In late 2018, Capital One introduced the ability to convert Venture and Spark miles into airline miles, essentially creating a new transferable points currency.
Continue reading: Capital One Miles Transfer 1:1 To Most Airlines
Share your questions, experiences, and thoughts below.
Wow, this a big deal. This actually makes Cap 1 points more valauble than Amex membership rewards. Even with bonuses, membership rewards never reaches 2x for transfers.
Wow, this is huge.
Suddenly, doesn't this become the best all-around card?
- Yes, it's $95.
- And unlike Citi, I don't need to take out two cards
- And while I generally would still prefer Amex MR, given their bonused transfers, Biz Blue+ downside is the $50k spend. So if I hit that, or I can't get a biz card, the CapitalOne card seems the best choice?
Amex is still the most valuable imo. The transfer bonuses are so frequent and the ecosystem is much better. Plus it’s nearly impossible to get approved for capital one from my experience. Still… a very nice change and they’re tempting me to apply again. I guess they just don’t like people with 800+ credit scores.
Citi with 3 cards gives you 2x on everything, 3x on dining, groceries, gas, hotels, flights and 10% back on Thank you point redemptions.
I personally don't see any issue to holding multiple cards. The bigger benefit is capital one has Aeroplan and Avios as partners, which could be more worthwhile.
I have a Capitol One venture but can’t get approved for anything else. My 790 credit score 0% debt ratio and the fact I’ve always managed my credit perfectly must scare the crow out of them. I have only opened 3 cards in the passed 2 years. Capital One won’t approve me because …… ????
This isn't 2x on transfers. It's 1:1 transfers, and the Venture gives you 2x points per $1. Amex is also 1:1 transfer, and Amex has thr the Gold with 4x on dining, groceries, 3x flights, BBP is 2x everything. Green is 3x dining, travel. Platinum is 5x flights.
To me, the bigger impact is on Citi. Citi Premier gives you 3x on a lot of different categories, but I would argue the transfer partners are weaker (assuming AA isn’t made permanent), and you can do better than Citi Premier bonus categories via Amex. Amex still gives you 5x and 4x on important categories, along with many more other perks.
Between AMEX and Citi, one has all the bases covered at good earn rates. Capital One has no airline transfer partner that another card issuer doesn't have. (Yes, it has Accor Hotels as a transfer partner.) Capital One has no points earn rate that another card issuer doesn't have. For the vast majority of people, Capital One offers no differentiated value. Sign-up bonus only and move on.
Great for Capital One cardholders. Upset I've been rejected for this card twice with a ~815 FICO (apparently for being 5/24 and "too many revolving accounts").
When the Venture card launched they sent me pre-approved offers every week. When I didn't bite they totally stopped sending them. Now I kind of wish they'd try again
For those of us that living internationally, it is huge news because this is now the best all-round card(s) with no foreign transactions fees.
Great news. I have some international travel planned and I'm thinking about grabbing the venture card now in light of this development. Is the current 60k sign up bonus typical, or have you seen higher/lower recently?
I am grandfathered in to the $59 AF. I gorged on the 10x hotels.com perk, but since that ended, I’ve used it only where Amex is not accepted. I last disputed a canceled Nile Air flight. Capital One requested more documentation via fax or snail mail. Really? I’ve had Amex disputes drawn out, but at least I can upload my evidence. I should downgrade to VentureOne now that I think about it.
I have the venture card. It was my first travel card ever and second credit card. I kept it all these years because they kept waiving the AF. Last year they did not waive the AF. I ended up keeping it anyway but this spring if they refuse to wave the AF again I will likely toss it. I have the amex business blue and that has no AF so really I don't feel like this card is giving much value. I could see the value for people with a lot of international spend that doesn't fall into bonus categories of their other cards though. I would need to crunch the numbers to see if I spend enough internationally to offset the AF.
I literally transferred points this morning like hours before this happened
*cries*