Capital One has announced a new partnership with American Airlines that will make miles more valuable. The airline will be the first to offer this service, which is expected to launch in 2024.
Capital One just made its miles a lot more valuable when transferred to airlines. The company is now offering a bonus of up to 50% for the transfer and the card comes with no annual fee.
Capital One has just increased the value of its miles when transferred to airlines
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With David Spade ridiculing airline co-brands, Capital One gained a reputation as an alternative to airline miles.
Over the last three years, they’ve managed to create a very great value offer in frequent and aspirational travel, using their expertise in regularly delivering on a value proposition – although one oriented toward purchasing inexpensive tickets. That’s the new travel site that will help you find the cheapest price, the soon-to-be-launched airport lounge network, and the conversion of Capital One points to airline miles.
They’ve constantly added things while seldom removing them, which I think is great for consumers. And they’ve been working hard to establish themselves as a necessary travel companion.
The complex (but excellent) value proposition of airline mile transfers is one of the factors holding them back from broad use. And here is a business that has established its reputation on providing clear, uncomplicated value propositions.
They provided a range of transfer ratios when they first introduced mileage transfers at the end of 2018.
- Capital One Venture is a fantastic card that rewards you with 2 miles for every dollar you spend. When you earn ‘always double points,’ it’s difficult to convert them 1:1 into airline miles. Because what’s better than a card that rewards you 2 airline miles every dollar spent on any airline of your choosing on all of your purchases (rather than just a few categories)? That’s a lot of money.
- However, if you earn 2 miles every dollar and transfer them at a rate of 2:1.5, you’ll get 1.5 airline miles for dollar spent on anything, which is fantastic.
But you must do the arithmetic, take a break, and ponder. Capital One continues to bring value to travel, and in April, they did so by launching… Some airlines provide 1:1 transfers, so you may earn two airline miles for every dollar spent.
Initially, just a few airlines were involved. That is beginning to change. They’ve added a few more airlines to the 1:1 transfer tier, boosting the earning potential of Capital One Venture and Spark Miles.
Capital One miles may now be transferred 1:1 to the following destinations:
- Air Canada Aeroplan, Singapore Airlines Krisflyer, Turkish Airlines Miles&Smiles, Avianca LifeMiles, TAP Air Portugal Miles&Go are all members of the Star Alliance.
- British Airways Executive Club, Cathay Pacific Asia Miles, Finnair Plus, and Qantas Frequent Flyer are all part of the oneworld alliance.
- Air France KLM Flying Blue, Aeromexico Club Premier are members of the SkyTeam alliance.
- Emirates Skywards, Etihad Guest are non-alliance airlines.
- Wyndham Rewards is a hotel loyalty program.
Capital One is providing a 50% bonus on transfers to Etihad in October, even if they are 1:1 transfers.
EVA Air Infinity MileageLands accepts Capital One miles at a 2-to-1 ratio. They also have a 2-to-1 transfer into ALL Accor Live Limitless.
I’d definitely remove EVA Air and Accor at this point – and EVA Air is an underrated transfer partner – to simplify the value proposition of 1:1 transfers to all partners.
I appreciate how they only allow transfers in 100 mile increments rather than 1000 mile increments (as long as the minimum transfer is 1000 miles), since I often find myself with 878 miles in an account after a transfer. I’d rather go closer to zero and avoid wasting the additional 1000 miles. It’s a little victory, but it’s something Capital One provides for clients that other banks and credit unions don’t.
While not all points transfers are fast, the ones you’re likely to use the most, such as Air Canada, Air France, Avianca, British Airways, and Emirates, seem to be.
More From the Wing’s Perspective
Capital One has made the miles it earns on its credit cards transferable to airlines. The company will give you a statement for each card that shows how many miles are still left, and then it’ll be easy to transfer them over so you can use them when you travel.
Frequently Asked Questions
Is it worth it to transfer miles?
As a general rule, it is not worth it to transfer miles.
Can I transfer my Capital One miles to American Airlines?
Yes, you can transfer your miles to American Airlines.
Can you transfer Capital One miles?
Unfortunately, Capital One does not allow users to transfer miles from one account to another.
