Quick Points: How to save 5% on all hotels, vacation rentals and rental cars with Capital One

Need to save much more cash when reserving flights and accommodations together with your Capital One Venture Rewards Credit Card?

TPG values Capital One miles at 1.85 cents every, per our March 2025 valuations, whenever you switch your miles to airline and hotel partners corresponding to British Airways, Turkish Airlines and Wyndham Hotels. However should you do not plan to switch your miles to one in all Capital One’s 15-plus companions to maximise your rewards, this is a simple hack you need to use.

With the Capital One Venture Rewards Credit Card, you may earn 5 miles per greenback spent on accommodations, trip leases and rental automobiles booked via the Capital One Journey portal and a pair of miles per greenback spent on all different purchases.

As a limited-time provide, new cardholders can earn 75,000 bonus miles after spending $4,000 on purchases inside the first three months from account opening, plus a $250 Capital One Journey credit score to make use of within the first cardholder yr.

So, the place do additional financial savings are available?

If you happen to e book via Capital One Travel, you possibly can pay with miles at a set worth of 1 cent per mile or with money. For instance, for this keep in Miami, at checkout (not together with the resort service payment due at check-in), you may pay both $411.74 or 41,174 miles (a price of 1 cent per mile).

If you happen to had been to redeem your miles at checkout, your card would by no means be charged; subsequently, you wouldn’t earn any extra rewards. Nonetheless, should you had been to pay together with your Enterprise Rewards card, you’ll earn 5 miles per greenback spent on this buy. That interprets to 2,058 miles.

Since Capital One additionally allows you to cover travel purchases out of your assertion inside 90 days of the acquisition date at a price of 1 cent per mile, redeeming your rewards this manner means that you can earn miles to your spending.

Due to this fact, as soon as this journey buy is posted to my account, I can nonetheless use 41,174 Capital One miles to take away it from my assertion as if my card was by no means charged. As a result of I initially bought my journey with money as a substitute of redeeming my miles, I am 2,058 miles richer. That is round a 5% rebate on my resort reserving via the portal.

The draw back to doing this? You possible is not going to earn resort factors or be capable of use elite status benefits on bookings made via Capital One Journey. It is because the most important resort chains normally require you to e book on to obtain these advantages. Nonetheless, flights booked via Capital One Journey usually earn miles as regular and are eligible for all elite standing advantages, so be sure you add your frequent flyer quantity earlier than you fly.

Due to this fact, should you do not plan to switch your Capital One miles to companions however wish to redeem your rewards on accommodations, trip leases and rental automobiles, you possibly can e book via the Capital One portal and pay together with your bank card, incomes 5 miles per greenback spent. Then, redeem your miles at a price of 1 cent per mile to successfully save 5% on all accommodations, trip leases and rental automobiles.