Redeeming Credit Card Miles

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RobertStandley
Messages : 1
Enregistré le : jeu. 12 juil. 2018 13:54

Redeeming Credit Card Miles

Message par RobertStandley » ven. 13 juil. 2018 16:55

Hi,

I have a Capital One Venture Credit card with 113,842 miles. If I request cash I will get $569.21 but if I redeem the miles for travel purchases I get one dollar for every ten miles. For example I have a hotel bill for $832.97 which will cost 83,297 miles to redeem. This does not make sense to me why would anyone take the cash or am I missing something?

Please help.

I didn't find the right solution from the Internet.

References:-
https://www.bogleheads.org/forum/viewtopic.php?t=250956
Motion graphics agency

Thanks!

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