Capital One Announces Lucrative Airline Transfer Program

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UPDATE: Capital One transfers are now live. See our comprehensive post for details.

Capital One has announced a new airline transfer program which will join its fixed-value redemption options. We’re huge fans of flexible rewards currencies and, from first impressions, Capital One has produced a well thought out mileage transfer program featuring high-value partners and transfer ratios that will encourage many cardholders to move significant spend onto Capital One cards.

Up until now, you could only redeem miles earned on the Capital One® Venture® Rewards Credit Card and Capital One® Spark® Miles for Business as a statement credit against travel purchases. Each mile was worth 1¢ when redeemed against qualifying travel purchases. This feature will be retained, but Capital One will also add the ability to transfer to partners, so you can earn a minimum 2% back on purchases when redeemed at a fixed-rate for travel purchases, or up to 1.5 airline miles with one of 14 transfer partners.

While the Capital One cards don’t feature traditional bonuses categories like cards from other flexible rewards programs, both cards receive 5x miles per dollar on hotel and rental car purchases from Capital One Travel, and earn 2x miles per dollar on every purchase, making these cards a top choice for everyday spend.

Capital One Airline Partners and Transfer Rates

From December, cardmembers earning Venture Miles or Spark Miles will have the ability to transfer rewards to 12 airline transfer partners at a 2:1.5 ratio, or 1,000 points will transfer to 750 airline miles, and 3 transfer partners at 2:1. How long it will take points to transfer is yet unclear, but we are hoping transfers will be quick.

Transfer PartnerTransfer Ratio
Aeromexico Club Premier2:1.5 or 1000:750
Air Canada Aeroplan2:1.5 or 1000:750
Air France/KLM Flying Blue
2:1.5 or 1000:750
Alitalia MilleMiglia2:1.5 or 1000:750
Avianca LifeMiles2:1.5 or 1000:750
Cathay Pacific Asia Miles2:1.5 or 1000:750
Emirates Skywards2:1 or 1000:500
Etihad Guest2:1.5 or 1000:750
EVA Air Infinity MileageLands2:1.5 or 1000:750
Finnair Plus2:1.5 or 1000:750
Hainan Airlines Fortune Wings Club2:1.5 or 1000:750
JetBlue TrueBlue2:1 or 1000:500
Qantas Frequent Flyer2:1.5 or 1000:750
Qatar Airways Privilege Club2:1.5 or 1000:750
Singapore KrisFlyer2:1 or 1000:500

While there are no U.S. airlines currently on the list, there is a good crossover with transfer partners from other flexible rewards programs, meaning you can pool points earned across multiple transferrable currencies to help you reach your travel goals faster. Highlights include Flying Blue (transfers from every major flexible rewards currency), Avianca LifeMiles (transfers from Amex and Citi), and Aeroplan (transfers from Amex).

Earn Up To 1.5x Airline Miles or 2% Fixed-Rate on Everyday Spend

Cardholders will be able to transfer points earned via the Venture and Spark Miles range of rewards cards at the same transfer rate, including the no annual fee versions, although the no annual fee versions earn at a lower rate than their premium counterparts.

Take Advantage of Great Value Welcome Bonuses

In addition to the new airline transfer program which is set to launch in December 2018, Capital One also offers top-value welcome bonuses on the Capital One Venture and the popular Spark Miles.

The Capital One Venture is offering 50,000 miles after spending $3,000 on purchases within 3 months from account opening. Plus, you can earn 5X miles on hotel and rental car bookings through Capital One Travel.

The Capital One Venture is offering 50,000 miles once you spend $4,500 on purchases within 3 months from account opening. Plus, you can earn 5X miles on hotel and rental car bookings through Capital One Travel.

The bonuses on these cards already provide exceptional value for cards offering fixed-value rewards, but the ability to transfer the points earned on these cards to airline partners make them much more valuable.

Final Thoughts

The addition of transfer partners to the Capital One Rewards ecosystem is an awesome present for points and miles fans, providing credible competition to Amex, Citi, and Chase, and a viable alternative for folks caught out by application restrictions from other card issuers.

We would love to hear your thoughts on the new Capital One airline transfer program, and we’ll update this post as more information and data points become available.

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