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Capital One is offering a 20% bonus on transfers to Air France/KLM Flying Blue through June 30, 2019. With only a few days remaining in the promotion, we've summarized a few sweet spot redemptions.
- Transfer points by 11:59 p.m. ET on June 30, 2019
- Receive a 20% bonus when transferring miles to Air France/KLM Flying Blue
- Receive 900 Flying Blue miles for every 1,000 Capital One miles
This bonus is only available if you have one of the following Capital One cards:
- Capital One Venture Rewards Credit Card
- Capital One VentureOne Rewards Credit Card
- Capital One Spark Miles for Business
- Capital One Spark Miles Select for Business
Capital One Transfer Partners
Capital One miles are transferable to the following 15 airlines:
|Transfer Partner||Transfer Ratio|
|Aeromexico Club Premier||1,000 : 1,000|
|Avianca LifeMiles||1,000 : 1,000|
|Cathay Pacific Asia Miles||1,000 : 1,000|
|Etihad Guest||1,000 : 1,000|
|Finnair Plus||1,000 : 1,000|
|Qantas Frequent Flyer||1,000 : 1,000|
|TAP Air Portugal (Miles&Go)||1,000 : 1,000|
|Air Canada Aeroplan||1,000 : 750|
|Air France/KLM Flying Blue||1,000 : 750|
|Alitalia MilleMiglia||1,000 : 750|
|British Airways (Executive Club)||1,000 : 750|
|EVA Air Infinity MileageLands||1,000 : 750|
|JetBlue TrueBlue (Ratio improved February 2020)||1,000 : 750|
|Turkish Airlines (Miles&Smiles)||1,000 : 750|
|Emirates Skywards||1,000 : 500|
|Singapore KrisFlyer||1,000 : 500|
Using Capital One Miles
Capital One offers the above-mentioned four credit cards, which earn transferable miles. Normally, 1,000 Capital One miles = 750 AirFrance/KLM Flying Blue miles. With the 20% bonus, 1,000 Capital One miles convert into 900 Flying Blue miles.
Given that the Capital One Venture and the Spark Miles credit cards earn 2 miles per $1, this transfer bonus provides nearly 2 Flying Blue miles per $1 spent. This is a solid ratio, especially since 2 miles are earned on all purchases (not just bonused categories).
Although Air France/KLM awards can include high taxes, decent redemptions are available. If you have an award in mind–especially to a Flying Blue Promo Rewards destination, the bonus can be worthwhile. Flying Blue Promo Rewards need to be booked by June 30, 2019. Discounted prices are good for travel from August 1st to September 30th.
A few of our favorite award sweet spots include:
25% discount on Business Class from Europe to Chicago
A one-way business class award from Paris to Chicago is 43,500 Flying Blue miles + $350 in taxes. Incorporating the bonus, this redemption requires ~49,000 Capital One miles. Although the taxes are steep, a business class ticket costs ~$5,500 with AirFrance/KLM. If you do the math, $5,500 – $350 / 49,000 Capital One miles is over ten cents per mile, which is an outstanding value. Furthermore, business-class awards typically average 55,000-70,000 miles from Europe to the U.S. (with varying tax surcharges), so if you have been considering splurging on a business-class experience, this could be the perfect opportunity.
Economy from the U.S. to Mexico
Want to fly to Mexico on miles? Although not a Promo Reward, it only costs 14,500 Flying Blue miles + $55 in taxes. Comparatively, United charges 17,500 miles + $35 in taxes, and American Airlines charges 17,500 (or 15,000 off-peak) + $35 in taxes. Though the miles required for United and AA are comparable to AirFrance, it’s much easier to earn Flying Blue miles since AirFrance/KLM is a transfer partner of Chase Ultimate Rewards, Amex Membership Rewards, Capital One and Citi ThankYou. Incorporating the bonus, only 17,000 Capital One miles are needed for this redemption.
It’s good to see Capital One offering transfer bonuses. Ever since Capital One added airline transfer partners in 2018, its reward program has become far more valuable. If you have a redemption in mind, especially to Promo Reward destination, this 20% bonus could be advantageous. AirFrance/KLM allows you to put a reservation on hold for up to 48 hours by phone, which can be useful if you still need to make a miles transfer.
Here is the full list of Promo Rewards available through June 30th.
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