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Capital One just announced a 20% transfer bonus to Air France/KLM Flying Blue. The promotion is valid for transfers through September 30, 2021. Typically, Capital One miles transfer to Flying Blue at a ratio of 1,000:750. But, with this transfer bonus, you'll get 900 Flying Blue Miles for every 1,000 Capital One miles transferred.
Since the creation of the Capital One mileage transfer program, we have seen this promotion several times. While a 20% isn't great, it's near the top end of bonuses offered by Capital One to Flying Blue.
- The promotion is valid for transfers through September 30, 2021. 11:59 p.m. E.T.
- Receive a 20% bonus when you transfer Capital One miles to Air France/KLM Flying Blue.
- With the promotion, receive 900 miles for every 1,000 Capital One miles you transfer.
- Transfers can be make 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.
- 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.
For example, you can use this transfer bonus to transfer 58,900 Capital One miles to 53,010 Flying Blue miles (if you have enough miles):
That's enough Flying Blue miles to fly business class from Chicago to Rome:
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?
Ultimately this is not the greatest of deals due to the initial poor transfer ratio from Capital One to Flying Blue. Typically Capital One transfers to Flying Blue at a ratio of 2:1.5 with a minimum of 1,000 miles yielding 750 Flying Blue miles. With this promotion, you get a ratio of 10:9 — which is better but not great. Note that Capital One improved the transfer rate to Flying Blue to 1:1 as of October 7, 2021.
If you want to transfer a substantial number of points to Flying Blue, you are best served to look elsewhere. Fortunately, you can transfer every major flexible credit card points currency (Chase, Amex, and Citi ThankYou) at a standard ratio of 1:1. That's better than what is on offer with the promotion.
During this September 2021 transfer bonus, you can’t go wrong looking at American Express Membership Rewards — which is currently running a promotion offering a 25% bonus when you transfer points to Capital One.
On the other hand, this promotion can be worthwhile if you only need a small number of miles and have a relatively small balance of Capital One Miles that you are looking to consolidate.
Capital One Flying Blue Transfer Bonus History
Capital One has offered this same 20% transfer bonus offer twice before:
- 20% transfer bonus through June 30, 2019
- 20% transfer bonus through November 30, 2019
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!
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