2023.8 Replace: There’s a 80k supply hyperlink.
2023.6 Replace: There’s 100k supply now. [Update] 100k hyperlink expired. The present supply is barely 75k.
Be taught Extra
Advantages
- 80k supply: earn 80,000 miles after spending $4,000 in first 3 months. The latest greatest supply is 100k.
- The general worth of Capital One Miles is 1.6 cent/level. See under for a quick introduction. Subsequently the 100k highest supply is value about $1,600!
- Earn 2x Miles on all purchases.
- As much as $100 credit score for International Entry or TSA Precheck software charge.
- No overseas transaction charge.
Disadvantages
- $95 annual charge, NOT waived for the primary yr. (Earlier than 2017.10, the annual charge was $59)
- Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card software!
Introduction to Capital One (C1) Miles
- You’ll be able to earn C1 Miles with two sorts of playing cards: Miles incomes playing cards, or cashback earninng playing cards. Miles incomes playing cards primarily embrace: Capital One Enterprise Rewards Credit score Card, Capital One VentureOne Rewards Credit score Card, Capital One Spark Miles for Enterprise. Cashback incomes playing cards primarily embrace: Capital One Savor Money Rewards Credit score Card, Capital One SavorOne Money Rewards Credit score Card, Capital One Quicksilver Money Rewards Credit score Card, Capital One Spark Money Plus and many others.
- You’ll be able to transfer your C1 Miles from one Miles incomes card to a different Miles incomes card at any time, and you too can transfer your cashback from a cashback incomes card to a Miles incomes card at any time. Nevertheless, you cannot transfer your Miles from a Miles incomes card to a cashback incomes card, subsequently cashback is extra versatile than Miles in C1’s system.
- C1 Miles by no means expire. You’ll lose the C1 Miles on one card in case you shut the account, however you may stop shedding your C1 Miles by shifting the factors to a different C1 card beforehand.
- When you’ve got a Miles incomes card, C1 Miles will be transferred to some airline miles and resort factors. Some good 1:1 switch choices are: Air Canada (AC) (Star Alliance), Avianca (AV) (Star Alliance), Asia Miles (CX) (Oneworld), British Airways (BA), and Wyndham resort factors, and many others. When you use C1 Miles on this means, the worth is about 1.6 cents/level.
- You’ll be able to redeem your C1 Miles in direction of journey expense at a set ratio 1.0 cent/level. You may also redeem your C1 Miles in direction of some retailers present playing cards at a set raiot 1.0 cent/level.
- You’ll be able to redeem your C1 Miles in direction of assertion credit score at a set ratio 0.5 cents/level.
- In abstract, we estimate that C1 Miles are value about 1.6 cents/level.
Beneficial Software Time
- We advocate you apply for this card after you’ve a credit score historical past of no less than two years and you might be very comfy with the bank card recreation.
- [1/6 rule] You’ll be able to solely apply for 1 Capital One bank card for each 6 months, together with each private and enterprise bank cards. You’ll get automated denial in case you violate this rule, however there can be no exhausting pull.
Abstract
In 2021, Capital One improved its Miles system quite a bit, which makes this card extra worthwhile. Now that C1 Miles are valued greater than 1 cent/level, its every part 2x incomes construction is enticing. The incomes construction on itself is much like Citi Double Money (DC) within the TYP system, and this card has an annual charge, however C1 Miles system has different good playing cards which have a superb incomes fee to work collectively. Notice that Capital One will pull all three main credit score bureaus (Experian, TransUnion, Equifax) for one bank card software, and it is rather tough to get authorised when you’ve got a variety of latest exhausting pulls. When you don’t need this card after one yr, you may downgrade it to Capital One VentureOne.
Associated Credit score Playing cards
Beneficial Downgrade Choices
Historic Gives Chart
Notice: Typically there are affords reminiscent of 50k+50k on this card, however the spending necessities after the latter half are big. Subsequently, we don’t deal with them as sign-up bonus.
Be taught Extra
When you like this submit, remember to offer it a 5 star score!