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More Capital One rewards credit cards have the opportunity to earn 5% back on qualifying Capital One Travel purchases. Additionally, Capital One Venture products are adding extra ways to get more miles. These changes all go into effect on May 17, 2022. Here’s what you should know about the ability to earn more on Capital One travel as well as other Capital One news.
5% Back on Hotels and Car Rentals
Starting May 17, 2022, the various cards for these Capital One families earn 5% back on hotel and car rental purchases through Capital One Travel:
- Savor
- Quicksilver
- Spark Cash
The student cards for these brands are also eligible for 5% cash back.
Additionally, the Capital One SavorOne Student Cash Rewards Credit Card and Capital One Quicksilver Student Cash Rewards Credit Card are offering a $50 signup bonus after spending $100 in the first 3 months of account opening.
Airfare purchases through Capital One Travel continue to earn the standard rate for the respective credit card.
In addition to earning cash back, Capital One Travel purchases can also be eligible for these benefits:
- Price alerts
- Price drop protection
- Cancel your flight for any reason
The platform’s price prediction tools (powered by Hopper) can also help you book upcoming flights at the lowest estimated price. If the itinerary can be found elsewhere at a lower cost, it’s possible to receive a refund for the difference.
Capital One Travel also actively monitors hotel prices from Expedia and competing booking sites to offer lower rates. You can be eligible for a price difference refund if another platform provides a cheaper rate within 24 hours of your booking.
Capital One Travel for Venture and Spark Miles Cardholders
Capital One Venture X Rewards Credit Card cardholders continue to earn 10x miles on hotels and car rentals through Capital One Travel. Airfare purchases earn 5x miles.
Venture, VentureOne, Spark Miles, and Spark Miles Select cardholders will continue earning 5x miles on hotels and car rentals. However, they continue to earn the base rate for flights.
Redeem Rewards for Capital One Travel Bookings
These credit cards now make it possible to redeem your cash rewards for a travel booking through the booking site. The redemption ratio is 1-to-1 making $1 cash rewards worth $1 in travel bookings.
You might prefer this option if you’re trying to limit your upfront costs, similar to using your rewards as shopping credits at Amazon or PayPal.
However, you may still prefer to pay for your purchase with cash to earn rewards miles. Next, you redeem them as a cash statement credit or cover the purchase to reduce your monthly balance.
Capital One Venture Spending Bonus
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel, with the Capital One Venture Rewards Credit Card.
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, with the Capital One Venture X Rewards Credit Card.
Capital One bills this promotion as a first-of-its-kind partnership with a peer-to-peer car-sharing marketplace.
Summary
The 5% back Capital One Travel hotels and car rentals bonus can be an easy way to maximize your spending power during the peak summer travel season. Additionally, the other benefits of the Venture cards provide additional value as travelers get ready to explore.
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