Capital One Venture & Spark Miles Value Calculator

Rewards Value Calculator
Calculate the dollar value of your Capital One Venture Miles and Spark Miles when redeemed for travel, gift cards, and cash back. Plus, calculate how many miles you need for flights redemptions with Capital One.
Last Updated 2021-07-20
Redemption Avg Point Value
Travel 1 Cent
Cash Back 0.5 Cents

Capital One Venture Miles and Spark Miles are worth 1 cents each when redeemed towards travel, but they can be transferred to airline and hotel programs for higher value. Miles can also be redeemed for cash back and gift cards.

Earning Capital One Miles

Capital One Miles can be earned using Capital One Venture Rewards credit cards and Capital One Spark Rewards credit cards. Rewards earned across both of these programs are separate, but the redemption options are identical.

Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
Intro Bonus
Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
Rewards Rates
2X
Earn an unlimited 2X miles per $1 spent on every purchase, every day.
Main Card Highlights
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Redeem on travel—including flights, vacation rentals, car rentals and more. Plus transfer your miles to over 15+ travel loyalty programs
  • No foreign transaction fees
Annual Fee
$95
Authorized User Fee
$0
Foreign Transaction Fee
0%
Capital One VentureOne Rewards Credit Card
Capital One VentureOne Rewards Credit Card
Intro Bonus
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
Rewards Rates
1.25X
Earn an unlimited 1.25X miles per $1 spent on every purchase, every day.
Main Card Highlights
  • $0 annual fee and no foreign transaction fees
  • Earn unlimited 1.25X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn.
  • Use your miles to fly any airline, stay at any hotel, anytime.
  • Transfer your miles to over 15+ travel loyalty programs
Annual Fee
$0
Authorized User Fee
$0
Foreign Transaction Fee
0%
Capital One Spark Miles for Business
Capital One Spark Miles for Business
Intro Bonus
Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
Rewards Rates
2X
Earn unlimited 2X miles per $1 spent for your business on every purchase, everywhere, no limits or category restrictions
Main Card Highlights
  • Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
  • Transfer your miles to 15+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
  • Redeem miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Fly through security with one statement credit for either the $85 TSA Pre✓® application fee or the $100 Global Entry application fee
  • $0 intro annual fee for the first year; $95 after that
  • Free employee cards, which also earn unlimited 2X miles on all purchases
Annual Fee
$0 the first year, then $95
Authorized User Fee
$0
Foreign Transaction Fee
0%
Capital One Spark Miles Select for Business
Capital One Spark Miles Select for Business
Intro Bonus
View Issuer's Website
Rewards Rate
1.5X
Earn unlimited 1.5X miles per $1 spent for your business on every purchase, everywhere, no limits or category restrictions
Main Card Highlights
  • Add Employee Cards for free and earn all the rewards from their purchases.
  • Use your miles on flights, hotels, vacation packages and more—you can even transfer miles to any of our 15+ travel partners.
  • We've got you covered with zero fraud liability if your card is lost or stolen. Plus, get automatic fraud alerts via text, email or phone call.
Annual Fee
$0
Authorized User Fee
$0
Foreign Transaction Fee
0%

Redeeming Capital One Miles For Travel

Capital One Venture Miles and Capital One Spark Miles are worth 1 cent each when redeemed towards travel. You can use your Capital One Mile towards purchases made to the card or you can use them towards travel on the Capital One Travel Portal.

Capital One Purchase Eraser

The Purchase Eraser is Capital One's main tool for redeeming Capital One Venture Miles and Capital One Spark Miles. It is used to wipe out travel charges that post to your account at a rate of 1 cent per mile.

Purchase Eraser redemptions must be made within 90 days from the date your travel purchase posts to your account. Partial redemptions can also be made for charges you may not have enough points for.

Purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares are generally considered to be travel purchases assuming the merchant has it coded properly as some type of travel.

Once you're in the Capital One Purchase Eraser tool, it's as easy as clicking on the purchases you wish to erase. Once you click on the purchase, you'll be asked to approve the redemption or enter in how miles you want to use for a partial redemption.

Capital One Travel Portal

Capital One Miles can also be redeemed in the Capital One Travel Portal to book flights, car rentals, or hotel reservations at a 1 cent per mile rate. There's no restrictions or blackout dates when booking on their travel portal.

Purchase Eraser vs Travel Portal

Redemptions made through the Capital One Purchase Eraser and Capital One Travel Portal gives your Venture Miles and Spark Miles a value of 1 cent per mile, but redeeming your points through the Purchase Eraser gives you an opportunity to sweep up extra rewards.

As an example, let's say that you want to book a $300 trip with your Venture Miles or Spark Miles credit card and that you have the 30,000 miles to cover that booking.

If you book your trip using your Venture Rewards or Spark Rewards credit card, you'll earn miles on your booking. You can then use your 30,000 miles to wipe away the $300 in charges with the Purchase Eraser tool. So you've earned miles AND still redeemed your miles to wipe away the $300 in charges.

If you book your trip directly through the Capital One Travel Portal using miles, you'll redeem your 30,000 miles, but since you didn't actually use your Venture Rewards or Spark Rewards credit card to make the booking, you will not earn any miles on your travel booking.

You end up missing out on extra rewards when booking directly. You can earn cash back on top of your Venture or Spark Miles when using a cash back portal as well like Rakuten Rewards. You wouldn't be able to use a portal if you booked directly, thus missing out on even more rewards.

In short, choose the Capital One Purchase Eraser when redeeming for travel!

Rakuten Hilton Page
Rakuten has over 2,500 stores which also includes many travel sites.

Other Redemptions

Capital One Miles can be used for a small handful of other redemptions which includes gift cards and cash back redemptions. These will give your Venture Miles and Spark Miles a value of 1 cent or lower.

Gift Cards

Capital One Venture and Spark Miles can be redeemed for gift cards at a rate of 0.5 to 1 cent per mile. While this is not a bad redemption, gift cards can usually be found for less than their face value or on sale from online retailers like Amazon or Ebay.

If you're big on gift cards, you'll probably want to coast over to Capital One's cash back credit cards as they will offer more value.

Cash Back

Capital One Venture Miles and Spark Miles can be redeemed for cash back at a value of 0.5 cents per mile. This is a redemption I recommend avoiding as you'll be cutting the value of your miles in half when compared to redeeming them for travel.

If you're trying to build cash back, you may want to consider the Capital One Quicksilver Cash Rewards Credit Card or Capital One SavorOne Cash Rewards Credit Card.

Transferring Capital One Miles

Capital One Venture Miles and Spark Miles can be transferred to 17 partners. Those partners are:

Transferring Capital One Miles to partners gives you the chance to redeem your miles for a higher value than 1 cent per mile. This is because airline miles (and sometimes hotel rewards points) can typically be redeemed for more than 1 cent per mile.

For example, I was able to find a round-flight trip from San Francisco, California to Sydney, Australia in November that would cost 83,800 Qantas Points when booked through the Qantas website.

lax to sydney

That same flight in cash (USD) booked through Qantas would cost you $1,188. So the best option would be to transfer 83,800 Venture or Spark Miles to Qantas Frequent Flyer account and then redeem those miles for the flight.

This means you'll end up redeeming 83,800 Venture or Spark Miles for a $1,188 flight meaning that you redeemed your miles at an excellent value of 1.4 cents per mile! This is significantly better than the standard 1 cent per mile.

Capital One's best transfer partners will typically be the 1:1 airline partners, but you can still find value in other partners if you're willing to put in the research. Just be sure that you'll get at least 1 cent in value when transferring your points (otherwise you're better off using Purchase Eraser).

Capital One Miles Value Calculator

Use the Capital One Miles Value Calculator to calculate the cash value of Venture Miles and Spark Miles based on the redemption options listed. You can enter any amount of miles in the field below to see the dollar value.

Capital One Miles Value Calculator

Enter any amount of miles to see the average cash value.
Miles
Travel
Transferring To Partners
~1 to 2+ cents
~$0 to 0+
Travel
1 cent
$0
Other Redemptions
Gift Cards
0.5 to 1 cent
$0 - $0
Cash Back
0.5 cents
$0

How Many Miles For A Flight Calculator

Capital One Miles can be redeemed towards any airline purchase made to the card which means you can use your miles without restrictions or black out dates.

Venture Miles and Spark Miles are worth 1 cents each when redeemed this way, so you can calculate how miles you'll need for a flight by multiplying the cost of the flight by 100. For example, a flight that costs you $200 would cost you 20,000 Venture or Spark Miles.

Use the 'How Many Miles For A Flight' Calculator below to see how many Venture Miles or Spark Miles you would need for a flight with any airline.

How Many Miles For A Flight Calculator

Enter the total cost of your flight.
$
Flight Cost
Venture/Spark Miles Needed
1 cent
20,000 Capital One Miles

FAQ

How much are Capital One miles worth?

Capital One Venture Miles and Spark Miles are worth 1 cent each when redeem towards travel. They can sometimes be worth more when transferred to Capital One's airline and hotel partners. Non-travel redemptions such as cash back and gift cards, will give you lower value.

How many Capital One Miles do you need for a flight?

It depends on the cost of the flight. Each mile is worth 1 cent each, so you can multiply the cost of the flight by 100 to see how many miles you would need. For example, a flight that costs $200 would require 20,000 Capital One Miles.

How much is 50,000 Capital One Miles worth?

50,000 Capital One Miles are worth $500 towards travel. This applies to both Venture Miles and Spark Miles.

How much is 40,000 Capital One Miles worth?

40,000 Capital One Miles are worth $400 towards travel. This applies to both Venture Miles and Spark Miles.

What airlines can you use Capital One Miles on?

Capital One Miles can be redeemed towards purchases made to any airline, with no restrictions or black out dates. You can also transfer your Capital One Miles directly to several airline and hotel partners.

Can you redeem Capital One miles for Cash?

You can redeem Capital One Miles for cash at a rate of 0.5 cents per mile. So 10,000 Venture Miles or Spark Miles would be worth only $50 in cash whereas the same amount redeemed towards travel would be worth $100. You'll want to consider Capital One Cash Back Credit Cards if you're looking for cash rewards.

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