Your ultimate guide to Capital One transfer partners

Oct 11, 2020

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Editor’s note: This is a recurring post, regularly updated with new information. 

As the travel rewards credit card space has become very competitive, card issuers need to find new ways to differentiate themselves and attract customers. For some issuers, that meant launching entirely new credit cards or revamping existing ones. But, Capital One provided the best possible value add back in 2018 when it decided to add transfer partners to its Venture and Spark card families. The list has continued to grow since that initial launch, and now includes the following transfer partners:

Today I’ll walk you through each of your transfer options — the good, the bad and the truly aspirational — and help you figure out which ones to use on your next trip.

Related: How to transfer Capital One miles to airline partners

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In This Post

How to earn Capital One miles

Capital One made its name offering fixed value/cash-back cards. But, now there are four cards that let you earn transferable Capital One miles. So, let’s take a closer look at each of these Capital One cards.

Capital One® Venture® Rewards Credit Card

Capital One Venture Rewards Credit Card
(Photo by Wyatt Smith/The Points Guy)
  • Current bonus: For a limited time, earn 100,000 bonus miles after you spend $20,000 on purchases within the first 12 months from account opening. Or, still earn 50,000 bonus miles after you spend $3,000 on purchases within the first three months of account opening.
  • Benefits: 5x miles on Uber Eats through Jan. 31, 2021; 5x miles on hotel and car rental purchases made through Capital One Travel; 2x miles on all other purchases; Global Entry/TSA PreCheck application fee credit (up to $100) every four years
  • Annual fee: $95

For more information, see our review of the Capital One Venture card.

Related: Why the Capital One Venture Rewards credit card has a front spot in our wallets

Capital One® VentureOne® Rewards Credit Card

Capital One VentureOne Rewards Credit Card
(Photo by Eric Heglas/The Points Guy)
  • Current bonus: 20,000 bonus miles after you spend $1,000 on purchases within the first three months of account opening
  • Benefits: 5x miles on Uber Eats through Jan. 31, 2021; 5x miles on hotel and car rental purchases made through Capital One Travel; 1.25x miles on all other purchases
  • Annual fee: $0

For more information, see our review of the Capital One VentureOne Card.

Related: Capital One Venture Card vs. Capital One VentureOne Card: Which one is right for you?

Capital One® Spark® Miles for Business

Capital One Spark Miles for Business
(Photo by Eric Helgas/The Points Guy)
  • Current bonus: 50,000 bonus miles after you spend $4,500 on purchases within the first three months of account opening
  • Benefits: 5x miles on hotel and rental car bookings through Capital One travel; 2x miles on all other purchases;
  • Global Entry/TSA PreCheck application fee credit (up to $100) every four years
  • Annual fee: $95 (waived first year)

For more information, see our review of the Capital One Spark Miles for Business Card.

The information for the Capital One Spark Miles has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.          

Related: Credit card showdown: Capital One Spark Cash for Business vs Spark Miles for Business

Capital One® Spark® Miles Select for Business

Capital One Spark Miles Select for Business
(Photo by John Gribben/The Points Guy)
  • Current bonus: 20,000 miles after you spend $3,000 on purchases within the first three months of account opening
  • Benefits: 5x miles on hotel and rental car bookings through Capital One travel; 1.5x miles on all other purchases
  • Annual fee: $0

For more information, see our review of the Capital One Spark Miles card.

The information for the Capital One Spark Miles Select has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.          

Related: How to complete a Capital One business credit card application

Capital One transfer partner overview

Before we start diving into each individual program, let’s start with a quick summary of Capital One’s different transfer partners, as well as the transfer ratios and estimated transfer times. Make sure to pay close attention to the transfer ratios, as they vary from program to program and can often make or break the math here.

Related: How to transfer Capital One miles to partners

Transfer partner Transfer ratio Transfer time
Aeromexico Club Premier 2:1.5 Instant
Air Canada Aeroplan 2:1.5 Instant
Air France-KLM Flying Blue 2:1.5 Instant
Alitalia MilleMiglia 2:1.5 Instant
Avianca LifeMiles 2:1.5 Instant
ALL Accor Live Limitless 2:1 One business day
Cathay Pacific Asia Miles 2:1.5 Five business days
Emirates Skywards 2:1 Instant
Etihad Guest 2:1.5 24-hour turnaround
EVA Infinity MileageLands 2:1.5 36-hour turnaround
Finnair Plus 2:1.5 Instant
JetBlue TrueBlue 2:1.5 Instant
Qantas Frequent Flyer 2:1.5 24-hour turnaround
Singapore Airlines KrisFlyer 2:1 36-hour turnaround
Wyndham Rewards 2:1.5 Instant

Best Capital One transfer partners

When Capital One first launched its transfer partner program, a few points and miles experts on the TPG team sat down to figure out how much transferable Capital One miles would be worth. We ultimately landed on a valuation of 1.4 cents per mile. But, that value primarily comes from just a handful of exceptional transfer partners.

Related: How to use your Capital One miles for maximum value

Air Canada Aeroplan

Air Canada’s Aeroplan loyalty program will be changing on Nov. 8, 2020. TPG has covered the Aeroplan program changes in detail, so start here to read about Air Canada’s sweeping Aeroplan changes. But, for now, the remainder of this section will describe the current Aeroplan program.

The current Aeroplan program offers some of the best Star Alliance award rates out there; you just need to be careful, as some partners pass on massive fuel surcharges. Take this Lufthansa first-class flight between the U.S. and Frankfurt (FRA). While 70,000 Aeroplan miles is one of the cheapest rates out there to book this ticket, the more than US$830 in taxes means your “free” trip will end up costing you quite a bit of cash.

(Image courtesy of Aeroplan)

A better option would be to pick a partner such as EVA Air, which doesn’t pass on fuel surcharges. Just 75,000 miles from the U.S. to Asia in business class is a great deal. And, EVA’s 777s offer a very comfortable ride.

(Image courtesy of Aeroplan)

You can also score some solid deals on domestic United flights within the U.S., or on specially designated short-haul awards for as little as 7,500 miles each way.

Related: The best ways to maximize Air Canada’s new Aeroplan program

Avianca LifeMiles

Avianca LifeMiles‘ biggest selling point, besides also offering very cheap rates on Star Alliance tickets, is that it doesn’t pass on fuel surcharges on any partner awards. This means that same Lufthansa first-class ticket would cost you 87,000 miles, but only $5.60 in taxes.

(Image courtesy of Avianca LifeMiles)

You might be able to drop that price even further thanks to a very generous pricing structure for mixed-cabin awards. If you’re flying in long-haul first class and connecting on to another destination, it’s almost a guarantee that your connection will be in a lower class of service. Avianca refunds you for this difference, meaning that adding a connection can actually make your flight cheaper. A one-way first-class award from the U.S. to Asia should cost 90,000 miles. But, if you add a connection to Okinawa (OKA) in economy like in the example shown below, your cost drops to only 83,200 miles.

(Image courtesy of Avianca LifeMiles)

In terms of domestic travel on United, Avianca uses a confusing pricing scheme that doesn’t match its published award chart but often still works out quite favorably. You can book plenty of short-haul routes for as little as 6,500 miles each way in economy. And, most domestic trips cost 10,000 miles or less, which is slightly below the industry average.

(Image courtesy of Avianca LifeMiles)

Related: What does Avianca’s bankruptcy filing mean for the LifeMiles program?

Etihad Guest

Despite not being a member of any of the major alliances, Etihad has a close partnership with American Airlines. And, this partnership gives the Etihad Guest program a considerable amount of value. This partnership lets you book flights on American Airlines at prices that roughly match what AA used to charge before its mega devaluation several years back. In other words, if you can find the elusive premium-cabin award space, you’re in for quite a deal.

Flying business class to Europe for just 50,000 miles or 62,500 miles to Australia is great. But, American is also the last of the U.S. airlines to still offer a true international first class cabin, available only on 777-300ER aircraft.

Related: The ultimate guide to Etihad partners

Average Capital One transfer partners

A number of Capital One’s transfer partners fall into the average group. These programs can offer solid value in the right context, but it’s by no means a guarantee. So, you’ll need to run the numbers on your own situation before transferring your miles over.

Related: To transfer or not to transfer: What to do with Capital One miles

Air France-KLM Flying Blue

Air France 777's at The Gate at CDG
(Photo by hanohiki/Shutterstock)

Flying Blue, the joint loyalty program of Air France-KLM, was one of the first major frequent flyer programs outside of the U.S. to adopt dynamic award pricing. This makes it very difficult to talk about good redemption values in general terms as prices fluctuate from day to day. But, if you’re looking to redeem Flying Blue miles, you should focus on the program’s rotating monthly Promo Rewards.

Promo Rewards were temporarily suspended due to the coronavirus pandemic. Now they are back, but there’s not anything on offer for U.S.-based travelers. However, normally you can find award flights to, from and within Europe at a fixed discount. Usually, this discount will be 25% or 50% off the miles needed for an award.

Flying Blue will also specify what classes of service are eligible for Promo Rewards. So, some cities might have discounted business-class awards while others will only have economy. This is one time you can use dynamic pricing to your favor: If you find cheap awards to a secondary European city during less busy times, the percentage discount will drop your out of pocket cost even further.

Related: The easiest airline miles to earn and why you want them

ALL Accor Live Limitless

Hotel chain Accor uses a fixed-value redemption scheme in its Accor Live Limitless program. So, transferring miles from Capital One will always represent a solid — though by no means aspirational — value. ALL allows you to redeem 2,000 points for 40 euros off a stay (~$47 based on current exchange rates).

Given the 2:1 transfer ratio, you’d need to transfer 4,000 Capital One miles to get $47 off your stay, as opposed to $40 if you redeemed your miles for recent travel. While it’s only a $7 difference, this means you’re guaranteed to get a slightly better value by transferring your miles to Accor if you want to stay at an Accor property.

Related: You can now book these awesome Accor hotels with miles

Cathay Pacific Asia Miles

A Cathay Pacific Airbus A350 landing in Hong Kong. (Photo by Vivek Prakash/Bloomberg/Getty Images)

Because Asia Miles uses a distance-based award chart, this program can be expensive if you’re looking to fly Cathay Pacific to or from the U.S. You might decide that it’s worth it to pay up for one of the world’s best first-class products, especially since Asia Miles tends to have access to more Cathay Pacific award space than partners like Alaska and American. You’ll also find some decent values on shorter domestic flights operated by AA and some Oneworld flights from the east coast to Europe.

Related: The complete guide to Cathay Pacific Asia Miles

Qantas Frequent Flyer

Qantas airplanes in Melbourne. (Photo by Scott Barbour/Getty Images)

Qantas also uses a distance-based chart, which means long-haul flights from the U.S. to Australia are prohibitively expensive in most cases. Like Asia Miles, one advantage of booking directly with Qantas is that you might have access to some elusive premium-cabin award space that other programs can’t see.

One of the best uses of Qantas miles falls entirely outside the Oneworld alliance, with partner El Al. El Al is in the process of updating an ancient fleet and replacing its 747 and 777 aircraft with modern and comfortable Dreamliners, and you can get a good value redeeming Qantas points for business-class awards between Newark (EWR) and Tel Aviv (TLV).

Related: Qantas latest in growing list of airlines to launch scenic flight to nowhere

Wyndham Rewards

Wyndham Orlando Resort International Drive, hotel grounds
Wyndham Orlando Resort International Drive (Photo by Jeff Greenberg/Getty Images)

TPG’s valuations only peg Wyndham Rewards points at 1.1 cents each. So, it can be challenging to come out ahead after factoring in the 2:1.5 transfer ratio. After all, 1.5 Wyndham points are worth about 1.65 cents whereas the 2 Capital One miles are worth 2 to 2.8 cents.

Still, Wyndham has a large global portfolio and you may be able to find individual redemptions that make this transfer worth it, especially if you’re just short on the points you need for a specific award.

Related: 16 ways to earn Wyndham Rewards points for your next redemption

Worst Capital One transfer partners

Between expensive award charts, bad transfer ratios, hidden fees and programs that are just difficult to navigate, many of Capital One’s partners should not be on your radar at all. While you may be able to find a single redemption within these programs that constitutes a good value, more often than not you should avoid transferring to these partners at all costs.

Aeromexico Club Premier

(Photo by Alejandro Gonzalez M/Shutterstock)

Aeromexico Club Premier is actually a decent and underrated program, but not if you’re transferring from Capital One. Club Premier prices its awards in “kilometers” instead of miles, so prices are inflated about 1.6x above normal. American Express Membership Rewards compensates for this by offering a 1:1.6 transfer ratio, making a number of awards including round-the-world awards quite attractively priced. But, you should stay away from Capital One’s 2:1.5 transfer ratio here.

Related: What you need to know about Aeromexico’s dynamic award pricing

Alitalia MilleMiglia

There are several good reasons to be wary of using Alitalia MilleMiglia, including the carrier’s perpetually troubled financial situation, a buggy website and award prices that don’t match the carrier’s published award chart. Add in the fact that you’re required to book round-trip awards with partner airlines, and there are simply better ways to redeem Capital One miles on SkyTeam airlines.

Related: The complete guide to Alitalia MilleMiglia

Emirates Skywards

Emirates Skywards can be a valuable program for those looking to fly in the Gulf carrier’s jealousy-inducing premium cabins. But the 2:1 transfer ratio from Capital One makes these awards much more expensive than they already were. You’d be better off transferring points from Chase Ultimate Rewards or Amex Membership Rewards at a 1:1 ratio if you want to fly with Emirates, or looking into other partners, such as JAL or Alaska.

Related: The best programs for booking Emirates awards

EVA Infinity MileageLands

Capital One already partners with two of the best Star Alliance loyalty programs in the form of Avianca LifeMiles and Aeroplan, so there’s really no reason to bother with EVA. EVA’s award chart is more expensive and the program is harder to navigate as a whole.

Finnair Plus

A Finnair plane in Helsinki. (Photo by Artur Widak/NurPhoto/Getty Images)

Finnair’s sky-high award rates are reason enough to avoid the program, with a one-way economy award between New York-JFK and Helsinki (HEL) costing 55,000 miles. That’s double what many other airlines would charge on that route. If you’re flying from the U.S. to Europe, you may have better luck with Oneworld award pricing by looking at Asia Miles instead.

Related: Best ways to redeem Capital One miles on Oneworld airlines

JetBlue TrueBlue

JetBlue TrueBlue uses a fixed-value redemption scheme like Southwest Rapid Rewards for its own flights. So, award rates are tied directly to the cash price of the flight. You’ll get an average of about 1.3 cents for every TrueBlue point you redeem. So, when you transfer 2 Capital One miles (worth 2 cents) you’ll get 1.5 TrueBlue points worth 1.95 cents. Since this is basically a wash from a value perspective, you should instead book your JetBlue flights with cash. Then, you can use redeem your Capital One miles to offset this recent travel purchase.

Related: How to redeem points with the JetBlue TrueBlue program

Singapore KrisFlyer

Like Emirates Skywards, Singapore KrisFlyer is a solid program that’s undercut here by a paltry 2:1 transfer ratio. KrisFlyer awards have gotten more expensive over the years after a number of devaluations. So, while it’s worth paying up for the carrier’s Suites class, this low transfer ratio will make it unreasonably expensive. You should instead consider transferring Chase Ultimate Rewards points or American Express Membership Rewards points at a 1:1 ratio.

Related: Maximizing Singapore Airlines KrisFlyer partner awards

Bottom line

With 13 airlines and two hotels in its rank of transfer partners, Capital One has something for everyone. Not every transfer partner is a winner, but some programs offer such an incredible return that they can almost singlehandedly carry the value of Capital One miles.

Just remember that you should always compare the cash price of your ticket before transferring points. In some cases, it may be better to buy a cash ticket and then redeem Capital One miles to offset your recent travel purchase.

Additional reporting by Katie Genter.

Featured photo by Eric Helgas/The Points Guy.

Capital One® Venture® Rewards Credit Card

SIGN-UP BONUS: Up to 100,000 Miles

TPG'S BONUS VALUATION*: $1,400

CARD HIGHLIGHTS: Miles are now transferrable to several airline partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Redeem on travel—from vacation rentals to car rentals and more. Plus transfer your miles to over 10+ travel loyalty programs
  • Named ‘Best Stand-Alone Card' by The Points Guy, 2019
  • No foreign transaction fees
Intro APR on Purchases
N/A
Regular APR
17.24% - 24.49% (Variable)
Annual Fee
$95
Balance Transfer Fee
$0
Recommended Credit
Excellent, Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.