6/23/2023 0 Comments Capitalone powercard loginWhile you can boost both of your credit scores, or help a family member establish credit, you’ll also be responsible for paying off the balance they put on the card.Īn authorized user is an additional cardholder added to a credit account through the permission of the initial primary cardholder. But, if you look at points and miles as having a dollar value, you don’t want to spend more than you have to.Adding an authorized user to your Capital One credit card can have great benefits for both you and the authorized user, but there are some things that should be taken into account before making that decision. I believe any redemption is helpful, as it cuts out costs you’d otherwise pay out of pocket. I redeemed points for statement credits and gift cards, not realizing I could get a significantly better value out of my miles with a bit of research. When I first got the Venture Rewards Card, I was not very savvy with my redemptions, so I quickly blew through my welcome bonus. This ticket would have easily cost me over $1,000 if I had booked in cash or over 100,000 Capital One miles if I had booked through the portal. I transferred 42,200 Capital One miles to Avianca LifeMiles and booked a business class ticket from Buenos Aires to Mexico City. Note you will have to pay $205.90 in taxes and fees when booking directly with Air France, but you still save over 231,000 miles by transferring. Or, you can transfer just 73,500 miles to Air France at a 1:1 ratio and book the exact same route and fare class. For instance, on a one-way flight from Newark (EWR) to Paris (CDG) this September, you can book through Capital One Travel and pay 305,020 miles to fly in business class. Ultimately, you want to stretch your miles as far as possible, so transferring them to a partner can help. If you transfer 1,000 Capital One miles to ALL - Accor Live Limitless, you will receive 500 points in your rewards account. This means that if you transfer 1,000 Capital One miles to EVA Air, you will receive 750 points in your Infinity MileageLands account. There are two additional partners: EVA Air has a 2:1.5 transfer ratio, and Accor Live Limitless has a 2:1 transfer ratio. The following partners have a 1:1 transfer ratio, which means if you transfer 1,000 Capital One miles, you will receive 1,000 points in your rewards program account. Or, you can transfer your miles to several hotel and airline partners, frequently giving you a much better valuation per mile. You have two options for redeeming your miles-you can either book hotels, rental cars, or flights through the Capital One Travel portal, which gives you a flat rate of one cent per mile. However, on other everyday purchases, you would only earn one point per dollar using your Chase card, so you would want to pull out your Venture Card at checkout to maximize your earnings. If you have a card like the Chase Sapphire Preferred, which gives you three points per dollar on dining, online grocery orders, and streaming services, you’ll want to use that card on bonus category spending. The Venture Rewards Card is perfect for everyday purchases. However, you can transfer those miles to a number of partners to get a better value-more on that later. If you were to redeem those miles in the Capital One Travel portal, the offer would be worth $750. The current welcome offer allows new cardholders to earn 75,000 bonus miles after spending $4,000 on purchases within the first three months from account opening. Another nice perk: There are no foreign transaction fees, so you can use your card worldwide without racking up extra charges. On top of these perks, cardholders get automatic Hertz Five Star status, which lets you skip the rental counter when renting a car and gives you a wider selection of cars to choose from. The Turkish Airlines lounge at the Miami International Airport (MIA) is one of my favorite lounges I frequent because it is comfortable, the food is always delicious, and the service is impeccable. Although I’ve never taken advantage of this perk, as it’s relatively new for cardholders, I have found that airport lounges can make an ordinary travel experience exceptional. You can also use your two free visits at Plaza Premium Lounges, which have locations worldwide. However, two more are set to open this year in Washington Dulles (IAD) and Denver (DEN). There’s currently just one Capital One Lounge open, and it’s in Dallas-Fort Worth (DFW). This is a great way to test out lounges if you are not ready to commit to a card like the Capital One Venture X and enroll in Priority Pass. Cardholders also get two free visits to Capital One Lounges-or to 100+ other locations in the partner lounge network-each year.
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