This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Most Consumers Missed Out On Using Rewards For Summer Travel

Stocks in this article: COF

MCLEAN, Va., Aug. 9, 2012 /PRNewswire/ -- The Capital One (NYSE: COF) Rewards Barometer ( today revealed that while 33 percent of rewards card holders reported this May they would use rewards for summer vacations, only 21 percent redeemed. According to the barometer, a quarterly survey among American consumers that focuses on how they accumulate and redeem credit card rewards, the top barrier preventing customers from using their rewards points for travel was not having enough rewards to book the trip they wanted (43 percent). Blackout dates and lack of availability also prevented cardholders from redeeming their rewards for travel.

"Card holders should understand that sometimes it can be difficult to use the rewards they've earned with some programs," said Amy Lenander, Vice President of Rewards Programs at Capital One. "At Capital One, we design our rewards programs to offer great value, flexibility and ease of use. For example, our travel rewards customers can redeem their miles for any travel purchase, even if it's booked at the last minute."

Understanding Extra Fees

When card holders redeem rewards for travel, their trip is not always as "free" as expected since they are sometimes charged extra for airline taxes, fuel surcharges, and booking fees when they redeem. According to the barometer, 37 percent of cardholders who used rewards for travel had to pay fees this summer when they redeemed their rewards. That said, more than one-third of respondents surveyed are not sure if they are charged a fee or additional expense when using rewards to book travel. Not only are card holders often unaware of the extra fees charged for rewards redemption, but more than half of the respondents (52 percent) are not sure if they are charged foreign transaction fees on their credit card purchases while traveling abroad.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs