Redeeming Capital One Rewards. To use rewards points, log on to your Capital One account and go to the rewards page. Your accumulated points and cash value will be displayed. Follow the prompts to redeem points. You can receive cash back, purchase gift cards or donate money to charitable organizations.Is Capital One visa or MasterCard?
No, Capital One is not a Mastercard. Capital One is a bank that issues credit cards on both the Mastercard and Visa card networks. These networks dictate where your plastic will work and what secondary benefits (e.g. rental car insurance) it provides. But Capital One does issue credit cards on the Mastercard network.