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Last year Capital One introduced the ability to transfer miles to 14 airlines with cards like:
- Capital One® Venture® Rewards Credit Card
- Capital One® VentureOne® Rewards Credit Card – No annual fee
- Capital One® Spark® Miles for Business
- Capital One® Spark® Miles Select for Business – No annual fee
Normally, Capital One Miles transfer to Emirates at a 2:1 ratio (2 Capital One Miles = 1 Emirates mile). But now through March 24, 2019, there is a 100% transfer bonus to Emirates, which boosts the ratio to 1:1.
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Capital One Miles Transfer Bonus to Emirates
At first glance, this might not seem like a great deal, because even with a 100% transfer bonus the ratio is just 1:1, and AMEX Membership Rewards always transfer to Emirates at a 1:1 ratio. And sometimes they even have transfer bonuses on top of that!
But part of the reason Capital One miles don’t typically transfer at a 1:1 ratio is because they are easier to earn on everyday purchases. Both the Capital One® Venture® Rewards Credit Card and the Capital One® Spark® Miles for Business both earn unlimited 2X miles per $1 spent on all purchases. And it wasn’t that long ago that the Spark Miles for Business card had a massive 200,000 miles intro bonus (no longer available). The bonus is currently 50,000 Capital One miles after spending $4,500 on purchases in the first 3 months of account opening.
So it’s likely there are a bunch of you sitting on a pile of Capital One miles right now.
Personally, I’ve never used Emirates miles before. But this is still good news because now we know Capital One will have transfer bonuses. Now I’m just waiting for a transfer bonus to Avianca or Flying Blue.
And even though Emirates isn’t a part of any major alliance, they partner with a bunch of other airlines like Alaska Airlines, JetBlue, and more. Your best bet is usually to use Emirates miles for Emirates flights, but just pay attention to the taxes and fees they charge on award flights. They can get out of control.
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