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Capital One unveiled the details of its brand new travel booking portal – Capital One Travel. It is a unique platform to book trips with your Capital One credit card, regardless of whether you book with miles or cash.
This news comes as the bank recently announced enhanced travel benefits, including new transfer partners for Capital One miles and the opening of three Capital One airport lounges.
Now, Capital One provides an all-in-one travel portal where consumers can book flights, hotels and car rentals – as well as access several exciting features to save on travel costs and make booking a hassle-free experience.
The newly launched travel portal Capital One, which cardholders can interact with starting Wednesday.
Courtesy of: Capital One
The price prediction technology of the Capital One Travel portal has an accuracy of 95%, which gives consumers great confidence that they know when to book a flight.
Courtesy of: Capital One
- Price drop protection: If a fare lower than what you paid for is found, Capital One will offer a refund of the difference. This can be a huge money saver for consumers who travel regularly, and the best part is that it’s automatically reimbursed.
- Price guarantee: If you find a better price on a flight, hotel or car rental on another website within 24 hours of booking, Capital One Travel will refund the difference.
Later this year, Capital One will add these benefits to its travel portal:
- Integrated “cancel for any reason” travel insurance: For a small fee, consumers can book their trip with a “Cancel for any reason” clause. This is usually a premium if you like Purchase traditional travel insurance. You can cancel a flight for any reason 24 hours before departure and get 80% of your ticket cost back.
- Freeze price: If you find a rate you like but aren’t fully ready to book, you have the option to freeze the rate and complete the purchase at a later date. Capital One will cover the difference if the fare is higher than at the time of suspension; If the price has gone down, you can buy it at the lower price. There is a small fee for this feature.
Finally, sustainable travel has become a priority for many on the go. Sustainable travel report 2021 from Booking.com found that 61% of travelers said the pandemic made them want to travel more sustainably. In response, Capital One is partnering with Eden Reforestation to plant four trees for every flight, hotel or car rental booking to help restore forests.
Compared to other banks’ travel portals, Capital One Travel offers a unique and potentially valuable tool. The other travel booking platforms don’t come with nearly the same purchase protection or travel insurance policies.
And with Transfer bonuses are becoming more lucrative Consumers who collect transferable points often have less incentive to use a bank’s travel portal. But with Capital One’s new product, travelers have more options to try and get the best price on their upcoming adventure.
If you are interested in the new Capital One Travel portal, you should apply for one of the many Capital One credit cards.
Here are their current cards and their welcome offers:
Booking through a credit card travel portal has several advantages, most notably the ability to do so Earn and burn your miles all in one place. But the new advantages of the Capital One Travel Portal set the card issuer apart from the booking platforms of other banks.
Information about the Capital One cards was collected independently by CNBC and was not verified or provided by the card issuer prior to publication.
Editorial note: Any opinion, analysis, review, or recommendation expressed in this article is solely that of Select’s editors and has not been reviewed, approved, or otherwise endorsed by any third party.