How can you redeem miles for travel with Capital One Venture Rewards Credit Card?
Among various travel credit cards, Capital One Venture Rewards Credit Card is people favorite. People consider this card as it gives an outstanding signup bonus, high reward rate and redemption options are also hassle free. Here we will discuss on how to redeem miles for travel or flight. However if you are not aware of all the facts about Capital One Venture Rewards Credit Card and specially how to redeem rewards, knowing all this is what you want to know. Detail discussion about this is done as below:
Earning miles with the help of Capital One Venture Rewards Credit Cards
Earning miles with the help of Capital One Venture Rewards Credit Cards is simple and easy. One can earn unlimited 2X miles per dollar on all kinds of purchase. This purchase can be as low as a cup of coffee or as high as buying an air ticket for your travelling. If you keep your account open, your rewards do not expire once it is earned.
How can you redeem your miles for travel with the help of your Capital One Venture Rewards Credit Card
Not only it’s easy earning rewards with Capital One Venture Rewards Credit Cards but redeeming them is easy too. First step is to log in to your account. Now click on your reward amount and two ways to redeem your miles for travel will be shown. These are as follows:
I. Travel purchase eraser
In order to get statement credit on travel related purchases, click on Redeem Travel Purchases. Now here, select any travel related purchase that you have done in last 90 days. This purchase can be anything from taxi ride to flight, if it is coded “travel”. Now enter the amount that you wish to redeem at $0.01 per mile. You can either redeem for an entire travel purchase or even a portion as you wish. In case you go for partial redemption then you need to have minimum of 2,500 miles. Now before confirming just reviews your order. Once you submit your request, your statement credit will be applied between 2 to 3 working days.
II. Book a new reservation
You need not worry if you do not have any past travel purchase. Capital One has partnership with Orbitz and allows using miles to plan for a future vacation. Simply click on “Book a Trip” and you can redeem your rewards on flight, stay in hotel, vacation package or rent a car at $0.01 per mile. You then need to choose your departure city, destination and travel dates so that you can search for the right booking.
One of the drawbacks is that you are not allowed a partial redemption. Hence to cover the full cost, you need to have enough miles. One can also redeem their miles for cash, charitable donations and gift cards and many more. But one thing to remember is that many of these options value your miles at only half cent. Hence to get maximum benefit out of your rewards, redeeming for travel is the best option.
How to choose a credit card for you?
If you wish to get personalized recommendation for a credit card by the company, you need to tell them few important things. It is better if you know your credit score and in case you are not aware of it, the representative can help you figure it out. On knowing your credit score they can suggest you the credit card which is suitable to you.
Important features about the card
The reward structure of Capital One Venture Rewards Credit Card is simple. This is the main reason one should apply for the card. Other important features are as follows:
- On spending $3,000 on purchases that’s too within 3 months of approval will give you one time 40,000 miles bonus. This equals to $400 in travel.
- The annual fee for the first year is $0, then after it is $59. This is quite low as compared to other travel cards that are available in the market.
- There is no foreign transaction fee on card. Also, the card is chip and signature friendly. This is very beneficial to international travellers.
When we pay attention on details of Capital One Venture Rewards Credit Card, it is surely a good card to consider. However, if you still have any doubt about the card, you can compare it with other travel cards and choose the best suited to your needs.
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