Last Call: 20% Capital One Transfer Bonus and Flying Blue Promo Rewards

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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.  

Key Terms

  • 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

Credit cards without a link are are not available on this site. If you would like to support AwardWallet through an affiliate link, you can find more offers from Capital One on our partner site.

Capital One Transfer Partners

Capital One miles are transferable to the following 15 airlines:

Transfer PartnerTransfer Ratio
Aeromexico Club Premier2:1.5 or 1000:750
Air Canada Aeroplan2:1.5 or 1000:750
Air France/KLM Flying Blue
2:1.5 or 1000:750
Alitalia MilleMiglia2:1.5 or 1000:750
Avianca LifeMiles2:1.5 or 1000:750
Cathay Pacific Asia Miles2:1.5 or 1000:750
Emirates Skywards2:1 or 1000:500
Etihad Guest2:1.5 or 1000:750
EVA Air Infinity MileageLands2:1.5 or 1000:750
Finnair Plus2:1.5 or 1000:750
Hainan Airlines Fortune Wings Club2:1.5 or 1000:750
JetBlue TrueBlue2:1 or 1000:500
Qantas Frequent Flyer2:1.5 or 1000:750
Qatar Airways Privilege Club2:1.5 or 1000:750
Singapore KrisFlyer2:1 or 1000:500

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 AirFrance/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.

Our Take

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.

Last Call: 20% Capital One Transfer Bonus and Flying Blue Promo Rewards
5 (100%) 5 votes
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Comments

  • That’s a good bonus. AF/KLM is a good quality airline in my experience. The swap to Emirates or Singapore on the other hand don’t look such good value. Shame, as they are highly rated airlines.

  • Helpful post and more useful if you give few sweet spot locations with partner airlines and how points transfer gives more value

  • Not a fan of their airline but like their delta redemptions

  • I have used all my Flying Blue miles and will not be transferring any points into this account. I have a strong dislike for fuel surcharges.

    • Yes, I think you’re being quite polite when you say “strong dislike.” Fuel charges not only mean your points redemption has a charge, but they’re frequently only revealed at the end of pricing a ticket. Not consumer friendly in the least.

  • … always good when there’s a bonus, but not particularly enticing for most readers

  • The_Bouncer says:

    The flights to Mexico are a good deal.

  • Nice to know about any bonus but for some reason Capital One won’t give me a card! (Actually I know it’s because I have too many other cards)

  • Not bad, but likely not good enough for most of us here currently.

  • Steven William Van Meter says:

    You had me at the 20 percent bonus. Tha’s significant by any calculation.

  • The Arts Traveler says:

    I like the Flying Blue program. Lots of value but finding it is a challenge. I don’t have Capital One. Maybe I will consider.

  • A great bonus. Don’t care for fuel charges though.

  • Transfer bonuses are cool. I hope they do other promotions with other airlines as well.

  • I love transfer bonuses especially where you are allowed to make a reservation and keep it on hold for 48 hours. This is quite a plus for the Flying Blue carriers.

  • Even with the bonus, the ratios are not good. They should at least make it 1:1.

  • If you can combine this with Flying Blue promo awards that’s a heck of a deal.

  • This may come in handy for an upcoming trip. Thanks for the heads up.

  • Haven’t gotten a capital one card yet but offers like these are making me consider it. Now that citi has completely destroyed their travel benefits, starting to invest/accumulate capital one miles seems more useful.

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