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Starting in December, Capital One® Venture® Rewards Credit Card cardholders will have a new way to use their miles by transferring them to one of a dozen other airline loyalty programs. Since there are often great ways to gain “outsized” value for with various airline award charts, this represents a huge upgrade for those looking to take special long-haul vacations in the premium cabin. VentureOne, Spark Miles, and Spark Miles Select cardholders are also eligible for this valuable new perk.
Partners to Transfer Miles with Capital One
The list of airline partners does not include any American programs – yet. Capital One says that it plans to add more participating transfer partners in the future. At the moment, the current partners include:
- Aeroplan (Air Canada)
- Cathay Pacific
- Etihad Airways
- EVA Air
- Flying Blue (Air France and KLM)
- Hainan Airlines
- Qatar Airways
What does it mean for cardholders?
This puts it in line with the other major credit card award programs that offer lucrative points redemption options. Examples of this include the Citi ThankYou, American Express Membership Rewards, and Chase Ultimate Rewards programs. Points that you can use as money for booking travel but also transfer to other programs are the best. They offer flexibility.
Capital One® Venture® Rewards Credit Card or Spark members already earned miles at a ratio of two miles per dollar spent. These miles could be redeemed for any travel-related expense without any blackout dates. Now, they are eligible to transfer to these airline programs at a rate of 2 miles to 1.5 in the partner program. If you choose to redeem your miles as a way of directly purchasing airfare through Capital One, you can still redeem them with no blackout dates on all travel-related purchases.
Considerations Before You Transfer Miles with Capital One
Before transferring to an airline partner, see if you are better off directly purchasing airfare using your miles through Capital One. Although, if you are booking travel in the premium cabin, it can be beneficial to transfer your miles to a partner. Be sure that there is award availability for the flights you want in the transfer partner’s program before redeeming. Otherwise, you will be stuck with a bunch of miles in a foreign program that you may not be able to use.
Apply Now: Capital One® Venture® Rewards Credit Card
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.