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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
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Best Ways to Maximize the Capital One Emirates Transfer Bonus
Ethan's been a frequent flier for as long as he can remember, from studying abroad in Paris to moving to Shanghai after graduating college, where he served as TPG's eyes and ears for all things travel in the Asia-Pacific region. If you asked him where he wants to travel next he'd quote Anthony Bourdain and tell you "anytime I'm eating spicy noodles in a bowl, I'm happy."
March 19, 2019 • 8 min read
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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Quick summary
A limited-time transfer bonus allows cardholders to transfer points to Emirates at an improved 1:1 ratio until March 24, making Emirates redemptions more appealing.
Emirates Skywards miles can be used for flights on Emirates, upgrades, and partner airline awards, though high taxes and fees may apply, especially for premium cabins.
Fifth-freedom routes and partner awards, such as those with JetBlue, Alaska Airlines, and Japan Airlines, offer notable value and flexibility for travelers.
Creative routing and understanding partner award charts can help minimize surcharges and maximize the value of transferred points.
What to consider
The transfer bonus to Emirates is only available through March 24 and may no longer be available after that date.
Taxes and fees, especially fuel surcharges, can be significant on Emirates awards, depending on the departure city and cabin class.
Some partner awards require round-trip bookings, and availability or class restrictions may apply.
What you'll miss from the article
Detailed strategies for maximizing Emirates and partner airline awards, including specific routes, sweet spots, and tips to reduce taxes and fees.
Generated by AI with support from our editorial team.
Update: Some offers mentioned below are no longer available. View the current offers here.
Capital One's foray into the world of transferable points has been a huge value-add to customers who have the Capital One Venture Rewards Credit Card or the Capital One Spark Miles for Business card. When the transfer ability launched in December 2018, there were originally 12 partners available, but shortly after the launch, Singapore KrisFlyer and Emirates Skywards were added.
Points transfer at a 2:1.5 ratio to all partners, except the latecomers Singapore and Emirates which transfer at a 2:1 ratio. While we're used to seeing 1:1 transfers from most points programs, this set up makes sense given that the Venture and Spark cards earn 2x miles per dollar spent on almost all purchases.
The addition of transfer partners took two great fixed-value cards and made them competitive in the world of transferable points. Now, Capital One is offering even more value to its cardholders with a limited time transfer bonus. Until March 24th, Capital One is offering a 100% bonus on transfers to Emirates. This brings the ratio up to 1:1, and means that the Venture and Spark cards will effectively be earning 2x Emirates miles per dollar spent.
The Emirates Skywards program isn't known for offering an outsized amount of value, but between flights on Emirates and its surprisingly large list of partner airlines, there are a few deals worth mentioning. Let's take a look at some of your best options to maximize this transfer bonus.
Flights on Emirates Metal
While Emirates owes much of its success to the way it built Dubai (DXB) into a hub for connecting passengers, US based travelers will actually get a better value targeting shorter flights instead. A one-way business class award from New York (JFK) to Dubai costs 100,000 miles and $843 in taxes, hardly a redemption to write home about. Unfortunately things get even worse for the rest of the country, with one-way economy awards from Los Angeles (LAX) to Dubai pricing out at over 70,000 miles.
Instead, you should consider looking at one of Emirates many fifth-freedom routes around the globe. Two of these routes connect the US and Europe, with Emirates operating an A380 from JFK to Milan (MXP), and a Boeing 777-300ER from Newark (EWR) to Athens (ATH). The costs for one-way awards on these routes aren't brag-worthy deals, but in every class of service Emirates will offer you a better flight experience than the US legacy carriers it competes with on these routes.
Here are the one-way award costs and taxes for both routes, and you can see the massive jump in fuel surcharges for those looking to fly in a premium cabin:
One of the trickiest things about booking Emirates first class awards is minimizing or avoiding the massive fuel surcharges the carrier tacks on. Since these taxes are based almost entirely on your departure city, a bit of routing creativity can save you a lot of money. You can check out this guide for some of the cheapest cities to depart from, including Hong Kong (HKG), Sydney (SYD) and Auckland (AKL).
Emirates' first class suite on the Boeing 777 (Photo by Zach Honig/TPG)
Upgrades
Emirates' massive fleet of high-capacity jumbo jets gives it the ability to frequently offer competitive fares on many routes. You can book a cheap cash ticket and use your miles to upgrade, which might be cheaper than booking a premium cabin award outright given how high the fuel surcharges can get. Depending on the fare code of your ticket, an upgrade from economy to business class would cost anywhere between 30,000 and 57,500 miles on the New York to Milan route.
Emirates also routinely offers cheap premium cabin fares for flights departing Colombo, Sri Lanka (CMB). You could book this $2,700 business class ticket to New York, and upgrade to first class for ~70,000 miles or less. This would give you all the trimmings of Emirates first class on your long trip, including access to the comically oversized first class lounge in Dubai where you can board directly onto the upper deck of the A380.
Partner Awards
While Emirates isn't a member of one of the three major alliances, it does have a unique and underrated collection of airline partners. One of these is JetBlue, which normally uses a revenue based pricing system for its TrueBlue loyalty program, but has a fixed award chart for flights booked through Emirates. The chart (which you can access here) is rather confusing, as it lists the price for every individual city pair you can fly too as opposed to using regions or flight distances. It also appears that only economy awards are available (sorry, no Mint), but many of the prices are quite reasonable.
Flights start at 7,500 miles each way for short hops like Boston (BOS) to Laguardia (LGA) and Ft. Lauderdale (FLL) to Nassau (NAS), and the majority of flights appear to price out at 11,500 miles or less each way. You can use this fixed award chart to your advantage when JetBlue fares are high, but when cash prices are low you might get a better deal booking directly with JetBlue.
Before we move on to international partner awards, it's worth taking a look at Alaska Airlines. Like most of Emirates partners, you can only book round-trip awards with Alaska. While all domestic flights are reasonably priced, the sweet spot is 40,000 miles for a round-trip economy award to Hawaii.
Emirates also partners with Japan Airlines, and while the prices aren't quite as low as if you booked directly with JAL or with Alaska Airlines, this can be a great value if you're trying to use Capital One miles to get to Japan or Australia. Flights from the US to Japan are reasonably priced in both economy and business class at 60,000 and 125,000 miles round-trip respectively, and while first class is pricey at 185,000 miles round-trip, JAL absolutely delivers with a world-class experience.
What might be even more valuable is flying from the US to Australia on JAL with a stop in Tokyo. Australia and New Zealand are some of the hardest destinations to visit on points and miles, given the limited flight options and intense competition for award space. Breaking up the trip with a stop in Asia can help solve both of these problems and give you more flexibility. It's interesting to note that flights from the US to Australia cost the same as "Asia 2," normally the South Pacific is broken off into its own separate and more expensive region.
Another option to get to Australia is to route through Seoul (ICN) on Korean Air. Korean Air doesn't release first class award space to partners, but you can book round-trip economy and business class awards at the following rates:
Economy: 110,000 miles
Business: 165,000 miles
If you're just flying from the US to Seoul, the prices drop to 70,000 miles round-trip in economy and 105,000 in business class.
One last sweet spot that's both incredibly niche and incredibly cheap has to do with South African Airways' fifth freedom route between Washington DC (IAD) and Dakar, Senegal (DSS). Virgin Atlantic lets you book this route for only 40,000 miles round-trip in economy, while Emirates charges 48,000 miles. If you wanted to continue on to Johannesburg (JNB), your costs would more than double to 100,000 miles round-trip.
Bottom Line
While more transfer options is always a good thing, at a 2:1 ratio, Emirates is usually a tough sell for how to redeem your Capital One miles. This limited time transfer bonus which doubles the ratio to 1:1 makes Emirates a much more appealing option. If you choose to fly on Emirates you can expect a high level of service (as well as high award costs and fuel surcharges), but you might find your best value redemptions lurking in one of Emirate's poorly advertised partnerships.
Comments
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
