Transfer to Emirates Skywards
4 US cards convert into Emirates Skywards. Here's every path, the ratio, and any live bonuses.
- 1:1 transfer
- Less than 1:1 (haircut)
- Active bonus
Cards that transfer in
| Card currency | Ratio | Active bonus | Path expires |
|---|---|---|---|
| American Express Membership Rewards | 5:4 | None | — |
| Citi ThankYou Points | 5:4 | None | — |
| Capital One Miles | 4:3 | None | — |
| Bilt Rewards | 1:1 | None | — |
Sweet spots anchored to Emirates
- Emirates First Class to Dubai186,000 pts · 9.2 cpp
Recent devaluations affecting Emirates
Ratio changes, partner removals, and chart restructures from issuers that transfer into this program.
Emirates Skywards devalues awards by 15%, introduces one-way Business Classic tier
Emirates Skywards has devalued award pricing by 15% across its program and introduced a new one-way Business Classic rewards tier.
Capital One Miles to Emirates devalues from 1:1 to 4:3
Capital One Miles to Emirates Skywards transfer ratio dropped from 1:1 to 4:3 effective January 13, 2026. Roughly a 25% effective haircut.
Amex MR to Emirates devalued from 1:1 to 5:4 (US)
American Express US Membership Rewards to Emirates Skywards transfer ratio dropped from 1:1 to 5:4 effective September 16, 2025. A 20% effective haircut.
See the full devaluations tracker or subscribe via RSS for alerts on new entries.
Other independent programs
Have balances? Open the Radar to see which of these paths actually covers a sweet spot from your home airport.
Browse the full transfer partners matrix to compare across every issuer and destination.