just got email from Cap1
• No more redemption tiers! 100 reward miles = $1 in travel so you’ll always receive full value for your reward miles for travel.
• No more minimum redemption requirements! You can literally redeem for cents.
• Introducing partial redemptions! Redeem on a portion of a transaction – for example, redeem half of an overseas flight.
Redeeming your reward miles is easy. You can deduct the cost of travel purchases you’ve already made on your card by redeeming your reward miles for an account credit.