The Capital One Venture Card has been a favorite credit card of RewardExpert.com for a long time. It has a great sign-up bonus and cardholders earn 2 points for every dollar that they spend. And the points allow you to book any flight or make any hotel reservation without fear of blackout dates. Now, Capital One is making this awesome credit card even better by adding 12 transfer partners!
This article will cover
- What are the Benefits of the Capital One Venture Card?
- Who are the 12 Transfer Partners?
- Why is This Important?
- Should you Apply for the Capital One Venture Card?
- Are you Ready to Apply for the Capital One Venture Card?
What are the Benefits of the Capital One Venture Card?
Aside from the 2 points per dollar spent on the Capital One Venture Card, there are many other benefits available. This is why the Venture Card is one of our favorite cards to create a balanced wallet of points, miles, and cash back.
- Annual fee is waived the first year
- Up to $100 reimbursement for Global Entry or TSA PreCheck
- No foreign transaction fees
- 10x miles on hotels at Hotels.com
- Travel accident insurance
- Auto Rental Collision Damage Waiver
- Extended Warranty
And now the points you earn are even more valuable with the addition of 12 airline transfer partners.
Capital One® Venture® Rewards Credit Card
- + Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture
- Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
- Named ‘The Best Travel Card' by CNBC, 2018
- Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
- Fly any airline, stay at any hotel, anytime; no blackout dates
- No foreign transaction fees
- + Miles won't expire for the life of the account and there's no limit to how many you can earn
Who are the 12 Transfer Partners?
Spending on the Capital One Venture Card earns 2 points per dollar spent. No matter where you are spending or what you are buying.
Instead of buying travel at $0.01 per point, now you can transfer your points to one of 12 transfer partners to earn even more value!
For every 2 points that you transfer to one of 12 airline transfer partners, you receive 1.5 miles
Here are the 12 Transfer Partners of the Capital One Venture Card
|Transfer Partner||Venture Miles||Target Rewards Program|
|Aeromexico Club Premier||1000||750|
|Air Canada Aeroplan||1000||750|
|Cathay Pacific Asia Miles||1000||750|
|EVA Infinity MileageLands||1000||750|
|FlyingBlue (Air France & KLM)||1000||750|
|Hainan Airlines Fortune Wings Club||1000||750|
|Qantas Frequent Flyer||1000||750|
|Qatar Privilege Club||1000||750|
What is the Points Transfer Ratio?
For every two points that you transfer to one of these 12 airline transfer partners, you will receive 1.5 miles. I haven’t heard what the minimum transfer amount is, but I would expect the minimum transfer amount to be 2,000 points to receive 1,500 airline miles.
This means that you will be earning 1.5 airline miles for every dollar that you spend on all categories. Most airline cards only earn 1 mile per dollar that you spend (aside from a couple of categories). This means that the Capital One Venture Card is a better card to earn miles for these partner airlines than their own credit card for everyday spend.
And you’ll still maintain the option to use the Capital One Venture Card points as cash to purchase flights when spending miles doesn’t make sense or if there are no award flights available. This is truly the best of both worlds.
When can You Start Transferring Points to These Airline Partners?
As awesome as this news is, you can’t transfer points just yet. Capital One said that the points will not be available to transfer to the airline partners until December 2018.
Why is This Important?
I love having options and the Capital One Venture Card is full of options. And the options have just expanded with the addition of 12 airline transfer partners!
Here are just a few of the many ways you can use your Capital One Venture Card points to travel for free:
- Book any flight without blackout dates
- Reserve any hotel room without blackout dates
- Transfer points to airline miles to top off account for award flight redemption
- Transfer points to airline miles to book flight for better value
Which is Better? Cash or Miles to Book a Flight?
We’ve found that most travelers are better off paying cash (ok, actually using points as cash) for domestic flights because airlines have increased the miles required for economy flights. It used to be that 25,000 miles was the standard for a domestic round-trip economy flight redemption.
Not any more.
With flights at or near capacity, airlines have continued to increase the number of miles required to book an economy flight. I’ve seen some economy flights priced at 50,000 miles. Umm, no thanks.
I like to redeem points from credit cards like the Capital One Venture Card that I can use like cash to book domestic flights. This allows me to save my miles for international flights to the Caribbean, Europe, Asia, and South America where you can receive incredible value for your miles.
For example, I booked flights to St Kitt’s in the Caribbean for my family and me that would have been over $900 each.
Instead, I redeemed 30,000 American Airline miles and paid less than $60 in taxes per ticket.
This is a great example of why using airline miles instead of cash can be a great idea. With miles, we booked tickets that would have cost over $3600. If we redeemed 120,000 points for cash, we could have only bought $1,200 worth of airfare.
Should You Apply for the Capital One Venture Card?
The addition of 12 transfer partners to the Capital One Venture Card is a huge win for consumers. So many banks are implementing rules to restrict applying for or earning sign-up bonuses, that we need more options.
Fortunately, Capital One has not implemented specific rules limiting new cardholders. So, if you’ve been locked out getting a new credit card because other banks don’t want you, maybe it is time to consider Capital One.
Are You Ready to Apply for the Capital One Venture Card?
With the addition of 12 transfer partners, the Capital One Venture Card is going to be the talk of the travel world. Combing the benefits of card that earns 2x points everywhere with no blackout dates on redemptions with the ability to convert those points to airline miles at a reasonable transfer ratio is a huge win. I literally just applied for the Capital One Venture Card as soon as I heard about this new benefit.
If travel isn’t your major focus, the Capital One Savor Card might be a better bet for you. It offers 4% cash back on dining and entertainment and 2% cash back on groceries. It’s the perfect card for foodies and people who go out a lot.
Have you applied for the Capital One Venture Card before?
What’s your favorite benefit of this credit card?
Let us know in the comments below.