What is Capital One Miles's devaluation history?

Name: Capital One Miles devaluation history
Creator: Miles Mosaic
License: https://milesmosaic.com/about/terms/

Capital One Miles last devalued on 3 December 2025 (255 days ago). 1 recorded devaluation and 0 enhancements since 2025.

Full history

Capital One Miles Moderate Transfer ratio

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