With Major Improvements, Capital One Transfer Partners Are Legit
capital one points transfer

With Major Improvements, Capital One Transfer Partners Are Legit

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Way back in late 2018, Capital One gave travelers with its popular Capital One Venture Rewards Credit Card and other cards a new way to use their miles: Send them straight to a dozen different airline partners. But it always fell short of the ease and value of using Capital One’s Purchase Eraser to book travel and erase the cost using miles.

Three years and a slew of improvements and additions later, it’s now become a truly solid way to use those Venture Miles.

On Thursday, Capital One improved how many miles you get when transferring to some of its best airline partners, including Air Canada Aeroplan, Air France/KLM Flying Blue, British Airways Avios, and Turkish Airlines Miles&Smiles, among others. Rather than getting 1.5 miles for every 2 Venture miles you transfer, these all now transfer on a 1:1 basis.

Capital One made a similar move with a few other airline and hotel partners earlier this year. Combined with Thursday’s news, it means you can transfer miles on a 1:1 basis to the vast majority of Capital One’s 19 hotel and airline partners.

Take a look at the list and see for yourself.
 

ProgramTypeRatioTransfer Time
AeromexicoAirline1:1Same day
Air Canada AeroplanAirline1:1Same day
Air France/KLMAirline1:1Same day
Avianca LifeMilesAirline1:1Same day
British AirwaysAirline1:1Same day
Cathay Pacific AsiaMilesAirline1:1Up to five business days
Choice HotelsHotel1:1TBD
EmiratesAirline1:1Same day
EtihadAirline1:1Same day
EVA AirAirline2:1.5Up to five business days
FinnairAirline1:1Same day
QantasAirline1:1Up to five business days
SingaporeAirline1:1Up to five business days
TAP Air PortugalAirline1:1Same day
Turkish AirlinesAirline1:1Same day
AccorHotel2:1Up to two business days
WyndhamHotel1:1Same day

Read our guide to transferring Capital One miles to airline and hotel partners!

This is big for Capital One. While adding the ability to transfer miles to airline and hotel accounts was a solid addition in 2018, it fell far short of banks like Chase and American Express because transferring Capital One miles wasn’t nearly as valuable. They’ve now leveled that playing field.

It’s especially important for airline partners like Turkish Airlines, Etihad, and Avianca LifeMiles – somewhat niche airline programs with great redemption opportunities. Being able to transfer 50,000 Venture Miles and get 50,000 Turkish miles or LifeMiles is a big advantage.

For example, Turkish Miles & Smiles offers one of the cheapest ways to fly business class from the U.S. to Europe: Just 45,000 miles each way to fly Turkish or United Polaris or even SWISS business class. But with its previous 2:1.5 transfer ratio, you’d need to transfer 60,000 Venture miles to make it happen.

Today, that dropped to just 45,000.
 

swiss business class capital one

 

What This Means for Capital One

The Capital One Venture Rewards Credit Card is truly one of the best travel credit cards for beginners. You earn 2x points on every purchase and even get a credit that covers a Global Entry or TSA PreCheck membership – all for a card with a $95 annual fee. But the true allure for beginners is its easy-to-use Purchase Eraser to redeem miles for travel.

Just charge any travel expense – flights, hotels, Airbnbs, tours, excursions, and so on – to your Venture Card. Then go back to use points to wipe the cost from your credit card statement.

Read our guide to using Capital One Purchase Eraser!

That ease and versatility is unparalleled, especially when stacked against the confusing and constantly changing world of airline miles, award charts, and devaluations. It’s the perfect entry point for travelers just getting started with points and miles.

But with a bonafide transfer partner program, Capital One Venture miles are a genuine double threat – appealing to almost any traveler from the novice to the advanced expert.

Sure, you can wipe a $300 Airbnb stay from your statement using 30,000 Venture miles. But you can also start to dip your toe into the world of transfer partners, finding outsized value as you get more comfortable with the prospect of transferring miles to individual airline or hotel programs.
 

capital one venture
 

Click Here to get more information about the Capital One Venture Rewards Credit Card.

 

Bottom Line

This is big. For years, we’ve shied away from highlighting the ability to transfer Capital One miles because they were less valuable than other banks like Chase and American Express. And it added a layer of confusion to Capital One’s otherwise simple setup.

As of today, that’s no longer the case. Transferring 1,000 Capital One miles will now net you 1,000 miles in almost every major airline partner in Capital One’s portfolio.
 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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