Capital One changed their famous “miles” program back in 2018 to include transfer options to airlines and hotels. At launch, the transfers were all a mix of 2:1 and 2:1.5, making for some advanced calculations in your head to figure out the value.

Recently, Capital One made changes to make many transfer partners 1:1.

Today, Capital One announced that all of their airline and hotel partners will transfer at an easy 1:1 ration, with the two exceptions of EVA (a Taiwan-based airline) and Accor Hotels (which makes sense since they are worth 2 Euro cents each).

This is fantastic news as it both simplifies the Capital One Miles program and adds substantial value.

You can earn Capital One Miles with a Capital One Venture or a Capital One Spark Miles for Business card. Notably, even if you have another card like a Quicksilver or Capital One Spark Plus, you can transfer that cash back into Capital One miles and then to transfer partners.

Lastly, this clearly substantially changes the value of a Capital One point. I would say it’s now at parity with Citi’s ThankYou program and have changed the value of a Capital One mile to 1.5 cents each accordingly.

The list of Capital One partners and transfer ratios is now:

Capital One Miles
Transfer RatioExpected Transfer Time
Air Canada (Aeroplan)1:1Instant
Air France / KLM Flying Blue1:1Instant
Avianca Lifemiles1:1Instant
British Airways Avios1:1TBD
Cathay Pacific Asia Miles1:1Nearly instant
Choice Hotels1:11 day
Emirates Skywards1:1Instant
Etihad Guest1:11-2 days
Qantas1:11-2 days
Singapore Airlines KrisFlyer1:11-2 days
TAP Air Portugal1:1TBD
Turkish Airlines Miles&Smiles1:1TBD
Wyndham Rewards Hotel Program1:1Instant
EVA2:1.51-2 days
Accor Live Limitless (ALL) Hotel Program2:11-2 days
Virgin Red1:1TBD


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