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Capital One has again announced that they are making some big league moves to their loyalty program. If you remember, a couple of years ago they introduced transfer partners which sprung Capital One out of the cashback only system and into a different league. While this was a great move, what made it more complicated than competitors was the 4:3 transfer ratio on most of their transfers. If you’ll recall, this improved in April when they gave 9 of those partners a 1:1 transfer ratio. They gone and done it again…now, every single partners, except Accor and EVA are 1:1. This makes Cap1 a top tier competitor in my mind.
Here’s the new list of Capital One transfer partners
| Transfer partner | Ratio |
|---|---|
| Aeromexico | 1:1 |
| Air Canada / Aeroplan | 1:1 |
| Air France / Flying Blue | 1:1 |
| Avianca LifeMiles | 1:1 |
| British Airways Avios | 1:1 |
| Cathay Pacific Asia Miles | 1:1 |
| Emirates Skywards | 1:1 |
| Etihad Guest | 1:1 |
| EVA Infinity MileageLands | 1:1 |
| FinnAir Plus | 1:1 |
| Qantas Frequent Flier | 1:1 |
| Singapore Airlines Krisflyer | 2:1 |
| Tap Air Portugal Miles&Go | 1:1 |
| Turkish Airlines Miles&Smiles | 1:1 |
| Accor Live limitless | 2:1 |
| Choice Privileges | 1:1 |
| Wyndham Rewards | 1:1 |
Capital One has readjusted another 5 of their partners to 1:1
In total, by the end of October, Capital One will have 17 transfer partners – 15 are now 1:1
This is another great improvement. Emirates SkyWards is one of my favorite programs and it just moved from 2:1 to 1:1. That’s pretty massive
- Air Canada Aeroplan
- Air France Flying Blue
- British Airways Avios
- Emirates SkyWards
- Turkish Miles and Smiles
You can redeem 85k Cap1 Miles and transfer them to Emirates to fly First Class from the US to Milan
Remember, Capital One added 4 new transfer partners over the course of 2021, but are losing JetBlue and Alitalia later this month
The following programs were added over the past several months
- British Airways Executive Club,
- Choice Privileges
- TAP Air Portugal Miles&Go
- Turkish Airlines Miles&Smiles
One of my favorite uses of British Airways Avios is to upgrade a class of service. I’ve done this a few times upgrading discount business class to first class
You can use Turkish miles to fly for just 45k miles in business class from the US to Europe like on SAS shown below
Don’t forget the Capital One Venture Rewards earns 2 points on every dollar spent
On 9 transfer partners you’ll be earning the equivalent of 2 points for every dollar you spend. Most of the others you’ll continue to earn the equivalent of 1.5 and a few will be just 1.
Overall
I get a lot of requests to do trips with Cap1 miles on TikTok – now those will be far easier to highlight and illustrate how rewarding this program can really be with the new transfer partners and better transfer rates.
VERY WELCOMED NEWS! BRAVO CAP!
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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