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Capital One recently surprised cardholders with new transfer partners, better transfer rates, and announced new airport lounges. Now, Capital One is back with a new lounge and a couple of new transfer bonuses. Here's what you need to know.
Capital One News Summary
- A new Capital One lounge will open in Denver in 2022
- New 20% transfer bonus when transferring Capital One points to Aeromexico
- Upcoming 33% transfer bonus when transferring your Capital One points to British Airways
Capital One Denver Lounge Announcement
In April 2021, Capital One announced two new lounges: Dallas/Fort Worth (DFW) and Washington Dulles (IAD). Now, Capital One is announcing a third lounge in Denver (DEN). Set to open up sometime in 2022, the all-new lounge will be approximately 11,200 square feet and located in Concourse A.
The Denver lounge will include relaxation rooms, shower suites, private meeting rooms, and working spaces, a separate parents room, and lockers for your luggage.
Capital One Dallas Fort-Worth Lounge Details
Capital One has also released more details on the Dallas-Fort Worth lounge. Scheduled to open in mid-2022, the lounge will be located in Terminal D near Gate 22. Highlights of the new lounge include a cycling and yoga room with Peloton bikes and yoga mats.
Additionally, the lounge will have private meeting rooms, shower suites, quiet working spaces with power outlets, nursing rooms for parents, and even a multi-faith room for travelers looking to pray and meditate.
New Venture Miles Transfer Bonus Promotions
Capital One allows you to transfer your miles to 19 hotel and airline partners. In addition, Capital One will offer incentives to transfer Venture miles to some of its partners. For example, you recently could receive a 25% bonus when transferring your Venture miles to Avianca LifeMiles. Now, Capital One is announcing two new transfer bonuses:
Starting July 12, Capital One is launching a new 20% transfer bonus to the Aeromexico (Club Premier) loyalty program to launch a 20% miles transfer promo.
British Airways is the second promotional transfer option. Normally, Capital One miles transfer to British Airways Avios at a rate of 2:1.5. So, you'd receive 750 Avios for every 1,000 Capital One miles transferred. From August 1 to August 31, Capital One Venture and Spark Miles account holders will receive a 33% bonus on all miles transferred to the British Airways Avios. This brings the transfer rate to an even 1:1. During the transfer bonus, 1,000 Capital One miles would yield 1,000 Avios.
Maximizing These Transfer Bonuses
Aeromexico Club Premier
Round-the-world award tickets are best known with loyalty programs like ANA or Singapore Air. But, as a partner of the SkyTeam airline alliance, Aeromexico gives you the option to book the SkyTeam Go Round the World Pass. And it ain't too shabby. You can have up to 15 stops and you'll have an entire year to take the trip. In order to book, you'll need to call in at 855-412-2650.
British Airways Avios
You can transfer bank points to British Airways Avios from Amex Membership Rewards (1:1), Chase Ultimate Rewards (1:1), or Capital One Miles (4:3). As you can see, Capital One's transfer rate to British Airways Avios is one of the worst on the market.
That's going to change temporarily in August 2021 thanks to the 33% transfer bonus. You'll be able to transfer Venture miles to Avios at a 1:1 ratio.
You can get much better when transferring from programs like Membership Rewards during one of its transfer promos. For example, you can get up to a 30% to 40% bonus when these promotions come around. But, if you do so happen to find yourself with Capital One miles and a lack of Avios for whatever reason, then it's nice to have this option and can still provide fantastic value.
Avios sweet spots are many but one of my favorites is for its short-haul flights. Flights under 650 miles in the United States run just 7,500 Avios. Outside of the US, redeem your Avios on short-haul flights under 650 miles for under 5,000 Avios.
Capital One has been on a roll with enhancing its transfer partners program, and these new transfer bonus opportunities definitely sweeten the deal. The announcement of 3 new lounges is also especially exciting — although we are still waiting for more details on membership and entrance.
What do you think of these announcements from Capital One?
- Earn 60,000 Miles once you spend $3,000 on purchases within 3 months from account opening; worth $600 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
- 2 Miles on every purchase
- Fee credit for Global Entry or TSA Pre✔® (up to $100)
- No foreign transaction fees
- $95 annual fee
- 2 Miles per dollar on every purchase, every day.
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