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Capital One Travel: Your Guide To Booking Flights, Hotels & Car Rentals

Carissa Rawson

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Keri Stooksbury

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Capital One Travel: Your Guide To Booking Flights, Hotels & Car Rentals

Why Book Travel Through Capital One Travel?

What are capital one miles worth, how to access capital one travel, how to book a flight through capital one travel, how to book a hotel through capital one travel, how to book a rental car through capital one travel, rental cars, other ways to use capital one miles, final thoughts.

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

Trying to figure out how to use your rewards? Whether you’re a longtime fan of Capital One Miles or you’ve just jumped on the Capital One Venture X Rewards Credit Card train, there’s a lot to love about this flexible point currency.

Although it’s possible to transfer your Capital One miles out to a variety of partners, you can also use Capital One Travel to earn and redeem rewards for your stays. Let’s take a look at Capital One Travel, how it works, and when you should use it.

Capital One is heavily pushing its customers toward its travel portal — and for good reason. There’s a lot to love about Capital One Travel, and if you’re the kind of person who values simplicity and high rewards over elite status, it could be a good match for you.

Capital One Lounge Dallas bar and seating

Earn Miles or Points by Paying With a Credit Card

There are 2 ways in which you’ll earn miles or points when booking through Capital One Travel.

As a Capital One cardholder, you’ll earn a varying amount of miles depending on which card you use to pay:

Capital One Venture X Rewards Credit Card

The Capital One Venture X card is an excellent option for travelers looking for an all-in-one premium credit card.

The Capital One Venture X Rewards Credit Card is the premium Capital One travel rewards card on the block.

Points and miles fans will be surprised to see that the Capital One Venture X card packs quite the punch when it comes to bookings made through Capital One, all while offering the lowest annual fee among premium credit cards.

Depending on your travel goals and preferences, the Capital One Venture X card could very well end up being your go-to card in your wallet.

10x miles per $1 on hotels and rental cars purchased through Capital One Travel
5x miles per $1 on flights purchased through Capital One Travel
2x miles per $1 on all other purchases
$300 annual travel credit on bookings made through Capital One Travel
Unlimited complimentary access for cardholder and 2 guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
10,000 bonus miles awarded on your account anniversary each year
Global Entry or TSA PreCheck credit
Add authorized users for no additional annual fee ( rates & fees )
No foreign transaction fees ( rates & fees )
$395 annual fee ( rates & fees )
Does not offer bonus categories for flights or hotel purchases made directly with the airline or hotel group, the preferred booking method for those looking to earn elite status
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
Earn unlimited 2X miles on all other purchases
Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
Elevate every hotel stay from the Premier or Lifestyle Collections with a suite of cardholder benefits, like an experience credit, room upgrades, and more
Receive up to a $100 credit for Global Entry or TSA PreCheck ®

Financial Snapshot

APR: 19.99% - 29.99% (Variable)
Foreign Transaction Fees: None

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The Capital One Venture X card earns 10 miles per $1 spent on hotels and rental cars booked through Capital One Travel, 5 miles per $1 spent on flights booked through Capital One Travel, and 2 miles per $1 spent everywhere else.

Capital One Venture Rewards Credit Card

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

The Capital One Venture Rewards Credit Card is one of the most popular rewards cards on the market. It’s perfect for anyone in search of a great welcome offer, high rewards rates, and flexible redemption options.

Frequent travelers with excellent credit may benefit from this credit card that offers a lot of bells and whistles. And it offers easy-to-understand rewards earning and redemption.

5x miles per $1 on hotels and rental cars booked through Capital One Travel
Global Entry or TSA PreCheck application fee credit
Access to Capital One transfer partners
$95 annual fee ( rates & fees )
Limited elite benefits
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Earn unlimited 2X miles on every purchase, every day
Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
Miles won't expire for the life of the account and there's no limit to how many you can earn
Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more
Transfer your miles to your choice of 15+ travel loyalty programs
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The Capital One Venture card earns 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel and 2 miles per $1 spent on everything else.

Capital One Spark Miles for Business

The Capital One Spark Miles card is a low-annual-fee business card that earns 2x transferable miles on every $1 you spend. (Information collected independently. Not reviewed by Capital One.)

The Capital One Spark Miles for Business is a great option for business owners looking for an uncomplicated rewards card that earns double miles on every purchase they make and offers access to transfer partners, all for a low annual fee.

Unlimited 2x miles per $1 spent on all purchases
5x miles per $1 spent on hotel and rental cars purchased through Capital One Travel
2 complimentary visits to a Capital One Lounge per year
Up to a $100 Global Entry or TSA PreCheck credit
No foreign transaction fees
Free employee cards
Extended warranty coverage
Annual fee: $0 intro for the first year, $95 after that
Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won’t expire for the life of the account
Unlimited 5X miles on hotels and rental cars booked through Capital One Travel
Transfer your miles to 15+ travel loyalty programs
Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
Skip the lines with up to a $100 statement credit on TSA PreCheck ® or Global Entry
$0 intro annual fee for the first year; $95 after that
Free employee cards which also earn unlimited 2X miles from their purchases
APR: 26.24% (Variable)
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The Capital One Spark Miles card earns 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel and 2 miles per $1 spent on everything else.

Capital One Venture X Business Card*

Capital One Venture X Business Card

The Capital One Venture X Business card offers at least 2x miles on all purchases, and comes packed with premium perks.

The information regarding the Capital One Venture X Business card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

The Capital One Venture X Business card is a great all-around premium rewards card that helps you rack up miles on all of your business expenses.

From 2x miles on all purchases, airport lounge access, an annual travel credit, complimentary employee cards, and more, there is plenty to love about the Capital One Venture X Business card.

Unlimited complimentary access for cardholder and 2 guests to 1,300+ lounges, including Capital One Lounges and Priority Pass lounges
No-additional-fee employee cards ( rates and fees )
No preset spending limit
No foreign transaction fees ( rates and fees )
$395 annual fee ( rates and fees )
10x and 5x bonus categories are limited to Capital One Travel bookings
Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
This card has no preset spending limit, so you get purchasing power that adapts to your spending needs. The annual fee on this card is $395
Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening
Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
Earn unlimited 10X miles on hotels and rental cars and 5X miles on flights booked through Capital One Travel, where you’ll get the best prices on thousands of options
Every year, you’ll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings through Capital One Travel
Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
Skip the lines with up to a $100 statement credit on TSA PreCheck ® or Global Entry. Then enjoy unlimited complimentary access to Capital One Lounges and a network of 1,300+ lounges worldwide, including Priority Pass™ and Plaza Premium Group lounges
This is a pay-in-full card, so your balance is due in full every month
Elevate your stay at luxury hotels and resorts from the Premier Collection with a $100 experience credit and other premium benefits on every booking
APR: All charges made on this account are due and payable in full when you receive your periodic statement. The minimum payment due is the New Balance as indicated on your statement.

The Capital One Venture X Business card earns 10 miles per $1 spent on hotels and rental cars booked through Capital One Travel, 5 miles per $1 spent on flights booked through Capital One Travel, and 2 miles per $1 spent everywhere else. *(Information collected independently. Not reviewed by Capital One.)

You’ll still earn points even when paying with a different credit card; cards including the Chase Sapphire Reserve ® will earn you 3 Chase Ultimate Rewards points per $1 on all travel, even when using Capital One Travel to book.

Earn Points With Your Loyalty Program

Flights booked through Capital One Travel are counted as paid tickets . This is true whether you use your Capital One miles for a redemption or use cash. Because of this, you’ll be able to earn frequent flyer miles on any flights that you book. Signing up is free and easy — there’s no reason for you to miss out on these miles!

The same can’t be said of hotel programs. Nearly all hotel chains will skip out on benefits if you don’t book your stay directly with the hotel . Not only will you miss out on your perks, but you’ll also lose the ability to earn elite night credits for your stays, which can be a real blow if you’re trying to earn elite status. Keep this in mind when you’re using Capital One Travel for hotel bookings.

Ease of Use

If you’re not a huge points and miles geek, it can make sense for you to book with Capital One Travel. This is because it’s simple; you simply log in, look for the flights/hotels/rental cars that you need, and then book. You won’t have to sift through endless programs trying to find the best rates, and it’s especially easy when you’re looking to redeem your Capital One miles. They’ll always be worth 1 cent each when used for travel via Capital One Travel , which is a solid redemption. It’s not the best, however, as you’ll see later on.

Price Match Guarantee

In a bid for your business, Capital One offers a price match guarantee on all of its hotel bookings . If you find a publicly available price within 24 hours that is better than the one you’ve booked, Capital One will match it.

Capital One also offers price-drop protection for its flights . If the Capital One price prediction tool recommends you purchase a flight and you do, the same tool will automatically keep monitoring the cost of the flight. If prices drop again, you’ll get a refund on some or all of the price difference.

Bottom Line: There are a lot of reasons to book with Capital One Travel, though you’ll want to be wary of limitations that arise from booking with a third party.

We value points and miles according to a variety of factors, including how easy they are to use and redeem. Although you can use your Capital One miles for travel on Capital One Travel, there are plenty of other ways they can be redeemed.

The most valuable use of your miles occurs when you transfer them to any one of Capital One’s hotel and airline partners. In these cases, you can get outsized value for every mile. This is why we consider Capital One miles to be worth 1.8 cents each — nearly double the amount you’ll get when redeeming them within Capital One Travel.

You need to be a Capital One cardholder in to access Capital One Travel . Once on the page, you’ll log in to your account. After logging in, you’ll be brought to the portal’s home page:

From here, you can choose to book flights, hotels, or rental cars.

Booking a flight through Capital One Travel is fairly intuitive. After you log in and reach the landing page, you’ll want to select Flights in the toolbar up top:

This will bring you to the search page for flights. You’ll want to input all your information, including departure airport, destination, and dates of travel:

Like Google Flights , Capital One Travel will give you an estimation of price within a calendar feature:

Unlike Google Flights, however, Capital One has partnered with the booking site Hopper to tell you when you should book. You’ll be presented with detailed information regarding price predictions :

As you can see in the screenshot above, you have the option to freeze your price or set a price watch alert. If you’re looking to book immediately, you’ll want to scroll down, where Capital One will give you a list of results:

When selecting a flight, Capital One Travel will also give you a breakdown of information and the ability to book economy or first class tickets:

Once you’ve selected your outbound flight, you’ll pick the return. If booking a one-way, you’ll be taken to the checkout page.

Hot Tip: Capital One’s price drop protection automatically monitors the cost of flights you purchase and refunds you if prices fall.

As is normal with checkout pages, you’ll need to fill in your passenger information and credit card information. You can also select seats and choose whether or not you’d like to redeem miles. Capital One will give you 1 cent per point of value when using your miles through Capital One Travel . While this isn’t terrible, there are much better uses of those miles — such as transferring to a partner and booking a reward seat.

Once you’ve input all your info, you’ll hit Confirm and Book . That’s it!

Bottom Line: Booking flights through Capital One Travel is both intuitive and easy. Plus, you’ll be able to earn frequent flyer points on your booking.

If you’re looking to book a hotel through Capital One Travel, the process is simple. As before, you’ll start by logging into your account. Once you’ve hit Capital One Travel’s landing page, you’ll select Hotels in the top toolbar:

You’ll be taken to Capital One’s hotel search bar, where you can put in your travel destination and dates:

Once you select Search Hotels , you’ll be taken to a results page featuring an interactive map:

Along with filtering by rating and price, Capital One offers a variety of ways to narrow down your search:

As we mentioned above, Capital One Travel offers a hotel price match guarantee , which means you won’t find cheaper prices elsewhere. If you do happen to stumble across one on a publicly available site within 24 hours of booking, you can submit a price match request and, if approved, Capital One Travel will drop the cost down to the rate you’ve found.

Selecting a hotel from the search results will open a new tab where you can alter your information:

Scrolling down, you’ll be able to select the room type you prefer:

Once you’ve picked your room, you’ll be taken to the checkout page where you’ll fill out your traveler and payment information. You can also choose to use your Capital One miles for a value of 1 cent per point towards your booking:

Hot Tip: Be aware that booking hotels through Capital One Travel counts as a third-party booking — which means you won’t receive any elite status benefits or credit towards earning elite status when booking this way.

Once everything is filled in, you simply need to select Confirm and Book .

Just as with flights and hotels, you’ll log in to your account. From the landing page, you’ll select Car Rentals from the top toolbar:

You’ll be taken to the rental car search page where you can enter your information, including dates of travel and location:

Once you’ve hit Search Cars , you’ll be taken to the results page:

You can choose from a variety of filters, including the rental car company you’ll be booking, what type of car you prefer, and the cancellation policy of your booking. After picking the car you’d like to reserve, you’ll have the chance to review your booking:

If everything is correct, you’ll hit Reserve , which will take you to the checkout page where you can enter driver information and your method of payment:

As with hotels and flights, you can apply your Capital One miles to your rental car booking at a rate of 1 cent each. Again, there are better ways to use your miles, which we’ll discuss below.

Hot Tip: Check out our handy guide on how to save money on car rentals , including options with points, upgrades, cash savings, and more!

How Do the Prices Compare to Other Sites?

Is it actually worth it to book through Capital One Travel rather than other sites? How do the prices compare? Let’s take a look.

Here’s a flight from Los Angeles (LAX) to London (LHR) in mid-May 2022:

Interestingly, Capital One Travel notes that this isn’t the best time to book. The cheapest options available are $715, and they’re all nonstop. However, Google Flights comes back with very different results:

Not only does Google suggest that prices are currently low, but it also returns an option that is nearly $200 less than what Capital One Travel is offering . A closer look reveals that although Capital One Travel has the outbound leg available of this cheap flight for $736 roundtrip, it doesn’t offer the same returns. Here’s what’s available from Google:

Meanwhile, here are the options you can get on Capital One:

Bottom Line: While Capital One allows you to book flights through its Capital One Travel portal, its prices aren’t always competitive with other offerings. Make sure to check a few other websites for flights to ensure you’re getting the best deal.

So how do hotels on Capital One fare when compared to other booking options? This is especially pertinent as Capital One has its own price guarantee.

Here’s a night at the all-inclusive Secrets the Vine Cancun in early June from Hotels.com :

Booking with Hotels.com will earn you 1 stamp towards a free night stay . After 10 stamps you’ll get a free night, which can be especially valuable when booking costly stays.

And here are the results from Priceline , an online travel agency:

Bookings with both Priceline and Hotels.com can also be stacked with shopping portals . Using Rakuten with Priceline, for example, will earn you 5% back on your booking; this can either come in the form of $25.35 or 2,535 American Express Membership Rewards .

Booking Directly

Here’s how much it costs when booking directly with the hotel:

Secrets the Vine Cancun is a member of AMR Resorts , which was recently purchased by Hyatt. Although you can’t earn or redeem points with the property until later in 2022, Hyatt is offering a promotion for its cardholders for many new all-inclusive properties, including this one. Now through May 15, 2022, eligible cardholders will receive 10 points per $1 spent at these hotels.

This means that booking and paying with your The World of Hyatt Credit Card will earn you 5,070 World of Hyatt points. We value World of Hyatt points at 1.5 cents each, which means you’ll be getting $76.05 worth of points back on this booking.

Capital One Travel

Finally, here’s the rate within Capital One Travel:

With the 3 other sites we compared charging $507, Capital One Travel is a few dollars cheaper. But saving $15 doesn’t match the benefits other options are providing, like Hotels.com’s $200 resort credit.

There is, however, one case where booking via Capital One Travel is your best option. First, you won’t want to use Capital One Travel unless you don’t care about elite status — as we’ve mentioned above — so boutique properties can be a good option to book .

Second, as we mentioned above, those who hold the Capital One Venture X card earn 10 miles per $1 spent on hotels booked through Capital One Travel. In this situation, you’d earn 4,915 Capital One miles on your booking. We value Capital One miles at 1.8 cents each, which means you’ll earn $88.47 worth of miles . All in, you’ll net $403.53, which wins out compared to most other options.

How good are rental car prices compared across multiple sites? The results are less exciting. Here’s what a 5-day rental from Los Angeles looks like at Capital One Travel:

RentalCars.com offers nearly the same price:

AutoSlash, meanwhile, saves you a full $65 on the cheapest rental car:

Bottom Line: The Capital One Venture X card offers 10 miles per $1 on rental cars booked through Capital One Travel and it comes with some nice car rental insurance coverage too.

Of course, redeeming your miles through Capital One Travel is just one way that they can be used. There is a multitude of uses for those miles.

Transfer to Travel Partners

Nearly always, the best use of your Capital One miles comes from transferring to hotel and airline partners. Capital One has many transfer partners from which to choose:

Hot Tip: Check out our guide on the best ways to redeem Capital One miles for max value .

Cover Travel Purchases

Just as when using your miles at Capital One Travel, Capital One will allow you to redeem your miles for recent travel purchases at a rate of 1 cent each .

Redeem for Cash-back

You can redeem your Capital One miles for cash-back, but this is a terrible use of miles. Capital One will only give you 0.5 cents of value per mile when redeeming to cash.

Get Gift Cards

There are a variety of gift cards available using your Capital One miles, but these still aren’t a great redemption. Your value will vary — and can even be as high as 1 cent per mile , but transferring to other partners will still give you better value.

Shop With Amazon

You can use your miles on a linked Capital One card, which will give you a value of 0.8 cents per mile .

Pay With PayPal

Paying with your Capital One miles through PayPal will net you 1 cent per mile , just the same as redeeming your miles within Capital One Travel.

Bottom Line: You can redeem your Capital One miles in a variety of ways, but only transferring them to hotel and airline partners will grant you more than 1 cent per mile in value.

Capital One Travel is robust — and can be a good option for eligible cardholders who aren’t concerned about elite status. However, you’ll find better value for your miles when transferring to one of Capital One’s many travel partners. Regardless, you can find good deals within the travel portal, and the best price guarantee, combined with price drop protection, can make this portal tempting for many travelers.

The information regarding the Capital One Venture X Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. The information regarding the Capital One Venture X Business Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. The information regarding The World of Hyatt Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Information regarding the Capital One Spark Miles for Business was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Frequently Asked Questions

How do i book travel with capital one.

You can go to Capital One Travel to book travel with Capital One.

What airline can I use my Capital One miles on?

Capital One miles can be used with virtually any airline, whether you’re booking through Capital One Travel or booking directly with the airline.

How do I see my trips on Capital One?

After logging in to Capital One Travel , you’ll find your trips in the My Trips section in the upper left-hand corner of the page.

Can you book Southwest through Capital One Travel?

Unfortunately, you cannot book Southwest flights through Capital One Travel . You can, however, book flights directly with Southwest and pay with your Capital One card. You can then redeem miles against your purchase within 90 days via Purchase Eraser.

Does Capital One use Expedia?

No, Capital One uses a proprietary blend of search tools for its Capital One Travel portal.

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About Carissa Rawson

Carissa served in the U.S. Air Force where she developed her love for travel and new cultures. She started her own blog and eventually joined The Points Guy. Since then, she’s contributed to Business Insider, Forbes, and more.

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Why Capital One Travel should be your only stop for booking (and enjoying) your next trip

No matter how often you travel or how savvy you are, planning and booking any trip can be an overwhelming task. Throw in two kids under 5 years old (like I have), and it's almost inevitable that you'll overlook something. So I'm always looking for the most efficient way to arrange my travel, including which card and program will offer me the most value.

That's where Capital One Travel comes in. It is more than just a booking platform; it has all the tools I need to help me travel smarter — which is why it's the first place I go when it's time to plan a trip.

See how Capital One Travel can transform your booking and travel experience.

In fact, Capital One Travel delivers value at all stages of travel — from the initial planning phase to the booking process to the travel experience and even back home, where all of the rewards you've earned can jumpstart your next trip. Sure, you can purchase flights, reserve rental cars and book your accommodations through Capital One Travel. But it also tells you if you're getting a good price on your flight, and if not, you can set up alerts for when it's time to book.

If you have a Capital One Venture X Rewards Credit Card , you get unlimited access to Capital One Lounges. Plus, there's a new culinary-focused airport concept — Capital One Landing — coming to Ronald Reagan Washington National Airport (DCA) and New York City's LaGuardia Airport (LGA) in partnership with legendary Chef José Andrés. And the recently-announced Premier Collection will offer luxurious accommodations and value-added benefits for Venture X cardholders.

In short, Capital One Travel makes it easy to be a smarter traveler while earning valuable rewards.

Keep reading to see everything you can enjoy with Capital One Travel .

Experience a better way to book travel

Does Capital One Travel finally answer the question, "When's the best time to book airfare?" Each situation is unique, but one thing's for sure: Capital One Travel makes sure you have all the information you need to feel confident both before and after booking your flight.

With its proprietary price prediction technology, Capital One Travel shows you a color-coded calendar as soon as you search for a flight, allowing you to see which dates have the lowest prices to fly to your desired destination. If prices are still high, there's no need to constantly monitor them yourself — you can create price alerts that'll notify you when it's time to book.

And it gets even better thanks to Capital One Travel's price drop protection , another tool automatically available to cardholders at no extra cost.

The premise is simple yet so valuable. If Capital One Travel recommends that you book a flight (or a price alert tells you to book), it will keep watching your itinerary for 10 days after booking. If the price drops during that time, Capital One Travel will automatically issue a credit for the price difference — up to $50 per ticket.

These features — price alerts and price drop protection — aren't found with any other card issuer's travel portal.

When it comes to hotels, you can trust that you're getting the best price as well. Capital One Travel utilizes proactive price matching with online travel agencies like Expedia. However, if you still somehow find a better price at the same hotel within 24 hours of booking, Capital One Travel will match the better price. This even extends to flights and car rentals.

But giving cardholders these unique, innovative insights and tools is just part of what makes Capital One Travel so valuable.

Earn extra rewards on travel

Cardholders can look forward to earning up to 10 miles per dollar when booking travel with Capital One Travel (depending on which card they hold). Capital One Venture X cardholders earn 10 miles per dollar on hotels and rental cars and 5 miles per dollar on flights. All other Capital One rewards cardholders — including the Venture, Savor, Quicksilver, Spark Business and Student product suites — earn 5 miles (or 5% cash back) per dollar on hotels and rental cars.

Once you've earned those valuable rewards, you can redeem them directly through Capital One Travel for future trips, or you can transfer them to one of over a dozen airline and hotel partners . Alternatively, Venture X and Venture cardholders can choose to cover recent travel purchases by redeeming their miles at a rate of 1 cent per mile. Even when I pay for my trip with Venture X, I could use the miles that I earned through Capital One Travel to then offset all (or part) of my travel purchases.

And then, during your trip, you can look forward to starting your vacation early — by kicking back and relaxing at a Capital One Lounge.

Start your vacation off right with special lounge access

There's no need to wait until you land at your destination for your vacation to begin. Venture X cardholders get unlimited complimentary access (plus two guests) to over 1,300 airport lounges worldwide, including Capital One Lounges and the Partner Lounge Network. Meanwhile, Venture cardholders receive two complimentary visits per year to Capital One Lounges or 100+ Plaza Premium lounge locations .

A Capital One Lounge is now open at Dallas Fort Worth International Airport (DFW), and two more locations are coming soon to Denver International Airport (DEN) and Washington, D.C.'s Dulles International Airport (IAD).

And these aren't just your run-of-the-mill airport lounges.

Boasting a contemporary, light and airy layout, a Capital One Lounge features a premium dining experience, including health-conscious food options that are plated small bites served via dining stations rather than buffet-style. All food is freshly prepared with a focus on locally sourced ingredients — including vegetarian, vegan and gluten-free options.

For travelers in a hurry, there's a whole section of grab-and-go items — including artisanal nut mixes, fresh fruits, juice shots and rotating warm selections like breakfast sandwiches in the mornings or fresh-from-the-oven cookies in the afternoons. These sustainably-packaged selections are perfect for those without long layovers who still want some terrific food while traveling.

If you can spend some time in the lounge, you'll enjoy a fully stocked bar with craft cocktails on tap, local beers and hand-selected wines. A full-service coffee and espresso bar featuring La Colombe cold brew on tap appeals to even the most discerning coffee aficionados, while a custom, six-tap system of artisanal sodas and flavored waters keeps all members of the family happy.

Beyond these extensive food and beverage offerings, travelers can also take advantage of relaxation rooms, Peloton bikes, nursing rooms and showers where they can freshen up before (or after) a long flight.

Related: 5 distinctive amenities in the Capital One Lounge that impressed me the most

But that's not all.

Last month, Capital One announced a new offering as it continues to rethink the airport experience. Capital One Landings , a new chef-driven concept, will focus on bringing an elevated dining experience to the heart of the terminal. In partnership with the award-winning José Andrés Group, Capital One Landings will offer top-notch food for travelers on their way to the gate. The first locations will debut in Terminal B at LGA and at DCA in the near future.

And while you may never want to leave the comfort of the Capital One Lounge (or Landing), the luxury travel benefits continue upon arrival at your destination.

Elevate your hotel stay with the Premier Collection

In addition to Capital One Landings, the issuer continues to raise the bar for what travelers can expect with its Premier Collection of hotels and resorts, offering cardholders premium benefits with every stay. Capital One hand-picked these properties for their unparalleled service, immersive culture and authentic character — all to deliver exceptional experiences to travelers.

The Premier Collection will be available to Venture X cardholders later this year and will include hotels from all over the world — from city stays to villas and private island retreats. Cardholders will enjoy benefits like a $100 experience credit, daily breakfast for two, complimentary Wi-Fi and more. Venture X cardholders will also earn 10 miles per dollar spent on Premier Collection properties booked through Capital One Travel .

Bottom line

The Capital One Travel ecosystem continues to grow. With top-notch credit cards, an outstanding booking experience, luxurious lounges, new airport dining options and premium hotel perks, Capital One deserves a place at the top of every traveler's mind.

You can book your flights with confidence thanks to price alerts and the color-coded calendar. And you'll get a price match guarantee on all bookings — all while earning Capital One rewards to use on future travel.

The Capital One Lounge iat DFW will be joined by two more locations in 2023 (IAD and DEN), and as a complement, the issuer will debut its culinary-focused airport experience — Capital One Landing — at LGA and DCA to provide fresh, unique and inventive food and drinks for travelers in the heart of the terminal.

Plus Venture X cardholders have even more to look forward to with the Premier Collection, Capital One's curated set of luxury hotels and resorts.

So what are you waiting for? Join the many Americans (and TPG staffers ) who are using Capital One Travel to elevate their trips — and unlock incredible value along the way.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

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Credit Cards

A complete guide to the Capital One travel portal

Carissa Rawson

Allie Johnson

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Robin Saks Frankel

Published 5:50 a.m. UTC Jan. 16, 2024

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You may know Capital One as a company that offers credit cards, car loans and bank accounts, but they also have a travel portal that allows you to book flights, hotels, rental cars and luxury vacations. For eligible Capital One cardholders, booking through the Capital One travel portal can be an excellent way to earn and redeem Capital One miles. Let’s take a look at the Capital One travel portal, how it works and who has access to its perks.

The Capital One travel portal is accessible to cardholders of more than 15 different Capital One cards.
Eligible cards will earn extra rewards on their Capital One travel bookings.
Features of the Capital One travel portal include price drop protection and price matching.
Capital One miles can be earned and redeemed through the Capital One travel portal.

How to book travel through the Capital One travel portal

Booking travel through the Capital One travel portal is simple. To do so, simply navigate to the Capital One travel portal website . Then log in to your Capital One account.

Once logged in, you’ll be directed to the site’s home page.

From there, you can search for flights, hotels and rental cars for any travel you have planned. Just enter your search parameters, such as travel dates and destination, to get a list of booking options.

Your search results will vary depending on what type of travel you want to book. For example, if you’re searching for a hotel, Capital One will bring up a dynamic map and a list of properties that match your filters.

Once you’ve perused available options, you can make a selection that suits your needs. You’ll then go through the checkout process, which includes filling in your personal details and payment information. Note that you’ll need to use your eligible Capital One card to pay.

Who can use the portal?

The Capital One travel portal is accessible to those with an eligible Capital One credit card. These include:

Capital One Venture Rewards Credit Card * The information for the Capital One Venture Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Capital One Venture X Rewards Credit Card * The information for the Capital One Venture X Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Capital One QuicksilverOne Cash Rewards Credit Card * The information for the Capital One QuicksilverOne Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Capital One Savor Cash Rewards Credit Card * The information for the Capital One Savor Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Capital One SavorOne Student Cash Rewards Credit Card * The information for the Capital One SavorOne Student Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Capital One Spark 2X Miles * The information for the Capital One Spark 2X Miles has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Capital One Venture X Business Card * The information for the Capital One Venture X Business Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

You’ll want to be aware that not all Capital One cards provide access to the travel portal. For example, the Capital One Platinum Credit Card * The information for the Capital One Platinum Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. , which is designed to help build credit, does not offer this feature.

Is the portal worth using?

There are a few factors to consider when deciding whether or not to use the Capital One travel portal for a booking.

First, depending on which Capital One card you hold, you may be able to earn big rewards by booking your travel through the portal. For example, the Capital One Venture X earns 2 miles per $1 on purchases, 5 miles per $1 on flights booked through Capital One Travel and on purchases through Capital One Entertainment and 10 miles per $1 on hotels and rental cars booked via Capital One Travel.

Capital One miles can be redeemed in a variety of ways, but are worth one cent each toward travel, which means you’re effectively getting 10% back on eligible bookings.

That being said, many hotel and rental car companies limit the benefits you’ll receive if you choose to book through a third party (such as the travel portal). This can mean you lose out on perks such as bonus points and the benefits of any elite status that you’ve earned. However, this varies by hotel, so you might want to check before you book.

How to maximize your Capital One travel benefits through the portal

Capital One has built a robust portal that provides value to its customers. This is especially true when it comes to booking flights. The flight search function includes a handy calendar of prices to show you at a glance when fares are high.

Capital One has also partnered with the travel app Hopper to give customers free price prediction tools. When searching, the portal will let you know whether you should book or wait for a better price.

Even better, if you book a flight when recommended by Capital One, you’re automatically enrolled in price drop protection for 10 days. If the price goes down during that time frame, you’ll get a refund of up to $50.

You can also choose to set an alert for your flight, which will notify you when the price changes. Finally, if you’re not ready to book but are worried that the price will increase, you can pay a small fee to freeze the cost of your fare so you can return later to book.

Other benefits associated with the Capital One travel portal include access to the Lifestyle Collection and the Premier Collection. If you have an eligible Capital One card, you’ll be able to book specialty hotels with exclusive benefits such as room upgrades, late checkout and experience credits.

Quick guide to Capital One rewards

Different Capital One cards earn different types of rewards. Some cards earn cash back while others earn miles.

Capital One miles can be redeemed in a variety of ways, including transfers to Capital One hotel and airline partners. This is generally the most valuable method of redeeming miles, but you can also redeem them for statement credits against travel purchases that you’ve made. While this isn’t typically the best way to redeem Capital One rewards, it can be useful if there are no reward options available for the dates you want to travel.

Finally, Capital One miles can also be used for bookings within the Capital One travel portal. You’ll be able to redeem them at a rate of one cent each — but you’d be better off using your card to pay, then redeeming miles against your purchase. This allows you to earn rewards on your booking before wiping away the charges.

Other ways to redeem miles include gift cards, entertainment and cash, but you’ll want to be wary of doing so as you won’t get as much value from your rewards this way as you would with travel redemptions.

Frequently asked questions (FAQs)

The Capital One travel portal works with many different airlines, including Delta Air Lines, United Airlines, American Airlines, Alaska Airlines, Frontier Airlines, Spirit Airlines and JetBlue.

However, you won’t see flights from Southwest Airlines on the Capital One travel portal. Instead, you’ll want to search directly with the airline to find these tickets.

Capital One miles don’t expire as long as you have an eligible Capital One credit card open. If you plan to close a Capital One credit card account, make sure to use or transfer any accumulated miles first.

Unlike hotels and rental cars, airlines generally don’t penalize those who book through a third party. This means you’ll be able to enter your loyalty program number and earn rewards on flights booked through the Capital One travel portal.

Many of the best credit cards on the market offer a statement credit (up to $100) that will reimburse you for the cost of TSA PreCheck or Global Entry, two popular trusted traveler programs that can help you speed through the airport. This includes Capital One cards such as the Capital One Venture X rewards credit card and the Capital One Venture Rewards credit card.

Making a booking through the Capital One travel portal doesn’t automatically entitle you to entry into airport lounges. However, certain Capital One credit cards offer this as a benefit. For example, those who have the Capital One Venture X rewards credit card or the Capital One Venture X Rewards Business card receive a complimentary Priority Pass Select membership (enrollment required) and unlimited access to Capital One lounges for themselves and two guests.

*The information for the Capital One Platinum Credit Card, Capital One QuicksilverOne Cash Rewards Credit Card, Capital One Savor Cash Rewards Credit Card, Capital One SavorOne Student Cash Rewards Credit Card, Capital One Spark 2X Miles, Capital One Venture Rewards Credit Card, Capital One Venture X Business Card and Capital One Venture X Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Carissa Rawson is a credit cards and award travel expert with nearly a decade of experience. You can find her work in a variety of publications, including Forbes Advisor, Business Insider, The Points Guy, Investopedia, and more. When she's not writing or editing, you can find her in your nearest airport lounge sipping a coffee before her next flight.

Allie is a journalist with a passion for money tips and advice. She's been writing about personal finance since the Great Recession for online publications such as Bankrate, CreditCards.com, MyWalletJoy and ValuePenguin. She's also written personal finance content for Discover, First Horizon Bank, The Hartford, Travelers and Synovus.

Robin Saks Frankel is a credit cards lead editor at USA TODAY Blueprint. Previously, she was a credit cards and personal finance deputy editor for Forbes Advisor. She has also covered credit cards and related content for other national web publications including NerdWallet, Bankrate and HerMoney. She's been featured as a personal finance expert in outlets including CNBC, Business Insider, CBS Marketplace, NASDAQ's Trade Talks and has appeared on or contributed to The New York Times, Fox News, CBS Radio, ABC Radio, NPR, International Business Times and NBC, ABC and CBS TV affiliates nationwide. She holds an M.S. in Business and Economics Journalism from Boston University. Follow her on Twitter at @robinsaks.

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Global Entry renewal: A how-to guide

April 18, 2024 | 4 min read

If you’ve ever traveled abroad, you may be familiar with the Global Entry Program. It’s a Trusted Traveler Program (TTP) designed to get international travelers through airport customs checkpoints faster when they reenter the U.S.

Learn how to renew your Global Entry membership before it expires, how long renewal lasts and more.

Key takeaways

Global Entry is a TTP administered by the U.S. Customs and Border Protection (CBP).
Membership in Global Entry lasts for five years; renewal extends it for another five years.
You can renew your membership starting one year before it expires.
Capital One Venture and Venture X cardholders can receive up to a $100 statement credit toward their Global Entry renewal.*

Earn 75,000 bonus miles

Redeem your miles for flights, vacation rentals and more. Terms apply.

What is Global Entry?

Global Entry is a TTP run by CBP. The program is designed to help expedite airport customs screening for travelers reentering the U.S. after traveling abroad.

Benefits of Global Entry include helping members reduce wait times at security checkpoints and navigate airports more easily .

Global Entry membership is open to U.S. citizens, legal permanent U.S. residents, Mexican nationals, citizens of certain other countries and more. It’s available at dozens of airports in the U.S. and abroad.

Global Entry renewal requirements

Here are things to know about renewing your Global Entry membership.

You can renew your membership starting one year before it expires. And if you submit a renewal application before your membership expires, you can use the program’s benefits for up to 24 months after the expiration date.
You’ll need to submit a renewal application. You can complete your Global Entry renewal application and pay your renewal fee on the U.S. Department of Homeland Security (DHS) website.
You may need to attend an in-person interview. An interview may be required once your renewal has been conditionally approved. But since this interview isn’t always necessary, be sure to check your account periodically for updates on next steps.

How to renew Global Entry

Here are specifics on the Global Entry renewal process.

1. Fill out the Global Entry renewal application

You can fill out your renewal application on the DHS website. Here are the steps:

Sign in to your account on the TTP portal. If you don’t already have an account, you’ll be directed to create one.
Select the option for Global Entry renewal and follow the prompts.
Submit your renewal application.

2. Pay the Global Entry renewal fee

Once you’ve submitted your renewal application on the TTP portal, simply follow the prompts to pay your application fee.

When it comes to paying the renewal fee, there’s good news: Some travel credit card issuers reimburse cardholders for the fee. In fact, Capital One reimburses Venture and Venture X cardholders up to $100 for Global Entry fees every four years.

3. Complete your Global Entry renewal interview, if required

When you first apply for membership, you’ll typically be required to attend an in-person Global Entry interview with a U.S. Customs and Border Patrol officer. But an interview isn’t always required for renewal.

If you’re asked to attend a renewal interview, you can schedule it at a Global Entry enrollment center or at a major airport to coincide with your travel plans.

Global Entry renewal FAQ

Here are commonly asked questions about renewing Global Entry membership.

Can I renew my Global Entry pass online?

Yes. You can fill out your renewal application on the DHS website’s TTP portal.

How long after Global Entry expires can you renew?

You can typically renew Global Entry starting one year before your membership expiration date. If you complete a renewal application before your membership expires, you can continue using Global Entry benefits for up to 24 months.

Does Global Entry renewal require an interview?

Not always. But if you’re asked to attend an interview, you can schedule it at a Global Entry enrollment center. A program known as Enrollment on Arrival also allows you to schedule your interview at a major airport to coincide with your travel plans.

Global Entry renewal in a nutshell

Global Entry is one of several U.S. government TTPs. Its goal is to help travelers get through customs screening faster when they land in U.S. airports after traveling abroad.

Capital One Venture and Venture X cardholders can receive up to a $100 statement credit toward their application fee or renewal fee every four years.

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What the Wells Fargo Autograph Journey Visa Card offers

How other travel cards compare to the wells fargo autograph journey℠ visa® card, 3 key benefits cardholders get from the autograph journey , move over, chase sapphire preferred. this new travel credit card is turning heads.

Wells Fargo's newest card has one key advantage over the gold standard in travel cards.

Holly Johnson

Contributor

Holly Johnson is a credit card expert and writer who covers rewards and loyalty programs, budgeting, and all things personal finance. In addition to writing for publications like Bankrate, CreditCards.com, Forbes Advisor and Investopedia, Johnson owns Club Thrifty and is the co-author of "Zero Down Your Debt: Reclaim Your Income and Build a Life You'll Love."

Tiffany Connors

Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate about helping people make the best money decisions for themselves and their families. She graduated from Bowling Green State University with a bachelor's degree in journalism and has been a writer and editor for publications including the New York Post, Women's Running magazine and Soap Opera Digest. When she isn't working, you can find her enjoying life in St. Petersburg, Florida, with her husband, daughter and a very needy dog.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

The Wells Fargo Autograph Journey℠ Visa® Card * -- Wells Fargo’s latest and best travel card -- recently launched with an impressive set of features. Its competitive rewards, welcome bonus and redemption options take aim at incumbent travel credit cards from Chase, American Express and Capital One.

What gives Wells Fargo’s first foray into the point-transfer space an edge is that you don’t have to book travel in a portal to earn the highest rewards rates.

Here’s why we think the Wells Fargo Autograph Journey could go toe-to-toe with some of the best travel credit cards, plus three insider tips to help you decide if you should add it to your credit card lineup.

Here’s a quick overview of what you can expect with the Autograph Journey:

Earn 60,000 welcome bonus rewards points after spending $4,000 in purchases within three months of account opening.
Earn unlimited 5x points on hotels, 4x points on airlines, 3x points on other travel and dining and 1x on other purchases.
Receive an annual statement credit with a $50 minimum airline purchase.
No foreign transaction fees.
Other benefits include trip cancellation and interruption insurance, lost luggage reimbursement, roadside dispatch and cell phone insurance.
$95 annual fee.

Wells Fargo Autograph Journey℠ Card

Chase Sapphire Preferred® Card

Capital One Venture Rewards Credit Card

Here’s a rundown of four facts we discovered about the Autograph Journey that you should know when deciding whether to apply.

1. You can transfer points with Wells Fargo point-based cards

The launch of the Autograph Journey also marks the first transferable points program from Wells Fargo, which joins other card issuers like Chase and Capital One, which have their own pooling programs .

Autograph Journey will be able to do a points transfer with the no-annual-fee Wells Fargo Autograph℠ Card . This is especially notable since the Wells Fargo Autograph℠ Card offers bonus rewards in different categories than the Autograph Journey.

For example, the Autograph card earns unlimited 3x points on restaurants, travel, gas stations, transit, popular streaming services and phone plans, plus 1x points on other purchases. So you can maximize your point earning across different categories, then transfer your points to your Autograph Journey account to access premium travel redemptions.

2. It offers more options for earning bonus miles on travel than some competitors

The Autograph Journey will offer more flexibility than many travel rewards cards when it comes to earning more points on travel purchases. For example, cardholders earn unlimited 5x points on hotels booked directly with hotel brands and 4x points on airfare booked with airlines.

This helps the card stand out from other popular travel credit cards that offer the most bonus points only if you book travel through their portals. For example, the Capital One Venture Rewards Credit Card * and the Capital One Venture X Rewards Credit Card * only offer the highest bonus rewards on travel booked through Capital One Travel. The Chase Sapphire Preferred® Card also offers its highest rate of 5x points on travel booked through Chase Travel℠, whereas other travel purchases earn 2x points.

Autograph Journey cardholders also earn a minimum of 3x points on other travel purchases, which could include rental cars, cruises and travel booked through online travel agencies like Expedia and Priceline.

3. The card may grow in value as more transfer partners join

The Autograph Journey Card will earn flexible travel rewards points that transfer to a selection of airline and hotel partners, similar to Amex Membership Rewards points or Chase Ultimate Rewards . While the list of transfer partners is limited, Wells Fargo stated in its initial press release that “more partners will continue to be added throughout the year.”

Points transfers could dramatically change the value proposition of the Autograph Journey, especially if new partners include domestic airlines and popular hotel loyalty programs.

Wells Fargo point transfers will be available to new cardholders starting on April 4. For now, Wells Fargo transfer partners include the following:

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Find the best credit card for you

5 best credit cards that offer pre-approval or pre-qualification in 2024, pre-approval doesn't guarantee approval, but it can help you avoid an unnecessary hard pull on your credit..

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

When you apply for a credit card, the issuer performs what is known as a hard pull or hard inquiry , which shows up on your credit report. Hard pulls temporarily lower your credit score, which isn't the end of the world, but it's better to avoid racking up unnecessary hard inquiries since they can remain on your credit report for up to two years. One way to do this is by going through a card issuer's pre-approval or pre-qualification process before applying.

Getting a pre-approved offer for a credit card doesn't guarantee you'll be approved, but it can give you a better idea of your approval odds with no hard inquiry. There is no impact to your credit score until you formally apply.

Not every card issuer offers pre-approvals. Below, CNBC Select details the top credit cards that generally offer pre-approval or pre-qualification and how they work. (See our methodology for more information on how we made this list.)

Best credit cards for pre-approval

Best for no annual fee: Wells Fargo Active Cash® Card
Best for balance transfers: Citi Double Cash® Card
Best for travel rewards: American Express® Gold Card
Best for cash-back: Discover it® Cash Back
Best for premium perks: Capital One Venture X Rewards Credit Card (see rates & fees )

Best for no annual fee

Wells fargo active cash® card.

Unlimited 2% cash rewards on purchases

Welcome bonus

Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months

0% intro APR for 15 months from account opening on purchases and qualifying balance transfers; balance transfers made within 120 days qualify for the intro rate

Regular APR

20.24%, 25.24%, or 29.99% Variable APR on purchases and balance transfers

Balance transfer fee

3% intro for 120 days from account opening then BT fee of up to 5%, min: $5

Foreign transaction fee

Credit needed.

Excellent/Good

See rates and fees , terms apply.

Unlimited cash rewards
$200 cash rewards welcome bonus
No annual fee
Introductory APR period for first 15 months
Access to Visa Signature® Concierge
Get up to $600 cell phone protection (subject to a $25 deductible)
3% fee charged on foreign transactions

Who's this for? The Wells Fargo Active Cash® Card (see rates and fees ) is a jack of all trades, with an easy-to-earn welcome bonus , generous intro-APR offer and a lucrative flat-rate rewards structure — all for no annual fee .

Standout benefits: This card earns unlimited 2% cash rewards on every purchase. This simple cash-reward rate takes the headaches out of maximizing the return you get on your credit card spending.

Wells Fargo pre-approval process: Fill out this Wells Fargo pre-qualification form with your name, address and the last four digits of your Social Security Number (SSN). If you have a Wells Fargo online account, you can log in to expedite the process.

[ Jump to more details ]

Best for balance transfers

Citi double cash® card.

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

0% for the first 18 months on balance transfers; N/A for purchases

19.24% - 29.24% variable

For balance transfers completed within 4 months of account opening, an intro balance transfer fee of 3% of each transfer ($5 minimum) applies; after that, a balance transfer fee of 5% of each transfer ($5 minimum) applies

Fair/Good/Excellent

Read our Citi Double Cash® Card review.

2% cash back on all eligible purchases
Simple cash-back program that doesn't require activation or spending caps
One of the longest intro periods for balance transfers at 18 months
3% fee charged on purchases made outside the U.S.
Estimated rewards earned after 1 year: $443
Estimated rewards earned after 5 years: $2,213

Who's this for? The Citi Double Cash® Card is ideal for those seeking a strong introductory APR offer for balance transfers and still want to earn valuable rewards.

Standout benefits: Eligible balance transfers qualify for an intro 0% APR for the first 18 months, then a variable 19.24% to 29.24% APR applies. There is an intro balance transfer fee of 3% of each transfer completed in the first four months ($5 minimum). The standard balance transfer fee of 5% of each transfer ($5 minimum) applies thereafter.

Citi pre-approval process: See what Citi credit card offers you're pre-qualified for with this form . Enter your name, email, address and the last four digits of your SSN.

Best for travel rewards

American express® gold card.

4X Membership Rewards® points at Restaurants (plus takeout and delivery in the U.S.) and at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases

Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

Not applicable

See Pay Over Time APR

Read our American Express® Gold Card review .

Up to $120 dining credit annually ($10 a month) for purchases made with Grubhub, Goldbelly and other eligible restaurants (after a one-time enrollment)
Up to $120 Uber Cash annually ($10 a month) for U.S. Uber Eats orders and U.S. Uber rides (card must be added to Uber app to receive the Uber Cash benefit)
Strong rewards program with 4X points earned at restaurants and 3X points earned on flights booked directly with airlines or amextravel.com
Baggage insurance plan covers up to $1,250 for carry-on baggage and up to $500 for checked baggage that is damaged, lost or stolen
No fee charged on purchases made outside the U.S.
No introductory APR period
$250 annual fee
Estimated rewards earned after 1 year: $1,074
Estimated rewards earned after 5 years: $2,969

Rewards totals incorporate the points earned from the welcome bonus

Who's this for? The American Express® Gold Card is great for earning travel rewards thanks to its generous bonuses on common spending categories like dining and groceries.

Standout benefits: Cardholders get up to $120 in annual dining credit (up to $10 per month at Grubhub , Goldbelly, The Cheesecake Factory and other participating restaurants; enrollment is required) and up to $120 in Uber Cash ($10 per month) to put toward rides in the U.S. and dining via Uber Eats (you must add your Amex Gold Card as a payment method in the Uber app to enroll).

American Express pre-approval process: See what American Express card offers you may be eligible for by filling out this form with your name, address, last four digits of your SSN and your annual income. If you already have an Amex account, you may need to open the form in incognito mode or clear your browser's cache to access the page.

Best for cash-back

Discover it® cash back.

Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases-automatically.

Discover will match all the cash back earned for all new cardmembers at the end of your first year.

0% for 15 months on purchases

17.24% to 28.24% Variable

3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Good / Excellent

* See rates and fees , terms apply.

Read our Discover it® Cash Back review.

Cash-back program
Generous welcome bonus
Cash-back categories must be activated each quarter
Cash-back program limits earnings: Enroll every quarter to earn 5% cash back in various categories on up to $1,500 in quarterly purchases, then 1%

Who's this for? The Discover it® Cash Back is a relatively easy-to-get cash-back card with no annual fee and useful rotating bonus categories .

Standout benefits: This card has a unique welcome offer that can supercharge your cash-back earnings. Discover will match the cash back new cardholders earn in the first year. So, purchases that qualify for 5% cash back would effectively earn 10% back in your first year. Plus, the card has no foreign transaction fees.

Discover pre-approval process: Fill out this Discover credit card pre-approval form with your name, address, date of birth, housing payment, student status and gross income to see what offers you're eligible for. If you don't qualify for an unsecured card, you may want to consider a secured credit card such as the Discover it® Secured Card which doesn't require a credit score.

Best for premium perks

Capital one venture x rewards credit card.

Unlimited 2X miles on all eligible purchases, and 5 Miles per dollar on flights and 10 Miles per dollar on hotels and rental cars when booked via Capital One Travel portal

Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening

19.99% - 29.99% variable APR

$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you

Foreign transaction fees

Read our Capital One Venture X Rewards Credit Card review.

Large welcome bonus
No foreign transaction fees
Up to $100 statement credits for either Global Entry or TSA PreCheck®
Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
High annual fee
No introductory 0% APR period

Who's this for? The Capital One Venture X Rewards Credit Card is geared towards those seeking luxury benefits like airport lounge access, annual travel credits, various travel and shopping protections and more.

Standout benefits: Every year, Capital One Venture X Card members receive up to $300 in travel credits for bookings made through Capital One Travel and 10,000-anniversary bonus miles (worth $100 in travel). Those two benefits alone can offset the card's $395 annual fee (see rates and fees ).

Capital One pre-approval process: You can see what Capital One cards you're pre-approved for by filling out this form . You'll need to enter your name, address, email address, phone number, employment status, education, income, housing payment, date of birth, SSN and what type of bank accounts you have.

More on our top credit cards that offer pre-approval or pre-qualification

The Wells Fargo Active Cash® Card is a no annual fee card that can help you earn cash rewards, while enjoying various money-saving benefits.

Unlimited 2% cash rewards on all purchases

Earn $200 in cash rewards after spending $500 in purchases in the first three months of account opening.

Notable perks

Cardholders can take advantage of cell phone insurance when they pay their monthly bill with the card. This insurance covers damage, theft and loss of a cell phone and has a $25 deductible. You can be reimbursed for up to two claims per 12 months and up to $600 per claim.

Cardholders can also save on interest with the card's intro-APR offer. Purchases and eligible balance transfers qualify for an intro 0% APR for 15 months. then a variable 20.24%, 25.24% or 29.99% applies. To qualify for the intro APR, balance transfers must be completed within 120 days of opening the account. There is an intro balance transfer fee , and for the first 120 days you'll pay 3% of the amount of each transfer ($5 minimum). After the intro period, the balance transfer fee increases to 5% of the amount of each transfer ($5 minimum).

[ Return to card summary ]

The Citi Double Cash® Card is a cash-back credit card , but it earns cash back in the form of Citi ThankYou points , which which can be redeemed in lots of ways, including the option to transfer them to travel partners.

5% total cash back on Citi travel bookings (through Dec. 31, 2024)
2% cash back on all purchases: 1% back when you buy and 1% back as you pay

Earn a $200 cash bonus after spending $1,500 on purchases in the first six months of account opening.

The ThankYou® points can be redeemed for cash back, gift cards and travel at a rate of one cent per point. Cardholders also have access to a small number of Citi's travel partners, including Wyndham, Choice and JetBlue. If you have a Citi card that enables full transfers, such as the Citi Premier® Card , you can combine the points you earn with your Double Cash and then transfer those points to all of Citi's partner hotel and airline loyalty programs.

There are also several special cardmember programs, including Citi Entertainment℠, which gives cardholders first access to purchase tickets for thousands of concerts and events. The card also provides access to Citi® Identity Theft Solutions, a service that will help you if you're a victim of identity theft.

The American Express® Gold Card is a travel rewards card with a long list of benefits that can easily make the annual fee worth paying (see rates and fees ). Plus, the Amex Membership Rewards points you earn with this card are some of the most valuable travel points out there since they can be transferred to a variety of airline or hotel partners.

4X points at restaurants (plus takeout and delivery in the U.S.)
4X points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X)
3X points on flights booked directly with airlines or on Amextravel.com
1X points on all other purchases

Earn 60,000 points after you spend $6,000 on eligible purchases within the first six months of card membership.

$250 (see rates and fees )

Cardholders receive up to $120 in dining credit per year ($10 per month) at participating partners and up to $120 in Uber Cash per year ($10 per month) after you add your Amex Gold Card as a payment method in the Uber app. The card also offers no foreign transaction fees (see rates and fees ), baggage insurance, rental car coverage (secondary), extended warranty, purchase protection and trip delay insurance .

Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply.

Please visit americanexpress.com/benefitsguide for more details.

Underwritten by New Hampshire Insurance Company, an AIG Company.

The Discover it® Cash Back is a no-annual-fee cash-back rewards card that allows you to earn a generous 5% back on rotating spending categories.

5% cash back on the first $1,500 in purchases in rotating categories each quarter (when you activate), then 1% cash back. Check out Discover's 5% cash-back calendar .
1% cash back on all other purchases

Discover will match the cash back you earn at the end of the first year.

New card members receive an intro 0% APR for 15 months on purchases and eligible balance transfers, then a variable 17.24% to 28.24% applies. An intro balance transfer fee of 3% of the amount you transfer applies to eligible transfers. The standard transfer fee on future balance transfers is up to 5% of the amount of each transfer. (See rates and fees )

The card charges $0 in foreign transaction fees , which can save you money when traveling abroad.

The Capital One Venture X Rewards Credit Card (see rates and fees ) is a premium credit card with a straightforward rewards structure, a long list of benefits and a lower annual fee than other high-end cards with similar features.

10X miles per dollar on hotels and rental cars booked through Capital One Travel portal
5X miles per dollar on flights booked through Capital One Travel
5X miles on Capital One Entertainment purchases (through Dec. 31, 2025)
2X miles on all other purchases

Earn 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening.

In addition to the annual $300 Capital One Travel credit and 10,000 anniversary bonus miles, the Capital One Venture X Card comes with airport lounge access for the primary cardholder and authorized users. One great feature of this card is that you can add up to four authorized users for free and each cardholder gets access to Priority Pass lounges, Plaza Premium Lounges and Capital One Lounges .

Other benefits include:

Hertz Presidents Circle status (enrollment required)
Global Entry/TSA PreCheck® application fee credit (worth up to $100)
Cell phone protection
Visa Infinite Concierge
Rental car collision damage waiver (primary)
Trip cancellation and interruption coverage
Trip delay reimbursement
Lost luggage reimbursement
Extended warranty protection
Return protection
Purchase security

What's the difference between a pre-approval and a pre-qualification?

The terms pre-approval and pre-qualification both refer to the card issuers' pre-screening process that can help you determine whether you'll qualify for a credit card without a hard pull on your credit reports. Prequalified offers are typically initiated by consumers who want to check their approval odds, while preapproved offers are generally unsolicited offers from card issuers.

Does pre-approval or pre-qualification result in a hard credit pull?

Most credit card pre-approvals do not result in a hard pull of your credit. Some issuers require a Social Security Number (SSN) or the last four digits of your SSN to process a pre-approval, but this is generally done to verify your identity and shouldn't result in a credit check unless otherwise stated.

Does pre-approval guarantee approval?

If you qualify for a pre-approved credit card or receive a pre-screened offer in the mail, that does not guarantee you'll be approved. Your credit score, income and history with the card issuers are all taken into account, but won't be fully reviewed unless you submit a traditional card application.

Bottom line

Getting a pre-approved, pre-qualified or pre-screened credit card offer doesn't guarantee you'll get approved for the card if you apply. However, seeing whether you're pre-approved for a card offer is easy and typically doesn't require a hard credit pull. So it doesn't hurt to explore what offers you may qualify for.

Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here .

Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products . While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best business credit cards for LLCs.

Our methodology

To determine which business cards offer the best value and pre-approval, CNBC Select analyzed the most popular credit cards available to U.S. consumers that also had a publicly available pre-approval or pre-qualification process at the time of writing. We compared each card on a range of features, including the annual fee, employee card fee, rewards, welcome bonus, introductory and standard APR and foreign transaction fees. We also considered additional perks, the application process and how easy it is to redeem points.

Catch up on CNBC Select's in-depth coverage of credit cards , banking and money , and follow us on TikTok , Facebook , Instagram and Twitter to stay up to date.

For rates and fees of the American Express® Gold Card, click here .

For rates and fees of the Discover it® Cash Back, click here .

For rates and fees of the Wells Fargo Active Cash® Card, click here .

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Travel to Phnom Penh: Where to stay, what to do and eat in the capital of Cambodia

Just one and a half hours away by flight from Singapore is the Pearl of Asia, Phnom Penh. Moving past its military governance and French influence, the capital of Cambodia is shaping up to be a must-visit destination boasting a vibrant blend of history and modernity.

While it may not be home to a Unesco World Heritage Site like the Angkor Wat, it sits at the confluence of three prominent rivers, Mekong, Tonle Sap, and Tonle Bassac, all of which make up the Mekong River system, affectionately known as the Mother of Waters. With such significance, coupled with friendly locals, don't skip over the capital city on your next trip to Cambodia.

Whether planning an easy weekend getaway or seeking a deep dive into Cambodia's rich culture and heritage, here's what to see, do, and eat in Phnom Penh, Cambodia.

How to get around?

Once you leave the airport, you will notice the swarm of motorcycles and tuk-tuks plying the streets. While these are the most common forms of transportation, taxis, car hires, and public buses are also viable options. Your Grab app works here, so whip out your phones and book a ride in a car, a tuk-tuk, or a remork (a larger version of a tuk-tuk).

Besides on-demand services, you can also rent a car or tuk-tuk for up to eight hours, paying approximately S$30 for a tuk-tuk and S$66 for a car. All prices are reflected in Cambodian Riel on the app.

Our journey from the airport to the city centre was mostly smooth sailing, with slow-moving traffic in some areas. Although the roads are wide, expect jams during peak hours when the roads are packed with thousands of motorcycles weaving through traffic.

While walking can be an excellent way to explore the city, it's worth noting that pavements are sometimes non-existent. You'll have to stay alert and enjoy the thrill of walking alongside the busy traffic. Unlike Singapore, there are fewer traffic lights, so pay extra attention when crossing the streets.

We found drivers responding to our hands-up signal; make sure to cross from a visible spot and walk swiftly and decisively. Motorbikes and tuk-tuks will do their best to swerve around you, so don't get startled and keep to your pace.

Where to stay?

Rosewood Phnom Penh Mekong Suite. PHOTO: Rosewood Phnom Penh

For a well-deserved weekend getaway, it’s worth the splurge to put up at Rosewood Phnom Penh . Occupying the top 14 floors of Vattanac Capital Tower, one of the tallest buildings in the city, Rosewood Phnom Penh boasts panoramic views of the city and the legendary Mekong River.

And with its east-side facing, you'll even get one of the best sunrise views from the comfort of your room. The 175-room hotel embraces local culture within its sophisticated, residential-style rooms, which feature plush furnishings, floor-to-ceiling windows, and intelligent controls.

A little detail we enjoyed was the books on the table; they are engaging books, not coffee table books, that you will actually read. As part of the evening wind-down service, the hotel's staff tidies the room and draws the curtains, creating a cosy atmosphere to sleep.

They'll even prepare a bottle of water — glass, not plastic — and leave little bedside treats. We can't decide which we loved better — waking up to sweeping views of the river or winding down to the twinkling city lights in the bathtub (with no worries of peeping toms!)

The centrally located hotel is just minutes away from the Royal Palace by tuk-tuk and is within walking distance of the Central Market and the riverside. Book the hotel’s chic remork for a city tour, or immerse yourself in local art at the art gallery on the 35th floor.

Enhance your getaway with a dip in the hotel’s indoor lap pool or catch up on fitness at the gym (with a view). Better yet, head to Sense Spa for a relaxing blend of Khmer remedies and modern techniques.

But if you are looking for funky hostel vibes, then the Mad Monkey Phnom Penh , located within the BKK1 district, is the place for you. Connect with fellow backpackers from all over the world at their Beer Garden or join one of their walking tours and pub crawls.

What to do?

Visit cultural and historical sites.

Wat Phnom is a historical site and Buddhist temple that gave Phnom Penh its name. Legend has it that Lady Penh discovered four statues of Buddha hidden in a tree trunk that was washed up to the front of her house. She built this temple (Wat in Khmer) on top of a hill (Phnom in Khmer) to honour the Buddhas.

As a Buddhist country, this carried so much significance that the city, named after Lady Penh, became the capital of the country. Explore the grandeur of the architecture, with its colourful story murals and intricately carved statues, and immerse in the history of Phnom Penh.

Other cultural sites include the Royal Palace , which boasts a life-sized Buddha, and the National Museum of Cambodia , which houses the most extensive collection of Khmer cultural artefacts. And if you’re in the mood for some deep reflection, make a trip to the Tuol Sleng Genocide Museum to learn about the city’s tragic past.

Note: Ladies are required to cover their shoulders and legs when visiting the cultural attractions in Phnom Penh. T-shirts and sarongs are available for sale on-site.

Shop at the markets

A great way to go local is to visit the markets. The New Central Market, known to the locals as Phsar Thmei, is an Art Deco-inspired version of a traditional market. A dome sits at the centre, with the rest of the stalls organised into four areas.

Popular with both locals and tourists, you can buy everything from fresh seafood to handicrafts, from homeware to jewellery and watches. For more artisanal woodcraft and silk products, the Russian Market, Phsar Toul Tom Poung, is the place to go.

A favourite among the young locals is the Night Market, also known as Phsar Reatrey, for its wide variety of clothes, accessories and food stalls. Soak in the riverside vibes and enjoy live performances on the weekends.

Go on an art tour

Go hunting for street art murals at Street 240. Weave through the laid-back bohemian streets filled with trendy shops, eateries, and bars.

Or book a tour that’ll take you to the lesser-known areas for underground street art. Rosewood Phnom Penh guests can contact the concierge for an intimate guided tour by emerging Cambodian street artists who’ll take you to the city’s most instagrammable street art locations and hidden gems.

Explore the bars and nightlife

While the city may not be known for its bars (yet), its flourishing cocktail culture hints at a vibrant nightlife experience waiting to be discovered.

As day turns to night, scale to Sora Bar, situated on the 37th floor of Vattanac Capital Mall, for the best rooftop bar experience in Phnom Penh. Its cantilevered terrace overlooks the city, with a sweeping view of the Mekong River. Read our review of Sora Bar here.

With rows and rows of bars and eateries, Bassac Street is the city’s hotspot for after-dark bar hopping. Kick back at a dive bar or soak in the energy at live entertainment bars. As you traverse the alleys, keep your eyes peeled for quirky little bars like the Victorian-styled White Rabbit for its bespoke cocktails.

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For a taste of locally distilled spirits, visit the Samai Distillery on Thursdays as the distillery transforms into a bar serving Samai rum-based cocktails.

Local flavours come into play with the Samai Kampot Pepper Rum; try it in the Pepper-Vanilla Old Fashioned or the Basil Beauty. Gin lovers will love the smoothness of Mawsim Gin, infused with local fruits, herbs and spices like peppercorns, cardamom, and more. Enjoy gin-based cocktails at Mawsim Distillery and Bar by reservation only.

What to eat?

One of the best ways to enjoy Khmer cuisine is to feast on street food. Look for the cluster of stalls in the markets or along the riverside and slurp up some Nom banh chok or Khmer noodles. It might remind you of Vietnamese Pho, except it comes in a fish-based gravy made with lemongrass, kaffir lime, and turmeric root.

The typical breakfast fare, Bai sach chrouk, is a grilled pork and rice dish that you can easily find anywhere. The most popular Cambodian dish, Fish Amok, which looks similar to otak, is a fish mousse made with coconut milk and Khmer curry wrapped in a banana leaf.

For accessible Khmer flavours, Eleven One Kitchen — a 99 per cent plastic-free restaurant — offers a menu of Cambodian dishes with Western techniques. Besides the Fish Amok Burger (US$6.25 (S$8.50)), don’t miss the Stir-fried Beef Curry (USD$5.50) and Kampot Shrimp and Crispy Noodle Salad (US$5.75).

For authentic home-cooked dishes, make your way to Banteay Srey for Morning Glory Stir Fried With Beef And Red Ants (US$4) and crowd-favourite Grilled Chicken with Cashew Nuts (US$6.75).

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Splurge at Brasserie Louis at Rosewood Phnom Penh for French and Cambodian flavours. Choose from their extensive a la carte menu or indulge in a bottomless Sunday Brunch (US$70) with fresh seafood, live pastry stations, and classic French and Cambodian favourites prepared à-la-minute.

ALSO READ: Discover your dream itinerary: Inspired by Anthony Bourdain's finest culinary journeys in No Reservations

This article was first published in City Nomads .

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Now Arriving at an Airport Lounge Near You: Peloton Bikes, Nap Pods and Caviar Service

In recent months, a handful of exclusive credit card lounges have opened in airports in the United States. More are coming this year.

The interior of a two-story airport lounge with chairs and tables, colorful wall art and brightly lit bar.

By Christine Chung

A handful of new lounges opened by credit card issuers, including Capital One and American Express, have recently landed in airports across the United States, promising posh spots of refuge for select travelers awaiting their flights. At La Guardia Airport, caviar service will be available for pre-order. At Hartsfield-Jackson Atlanta International Airport, travelers can get complimentary massages, and at Denver International Airport, there are nap pods. In addition to amenities, the new lounges provide an ambience reminiscent of a luxury hotel lobby, both in interior design and scale, and fit several hundred people at a time.

“Lounges have certainly gotten busier, so we’ve expanded our footprint,” said Audrey Hendley, president of American Express Travel, which in February opened its largest Centurion lounge, at 26,000 square feet at Hartsfield-Jackson , bringing its total number of lounges in the United States to 14.

Broadly, there are three types of airport lounges available to travelers: airline operated; shared-use spaces that aren’t limited to one airline or frequent flier status (think Priority Pass); and credit card lounges. Many are operated in partnership with lounge development companies.

For more than a decade, American Express was the only credit card issuer with lounges in the United States. That changed last year, when Chase Sapphire and Capital One each opened locations at major airports across the country, with plans to unveil a handful more in the coming years.

The proliferation is driven in part by changing demographics and travel patterns of fliers today. This year may set a record for the number of air travelers, with an estimated 4.7 billion people expected to fly globally. According to a survey published last May by the polling firm Morning Consult, younger travelers are more inclined than older generations to book travel with credit card loyalty programs, and those in the Gen Z age group, in particular, have signaled a declining loyalty to airline frequent flier programs.

While credit card companies saw opportunities to expand their brand awareness with lounges, the facilities also provide additional benefits to card members who pay hundreds of dollars in annual membership fees. Card fees range from $395 a year for a Capital One Venture X to $695 for an American Express Platinum.

Here are the latest highlights of new credit card lounges from around the country.

Chase Sapphire Lounge by The Club

Domestic locations: John F. Kennedy Airport’s Terminal 4, La Guardia Airport’s Terminal B, Boston Logan International Airport by Gate B40.

Forthcoming locations: San Diego International Airport, Phoenix Sky Harbor International Airport, Harry Reid International Airport in Las Vegas and Philadelphia International Airport.

Who can use: Travelers with the Chase Sapphire Reserve, J.P. Morgan Reserve or Ritz-Carlton credit cards who have activated their Priority Pass memberships. Those without these cards but who have Priority Pass can enter once a year. Chase Sapphire Reserve and J.P. Morgan Reserve cardholders can bring up to two guests per visit for free, and additional guests cost $27. Those with the Ritz-Carlton card can bring unlimited guests at no extra cost.

What’s on offer: Locally made draft beers and coffee, menus designed by local restaurants, private bathrooms with showers and, at La Guardia Airport’s 16,200-square-foot space spanning two floors, three suites with caviar service that can be reserved up to 72 hours before a flight ($2,200 to book).

American Express Centurion

Domestic locations: Hartsfield-Jackson Atlanta International Airport, Charlotte Douglas International Airport, Dallas-Fort Worth International Airport, Denver International Airport, George Bush Intercontinental Airport in Houston, Los Angeles International Airport, Harry Reid International Airport, Miami International Airport, Kennedy Airport, La Guardia Airport, Philadelphia Airport, Phoenix Sky Harbor Airport, San Francisco International Airport, Seattle-Tacoma International Airport.

Forthcoming locations: Reagan National Airport later this year, Newark Liberty International Airport in 2026.

Who can use: Eligible American Express cardholders, and those with Delta’s SkyMiles Reserve Card or Reserve Business Card; details vary based on the card. Complimentary guest access depends on credit card use; American Express Platinum and Business Platinum Card Members who spend $75,000 or more a year can bring up to two guests in free per visit.

What’s on offer: A whiskey bar, phone booths and work stations, wellness rooms, food by local celebrity chefs, complimentary massages, game rooms and wine tastings

Capital One

Domestic locations: Dallas-Fort Worth Airport’s Terminal D, Denver Airport’s Concourse A, Dulles International Airport’s Main Terminal.

Forthcoming locations: Harry Reid International Airport.

Welcomed travelers: Venture X and Venture X Business cardholders, who can bring up to two guests per visit. Additional guests cost $45. All other travelers can pay $65 per visit to enter.

What’s on offer: A fitness room with Peloton bikes, nap pods, shower suites, small plate dining options and grab-and-go food, luggage lockers, coffee bars.

Follow New York Times Travel on Instagram and sign up for our weekly Travel Dispatch newsletter to get expert tips on traveling smarter and inspiration for your next vacation. Dreaming up a future getaway or just armchair traveling? Check out our 52 Places to Go in 2024 .

Christine Chung is a Times reporter covering airlines and consumer travel. More about Christine Chung

Open Up Your World

Considering a trip, or just some armchair traveling here are some ideas..

52 Places: Why do we travel? For food, culture, adventure, natural beauty? Our 2024 list has all those elements, and more .

Mumbai: Spend 36 hours in this fast-changing Indian city by exploring ancient caves, catching a concert in a former textile mill and feasting on mangoes.

Kyoto: The Japanese city’s dry gardens offer spots for quiet contemplation in an increasingly overtouristed destination.

Iceland: The country markets itself as a destination to see the northern lights. But they can be elusive, as one writer recently found .

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Putin taunts the West by traveling to within 55 miles of the US

Posted: January 10, 2024 | Last updated: April 3, 2024

President Vladimir Putin has arrived for his first-ever presidential visit to Chukotka in Russia 's Far East - just 55 miles from the US state of Alaska . Putin arrived in Anadyr, the local capital of the Chukotka region this morning after flying from Moscow some nine time zones away. Chukotka is the easternmost region of Russia, with a maritime border on the Bering Strait with Alaska.

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2024 Federal Budget analysis

On April 16, 2024, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented the government’s budget. The budget:

increases the capital gains inclusion rate from 1/2 to 2/3, effective June 25, 2024 (up to $250,000 of annual gains for individuals will continue to benefit from the 1/2 inclusion rate)
raises the lifetime capital gains exemption to $1.25 million and introduces a new 1/3 inclusion rate for up to $2 million of certain capital gains realized by entrepreneurs
confirms previously announced alternative minimum tax proposals effective January 1, 2024, but softens the impact of these proposals on charitable donations
provides design and implementation details for the clean electricity investment tax credit
introduces accelerated capital cost allowance (CCA) for, and relief from interest deductibility limitations for debt incurred to fund the construction of, certain purpose-built rental housing
provides immediate expensing for the cost of certain patents and computer equipment and software
gives the Canada Revenue Agency (CRA) additional information gathering powers

This Tax Insights discusses these and other tax initiatives proposed in the budget.

Tax measures

Capital gains inclusion rate.

Lifetime Capital Gains Exemption

Canadian Entrepreneurs’ Incentive

Alternative Minimum Tax

Employee Ownership Trust Tax Exemption

Volunteer firefighters tax credit and search and rescue volunteers tax credit, mineral exploration tax credit for flow-through share investors.

Canada Child Benefit

Disability Supports Deduction

Charities and qualified donees.

Home Buyers’ Plan

Qualified Investments for Registered Plans

Deduction for tradespeople’s travel expenses, indigenous child and family services settlement, clean electricity investment tax credit, ev supply chain investment tax credit, clean technology manufacturing investment tax credit.

Accelerated Capital Cost Allowance

Interest Deductions and Purpose-Built Rental Housing

Taxing vacant lands to incentivize construction, confronting the financialization of housing, halal mortgages, non-compliance with information requests, synthetic equity arrangements, mutual fund corporations, canada carbon rebate for small business, avoidance of tax debts, reportable and notifiable transactions penalty, manipulation of bankrupt status.

Scientific Research and Experimental Development

International

Crypto-asset reporting, withholding for non-resident service providers, international tax reform.

Extending GST Relief to Student Residences

GST/HST on Face Masks and Face Shields

Previously announced, personal tax measures.

The budget proposes to increase the capital gains inclusion rate from 1/2 to:

2/3 for dispositions after June 24, 2024 for corporations and trusts, and
2/3 for the portion of capital gains realized after June 24, 2024 in excess of an annual $250,000 threshold for individuals

The $250,000 annual threshold would apply to capital gains realized by an individual, either directly or indirectly via a partnership or trust, net of:

current year capital losses
capital losses of other years applied to reduce current year capital gains, and
capital gains in respect of which the Lifetime Capital Gains Exemption (LCGE), the proposed Employee Ownership Trust Exemption or the proposed Canadian Entrepreneurs’ Incentive is claimed

As a result, the following rates will apply to capital gains earned by individuals in excess of the $250,000 threshold who are subject to the top marginal income tax rate (i.e. on taxable income exceeding: $355,845 in Alberta, $252,752 in British Columbia, $1,103,478 in Newfoundland and Labrador, $500,000 in the Yukon and $246,752 in all other jurisdictions).

The budget also proposes to decrease the stock option deduction to 1/3 to align with the new capital gains inclusion rate. Individuals would continue to benefit from a deduction of 1/2 of the taxable benefit up to a combined $250,000 for both employee stock options and capital gains.

The inclusion rate for net capital losses carried forward and applied against capital gains will be adjusted to reflect the inclusion rate of the capital gains being offset.

Transitional rules will apply to taxation years that begin before June 25, 2024 and end after June 24, 2024 such that capital gains realized before June 25, 2024 would be subject to the 1/2 inclusion rate and capital gains realized after June 24, 2024 (net of any losses) would be subject to a 2/3 inclusion rate. The $250,000 threshold will not be prorated for individuals in 2024 and will apply only against capital gains incurred after June 24, 2024.

Additional details will be provided in the coming months.

Earning capital gains through a Canadian-controlled private corporation (CCPC)

In most jurisdictions, the increase in the capital gains inclusion rate makes it less attractive for individuals to earn capital gains in excess of $250,000 through a CCPC instead of directly. The Appendix shows the resulting income tax deferral (prepayment) and the tax cost for an individual who realizes capital gains in excess of $250,000 and pays tax at the top tax rate.

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Lifetime Capital Gains Exemption (LCGE)

The budget proposes to increase the LCGE on eligible capital gains from $1,016,836 to $1,250,000 for dispositions that occur after June 24, 2024. The indexing of the LCGE to inflation will resume in 2026.

The budget introduces the Canadian Entrepreneurs’ Incentive, which will reduce the taxes on capital gains from the disposition of shares by eligible individuals which meet the following conditions:

at the time of the sale the share was a share of a small business corporation owned directly by an individual
used principally in an active business carried on primarily in Canada by the CCPC or a related corporation
certain shares or debts of connected corporations, or
a combination of these assets
the individual was a founding investor and the individual held the share for a period of five years prior to the disposition
at all times since the share subscription until the time immediately before the sale, the individual directly owned shares with a fair market value (FMV) of more than 10% of the FMV of all of the issued and outstanding shares of the corporation and shares entitling the individual to more than 10% of the votes
throughout the five year period before the disposition the individual was actively engaged in a regular, continuous and substantial basis in the activities of the business
the share does not represent a direct or indirect interest in a professional corporation, a corporation whose principal asset is the reputation or skill of one or more employees, or a corporation that carries on certain types of businesses including a business operating in the financial, insurance, real estate, food and accommodation, arts, recreation, or entertainment sector, or providing consulting or personal care services
the share must have been obtained for fair market value consideration

The incentive would provide a capital gains inclusion rate of one half of the prevailing inclusion rate on up to $2 million in capital gains per individual during their lifetime. The $2 million limit will be phased in over 10 years by increments of $200,000 per year reaching $2 million by January 1, 2034.

Applying the proposed 2/3 inclusion rate would result in an inclusion rate of 1/3 for qualifying dispositions. This will apply in addition to the LCGE.

This measure would apply to dispositions that occur after December 31, 2024.

Alternative Minimum Tax (AMT)

The 2023 budget announced amendments to change the calculation of the AMT. Draft legislative proposals were released for consultation in the summer of 2023. (For more information, see our Tax Insights “ Proposed changes to the alternative minimum tax: How will it affect individuals and trusts ”.)

The budget proposes to revise the proposed charitable donation tax credit claim to allow individuals to claim 80% when calculating AMT (as opposed to the previously proposed 50%).

The budget also proposes additional amendments to the AMT proposals including:

allowing deductions for the Guaranteed Income Supplement, social assistance and workers compensation payments
fully exempting employee ownership trusts (EOTs) from the AMT, and
allowing certain disallowed credits under the AMT to be eligible for the AMT carry-forward (i.e. the federal political contribution tax credit, investment tax credits (ITCs), and labour-sponsored funds tax credit)

The amendments would apply to taxation years that begin after December 31, 2023.

The budget also proposes certain technical amendments to the AMT legislative proposals to exempt certain trusts for the benefit of Indigenous groups.

The 2023 budget proposed tax rules to create EOTs. The 2023 Fall Economic Statement proposed to exempt $10 million of capital gains on the sale of a business to an EOT subject to certain conditions.

The budget introduces the conditions for this exemption. The exemption will be available to an individual (other than a trust) on the sale of a business to an EOT where the following conditions are met:

the individual, a personal trust of which the individual is a beneficiary, or a partnership in which the individual is a member, disposes of shares of a corporation that is not a professional corporation
the transaction is a qualifying business transfer (as defined in the proposed rules for EOTs) in which the trust acquiring the shares is not already an EOT or a similar trust with employee beneficiaries
throughout the 24 months immediately prior to the qualifying business transfer, the transferred shares were exclusively owned by the individual claiming the exemption, a related person, or a partnership in which the individual is a member; and over 50% of the FMV of the corporation’s assets were used principally in an active business
at any time prior to the qualifying business transfer, the individual (or their spouse or common-law partner) has been actively engaged in the qualifying business on a regular and continuous basis for a minimum period of 24 months
immediately after the qualifying business transfer, at least 90% of the beneficiaries of the EOT are resident in Canada

Where multiple individuals dispose of shares to an EOT as part of a qualifying transfer and meet the conditions above, they may each claim an exemption, however the total exemption in respect of the sale cannot exceed $10 million. The individuals would have to agree on the allocation of the exemption.

If an EOT has a disqualifying event within 36 months of the transfer, the exemption claim will be retroactively denied. If this occurs more than 36 months after a transfer the EOT will be deemed to realize a capital gain equal to the total exempt capital gains. A disqualifying event would result where an EOT loses its status as an EOT or if less than 50% of the FMV of the qualifying business shares is attributable to assets used principally in an active business at the beginning of two consecutive years of the corporation.

The EOT, any corporation owned by the EOT that acquired the transferred shares, and the individual will need to elect to be jointly and severally, or solitarily liable for any tax payable by the individual as a result of an exemption being denied due to a disqualifying event occurring during the first 36 months.

For the purposes of the AMT calculation the capital gain on the transfer would be subject to an inclusion rate of 30% (consistent with the inclusion rate for capital gains eligible for the LCGE).

An individual’s normal reassessment period as it relates to this exemption is proposed to be extended by an additional three years.

The budget also proposes to expand qualifying business transfers to include the sale of shares to a workers cooperative corporation, provided it meets certain conditions.

These measures will apply to qualifying dispositions of shares that occur between January 1, 2024 through December 31, 2026.

The budget proposes to double the volunteer firefighters tax credit and the search and rescue volunteers tax credit to $6,000 for the 2024 and subsequent taxation years; this increases the maximum annual tax savings to $900.

The budget proposes to extend the eligibility for this credit for an additional year, so that it will apply to flow-through share agreements entered into before April 1, 2025.

Canada Child Benefit (CCB)

A CCB recipient is no longer eligible to claim the CCB in respect of a child in the month following the child’s death. The budget proposes to extend eligibility for the CCB to six months after the child’s death, provided the individual continued to be eligible for the CCB.

The budget proposes to extend the list of expenses recognized for the disability supports deduction.

It also provides that expenses for service animals, as defined under the medical expense tax credit (METC) rules, will be recognized under the disability supports deduction. The individual will choose whether to claim under the METC or the disability supports deduction.

A foreign charity may register as a qualified donee for a 24-month period where it received a gift from His Majesty in right of Canada and it is pursuing certain activities in the national interest of Canada. The budget proposes to extend the eligibility of a foreign charity to be considered a qualified donee from 24 months to 36 months. The foreign charity would also be required to submit an annual information return to the CRA that would be made publicly available. The extension will apply to foreign charities registered after April 16, 2024. The reporting requirements will apply to taxation years beginning after April 16, 2024.

The budget also proposes to simplify the issuance of official donation receipts by removing certain requirements.

Home Buyers’ Plan (HBP)

To help first-time home buyers, the budget proposes to:

increase, from $35,000 to $60,000, the amount that an eligible home buyer can withdraw from their Registered Retirement Savings Plan (RRSP) under the HBP, without subjecting the withdrawal to tax, to buy or build a qualifying home (i.e. a first home or a home for a specified disabled individual), effective for the 2024 and subsequent calendar years, for withdrawals made after April 16, 2024
temporarily extend the repayment grace period by three years, to five years, under the HBP, so that eligible home buyers who withdraw from their RRSP between January 1, 2022 and December 31, 2025 will have up to five years before they need to start repayments to their RRSP

Registered plans (RRSPs, Registered Retirement Income Funds, Tax-Free Savings Accounts, Registered Education Savings Plans, Registered Disability Savings Plans, First Home Savings Accounts, and Deferred Profit Sharing Plans) can invest only in qualified investments for those plans. Qualified investments include mutual funds, publicly traded securities, government and corporate bonds and guaranteed investment certificates. Over the years the qualified investment rules have been expanded to include additional investments for certain plans and to reflect the introduction of new types of plans, but there are inconsistencies and the qualified investment rules are difficult to understand in some cases.

Specific issues are currently under consideration. Stakeholders are invited to submit comments by July 15, 2024 as to how the qualified investment rules can be modernized on a prospective basis to improve the clarity and coherence of the registered plans regime.

Eligible tradespeople and apprentices in the construction industry are currently able to deduct up to $4,000 in eligible travel and relocation expenses per year by claiming the labour mobility deduction for tradespeople. A private member’s bill (Bill C-241) was introduced to enact an alternative deduction for certain travel expenses of tradespeople in the construction industry, with no cap on expenses, retroactive to the 2022 taxation year.

The budget announces that the government will consider bringing forward amendments to the Income Tax Act (ITA) to provide a single, harmonized deduction for tradespeople’s travel that respects the intent of Bill C-241.

The budget proposes to amend the ITA to exclude from taxation the income of the trusts established under the First Nations Child and Family Services, Jordan’s Principle, and Trout Class Settlement Agreement. This will also ensure that payments received by class members as beneficiaries of the trusts will not be included when computing income for federal income tax purposes.

This measure will apply to the 2024 and subsequent taxation years.

Business tax measures

The 2023 budget proposed a refundable ITC for clean electricity, equal to 15% of the capital cost of eligible property. The 2024 budget provides the design and implementation details of the ITC, including the eligibility criteria. It also includes special rules for property that generates electricity from natural gas with carbon capture and property used to transmit electrical energy between provinces or territories, as well as details of the compliance and recovery process.

The ITC will be available only to eligible Canadian corporations, which are defined as:

taxable Canadian corporations and pension investment corporations
provincial and territorial Crown corporations (subject to additional requirements)
corporations owned by municipalities or Indigenous communities

Property eligible for the ITC includes equipment used to generate electricity from:

solar, wind or water energy (certain class 43.1 property, but hydroelectric installations would not be subject to a capacity limit)
concentrated solar energy (as defined for the purposes of the proposed clean technology ITC)
nuclear fission, including heat generating equipment (as defined for the purposes of the proposed clean technology ITC, without the generating capacity limits and other certain requirements of that credit)
geothermal energy, including heat generating equipment, if it is used exclusively for that purpose (excluding equipment that is part of a system that extracts fossil fuel for sale)
specified waste materials, as part of a system

Eligible property also includes equipment that is:

stationary electricity storage equipment and equipment used for pumped hydroelectric energy storage (excluding any that uses a fossil fuel in operation)
part of an eligible natural gas energy system (special rules apply)
used for transmission of electricity between provinces and territories (special rules apply)

Previously proposed labour requirements must be met to qualify for the 15% ITC, otherwise a 5% ITC is available. The ITC will be subject to potential repayment obligations, repayable in proportion to the FMV of the particular property when it has been converted to an ineligible use, exported from Canada, or disposed of.

The ITC will be available for new eligible property (i.e. has not been used for any purposes before its acquisition) that is acquired and becomes available for use after April 15, 2024 and before 2035 in respect of projects that did not begin construction before March 28, 2023.

The budget introduces the EV supply chain ITC, equal to 10% of the cost of buildings used in Canada in the following electric vehicle supply chain segments:

electric vehicle assembly
electric vehicle battery production
cathode active material production

To qualify for the ITC, the taxpayer (or member of a group of related taxpayers) must claim the clean technology manufacturing ITC (CTMITC) in all three of the segments (or must claim the CTMITC in two of the three segments and hold at least a qualifying minority interest in an unrelated corporation that claims the CTMITC in the third segment – the building costs of the unrelated corporation would also qualify for the new ITC).

The ITC is effective for property that is acquired and becomes available for use after December 31, 2023. The ITC will be reduced to 5% for 2033 and 2034 and 0% after 2034. Design and implementation details of the ITC will be provided in the 2024 Fall Economic Statement.

The 2023 budget proposed a clean technology manufacturing ITC, and draft legislative proposals were released in December 2023. The 2024 budget proposes to update the clean technology manufacturing ITC for production of qualifying minerals (such as copper, nickel, cobalt, lithium, graphite and rate earth elements) that occur at polymetallic projects (i.e. projects engaged in the production of multiple minerals) by:

clarifying that the value of qualifying materials will be used as the appropriate output metric when assessing the extent to which property is used (or expected to be used) for qualifying mineral activities producing qualifying materials
modifying eligible expenditures to include investments in eligible property used in qualifying mineral activities that are expected to produce primarily qualifying materials at mine or well sites, including tailing ponds and mills located at these sites (50% or more of the financial value of the output comes from qualifying materials)

A safe harbour rule will apply to the recapture rule for all qualifying mineral activities, to mitigate against the effects of mineral price volatility on the potential recapture of the ITC, the details of which will be provided at a later date.

Accelerated Capital Cost Allowance (CCA)

Purpose-built rental housing.

The budget provides an accelerated CCA of 10% for new eligible purpose-built rental projects that begin construction after April 15, 2024 and before January 1, 2031, and are available for use before January 1, 2036.

Eligible property will be new purpose-built rental housing that is a residential complex:

with at least four private apartment units, or 10 private rooms or suites, and
in which at least 90% of residential units are held for long-term rental

The Accelerated Investment Incentive (AII), which suspends the half-year rule, will continue to apply to eligible property put in use before 2028. The accelerated CCA will not apply to renovations of existing residential complexes, but new additions to an existing structure will be eligible. Projects that convert existing non-residential real estate into a residential complex will be eligible.

Productivity-enhancing assets

The budget provides immediate expensing (i.e. a 100% first-year CCA deduction) for property that is acquired after April 15, 2024 and becomes available for use before January 1, 2027, for the following CCA classes of assets:

class 44 (patents or rights to use patented information for a limited or unlimited period)
class 46 (data network infrastructure equipment and related systems software)
class 50 (general-purpose electronic data-processing equipment and systems software)

The accelerated CCA will be available only for the year in which the property becomes available for use. For a short taxation year, the accelerated CCA must be prorated and will not be available in the following taxation year. Property that becomes available for use after 2026 and before 2028 will continue to benefit from the AII.

Property that has been used (or acquired for use) for any purpose before it is acquired by the taxpayer will be eligible for the accelerated CCA only if both of the following conditions are met:

neither the taxpayer nor a non-arm’s length person previously owned the property, and
the property has not been transferred to the taxpayer on a tax-deferred “rollover” basis

The excessive interest and financing expenses limitation (EIFEL) rules restrict a Canadian taxpayer’s deductions for interest and financing expenses, based upon a percentage of its “tax-EBITDA” (i.e. its taxable income, adjusted for items such as interest expenses, depreciation and amortization). For a discussion of the EIFEL rules, see our Tax Insights “ Bill C-59 ─ Excessive interest and financing expenses limitation (EIFEL) regime .” The EIFEL rules currently include a single sector-specific exemption, for certain interest and financing expenses relating to public-private partnership (P3) infrastructure projects. The budget proposes to extend this election, on an elective basis, for certain interest and financing expenses relating to arm’s length financing that is used to build or acquire certain purpose-built rental housing located in Canada. This exemption will be effective for taxation years beginning after September 30, 2023, consistent with the EIFEL rules more generally. However, this exemption will be available only for expenses incurred before January 1, 2036.

The government is concerned that some landowners are holding residentially zoned vacant land as a speculative investment. The budget announces that the government will consider introducing a new tax on residentially zoned vacant land to spur development. The government will launch consultations later this year.

In March 2024, the government began consultations on how federal policies can better support the needs of all Canadians seeking to become homeowners. The government will provide an update in the 2024 Fall Economic Statement.

The budget announces the government’s intention to restrict the acquisition of existing single-family homes by very large corporate investors. The government will consult in the coming months and provide further details in the 2024 Fall Economic Statement.

The budget announces that the government is exploring new measures to expand access to alternative financing products for home purchasers, such as halal mortgages. These measures could include changes in the tax treatment of these products or a new regulatory regime for financial service providers, while ensuring adequate consumer protections are in place.

The budget proposes several amendments to the CRA’s information gathering provisions in the ITA, with the intent of enhancing the efficiency and effectiveness of tax audits and facilitating the collection of tax revenues on a timelier basis. These changes include:

allowing the CRA to issue a new type of notice, referred to as a “notice of non-compliance” and to levy a monetary penalty
permitting the CRA to specify that any required information (oral or written) or documents be provided under oath or affirmation
imposing a penalty when the CRA obtains a compliance order against a taxpayer, and
extending the stop the clock rules (which suspend the counting of days in the assessment limitation period), so that these rules apply when a taxpayer seeks judicial review of any requirement or notice issued to the taxpayer by the CRA in relation to the audit and enforcement process, and during any period that a notice of non-compliance is outstanding

Analogous amendments are also proposed to other federal tax statutes administered by the CRA. The budget also proposes certain technical amendments to ensure the rules meet their policy objectives.

These amendments would come into force upon royal assent of the enacting legislation.

The ITA allows a corporation to deduct the amount of any dividends received on a share of a corporation resident in Canada, subject to certain limitations.

One of these limitations is an anti-avoidance rule that denies the dividend received deduction in connection with synthetic equity arrangements. Synthetic equity arrangements include arrangements in which a person receives a dividend on a share, but all or substantially all of the risk of loss and opportunity for gain or profit (the “economic exposure”) in respect of the share are provided to another person.

Where a taxpayer enters into a synthetic equity arrangement in respect of a share, the taxpayer is generally obligated to compensate the other person for the amount of any dividends paid on the share. This compensation payment may result in a tax deduction for the taxpayer in addition to the dividend received deduction. Unless the anti-avoidance rule applies to deny the dividend received deduction, a tax loss would generally arise as a result of the two deductions.

The anti-avoidance rule incorporates certain exceptions, including where the taxpayer establishes that no tax-indifferent investor has all or substantially all of the economic exposure in respect of the share. An associated exception is also available for synthetic equity arrangements traded on a derivatives exchange.

The budget proposes to remove the tax-indifferent investor exception (including the exchange traded exception) to the anti-avoidance rule. This measure would prevent taxpayers from claiming the dividend received deduction for dividends received on a share in respect of which there is a synthetic equity arrangement.

This measure would apply to dividends received after December 31, 2024.

A mutual fund is a type of investment vehicle that allows investors to pool their money and invest in a portfolio of investments without purchasing the investments directly. A mutual fund corporation is a mutual fund organized as a corporation that meets certain conditions set out in the ITA.

The ITA includes special rules for mutual fund corporations that facilitate conduit treatment for investors (shareholders). For example, these rules generally allow capital gains realized by a mutual fund corporation to be treated as capital gains realized by its investors. In addition, a mutual fund corporation is not subject to mark-to-market taxation and can elect capital gains treatment on the disposition of Canadian securities.

To qualify as a mutual fund corporation under the ITA, a corporation must satisfy several conditions, including that it must be a “public corporation”. A corporation can meet this condition if a class of its shares is listed on a designated stock exchange in Canada. A corporation that is controlled by a corporate group may satisfy this condition, and qualify as a mutual fund corporation, even though it is not widely held. The government is concerned that this could allow a corporate group to use a mutual fund corporation to benefit from the special rules available to these corporations in an unintended manner.

Although the government believes this planning can be challenged based on existing rules in the ITA, the budget proposes specific amendments to the ITA to preclude a corporation from qualifying as a mutual fund corporation where it is controlled by or for the benefit of a corporate group (including a corporate group that consists of any combination of corporations, individuals, trusts, and partnerships that do not deal with each other at arm’s length). Exceptions would be provided to ensure that the measure does not adversely affect mutual fund corporations that are widely held pooled investment vehicles.

This measure would apply to taxation years that begin after 2024.

The budget introduces the Canada Carbon Rebate for Small Business, to return a portion of the federal backstop pollution pricing fuel charge proceeds collected from a province. This will be an automatic refundable tax credit for CCPCs with less than 500 employees in Canada in the calendar year in which the fuel charge begins. The tax credit in respect of the 2019-20 to 2023-24 fuel charge years will be available to a CCPC that files a tax return for its 2023 taxation year by July 15, 2024 (with similar timelines for future fuel charge years).

The tax credit amount:

is determined for each applicable province in which the eligible corporation had employees in the calendar year in which the fuel charge year begins; and
is equal to the number of persons employed by the eligible corporation in the province in that calendar year multiplied by a payment rate specified by the Minister of Finance for the province for the corresponding fuel charge year

The ITA includes an anti-avoidance rule that is intended to prevent taxpayers from avoiding payment of their tax liabilities by transferring their assets to non-arm’s length persons. The effect of this tax debt avoidance rule is to make the transferee jointly and severally, or solidarily, liable with the transferor for the transferor’s tax debts, to the extent that the value of the property transferred exceeds the amount of consideration given by the transferee for the property.

The ITA contains a number of rules that address various planning techniques employed by taxpayers attempting to circumvent the tax debt avoidance rule, as well as a penalty for those who engage in, participate in, assent to, or acquiesce in planning activity that they know, or would reasonably be expected to know, is tax debt avoidance planning.

The budget includes a new specific measure to address tax debt avoidance planning (although the government believes this planning can also be challenged based on existing rules in the ITA). The measure would apply in the following circumstances:

there has been a transfer of property from a tax debtor to another person
as part of the same transaction or series of transactions, there has been a separate transfer of property from a person other than the tax debtor to a transferee that does not deal at arm’s length with the tax debtor, and
one of the purposes of the transaction or series is to avoid joint and several, or solidary, liability

Where these conditions are met, the property transferred by the tax debtor would be deemed to have been transferred to the transferee for the purposes of the tax debt avoidance rule. This would ensure that the tax debt avoidance rule applies in situations where property has been transferred from a tax debtor to a person and, as part of the same transaction or series, property has been received by a non-arm’s length person. The penalty applicable to those who participate in tax debt avoidance planning would also be extended to this proposed new rule.

In many cases, tax debt avoidance planning is facilitated by a planner who receives a significant fee, which is effectively funded by a portion of the avoided tax debt. The courts have held that a taxpayer who engages in tax debt avoidance planning is normally not jointly and severally, or solidarily, liable for the portion of the tax debt that has effectively been retained by the planner as a fee. The budget proposes that taxpayers who participate in tax debt avoidance planning be jointly and severally, or solidarily, liable for the full amount of the avoided tax debt, including any portion that has effectively been retained by the planner.

Similar amendments would be made to comparable provisions in other federal statutes.

These measures would apply to transactions or series of transactions that occur after April 15, 2024.

The ITA includes a general rule providing that a person who fails to file or make a return or comply with certain specified rules is guilty of an offence, and liable to penalties of up to $25,000 and imprisonment for up to a year. The mandatory disclosure rules in the ITA also include specific penalties that apply in these circumstances, making the application of this general penalty provision unnecessary.

The budget therefore proposes to remove from the scope of the general penalty provision the failure to file an information return in respect of a reportable or notifiable transaction under the mandatory disclosure rules.

This amendment would be deemed to have come into force on June 22, 2023, which is the day the enhanced mandatory disclosure rules received royal assent.

Under the ITA, losses and other tax attributes that arise from expenditures for which a taxpayer did not ultimately bear the cost are generally not recognized. The ITA contains a set of debt forgiveness rules that apply where a commercial debt is settled for less than its principal amount. These rules generally reduce tax attributes by the amount of debt that is forgiven and, where tax attributes have been fully reduced, the rules cause an income inclusion equal to half of the remaining forgiven amount. The ITA also contains a rule that entitles an insolvent corporation to a corresponding deduction to offset all or part of an income inclusion from the debt forgiveness rules.

Bankrupt taxpayers are generally excluded from these debt forgiveness rules. Instead, a separate loss restriction rule applies to extinguish the losses of bankrupt corporations that have received an absolute order of discharge.

The government is concerned that some taxpayers have sought to manipulate the bankrupt status of an insolvent corporation, with a view to benefiting from the exception in the debt forgiveness rules while also avoiding the loss restriction rule applicable to bankrupt corporations. This planning seeks to preserve the losses and other tax attributes of the insolvent corporation (which would otherwise be eliminated upon the forgiveness of its debts), so that these attributes can be acquired and used by a profitable corporation. This planning is the subject of a designated transaction under the notifiable transactions element of the mandatory disclosure rules.

Although the government believes that manipulation of bankrupt status can be challenged based on existing rules in the ITA, the budget proposes a specific legislative measure to address this issue: repealing the exception to the debt forgiveness rules for bankrupt corporations and the loss restriction rule applicable to bankrupt corporations. This change would subject bankrupt corporations to the general rules that apply to other corporations whose commercial debts are forgiven. The bankruptcy exception to the debt forgiveness rules would remain in place for individuals. While bankrupt corporations would be subject to the reduction of their loss carryforward balances and other tax attributes upon debt forgiveness, as insolvent corporations they could qualify for relief from the debt forgiveness income inclusion rule provided under the existing deduction for insolvent corporations.

These proposals would apply to bankruptcy proceedings that are commenced on or after April 16, 2024.

Scientific Research and Experimental Development (SR&ED)

The government launched a consultation on the existing SR&ED tax incentives on January 31, 2024, which closed on April 15, 2024. The budget announces a second phase of consultations, to focus on specific policy parameters, explore how Canadian public companies could become eligible for the enhanced SR&ED ITC and inform how additional funding announced by the budget can support future enhancements to the SR&ED program. Further details of the consultation will be released on the Department of Finance Canada website at a later date.

International tax measures

The Organisation for Economic Co-operation and Development (OECD) has developed a framework for the automatic exchange of tax information relating to transactions in crypto-assets, the Crypto-Asset Reporting Framework (CARF). The budget proposes to implement the CARF in Canada. The new reporting rules will apply to crypto-asset service providers that are resident in Canada, or carry on business in Canada, and that provide services effectuating exchange transactions in crypto-assets. These service providers will need to report certain information regarding their customers and crypto-asset transactions. The budget also includes proposed amendments to the Canadian rules implementing the OECD’s Common Reporting Standard, including changes relating to electronic money products and central bank digital currencies. These measures will apply to 2026 and subsequent calendar years.

A person who makes a payment to a non-resident for services rendered in Canada is currently required to withhold 15% of the payment and remit that amount to the CRA. This is intended to serve as a prepayment of tax that the non-resident may ultimately owe in Canada. Certain non-residents do not owe Canadian tax for these services, e.g. due to exemptions in tax treaties, or exemptions for specific activities like international shipping. In these circumstances, the CRA may provide an advance waiver from the withholding obligation for specific transactions, or the non-residents may apply for refunds of amounts that have already been withheld. The budget proposes to give the CRA legislative authority to grant single waivers that cover multiple transactions occurring over a specific time period, where certain conditions are satisfied. This measure will take effect upon royal assent of the enacting legislation.

The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting has developed a two-pillar plan to reform the international tax system, as part of the “BEPS 2.0” initiative. On October 8, 2021, Canada and 135 other countries in the Inclusive Framework committed to adopt this plan (for a discussion on that commitment, see our Tax Insights “ The new international tax framework and Canada’s digital services tax ”). The budget provides an update on the two pillars of this international tax reform initiative.

Pillar One will introduce new rules for allocating taxing rights between countries to address challenges raised by the digital economy. These rules will generally apply to multinational enterprises (MNEs) with annual revenue above €20 billion and profit margins above 10%. The right to tax a portion of these MNEs’ profits will be reallocated to market countries (i.e. the countries where the MNEs’ users and customers are located).

The budget reaffirms Canada’s commitment to bringing Pillar One into effect as soon as a critical mass of countries is willing to participate. In the meantime, Canada is moving ahead with its plan to enact the Digital Services Tax (DST). Implementing legislation for the DST is currently before Parliament in Bill C-59. The DST will take effect beginning in calendar year 2024, with the first year covering taxable revenues earned since January 1, 2022. (For a discussion of the DST, see our Tax Insights “ Digital Services Tax: One step closer to becoming a reality .”)

Pillar Two will introduce a 15% global minimum tax. This tax will generally apply to MNEs with global revenues of at least €750 million. These MNEs will be required to compute their effective tax rate (ETR) in each country where they operate. If the ETR for a particular country is below 15%, a top-up tax will be imposed, to raise that ETR to 15% (this top-up tax may be reduced by a substance-based income exclusion, which is computed based on the payroll costs and net book value of tangible assets located in the jurisdiction). Draft legislative proposals for a Global Minimum Tax Act to implement the Pillar Two regime in Canada were released for public comment in August 2023 (for a discussion of those proposals, see our Tax Insights “ Canada releases draft Global Minimum Tax Act ”). The budget states that Canada is moving forward with this implementing legislation and intends to introduce it in Parliament soon.

Sales tax measures

Extending goods and services tax (gst) relief to student residences.

On September 14, 2023, the government announced that it would temporarily remove the GST from new purpose-built rental housing projects (i.e. apartment buildings, student housing and senior residences built specifically for long-term rental accommodation) by implementing an Enhanced (100%) GST Rental Rebate for new qualifying purpose-built rental housing projects (for more information, see our Tax Insights “ Enhanced GST rental rebate for rental apartments that begin construction after September 13, 2023 ").

To ensure that universities, public colleges and school authorities can also claim the Enhanced (100%) GST Rental Rebate for student residences that are built for short-term use, the budget proposes to amend the Excise Tax Act to allow them to apply the normal GST/Harmonized sales tax (HST) rules that apply to other builders (i.e. paying GST/HST on the final value of the building) in respect of new student housing projects.

The budget also proposes to relax the rebate conditions so that universities, public colleges and school authorities that operate on a not-for-profit basis (i.e. those that would currently qualify for the Public Service Body rebates under the GST/HST) can claim the 100% rebate in respect of any new student residence that they acquire or construct provided it is primarily for the purpose of providing a place of residence for their students.

The proposed measures would apply to student residences that begin construction after September 13, 2023 and before 2031, and that complete construction before 2036.

The budget proposes to repeal the temporary zero rating of certain face masks or respirators and certain face shields under the GST/HST for supplies made after April 30, 2024.

Previously Announced Measures

The budget confirms that the government will proceed with the following previously announced measures, as modified to take into account consultations, deliberations and legislative developments since their announcement or release:

legislative proposals released on December 20, 2023, which include measures relating to the clean hydrogen ITC, the clean technology manufacturing ITC, concessional loans and short-term rentals
legislative and regulatory proposals announced in the 2023 Fall Economic Statement, which include measures relating to the Canadian journalism labour tax credit, the expansion of eligibility for the clean technology and clean electricity ITC, the GST/HST joint venture election rules and the Underused Housing Tax
legislative and regulatory amendments to implement the Enhanced (100%) GST Rental Rebate for purpose-built rental housing announced on September 14, 2023
the carbon capture, utilization and storage and the clean technology ITCs and labour requirements related to certain “clean economy” ITCs
enhancing the reduced tax rates for zero-emission technology manufacturers
flow-through shares and the critical mineral exploration tax credit – lithium from brines
Retirement Compensation Arrangements
strengthening the Intergenerational Business Transfer framework
the income tax and GST/HST treatment of credit unions
a tax on repurchases of equity
modernizing the General Anti-Avoidance Rule
global minimum tax and DST
technical amendments to GST/HST rules for financial institutions
providing relief in relation to the GST/HST treatment of payment card clearing services
extending the quarterly duty remittance option to all licensed cannabis producers
revised Luxury Tax draft regulations to provide greater clarity on the tax treatment of luxury items
technical tax amendments to the ITA and the Income Tax Regulations
legislative amendments to implement changes discussed in the transfer pricing consultation paper released on June 6, 2023
tax measures announced in the 2023 budget, including the dividend received deduction by financial institutions
substantive CCPCs
technical amendments to the ITA and Income Tax Regulations
legislative amendments to implement the hybrid mismatch arrangements rules announced in the 2021 budget

The budget also reaffirms the government’s commitment to move forward, as required, with technical amendments to improve the certainty and integrity of the tax system.

Integration – Capital gains ($)

(taxation year ended December 31, 2024, and $10,000 of capital gains earned after June 24, 2024)

This table shows:

the income tax deferral (prepayment) if capital gains in excess of $250,000 are earned and retained in a corporation as opposed to being earned directly by an individual
the tax (cost) if the after-tax corporate income is paid out as a dividend to the shareholder in 2024

The table assumes:

the individual is in the top marginal tax rate
no capital gains deductions are available
the non-taxable portion of the capital gain is distributed as a tax-free capital dividend
the taxable dividend paid is sufficient to generate a full refund of refundable tax

Download a PDF

Tax Insights: 2024 Federal budget ─ Supporting housing, raising taxes

Dean Landry

National Tax Leader, PwC Canada

Tel: +1 416 815 5090

© 2018 - 2024 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

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