Transfer Capital One to Air Canada Aeroplan — ratio, bonuses, sweet spots

How to transfer

The deal

1:1

Capital One → Aeroplan

Instant

Open Capital One →Open Aeroplan →

Cents per Aeroplan point

Economy

1.3¢

Business

1.8¢

First

2.0¢

Approx value per point on average bookings. Sweet-spot redemptions can hit 4.5¢+ per point.

Do this first

Confirm award space on Aeroplan BEFORE you transfer

Transfers are final and cannot be reversed. Open Aeroplan's site in another tab, sign in, and load the exact flight you want at the points price you expect. Come back only when you're ready to redeem.

Open Aeroplan award search →

What you should know

You need a free Aeroplan account

Capital One asks for your Aeroplan member number during the transfer. Sign up takes a minute and costs nothing.

Create Aeroplan account →

Minimum transfer: 1,000 Capital One points

You can't transfer less than 1,000, and transfers must be in increments of 1,000.

Usually within hours

Capital One → Aeroplan typically posts within a few hours, sometimes same-day. These are typical times, not guarantees — always confirm award space first because transfers can't be reversed.

Cancellation: cancellation has a fee

$150 CAD redeposit fee (waived on Latitude/Flex Premium fares or Super Elite status).

Fee: ~$110Window: Anytime pre-departureTaxes: Refunded minus fee

Points expiration

Capital One: Capital One miles never expire as long as your card account remains open.
Aeroplan: Aeroplan points expire after 18 months of no qualifying activity. Any earn or redeem resets the clock. Aeroplan Elite 35K+ status holders are exempt.
Heads up: your Capital One points don't expire, but Aeroplan points (after transfer) do.

Step by step

1
Open your card and click View Rewards
Log in to capitalone.com and open the Venture/Venture X card that earns miles. In the dark card-summary bar, click "View Rewards" under Rewards Miles.
2
Pick "Transfer rewards"
On the "How would you like to use your Miles?" screen, click the Transfer rewards tile (the airplane icon).
3
Find Aeroplan in the partner list and click Transfer Miles
Capital One shows featured partners first, then the full list. Scroll to Aeroplan — the ratio shown should be 1:1 — and click Transfer Miles on its row.
4
Enter your name and Aeroplan member number
The Primary Cardholder name must EXACTLY match the name on your Aeroplan account, or the transfer can be delayed. Type your member number twice to confirm, then click Next.
5
Enter the amount and click Complete Transfer
Type how many miles to move (1,000 minimum). The "Equates to" line shows what you'll get in Aeroplan miles. Click Complete Transfer. All transfers are final — confirm award availability on Aeroplan.com first.
6
Save the confirmation
You'll see a Success screen with a confirmation code and an email receipt. Capital One transfers usually post within 24 hours but can take longer for some partners.

What Aeroplan points are great for

Lufthansa First Class to Frankfurt

90–100k Aeroplan pts

JFK → FRA·First class·Aspirational

The most famous redemption in points. ~$15k retail.

Sweet-spot pricing means Aeroplan charges far fewer points for these specific routes than the cash value of the ticket — typically 4.5¢+ per point versus the average of 1.6¢.

Watch out

!Mixed-cabin priced at lower tier
!Free stopover on partner awards for +5k points

Other ways to get Aeroplan points

Official sources

https://www.aircanada.com/ca/en/aco/home/aeroplan/use-your-points/flights.html →

Transfer ratios verified 2026-05-01. Programs change terms occasionally — confirm on the official site before transferring.