Capital One Miles: Start Traveling Now With the Simplest Rewards Program Around

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Capital One Miles: Start Traveling Now With the Simplest Rewards Program Around

Million Mile SecretsCapital One Miles: Start Traveling Now With the Simplest Rewards Program AroundMillion Mile Secrets Team

Signing-up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.

If you’re tired of worrying about blackout dates, available hotel award nights, airline award zones, and other complicated aspects of the miles & points hobby, you might want to collect Venture miles!

You can use Capital One Venture miles for nearly any travel purchase, like airfare, Lyft, car rentals, room service, and much more!  And they are extremely easy to redeem.

How To Use Capital One Venture Miles
Use Venture Miles to Stay at an Amazing Airbnb, Like This One in Bali!

I’ll give you step-by-step instructions for how to redeem Venture miles!

How to Use Capital One Miles

At their core, Capital One Venture miles are NOT “miles” at all.  They are points worth a flat 1 cent each that you can redeem towards any travel purchase, like airfare, hotels, tolls, and Uber.  They’re handy because you don’t have to think about searching for available airline award seats or hotel award nights!

To redeem your miles for travel, just buy travel like you normally would with your card.  Then, you have 90 days to sign into your online account, find the travel purchase, and “erase” it with your miles. I’ll show you how to use Capital One Venture miles!

Step 1.   Log-In to Your Capital One Account and Click Rewards

You’ll see the number of miles you have next to your card.  Click that number to begin redeeming your miles.

How To Use Capital One Venture Miles
Click the Number Next to “Rewards”

Step 2.   Click “Redeem Travel Purchases”

There are a few different ways you can redeem Venture miles, but you’ll get the best value by using them for travel.  For example, you can redeem for gift cards or a statement credit at 0.5 cents per point (a terrible value!).  But you’ll get a value of 1 cent per point towards travel.

You can book travel through the No Hassle Rewards portal using points.  Or you can just make travel purchases using your card, and then erase those purchases later.  To do this, click “Redeem Travel Purchases.

How To Use Capital One Venture Miles
Click “Book a Trip” to Use the No Hassle Rewards Portal, or “Redeem Travel Purchases” to Erase Previous Transactions

Note:   Whether you choose to redeem your points through the No Hassle Rewards portal or by erasing your purchase later, you’ll still get a value of 1 cent per point.

Step 3.   Choose the Purchases You Want to Erase

As long as a transaction codes as a travel purchase, you can erase it with Venture miles.  For example, you can redeem Venture miles towards purchases with travel companies like airlines, hotels, rental cars, and even tolls.  But you can NOT erase purchases you make at the grocery store, for example.

Sometimes it can be difficult to know for sure if something will code as a travel purchase.  Team member Joseph used Venture miles for Afternoon tea at a restaurant in the Burj Al Arab hotel.  The transaction coded as a hotel purchase because the restaurant was inside a hotel.  So he was able to erase the purchase with Venture miles.

How To Use Capital One Venture Miles
Afternoon Tea At the Top of the Burj Al Arab was 7 Courses, and Cost ~$160 per Person

But, he tried the same thing at a restaurant in the Drake Hotel in Chicago, and the transaction coded as a regular restaurant purchase.  So he could NOT erase it with miles.

Capital One will give you a list of the travel purchases you can redeem Venture miles for.  Just click “Redeem” to begin the process.

How To Use Capital One Venture Miles
Find the Purchase You Want to Erase and Click “Redeem”

Step 4.   Choose How Many Points to Redeem

You can choose whether you want to use miles to completely erase a purchase, or if you want to use a combination of cash and miles.  Select “Edit Miles Using” before you confirm your redemption.

How To Use Capital One Venture Miles
If You Want to Use a Combination of Cash and Miles, Click “Edit Miles Using”

There is NO minimum redemption amount when redeeming miles, unless you’re using miles to partially pay for a travel purchase.  In that case, the minimum is 2,500 miles ($25).

Step 5.   Redeem Your Points

After you’ve decided how many miles you want to use, click “Redeem.

How To Use Capital One Venture Miles
Click “Redeem” to Receive a Statement Credit

That’s it!  You should then see a confirmation number and a message below the transaction telling you that you’ve successfully redeemed miles.  You’ll also get an email confirmation.

How To Use Capital One Venture Miles
You’ll See a Green Confirmation Message

You should receive the statement credit by the next day.  And the redeemed miles will show up on your transaction history as “CREDIT-TRAVEL REWARD.

How To Use Capital One Venture Miles
Check Your Transaction History to Make Sure You Received a Statement Credit

Earn More Venture Miles

Link:   Capital One® Venture® Rewards Credit Card

Link:   Capital One® VentureOne® Rewards Credit Card

Link:   My Review of the Capital One Venture and Capital One VentureOne

You can earn lots of Venture miles by signing-up for Capital One credit cards!

The Capital One Venture comes with 50,000 Venture miles after you spend $3,000 on purchases within 3 months of account opening.  You’ll also earn 2 Venture miles per $1 on all purchases!  The card comes with a $95 annual fee, waived the first year.

The Capital One VentureOne comes with 20,000 Venture miles after you spend $1,000 on purchases within 3 months of account opening.  The card only earns 1.25 Venture miles per $1.  But there is NO annual fee.

To be approved for either of these cards, Capital One says you’ll need “excellent credit.”  They describe excellent credit to be anyone who has:

  • Never declared bankruptcy or defaulted on a loan
  • Has not been more than 60 days late on a loan in the past year
  • Has had a loan or credit card for 3+ years with a credit limit of $5,000+

Should You Apply?

If you’re a miles & points beginner, and plan to apply for lots of cards later, these are NOT good cards for you.  There are other credit cards with much better sign-up bonuses that earn more valuable points and have better travel benefits.  Venture miles are usually NOT worth as much as airline miles or hotel points.

Opening these Capital One cards could decrease your chances of being approved for great Chase cards later on.  That’s because if you’ve opened 5+ cards in the past 24 months (NOT counting Chase business cards and these other business cards), Chase will NOT approve you for many of their cards (though there are some exceptions).

Our favorite card for beginners is the Chase Sapphire Preferred CardHere’s why.

However, if you already have all the Chase cards you want or you’re happy with Venture’s straight-forward program, these cards are definitely worth a look!

Bottom Line

You can use Capital One miles for a wide range of travel purchases, like Airbnb stays, hotels, flights, and more.  And they’re easy to redeem!

Venture miles are usually NOT worth as much as airline miles or hotel points, but they’re also generally easier to use.  If you don’t want to deal with available hotel award nights, airline blackout dates, and award charts, you might be interested in collecting Venture miles.

Remember, these are NOT good cards to apply for if you’re just beginning in miles & points.  Because there are other better travel rewards cards to consider first.

Are Capital One miles worth the convenience?  Or would you rather collect other miles & points to get a better value?

More about Capital One:

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Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card

  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Someone enlighten me on why this would be better than a straight 2% cash back card with no AF?

Million Mile Secrets

The Capital One Venture has benefits that certain 2% cash back cards don’t have, but JoePro is right in that the sign-up bonus is definitely the biggest draw to this card. You won’t find a 2% cash back credit card with a $400 welcome offer!

In general, IMO it probably wouldn’t. With the sign-up bonus it might be worth signing up, meeting the requirements, then shelving. Assuming of course you’ve exhausted the sign-up bonuses on the 50+ better options 😉

Thanks for the good info on this card.

I notice it states in the terms that you can never have declared bankruptcy.
Is this a requirement for all premium cards? Or what is the general rule?

Million Mile Secrets

Thanks everyone for sharing your knowledge 🙂

Once a bankruptcy falls off your credit report, typically within 10 years, it does not prevent you from getting any credit cards. If you are within that 10 years, then you can try to get cards that are designed to help build credit and require a lower credit score. That way, when the bankruptcy falls off your report, you will have been building your credit in the meantime.

If the bankruptcy was more than 7 years ago (10 years for Chapter 7), it should be removed from your credit report, so that shouldn’t be an issue.

For one, I’d hardly call any Capitol One card “premium”. Frankly these cards fall far down the line for rewards enthusiasts.
But more importantly, I’d say the general rule is that if you’ve declared bankruptcy, you should really really really really really reconsider getting a credit card at all. Sure, people have the ability to change, and maybe there are some unique circumstances that push some towards bankruptcy. But in general if you’ve gotten yourself into a financial mess in the past, you’re asking for trouble by getting a credit card.
I’m also inclined to believe…. and maybe I’m way off base… but it seems to me that Capitol One cards are more likely to be picked up by people who are more interested in having and using credit than people who want free/premium travel options.

“… if you’ve gotten yourself into a financial mess in the past, you’re asking for trouble by getting a credit card.”

To be fair, many people are forced into bankruptcy by situations such as injuries/health issues, family emergencies, divorce, disasters such as hurricanes/tornadoes/etc. They aren’t necessarily careless with money or credit — just unlucky 🙁

Is true about not necessarily being careless with money.

My stance on credit cards is that they’re only good for the rewards, when I see someone looking at Cards that don’t really advance that goal, combined with asking about approval with a past bankruptcy, it’s a red flag to me.

*Capital One