You Can Now Use Capital One Miles for Food, Streaming Services
capital one food delivery

You Can Now Use Capital One Miles for Food, Streaming Services

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For more information check out our Advertising Disclosure.

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 through Sept. 30, 2020.

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.

 

Read 6 Reasons Why the Capital One Venture Card is Great for Beginners

 

 

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.

 

Bottom Line

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 June 30, 2020. You’ll have 90 days from the time of the purchase to erase the charge from your statement.

 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

Leave a Reply

Your email address will not be published. Required fields are marked *