Quick Points: How to save 5% on all hotels, vacation rentals and rental cars with Capital One

Wish to save much more cash when reserving flights and motels together with your Capital One Venture Rewards Credit Card?

TPG values Capital One miles at 1.85 cents every, per our March 2025 valuations, once you switch your miles to airline and hotel partners similar to British Airways, Turkish Airlines and Wyndham Hotels. However in the event you do not plan to switch your miles to one among Capital One’s 15-plus companions to maximise your rewards, this is a straightforward hack you should use.

With the Capital One Venture Rewards Credit Card, you may earn 5 miles per greenback spent on motels, trip leases and rental vehicles booked by the Capital One Journey portal and a couple of miles per greenback spent on all different purchases.

As a limited-time provide, new cardholders can earn 75,000 bonus miles after spending $4,000 on purchases inside the first three months from account opening, plus a $250 Capital One Journey credit score to make use of within the first cardholder yr.

So, the place do additional financial savings are available in?

If you happen to ebook by Capital One Travel, you possibly can pay with miles at a set worth of 1 cent per mile or with money. For instance, for this keep in Miami, at checkout (not together with the lodge service charge due at check-in), you may pay both $411.74 or 41,174 miles (a price of 1 cent per mile).

If you happen to have been to redeem your miles at checkout, your card would by no means be charged; subsequently, you wouldn’t earn any further rewards. Nonetheless, in the event you have been to pay together with your Enterprise Rewards card, you’d earn 5 miles per greenback spent on this buy. That interprets to 2,058 miles.

Since Capital One additionally allows you to cover travel purchases out of your assertion inside 90 days of the acquisition date at a fee of 1 cent per mile, redeeming your rewards this manner lets you earn miles to your spending.

Due to this fact, as soon as this journey buy is posted to my account, I can nonetheless use 41,174 Capital One miles to take away it from my assertion as if my card was by no means charged. As a result of I initially bought my journey with money as a substitute of redeeming my miles, I am 2,058 miles richer. That is round a 5% rebate on my lodge reserving by the portal.

The draw back to doing this? You possible won’t earn lodge factors or have the ability to use elite status benefits on bookings made by Capital One Journey. It is because the foremost lodge chains normally require you to ebook on to obtain these advantages. Nonetheless, flights booked by Capital One Journey usually earn miles as standard and are eligible for all elite standing advantages, so be sure you add your frequent flyer quantity earlier than you fly.

Due to this fact, in the event you do not plan to switch your Capital One miles to companions however wish to redeem your rewards on motels, trip leases and rental vehicles, you possibly can ebook by the Capital One portal and pay together with your bank card, incomes 5 miles per greenback spent. Then, redeem your miles at a fee of 1 cent per mile to successfully save 5% on all motels, trip leases and rental vehicles.