How does the 2 miles per dollar work?

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4 posts
Dues
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How does the 2 miles per dollar work?

Postby Dues » Thu Dec 26, 2013 9:47 am

Hello - I've always been a fan of cash back cards but I'm finding myself traveling more and more lately and am considering a travel rewards card.

Through my research on the best cash back card I've learned that capital one venture card has very good ratings but I don't understand the whole "earn 2 miles for every dollar you spend" thing.

If I want to go on a trip that's 800 miles away and I spend 800$ surely that wont give me a trip to another state so easy? How many reward miles are used for a trip?


CCG
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Location: Austin, TX

Postby CCG » Thu Dec 26, 2013 10:34 am


cpaynter
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Postby cpaynter » Thu Jan 02, 2014 6:38 pm

Dues wrote:Hello - I've always been a fan of cash back cards but I'm finding myself traveling more and more lately and am considering a travel rewards card.

Through my research on the best cash back card I've learned that capital one venture card has very good ratings but I don't understand the whole "earn 2 miles for every dollar you spend" thing.

If I want to go on a trip that's 800 miles away and I spend 800$ surely that wont give me a trip to another state so easy? How many reward miles are used for a trip?


Others have posted the links that give you the official rundown, but I'll just give you a simple answer to your question.

Spending $800 will earn you 1600 miles. Those 1600 miles can be used for $16 toward a flight.

Chris.

hwturner
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Postby hwturner » Sun Jan 12, 2014 2:08 pm

CPAYNTER has it right . It can be a little confusing with the 2 miles/1%/2% etc. My Navy Federal Visa Signature Flagship card works the exact same way. If I redeem 10k points for travel, it equates to 1% of how much you spent. If you spend $5,000 you get 10k points. That equals $100 in travel rewards, meaning you are actually getting a 2% return on your dollar. $5000 spent*.02=$100 reward.

Easiest way to think about it is by looking at the points you have. That first link posted on this thread explains it the best. $216 plane ticket requires 21,600 points.


If any of you have NFCU and like this Capital One card, give the Visa Flagship card a look. The AF is only $49
NFCU Visa Signature Flagship $8.5k
Home Depot Consumer Card $2.5k
PNC Bank Card(AU) $2.5k
AMEX BCE $2.5k
Discover IT $3.5k
Chase Slate $5.4k


Experian: 771
Transunion: 715
Equifax: 680 (as of 08/01/2013)



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