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News
Capital One simplifies how you redeem miles, adds 6 more airlines to its 1:1 transfer tier
Chris was a reporter at The Points Guy, where he covered the intersection of credit card rewards and travel. At TPG, he wrote a broad array of stories ranging from in-depth features and reports to trending travel news as it related to loyalty, card benefits and consumer behavior.
October 7, 2021 • 8 min read
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Quick summary
A major rewards program has improved its transfer ratio to 1:1 for six additional airline partners, including Aeroplan, Flying Blue, Avios, Skywards, KrisFlyer and Miles&Smiles.
Now, 15 out of 18 total transfer partners offer a 1:1 transfer rate, enhancing the program's competitiveness with similar offerings from other issuers.
These updates make it easier for members to maximize value with both airline and hotel partners, including notable sweet spots like flights to Hawaii and upscale hotel redemptions.
The program continues to expand, with more partners and new airport lounges on the horizon.
What to consider
Three partners still have less favorable transfer ratios, so not all options provide equal value.
Some transfer bonuses or improved ratios are time-sensitive, such as the 50% transfer bonus to Etihad Guest ending October 31, 2021.
Choice Privileges will join as a 1:1 transfer partner later in the year, further expanding options.
What you'll miss from the article
Detailed examples of optimal transfer strategies and specific sweet spots for maximizing travel value with the updated program.
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 has made another set of sweeping changes to its reward miles program.
Now, Capital One miles transfer at an improved 1:1 ratio to six more of its travel partners, including Air Canada Aeroplan, Air France KLM Flying Blue, British Airways Avios, Emirates Skywards, Singapore KrisFlyer and Turkish Airlines Miles&Smiles.
Only transfers to Accor Live Limitless and EVA Infinity MileageLands continue at less advantageous rates.
The move puts Capital One's rewards program onto a more equal footing compared to competitors such as American Express Membership Rewards and Chase Ultimate Rewards. Here's what else you need to know about these developments, and what makes them so compelling.
The issuer also plans to launch its own network of airport lounges with the first opening at Dallas-Fort Worth (DFW) this fall.
Today's announcement ranks as another major step forward for Capital One's miles program and improves the value that cardholders can expect to get from their hard-earned rewards.
Six partners become more valuable
In the table below, you can see that the following six programs have moved from either the 2:1.5 transfer ratio or 2:1 transfer ratio to a much more simple (and valuable) 1:1 transfer ratio.
Transfer partner
Previous transfer ratio
New transfer ratio (as of Oct. 7, 2021)
Air Canada Aeroplan
2:1.5
1:1
Air France KLM Flying Blue
2:1.5
1:1
British Airways Avios
2:1.5
1:1
Emirates Skywards
2:1
1:1
Singapore KrisFlyer
2:1
1:1
Turkish Airlines Miles&Smiles
2:1.5
1:1
And when transfer partners become more worthwhile to use, so too does the program overall.
This brings Capital One's rewards program more in line with that of other credit-card issuers, such as Chase, whose Ultimate Rewards points transfer on a 1:1 basis to its 14 airline and hotel partners.
18 total transfer partners
(Photo by Chris Dong/The Points Guy)
Speaking of transfer partners...Capital One currently features 18 of them: 14 airline frequent-flyer programs and three hotel loyalty programs. Now, a total of 15 of them will enjoy the 1:1 transfer basis, with three lagging behind. Here's where they stand.
Transfer partner
Transfer ratio
Notes
Aeromexico Club Premier
1:1
Air Canada Aeroplan
1:1
Improved ratio as of Oct. 7, 2021
Air France-KLM Flying Blue
1:1
Improved ratio as of Oct. 7, 2021
Avianca LifeMiles
1:1
Accor Live Limitless
2:1
British Airways Avios
1:1
Improved ratio as of Oct. 7, 2021
Cathay Pacific Asia Miles
1:1
Choice Privileges Hotels
1:1
Coming later 2021
Emirates Skywards
1:1
Improved ratio as of Oct. 7, 2021
Etihad Guest
1:1
50% transfer bonus from Oct. 1 through Oct. 31, 2021
EVA Infinity MileageLands
2:1.5
Finnair Plus
1:1
Qantas Frequent Flyer
1:1
Singapore KrisFlyer
1:1
Improved ratio as of Oct. 7, 2021
TAP Air Portugal Miles&Go
1:1
Turkish Airlines Miles&Smiles
1:1
Improved ratio as of Oct. 7, 2021
Wyndham Rewards
1:1
As previously announced, Choice Privileges will launch with a 1:1 ratio later this year.
Most notably, this change means that you can now effectively earn 2 airline miles (or 2 hotel points) with the six additional partners (for a total of 15) for every dollar you spend on the Capital One Venture Rewards Credit Card or the Capital One Spark Miles for Business — without needing to worry about maximizing bonus categories.
Simply put, that’s a fantastic new value proposition for both of these cards.
Among the best transfer options to keep in mind with Capital One mIles, you can use British Airways' Combine My Avios feature to effectively transfer to Iberia Plus, too — by transferring your Capital One miles to British Airways and then from there to Iberia (as long as your accounts have been open 90 days). With business-class flights on Iberia from the U.S. to Madrid (MAD) starting at just 34,000 Avios one-way and requiring minimal fuel surcharges, this can be an outstanding new option for your miles.
Meanwhile, the Miles&Smiles program can be a great option for snagging Turkish-operated flights to Europe. It also offers perhaps the single best domestic award sweet spot within the U.S.: United flights from the lower 48 to Hawaii for just 7,500 miles each way. With the new 1:1 transfer ratio, that means that just you'll need just 7,500 Capital One miles to get a one-way flight from the mainland to the Aloha State.
The Choice Privileges program is another excellent option that should soon be available, and some TPG staffers see it as an incredibly underrated hotel loyalty program. Sure, it has budget hotels like Econo Lodge and Comfort Inn, but you can also redeem points at upscale brands like Ascend Hotel Collection and Cambria Hotels.
Finally, while TAP Air Portugal Miles & Go won’t be as exciting to most TPG readers as BA and Turkish, the addition of its Miles&Go program highlights another key part of Capital One’s announcement.
These latest announcements make the current sign-up bonus on the Capital One Venture card even more attractive. As a reminder, new cardholders can earn 75,000 bonus miles after spending $4,000 on purchases within the first three months of account opening. (Photo by The Points Guy)
When you consider that you’ll earn 2 miles per dollar spent on the card, spending $4,000 to earn the full sign-up bonus will earn another 8,000 miles — meaning that new cardholders could take home 83,000 miles through this offer.
With a 1:1 transfer ratio for 15 partners, you can earn 83,000 points or miles on a wide array of airlines (and their respective alliances) and hotels.
Or, if you don’t want to research and maximize the transfer partners, you can use those miles at a fixed value to offset $830-worth of travel purchases on your account.
Over the past few years, Capital One has announced impressive improvements to the Capital One Rewards program. This latest addition of six more transfer partners that convert at 1:1 ratio means more value for existing and prospective Capital One cardholders. Redeeming miles is easier than ever before and with an already-existing simple earning structure, Capital One Rewards just got a lot more compelling.
This all is on top of news from earlier this year including four more transfer partners, the new 1:1 transfer tier and more details on upcoming airport lounges.
If you thought Capital One miles were good before, they’ve gained additional value with these updates.
Additional reporting by Stella Shon and Nick Ewen.
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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.
