The Capital One mileage program has just added three new transfer partners — Japan Airlines Mileage Bank, Preferred Hotels & Resorts I Prefer, and Qatar Airways Privilege Club. While there’s value to all of those, in this post I’d like to focus specifically on Japan Airlines, as this is a unique partner for the program.
However, through October 18, 2025, we’re seeing a 30% transfer bonus between the two programs, meaning the transfer ratio is temporarily 1,000:975, so that’s pretty close to 1:1.
Keep in mind that many popular Capital One cards earn 2x miles per dollar spent, so you could be earning well over one Japan Airlines mile per dollar spent.
Of the four major transferable points currencies, Capital One is the only one to partner with Japan Airlines Mileage Bank, so that’s exciting. However, Bilt Rewards also partners with the program.
When it comes to actually redeeming for travel on Japan Airlines, I’d say the program is sort of valuable:
- Japan Airlines releases the same award space to its own members as it does to partner program members, so that doesn’t provide much of an advantage
- Redemption rates through Japan Airlines Mileage Bank may be a little lower than through partner programs, but given how hard it is to accrue the points, that’s not necessarily the reason you’d want to redeem through the program
- One advantage of Japan Airlines Mileage Bank is that you get access to award space 360 days out, right when the schedule opens, which is ideal in terms of accessing first and business class awards, especially given that the airline consistently opens award seats when the schedule opens
Japan Airlines Mileage Bank also has lucrative redemption rates on other airlines, including oneworld partners, and select non-oneworld partners, like Air France, Emirates, etc. For example, below is the distance based business class award chart.
A great solo travel tip spotted this week on One Mile at a Time.
