Capital One Launches 25% Transfer Bonus to Avianca LifeMiles
Capital One has been lights out ever since launching the ability to transfer miles to partner airlines late last year, adding new partners and offering transfer bonuses. And its next promotion is the best yet.
Starting Monday, July 1, you can get a 25% transfer bonus when sending Capital One miles to Avianca LifeMiles. And that’s worth celebrating, because LifeMiles is one of the best programs in the world of points and miles, whether you’re looking to book a short flight within the U.S., fly first class to Europe, or hop on a flight to Asia. The transfer bonus expires
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 airline programs, including LifeMiles, you need to transfer 2 points to get 1.5 miles in your account.
With this bonus, you’ll be able to transfer to LifeMiles on a 2:1.876 ratio. That means if you transfer 50,000 Capital One points, you’d have 46,900 LifeMiles. And considering the Capital One Venture card earns 2x miles on every $1 spent, no matter what it’s on, this makes it a great return.
How to Use LifeMiles
LifeMiles is the frequent flyer program for Avianca, a Colombia-based airline with a small reputation. But these miles can be extremely powerful.
Some airlines have great award rates when using miles to book flights, but pass on huge cash fees. Other airlines don’t tack on massive fees but want a boatload of miles to book any given flight. LifeMiles offers the best of both worlds: Low award rates + just a $25 fee and some modest taxes on almost any award ticket.
So where can you go with LifeMiles? Well, a lot of places.
For starters, they’re great to book domestic flights in the U.S. on United Airlines. While United typically charges 10,000 to 12,500 miles for most one-way domestic flights, you can often book the exact same flight for fewer LifeMiles.
Suffice it to say that you should always check out LifeMiles to book a domestic flight within the U.S.
But you can go much farther. Using LifeMiles is one of the best ways to fly to Asia – especially if you want to fly in business class. LifeMiles charges an unbeatable 78,000 miles one-way to fly business class on amazing airlines like EVA Air from the U.S. to Southeast Asia. That means you’d need to transfer 83,200 Capital One Miles. That same flight would cost 90,000 United miles.
If flying to Europe in style is on your wish list, LifeMiles are also great. If you can find award availability You can fly Lufthansa First Class – one of the best ways to fly to Europe – for 87,000 miles each way. With this transfer bonus, that works out to 92,800 Capital One miles.
Capital One keeps rolling out these transfer bonuses. And this latest rendition is a big one for anyone looking to spend their Capital One miles wisely.
Lead photo courtesy of Victor via Flickr
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.