Capital One shocked the mileage world when they announced that their points would be transferable into real airline miles.
Eligible cards include:
- The Capital One® Spark® Miles for Business is offering 50,000 miles for spending $4,500 in 3 months.
- The Capital One® Venture® Rewards Credit Card is offering 50,000 miles for spending $3,000 in 3 months.
Those cards earn 2 points per dollar spent everywhere.
The 2 points per dollar earned can be used to offset paid travel at 2% back, or they can be transferred into miles. That means you’ll always get a good value for your points.
You can also convert cashback rewards from cards like The Capital One® Spark® Cash for Business into Capital One mileage cards for transfers to airlines.
Today they announced that their points will be transferable into Accor points at a 2:1 ratio and into Wyndham points at a 2:1.5 ratio.
2,000 Accor points are worth 40 Euros (currently $44.25) off your hotel bill, so each point is worth about 2.21 cents. Capital One points are normally worth 1 cent towards paid travel, so with this option you’ll get a value of 1.1 cents towards Accor hotels, such as Fairmont hotels. There’s no amazing value there, but it’s better than nothing. If the value of a Euro climbs then this option will become more valuable, while if the Euro falls this option will be less valuable.
Wyndham points can be valuable, but they have been on sale for as low as 0.93 cents each, making for a poor transfer value at a 2:1.5 ratio as 2 Capital One points are worth 2 cents.
Transfers from Capital One to JetBlue points previously had a 2:1 transfer ratio, but that is being improved to 2:1.5.
JetBlue points typically have a value between 1.1-1.6 cents each, though they also run promotions where points have an increased value and if you have a JetBlue card you’ll also get a 10% points rebate. If you can get a value of 1.35 cents or more then it can make sense to transfer points to JetBlue.
Capital One tells me that they are still actively adding new transfer partners as well!
You can transfer points from Capital One into these 14 programs at a 2:1.5 ratio:
- Aeromexico (SkyTeam)
- Air Canada Aeroplan (Star Alliance)
- Air France/KLM Flying Blue (SkyTeam)
- Alitalia (SkyTeam)
- Avianca LifeMiles (Star Alliance)
- Cathay Pacific Asia Miles (OneWorld)
- Etihad (No alliance)
- EVA (Star Alliance)
- Finnair (OneWorld)
- Hainan (No alliance)
- JetBlue (No alliance)
- Qantas (OneWorld)
- Qatar (OneWorld)
You can transfer points from Capital One into these 3 programs at a 2:1 ratio:
- Emirates (No alliance)
- Singapore (Star Alliance)
With the addition of Accor, you can also transfer points to the following airlines via Accor at a 2:1 ratio:
- Iberia (Which can also be transferred to British Airways)
- Virgin Australia
Will you transfer Capital One points to Accor, JetBlue, or Wyndham?