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Starting Tuesday, Capital One is adding two new partners to its list of available transfer options for the Venture or Spark miles you earn. Cardholders with the cards below will be able to transfer their miles to two hotel brands, Wyndham and Accor:

Capital One has also increased the value of its miles transfer to JetBlue.

New transfer options with Wyndham and Accor

Transfers to the hotel partners will have the following ratios:

  • Wyndham Rewards at a rate of 2:1.5 (1,000 Venture or Spark miles = 750 Wyndham Rewards points).

  • Accor Live Limitless (ALL) at a rate of 2:1 (1,000 Venture or Spark miles = 500 ALL Rewards points).

Capital One is currently the only currency that transfers to Wyndham or Accor hotels. While it’s always great to have more options with your miles and points, we don’t find either of these ratios very compelling for most travelers.

Wyndham Rewards has a three-tiered award chart, with hotels costing 7,500, 15,000 or 30,000 Wyndham Rewards points per night. That would mean you would need between 10,000 and 40,000 Capital One miles transferred to Wyndham to book an award stay. Remember that you can easily redeem Venture Miles for 1 cent per point toward travel, so it’s likely you’ll be able to find cash rates that would be a better value than this transfer.

Accor Hotels is primarily focused in Europe and has a unique rewards program. Instead of having a separate award chart for points bookings, you can use 2,000 Accor points to take 40 euros off of your bill. The 4,000 miles you’d transfer could also be used to take $40 off your bill via Capital One. Since $1 is currently worth slightly less than 1 euro, transferring to Accor would get you a slight benefit at the cost of a bit of flexibility.

You’ll also need to transfer a minimum of 1,000Venture or Spark miles at a time and transfer in 100-mile increments.

Capital One to JetBlue transfer ratio improving

It’s not often that you find a miles or points program actually improving benefits, but that’s exactly what is happening with Capital One and JetBlue. As of Feb. 4, 2020, Capital One Venture or Spark miles will now transfer to JetBlue at a ratio of 2:1.5 (1,000 Venture or Spark Miles = 750 JetBlue TrueBlue points). This permanently returns the transfer ratio to its original promotional level when this partnership was introduced in May 2019.

While any improvement to transfer ratios is better than a devaluation, JetBlue still remains a fairly weak transfer partner for Capital One miles. JetBlue has a cash-based award chart, where the number of JetBlue TrueBlue miles a flight requires is based on the cash cost of the flight.

NerdWallet values JetBlue TrueBlue miles at 1.3 cents per mile, so even with the improved ratio, it will rarely make sense to transfer 2 Venture miles (worth 1 cent each) into 1.5 TrueBlue miles (for a total value of 1.95 cents).

You’ll get slightly less value via this transfer. And remember buying a cash ticket that you later offset with Venture miles would let you earn additional TrueBlue miles, which you won’t earn on an award flight.

The bottom line

While additional transfer partners and improved transfer ratios beat the alternative, none of these three transfer options will be incredibly valuable to most travelers.

How to Maximize Your Rewards

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