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Capital One just launched a brand-new transfer bonus to Qantas Frequent Flyer. Through May 31, 2025 — and actually into June 1 –cardholders will receive a 20% miles bonus when transferring Capital One miles to Qantas. This transfer bonus is hard-coded for all cards that earn Capital One miles, so you will receive 1,200 Qantas points for every 1,000 Capital One miles you transfer.
But should you initiate a transfer to Qantas? Here's what you need to know.
Capital One-Qantas Transfer Bonus Overview
- Receive a 20% bonus when you transfer Capital One miles to Qantas Frequent Flyer.
- The promotion is valid through June 1, 2025, 3:59 am. ET.
- You need to log in to your Capital One account to see the offer.
- The minimum transfer is 1,000 Capital One miles.
- Transfers of more than 1,000 miles can be made in increments of 100 miles.
- During this promotion, each 100 Capital One miles transferred will net 120 Qantas points.
- It may take up to 24 hours for the points to be credited to your account, but this can take longer in some situations.
Best Uses of Qantas Points
When it comes to using your Qantas points, you have lots of excellent options. Like many airline programs, some of your best options will be to use your Qantas points for partner awards. A glance at the Qantas Classic Rewards partner award chart and you can find some excellent sweet spots, including:
- Short domestic awards on American Airlines (under 600 miles) from 8,000 points one-way. That's just 6,700 Capital One miles during this transfer bonus. We've found over 1,200 qualifying routes at this pricing.
- American Airlines awards from the U.S. East Coast to Europe (flights under 3,600 miles) for 20,300 points (17,000 Capital One miles) in economy or 57,000 points (47,500 Capital One miles) in business class.
- U.S. West Coast to Japan on Japan Airlines from 30,200 points (25,200 Capital One miles) in economy or 75,000 points (62,500 Capital One miles) in business class.
- Business class awards from the U.S. East Coast to Tel Aviv on El Al from 90,000 points plus taxes and fees (75,000 Capital One miles).
However, one important caveat is that Qantas plans to devalue its award charts on August 5, 2025. You can still book at current rates until then, but this isn’t a transfer bonus worth using unless you have an immediate need for Qantas points.
Cards That Earn Capital One Miles
To take advantage of this transfer bonus, you'll need to have a Capital One card that earns Capital One miles. Thankfully, there's no shortage of options, with annual fees ranging from $0 to $395:
- Capital One VentureOne Rewards Credit Card: Earn 20,000 miles once you spend $500 on purchases within 3 months from account opening.
- Capital One Venture Rewards Credit Card: 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening.
- Capital One Venture X Rewards Credit Card: Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening.
- 5 Miles per dollar on hotels and rental cars booked through Capital One Travel
- 5 Miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 1.25 Miles per dollar on every purchase, every day.
- 5X miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel
- 2X miles per dollar on all other purchases
- 10X miles per $1 on hotels and rental cars booked via Capital One Travel
- 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles per $1 on flights when booking via Capital One Travel
- 5X miles per $1 on vacation rentals booked via Capital One Travel
- 2X miles per $1 on all other eligible purchases
Small business owners also have several options for building a Capital One miles balance:
- Capital One Spark Miles Select for Business: Earn 50,000 miles once you spend $4,500 on purchases within the first 3 months from account opening.
- Capital One Spark Miles for Business: Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within 3 months from account opening.
- Capital One Venture X Business: Earn 150,000 Miles once you spend $30,000 in the first 3 months, and an additional 200,000 miles once you spend $200,000 in the first 6 months.
- 5X Miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
- 1.5 Miles per $1 on every purchase.
- 2X miles per dollar on every purchase, everywhere, no limits or category restrictions
- 5X miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- 10X miles per $1 on hotels and rental cars booked via Capital One Travel
- 5X miles per $1 on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles per $1 on flights booked via Capital One Travel
- 5X miles per $1 on vacation rentals booked via Capital One Travel
- 2X miles per $1 on other eligible purchases
Do Qantas Points Expire?
One thing to remember is that Qantas points do expire. Your Qantas points will expire if your account has no activity for 18 months. However, Qantas is relatively generous with what it considers “activity.” You can extend the validity of your Qantas points by transferring points in from Capital One or its other transfer partners. That means it should be easy to keep your points balance alive.
Our Take
This transfer bonus isn't earth-shattering, but it can make sense in the right circumstances. If you can justify it for yourself, ensure that you initiate your transfer before the bonus ends in the early morning hours on June 1, 2025.
Remember that this offer is unsuitable if you want to book an award immediately since it can take up to 24 hours for the points to hit your account. However, if you were planning on booking an award with Qantas soon, this promotion arrived in a timely manner and can be an excellent way to top up your Qantas account.
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