Overview

• Members receive a 1,000:1,150 transfer ratio on Capital One points through August 31, 2025.
• Transfers post instantly without registration and there is no cap on bonus miles earned.
• LifeMiles expire 12 months after the last earning activity and redemptions do not reset that clock.
• Recent program changes have raised award costs and exposed inconsistent partner inventory on Star Alliance carriers.
• Despite the devaluations and booking quirks, premium cabin redemptions often deliver strong value for members.