Capital One Miles Value Calculator: What Are They Worth?

Venture Miles & Spark Miles Value
You can redeem Capital One Miles for 1 cent apiece towards travel through Capital One or transfer them to partners for significantly higher value.
Last Updated 2022-08-25 By R.Flowers III

The value of Capital One Venture Miles and Spark Miles range anywhere from 0.5 to 2 cents. The easiest value you can obtain with little to no effort is 1 cent per point towards travel.

How to earn Capital One miles

Capital One Miles can be earned through welcome bonuses and everyday spending across Venture Rewards & Spark Rewards credit cards. These cards are a great fit for anyone that wants to earn valuable, easy-to-use travel rewards at a flat-rate across most purchases.

You can earn Capital One miles using the following credit cards:

Credit Card Intro Bonus Annual Fee
Best Premium Card For Unlimited Miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel. $395
Best For Unlimited 2X Miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel. $95
Best Business Card For Unlimited 2X Miles
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. $0 for the first year, then $95

Capital One cash back credit cards

Cash back rewards earned with Capital One credit cards can be converted to Venture Miles at a 1:1 ratio using the Share My Rewards feature. This makes the Savor family of Capital One Cards extremely valuable for those with a Capital One Miles credit card.

For example, you can earn 3% cash back on dining, entertainment, popular streaming services, and grocery with the no-annual fee Capital One SavorOne Cash Rewards Credit Card. This is equal to 3X Venture Miles when transferred which is fantastic value for a card with no annual fee.

Credit Card Intro Bonus Annual Fee
Best For Dining & Entertainment At No Annual Fee
Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening. $0

Capital One miles value

How much are Capital One Miles worth? The value will vary depending on the redemption, but the base value is 1 cent per mile when redeemed for travel through Capital One. That's the easiest value you can obtain without any effort.

Redemption Option Redemption Value (in cents)
Transfers To Capital One Partners 0.6 - 2
Travel Purchases via Capital One Travel 1
Using miles to cover recent travel purchases 1
Gift Cards 0.5 - 1
Cash Back 0.5

Redeeming Capital One miles for travel

Venture Miles & Spark Miles will have a value of 1 cent each when redeemed towards travel through Capital One and as much as 2 cents in value when transferring to airline and hotel partners.

Capital One Travel Portal

Capital One Miles can be redeemed for flights, car rentals, and hotel reservations at a fixed value of 1 cent per mile through Capital One Travel. This means that $100 in travel booked through the portal would cost you 10,000 Venture Miles or Spark Miles.

Redeem Miles Towards Purchases

Capital One Miles can be used to wipe away recent travel purchases made to a Venture Rewards or Spark Rewards credit card at a value of 1 cent per mile. Eligible purchases include:

  • Airlines
  • Hotels
  • Rail lines
  • Car rental agencies
  • Limousine services
  • Bus lines
  • Cruise lines
  • Taxi cabs
  • Travel agents
  • Time shares
  • Anything else coded as travel by the merchant

While redeeming your Capital One Miles using this method will give you the same value as redeeming them directly through the Capital One Travel Portal, this method is typically the better route for several reasons:

You can book direct and still redeem miles

Since you're using your using miles to wipe away travel purchases made to your card, you can book your flight or hotel direct. This will earn you airline miles or hotel rewards points as well as credit towards any kind of status you may have with another loyalty program.

Once your flight, hotel, or other form of eligible travel posts to your account, you can use your Capital One Miles to wipe out the travel charges at a value of 1 cent per point.

Do note that this will not be beneficial if you have the Venture X Rewards Credit Card since it earns 10X on bookings made through Capital One Travel.

You can earn additional miles

When you use your card to make travel purchases, you'll earn Capital One Miles. You can then turn around and redeem your miles towards any travel purchases you made.

If you book directly thought Capital One Travel, you will not earn those initial miles you would normally get when booking the travel.

You can use cash back portal to double and triple dip

Cash back and shopping portals allow you to earn additional cash back, points, and miles on top of the rewards you normally earn. It's a great way to rake in additional rewards.

Rakuten Hilton Page
Use cash back portals like Rakuten Rewards to earn additional rewards at over 2,500 stores which also includes many travel sites.

Capital One transfer partners

Capital One's transfer partners is the key to getting the most value of your Venture Miles & Spark Miles. Miles can be transferred to over 15 travel partners with all partners except two being a 1:1 ratio.

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While there are Capital One transfer partners that are better than others, transferring your miles to most of these partners will give you higher value than the fixed rate you'll get redeeming miles directly with Capital One. This is because miles earned with most of these airlines have an average value of more than 1 cent each.

When it comes to squeezing value out of your point transfers, the best options are:

  • Air Canada Aeroplan - for flights between mainland U.S. and Canada
  • Air France-KLM Flying Blue - great redemptions between U.S. and Europe
  • British Airways Executive Club - exceptional value when used for short-haul trips with American Airlines and Alaska Airlines
  • Singapore KrisFlyer - redeem points for their first class in-air suites or booking first class between U.S destinations and Asia/Europe

You can also get great value booking premium cabins, First, and Business with most of the other airline partners as well.

Example for transferring miles

Let's say that you're trying to get to Sydney, Australia from San Francisco. One of the best airlines for this would be Qantas, which is Australia's flagship airline.

Looking at the Qantas website for flights in the fall, the lowest cash price I found was $1,188. During the same week, the lowest cost for an award flight is 83,000 Qantas Points.

lax to sydney

This would be a prime time to transfer miles. You would transfer 83,800 Venture Miles (or Spark Miles) to your Qantas Frequent Flyer account and redeem them for the flight to Sydney.

This means you'll end up redeeming 83,800 Venture Miles for a $1,188 flight which comes out to an excellent value of 1.4 cents per mile.

If you were to make the purchase through your Venture or Spark card and use your miles to cover the charge, it would have cost you 118,800 Venture Miles at a value of 1 cent each.

So you've not only saved yourself 35,000 Capital One Miles, you've also redeem your miles for higher value.

Great redemption value requires research

Finding redemptions that give your Capital One Miles high value through point transfers can take some research and can be challenging at times. If you can't find a solid redemption through point transfers, redeeming your miles to cover travel charges or to book travel through Capital One Travel are still great options.

Other ways to redeem Capital One miles

Capital One Miles can be redeemed for gift cards and cash back. These will give your Venture Miles and Spark Miles lower value.

Gift cards

Capital One Venture Miles 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 through Capital One.

How to convert Capital One miles to dollars

Use the Capital One Miles Value Calculator to determine the cash value of Venture Miles and Spark Miles. This will give you an idea of how much your miles are worth on average.

Enter any amount of Venture Miles or Spark Miles to calculate the dollar value.
Miles
Redemption Average Dollar Value
Transfers To Capital One Airline Partners $0 - $0
Capital One Travel $0
Using miles to cover recent travel purchases $0
Transfers To Capital One Hotel Partners $0 - $0
Gift Cards $0 - $0
Cash Back $0

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 also be transferred to airline and hotel partners for increased 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 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.

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.

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 $50.