Capital One has made a great improvement to its mile earning cards. Capital One Venture, VentureOne, Spark Miles and Spark Miles Select credit cards will all soon have transfer partners. Starting December 1st cardholders will have the ability to transfer Capital One miles to 12 airline programs. The transfer rate will be the same for all of them, at 2 Venture miles to 1.5 airline miles.
These are the 12 transfer partners:
- Aeroplan (Air Canada)
- Cathay Pacific
- Etihad Airways
- EVA Air, Finnair
- Flying Blue (Air France and KLM)
- Hainan Airlines
- Qatar Airways
This is great news from Capital One. It makes bonuses on these cards more useful and the cards themselves more valuable in the long run. Transferability generally offers the most flexibility, allowing you a few different redemption options, and give points a higher potential value. Until now, the only way to redeem these Capital One miles was to apply them as a statement credit against for travel purchases, with each mile worth 1¢.