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Big League move. Capital One now has 15 transfer partners at 1:1 ratio

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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 partnerRatio
Air Canada / Aeroplan1:1
Air France / Flying Blue1:1
Avianca LifeMiles1:1
British Airways Avios1:1
Cathay Pacific Asia Miles1:1
Emirates Skywards1:1
Etihad Guest1:1
EVA Infinity MileageLands1:1
FinnAir Plus1:1
Qantas Frequent Flier1:1
Singapore Airlines Krisflyer2:1
Tap Air Portugal Miles&Go1:1
Turkish Airlines Miles&Smiles1:1
Accor Live limitless2:1
Choice Privileges1:1
Wyndham Rewards1:1

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

British Airways 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.

Capital One Venture Rewards


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.


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The Chase Sapphire Preferred is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based. 

Welcome Offer

60k Points after $4k spend in 3 months

80k offer in branch currently – I think this should be online soon

Annual Fee


Points Earned

Transferrable Chase Ultimate Rewards

Super solid welcome offer.

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.

  • 3x on dining
    •  including eligible delivery services for takeout
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • 5x on all travel purchased through Chase Ultimate Rewards – Chase Travel Portal
  • $50 Annual Credit on hotel stays purchased via Ultimate Rewards/Chase Travel
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 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 Portal and the slew of other benefits remain in tact including primary rental car insurance, purchase protections, etc.
  • Points are transferrable to 13 Ultimate Rewards partners
  • Redeem in the Chase Travel center for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Primary rental car coverage is my favorite

There is currently an 80k offer after $4k spend in 3 months available in branch, and up to 90k after $6k spend in 6 months. I suspect some version of this will be online soon if you don’t want the hassle of going into a branch.

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 60k is a very, very good offer. 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. 


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