What is Capital One Miles's devaluation history?
Capital One Miles last devalued on 3 December 2025 (306 days ago). 1 recorded devaluation and 0 enhancements since 2025.
Value of 100,000 Capital One Miles points in USD
Valuations: Miles Mosaic reference table, snapshotted monthly. Points with no snapshot are estimated from recorded events and labelled as estimates (dashed).
Full history
Announced 3 Dec 2025 · 13 Jan 2026 · -25.0%
Capital One cut its Emirates Skywards transfer ratio from 1:1 to 1,000:750, a 25 percent devaluation
Source: One Mile at a Time, verified 7 Aug 2026
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