For example, any partial travel redemption must use at least 2,500 miles. It should be noted that you can make partial redemptions toward any eligible purchase, but you might have to use a minimum number of rewards. When you use Capital One to cover purchases, the credits are typically applied to your balance within two to three business days. Choose how many miles you would like to redeem (more on this below).Once you’re in your account, click on the “Redeem Rewards” button.Note: These are steps for the mobile app, but they are similar to the steps you’d take through your online account via a web browser. To cover your purchases, it’s as easy as logging into your Capital One online account and clicking a few buttons. That way you can immediately redeem your miles once your travel purchases post to your card without having to worry about the 90-day threshold. To be safe, you can always wait to make your travel purchases until you already have enough miles in your account. As long as you go through this whole process within the 90-day period, this strategy will work fine. You can make travel purchases, take some time to earn more rewards miles, and then redeem those miles to make your travel purchases go away. One of the advantages of this redemption option compared to other rewards programs is that you don’t necessarily need to wait until you have miles available to start making travel purchases. The process should be similar between Capital One travel cards and cashback cards.įor Capital One travel cards, you have 90 days from when a travel purchase has been posted onto your account to use this redemption option for a statement credit toward that purchase. Now that you’ve earned some rewards, it’s time for the next step in the process - making specific purchases that you want to later cover with your rewards. This type of earning rate makes it easy to use your card to earn valuable rewards on everyday expenses. With the same Capital One Venture Rewards Credit Card, you can earn 2 miles per dollar on every purchase, every day and 5 miles per dollar on hotels and rental cars booked through Capital One Travel. You can also use your card to make purchases and earn rewards on your everyday spending. That’s worth hundreds of dollars when translated to actual travel expenses. The size of these offers can range, but you’ll often see an early spend bonus worth the equivalent of hundreds of dollars in award redemptions.įor example, with the Capital One Venture Rewards Credit Card, you can earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening. If you spend a certain amount of money on the card, typically within the first three months of card opening, you’ll receive additional bonus points. Most Capital One credit cards come with an early spend bonus when you’re first approved for the card. If you follow these steps, you can be on your way to redeeming rewards toward purchases in no time.īefore you can redeem your rewards, you need to earn some first. The process of using Capital One rewards to cover your purchases is fairly straightforward. Make specific purchases you want to cover.How does covering your purchases with Capital One work? But certain Capital One cards that earn cash back could use their rewards to cover any eligible recent purchases.īecause this tool only works with rewards cards, it’s best suited for individuals who want to earn cash back, miles, or points and use them to decrease their travel or everyday expenses. Only specific Capital One credit cards have access to this redemption option and you can't always use this feature on every purchase - as it depends on the card.įor example, some Capital One cards that earn miles could use miles to cover recent travel purchases. You basically redeem the rewards you’ve earned on your Capital One card to receive an account credit toward eligible recent purchases. Using rewards to cover your purchases is a redemption option available on many Capital One credit cards. What does cover your purchases mean with Capital One? Other redemption options with Capital One.Which Capital One cards offer to cover purchases?.How does covering your purchases with Capital One work?.What does cover your purchases mean with Capital One?.
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