When it comes to saving money on travel expenses, every little bit counts. Whether you’re booking flights, hotels, or rental cars, finding ways to maximize your savings can make a big difference in the long run. One strategy that many travelers overlook is how they pay for their travel purchases, particularly when it comes to using credit card rewards.
If you’re a frequent traveler and hold the Capital One Venture X Rewards Credit Card, you’re already earning valuable Capital One miles on your everyday purchases. But did you know that there’s a simple strategy you can use to make your miles even more valuable when booking travel through Capital One Travel? By paying for your travel purchases with your Venture X card and then using your miles to offset the expense within 90 days, you can effectively earn a rebate on your bookings.
Let’s break down how this strategy works and how you can make the most of your Capital One miles when booking flights and hotels through Capital One Travel.
## Maximizing Your Capital One Miles
Capital One miles are valued at 1.85 cents each when transferred to airline and hotel partners like British Airways, Turkish Airlines, and Wyndham. However, when you book travel through Capital One Travel using your Venture X card, you earn 10 miles per dollar on hotels and 5 miles per dollar on flights. This means that you can earn a significant number of miles on your travel purchases, making your miles even more valuable.
For example, let’s say you book a weekend stay in Miami through Capital One Travel for $583.73. If you pay for this booking with your Venture X card, you’ll earn 10 miles per dollar, totaling 5,838 miles. Now, instead of paying with miles upfront, you can choose to redeem your miles to offset the expense within 90 days at a rate of 1 cent per mile. This means that you can effectively earn a 10% rebate on your hotel booking, all while earning miles on your spending.
The same strategy applies to flights booked through Capital One Travel. By paying with your Venture X card and then using your miles to “erase” the statement within 90 days, you can earn a rebate on your flight purchases as well.
## Considerations and Limitations
While this strategy can help you maximize your Capital One miles and earn valuable rebates on your travel purchases, there are some considerations to keep in mind. For hotel bookings made through Capital One Travel, you may not earn hotel points or be eligible for elite status benefits, as these are typically reserved for bookings made directly with the hotel chain. However, flights booked through Capital One Travel are typically eligible for miles and elite status benefits, so be sure to add your frequent flyer number before you fly.
In conclusion, if you hold the Capital One Venture X Rewards Credit Card and want to maximize your savings on travel expenses, consider using this simple strategy to earn valuable rebates on your bookings. By paying with your card and then redeeming your miles to offset the expense within 90 days, you can effectively earn a rebate on your travel purchases while still earning miles on your spending. This can help you stretch your travel budget further and make the most of your Capital One miles.