Capital One Announces a New Airport Lounge, Two Points Transfer Bonus Promotions

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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.

Book a flight from Madrid to Barcelona for 4,500 Capital One Miles during transfer bonus
A flight from Madrid (MAD) to Barcelona (BCN) runs just 4,500 Avios.

 

Final Thoughts

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?

Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
Annual Fee$95
Welcome Offer Earn 60,000 Miles once you spend $3,000 on purchases within 3 months from account opening.
Following the revamp of Capital One's rewards program and the addition of airline transfer partners, the Capital One Venture has catapulted into our list of top travel rewards cards. The ability to earn 2X miles on every purchase provides a decent return on spending. Plus the card offers some great perks.
  • 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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Comments

  • Any updates on the new Capital One lounge at Dulles? I wonder if it will open before Dallas!

    • The latest that we have from a week ago is: “a brand new Capital One lounge location at the Denver International Airport (DEN), opening in 2022. This is in addition to lounges at Dallas/Fort Worth Airport (DFW) airport, opening this fall, and Dulles International Airport (IAD), opening in mid-2022.”

  • The structure of the new lounges is super exciting. The concern for the well-being of passengers, including relaxation rooms, work spaces and now a fitness space, surprises in a very positive way.

  • Normally I don´t transfer points, except when there is a bonus for doing so

  • Capital One Venture is ONe of the WORST promo for CC’s in past 10 years!

    “100,000 miles when you spend $20,000 on purchases in the first 12 months ”

    Capital One needs to drop the spend to $4000 in first 3 months!

    Although point transfer benefit is nice Capital One is abusing the CC game asking for $2k spend ona basic travel card!

  • Capital One seems to be getting better as a supplement to other loyalty programs as they have been trimming their benefits.

  • With so many people now having access to lounges via credit cards, all I can say is the more the better.

  • Hope we will soon know more details about their lounge entry requirement!

  • Monica Lu says:

    From my point of view, any improvement is excellent and even more so in this time where, due to covid19, social distancing must be maintained. It seems extraordinary to me to have more rooms. Great decision and I hope it will be a reality soon.

    Best Wishes Capital One.

    Monica Lu

  • Great to see a transfer bonus to BA! It’s been a minute

  • I’m certainly liking the direction that CapitalOne is taking here. Hope they can expand on this. One thing that’s interesting is that Capital One seems to be offering lounges that are mainly Plaza Premium lounges which means AmEx card holders will also have access to it. This would mean Capital One is mainly competing with Chase and Citi here instead of AmEx.

  • Where exactly will the DIA lounge be located?

  • Paul Davis says:

    Capital One is really starting to tick me off. I signed up a year ago for the Spark card to get 200000 points. And, now the Venture card with 100000 points.

    But, I had intended to use these points to erase travel costs where I couldn’t use points to pay. Now they’ve gone and made their points so much more valuable I don’t want to use them that way!

    I think their value has appreciated considerably in the past 2 years. But, now that I don’t want to use their points as travel expense erasers I’ve got to find an alternative.

    What would you suggest?

    Yes, I’m having some fun with my “complaint”

    • I’m in a similar situation, having also gotten the Venture and Spark cards in the past and using those miles for travel purchases. And unfortunately, CapOne doesn’t make it clear when you’re eligible for another bonus. So, we are stuck on the sidelines for now 🙁

  • So what are the entry requirements? And did I miss the Dulles lounge? Is that open now?

    • We still don’t know what the entry requirements / access will be. Hopefully Cap One doesn’t leave us hanging for too long on that.

      The DFW lounge will be the first to open “opening this fall” with Dulles International Airport (IAD) “opening in mid-2022”.