How to Book an Award with Capital One Venture Miles

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Capital One Venture is a program that’s easy to use, allowing you to redeem miles earned with credit card purchases for travel. You can purchase award travel through their shopping portal, or erase travel purchases from your statement.

Although Capital One Venture miles can’t be transferred to any airline or hotel programs, the strength of the Capital One rewards program is its flexibility.

You can redeem miles to pay for nearly any travel purchases made anywhere.

For every 100 miles you earn, you can erase $1 in travel expenses, for a 100:1 redemption rate. Since Capital One rewards card cardholders earn 2 miles per dollar spent, that works out to 2% rewards on all purchases. Using the Capital One Venture card is a great way to rack up a lot of miles without spending your time in the air.

Venture Rewards Cardholders Earn Bonus Miles Fast

New cardholders of the Venture Rewards Credit Card will earn 50,000 bonus miles in the first 3 months of opening the account and you’ll earn 2x miles per dollar on every purchase.

The VentureOne Rewards card is just a step down from the Venture Card, earning new cardholders 20,000 bonus miles after the first 3 months of opening the account and earn 1.25 miles per dollar spent.

Venture® Rewards Credit Card

INTRO APR on Purchases
N/A
INTRO apr on Balance Transfer
N/A
Regular APR
14.49% to 24.49% Variable±
Annual Fee
$0 first year, then $95
Rewards Program
Venture® Rewards
Bonuses & Rewards
  • 10x Miles at hotels.com/venture
  • 2x Miles on All Other Purchases
  • + No cap to the amount of rewards you can earn
  • 50,000 bonus miles after you spend $3,000 on purchases within the first 3 months
  • No Foreign Transaction Fee
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VentureOne® from Capital One®

INTRO APR on Purchases
0% introductory APR for the first 12 months that your account is open
INTRO apr on Balance Transfer
N/A
Regular APR
13.49% to 23.49% Variable±
Annual Fee
$0
Rewards Program
Venture® Rewards
Bonuses & Rewards
  • x 10 Miles at hotels.com/venture
  • x 1.25 Miles on Gas
  • x 1.25 Miles on Dining
  • x 1.25 Miles on All Other Purchases
  • 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months
  • No Foreign Transaction Fee
  • + No cap to the amount of rewards you can earn
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When Should You Use Capital One Venture Redemptions?

Although you will usually be better off booking an award flight using frequent flyer miles with the airline of your choice, there are some situations when using Capital One Venture miles is a great option:

  • On any relatively inexpensive flight that doesn’t have the lowest redemption award available
  • When you don’t have miles with the airline you’re flying, including flights on foreign or smaller airlines with less popular programs
  • When you don’t have enough cash for a ticket

Partner Transfers:

  • None

How to Book

Using Capital One miles is very straightforward. You have two options when it comes to using your miles. You can redeem miles after you make travel purchases, or you can book directly through Capital One travel portal or calling 800-228-3001.

When you log on to your account, you are greeted by a screen showing your reward balance.

No Hassle Miles

Click “redeem now” to move on to the next screen:

Miles-Options

Under “travel” you have two options: “redeem for new travel reservations” and “redeem for past travel purchases.” Choose the first option by clicking on the “book travel” button. You’ll be taken to Capital One’s travel shopping portal.

How-to-Book

Capital One uses Orbitz for their shopping portal, so their rates are not inflated. If making purchases through Orbitz works for your travel plans, using the Capital One website is a good option for booking travel. Just find the flight, hotel, car rental or vacation package you want, and use your miles to buy it.

Apply for a Travel Credit Card from Our Partner

INTRO APR on Purchases
0% (up to 14 months)
INTRO apr on Balance Transfer
0% (up to 14 months)
Regular APR
See Site
Annual Fee
$0
Bonuses & Rewards
  • April 2018: Best Travel Rewards and Air Miles Credit Cards
  • Clicking "Apply Now" will take you to the Credit-Land.com website to view card offers
  • Fly on Any Airline, Anytime
  • Offers Available for Excellent and Good Credit
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How to Redeem with Capital One Purchase Eraser

You can buy travel anywhere if you redeem miles after you make a purchase. The purchases must be eligible travel expenses, including airfare, hotels and car rentals, to get the travel redemption rate.

To redeem miles for purchases you’ve made not using Capital One’s travel shopping portal, you’ll use the Capital One Purchase Eraser.

What is the Purchase Eraser from Capital One? This tool purpose is to help you redeem earned miles towards qualifying travel purchases made with your Venture Capital One credit card.
How does Capital One Purchase Eraser work? It filters only “travel-related” goods and services you bought and allows you to refinance them with miles.

After you log on to your account, select “Purchase Eraser” under “travel” on the redemption options page. The qualifying travel purchases you’ve made in the last 90 days will appear on the next page, and you’ll be given the option to redeem miles for them at a 100:1 ratio. In other words, you can redeem 10,000 miles for a $100 purchase.

Although there haven’t been any travel-related charges for last three months in the example below, all valid purchases would show up on this page:

How-to-Redeem
If there were travel purchases, you’d simply click on “redeem now” next to the item and your Capital One Venture Purchase Eraser will use your miles to pay for selected purchases. Note that you cannot pay for part of a purchase in miles, so you will need to have enough miles in your account to cover the full cost.

Remember that you must charge your travel expenses on your Capital One Venture card in order for them to be eligible.

Important Miles Redemption Considerations

  • Redemption rates for travel are much better than for cash or merchandise
  • Partial redemptions are not allowed
  • You can redeem miles for any purchase coded as “travel,” including taxi fares, Uber rides, cruises and hotels

Time to Get That Free Ticket

To find the best value for your Capital One miles, register for our free service, which helps travelers navigate frequent flyer programs and credit card rewards. We’ll tell you if the destination you want to go to is a good use of your Capital One travel rewards miles or if another miles or points program is the best option. You can track all your miles and see where they can take you!