The Capital One mileage program has just added its newest transfer partner. It’s great to have more options, though the value proposition here isn’t that great.
Transfer Capital One miles to Choice at a 1:1 ratio
The Capital One mileage program has just added Choice Privileges as its newest transfer partner. We knew this was coming — in April 2021, Capital One announced huge improvements to its mileage transfer program, including adding Choice Privileges as a transfer partner in late 2021. It looks like that finally did happen, though perhaps a couple of days late.
Capital One miles convert into Choice Privileges points at a 1:1 ratio, and transfers are instant. Keep in mind that many Capital One cards, like the the Capital One Venture X Rewards Credit Card (review), earn 2x Venture miles per dollar spent, so you could be earning more than one Choice point per dollar spent.
Capital One is the second transferable points currency to add Choice Privileges. In October 2021, Citi ThankYou added Choice Privileges as a transfer partner. However, points there transfer at a 1:2 ratio, so transfers through Citi ThankYou are a much better deal.
Is transferring Capital One miles to Choice Privileges worth it?
Admittedly Choice Privileges is a pretty niche hotel loyalty program, at least if you’re based in the United States, and if your goal is to redeem for luxury travel. That being said, there are some good uses of Choice points, and the transfer ratio here is quite good:
- When Choice Privileges has promotions on purchased points, the cost is typically well under one cent per point; given that Capital One miles can be redeemed for a cent each towards the cost of a travel purchase, there aren’t many cases where taking advantage of this would represent a good deal
- Generally speaking, Choice Privileges charges anywhere from 8,000 to 35,000 points per night (excluding some properties in Asia-Pacific, which are more expensive), so at a 1:1 transfer ratio, that’s like paying 8,000 to 35,000 Capital One miles per night
So while there’s absolutely value to be had with the Choice Privileges program, I don’t think there are many situations where transferring Capital One miles at a 1:1 ratio is a good deal, given the opportunity cost.
Capital One has added Choice Privileges as its 17th transfer partner, and third hotel transfer partner. It’s always great to see more redemption opportunities with points, though with a 1:1 transfer ratio, I wouldn’t recommend taking advantage of this. That simply comes down to Choice Privileges points often being sold for under a cent each, so there’s no reason to transfer such a valuable currency to acquire these points.
Could you see yourself transferring Capital One miles to Choice Privileges?
(Tip of the hat to Frequent Miler)