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.
Though perhaps not as well-known as transfer partners from brands like Chase or American Express, Capital One allows for Capital One Venture Rewards Credit Card and Capital One Spark Miles for Business rewards cardholders to transfer miles to select airline and hotel partners. The list of eligible partners changes often, with British Airways, TAP Air Portugal and Turkish Airlines as the latest additions to the club.
The issuer is also adding Choice Hotels, which will go live later this year.
It can be difficult to keep up with an evolving list of partners, but strategic Capital One cardholders can leverage the high value of partner points or miles to stretch Capital One miles further.
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 translate to 500 ALL Rewards points. While the Accor program is not particularly well-known, it does include the luxury Fairmont brand, which operates 76 properties in 24 countries.
Luckily ALL Rewards offers a fixed-value redemption scheme on hotel stays, with 2,000 points saving you €40 (approximately $48) 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 has improved from 2:1.5 to 1:1, effective April 20, 2021 – meaning 1,000 Capital One miles equals 1,000 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.
At the same time, 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.
Airline partner transfers value boost
Capital One also recently improved transfer rates for a few of its partners, including Avianca, Etihad, Asia Miles, AeroMexico, Finnair and Qantas. You can now transfer miles to these programs at the 1:1 rate, which boosted the value of these transfer options.
For example, transferring to Avianca now can yield a nice return and your Capital One miles will go a long way if you transfer them to Etihad. Unfortunately, you’re not likely to use these airlines often, unless you’re traveling to or within destinations they serve or travel internationally with layovers in these locations. If you mostly travel locally, these new transfer options and increased rates won’t offer much value.
More than 15 hotel and airline transfer partners
Though Capital One announced the termination of partnerships with Hainan Airlines and Qatar Airways in 2020, on April 20, 2021, the issuer announced adding four more partners to the list. 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|
|TAP Air Portugal||1:1||1.2||2.4|
|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 many 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 miles if you spend $20,000 in your first 12 months or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 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. 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 a large amount of rewards in the first year alone.