Posted by William Charles on March 24, 2019
Airline Rewards

Published on March 24th, 2019 | by William Charles

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[Expired] Capital One Transfer Bonus: 100% Bonus To Emirates (1:1 Rate) [Last Day]

Deal has expired, view more Capital One deals by clicking here.

The Offer

  • You can currently receive a transfer bonus of up to 100% when you transfer Capital One miles to Emirates miles. Normally you can transfer 2,000 Capital One miles and receive 1,000 Emirates miles, during this promotion transferring 2,000 Capital One miles will result in 2,000 Emirates miles.

The Fine Print

  • Valid until March 24th, 2019 11:59PM EST

Our Verdict

This is the first transfer bonus we’ve seen from Capital One. They first added 12 transfer partners in November of last year and then added a further 2 partners in December. Rates are normally either 2:1.5 or 2:1 depending on the transfer partner. A 100% transfer bonus sounds fantastic, but when the normal transfer rate is so poor to begin with it really just brings Capital One in line with all of the other flexible point programs that offer 1:1 transfer rates as standard. How useful this transfer bonus is will really depend on how you value Capital one miles and Emirates miles.



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Sevillada
Sevillada

If they just approved more people…that would be fun

Daniel
Daniel

You can’t really can’t compare the transfer rate to the other transferable currencies since Capital One cards earn 2 point/dollar on regular spend.

Rick
Rick

Yeah it basically is 1 mile/dollar or 1.5 mile/dollar. Not very impressive.

Daniel
Daniel

With this promo it’s 2 miles per dollar on “regular” spend. That’s good in my book.

Many of the points transfer at Capital One at 1.5 Cap1 point > 1 Airline mile. If you earned one Cap1 point per dollar spent, yes, that would be horrible.

But since you earn two, that’s 1.5 Airline mile per dollar spent. That matches the nonbonused spend of the Chase Freedom Unlimited and is better than nonbonused spend at of the other major currencies.

Diamond Vargas
Diamond Vargas

I would argue that 1.5 miles / dollar, available on all spend and with no annual cap, is actually very impressive and competitive with the best alternatives.

Jeremiah
Jeremiah

Emirates miles are only worthwhile if you’re fine paying out the nose for Emirates First class.

Unless you value flying that particular product extremely highly, and don’t mind dropping a good amount of cash as fees, Emirates miles are only otherwise potentially useful for upgrades from paid tickets.

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