The Capital One Venture Rewards credit cards have become very popular for award travel. They are great cards for beginner credit card points and miles users and offer huge amounts of flexibility in how you can redeem your miles. The easiest way to use your Venture miles is in the form of statement credits on travel purchases. Capital One Venture miles are also a transferable currency, like Chase Ultimate Rewards, American Express Membership Rewards, and Citi ThankYou Points. This means that you can transfer them directly to certain airline and hotel transfer partners. You’ll get the most value out of your miles by transferring them.
Capital One’s no annual fee card is a great choice if you want to downgrade one of the two cards above. Otherwise, I would not waste a 5/24 spot on it.
The easiest way to use your Venture miles is in the form of statement credits on travel purchases. When used in this manner, each mile is worth 1 cent. So 60,000 Venture miles would be worth $600. What is great about these cards is that they are very flexible! You can use your miles to pay for an Airbnb, Disneyland tickets (just make sure you purchase from a travel agency like Get Away Today so it codes as travel), rental cars, cruises, hotels, airlines, a vacation package bought from a travel agency, and more.
I also like these cards because they give you the option to shop around to find the best deal instead of being locked in and having to book with a certain hotel or airline. This is a great way to save on travel expenses that are more difficult to use other credit card points on, especially Airbnb and Disneyland tickets.
To redeem your miles this way, make sure you purchase your travel with one of these cards. You will then have 90 days to log into your account and “erase” the purchase! Trust me, it is very easy!
Another way to use your miles is to transfer them to Capital One’s airline and hotel partners. Capital One partners with the following airlines and hotel brands. All (except for the last two) transfer at a 1:1 ratio. You can get more value from your miles when you transfer them! Make sure you find the flights you want to book and verify that there is award availability before you transfer your miles. Transfers are one-way.
As I mentioned above, transferring your miles to one of Capital One’s partners can get you a lot more value than $600. But, if your travel goals are to go to Disneyland or you want to keep it super simple, then using your miles to offset those costs could be the best choice for you!
You can transfer your Venture miles to British Airways and book a round-trip flight to Hawaii from the west coast for 32,000 miles. Depending on which city you fly out of, you’d be flying on an American Airlines plane or an Alaska Airlines plane. We have a whole blog post about how this works, so check that out for more information.
Recently, my mom went to Greece with her sister. She flew business class on Lufthansa to get from Chicago to Santorini. She booked her flight through Avianca Lifemiles, a Capital One transfer partner. The cost of her one-way flight was 63,000 miles and $72 in taxes. Her sister booked the exact same flight using United miles and paid 70,000 miles! After meeting the minimum spend on your Capital One Venture card, you would have more than enough miles to book a flight that costs 63,000 miles.
You could also transfer your miles to Turkish Airlines and book a business class flight to Greece (or elsewhere in Europe) for 45,000 miles one-way and just over $200 in taxes. In this scenario, you would be flying on Turkish, which has a really great business class. I was lucky enough to experience it back in 2018.
You can fly anywhere in the US (including Hawaii and Alaska!) for just 15,000 miles round-trip when you book your United flight through Turkish Airlines Miles&Smiles. Airline alliances are a beautiful thing! 🙂 Want to fly to Canada or Mexico? You are looking at 20,000 miles round-trip! It is a little challenging to book these flights, but my mom has done it twice, and many of our readers have done it also.
Another option for booking a vacation rental is to book a Vacasa Rental through Wyndham. When booking through Vacasa, the cost is 15,000 points per room per night. A one-bedroom condo will cost you 15,000 points/night. A two-bedroom home will cost you 30,000 points/night, and so on. When you book with points, your taxes and fees are covered!
There are some great rental properties on Vacasa! Take this home in Newport Beach, CA. You could stay here for 4 nights. At $300 a night (the median price), your 60,000 points would have a value of $1,200!
Vacasa has rentals all over, including Hawaii. What’s great is some of these one-bedroom units have a basement or loft that isn’t included as a bedroom. I have seen some that sleep 8 people!
The Capital One Venture and Venture X cards offer so much flexibility when it comes to redeeming your miles. You can use them to erase travel purchases which is super simple. If you want to get even more value out of your miles, you can transfer them to one of Capital One’s transfer partners! Will you be adding a Capital One Venture or Venture X credit card to your wallet?
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