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Capital One just relaunched its 20% transfer bonus to Air France/KLM Flying Blue. The promotion is valid for transfers through December 1, 2021. With the recent improvement to Capital One transfers to Flying Blue (now 1:1), this bonus is better than previous iterations. These are the details and when it can make sense to utilize the promotion.
Key Terms
- The promotion is valid for transfers through December 1, 2021 at 4:59 p.m. U.S. Eastern Time.
- Receive a 20% bonus when you transfer Capital One miles to Air France/KLM Flying Blue.
- With the promotion, receive 1,200 miles for every 1,000 Capital One miles you transfer.
- Transfers can be made in increments of 100 Capital One miles
- Transfers to Flying Blue typically occur instantaneously.
Using Flying Blue Miles
Air France/KLM Flying Blue has some great sweet spots — especially if you are looking at international destinations for flights originating beyond the U.S. However, there is still excellent value to be had on flights from the U.S., including:
- Partner awards between the U.S. and Mexico from 14,500 miles on Delta.
- Awards between the U.S. and Europe or North Africa from 21,500 in economy one way and 53,000 in business class one way. And this can be reduced even more through Promo Rewards.
- Awards from the contiguous U.S. to the Middle East for 34,000 miles one-way in economy or 85,000 miles in business class.
- Economy class awards from the contiguous U.S. to Hawaii for 17,500 miles one way.
Now that Capital One transfers to Flying Blue are at a 1:1 ratio, this deal is even better than before.
For example, you can fly business class from Chicago to Rome for 53,000 miles. That only requires transferring 45,000 Capital One miles during this promotion.
In addition to the standard Flying Blue sweet spots, one of the best values that can be had is through the monthly Promo Rewards promotion. Every month Flying Blue discounts a wide range of global destinations for between 25% and 50%. Keeping an eye on the awards is well worth it since it only takes a couple of minutes to check each month, and there can be some great value to be had.
Is It Worth It?
If you have a redemption in mind, this is excellent. If not, do the math. We never recommend transferring speculatively just because you see a bonus. However, for those of you who either redeem Flying Blue miles often or have a redemption coming up soon, you should be really happy with the bonus.
Capital One Flying Blue Transfer Bonus History
Capital One has offered this same 20% transfer bonus offer a few times before:
- 20% transfer bonus through June 30, 2019
- 20% transfer bonus through November 30, 2019
- 20% transfer bonus through September 30, 2021
Our Take
Since the launch of its airline transfer partner program, Capital One has launched several transfer bonus promotions. While they do provide value — like all points-transfer promotions — it is never worth moving points speculatively and losing the flexibility of credit card points. However, if the promotion works with your travel plans and goals, then there is some good value to be had with this offer!
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Might be time to consider getting one of these cards
It’s always good when airlines expand their cooperation agreements. We all win.
This would be more attractive if you could book La Premiere with points…
Appreciate others feel differently, but I’m a big fan of Flying Blue
Hey any bonus is a good thing if you can use the points.
Tough to consider unless Capital One are your only option or desperate. The Amex transfer bonus blows it away.
Heck, the standard AmEx transfer rate – even w/o the current meaningful bonus – beats this. A program’s bonus rate really, really should be able to beat their competitor’s standard rate. Otherwise, it seems like confirmination that not in the same league.
Muy buena la promo para socios entre EE. UU. Y México por 14,500 millas con Delta y entre los EE. UU. Y Europa o África del Norte desde 21.500 en cl
económica .
Para tener en cuenta
Capitol One and Amex are offering these bonuses. Waiting on Chase!
Thus bonus is enough to encourage me to transfer across to FlyingBlue! That are some great ex-US redemptions
With a specific “sweet spot” redemption in mind, this offer could make a lot of sense. These are 2 underrated programs linking to provide what could be a very useful offer in the right context.
The suggested hierarchy from AMEX to Capital One in this case is useful. Thank you.