Points currency
Capital One Miles
Capital One Miles are the easygoing flexible currency. You earn them at a flat rate on every purchase - no rotating categories, no spending-bonus gymnastics - and at redemption time they punch above their weight. Capital One transfers to 18 airline and 4 hotel partners, most at a clean 1:1, which turns everyday-earn miles into international business class, off-peak Europe, and a few genuinely sneaky sweet spots. The catch is the usual one: the miles are worth the most once you have a specific award in mind, and transfers are one-way. Find the seat first, then move the points.
Experiences
Capital One Entertainment — Points or cash →Award chart
The actual numbers. Get your nerd on, memorize the cheap ones.
The cheat sheet.
See the rates →
Award chart
The actual numbers. Get your nerd on, memorize the cheap ones.
The cheat sheet.
Capital One Miles do not have a proprietary award chart. Value is determined by the transfer partner you move miles to (most at 1:1), or a flat 1 cent per mile via the Purchase Eraser or Capital One Travel portal. Notable off-ratio exceptions: Emirates, EVA Air, and JAL convert at 2:1.5 (1,000 = 750 partner miles); JetBlue at 5:3 (1,000 = 600 partner miles); I Prefer at 1:2 (favorable).
Sweet spots
Where your points punch above their weight.
Where this currency genuinely shines.
Show me the picks →
Sweet spots
Where your points punch above their weight.
Where this currency genuinely shines.
- Aeroplan (1:1) - fixed partner pricing plus a free stopover; around 60k one-way to Europe in business on Lufthansa, Swiss, or Austrian.
- Qatar Privilege Club (1:1) - Qsuites business, one of the best seats in the sky.
- Turkish Miles&Smiles (1:1) - the cult pick: around 10k one-way for United-operated US to Hawaii economy; business to Turkey from about 65k.
- Singapore KrisFlyer (1:1) - Suites and long-haul Asia premium cabins (about 80k to 120k one-way).
- British Airways / Avios (1:1) - short-haul off-peak US East Coast to Europe from about 13k.
Transfer out
22 places to send these points. Where the currency goes.
22 programs this transfers out to.
Meet the partners →
Transfer out
22 places to send these points. Where the currency goes.
22 programs this transfers out to.
Capital One Miles transfers points or miles OUT to these programs.
| To | Ratio | Notes |
|---|---|---|
| 1:1 | No transfer fee. | |
| 1:1 | No transfer fee. Free stopover on partner awards. | |
| 1:1 | No transfer fee. | |
| 1:1 | No transfer fee. Avios usable across the BA/Iberia/Aer Lingus family via Combine My Avios. | |
| 1:1 | No transfer fee. | |
| 1:1 | No transfer fee. | |
| 1:1 | No transfer fee. | |
| 1:1 | No transfer fee. Air France-KLM; monthly Promo Rewards discounts. | |
| 1:1 | No transfer fee. | |
| 1:1 | No transfer fee. Books Qsuites business. | |
| 1:1 | No transfer fee. Singapore Suites + own-metal premium. | |
| 1:1 | No transfer fee. | |
| 1:1 | No transfer fee. | |
| 1:1 | No transfer fee. Group-wide Virgin rewards club (move on to Virgin Atlantic Flying Club). 30% transfer bonus through Nov 20, 2026. | |
| 2:1.5 | No transfer fee. 1,000 miles = 750 Skywards. | |
| 2:1.5 | No transfer fee. 1,000 miles = 750 Infinity MileageLands base. | |
| 2:1.5 | No transfer fee. 1,000 miles = 750 Mileage Bank. | |
| 5:3 | No transfer fee. 1,000 miles = 600 TrueBlue (the weakest ratio). | |
| 1:1 | No transfer fee. US-based Choice Privileges accounts only. | |
| 1:1 | No transfer fee. | |
| 1:2 | No transfer fee. 1,000 miles = 2,000 iPrefer (ratio in your favor; iPrefer points are fixed/lower value). | |
| 2:1 | No transfer fee. 1,000 miles = 500 ALL Reward points. |
How to spend
The high-leverage moves. Read this before you transfer a single mile.
The smart-money plays.
Get the playbook →
How to spend
The high-leverage moves. Read this before you transfer a single mile.
The smart-money plays.
- Transfer to airline and hotel partners - the highest-value play (see sweet spots).
- Purchase Eraser: cover travel charges (flights, hotels, rental cars and more) made in the last 90 days at 1 cent per mile.
- Book through Capital One Travel at 1 cent per mile.
- Gift cards, Amazon/PayPal checkout and cash back are all weaker options; use them only if you are not chasing travel.
Tips & quirks
Stopover rules, surcharges, the stuff nobody tells you until you've been burned once.
The fine print, decoded.
Spill the gotchas →
Tips & quirks
Stopover rules, surcharges, the stuff nobody tells you until you've been burned once.
The fine print, decoded.
- Transfers are one-way and final - you cannot move miles back to Capital One.
- 1,000-mile minimum per transfer; the name on your Capital One account must match the loyalty account.
- No transfer fee or excise-tax pass-through (unlike some Amex transfers to US airlines).
- Most ratios are 1:1 - check the exceptions: Emirates, EVA Air, and JAL convert at 2:1.5 (1,000 = 750), and JetBlue at 5:3 (1,000 = 600). I Prefer is the rare ratio in your favor at 1:2.
- Capital One's partner roster changes periodically (their Virgin partner is Virgin Red, the group-wide Virgin club, not Virgin Atlantic Flying Club directly).
Cards that earn into Capital One Miles
Cards that earn Capital One Miles directly, or that transfer into it from a flexible-currency program.
Frequently asked questions
- What can I transfer Capital One miles to? More than 15 airline and hotel partners, most at 1:1: Aeroplan, Qatar, Turkish, Singapore KrisFlyer, British Airways Avios, Flying Blue, Avianca, Cathay, Etihad, Finnair, Qantas, TAP, Emirates, EVA Air, and JAL, plus hotels Wyndham, Choice, and Accor.
- What are the best Capital One transfer sweet spots? Aeroplan for free stopovers and strong Star Alliance business pricing, Qatar Qsuites, Turkish for short-haul, Singapore KrisFlyer, British Airways Avios for short-haul, and Flying Blue.
- Are all Capital One transfers 1:1? Most are 1:1. The exceptions are Emirates, EVA Air, and JAL at 2:1.5, JetBlue at 5:3, and the hotel iPrefer at 1:2 in your favor.
- Is there a fee to transfer Capital One miles? No. There are no transfer fees and no excise-tax pass-through on any partner.
- Can I reverse a Capital One transfer? No. Transfers are one-way and final, with a 1,000-mile minimum, and the receiving account name must match yours.
- Can I transfer Capital One miles to Virgin Atlantic? Only indirectly, by transferring to Virgin Red, the group-wide rewards club.
- Do Capital One miles expire? No, not while your account is open and in good standing. If you close the account or it falls into default, you could lose the miles still in it.
Alerts
Capital One Adds 30% Transfer Bonus to Virgin Red
Capital One miles earn 30% more Virgin Red points on transfers through November 20, 2026.
Capital One Venture X Business Is Offering Two Welcome Bonus Levels
Spend $40,000 in the first 4 months for 150,000 miles, or reach $120,000 total for another 150,000 miles plus a $1,000 Capital One Business Travel credit. The offer is limited time and has no published end date.
Venture X Business: $500 Travel Credit for Eligible Existing Cardholders
Eligible existing Venture X Business cardholders can earn a $500 Capital One Business Travel credit after spending $3,000 on Capital One Business Travel bookings by December 15, 2026. The release does not say how eligibility is decided.
Skip It: Capital One Miles Can Now Reach Radisson, at a Steep Loss
A new route lets Capital One miles reach Radisson Rewards through Finnair Plus. It works, but it trades a flexible, high value currency for hotel points at a real loss, so for almost everyone the answer is do not bother.
Capital One Venture: 75,000 Miles Plus a $300 Stays Credit
Capital One is running a limited-time Venture Rewards offer pairing the card's standard 75,000 mile bonus, after $4,000 of spending in three months, with $300 of hotel and vacation rental credit through Capital One Travel in the first cardholder year. The miles figure is the card's normal offer; the credit is what is new.
Last reviewed: October 2026
Loyalty programs change rules, fees, transfer ratios, and award pricing all the time — sometimes without warning. We do our best to keep these pages current, but the program's own site is always the final word. Always confirm specifics directly with Capital One Miles before transferring miles or booking an award. Treat anything on this page as a starting point, not a guarantee. Crazy4Points is not responsible for actions taken based on information here — see our Terms of Service for full details.