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.