HELP!! How to redeem miles to travel purchase on Capital One Venture?

[Cashbackjunky]

Hey all!

I am new to the Capital One Venture card and I'm wondering how the travel purchase eraser works. I bought some plane tickets for a few hundred bucks and want to redeem my $400 sign up bonus towards it.

The only problem is, I paid the card off completely already ($0 balance is currently showing), but when I go to "redeem a purchase" it still shows up as a selectable option.

I'm wondering if I redeem this purchase ($350), will my card just be $350 above the credit limit? ($10,350 available, instead of $10,000 available). Or will it not even ACTUALLY redeem it (haven't done the last "confirmation" step yet).

Also, does anyone know how long you have to redeem a travel purchase before it disappears from the redeem page? 30 days, 60, 90 days?

Thanks in advanced for all the help!

Cheers!

[DeeBee78]

---

@Cashbackjunky wrote:
Hey all!

I am new to the Capital One Venture card and I'm wondering how the travel purchase eraser works. I bought some plane tickets for a few hundred bucks and want to redeem my $400 sign up bonus towards it.

The only problem is, I paid the card off completely already ($0 balance is currently showing), but when I go to "redeem a purchase" it still shows up as a selectable option.

I'm wondering if I redeem this purchase ($350), will my card just be $350 above the credit limit? ($10,350 available, instead of $10,000 available). Or will it not even ACTUALLY redeem it (haven't done the last "confirmation" step yet).

Also, does anyone know how long you have to redeem a travel purchase before it disappears from the redeem page? 30 days, 60, 90 days?

Thanks in advanced for all the help!

Cheers!

---

If/when you redeem it, your credit limit will still show $10,000 available, with a -$350 current balance. Capital One doesn't count negative balances towards your available credit. It's just a statement credit, no matter how they dress it up as a "redemption"

[Cashbackjunky]

---

@DeeBee78 wrote:

---

@Cashbackjunky wrote:
Hey all!

I am new to the Capital One Venture card and I'm wondering how the travel purchase eraser works. I bought some plane tickets for a few hundred bucks and want to redeem my $400 sign up bonus towards it.

The only problem is, I paid the card off completely already ($0 balance is currently showing), but when I go to "redeem a purchase" it still shows up as a selectable option.

I'm wondering if I redeem this purchase ($350), will my card just be $350 above the credit limit? ($10,350 available, instead of $10,000 available). Or will it not even ACTUALLY redeem it (haven't done the last "confirmation" step yet).

Also, does anyone know how long you have to redeem a travel purchase before it disappears from the redeem page? 30 days, 60, 90 days?

Thanks in advanced for all the help!

Cheers!

---

If/when you redeem it, your credit limit will still show $10,000 available, with a -$350 current balance. Capital One doesn't count negative balances towards your available credit. It's just a statement credit, no matter how they dress it up as a "redemption"

---

OK, so what you are saying is, I can redeem this $350 purchase regardless if I've paid it off or not. The $350 will just be a negative balance, meaning I can spend $350 before actually having a balance on the card? 

Do you know how long each travel purchase is available to be "redeemed"?

Cheers!

[DeeBee78]

---

@Cashbackjunky wrote:

---

@DeeBee78 wrote:

---

@Cashbackjunky wrote:
Hey all!

I am new to the Capital One Venture card and I'm wondering how the travel purchase eraser works. I bought some plane tickets for a few hundred bucks and want to redeem my $400 sign up bonus towards it.

The only problem is, I paid the card off completely already ($0 balance is currently showing), but when I go to "redeem a purchase" it still shows up as a selectable option.

I'm wondering if I redeem this purchase ($350), will my card just be $350 above the credit limit? ($10,350 available, instead of $10,000 available). Or will it not even ACTUALLY redeem it (haven't done the last "confirmation" step yet).

Also, does anyone know how long you have to redeem a travel purchase before it disappears from the redeem page? 30 days, 60, 90 days?

Thanks in advanced for all the help!

Cheers!

---

If/when you redeem it, your credit limit will still show $10,000 available, with a -$350 current balance. Capital One doesn't count negative balances towards your available credit. It's just a statement credit, no matter how they dress it up as a "redemption"

---

OK, so what you are saying is, I can redeem this $350 purchase regardless if I've paid it off or not. The $350 will just be a negative balance, meaning I can spend $350 before actually having a balance on the card? 

Do you know how long each travel purchase is available to be "redeemed"?

Cheers!

---

I don't have a Venture, so I don't know how long each purchase is available to redeem. On my Quicksilver, I can go back 90 days. 

But again, it's not necessary to redeem a specific purchase. You can simply ask for a statement credit for $350. 

[Shooting-For-800]

You can redeme up to 90 days or 3 statements.

I do $100 at a time oldest first.