Get a 20% Bonus on Transfers from Capital One to Flying Blue
Capital One is back with its latest transfer bonus, offering a 20% bonus when sending miles from your Capital One Venture Miles account to Flying Blue, the combined frequent flyer program for Air France and KLM.
This transfer bonus started last week and will run through Nov. 30. It’s an easy way to get more out of the miles from your Capital One Venture Rewards Credit Card or Spark cards.
Capital One has been on a tear since it introduced the ability to transfer points to partner airlines late last year. It’s added new transfer partners and has regularly offered transfer bonuses like this one.
These transfer bonuses are basically like free airline miles – it’s why we were so excited when Capital One and Chase both started offering them this year. And it helps offset one of the glaring flaws with Capital One’s transfer partners – a relatively poor transfer ratio that takes a bite out of your Capital One points. With most airlines, including FlyingBlue, you need to transfer 2 points to get 1.5 miles in your account.
With this 20% bonus, you’ll be able to transfer to FlyingBlue on a 2:1.8 ratio. That means if you transfer 50,000 Capital One points, you’ll have 45,000 FlyingBlue miles.
And there are a few great ways you could get the most out of this transfer bonus.
How to Use the Bonus
FlyingBlue isn’t the best mileage program. It’s a lot like Delta, with unpredictable and ever-changing award rates that can skyrocket when trying to use your miles.
But there’s a bright spot. Every month, FlyingBlue runs a monthly promotion in which it slashes award rates on a handful of routes. Combined with this transfer bonus, there are some alluring opportunities in this month’s FlyingBlue Promo Rewards.
For starters, you can book a round-trip from Minneapolis-St. Paul (MSP) to almost anywhere in Europe for 50% off. That brings the price down to roughly 22,500 miles – at that rate, you’d need only transfer 23,900 Capital One miles with this transfer bonus.
There’s also a 50% discount on business class fares, in this case out of Chicago-O’Hare (ORD). That means you could book a round-trip in business class for 53,000 roundtrip – transferring just 58,900 Capital One miles to do so. Or book a one-way for 26,500 miles, transferring just 30,000 Capital One miles after the transfer bonus.
The one major hitch with FlyingBlue is that they pass on some sizable cash fees when flying in and out of Europe. Expect to pay $100 to $250 on a round-trip economy flight, depending on which European airport you’re using. For business class, it’s closer to $530 in cash fees.
Still, it could be a great use of Capital One Venture points if you’re looking to score a cheaper trip to Europe or fly in business class. Keep in mind you can also use Capital One points to book a flight directly, then zero it out with the Purchase Eraser function.
And there’s one more way we love to use Flying Blue miles: flights to Hawaii. Whether you’re flying nonstop from the West Coast, making the long jaunt from the East Coast, or have to make several stops from the Midwest, you can book flights to Hawaii on Delta using just 35,000 miles round-trip. That’s a great deal, especially for smaller cities that typically cost twice (or more) that amount if you used Delta SkyMiles.
And with this bonus, that’s in reach by transferring 38,900 Capital One miles.
No matter which bank you’re talking about, there’s no better time to use points than when there’s a transfer bonus. And with a handful of great trips you can book using Air France/KLM, this 20% 20% transfer bonus from Capital One could work out quite well.
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.