Capital One is launching a partnership with carsharing platform Turo, and opening up use of its travel portal to more cardmembers.
New Turo Offer
You can rent someone’s car on Turo, as an alternative to renting from a company like Hertz or Avis. It’s not always as seamless a pickup at airports, but you’re renting a specific vehicle rather than a broad category. You may not be spinning the roulette wheel, and of course car rental companies don’t always have cars when you arrive so Turo may not be less convenient after all.
Sometimes you’ll get a much better deal renting from a private party, and you can rent much nicer cars too.
When renting with Turo (turo.com or their app) using a Capital One card,
- Venture X cardholders 10X miles
- Venture cardholders earn 5X miles
The offer runs through May 16, 2023. As a merchant-funded offer whether or not it gets renewed depends on how well it does for Turo and whether it’s worth their continuing to spend on marketing to Capital One customers.
It’s interesting that Capital One has partnerships with Hertz and with Turo, since increasingly they’re competitors. I value Capital One miles at 1.6 cents apiece, so earning 10 per dollar amounts to a 16% rebate which isn’t bad at all.
Expanded Access To Capital One Travel
Credit card companies have their own travel portals, but those are generally outsourced to the same companies that do it badly elsewhere on the internet. Capital One, though, made a $170 million investment in Hopper, the online booking service which uses machine learning to guide customers on when it’s the best time to buy a plane ticket. And they partnered with Hopper to roll out their new online travel tool which layers Hopper’s prediction analytics with guarantees for the traveler.
Capital One offers offers the most guarantees of any places customers might book online – while letting them use their points to pay for travel if they wish. And when you book paid travel they’re able to offer better rewards by rebating some amount of commission in the form of points.
They launched his slowly, focusing on premium consumer travel cards first. But now all Capital One rewards cardholders can use it. That includes the Savor, Quicksilver, Spark Cash, and Student products which earn 5% cash back on hotels and rental cars booked there using eligible cards. They can also redeem their cash rewards for travel through the portal.