Capital One has officially updated their website to allow customers to wipe away travel charges with partial credit! If you have the Barclaycard Arrival Plus card, then you’ll feel right at home. Capital One used to make customers have the entire amount of miles available in order to use the purchase eraser on a travel charge. For instance, if you wanted to erase a $500 airline ticket, you had to have the full 50,000 miles available! Capital One now lets you use your miles to erase a portion of your travel charge starting at 2,500 miles ($25). This means if you only have 40,000 miles available ($400), you could apply those miles to erase a $500 travel charge and you’d only be responsible for $100!
I have an Uber charge on my Capital One Venture card from July and when I tried to use my 1,170 miles to erase the charge it wouldn’t let me. Like the Barclaycard Arrival, you must have at least 2,500 in miles to start erasing travel charges. Here’s the exact error message I got when trying to erase the Uber charge:
(We’re sorry. Your available balance is less than the required minimum amount for partial credit for this transacation. Please select another transacation or try again when your balance is at least 2500 miles.)
This is excellent news since this was my biggest complaint I had against the Venture card! When I visited London in July, I had to tell the hotel to charge a certain amount to my Venture card because I wanted to be able to erase the charge with what miles I had. If the hotel had charged the entire purchase to my Capital One Venture card then I wouldn’t have been able to erase the hotel charge since I did have enough miles to cover the entire purchase.
Now that Capital One has upped their signup bonus to 40,000 miles and they allow partial credits on travel charges, which card is better? I still think the Barclaycard is better for two reasons:
- Barclaycard Arrival will give you 10% of your miles back when you redeem them for travel. This means you could receive 5,000 miles back when you redeem 50,000 miles.
- Barclaycard Arrival has EMV chip and also has chip-and-pin when chip-and-signature is not available outside the U.S.
Capital One typically pulls from all 3 credit bureaus when applying for their credit cards. If you don’t mind this, I think the Capital One Venture card is a great option to have in your wallet! It also comes with a low $59 annual fee vs. $89 like the Barclaycard Arrival.