Capital One has an evolving list of transfer partners that provide added flexibility to its miles for Venture and Spark cardholders. Here’s everything you need to know about partners and if it is worth it to transfer your miles.
Capital One recently debuted the option for Capital One Venture Rewards Credit Card and Capital One Spark Miles for Business* rewards cardholders to transfer miles to a pair of hotel transfer partners: Accor Live Limitless and Wyndham Rewards. This marked the first time that users were able to transfer Capital One miles to a hotel loyalty program.
Unfortunately, the issuer has also recently rolled out a series of less exciting changes to its list, announcing the discontinuation of partnerships with Hainan Airlines and Qatar Airways on May 13, 2020.
Despite an evolving list of partners, Capital One cardholders can leverage the high value of partner points or miles to stretch Capital One miles further.
First-ever Capital One hotel transfer partners
Accor Live Limitless and Wyndham Rewards are Capital One’s first hotel transfer partners, and Capital One is currently the only issuer that offers transfers to both the Wyndham and Accor programs.You can transfer Capital One miles to Accor Live Limitless (ALL) points at a rate of 2:1. This means that 1,000 Capital One miles translates to 500 ALL Rewards points. While the Accor program is not particularly well-known, it does include the luxury Fairmont brand, which operates 75 properties in 24 countries.
Luckily ALL Rewards offers a fixed-value redemption scheme on hotel stays, with 2,000 points saving you €40 (approximately $44) on a stay. Given the 2:1 transfer rate, you’d need to redeem 4,000 Capital One miles to get 2,000 ALL points and receive the discount.
While the hotel stay discount will get you the most mileage out of your ALL points, you can also use ALL points for stays at luxury private homes and villas, at participating restaurants and bars, and for shopping and experiences. The Points Guy values ALL points at 2 cents per point, which is a bit higher than the site’s valuation of Capital One Rewards miles (1.4 cents), making this transfer worth a look.
Meanwhile, the transfer rate for Wyndham Rewards is 2:1.5 – meaning 1,000 Capital One miles equals 750 Wyndham Rewards points. As the world’s largest hotel franchising company, Wyndham has a wide global reach, operating brands like Wyndham Grand and La Quinta.
We currently value Wyndham Rewards points at just 0.7 cents each, so transferring is less likely to save you money. However, depending on where and when you book, it’s still possible to score big savings.
JetBlue transfer value boost
Capital One also recently increased the value of transfers to JetBlue’s TrueBlue rewards program. You can now transfer miles to the TrueBlue program at a 2:1.5 rate. This is a 50% increase over the 2:1 transfer rate offered when JetBlue was added as a Capital One transfer partner in May of 2019.
Since JetBlue uses a dynamic pricing model, you’ll have to try out a few dates and flight types to get a sense of whether you can squeeze more than 1 cent of value out of your Capital One miles by transferring.
More than 10 hotel and airline transfer partners
Though Capital One added Accor Live Limitless and Wyndham Rewards to its list of transfer partners in February 2020, it recently announced the termination of partnerships with Hainan Airlines and Qatar Airways, effective May 13, 2020. Now, Venture and Spark Miles for Business cardholders can transfer to the following airline and hotel loyalty programs:
|Partner||Transfer ratio||Miles value (cents)||Value of 2 miles transferred (cents)|
|Aeroplan (Air Canada)||2:1.5||1.5||2.25|
|Flying Blue (Air France, KLM)||2:1.5||1.2||1.8|
|Accor Live Limitless||2:1||2||2|
As you can see, the poor transfer ratio begets a loss in miles value when you transfer to most of these programs. However, there are a few standouts where you can stretch the value of your points, and you can always go digging for particularly valuable airline redemptions.
Earn up to 100,000 bonus miles with the Venture card
In addition to earning bonus miles on every purchase, the Capital One Venture card allows new cardholders to earn 100,000 bonus miles when they spend $20,000 in the first 12 months of account opening, or still earn 50,000 miles when they spend $3,000 in the first three months.
Cardholders have the opportunity to squeeze a lot of value out of the Venture card – especially during the first year. Assuming a value of 1.4 cents per Venture mile, the card’s 100,000-mile sign-up bonus is worth around $1,400 (and the 50,000-mile sign-up bonus is worth around $700). Even when you subtract the card’s annual fee, that’s a high earning potential in year one.
Value of sign-up bonus
|Value of 100,000-mile bonus|
|100,000 miles x 1.4 cents – $95 annual fee = $1,305|
Combine that amount with the 2 miles per dollar rate earned on all purchases, and you have the potential to earn $1,865 in rewards value in the first year alone.
*All information about the Capital One Spark Miles for Business card has been collected independently by CreditCards.com and has not been reviewed by the issuer. The Capital One Spark Miles for Business card is no longer available through CreditCards.com.