Are you a Capital One Venture cardholder? If you are, or if you intend to become one, you will be happy to know that Capital One has introduced a brand new feature that makes these credit cards much more appealing.

Capital One understands its customers are passionate about travel and are always looking for great value to maximize their experiences. This is precisely why Capital One is giving Venture customers another great way to redeem and maximize their miles just the way they like it.

What is the new perk all about?

Venture cardholders who enjoy traveling or employing travel hacks to snag free flights will benefit most from Capital One's new perk: Venture cardholders will be able to transfer their miles to any one of 14 travel loyalty programs starting December 10, 2018.

While there are 14 partner travel loyalty programs Venture cardholders can transfer their miles to for now, Capital One promises more travel loyalty programs will be added to the mix on an ongoing basis.

The 14 current partners include (accurate as of December 2018):

  • Aeromexico (Club Premier)
  • Air Canada (Aeroplan)
  • Air France KLM (Flying Blue)
  • Alitalia (MilleMiglia Program)
  • Cathay Pacific (Asia Miles)
  • Avianca (LifeMiles)
  • Etihad Airways (Etihad Guest)
  • EVA Air (Infinity MileageLands)
  • Finnair (Finnair Plus)
  • Hainan Airlines (Fortune Wings Club)
  • Qantas (Qantas Frequent Flyer)
  • Qatar Airways (Privilege Club)
  • Emirates (Emirates Skywards)
  • Singapore Airlines (KrisFlyer)

What is the miles transfer rate?

Venture cardholders can transfer their miles to the list of airline frequent flyer programs illustrated above at a rate of 2 Venture miles to 1.5 airline miles.

One important note: For those transferring miles to Emirates Skywards or Singapore Airlines KrisFlyer frequent flyer program, the conversion rate stands at 2 Venture miles to 1 airline mile.

Can I choose not to transfer my Venture miles to partner airline loyalty programs?

In case you were wondering, the answer is yes. Venture cardholders will, of course, continue to enjoy redeeming their miles with no blackout dates on all travel purchases such as flights, hotels, cruises, rental cars, etc.

All you have to do is log in to your account online or call Capital One's Rewards Center to redeem miles and receive an account credit for the cost of any travel expense.

What else do I have to know?

Capital One® Venture® Rewards Credit Card cardholders can already earn unlimited 2X miles on every purchase, which can be redeemed for any travel expense. With the newly introduced miles transfer benefit, Venture customers can enjoy even more flexibility when it comes to redeeming their rewards miles as they now have the option to transfer their Venture miles to participating airline frequent flyer programs.

Customers who transfer their Venture miles to participating airline loyalty programs can look forward to booking airline award tickets (including First and Business Class where applicable), accessing points transfer promotions from leading travel brands, topping off mileage accounts to maximize redemptions, upgrading existing bookings and more.

The new miles transfer benefit is also available to Capital One® VentureOne® Rewards Credit Card, Capital One® Spark® Miles Select for Business and Capital One® Spark® Miles for Business cardholders.