Capital One Venture Rewards Credit Card cardholders gained the ability to transfer to airline frequent flyer miles late last year.

At the time Capital One shared they’d be adding airline points transfer partners. And when they ran an Emirates miles transfer bonus in March they shared that there would be more transfer bonuses to come. They added JetBlue as a transfer partner, and highlighted it with a transfer bonus in May (partnership no longer active).

They’re not missing a beat with transfer bonuses, running a 20% bonus on miles transferred to Air France KLM Flying Blue in June.

Copyright: radututa / 123RF Stock Photo

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 (eliminated)		2-to-1.5
Cathay Pacific Asia Miles		2-to-1.5
Avianca LifeMiles		2-to-1.5
Emirates Skywards		2-to-1.0
Etihad Airways Etihad Guest		2-to-1.5
EVA Air Infinity MileageLands		2-to-1.5
Finnair Plus		2-to-1.5
Hainan Airlines Fortune Wings Club		2-to-1.5
JetBlue TrueBlue (eliminated)		2-to-1.0
Qantas Frequent Flyer		2-to-1.5
Qatar Airways Privilege Club		2-to-1.5
Singapore Airlines Krisflyer		2-to-1.0

This 20% transfer bonus brings the rate of Capital One-to-Flying Blue transfers to 2:1.8 (1000 Venture Miles:900 Flying Blue points).

Both Capital One cards earn 2 miles per dollar, so with this bonus that’s effectively earning 1.8 Air France KLM Flying Blue points per dollar which is excellent.

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).

The transfer bonus will be an exceptional time to take advantage of Flying Blue Promo Rewards, which Capital One was able to share for June booking and August and September travel.

• 50% discount on economy redemptions between Atlanta and Houston and Europe

• 25% discount on business class redemptions between Chicago, Montreal, Calgary and Edmonton and Europe.

Business class between Chicago and Paris is normally 58,000 miles. Assuming the promo award prices at 43,500 miles, that means $24,167 in spend would generate the points necessary for a one-way business class award by stacking the transfer promo.

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, and because Flying Blue is a transfer partner of all of the major bank transferrable currencies. In addition to Capital One points transfer to Flying Blue from Chase Ultimate Rewards, American Express Membership Rewards, and Citi ThankYou Rewards.

Already on their third transfer bonus of the year, having just launched transferable points, I’m keen to see which partner is next.

Capital One Venture Rewards Credit Card