Capital One Offers: Earn 19,300 miles when spending $100+ with Faire

There’s an interesting Capital One Offers deal for Faire at the moment which provides the opportunity to buy transferable miles on the cheap. If you can actually make use of the product(s) that you’d buy, this becomes an even better deal.

The Deal

• Earn 19,300 Capital One miles when spending $100+ at Faire via Capital One Offers.
• Direct link to offer.

Key Terms

• Only eligible for the first confirmed order and verified business owners.
• To make a qualifying purchase, you must click the button below, and then complete a purchase at the selected merchant’s site, in the window opened by the Capital One Offers tile, within 24 hours.

Quick Thoughts

If you’re not familiar with Faire – and I wasn’t before doing some research for this post – it appears to be a wholesale retailer. The intention seems to be that you buy wholesale products and sell them at a marked up price elsewhere, whether that’s on your own website, eBay, Facebook Marketplace, etc.

This Capital One Offers deal gives 19,300 miles when you spend $100 or more. I did some browsing on the Faire website to see what would be involved with spending $100 and soon discovered that you have to register in order to see an actual price. You can do a widespread search by category, but if you click on a product you’ll be prompted to enter an email address. You then have to answer a bunch of questions about your business; be aware that stating that you’re browsing for personal use won’t work – you’ll need to select a reason why you want to buy products for your business.

After going through that rigmarole, I got a popup stating that I could get $50 off my first order, with a max discount of $100:

I took a look at pet products to see if there were any useful items there that could be bought wholesale cheaply. There were numerous collapsible travel water bowls such as this one:

24 of those bowls cost $105.60 which meets the $100 spend requirement for the Capital One Offers offer. After adding those to my cart, I noticed the price drop to $52.80 which was due to that 50% discount I mentioned earlier. I’d figured that would be some kind of promo code that would be sent via email, but it appears to get applied automatically which is nice.

Unfortunately you can’t select 48 of these bowls to get above that threshold, so I added 24 bowls of another variety from the same seller. That took the total to $111.20; it didn’t drop to $105.60 as the max discount was $100. Estimated shipping was $24, so it came to a total of $135.20.

If you can get the initial total closer to $100 with a different product while simultaneously picking a product that’s cheaper to ship, you could hopefully reduce the total cost to ~$120. That’s pretty good considering you’d earn 19,300 miles; even at a 1 cent per point (cpp) valuation that’s worth $193. You could easily get in excess of $300 of value from those miles though by transferring to a travel partner.

That could make this deal worth doing even if you have no use for the product(s) you buy. If you can make use of them for personal use or by reselling them yourself, this deal becomes even more profitable.

Important things to note

There are a couple of important things to be aware of. First, this is a Capital One Offers deal, not a Capital One Shopping deal. Capital One Shopping is a public shopping portal that anyone can use whether they have a Capital One credit card or not. Capital One Offers on the other hand requires that you have a Capital One card. The good thing about Capital One Offers is that they recently made a change which means that they now offer miles rather than cashback. The Capital One Shopping portal on the other hand offers cashback, but not true cashback as it can’t be cashed out for cash – only a selection of third party gift cards.

Something else important to note is that this isn’t a card-linked offer like an Amex Offer. With Amex Offers, provided the amount charged to your card is equal to or above the spending threshold needed, that’s sufficient – even if that total includes taxes, shipping fees, etc.

With this Faire offer from Capital One Offers, it functions more like a shopping portal. The $100 you spend will therefore have to be on products before any kind of shipping fees. The terms of the offer don’t state that you have to actually pay with your Capital One credit card, but it might be prudent to do that just in case you have to follow up with Capital One Offers if the purchase doesn’t track.

Which leads me on to one final point. I’ve only used Capital One Offers once; that purchase tracked with no issue, but there’s no guarantee that this deal will work hassle free. There’s therefore the risk that you spend ~$125 on products you’re not interested in and don’t end up with 19,300 miles. It’s therefore up to you whether or not you want to take that (hopefully negligible) risk.

n.b. For Capital One cardholders who only have cards that earn cashback rather than miles, this offer is giving $193. However, if you have both cashback and miles earnings cards, you can transfer the $193 cashback to your miles account which converts it to 19,300 miles.

Question

Have you already taken advantage of this offer? Or have you been able to find products totaling just a hair over $100 in order to minimize your overall cost? Let us know in the comments below.

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