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5 unique ways to redeem Capital One Venture miles

Sept. 04, 2021
6 min read
Airbnb Brekely
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Editor’s note: This guide has been updated with the latest information.

If you’re anything like me, you’ve canceled a few flights and hotel reservations this year (and last year). Travel plans have been disrupted worldwide and with that, folks have accumulated a healthy stash of points and miles and are now looking for new ways to use those travel rewards.

While the cost of travel soared this summer, we're seeing a downward trend again across the spectrum. This means now may be the perfect time to simplify your reward travel strategy. That’s why the Capital One Venture rewards program makes more sense than ever with its uncapped earning potential and flexible redemption opportunities.

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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 several 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, 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 take a look at some of my favorite, unexpected ways to redeem Venture miles.

Vacation rentals and alternate accommodations

(Photo courtesy of Airbnb)

Since the start of 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.

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Vacation rental sites rarely have loyalty programs of their own, but you can often redeem Venture miles as long as the charge codes as travel.

Related: Use your Capital One Venture miles to stay at these 10 stunning Airbnb homes

Ride-hailing apps and public transportation

(Photo by shutter_o/Shutterstock)

Your Uber 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 also qualify for redemptions, 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.

Related: Earn, redeem, repeat: How to maximize Capital One Venture rewards

Theme park tickets

Disney's Hollywood Studios in July 2021. (Photo by Summer Hull/The Points Guy)

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.

Related: How (and why) you should be earning lots of Capital One miles

Online travel agencies

(Photo by FreshSplash/Getty Images)

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 online travel agency, since OTAs are classified as travel merchants. This flexibility provides endless redemption opportunities with your Venture miles.

Related: Tips and tricks to get maximum value from your Capital One miles

Booking tours and experiences

Helicopter tour in Hawaii. (Photo by Clint Henderson/The Points Guy)

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.

Related: Your ultimate guide to Capital One transfer partners

Bottom line

There’s no shortage of ways to get amazing value out of your Capital One Venture 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 Rewards Credit Card and redeem your miles for everything from vacation rentals to rental cars and even theme park admission tickets.

Right now, the Capital One Venture Rewards Credit Card allows new applicants to earn 75,000 bonus miles after spending $4,000 on the card within the first three months of account opening. On top of the welcome offer, the card earns a straightforward and unlimited 2 miles per dollar on every purchase with no bonus categories to memorize. It’s no wonder it’s considered one of the most popular fixed-value rewards credit cards on the market.

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.

Official application link: Capital One Venture Rewards Card available for 75,000 bonus miles.

Featured image by (Photo courtesy of Airbnb)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.