Capital One Miles are flexible currency earned with multiple Capital One credit cards, and Capital One’s program is similar to other banks’ flexible currency programs, such as American Express Membership Rewards and Chase Ultimate Rewards. A big advantage of flexible currency is that it provides multiple redemption options to cardholders.

One of the best ways to use flexible rewards is to transfer them to airline or hotel partners.

Capital One—like American Express, Chase and Citi—issues credit cards that offer either cash back or flexible currency rewards.

Capital One’s flexible currency, referred to as miles, can be used in different ways, such as buying gift cards, reimbursing previous travel purchases, purchasing travel through Capital One's travel booking site or transferring miles to partners.

Let’s look at Capital One’s flexible currency and ways to use it.

Capital One Miles

For many people in the points and miles community, Capital One Miles have become more relevant and valuable in recent years as Capital One improved its rewards program.

Capital One has made an effort to appeal to the younger generation with marketing efforts such as branded cafes where Capital One cardholders receive special discounts, as well as exclusive access to tickets to sporting events, concerts and other entertainment. Considering how focused they are on targeting young people, it comes as no surprise that they issue credit cards tailored specifically to students. 

Currently, Capital One offers two credit cards made specifically for students: the Capital One SavorOne Rewards for Students Credit Card and the Capital One Quicksilver Rewards for Students Credit Card.

The Capital One Quicksilver Cash Rewards Credit Card is a great option for those who want to earn a flat cash back rate on all of their purchases without having to worry about which bonus categories are going to earn them the most. This card offers 1.5% cash back on every purchase, every day. However, this card can be a bit harder to qualify for. 

You can get the same cash back rewards offered by the Quicksilver card by signing up for the Capital One® QuicksilverOne® Cash Rewards Credit Card.

For those with less-than-great credit scores, secured credit is a great way to get access to a line of credit with relatively favorable terms. With this special type of credit card, you’re required to put down a security deposit, which is usually equal to the credit limit that you receive. Then, each time you make a purchase on your credit card, this security deposit will act as collateral. Through responsible use of a secured credit card, you can boost your credit score and eventually qualify for a better credit card.

Most experienced points and miles enthusiasts agree that transferring flexible currency, including Capital One Miles or Spark Miles, to partner loyalty programs often provides the greatest value. In recent years, Capital One Miles have become significantly more valuable, as Capital One has added transfer partners and improved transfer ratios.

In a related article, we provide details about how to transfer Capital One Miles to partners, address factors to consider in evaluating transfer options, discuss common questions and describe how to obtain Capital One Miles.

Transferring flexible currency—including Capital One Miles—to partner loyalty programs can provide the greatest value compared to other uses of these miles. 

Capital One has 15 airline partner programs.

Transferring flexible currency—including Capital One Miles—to partner loyalty programs can provide the greatest value compared to other uses of these miles. 

For Capital One, there are 15 airline partner programs.

Transferring flexible currency—including Capital One Miles or Spark Miles—to partner loyalty programs can provide the greatest value compared to other uses of these miles. 

For Capital One, there are 15 airline partner programs.

Capital One's business version of its popular Capital One Venture X Rewards Credit Card, a luxury travel card with an annual fee of $395 and premium benefits, such as Priority Pass lounge access and $300 in annual travel statement credits.

The Capital One Venture X Business is similar to its personal card counterpart in many ways, offering the same exact rewards earning rates, annual travel credits, annual fee and more.

However, the Venture X Business card differs from the personal version in a few key ways.