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moderateJanuary 13, 2026Capital One · Capital One Miles → Emirates SkywardsElevatedtransfer ratio cut
Capital One cuts Emirates transfers to 1,000:750
1:1 → 1,000:750
Effective January 13, 2026 at 12:00 a.m. ET, the transfer ratio from Capital One Miles to Emirates Skywards dropped from 1:1 to 1,000 Capital One miles = 750 Skywards miles (a 25% reduction). Capital One posted the change on its transfer partners page in advance. This followed similar cuts by Citi and Amex and the complete removal of Emirates by Chase.
What to do: Bilt remains the last major U.S. transferable currency still offering 1:1 transfers to Emirates.
Related changes
- February 1, 2026Free guest and authorized-user lounge access ends for Venture X · Capital One
- September 23, 2025Japan Airlines Mileage Bank, Qatar Airways Privilege Club and I Prefer Hotel Rewards added as transfer partners · Capital One
- October 7, 2021Transfer ratios improved to 1:1 for six major airline partners · Capital One