Capital One Rewards Redemption | Capital One (2024)

FAQs

What is the best way to redeem Capital One rewards? ›

Paying for travel

The best way to redeem Capital One Miles is for travel. You can either use them to book travel through Capital One, or you can redeem them for credit on your statement against travel purchases.

Capital One rewards cards let cardholders earn cash back or miles on every purchase. Cardholders can redeem rewards for cash in the form of checks or account credits, gift cards, and more. Or they can use their rewards to cover recent purchases.

75,000 Capital One miles are worth up to $750 depending on how you redeem them. You can redeem Capital One miles for a statement credit, check or gift cards, for example, though you will get the best redemption value by using the miles to pay for Travel expenses such as airfares, hotels, car rentals and tours.

Redeem for Cash Back

Using your points for travel typically yields the most value for your rewards, but it's not the only option. Capital One allows cardholders to redeem rewards as cash back (in the form of a mailed check or an electronic statement credit), although only at 0.5 cents per point.

Chip Lupo, Credit Card Writer

100,000 Capital One miles are worth up to $770 when redeemed for Travel, according to WalletHub's research. You can also redeem Capital One miles for a statement credit, a check or gift cards, among other options, though the redemption value will likely be lower.

With Capital One, your rewards don't expire for the life of your account. Sign in to view and redeem your rewards today.

The Capital One QuicksilverOne card offers 1.5% cash back on all of your everyday purchases. The Capital One SavorOne card offers unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery stores.

Both miles and cash back cards have their benefits and drawbacks. But ultimately, consumers who prefer straightforward cash rewards will prefer cash back cards, and frequent travelers will prefer earning and maximizing rewards with miles credit cards.

Since miles are redeemed for 1 cent each for travel purchases, the required miles will vary based on the cost of your flight. If your flight costs $100, you'll need 10,000 miles to fly free.

What does 50000 miles get you Capital One? ›

How much is 50,000 Capital One miles worth? 50,000 Capital One miles are worth $500 for travel reimbursem*nts on your statement within 90 days. By strategically transferring to Capital One's airline and hotel partners, 50,000 miles could result in a much greater value of $1,000 — or more.

Capital One Shopping often offers coupon codes that fail to apply. For example, if the code is for 10% off your order of $50 or more, it won't work if you only have $40 worth of goods in your shopping cart. There are also times when you might run into expired coupon codes.

The best way to redeem Capital One miles is for travel purchases, including transfers to Capital One travel partners. Through the Capital One travel portal, you can redeem your miles for flights, hotel stays, car rentals, vacation packages and more.

Unlike other shopping portals that give you points, miles or cash back, Capital One Shopping earns you credits that can be redeemed for gift cards. Although it's not the same as getting cash, many merchants are available for your gift card redemptions, including Walmart and eBay.

$200 cash bonus once new cardholders spend $500 within 3 months of account opening. No annual fee and no foreign transaction fees. View important rates and disclosures. 8% cash back on Capital One Entertainment purchases with your SavorOne card and enjoy exclusive access and cardholder perks.