Capital One Miles: How To Earn & Redeem Them For Maximum Value

Hey Ben, I did a capital one transfer to Cathay last year and it was done pretty close to instant. Maybe it has changed?

Just transferred 75k C1 miles to Wyndham for a five night stay in Kauai, $2,700 cash price, 3.6 cpp. Amazing deal!!

You can usually buy Wyndham points for around a penny a point. 15K/night x 5 nights=75K Wyndham points, which could be bought for ~$750. You are getting nice value but it really is closer to 1 CPP. Wyndham in Kauai (and other places) offer a nice arbitrage with fixed award pricing, variable cash pricing, and points cheaply available in cash (somewhat similar to IHG and Hilton at times).

I've had the Venture X for 1.5 years now, and I'm not thrilled with the value of the points. I understand why you'd value them equally, but compared to Chase, Citi, and Amex, it seems there are fewer transfer bonuses. Transfer bonuses have significantly boosted my return on investment with points, and it feels like Capital One hasn't been as lucrative for that reason. It's hard to quantify, since historical transfer deals don't predict future ones, but it feels like it's the case.

It's a real bummer, too, because my main reason for Capital One was to get Turkish Miles, and they devalued the 45k NA to Europe 2 awards a month before I earned my signup bonus.