I've written extensively about the Arrival card because — during the first, fee - free year — it functions as a 2.22 % cash back card when you redeem
your miles against travel purchases.
Not exact matches
While I
travel enough to have no difficulty finding
purchases to redeem my
miles against, if you're an infrequent traveler or don't spend very much money on your existing credit cards, you may find yourself struggling to redeem your
miles at their full value.
In addition to airline tickets, you can also redeem your
miles for statement credit, starting at 15,000
miles which can be redeemed for a $ 150 statement credit
against any
travel purchase with your Chase credit card.
With the Capital One ® Venture ® Rewards Credit Card, the
miles you earn can be redeemed
against all sorts of
travel purchases you charged to it.
Whether you redeem your
miles as statement credit
against recent
travel purchases or use them to
purchase travel through Capital One's portal, the redemption value is always 1 cent per
mile.
Whether you redeem your
miles as statement credit
against recent
travel purchases or use them to
purchase travel through Capital One's portal, the redemption value is always 1 cent per
mile.
These
miles are redeemed at 1 cent per point for
travel so that means you'll earn the equivalent of $ 460 worth of statement credit that can be applied
against your
travel purchases.
That means that once you hit the minimum spend you'll have earned 56,000
miles, the equivalent of $ 460 worth of statement credit that can be applied
against your
travel purchases.
There was another situation where there were around 57,000
miles in the account and a few
travel purchases we could redeem
against.
Since these
miles are redeemed at 1 cent per point for
travel that means you'll earn the equivalent of $ 460 worth of statement credit that can be applied
against your
travel purchases.
The Rewards card is a cash - back card with no annual fee, and the Arrival card has an $ 89 annual fee (waived the first year) and earns «
miles» that can be used as statement credits
against travel purchases.
So, if you've got 40,000
miles, you can use the points to get a $ 400 statement credit
against a
travel purchase.
Before the comments section fills up with snark, let me say yes, I know you can redeem Arrival +
miles against refunded
travel purchases.
only 5 % of Arrival +
miles redeemed
against travel purchases will be redeposited in your account after each redemption, down from 10 %.
If you redeem your
miles for
travel credit, you can redeem at 10,000
miles for a $ 100 in statement credit
against travel purchases made in the last 120 days.
That is,
miles are worth 1 cent apiece whether you redeem them for credit
against travel purchases or cash back via direct deposit.
You get the best redemption value when you redeem for statement credit
against travel purchases at one
mile being worth a full cent.
Barclaycard Arrival
miles can be redeemed for half a cent each in cash back or 1 cent each
against travel purchases over $ 25 made with the card;
Those 50,000
miles are worth $ 500 as statement credits
against travel purchases.