


Here's how Capital One performs across other facets of the program we take into consideration: Redemption rates aren't the only variable we use to assess the value of points and miles. Given how easily you can surpass those rates with transfer partners, any redemption that yields less than 1 cent per mile should be ignored.


You can also redeem miles for gift cards at 1 cent per mile, for online shopping at 0.8 cents per mile, and for cash at 0.5 cents per mile. The second method is superior, since booking through Capital One may disqualify you from earning rewards on hotel stays. Capital One provides two methods for doing this: either pay with miles when booking directly through the Capital One Travel Portal, or make travel purchases with your eligible Capital One card and then redeem miles for a statement credit. In the case above, you'd be better off paying cash and using Capital One miles to offset the cost at a rate of 1 cent per mile. Use Capital One miles for other travel, gift cards, merchandise, or cash
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A round-trip award ticket booked through British Airways costs 26,000 Avios points plus $11.20 in fees. Transfer Capital One miles to British AirwaysĮconomy flights and standard hotel rooms provide consistent and accessible value, like this American Airlines itinerary between Los Angeles and Honolulu in April of 2023. Not all award redemptions will be so lucrative, but you can get a good return even without booking premium travel. The examples above showcase what's possible with Capital One miles. That's a welcome contrast to some other transferable points programs. Miles from a no-annual-fee option like the Capital One VentureOne Rewards Credit Card are eligible for the same redemptions as those from the top-tier Capital One Venture X Rewards Credit Card, so they carry equal upside for use with airline and hotel partners. One great feature of Capital One's rewards program is that all miles are transferable regardless of which credit card you use to earn them.
