Beginning Tuesday, Capital One is including two new companions to its record of accessible switch choices for the Enterprise or Spark miles you earn. Cardholders with the playing cards under will have the ability to switch their miles to 2 resort 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 resort 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 present the one foreign money that transfers to Wyndham or Accor resorts. Whereas it's at all times nice to have extra choices along with your miles and factors, we don’t discover both of those ratios very compelling for many vacationers.
Wyndham Rewards has a three-tiered award chart, with resorts costing 7,500, 15,000 or 30,000 Wyndham Rewards factors per night time. That might imply you would want between 10,000 and 40,000 Capital One miles transferred to Wyndham to e book an award keep. Bear in mind you can simply redeem Enterprise Miles for 1 cent per level towards journey, so it's probably you'll have the ability to discover money charges that may be a greater worth than this switch.
Accor Lodges is primarily centered in Europe and has a singular rewards program. As a substitute of getting a separate award chart for factors bookings, you should utilize 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 present 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 have to switch a minimal of 1,000 Enterprise or Spark miles at a time and switch in 100-mile increments.
Capital One to JetBlue switch ratio enhancing
It's not usually that you simply discover a miles or factors program truly enhancing advantages, however that's precisely what is going on 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 degree when this partnership was launched in Could 2019,
Whereas any enchancment to switch ratios is best than a devaluation, JetBlue nonetheless stays a reasonably weak switch companion 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 value of the flight.
NerdWallet values JetBlue TrueBlue miles at 1.three cents per mile, so even with the improved ratio, it can 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 bear 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 will probably be extremely beneficial to most vacationers.
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