How To Earn & Redeem Capital One Miles

Typically I like to recommend incomes transferable factors currencies together with your bank cards at any time when attainable, to provide the most flexibility in case you’re in search of journey rewards.

Capital One solely launched a transferable factors foreign money a couple of years again, however has actually been performing some superb issues. Capital One lately improved mileage switch ratios, and also will shortly be introducing a brand new premium bank card, the Capital One Enterprise X. In mild of all this, I wished to offer an up to date information on incomes and redeeming Capital One miles.

Fundamentals of the Capital One mileage program

A number of Capital One bank cards earn both Spark or Enterprise miles, which offer you nice flexibility for journey redemptions. Capital One miles may be redeemed to offset the price of a journey buy with the Buy Eraser choice, or they are often transfered to Capital One’s airline and lodge companions, which offer outsized worth if you already know what you’re doing.

The environment friendly flexibility supplied by Capital One’s bank cards is fairly unbeatable, particularly with the wonderful return on on a regular basis spending provided by Capital One bank cards.

Redeem Capital One miles in the direction of superb journey experiences

Learn how to earn Capital One miles

Let’s begin by overlaying all the things it is advisable learn about incomes Capital One miles — which bank cards earn Capital One miles, what’s the distinction between Enterprise and Spark miles, and extra.

What bank cards earn Capital One miles?

At the moment the next 4 bank cards earn Capital One miles, together with the mileage incomes charges, and the annual charges:

Redeem Capital One miles in the direction of enterprise class flights

On high of that, shortly the Capital One Enterprise X Credit score Card will open to new candidates, and the cardboard will provide the next return on spending:

  • 10x Enterprise miles on lodges and rental automobiles booked by way of Capital One Journey
  • 5x Enterprise miles on flights booked by way of Capital One Journey
  • 2x Enterprise miles on all different purchases
The Enterprise X would be the greatest card for incomes Capital One miles

What’s the distinction between Enterprise & Spark miles?

Typically there’s confusion about what the distinction is between Enterprise miles and Spark miles. The truth is that these currencies are principally the identical — “Enterprise” is the identify of Capital One’s mileage foreign money on private bank cards, whereas “Spark” is the identify of Capital One’s mileage foreign money on enterprise bank cards.

These factors have the identical redemption values in the direction of journey, and may be mixed in case you have each private and enterprise playing cards. Regardless of the completely different branding, for all sensible functions these currencies are equivalent.

How briskly do Capital One miles submit?

One factor that makes Capital One miles distinctive is how shortly these rewards submit. With different applications it could actually take a few billing cycles for rewards to submit to your account. Within the case of Capital One:

  • Miles submit to your account the identical time as your buy
  • This even applies to welcome bonuses on playing cards

In an age the place individuals love on the spot gratification, that certain is a pleasant characteristic, as you’ll be able to redeem your rewards in the direction of journey nearly immediately.

Redeem Capital One miles with Buy Eraser

Now let’s discuss all the things it is advisable learn about redeeming Capital One miles. Traditionally the preferred strategy to redeem Capital One miles has been utilizing the Buy Eraser choice. The Enterprise Card and Spark Miles Card provide 2x miles per greenback spent, and every mile may be redeemed for one cent in the direction of the price of a journey buy.

You may select to make use of the Buy Eraser characteristic to “wipe out” the price of a journey buy inside 90 days of once you made the acquisition in your Enterprise Card or Spark Miles Card.

This lets you make a journey associated buy together with your favourite journey supplier (whether or not that’s an airline, lodge, on-line journey company, Uber, Airbnb, or different journey firm), after which obtain an announcement credit score from Capital One for that buy on the fee of 1 cent per mile.

Wipe out the price of any journey expertise with Buy Eraser

The rationale this redemption choice is so widespread is as a result of there aren’t any hoops to leap by way of — you don’t have to fret about airline or lodge blackout dates when redeeming factors, and also you don’t even should ebook by way of a selected portal. You simply make a purchase order together with your card as you often would, after which you’ll be able to redeem for assertion credit. It doesn’t get simpler than that.

For those who ever noticed the Capital One commercials that used to characteristic Alec Baldwin, that’s precisely the redemption choice that’s being promoted. 😉

Convert Capital One miles into airline miles

Capital One Enterprise and Spark miles may be transformed into airline miles or lodge factors in over 15 taking part applications. The rationale this has develop into a progressively higher redemption is as a result of mileage switch ratios have improved significantly for the reason that program was first launched, and these days Capital One miles switch to most companions at a 1:1 ratio (initially most transfers had been at a 2:1 ratio).

For the reason that Enterprise Rewards and Spark Miles provide limitless 2x miles, which means the playing cards primarily provide two airline miles per greenback spent in case you switch to a taking part loyalty program, which is an exceptional return on on a regular basis spending.

Redeem Capital One miles for Singapore Airways top notch

What airways & lodges are you able to switch Capital One miles to?

Right here’s the total checklist of Capital One switch companions, which incorporates 14 airways and two lodge applications (notice that Selection Privileges might be added as a companion as of later in 2021):

Airline Companions

Resort Companions

Aeromexico Membership Premier

Accor Dwell Limitless (ALL)

Air Canada Aeroplan

Wyndham Rewards

Air France-KLM Flying Blue

Avianca LifeMiles

British Airways Government Membership

Cathay Pacific Asia Miles

Emirates Skywards

Etihad Visitor

EVA Air Infinity MileageLands

Finnair Plus

Qantas Frequent Flyer

Singapore Airways KrisFlyer

TAP Air Portugal Miles&Go

Turkish Airways Miles&Smiles

Capital One switch companions

How do you switch Capital One miles to airline & lodge companions?

The method of transferring Capital One miles to airline and lodge companions is very easy, and may be completed straight on Capital One’s web site. You may learn concerning the course of on this submit.

How lengthy do Capital One mileage transfers take?

Switch instances for Capital One companions differ. For about half of companions transfers are on the spot, whereas for others transfers take wherever from a couple of hours to a couple days. You may examine Capital One mileage switch instances on this submit.

Capital One Switch Accomplice

Switch Ratio

Switch Time

Accor Dwell Limitless (ALL)

1000 : 500

~ 24 to 48 hours

Aeromexico Membership Premier

1000 : 1000

Immediate

Air Canada Aeroplan

1000 : 1000

Immediate

Air France-KLM Flying Blue

1000 : 1000

Immediate

Avianca LifeMiles

1000 : 1000

Immediate

British Airways Government Membership

1000 : 1000

Immediate

Cathay Pacific Asia Miles

1000 : 1000

~ 3 to five days

Emirates Skywards

1000 : 1000

Immediate

Etihad Visitor

1000 : 1000

~ 12 to 24 hours

EVA Air Infinity MileageLands

1000 : 750

~ 24 to 48 hours

Finnair Plus

1000 : 1000

Immediate

Qantas Frequent Flyer

1000 : 1000

~ 24 to 48 hours

Singapore Airways KrisFlyer

1000 : 1000

~ 24 to 48 hours

TAP Air Portugal Miles&Go

1000 : 1000

Immediate

Turkish Airways Miles&Smiles

1000 : 1000

~ 24 to 48 hours

Wyndham Rewards

1000 : 1000

Immediate

Capital One Switch Ratios & Occasions

Look out for Capital One mileage switch bonuses

Whereas Capital One miles switch to most airline companions at a 1:1 ratio, notice that we typically see switch bonuses, whereby they switch at a greater fee for a restricted time. For instance, by way of December 1, 2021, you’ll be able to obtain a 20% bonus once you switch Capital One miles to Air France-KLM Flying Blue, which could possibly be a terrific worth.

What’s the perfect use of Capital One miles?

Hopefully the above provides you a normal sense of redemption choices with Capital One miles. I now wished to get right into a bit extra element to assist individuals resolve which Capital One mileage redemption choice makes probably the most sense for them. Are you higher off redeeming Capital One miles in the direction of the price of a journey buy, or changing Capital One miles into factors with companion applications?

Buy Eraser vs. mileage transfers

For a few years, Buy Eraser was the first strategy to redeem Capital One miles. Then in late 2018 Capital One launched mileage transfers to airways and lodges. For those who already love redeeming Capital One miles in the direction of journey purchases with no blackout dates or capability controls, that’s nice. That’s a versatile choice with not a lot of a studying curve, so for a lot of that is the perfect wager.

The advantage of changing Capital One miles into airline miles is that usually the price of a ticket when paying money isn’t correlated to the price of a ticket when redeeming factors. When you traditionally get a constant one cent of worth per Capital One mile, with airline and lodge factors you would be getting wherever from a fraction of a cent of worth per mile, to 10+ cents of worth per mile.

The best worth available with changing Capital One miles into airline miles is if you wish to redeem your rewards for worldwide first and enterprise class airline tickets. Many individuals suppose that these sorts of flights are out of attain, however with airline miles they’re extra affordable than you may anticipate!

Let me give a couple of examples, primarily based alone latest travels. Capital One miles switch at a 1:1 ratio to Air France-KLM Flying Blue, and I redeemed 55,000 Flying Blue miles for a one-way Air France enterprise class ticket from Paris to Miami. If paying money, that ticket would have value 1000’s of {dollars}, whereas 55,000 Capital One miles is the equal of $550 with Buy Eraser.

Redeem Capital One miles for Air France enterprise class

Capital One miles switch at a 1:1 ratio to Emirates Skywards, and I redeemed 85,000 Emirates Skywards miles for a one-way Emirates top notch ticket from Athens to Newark. If paying money, that ticket would have value $5,500+, whereas 85,000 Capital One miles is the equal of $850 with Buy Eraser.

Redeem Capital One miles for Emirates top notch

Capital One miles switch at a 1:1 ratio to Air Canada Aeroplan, and I redeemed 100,000 Aeroplan miles for a one-way Lufthansa top notch ticket from Chicago to Frankfurt. If paying money, that ticket would have value $8,000+, whereas 100,000 Capital One miles is the equal of $1,000 with Buy Eraser.

Redeem Capital One miles for Lufthansa top notch

Mileage transfers offer you entry to extra airways than you suppose

The great thing about these frequent flyer partnerships is that ultimately you’re capable of redeem miles on much more than a dozen airways (as I partly demonstrated with the examples above).

Capital One miles may be transferred to over a dozen airline applications. That’s nice in and of itself, however the actuality is that you’ve entry to far more airways than that.

Why? As a result of airline loyalty applications in lots of instances have a number of airline companions as nicely. Simply since you switch miles to an airline loyalty program doesn’t imply you truly should fly with that airline:

  • Capital One miles may be transferred to Air Canada Aeroplan, and you’ll redeem Aeroplan miles for journey on any of the over two dozen Star Alliance airways (together with United Airways), plus airways like Air Serbia, Azul, Etihad, Vistara, and extra
  • Capital One miles may be transferred to Air France-KLM Flying Blue, and you’ll redeem Flying Blue miles for journey on any of the practically two dozen SkyTeam airways (together with Delta Air Strains)
  • Capital One miles may be transferred to Cathay Pacific Asia Miles, and you’ll redeem Asia Miles for journey on any of the over dozen oneworld airways (together with American Airways)
Redeem Air Canada Aeroplan miles on Etihad

As you’ll be able to see, these miles offer you entry to the entire “massive three” alliances, after which there are a lot of extra airline companions on high of that. The quantity of flexibility you’re getting together with your miles right here is large, so look past the airline switch companions as such.

Why you shouldn’t at all times switch Capital One miles

Whereas the flexibility to transform Enterprise and Spark miles into airline and lodge factors is thrilling, there are nonetheless going to be loads of circumstances beneath which you get a greater deal utilizing the Buy Eraser redemption methodology. I’d say that is very true in case you primarily journey home, and are completely happy flying economic system and staying at fairly priced lodges.

For instance, in the USA we’ve extremely low value carriers which have actually lowered the price of airfare in lots of markets. Typically these airways don’t have sturdy loyalty applications, and there’s no strategy to effectively switch miles to these applications.

So in case you’re trying to journey to Orlando for spring break on Frontier Airways or Spirit Airways, the Buy Eraser characteristic could be the best choice — you’ll be able to simply purchase your ticket as you often would, after which have the price reimbursed.

Buy Eraser may be nice for home journey

Moreover, those that are into incomes elite standing with airways and lodges may respect the worth of Buy Eraser. Why? As a result of you’ll be able to ebook journey as you often would (whether or not flights or lodges), and that will be thought of paid journey. With each airways and lodges, this implies you would make the most of elite perks and earn factors.

Use Buy Eraser for a paid enterprise class ticket

Ideas earlier than changing Capital One miles into airline miles

The Buy Eraser characteristic makes utilizing Enterprise or Spark miles so easy, and that simplicity has been a big a part of the enchantment of the rewards program for years. For those who’re a cardmember who’s used to that, the variety of hoops it’s a must to bounce by way of to redeem airline miles may come as a shock.

If you’ll convert Capital One miles into airline or lodge factors, I’d usually advocate going by way of the next course of:

  • Research the loyalty program switch choices that Capital One is providing
  • Take a look at their respective award charts to know what number of miles are required
  • Discover out what companions these loyalty applications have past their “residence” provider, so you already know which airways you’ll be able to redeem on
  • Attempt to search availability for your self to get a way of what number of award seats there are; typically this may be completed straight on the loyalty program’s web site, whereas in different situations it’s a must to name
  • When you’ve verified there’s availability and have verified the worth (each when it comes to miles and money), switch your Capital One miles to the loyalty program
  • Airline award availability is capability managed and topic to alter, so that you’ll need to ebook as shortly after discovering the award availability as attainable
  • In case your plan is to ebook a lodge room, test to verify the property you’re looking at has availability on the dates you want
  • Don’t switch factors to a companion till you’re able to ebook and know precisely what you need to redeem for
There’s massive worth to transferring Capital One miles, however there’s additionally a studying curve

How a lot are Capital One miles price?

Personally I worth Capital One miles at 1.7 cents every. That’s primarily due to the flexibility to switch Capital One miles to most airline companions at a 1:1 ratio, which is a superb use of factors, particularly for worldwide first & enterprise class redemptions. For that matter, I believe all transferable factors currencies are price 1.7 cents every, primarily based on companion redemption alternatives.

When you think about that some Capital One playing cards earn 2x miles on on a regular basis purchases, to me these playing cards provide an unbelievable 3.4% return on on a regular basis spending.

Backside line

Capital One is doing an unbelievable job with its portfolio of journey rewards playing cards currently, particularly with mileage switch ratios having been improved a lot. With the Capital One Enterprise X Card launching shortly, I do know there’s going to be loads of curiosity on this mileage foreign money.

The great thing about Capital One miles is how versatile they’re. Along with with the ability to redeem them for one cent every in the direction of the price of just about any journey buy with Buy Eraser, it’s also possible to switch them at a 1:1 ratio to over a dozen airline frequent flyer applications, which is the place you’ll actually get outsized worth.

For those who’ve earned Capital One miles, what has your expertise been with them?

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