Q: If I use the Capital One Venture card, will my miles earned correlate to any airline frequent flyer rewards? As example, American Airlines charges 65,000 miles to fly to HKG. Would I be able to use 65,000 points from my Capital One card to achieve this exact same award?
A: The concept is similar, but the miles you earn with a Capital One® VentureSM Rewards card versus an airline rewards program card work a little bit differently. Airline reward programs often require a predetermined amount of miles to fly to certain locations, regardless of how much the flight might cost if you booked it without miles. For example, it might require 50,000 miles to fly from California to Hawaii at any time of year or time of day. So even if you’re travelling in the “off” season you’d still pay the same number of miles as if you booked a flight for the high season. Travelers are also limited to flights on that particular airline. Additionally, sometimes particular flights and days are limited or sold out for that airline.
The Capital One Venture Rewards card allows you to book your flight on any airline using any method you like. You can purchase the tickets yourself, using your Venture card or you can book your flight through their Rewards Center. Their miles are also easily translated into an actual dollar value for travel—all you need to do is add 2 zeros to the travel cost to see how many miles you’ll need.
In the example you mention, 65,000 earned on your Capital One Venture card would be worth $650 in travel. So if you can find a flight to Hong Kong for $650 (and depending upon where you’re flying from, it seems likely you could), it would be similar to using your American Airline miles to fly there. Of course, with the Venture card you can choose to fly on whatever airline you’d like instead of being limited to American Airlines.
We really like the Capital One Venture Rewards card, and it even took first place in our Travel Rewards Credit Card Analysis. The ability to earn 2 miles for every dollar you spend, combined with the high travel redemption value makes it our number one ranked travel credit card. And if you’d prefer to redeem your miles for non-travel items, you can also get cash back, gift cards or merchandise.