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 Ratio | Expected Transfer Time | |
| Air Canada (Aeroplan) | 1:1 | Instant |
| Air France / KLM Flying Blue | 1:1 | Instant |
| Avianca Lifemiles | 1:1 | Instant |
| Aeromexico | 1:1 | Instant |
| British Airways Avios | 1:1 | TBD |
| Cathay Pacific Asia Miles | 1:1 | Nearly instant |
| Choice Hotels | 1:1 | 1 day |
| Emirates Skywards | 1:1 | Instant |
| Etihad Guest | 1:1 | 1-2 days |
| Finnair | 1:1 | Instant |
| Qantas | 1:1 | 1-2 days |
| Singapore Airlines KrisFlyer | 1:1 | 1-2 days |
| TAP Air Portugal | 1:1 | TBD |
| Turkish Airlines Miles&Smiles | 1:1 | TBD |
| Wyndham Rewards Hotel Program | 1:1 | Instant |
| EVA | 2:1.5 | 1-2 days |
| Accor Live Limitless (ALL) Hotel Program | 2:1 | 1-2 days |
| Virgin Red | 1:1 | TBD |
Thoughts?
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