Capital One, Emirates

100% Transfer Bonus from Capital One Miles

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Transfer Bonus

Capital One today launched a one-week transfer bonus wherein each Capital One mile can be transferred to Emirates 1:1 instead of the usual 2:1. Usually, Emirates is one of only two Capital One partners, along with Singapore KrisFlyer, offering just a 2:1 ratio while the rest of the airlines transfer 2:1.5.

Why is this exciting?

Of course, transfer bonuses allow you to stretch your miles much farther. If you need Emirates Skywards miles and only have Capital One miles, you’re getting twice as many. That’s obvious But Capital One indicated to Gary Leff at VFTW that this is just the start. There will be more transfer bonuses and more partners coming. That tells me Capital One is invested in this program and that motivates me to collect their miles that much more.

But it’s just 1:1 – isn’t that just the same as American Express Membership Rewards?

It is, except you earn 2 miles per dollar spend on everything with the two major Capital One cards that earn miles.  While the American Express Blue Business Plus offers 2x earnings on everything all the time, that maxes out at $50,000 per year. Capital One doesn’t.

Does Emirates have any Sweet Spots?

Emirates Skywards isn’t really a super attractive program due to its high surcharges. However, that said, there is a time you may want to use them and that is during peak travel times. Emirates will make awards available in their Flex award category (for more miles) during peak times than they release to partners. And partners have raised their rates and, aside from Alaska, added the massive surcharges. And Alaska raised the award prices so high that it doesn’t even really offset the cash co-pay.

So, if you are set on trying Emirates First or Business, or need to get to the Middle East or nearby, it may be an option to compare. I booked tickets on Emirates for peak Xmas travel and paid 127,500 Skywards miles for a JFK-DXB (stop) -MLE itinerary in Business class. The surcharge was $850 or so. Amazing deal? No. But it got me where I needed to be when no other airline had award space.

You’ll also still get the Chauffeur service at both ends of your trip on a Flex award (but no longer on a Classic award).

What Credit Cards Earn Capital One Miles?

The Capital One Spark Miles for Business (Learn More) and the Capital One Venture personal card
(Learn More) are the two best ways to go. They both earn 2 miles per dollar spent on everything.

The Venture also has the 10x on hotels.com through January 2020.

The list of Capital One transfer partners is:

  • Aeromexico
  • Aeroplan (Air Canada’s program)
  • Alitalia
  • Avianca
  • Cathay Pacific
  • Etihad Airways
  • EVA Air
  • Finnair
  • Flying Blue (Air France / KLM)
  • Hainan Airlines
  • Qantas
  • Qatar Airways
  • Singapore Airlines (2:1 ratio)
  • Emirates (2:1 ratio normally – 1:1 during this promo)

What are your thoughts on this bonus? Let me know here, on Twitter, or in the private MilesTalk Facebook group.

New to all of this? My new “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available now.