As soon as you have collected a haul of Capital One miles, it is time to begin brainstorming how you are going to redeem them.
Right here at TPG, we frequently discourage holding on to your miles. They could be a unhealthy long-term funding, so it is best to start out pondering of redemption choices as early as doable.
Whereas we frequently suggest transferring your Capital One miles to one of many issuer’s 15-plus switch companions to maximise their worth, that is not all the time the very best thought for each state of affairs. It’s possible you’ll discover an exceptionally low cost journey deal, be too busy to chase award availability or wish to maintain your miles versatile in Capital One’s ecosystem.
Should you worth simplicity, your Capital One miles can go fairly far. That is as a result of you’ve got a number of fixed-value redemption choices with which you’ll redeem your miles for journey purchases, experiences, present playing cards, money again and extra.
Here is what Capital One cardholders ought to know.
Capital One miles: Fastened-value redemption choices
Listed below are the fixed-value redemptions you can also make with Capital One miles:
| Redemption choice | Per-mile worth |
|---|---|
| E book a visit by way of Capital One Journey | 1 cent |
| Cowl a latest journey buy | 1 cent |
| Capital One Leisure | 0.8 cents |
| Reward playing cards | 0.8 cents |
| Store on-line by way of Amazon or PayPal | 0.8 cents |
| Money again | 0.5 cents |
To view your choices, log in to your Capital One account and click on the “View Rewards” button beside your mileage stability.
Then, you can see all your redemption choices — together with the fixed-value decisions outlined above.
With these fixed-value redemption choices, you possibly can anticipate to obtain 1 cent per mile in worth once you redeem for travel-related purchases made by way of Capital One Journey or along with your eligible Capital One card inside 90 days.
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Capital One’s web site states that the next purchases are typically thought-about journey for the needs of overlaying previous purchases, however notes that availability is predicated on the class that the service provider assigns:
- Airways
- Bus strains
- Automobile rental companies
- Cruise strains
- Resorts
- Limousine providers
- Rail strains
- Taxi cabs
- Timeshares
- Journey brokers
Once you redeem miles for Capital One Leisure purchases, present playing cards or on-line purchasing with Amazon and PayPal, you may obtain 0.8 cents per mile. Redeeming miles for money again nets the bottom fixed-value redemption, at 0.5 cents per mile.
After all, you could possibly all the time switch your miles to Capital One’s companions to probably get a better redemption worth. Per TPG’s November 2025 valuations, Capital One miles are value 1.85 cents apiece, and transferring your miles to a loyalty program companion resembling Air France-KLM Flying Blue might web you much more worth.
For instance, you possibly can guide a one-way ticket from John F. Kennedy Worldwide Airport (JFK) to Paris-Charles de Gaulle Airport (CDG) in Air France enterprise class for 60,000 miles and $242.50 in taxes and costs. The total-price ticket would value $2,158, which implies you’d get about 3.2 cents per mile in worth by transferring your Capital One miles to Flying Blue.
Nonetheless, this selection requires extra effort than the fixed-value decisions we’ll element on this article.
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E book a visit by way of Capital One Journey
You may obtain 1 cent per mile in worth once you redeem Capital One miles to guide flights, resort stays, trip leases and rental automobiles.
All it’s important to do is go to the Capital One Journey portal and guide journey. From there, you may see your alternative of reserving with money or with miles.
After all, you may wish to keep in mind that there are a lot of advantages to reserving instantly as an alternative of going by way of a portal like Capital One Journey. Once you guide instantly, you are assured elite standing perks (if you happen to maintain elite standing) and can earn factors or miles with a model’s loyalty program.
Nonetheless, this might be a great choice if you happen to’re staying at a boutique resort or reserving a one-off flight by way of an airline you do not steadily fly with.
Regardless, if brand-specific perks are essential to you, you may see that with our subsequent choice, you possibly can guide journey instantly and nonetheless offset the associated fee with Capital One miles at a charge of 1 cent per mile.
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Cowl a latest journey buy
That is the actual sport changer for journey fans trying to redeem Capital One miles at a hard and fast worth.
You possibly can guide a number of varieties of eligible journey purchases and use your miles to offset the cost in your eligible Capital One card — so long as the acquisition has been made inside the final 90 days.
To entry this redemption choice, merely click on “Cowl journey purchases” on the Rewards web page. You may see all eligible journey purchases right here and might choose what number of miles you would like to make use of to cowl the associated fee.
Capital One broadly defines journey right here, since you possibly can redeem miles for every thing from flights and resorts to coach tickets, Uber rides, Airbnb stays and taxi rides.
As soon as you choose the acquisition you’d prefer to cowl, you possibly can approve the redemption outright or edit what number of miles you wish to use and obtain partial credit score towards the cost.
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Capital One Leisure
You can too redeem Capital One miles at a hard and fast worth towards occasion tickets and experiences booked by way of Capital One Leisure.
With this selection, you may obtain 0.8 cents per mile redeemed.
This is not the most suitable choice for maximizing your rewards, however it’s a respectable alternative if occasion tickets take up a piece of your finances.
Nonetheless, we would not sometimes suggest redeeming miles this fashion since you may obtain lower than 1 cent per mile in worth.
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Reward playing cards
You can too use your Capital One miles to buy present playing cards for a wide range of retailers, together with Apple, Amazon and Airbnb. For many of those redemptions, you may obtain 0.8 cents per mile.
Nonetheless, chances are you’ll discover occasional gross sales with sure manufacturers — resembling Adidas, Neiman Marcus or Uber — that will web you barely greater worth, relying on the deal.
Since there are a lot of methods to purchase present playing cards at a reduction, that is unlikely to be the most suitable choice for redeeming your Capital One miles.
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Store on-line by way of Amazon or PayPal
Should you’re hoping to make use of your Capital One miles towards on-line purchasing, you possibly can elect to take action when trying out by way of Amazon or PayPal.
It is essential to notice you may obtain 0.8 cents per mile this fashion.
As a result of the redemption worth is much less beneficial than utilizing your miles for journey, we do not sometimes suggest utilizing your miles this fashion.
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Money again
Redeeming your Capital One miles for money again is the least beneficial choice, since you may solely obtain 0.5 cents per mile once you select this route.
You possibly can select to obtain your money again as a credit score towards your assertion or as a examine by mail.
Nonetheless, we typically don’t encourage this selection since there are many different methods to obtain extra worth on your hard-earned miles.
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Incomes Capital One miles
Should you do not but have a card that earns Capital One miles, contemplate making use of for certainly one of these private or enterprise playing cards with a profitable welcome bonus:
- Capital One Spark Miles for Enterprise: Earn 50,000 miles after spending $4,500 on purchases within the first three months from account opening.
- Capital One Enterprise Rewards Credit score Card: Earn 75,000 miles after spending $4,000 on purchases within the first three months from account opening.
- Capital One Enterprise X Enterprise: Earn 150,000 bonus miles after spending $30,000 within the first three months from account opening.
- Capital One Enterprise X Rewards Credit score Card: Earn 75,000 bonus miles once you spend $4,000 on purchases within the first three months from account opening.
- Capital One VentureOne Rewards Credit score Card: Earn 20,000 miles after spending $500 within the first three months from account opening. Plus, new cardholders will obtain a $100 Capital One Journey portal credit score to make use of of their first cardholder 12 months upon account opening (no spending is required to obtain the credit score).
- Capital One Spark Miles Choose for Enterprise: Earn 50,000 miles after spending $4,500 on purchases within the first three months from account opening.
The data for the Capital One Spark Miles Choose for Enterprise card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
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Backside line
When you can probably maximize your Capital One miles by transferring them to loyalty companions, redeeming your miles at a hard and fast worth is a unbelievable alternative for newbies or cardholders who worth simplicity above all else.
That is additionally a great choice for anybody who desires to redeem their miles to save lots of on purchases unrelated to journey, resembling Amazon purchases, present playing cards for holidays or live performance tickets.
With a number of redemption choices providing various values, it is value contemplating your decisions earlier than you redeem your miles.
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