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Best use of 110K Capital One points?

Best use of 110K Capital One points?

Old Mar 10, 11, 4:49 pm
  #1  
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Best use of 110K Capital One points?

I thought I'd start a new thread where we could discuss the different ways to use the large amount of Cap1 points many of us 'hopefully' will be receiving. Many of us are Cap1 novices and would appreciate some guidance.

Maybe someone could post an award chart or other pertinent info. Cap1 experts, please chime in.

Hopefully this will keep the BIG thread from getting a lot bigger.
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Old Mar 10, 11, 4:50 pm
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I know that you can cash in 10,000 points for $100.

I think this means you're rich if you have 110,000.

dh
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Old Mar 10, 11, 5:01 pm
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Originally Posted by dhammer53 View Post
I know that you can cash in 10,000 points for $100.

I think this means you're rich if you have 110,000.

dh
Is this a 1099 situation?
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Old Mar 10, 11, 5:37 pm
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Can Capital One miles be converted to other Airline miles like AA or UA?
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Old Mar 10, 11, 5:41 pm
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How about Starwood Cash $ Points?
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Old Mar 10, 11, 5:58 pm
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Originally Posted by gmid2006 View Post
Can Capital One miles be converted to other Airline miles like AA or UA?
No. They aren't 'miles' but scrip.
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Old Mar 10, 11, 5:59 pm
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Originally Posted by philemer View Post
Many of us are Cap1 novices and would appreciate some guidance.
In Other CCs Forum, mia did great work in this thread and listed some related CapOne discussion threads altogether:

Venture card by Capital one

If I am reading it right, it appears CapOne points are similar to Flexpoints w/ US Bank and/or Chase Freedom rewards. It's not on the same level of "convertiblity" as say Amex SPG.
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Old Mar 10, 11, 6:00 pm
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Originally Posted by dhammer53 View Post
I know that you can cash in 10,000 points for $100.

I think this means you're rich if you have 110,000.

dh
To convert to cash, you get 50% value so you would only get $550
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Old Mar 10, 11, 6:08 pm
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Isn't the real question -- What ways can I use 110K Capital One points that buys me more than $1,100 of travel?

Otherwise, aren't you inviting people to suggest flying 2 people in coach to Paris in the dead of winter, flying a family of four to the Magic Kingdom in the summer, staying 1 night at the Park Plaza, etc.?
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Old Mar 10, 11, 6:09 pm
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Originally Posted by FTnoob101 View Post
To convert to cash, you get 50% value so you would only get $550
Did you mean $500?
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Old Mar 10, 11, 6:22 pm
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Originally Posted by philemer View Post
Did you mean $500?
But we thought you were asking for 110K Capital One points, as in the thread title?

110K x 0.01 x 50% = $550
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Old Mar 10, 11, 10:59 pm
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Could one use leftover points for full Y (refundable ticket) for exchange/later use.

If there are points left over after 11-12 months (before annual fee becomes due) and wants to cancel, could a person buy a fully refundable airline ticket and refund it later?

Say if there are 60K pts left, why not buy a full Y ticket (or more) and use it for later. Of course, one has to be able to redeem it online or do ticket by mail if one wants to exchange them.
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Old Mar 10, 11, 11:01 pm
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Originally Posted by chemist661 View Post
If there are points left over after 11-12 months (before annual fee becomes due) and wants to cancel, could a person buy a fully refundable airline ticket and refund it later?

Say if there are 60K pts left, why not buy a full Y ticket (or more) and use it for later. Of course, one has to be able to redeem it online or do ticket by mail if one wants to exchange them.
Could you not just by airline gift cards and get reimbursed?
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Old Mar 10, 11, 11:07 pm
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Originally Posted by chemist661 View Post
If there are points left over after 11-12 months (before annual fee becomes due) and wants to cancel, could a person buy a fully refundable airline ticket and refund it later?

Say if there are 60K pts left, why not buy a full Y ticket (or more) and use it for later. Of course, one has to be able to redeem it online or do ticket by mail if one wants to exchange them.
If you fly southwest you can always buy a southwest ticket, get the reimbursement from Cap1, then cancel the southwest ticket for full credit.
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Old Mar 10, 11, 11:42 pm
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Originally Posted by longleaf View Post
Could you not just by airline gift cards and get reimbursed?
I think I read somewhere that buying GC takes a 33% hit. You get $67 in GC for each $100 in Cap1 scrip. Not positive though.
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