Capital One - New Point Redemption System | Credit card reward programs | Discussion forum

Great news for Capital One point card holders..

These restrictions made it a waiting game to use points for adequate travel needs..

we’ve made some exciting changes to your travel rewards program to help you get the most out of the reward miles you collect.
• 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.

What’s even better – you don’t need to do anything to receive these program improvements. All your other account terms will stay the same and you can still choose whether to redeem your reward miles for travel, gift cards or cash.

We hope you enjoy your improved rewards program.