[Ends Today!] Capital One Adding New Transfer Partner, Transfer Bonuses To 3 Airlines, And New Flight Refund Option!

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Update, 3/31: Today is the final day to transfer to Lifemiles, Aeromexico or Wyndham with a transfer bonus!

Update, 3/30: Capital One miles can now be transferred to Virgin.

Capital One shocked the mileage world when they announced that their points would be transferable into real airline miles. But best of all, they remain focused on improving their program and adding new partners while other programs remain mostly stagnant.

A nice thing about Capital One is that you earn rewards and signup bonus points as soon as spending posts to your account without having to wait for your statement to close.

Another nice benefit is that transfers over 1,000 miles can be made in 100 mile increments instead of 1,000 mile increments from most bank programs, so you don’t need to orphan miles in an airline program when making a redemption.

Plus, with a Capital One card earning 2 miles per dollar you can always erase travel related purchases from your bill, at a value of 2% back, or you can transfer into airline miles and hotel points.

And now, Capital One announced that:

• They will be adding Virgin Red as a travel partner at a 1:1 ratio in the coming weeks.
  • Virgin Red can be linked with Virgin Atlantic to redeem points at the same ratio, plus you can redeem for other awards, such as Virgin cruises.
  • There are lots of bargains with Virgin Atlantic miles, including one of the best first class mileage redemptions around.
• You can transfer points to Aeromexico with a 20% bonus, for a 1:1.2 ratio through 3/31.
• You can transfer points to Avianca Lifemiles with a 20% bonus, for a 1:1.2 ratio through 3/31.
  • You can redeem Avianca Lifemiles for flights on United from 6.5K miles each way, or just 5.4K Capital One points with the transfer bonus. Read more here.
• You can transfer points to Wyndham with a 20% bonus, for a 1:1.2 ratio through 3/31.
  • Wyndham hotels can either cost 7.5K, 15K, or 30K Wyndham points per night. There are several options in Israel for 15K points, though you may need to call to book with points.
  • A better value than Wyndham hotels can be Vacasa home rentals, which cost 15K Wyndham points per bedroom per night, or 12.5K Capital One miles with this bonus. You can email triprewards.fulfillment@wyndham.com or call 506-646-2943 to book that with Wyndham points. You can then transfer points instantly from Capital One to Wyndham to book a vacation rental.
• Capital One Travel will add the ability to refund flights for any reason in the coming weeks. They say that for a small upfront fee, customers will be able to cancel flights booked on Capital One Travel for any reason, up to 24 hours before their first scheduled departure and receive most of their ticket cost back. Canceling only takes a few clicks, with no questions asked.
  • Capital One says that, “The small fee for the option to cancel a flight is dynamically priced based on a number of factors, including how far in advance the flight is booked, the flight route, and the date of departure, but it will represent a fraction of traditional airline cancellation fees. The exact price for the option to cancel a flight for any reason will be clearly stated during the booking process on Capital One Travel. Customers should expect to receive somewhere between 70-90% of their ticket price back. The amount of the refund will be made transparent to customers prior to purchase.”
  • Capital One also confirmed to me that, as with all purchases through the Capital One Travel portal, this fee will qualify for reimbursement with the $300 annual travel credit on the Capital One Venture Rewards Credit Card X Rewards Credit Card.
  • We’ll have to wait and see what the details are for this option, such as the exact cost and how it will work with basic economy, to see if it will make sense to pay the fee.

Here is the full lineup of Capital One’s transfer partners with their transfer ratios:

• Aeromexico (1:1, SkyTeam, +20% bonus through 3/31)
• Air Canada Aeroplan (1:1, Star Alliance)
• Air France/KLM Flying Blue (1:1, SkyTeam)
• Avianca LifeMiles (1:1, Star Alliance, +20% bonus through 3/31)
• British Airways Avios (1:1, OneWorld)
• Cathay Pacific Asia Miles (1:1, OneWorld)
• EVA (2:1.5, Star Alliance)
• Etihad (1:1, No alliance)
• Emirates (1:1, No alliance)
• Finnair (1:1, OneWorld)
• Qantas (1:1, OneWorld)
• Singapore (1:1, Star Alliance)
• TAP Air Portugal (1:1, Star Alliance)
• Turkish Airlines (1:1, Star Alliance)
• Virgin Red/Virgin Atlantic (1:1, No alliance)
• Accor Hotels (2:1)
• Choice Hotels (1:1)
• Wyndham Hotels (1:1, +20% bonus through 3/31)

You can earn Capital One miles on cards like:

• Capital One Venture Rewards Credit Card X Rewards Credit Card: Earn 100,000 bonus miles+$200 vacation credit through 3/14, plus earn 2 miles per dollar spent, $300 annual travel credit, 10K anniversary bonus miles, Global Entry/Pre-Check, Capital One lounge access, Priority Pass Lounge membership, and more. Read more here.
• Capital One Venture Rewards Credit Card: Earn 60,000 bonus miles, plus 2 miles per dollar spent.
• Capital One Spark Miles for Business: Earn 50,000 bonus miles, plus 2 miles per dollar spent.
• Capital One Spark Cash Plus: Earn up to 300,000 bonus miles through 3/14, plus 2 miles per dollar spent, convertible into transferrable miles with any of the 3 cards above.