6 unique ways to redeem Capital One Venture miles
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
If you’re anything like me, you’ve spent more time at home than ever before in 2020.
You’ve likely postponed trips and are now looking for new ways to use your points and miles. Or maybe you’ve realized you need to shift the type of rewards you’re earning.
With travel prices across the spectrum lower than we’ve seen in years, now may be the perfect time to simplify your miles and reward travel strategy. That’s why the Capital One Venture Rewards program, with its uncapped earning potential and flexible redemption opportunities, makes more sense than ever.
For more travel tips and news, sign up for our daily newsletter.
But what makes Venture miles so valuable is their flexibility. You can use them to purchase merchandise, buy gift cards or redeem them for a statement credit — but you’ll get even more value from travel redemptions.
Venture miles transfer to 15 travel partners and can be redeemed for travel expenses not usually covered by other frequent flyer, hotel and bank programs.
Luckily, Capital One has a broad definition of what purchases are considered travel expenses. In addition to obvious inclusions such as charges from airlines, hotels, trains and car rental agencies, you can also redeem your miles for vacation home rentals, rideshares, limousine services, bus tickets, cruises, taxis, trips booked through your travel agent, timeshares and more. Redemption availability depends on the merchant category code assigned to them by the credit card network (Visa or Mastercard, for example).
Given the array of possibilities, let’s a look at some of our favorite, unexpected ways to redeem Venture miles.
Vacation rentals and alternate accommodations
During the pandemic, short-term home rentals have become even more popular with travelers as an alternative to hotels. You don’t have to worry about sharing public spaces with other people, and you might even have a kitchen or private pool, which can limit the need to go out.
Vacation home rental sites rarely have loyalty programs of their own, but you can often redeem Venture miles as long as the charge codes as travel.
Ride-hailing apps and public transportation
Your rideshare or cab ride may not always be considered a travel purchase. But Capital One allows you to use your Venture miles on ride-hailing apps and taxis without a fuss.
If you ride the train, subway or bus, those tickets will qualify for redemptions as well — though eligibility depends on how the merchant category codes. If you live in a city and rely on these public transportation methods, your Capital One Venture miles can help you erase the stress (financial stress, at least) of getting from point A to point B.
Theme park tickets
If you’re planning a future trip to a theme park, you might want to use miles to cover the cost of your admission tickets.
When purchased by themselves, theme park tickets probably won’t code as a travel expense. Fortunately, there are a few ways to use Venture miles to offset the cost of a trip to some of the most fun and exciting places on Earth.
Whether you make your theme park booking through a travel agent or purchase a theme park travel package that includes park admission and a hotel stay, there are ways to book this sort of magical trip as a travel expense.
Online travel agencies (OTA)
TPG usually recommends booking travel directly with the hotel or airline when possible to keep things simple if your plans change. But, if you find an unbeatable deal through a third-party travel booking site, you can use your Venture miles to book that exact flight or hotel room. Just be sure to redeem your miles within 90 days of the travel transaction.
You can also redeem Venture miles for car rentals and virtually anything else that can be purchased through an OTA, since they’re classified as travel merchants. This flexibility provides endless redemption opportunities with your Venture miles.
Booking tours and experiences
Whether you want a big city hop-on, hop-off bus tour, a helicopter flight over Hawaii or a horseback adventure, if you can book it via a travel site (or it codes as travel on its own), you can redeem Venture miles for the experience.
Food delivery and streaming services
Capital One knows that, while travel will eventually return to normal, the pandemic has many of us staying close to home and waiting it out.
While you may be dreaming of flashy, high-value redemptions involving first-class flights and five-star hotels, Capital One allows cardholders to redeem Venture miles on restaurant delivery (DoorDash®, Uber Eats® and Postmates®) and streaming services, such as Netflix and Disney+, until June 30, 2021.
It might not be a lie-flat seat, but it will certainly help keep you and your family sane — and cash in your wallet.
New Capital One Venture Rewards Credit Card members can earn 100,000-mile bonus points after spending $20,000 on purchases in the first 12 months from account opening. They can still earn 50,000 miles by spending $3,000 on purchases in the first 3 months. On top of the welcome offer, the card earns a straightforward and unlimited 2X miles per dollar on every purchase with no bonus categories to memorize and great ongoing benefits. It’s no wonder it’s considered one of the most popular fixed-value rewards credit cards on the market.
If you’re looking for a no-annual-fee travel card, the Capital One VentureOne Rewards Credit Card still earns an unlimited 1.25X miles on every purchase.
There’s no shortage of ways to get amazing value out of your Capital One Venture rewards miles in ways most other points and miles can’t reach. Beyond transferring Venture miles to travel partners, you can book travel with your Capital One Venture card and redeem your miles for everything from vacation rentals to rental cars and even your next takeout order.
What makes these sought-after miles so popular is the ability to redeem them for unique purchases not covered by other points and miles programs. And this kind of flexibility has never been more valuable.
Featured photo by mage byNazmul Islam/500px/Getty Images
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.