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Capital One® Venture® Rewards Credit Card cardholders gained the ability to transfer to airline frequent flyer miles late last year.
Now they’re launching their 6th transfer bonus of the year: a 20% bonus on transfers to Air France KL Flying Blue through November 30th at 11:59 PM Eastern. That boosts their normal transfer rate of 2:1.5 up to 2:1.8 for the duration of the promo.
Copyright: radututa / 123RF Stock Photo
Capital One’s Regular Transfer Bonuses
Capital One miles transfers are less than a year old. They started running transfer bonuses in March. And already they’ve made it a regular feature of the program, running:
- 100% bonus on transfers to Emirates Skywards
- 50% bonus on transfers to JetBlue TrueBlue
- 20% bonus on transfers to Air France KLM Flying Blue
- 25% bonus on transfers to Avianca LifeMiles
- 33.3% bonus on transfers to Qantas Frequent Flyer
You Can Pool Your Points in Air France KL Flying Blue From Several Programs
American Express, Citibank, Chase and Capital One all have Air France KLM as a transfer partner.
That means it’s easy to build up a balance in Air France KLM Flying Blue if that’s useful to you. It’s a place you can pool points from several different cards.
Ways to Leverage Capital One’s Transfer Bonus to Air France KLM
Air France KLM is a useful program for pooling miles towards an award because they offer better availability to their own Flying Blue members than they do members of partner frequent flyer programs,
Award availability US – Europe in my opinion is often very good in business class, and mileage prices are reasonable – even before their monthly promo award discounts.
And Capital One is in a better position to capitalize on transfer bonuses for new cardmembers and to encourage increased card spend than most issuers because points become available when transactions post to your card account (“between 1-3 business days after pending transactions charge to your statement”) you do not have to wait until statement close (or worse still, paying off a statement or the following statement close).
Other Transfer Options for Capital One Miles
Here’s Capital One’s list of airline transfer partners and standard transfer rates:
|Airline Frequent Flyer Program||Transfer Ratio|
|Aeromexico Club Premier||2-to-1.5|
|Air Canada Aeroplan||2-to-1.5|
|Air France KLM Flying Blue||2-to-1.5|
|Alitalia MilleMiglia Program||2-to-1.5|
|Cathay Pacific Asia Miles||2-to-1.5|
|Etihad Airways Etihad Guest||2-to-1.5|
|EVA Air Infinity MileageLands||2-to-1.5|
|Hainan Airlines Fortune Wings Club||2-to-1.5|
|Qantas Frequent Flyer||2-to-1.5|
|Qatar Airways Privilege Club||2-to-1.5|
|Singapore Airlines Krisflyer||2-to-1.0|
Transfer Bonuses Have Become an Integral Part of the Venture and Spark Miles Programs
Already on their sixth transfer bonus of the year, having just launched transferable points, and Capital One has shared in the past that “limited-time offers like this will be another major perk for Venture and Spark Miles account holders to take advantage of.” So I look forward to seeing what’s next!