![]() Note that Capital One will pull all three major credit bureaus (Experian, TransUnion, Equifax) for one credit card application, and it is very difficult to get approved if you have a lot of recent hard pulls. The earning structure on itself is similar to Citi Double Cash (DC) in the TYP system, and this card has an annual fee, but C1 Miles system has other good cards that have a good earning rate to work together. Now that C1 Miles are valued more than 1 cent/point, its everything 2x earning structure is attractive. In 2021, Capital One improved its Miles system a lot, which makes this card more valuable. You will get automatic denial if you violate this rule, but there will be no hard pull. You can only apply for 1 Capital One credit card for every 6 months, including both personal and business credit cards.We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.In summary, we estimate that C1 Miles are worth about 1.6 cents/point.You can redeem your C1 Miles towards statement credit at a fixed ratio 0.5 cents/point.You can also redeem your C1 Miles towards some merchants gift cards at a fixed raiot 1.0 cent/point. You can redeem your C1 Miles towards travel expense at a fixed ratio 1.0 cent/point.If you use C1 Miles in this way, the value is about 1.6 cents/point. Some good 1:1 transfer options are: Air Canada (AC) (Star Alliance), Avianca (AV) (Star Alliance), Asia Miles (CX) (Oneworld), British Airways (BA), and Wyndham hotel points, etc. If you have a Miles earning card, C1 Miles can be transferred to some airline miles and hotel points.You will lose the C1 Miles on one card if you close the account, but you can prevent losing your C1 Miles by moving the points to another C1 card beforehand. However, you can not move your Miles from a Miles earning card to a cashback earning card, therefore cashback is more flexible than Miles in C1's system. You can move your C1 Miles from one Miles earning card to another Miles earning card at any time, and you can also move your cashback from a cashback earning card to a Miles earning card at any time.Cashback earning cards mainly include: Capital One Savor Cash Rewards Credit Card, Capital One SavorOne Cash Rewards Credit Card, Capital One Quicksilver Cash Rewards Credit Card, Capital One Spark Cash Plus etc. Miles earning cards mainly include: Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card, Capital One Spark Miles for Business. You can earn C1 Miles with two kinds of cards: Miles earning cards, or cashback earninng cards.Capital One will pull all three major credit bureaus (Experian, TransUnion, Equifax) for one credit card application!.$95 annual fee, NOT waived for the first year.Up to $100 credit for Global Entry or TSA Precheck application fee. ![]() Therefore the 100k highest offer is worth about $1,600! The overall value of Capital One Miles is 1.6 cent/point. ![]()
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