Capital One is temporarily expanding your options for using Venture miles from Venture and VentureOne cards.
As of April 16, you can redeem miles for restaurant takeout, food delivery services, and online streaming platforms. These new options were originally set to last through June 30, but Capital One has announced that will be extended all the way through Dec. 31.
It’s simple to redeem your Venture Miles this way – it works just the same as redeeming Venture miles toward travel. Just put the purchase on your Capital One card, and after the purchase posts (typically within a few days), and use miles to cover the cost using “Cover Your Purchases.” From there, you can redeem miles on a list of eligible purchases using the Purchase Eraser feature.
And just as with travel purchases, miles are worth 1 cent each on food and streaming services. So a $50 charge can be erased from your card statement with just 5,000 Venture miles.
While it may be painful to use hard-earned miles for something other than travel, this could make plenty of sense. And it’s great for Capital One to add another option to your arsenal.
Any purchases made directly with restaurants, cafes, or fast-food chains qualify, as do DoorDash, Uber Eats, and Postmates.
The streaming services category includes purchases made from eligible music and video streaming services like Netflix, Hulu, Spotify, Disney+, Kindle Unlimited, and many more.
Click Here to get more information about the Capital One Venture Rewards Credit Card.
Click Here to learn more about the Capital One VentureOne Rewards Credit Card.
This is a smart move for Capital One. At a time when travel isn’t really an option, giving cardholders more options for using their miles is a big plus. And it may help persuade more people to renew their account and pay the annual fee.
These new benefits for Capital One Venture and VentureOne cardholders are valid for restaurant delivery, restaurant takeout and streaming service purchases through Dec. 31, 2020. You’ll have 90 days from the time of the purchase to erase the charge from your statement.