Capital One Rewards is the latest entrant to create a super-program to compete with the Chase Ultimate Rewards, Citi ThankYou and Amex Membership Rewards. Within 2 years, they have been able to bring more transfer partners than Citi or Chase. Only Amex offers more partners than Capital One. Capital One has not yet created a luxury flagship card with high annual fee and extensive amenities similar to Chase Sapphire Reserve, Citi Prestige or Platinum Amex. There are 4 Capital One credit cards that participate in the airline transfer program: Venture Rewards, VentureOne, Spark for Business and Spark Select for business.
Capital One works with 16 frequent flyer programs and three hotel frequent guest programs.
Capital One Transfer | MinTransfer** | Transfer Ratio | Transfer Time |
1,000 | 1:1 | 2-10 days | |
1,000 | 1:1 | Usually Instant | |
1,000 | 1:1 | Usually instant | |
1,000 | 1:1 | Usually instant | |
1,000 | 1:1 | 2-5 days | |
1,000 | 1:1 | Usually instant | |
1,000 | 1:1 | Usually instant | |
1,000 | 2:1.5 | Usually Instant | |
1,000 | 1:1 | Usually instant | |
1,000 | 1:1 | Usually instant | |
1,000 | 1:1 | 1-2 days | |
1,000 | 1:1 | 1-2 days | |
1,000 | 1:1 | 1-3 days | |
1,000 | 1:1 | Usually Instant |
**The minimum transfer is 1,000, but you can transfer in increments of 100 above that.
Capital One Rewards can also be transferred to 3 hotel loyalty program
Capital One Hotel Transfer Partners | Min Transfer | Transfer Ratio | Transfer Time |
1,000 | 2:1 | 1-2 days | |
1,000 | 1:1 | Usually Instant | |
1,000 | 1:1 | Not yet available |
***Expected to go live later in 2021
You can also redeem your Capital One points for travel purchases at a penny per mile. I do not recommend booking your travel through the Capital One Portal. Instead, you can book it with your preferred travel agent, third party site or even airline or hotel directly. Once the charge posts, you can use the Redeem Travel Purchases tab on the Capital One website within 90 days of purchase to reimburse those purchases against your points at penny per point with no minimums or maximums. The travel purchase category is very wide and includes flights, hotels, Airbnbs, Ubers, taxis, trains and so on.
Capital One came a long way in just a couple of years to become a great alternative to Amex, Citi, and Chase. We previously did not consider Capital One Venture and Spark cards top-tier travel cards for travelers. Yet, with the improved exchange rates as of October 2021 and the departure of Citi Prestige, the Capital One card is now a contender. It is an excellent option for those looking for a low annual fee card, simplicity of use, and a wide range of airline transfer partners. Venture Card is probably the better choice of their card lineup for travelers. It comes with 2 points for any purchase, which is equivalent to 2 miles with most of their travel partners, including all three major global alliances. It also comes with all Visa Signature benefits (extended warranty, purchase protection, collision damage waiver for car rentals, and concierge service). Capital One shopping is another nice perk that gives you an additional 5 percent back on hotels booked through Expedia, Hotwire, Travelocity, VRBO accommodations, and many other shopping benefits. If you do not want to spend time tracking bonus categories and enjoy very simple redemption, this is the card for you.
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