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You can redeem Capital One miles at a fixed rate or transfer them to airline and hotel partners.
Some partners are much better than others, and a few should be avoided because of poor value.
Always compare how many miles you’d transfer with what you’d need to erase a paid travel purchase.
Read Insider’s guide to the best rewards credit cards.
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Historically, Capital One miles have been fixed-value rewards, with each mile worth 1 cent toward erasing travel purchases from your statement. A few years ago, Capital One introduced the option to transfer your miles to a variety of airline and hotel loyalty programs, and most recently added four new partners and improved some transfer ratios.
The ability to transfer your Capital One miles can potentially increase their value, depending on the partner and the specific award flight or hotel stay you book.
Related Article Module: Capital One cardholders have more options for using their miles than ever — here are the best ways to redeem, from covering air travel to earning cash back
As with other transferable points programs, some Capital One partners are better than others. Before you transfer miles to a partner, always compare the number of Capital One miles you’ll need to transfer for an award to the cash cost of the ticket or room. That’s because you can often spend fewer miles by redeeming them at a rate of 1 cent each to offset the purchase of paid travel — and it’s especially true nowadays when many routes and destinations are on sale.
Read Insider’s 2021 points and miles valuations to find out more about how much your rewards are worth, including Capital One miles.
While it’s certainly possible to get more than 1 cent per mile in value by transferring your miles and booking an award, that’s not always the case. You should also account for the fact that if you use Capital One miles at a fixed rate to pay for a flight or stay, you’ll also earn airline miles or hotel points from the ticket because it’s like you paid cash.
Capital One transfer partners — complete list
Aeromexico Club Premier (1:1 ratio)
Air Canada Aeroplan (2:1.5 ratio)
Air France-KLM Flying Blue (2:1.5 ratio)
Alitalia MilleMiglia (2:1.5 ratio)
ALL – Accor Live Limitless (2:1 ratio)
Avianca LifeMiles (1:1 ratio)
British Airways Executive Club (2:1.5 ratio)
Cathay Pacific Asia Miles (1:1 ratio)
Choice Privileges (1:1 ratio — joining later in 2021)
Emirates Skywards (2:1 ratio)
Etihad Guest (1:1 ratio)
EVA Infinity MileageLands (2:1.5 ratio)
Finnair Plus (1:1 ratio)
JetBlue TrueBlue (2:1.5 ratio)
Qantas Frequent Flyer (1:1 ratio)
Singapore KrisFlyer (2:1 ratio)
TAP Air Portugal Miles&Go (1:1 ratio)
Turkish Airlines Miles&Smiles (2:1.5 ratio)
Wyndham Rewards (1:1 ratio)
Occasionally Capital One offers transfer bonuses, so it’s worth keeping an eye out if there’s an award you want to book.
How to earn Capital One miles
Capital One® Venture® Rewards Credit Card
You can earn Capital One miles from welcome bonuses and spending on several different
Source:: Business Insider