New Capital One 33.3% Bonus Transferring Miles to Qantas

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Capital One® Venture® Rewards Credit Card and Capital One® Spark® Miles for Business cardholders gained the ability to transfer to airline frequent flyer miles late last year.

Now they’re launching their 5th transfer bonus of the year: a one-third (33.3%) bonus on transfers to Qantas between September 16th at 12:01 AM Eastern and October 31st at 11:59 PM Eastern. That boosts their normal transfer rate of 2:1.5 up to 1:1 for the duration of the promo.

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:

You Can Pool Your Points in Qantas From Several Programs

American Express, Citibank, and Capital One all have Qantas Frequent Flyer as a transfer partner.

We’ve seen transfer bonuses to Qantas in the past from Citibank and from American Express which only just added Qantas as a partner at the end of May.

That means it’s easy to build up a balance in Qantas Frequent Flyer if that’s useful to you.

Ways to Leverage Capital One’s Transfer Bonus to Qantas

Qantas is useful for inexpensive short distance awards on oneworld airlines, and for redemptions on partners like El Al.

Where I’ve found the greatest use for Qantas points is redeeming for medium-distance travel on Emirates. Qantas and Emirates are partners. Qantas awards are distance based. You can fly Emirates from New York JFK to Milan for 60,000 Qantas miles (plus taxes and fees) each way in business class. In contrast if you were spending Alaska Airlines miles it’s 105,000 miles each way.


Emirates Business Class Bar

For a new parent like me Qantas is great, too, because they don’t charge miles or a fare for infant award travel. Taking my young baby on my first class Dallas – Sydney – Dallas roundtrip in first class cost me less than $17 (taxes).


Qantas First Class Bassinet

Both Capital One® Venture® Rewards Credit Card and Capital One® Spark® Miles for Business earn 2 miles per dollar, so with this bonus that’s effectively earning 2 Qantas 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).

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
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 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

Transfer Bonuses Have Become an Integral Part of the Venture and Spark Miles Programs

Already on their fifth 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!

Capital One® Venture® Rewards Credit Card
Capital One® Spark® Miles for Business

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

More articles by Gary Leff »

Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

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  1. Gary QF have a devaluation which is effective from tomorrow Australian time.

    The EK redemption you mention above goes from 60,000 points to 68,400 points.

  2. Interested in the Venture Card 33.3% Bonus Tfer Miles to Qantas.
    Question: Is it feasible to Tfer Miles to Qantas (+33.3%) and then redeem for partner Alaska Airlines flights?

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