Capital One rewards include airline tickets, cash, gift cards, statement credits and hotel stays, the company explains. Cardholders can also earn car rentals, travel packages and cruises with the company's rewards program, or they can use rewards to make charitable donations.
Capital One offers cash back and travel rewards cards, the company website explains. With a cash back card, cardholders earn 1.5 percent cash back on each purchase as of late 2015. Cardholders can redeem cash back rewards at any point and for any amount for statement credit, a gift card or check, or they can use their rewards to make charitable donations.
With a travel rewards card, cardholders earn unlimited miles with each purchase, according to Capital One.They can redeem miles for travel-related expenses as well as for gift cards. Cardholders can redeem miles on any airline at any time, without blackout dates or seat restrictions, and book their airline tickets up to ten months in advance. Tickets do not have to be booked in the cardholder's name.
A cardholder can view information about available rewards and his rewards account balance by logging onto his account at Capital One's website. If a cardholder's account is open and in good standing, he can redeem any or all of the rewards that have been posted to his account.