Capital One sent out an email a few days ago to notify Venture cardholders that the value of their points would be decreased. This only applies when points are used on gift cards. Here’s what the email says:
After March 28, 2019, some gift cards will cost more miles to redeem than others. For example, a $10 gift card at some retailers would be 1,250 miles to redeem while others would remain 1,000 miles to redeem.
This is probably not a big deal for most people, since the best use of Venture points is on travel purchases at 1 cent each or for transfers to one of their 14 airlines partners. But it was still a decent option to have, especially for some of the best brands. And it’s exactly those brands who are going up in price. Here’s the full list of changes: