Update: October 5th. As noted by Frequent Miler and as I just confirmed directly with Capital One, things are all back to normal re the below EXCEPT for the BA transfers which appear to still be down.
I’ve written a fair bit about how you can move cash from cards like the Capital One SavorOne, Spark Cash Select, and Quicksilver to mileage-earning cards like the Capital One Venture, Venture X, or Spark Miles.
It’s pretty awesome because you have the option to cash out as cash on the cash back cards (unlike the travel cards which can only be cashed out for travel – or transferred), but then you also have the option to spend as miles if you do want to transfer, given that Capital One now has a long list of airline and hotel transfer partners.
You should know that this feature is currently temporarily unavailable (along with transfers to BA) and there is no timeframe on restoration. I reached out to a Capital One spokesperson who confirmed that:
“…the Share Rewards option is temporarily unavailable, due to maintenance. We are hoping to restore availability as quickly as possible.”
I did ask if there was an ETA on the restoration and unfortunately none is available.
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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.