USA news

Capital One provides new bank card switch companions, improves ratios

(CNN) —  

Capital One bank card holders have causes to rejoice. On Monday, the issuer introduced the addition of 4 new switch companions — three airways and one resort chain — to its bank card rewards program, together with improved switch ratios for a number of current companions. The issuer additionally revealed plans to open its first two airport lounges and launch a brand new Capital One Journey web site.

Capital One’s major mileage-earning bank cards — the Capital One® Enterprise® Rewards Credit score Card and the Capital One® Spark® Miles for Enterprise bank card — earn 2 miles for each greenback spent on each buy, which makes these new companions and switch ratios doubtlessly much more precious, and brings the Capital One program an enormous step nearer to its opponents.

A number of years in the past, Capital One bank cards earned miles that would solely be used to offset the price of journey purchases at a charge of 1 cent per mile. Nonetheless, in 2018, the issuer added the power to switch miles to over a dozen airline and resort companions, which created a chance to get far more worth out of Capital One rewards.

Now 4 new applications are being added to the record of switch companions: British Airways, TAP Air Portugal, Turkish Airways and Selection Motels. Capital One miles will switch to British Airways and Turkish Airways at a 2-to-1.5 ratio, whereas TAP and Selection will switch at a 1-to-1 ratio. This can be a first for Capital One, which has solely featured switch ratios of 2-to-1 and 2-to-1.5 for the reason that inception of its companion program.

Capital One transfers to Selection Motels will likely be out there later this yr, whereas transfers to the three new airways will likely be out there beginning Tuesday, April 20. The brand new companions and ratios will even be out there on the Capital One® VentureOne® Rewards Credit score Card and the Capital One® Spark® Miles Choose for Enterprise card, each of which haven’t any annual price however earn fewer miles on purchases.

Associated: Earn as much as 100,000 bonus miles with the Capital One Enterprise bank card.

Along with the brand new partnerships, Capital One can be enhancing the switch ratios for a number of of its current airline and resort companions. Beginning Tuesday, April 20, Aeromexico, Avianca, Cathay Pacific, Etihad, Finnair, Qantas and Wyndham Motels will all switch at a 1-to-1 ratio, that means for each 1,000 Capital One miles you switch you’ll get 1,000 factors or miles within the respective airline or resort program.

All seven of those applications beforehand featured switch ratios of 2-to-1.5, that means for each 2,000 miles transferred, Capital One card holders solely acquired 1,500 factors or miles within the airline or resort program. The brand new 1-to-1 ratio means you’re successfully getting 33% extra miles than earlier than once you switch to those seven applications.

The remaining Capital One airline and resort companions will proceed to have a mixture of 2-to-1.5 and 2-to-1 ratios. Nonetheless, remember the fact that since all factors and miles aren’t equal, a decrease switch ratio doesn’t all the time imply a lesser worth.

Right here’s the entire record of Capital One’s 19 airline and resort switch companions as of April 20, together with the respective switch ratios:

Airline/Resort Program Switch Ratio
Aeromexico Membership Premier 1:1
Air Canada Aeroplan 2:1.5
Air France-KLM Flying Blue 2:1.5
Alitalia MilleMiglia 2:1.5
Avianca LifeMiles 1:1
British Airways Avios 2:1.5
Cathay Pacific Asia Miles 1:1
Emirates Skywards 2:1
Etihad Airways Visitor 1:1
EVA Air Infinity MileageLands 2:1.5
Finnair Plus 1:1
JetBlue TrueBlue 2:1.5
Qantas Frequent Flyer 1:1
Singapore Airways KrisFlyer 2:1
TAP Air Portugal Miles&Go 1:1
Turkish Airways Miles&Smiles 2:1.5
Accor Reside Limitless 2:1
Selection Privileges 1:1 (out there later in 2021)
Wyndham Rewards 1:1

Many of those companion applications are greatest utilized by factors and miles consultants, as they contain worldwide airways and alliance companions. However in case you’re keen to be taught extra in regards to the applications, you’ll discover some unbeatable values.

Associated: Earn journey rewards with no annual price on the Capital One VentureOne bank card.

Along with the enhancements to its mileage program, Capital One additionally introduced that it intends to open two of its personal airport lounges: one in Dallas-Fort Price (DFW) in late summer time 2021, and a second at Washington, D.C.’s Dulles Airport (IAD) in 2022.

In keeping with the issuer, these lounges are being designed to supply vacationers entry to trendy areas with high-speed Wi-Fi and supply a lot of meals choices, equivalent to a grab-and-go part and a restaurant eating expertise that includes chilly brews, craft cocktails, native beers and regional wines. There’ll even be biking and yoga rooms, rest rooms, nursing rooms and bathe suites.

Capital One

A rendering supplied by Capital One of many entrance to one among its new lounges.

The entry insurance policies for these new lounges haven’t been launched but by the issuer, however a spokesperson confirmed that Capital One card holders will likely be eligible for particular entry charges relying on their card.

As well as, Capital One is partnering with journey reserving website Hopper to develop a brand new Capital One Journey expertise. In keeping with the issuer, the brand new website will launch within the second half of 2021 completely for Capital One card holders, and can predict flight and resort costs to assist prospects get the perfect deal when reserving journey.

Associated: Earn $500 or 50,000 bonus miles with Capital One Spark bank cards.

Avianca LifeMiles has all the time been one of many strongest switch companions throughout the Capital One program, so with an improved 1-to-1 switch ratio, you may get much more worth from this partnership.

The airline is a part of the Star Alliance, which suggests you may redeem Avianca miles for flights on United, Lufthansa, ANA and Eva Air, amongst others. With Avianca’s zone-based award chart, yow will discover a lot of cheap redemption alternatives, equivalent to a one-way ticket in enterprise class to Australia or New Zealand for simply 80,000 miles. Avianca LifeMiles additionally doesn’t add provider surcharges when reserving flights on companions.

Transfer Capital One miles to the Avianca LifeMiles program and then use them to book flights on Avianca's partner United Airlines.


Switch Capital One miles to the Avianca LifeMiles program after which use them to guide flights on Avianca’s companion United Airways.

You’ll additionally discover worth within the improved 1-to-1 switch ratio with Cathay Pacific’s Asia Miles program. The airline is a member of the OneWorld alliance, which suggests you may redeem Asia Miles for flights on American Airways in addition to Japan Airways and flights to and from Hong Kong on Cathay itself.

And whereas Wyndham Motels now not affords a flat 15,000-point redemption degree in any respect its properties, it’s nonetheless attainable to seek out nice worth by way of its Vacasa trip rental partnership.

Out of the 4 new Capital One companions, British Airways is doubtlessly probably the most precious. In keeping with frequent flyer web site The Factors Man, British Airways miles — that are known as Avios — are value 1.5 cents apiece, whereas Turkish Airways miles are value 1.3 cents apiece and Selection factors are value 0.6 cents apiece.

The positioning doesn’t put a worth on TAP Air miles, however there are various instances all year long that you would be able to buy TAP miles immediately by way of this system at a comparatively low value.

British Airways can be a switch companion of American Categorical Membership Rewards and Chase Final Rewards, so it’s already been possible to earn these factors elsewhere. Nonetheless, neither competitor has a bank card that earns a vast 2 miles for each greenback spent on all purchases, which supplies the Capital One Enterprise and Spark playing cards a leg up, even at a 2-to-1.5 ratio.

The Capital One Venture and Spark credit cards earn 2 miles per dollar, and can now transfer miles at a 2-to-1.5 ratio to British Airways.


The Capital One Enterprise and Spark bank cards earn 2 miles per greenback, and may now switch miles at a 2-to-1.5 ratio to British Airways.

As well as, the one different bank card program that may switch factors to Turkish Miles&Smiles is Citi ThankYou Rewards, and no different program contains TAP Miles&Go or Selection Privileges as switch companions.

Sadly, British Airways is notorious for tacking monumental provider surcharges onto its Avios redemptions, which might make what’s speculated to be a “free” ticket value practically as a lot as a money airfare in some instances. Nonetheless, there are just a few candy spots on this program, together with the power to redeem for American Airways flights for as little as 7,500 Avios with none large surcharges.

However in case you typically fly domestically, Turkish Airways could be the best choice. The provider companions with United Airways, which suggests you may redeem Turkish miles for a one-way United financial system flight inside North America for simply 7,500 miles. Better of all, Hawaii is handled the identical as some other US vacation spot, permitting you to fly to any of the islands from the mainland at an unbelievable value.

Plus, if you wish to deal with your self effectively, those self same home United flights will be booked for simply 12,500 miles one-way in a enterprise class seat with Turkish miles. But it surely’s necessary to notice that redeeming Turkish Miles&Smiles rewards will be time-consuming and difficult, particularly for inexperienced persons.

Just like Turkish Airways, TAP Air Portugal can be a part of the Star Alliance, which suggests you should use your TAP Air Miles&Go rewards on many airways all through the world, equivalent to United, Air Canada and ANA. TAP additionally companions with airways exterior the Star Alliance, equivalent to Azul and Emirates — which is definitely the place you would possibly discover the perfect redemption alternatives.

Lastly, in case you want to redeem your bank card rewards for resort stays, Selection Motels has over 7,000 properties worldwide. It’s extremely straightforward to make use of Selection Privileges factors, and although lots of its motels are categorized as funds properties with cheap money charges, there are some hidden gems throughout the program, particularly in case you take a look at its Bluegreen Trip and Ascend manufacturers.

Discover out which playing cards CNN Underscored selected as its greatest journey bank cards of 2021.

Get all the most recent private finance offers, information and recommendation at CNN Underscored Cash.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top