Transfer Capital One Miles to Flying Blue with a 20% Bonus. Fly US-Europe for Under 10k Miles.

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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 July 31, 2023. While a 20% transfer bonus is modest, this makes some Flying Blue sweet spots so much better. Here are the details and when it can make sense to transfer Capital One miles to Flying Blue during this transfer bonus promotion.

Key Terms of Capital One's Transfer Bonus to Flying Blue

• The promotion is valid for transfers through July 31, 2023 at 11:59 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 for Maximum Value

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, you can still find excellent value on flights from the U.S., including:

• Partner awards between the U.S. and Mexico from 10,500 miles on Delta.
• Awards between the U.S. and Europe or North Africa from 15,000 Flying Blue miles in economy one way and from 55,000 in business class one way.
• Awards from the U.S. to northern South America from 17,500 miles one-way in economy.

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.

For example, you can fly from Chicago O'Hare (ORD) to Paris (CDG) for just 15,000 Flying Blue miles each way. Even better, this route is included in Promo Rewards for July 2023, discounting the mileage price to 11,250 miles each way!

That means you only need to transfer 9,400 Capital One miles during this Flying Blue transfer bonus to be able to book a one-way flight to Europe!

Or, you can fly business class from Dallas/Fort Worth (DFW) to Budapest (BUD) for 55,000 miles. That only requires transferring 45.9k Capital One miles during this promotion.

Is It Worth It?

If you're already planning to redeem Flying Blue miles for a redemption, this is excellent timing. If not, do the math. We rarely 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.

Flying Blue Expiration Policy

Your Flying Blue miles will expire if you don't have qualifying activity in the past 24 months. Unfortunately, transferring your points to Flying Blue doesn't count as qualifying activity.

Make note that Flying Blue utilizes a unique mileage expiration policy. Importantly, miles that are earned through flying can only be extended through flying activities. You'll need to take a flight with Air France, KLM, or one of Flying Blue's SkyTeam partners if you are looking for a way to extend your mileage expiration. Or, you are able to extend the validity of your miles by spending on a Flying Blue co-branded credit card.

Because of these policies, be extra careful that you don't transfer Capital One miles to Flying Blue if you won't be able to use these miles over the next two years.

Want help keeping track of your Flying Blue expiration? Add your Flying Blue account to AwardWallet. You will be emailed if your Flying Blue expiration date is getting near.

Capital One Flying Blue Transfer Bonus History

Capital One has offered this same 20% transfer bonus offer a few times before. However, now that Capital One transfers to Flying Blue are at a 1:1 ratio, this deal is even better than in the past.

• 20% transfer bonus through June 30, 2019 (1,000:900)
• 20% transfer bonus through November 30, 2019 (1,000:900)
• 20% transfer bonus through September 30, 2021 (1,000:900)
• 20% transfer bonus through December 1, 2021 (1,000:1,200)
• 20% transfer bonus through August 31, 2022 (1,000:1,200)

Our Take

Since the launch of its airline transfer partner program, Capital One has improved transfer rates and launched several transfer bonus promotions. You can combine this latest Capital One transfer bonus to Flying Blue with Promo Rewards discounted flights to fly to Europe for under 10k Capital One miles — an excellent deal!

Remember that we generally don't recommend moving points speculatively and losing the flexibility of credit card points. However, if the promotion works with your travel plans and goals, then this offer can provide some good value.

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