Those with the Capital One® Venture® Rewards Credit Card and Capital One® VentureOne® Rewards Credit Card can earn 10x miles for using their card for purchases with hotels.com. Specifically, the purchase needs to be made through hotels.com/venture in order to be eligible.
For now this partnership is valid through January 31, 2020. Ordinarily the Capital One Venture offers 2x miles and the Capital One VentureOne offers 1.25x miles, so this means you’re earning 5-8x as many miles as usual for these purchases as usual. While Capital One markets their points currency as miles, in reality each mile can be redeemed for one cent towards the cost of a travel purchase, so I view 10x miles as being roughly equivalent to a 10% return.
Best of all, you can stack this with the hotels.com rewards program, which offers one free night after every 10 stays. That’s potentially a return of up to 10%, meaning that between the credit card and hotels.com loyalty program, you’re looking at a return of up to 20% on stays, which is solid.
There are some downsides to using hotels.com, in general. If you’re booking a chain hotel, you typically won’t earn points or receive elite benefits if booking through hotels.com. That’s why I typically don’t use hotels.com for stays at major hotel groups, since I value elite benefits and elite qualifying points more.
However, if you only stay at hotels occasionally, or aren’t loyal to any particular hotel chain, this can be a great way to earn rewards for your hotel stays without committing to one program. Furthermore, I can see value in this when staying at an independent hotel where I can’t otherwise earn useful rewards.
There are a couple of other considerations that potentially decrease the margins here a bit:
- You’re forgoing the bonuses you could earn for hotel spend with other cards, like the Chase Sapphire Reserve® Card, which offers triple points on travel, including hotels (I value that at ~5%)
- There are some online shopping portals that offer a bonus on hotels.com bookings, and you’re forgoing that when you book through this offer, since you have to use a specific link
All things considered, earning 10x points on hotels.com spend with the Capital One Venture or Capital One VentureOne is a great, straightforward opportunity. When you stack it with the hotels.com loyalty program, you’re potentially looking at a return of 20% on your spend through the site.
I like Capital One’s new partnerships, given that they’re straightforward and actually add value for cardmembers.
Could you see yourself taking advantage of this new Capital One & hotels.com partnership?
(Tip of the hat to Doctor Of Credit)