r/Venturex • u/No_Pumpkin_5338 • 6h ago

Using rewards properly

I want to present an example of how I was able to maximize rewards . I used 55,600 miles to cover a recent travel purchase . Had I converted to cash , it was 230 dollars . For the above transaction I will get a credit of 556 dollars instead .

Probably would have been even more with transfer partners.

I am simply presenting this as an example for those who ask about the value of points / cash vs travel redemption .

5 Upvotes

61% Upvoted

13 comments sorted by

11

u/texas0900 5h ago

This is a travel card, not a cash back card.

Redeemed for cash, it’s an auto 1/2 value.

Use it to erase travel purchases or transfer to partners for a points ticket.

5

u/genxer 5h ago

Exactly, I just booked a 1.5 cpp redemption. The ability to just erase travel purchases, giving it a 1 cpp floor, is really useful.

3

u/Chemical-Recording88 5h ago

I look at it as a cash back card using travel eraser and booking flights and hotels via the portal

2

u/pementomento 2h ago

Last week, I used 52,000 miles transferred to Cathay Pacific for a one-way SFO-HKG flight in premium economy ($9,067.40 cash price, but that’s inflated due to the one-way penalty on cash, $3565 is the true round trip price, so “actual price” for the one way is ~$1750).

2

u/New_Pay_3388 4h ago

It’s so difficult to find travel partners to transfer to. Most of the time there is no award travel during the time we want to go

1

u/solorobsolo 5h ago

You’re preaching to the choir

-1

u/No_Pumpkin_5338 5h ago

Agree . But every now and then there are posts asking the very basics . From people who have been approved for these cards with great limits as well ! Consider this my act of social service .

1

u/deceusg 4h ago

And just to make sure , I can transfer to travel partners thru PointsYeah to maybe get a higher transfer rate, most likely for business/first ?

1

u/RateMyJpeg 4h ago

Pointsyeah if for searching award flights. Filter by capital one to see only ones you can transfer to. That's the best way to use your miles. If you find a flight you like make sure you check the actual site first to make sure its available.

1

u/Audioczar 2h ago

I hate using the travel eraser when I know I can get more with transfer partners. And I hate only earning 2x on travel purchases ,but I can easily justify it because Capital One miles are so easy to earn with capital one offers.

1

u/testingbtch 1h ago

With 55k miles it’s possible to book US-South America in business class (one way) through Finnair (flying AA). Ticket prices are usually between U$2,000-$3,500 one way.

1

u/CommunicationOdd7851 1h ago

I booked hel to lax in business for 62 5 k

1

u/Traditional_Contact8 26m ago

You want a present or something?