Capital One sent out an email with information on an impending decrease to the value of their Venture points when being used for gift card redemption.
After March 28, 2019, some gift cards will cost more miles to redeem than others. For example, a $10 gift card at some retailers would be 1,250 miles to redeem while others would remain 1,000 miles to redeem.
Most people use Venture points either to redeem against travel purchases as 1 cent per point or to transfer with the new travel partners. For someone who doesn’t travel and needs to use up points, buying gift cards to places like Amazon is likely the best option as the cash redemption option gives just 1/2 cent per point.
Beginning later this month, many of the better gift cards to places like Amazon and Walmart will cost more and won’t get 1 cent per point value. Here is the full list:
Hat tip to reader NM
