cents because you can transfer your miles to 19 airline and hotel partners.
One way to redeem Venture miles is at the rate of one cent per mile towards the cost of a travel purchase. This means you're earning two cents per dollar spent towards travel, since the card offers unlimited 2x Venture miles.
You need 100 Capital One miles for every dollar that a flight costs. Each mile is worth one cent when spent on travel. So, if your flight costs $200, you'll need 20,000 miles. That's a pretty standard rate for reward redemption.
It's recommended you apply for the Capital One® Spark® Classic for Business if your credit score is between 670 and 739. Once again, some applicants qualify with a score as low as 620.
You can have two Capital One cards at a time. ... Even with a two-card restriction, Capital One still offers some of the best rewards potential in the credit card game.
You can use the miles you earn toward nearly any type of travel purchase, or transfer them to 17 travel partners such as Air Canada, Flying Blue, Singapore Airlines and Accor.
But how you redeem your miles is really important, too. For example, the Capital One Venture Card's 50,000-mile initial bonus is worth $500 when used for travel but just $250 when redeemed for cash.
How many miles do you need to have for a free flight by airline? We sampled award miles needed for a one-way domestic flight, and found that consumers need between about 7,000 and 119,000 miles to get a free flight. In most cases, the cost of a round-trip flight is simply double what you see below.
How much are 50,000 Alaska miles worth? Based on our analysis, 50,000 Alaska miles are worth about $500.
Based on TPG valuations (and not provided by the issuer), your Capital One miles are likely worth up to around 1.7 cents each when they're transferred to loyalty programs. So if you choose to just earn the first 50,000-mile bonus, that's worth $850.
In other words, if you have 50,000 Capital One miles and you purchase a $350 hotel stay, you can completely redeem that transaction for 35,000 Capital One miles. Or, if you make a $600 hotel stay, you'll have enough miles to wipe $500 off of your bill — you can just pay the rest with cash.
Your travel credit card miles can take you wherever you want to go. With Capital One's travel rewards cards, you'll earn unlimited miles on every purchase you make. You can use your Venture or VentureOne miles rewards credit card to book any airline, anytime, anywhere with no seat restrictions or blackout dates.
Yet No Comments