DannyDealGuru has partnered with CardRatings for our coverage of credit card products. DannyDealGuru and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Transfer Capital One Cash Back to Miles
Capital One has recently made improvements to its credit card products and its miles program in general. If you have been overlooking Capital One cards, it might be worth taking another look at its ecosystem. We often see big bonuses of 100,000 or even 200,000 miles for Capital One cards. The miles program was recently improved with new transfer partners and improved transfer ratios. Then there are two new lounges opening up soon. And last but not least, it is also possible to transfer Capital One cash back to miles
Normally you can only earn Capital One miles with cards like Capital One Venture, VentureOne, Spark Miles and Spark Miles Select. But some recent data points show that you could be able to take advantage of Capital One’s miles program even with cash back earned from several other credit cards. The information comes from Frequent Miler and Miles Talk. The cash back rewards earned on the Capital One Savor, SavorOne, Capital One Spark Cash and Quicksilver can be transferred to miles earning cards and then transferred to travel partners. The transfer ratio is 1 cent in cash back to one mile. This is not actually a new development either, but something that has been possible for about two years probably.
How to Transfer Cash Back to Miles
If you have a Capital One card that earns cash back, go to your Capital One card account and click “View Rewards” under your card name in the top left of the card account. Look for Share my rewards that can be found in Rewards cash tab. You can then convert cash from cards like Savor or SavorOne to your eligible accounts or even someone else’s.
However, beware that you can not do this conversion in the other direction. You can transfer cash back to miles, but can not “cash out” miles by transferring to cash back cards.
Why is This Useful
Being able to earn miles with more cards, makes it easier to collect them since some cards have bonus categories where you can get up to 4% cash back. You can earn 3% cash back on dining and entertainment with no annual fees for example which means that you are earning 3X airline miles. It gets better with the Savor card ($95 annual fee) which which get you 4X airline miles on dining and entertainment. Spark Cash will also earn 2X airline miles on all purchases.
This also makes cash welcome bonuses much better. We have seen $2,000 bonuses for the Capital One Spark Cash card for example, which can now become 200,000 airline miles.
This new option also lets you share your cash back with someone who does. When you transfer cash back, you have the option to do so to one of your Capital One cards that earns miles, or someone else’s. And once you have the miles, you have the option to transfer to travel partners which can give you even more value.
Capital One Transfer Partners
Customers will need to transfer a minimum of 1,000 Venture X, Venture X Business, Venture or Spark Miles at a time to travel loyalty programs, and will need to transfer in 100 mile increments.| Partner | Ratio |
|---|---|
| Accor Live Limitless | 2 : 1 |
| Aeromexico Club Premier | 1 : 1 |
| Air Canada Aeroplan | 1 : 1 |
| Air France KLM Flying Blue | 1 : 1 |
| Avianca LifeMiles | 1 : 1 |
| British Airways (Avios) | 1 : 1 |
| Cathay Pacific Asia Miles | 1 : 1 |
| Choice Hotels (Choice Privileges) | 1 : 1 |
| Emirates Skywards | 1 : 1 |
| Etihad Airways Etihad Guest | 1 : 1 |
| EVA Air Infinity MileageLands | 2 : 1.5 |
| Finnair Plus | 1 : 1 |
| Qantas Frequent Flyer | 1 : 1 |
| Qatar Airways Privilege Club | 1 : 1 |
| Singapore Airlines Krisflyer | 1 : 1 |
| TAP Air Portugal (Miles&Go) | 1 : 1 |
| Turkish Airlines (Miles&Smiles) | 1 : 1 |
| Virgin Red | 1 : 1 |
| Wyndham Rewards | 1 : 1 |
Transfer Capital One Cash Back to Miles: Guru’s Wrap-up
Being able to transfer Capital One cash back to miles, makes it easier to maximize your earning since you don’t have to choose between miles or cash back when deciding which card to use. You just go with the card that earns the best rate.
It opens up more opportunities for those who want to use the miles to transfer them to travel partners. This apparently has been an option for a while, but it becomes now more relevant with the improved miles program from Capital One.
Check Capital One accounts and let me know if you have the ability to transfer cash back to miles.
DannyDealGuru has partnered with CardRatings for our coverage of credit card products. DannyDealGuru and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
