Capital One continues to build out its transfer partners for Venture and Spark cardholders, with the bank’s first domestic airline partner – JetBlue – as the newest addition. Plus, the bank offers limited-time transfer bonuses to boost appeal.
- Aeromexico (Club Premier)
- Air Canada (Aeroplan)
- Air France, KLM (Flying Blue)
- Alitalia (MilleMiglia Program)
- Avianca (LifeMiles)
- Cathay Pacific (Asia Miles)
- Etihad Airways (Etihad Guest)
- EVA Air (Infinity MileageLands)
- Finnair (Finnair Plus)
- Hainan Airlines (Fortune Wings Club)
- JetBlue (TrueBlue)
- Qantas (Qantas Frequent Flyer)
- Qatar Airways (Privilege Club)
- Emirates (Emirates Skywards)
- Singapore Airlines (KrisFlyer)
For most of these travel partners, Capital One miles transfer at a 2:1.5 rate. Meaning – because Venture cardholders earn 2 miles for every dollar they spend – each dollar will essentially be worth 1.5 miles when transferred to one of the loyalty programs. Three partners – JetBlue, Emirates and Singapore Airlines – have a lower transfer rate of just 2 Capital One miles to 1 partner mile.
Luckily, Capital One regularly offers a miles boost on transfers to certain partners. From June 1, 2019 to June 30, 2019, cardholders can get a 20 percent bonus for transferring miles to Flying Blue – boosting the transfer rate to 2:1.8.
Along with the Venture card, the miles transfer benefit also applies to the VentureOne, Spark Miles and Spark Miles Select cards. Capital One plans to continue adding new travel partners on an ongoing basis.
50,000 bonus miles
In addition to earning bonus miles on every purchase, the Capital One Venture card allows new cardholders to earn 50,000 miles when they spend $3,000 in the first three months of card membership.
|Capital One® Venture® Rewards Credit Card|
Why use it?If you want a simple, straightforward approach to earning rewards, the Venture card is a great option – thanks to its 2-mile bonus on general purchases. Additionally, the generous 10-mile bonus on hotels.com/venture purchases through January 2020 is an extra perk for frequent travelers.Read review
|Estimated Yearly Rewards Value ($15,900 spend)|
$95, waived first year
Cardholders have the opportunity to squeeze a lot of value out of the Venture card – especially during the first year. With the added transfer partners, TPG has boosted its valuation of each Venture mile from 1 cent to 1.4 cents – making the 50,000-mile sign-up bonus worth $700. That’s a very generous amount for a rewards card that doesn’t charge an annual fee the first year.
Value of sign-up bonus
|Value of 50,000-mile bonus|
|50,000 miles x 1.4 cents = $700|
Combine that amount with the average consumer’s yearly spend (approximately $15,900 on food, gas, clothing and general purchases annually), and you have the potential to earn $1,181 in rewards value in the first year alone.