Guide to Capital One Rewards program

Transfer miles to one of Capital One’s 15 airline partners.

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The Capital One Rewards program is known for being user-friendly with several solid card options. And now the program is even better as it recently introduced several airline transfer partners. All this makes Capital One a well-rounded rewards program worth a serious look.

Why should you sign up for Capital One rewards?

Capital One strikes a great balance between simplicity and flexibility. Most points are worth one cent each when redeemed through the Capital One program itself. Redemption options are also incredibly forgiving. For example, you can “erase” travel purchases up to 90 days after the fact with your points.

However, if you want to do the additional legwork, you can also transfer your points to travel partners for potentially bigger value.

How much are Capital One miles worth?

Capital One miles and points are worth one cent each. Like several other credit card rewards programs, miles and points are essentially identical. What your points are named depends on the card you’re using to earn them.

Our pick for Capital One rewards

Capital One® Venture® Rewards Credit Card

  • Earn 50,000 miles after spending $3,000 on purchases within 3 months from account opening
  • Earn 2x miles on all purchases. You can also earn 10x miles on eligible hotel purchase at hotels.com/venture through January 2020
  • $0 intro annual fee for the first year; $95 after that
  • Receive up to $100 application fee credit for Global Entry or TSA PreCheck
  • No blackout dates on travel bookings
  • Transfer miles to over 12 travel loyalty programs
  • Miles have no expiration date and no cap
  • No foreign transaction fees
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Capital One cards that earn Capital One rewards

Here are the cards that can help you earn Capital One rewards, with most falling into one of three categories: travel, rewards or cashback.

Of special note is the Capital One® Venture® Rewards Credit Card, which offers a bevy of travel perks, including an excellent 2% rewards earning rate.

Name Product Welcome offer Rewards Annual fee Filter values
50,000 bonus miles after spending $3,000 in the first 3 months
2x miles on all purchases and 10x miles at hotels.com/venture
$0 intro annual fee for the first year ($95 thereafter)
Earn 50,000 bonus miles after spending $3,000 on purchases within the first 3 months from account opening.
20,000 miles after spending $1,000 in the first 3 months
1.25x miles on all purchases and 10x miles at hotels.com/venture
$0
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
$150 cash back after spending $500 in the first 3 months
1.5% cash back on all purchases
$0
Earn unlimited 1.5% cash back on every purchase, every day.
$300 after spending $3,000 in the first 3 months
4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
$0 intro annual fee for the first year ($95 thereafter)
Earn $300 after spending $3,000 in the first 3 months.
$150 after spending $500 in the first 3 months
3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
$0
Earn $150 after spending $500 in the first 3 months.

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Card transfer capabilities

Note that you can only transfer points to airline partners with select Capital One credit cards. At the time of this writing, that list includes the Capital One® Venture® Rewards Credit Card, Capital One® VentureOne® Rewards Credit Card, Capital One® Spark® Miles for Business and Capital One® Spark® Miles Select for Business credit cards.

Transfer partners

Right now, Capital One offers 15 travel partners that support point transfers. Of these partners, only one is domestic to the US: JetBlue. Compared to Amex and Chase, who provide several domestic airline transfer opportunities such as Southwest Airlines and United, Capital One’s offerings could make finding a flight a little trickier, especially if you’re used to sticking with a single domestic airline.

Travel partner Transfer point ratio
Aeromexico Club Premier 2:1.5
Air Canada Aeroplan 2:1.5
Air France (Flying Blue) 2:1.5
Alitalia Millemiglia 2:1.5
Avianca LifeMiles 2:1.5
Cathay Pacific Asia Miles 2:1.5
Emirate Skywards 2:1
Etihad Guest 2:1.5
EVA Infinity MileageLands 2:1.5
Finnair Plus 2:1.5
Hainan Fortune Wings Club 2:1.5
JetBlue TrueBlue 2:1.5
Qantas Frequent Flyer 2:1.5
Qatar Airways Privilege Club 2:1.5
Singapore KrisFlyer 2:1

You’ll notice that most points transfer at a 2 to 1.5 ratio as well. While fairly good, this is a slightly lower ratio than Chase and Amex transfer ratios.

How to navigate your account

When you’re ready to redeem your rewards, sign in and click View rewards to see an overview of your available points or miles.

From the rewards landing page, you have the option to reimburse purchases or transfer your rewards. You can also click See all options to explore other choices for redemption.

If you choose to use your rewards for a travel purchase, a pop up will appear showing which purchases on your account are eligible for reimbursement.

You can also transfer rewards to one of Capital One’s partnered programs.

Other options for redemption include booking a trip through Capital One travel, getting gift cards or transferring your rewards to another Capital One account.

Bottom line

With strong card options such as the Capital One® Venture® Rewards Credit Card, Capital One rewards is a worthy rewards program that you’ll find especially appealing if you enjoy simplicity but like having additional options when you want to branch out.

Compare rewards cards to find a program that best suits your spending habits and redemption preferences.

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