Last December Capital One introduced a transferrable points currency for their Venture and Spark products, which was an exciting development.
The Venture and Spark cards were previously useful for earning rewards that could be redeemed as cash towards a travel purchase, though the miles can now be transferred to airlines as well.
I’ve been impressed that Capital One has continued to improve the program since introducing it. We’ve seen them add more transfer partners, and have also seen them offer useful transfer bonuses.
As a reminder, Capital One currently has 15 transfer partners:
|Transfer Partner||Transfer Ratio|
|Aeromexico (Club Premier)||2 : 1.5 | 1000 : 750|
|Air Canada (Aeroplan)||2 : 1.5 | 1000 : 750|
|Air France KLM (Flying Blue)||2 : 1.5 | 1000 : 750|
|Alitalia (MilleMiglia Program)||2 : 1.5 | 1000 : 750|
|Avianca (LifeMiles)||2 : 1.5 | 1000 : 750|
|Cathay Pacific (Asia Miles)||2 : 1.5 | 1000 : 750|
|Emirates (Emirates Skywards)||2 : 1 | 1000 : 500|
|Etihad Airways (Etihad Guest)||2 : 1.5 | 1000 : 750|
|EVA Air (Infinity MileageLands)||2 : 1.5 | 1000 : 750|
|Finnair (Finnair Plus)||2 : 1.5 | 1000 : 750|
|Hainan Airlines (Fortune Wings Club)||2 : 1.5 | 1000 : 750|
|JetBlue (JetBlue TrueBlue)||2 : 1 | 1000 : 500|
|Qantas (Qantas Frequent Flyer)||2 : 1.5 | 1000 : 750|
|Qatar Airways (Privilege Club)||2 : 1.5 | 1000 : 750|
|Singapore Airlines (KrisFlyer)||2 : 1 | 1000 : 500|
New Capital One transfer bonus to LifeMiles
As of tomorrow (July 1, 2019) Capital One will be offering a 25% bonus on points transfers to LifeMiles. This transfer bonus will be valid from 12:01AM ET on July 1 through 11:59PM ET on July 30. Here’s how transferring Capital One miles to airline partners works.
Capital One miles normally transfer to LifeMiles at a 2,000:1,500 ratio. This is as good as Capital One transfer ratios get.
That means right now you can convert Capital One miles into LifeMiles at a 2,000:1,876 ratio, which I’d consider to be much better. That’s a very good transfer ratio.
The best Capital One cards
If you’re excited by the prospect of this but don’t yet have a Capital One card, consider the Capital One® Venture® Rewards Credit Card and Capital One® Spark® Miles for Business earn unlimited 2x miles per dollar spent.
Put another way, you’d be earning 1.876 LifeMiles per dollar spent if taking advantage of this transfer bonus, which is awesome.
Both cards are offering welcome bonuses of 50,000 miles, both cards have annual fees waived for the first year, and both cards offer unlimited 2x miles per dollar spent. These are excellent cards for anyone looking for straightforward travel rewards credit cards.
This is Capital One’s fourth transfer bonus in the short time that they’ve had a transferrable points currency, which is really impressive.
I would note that LifeMiles is transfer partners with Amex, Capital One, and Citi, so there are lots of ways to earn miles with them. Furthermore, they often sell miles at a discount.
I’d say transferring Capital One miles to LifeMiles could represent a great deal during this promotion. For more on redeeming LifeMiles, see this post.
Lastly, keep in mind that Capital One has been offering a 20% bonus on Flying Blue transfers for the entire month of June, so you can still take advantage of that today.
Do you plan on transferring Capital One miles to LifeMiles with a 25% bonus?