Beginning Tuesday, Capital One is including two new companions to its listing of accessible switch choices for the Enterprise or Spark miles you earn. Cardholders with the playing cards beneath will have the ability to switch their miles to 2 lodge manufacturers, Wyndham and Accor:
Capital One has additionally elevated the worth of its miles switch to JetBlue.
New switch choices with Wyndham and Accor
Transfers to the lodge companions can have the next ratios:
Wyndham Rewards at a fee of two:1.5 (1,000 Enterprise or Spark miles = 750 Wyndham Rewards factors).
Accor Dwell Limitless (ALL) at a fee of two:1 (1,000 Enterprise or Spark miles = 500 ALL Rewards factors).
Capital One is at the moment the one forex that transfers to Wyndham or Accor accommodations. Whereas it’s all the time nice to have extra choices along with your miles and factors, we don’t discover both of those ratios very compelling for most vacationers.
Wyndham Rewards has a three-tiered award chart, with accommodations costing 7,500, 15,000 or 30,000 Wyndham Rewards factors per evening. That may imply you would wish between 10,000 and 40,000 Capital One miles transferred to Wyndham to guide an award keep. Keep in mind which you could simply redeem Enterprise Miles for 1 cent per level towards journey, so it’s doubtless you’ll have the ability to discover money charges that might be a greater worth than this switch.
Accor Motels is primarily centered in Europe and has a novel rewards program. As an alternative of getting a separate award chart for factors bookings, you should use 2,000 Accor factors to take 40 euros off of your invoice. The 4,000 miles you’d switch is also used to take $40 off your invoice by way of Capital One. Since $1 is at the moment price barely lower than 1 euro, transferring to Accor would get you a slight profit at the price of a little bit of flexibility.
You’ll additionally must switch a minimal of 1,000Enterprise or Spark miles at a time and switch in 100-mile increments.
Capital One to JetBlue switch ratio bettering
It’s not usually that you simply discover a miles or factors program really bettering advantages, however that’s precisely what is occurring with Capital One and JetBlue. As of Feb. 4, 2020, Capital One Enterprise or Spark miles will now switch to JetBlue at a ratio of two:1.5 (1,000 Enterprise or Spark Miles = 750 JetBlue TrueBlue factors). This completely returns the switch ratio to its authentic promotional stage when this partnership was launched in May 2019.
Whereas any enchancment to switch ratios is healthier than a devaluation, JetBlue nonetheless stays a reasonably weak switch accomplice for Capital One miles. JetBlue has a cash-based award chart, the place the variety of JetBlue TrueBlue miles a flight requires relies on the money price of the flight.
NerdWallet values JetBlue TrueBlue miles at 1.three cents per mile, so even with the improved ratio, it is going to hardly ever make sense to switch 2 Enterprise miles (price 1 cent every) into 1.5 TrueBlue miles (for a complete worth of 1.95 cents).
You’ll get barely much less worth by way of this switch. And keep in mind shopping for a money ticket that you simply later offset with Enterprise miles would allow you to earn further TrueBlue miles, which you received’t earn on an award flight.
The underside line
Whereas further switch companions and improved switch ratios beat the choice, none of those three switch choices shall be extremely beneficial to most vacationers.
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