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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.

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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 Last updated: October 2021
Transfer RatioExpected Transfer Time
Air Canada (Aeroplan)1:1Instant
Air France / KLM Flying Blue1:1Instant
Avianca Lifemiles1:1Instant
Aeromexico1:1Instant
British Airways Avios1:1TBD
Cathay Pacific Asia Miles1:1Nearly instant
Choice Hotels1:1TBD; Not yet available - launches later in 2021
Emirates Skywards1:1Instant
Etihad Guest1:11-2 days
Finnair1:1Instant
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

Thoughts?

Let me know below in the comments, on Twitter, or in the private MilesTalk Facebook group.

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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards

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

I got "in the game" in 2003 and since then I've collected literally millions and millions of frequent flyer miles and hotel points. I've flown around the world in first class seats that would cost $29,000 using frequent flyer miles and a few bucks in tax. And I've stayed in some of the finest hotels - all for free! A few years ago I realized many of my friends actually thought I was paying for these!! So I started sharing my tips. It's long been a passion, but when I hosted a session on Miles and Points at this year's South by Southwest festival, my love of the game intensified and this blog was born.

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