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Cardholders of the Capital One Venture Rewards Credit Card and Capital One Spark Miles for Business credit cards have access to extra perks. The new Capital One travel rewards include 1:1 transfers and 2 new airport lounges.

A rendering of the new Capital One lounge. Credit: Capital One

1:1 Transfers

The Capital One travel credit cards have airline and hotel mile transfer partners. One downside until now is that Capital One miles cannot transfer at a 1:1 ratio but instead at a 2:1 or 2:1.5 ratio.

Capital One’s inferior transfer ratio is why American Express Membership Rewards and Chase Ultimate Rewards have been better loyalty programs as they offer 1:1 transfer ratios.

That’s changing now as Capital One starts offering 1:1 mile transfers, beginning on April 20, 2021.

Participating in 1:1 mile transfers include:

  • Avianca LifeMiles
  • Etihad Guest
  • Asia Miles
  • AeroMexico Club Premier
  • Finnair Plus
  • Qantas Frequent Flyer
  • Wyndham Rewards
  • TAP Air Portugal
  • Choice Hotels

The remaining transfer partners have the standard 2:1 and 2:1.5 ratio. Some of the other partners include Singapore Airlines, Emirates, JetBlue, and Air France FlyingBlue.

Related: How To Redeem Capital One Venture Miles For Maximum Value

4 New Transfer Partners

Capital One is offering 4 new transfer partners to offer more than 15 airline and hotel partners.

  • TAP Air Portugal
  • Choice Hotels (Choice Privileges)
  • British Airways Avios
  • Turks Airlines Miles & Smiles

TAP Air Portugal and Choice Privileges are 1:1 transfer ratios. However, the other two new additions have a 2:1.5 ratio.

The three airline transfer partners begin accepting Capital One miles on April 20, 2021. Hotel partner Choice Privileges will onboard with Capital One later in 2021.

Like the current airline transfer partners, these new airliners are best for international travel. It’s also possible to book domestic award flights with alliance partners.

Two New Capital One Lounges

Capital One is starting to offer airport lounges in US airports. The first lounge opens at Dallas/Ft. Worth Airport (DFW) in the summer of 2021. A second lounge is opening in 2022 at Dulles International Airport (IAD) in the Washington, DC metro area.

Lounge amenities will include:

  • High-speed Wi-Fi
  • Grab and Go food and beverages
  • Dining stations
  • Fully-stocked bar
  • Coffee bar
  • Quiet work areas with charging stations
  • Relaxation rooms
  • Soundproof multi-faith prayer rooms
  • Luggage lockers
  • Cycling and yoga rooms
  • Shower suites

These lounges are family-friendly which can be beneficial for travel parties that will avoid a Centurion Lounge due to its recent pricing changes.

Lounge pricing hasn’t been announced yet. However, Capital One cardholders with certain cards can get an entry discount. The discounts will most likely apply to these four cards:

  • Capital One Venture Rewards Credit Card
  • $0 annual fee Capital One VentureOne Rewards Credit Card
  • Capital One Spark Miles for Business
  • Capital One Spark Miles Select for Business

As we are still in the midst of the current coronavirus pandemic, lounge safety measures include mandatory masks, social distancing, temperature checks, and prepackaged food.

Revamped Capital One Travel Portal

Capital One cardholders may use the Capital One Travel booking portal to pay for upcoming trips with cash or miles. The AI-powered Hopper will integrate into the platform later in 2021 to book flights, hotels, and rental cars.

This service can make it easier for travelers to compare current prices, predict future rates and receive price alerts. Hopper claims to have 95% accuracy with predicting future flight and hotel prices giving travelers peace of mind they pay the best price when they’re ready to travel.

Capital One Venture Rewards Credit Card Signup Bonus

In addition to the travel perk additions just in time for the reopening of the skies and highways for leisure travel, the Capital One Venture Rewards Credit Card offers a nice bonus.

New cardmembers can earn the 60,000-mile bonus after spending $3,000 in the first 3 months.

Learn more: Travel Rewards Credit Cards

All purchases earn unlimited 2x miles per $1 in addition to the signup bonus. Another card benefit of note is application fee reimbursement (up to $100) for Global Entry or TSA PreCheck.

Summary

The new Capital One travel rewards bring more interest to this travel brand. The 1:1 mile transfers are an exciting move that adds value to Capital One Miles. Transferring miles can be best for international flights but it’s possible to find award space on alliance domestic partners like United Airlines. The upcoming Capital One lounges and the enhanced Capital One Venture signup bonus are also worth monitoring.

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