Last December Capital One introduced a transferrable points currency for their Venture and Spark products, which was an exciting development.
The Venture and Spark cards were previously useful for earning rewards that could be redeemed as cash towards a travel purchase, though the miles can now be transferred to airlines as well.
I’ve been impressed that Capital One has continued to improve the program since introducing it. In addition to them offering transfer bonuses, we’ve also seen them add more partners.
Capital One currently has 15 transfer partners (they added JetBlue as a transfer partner a few weeks ago), and they’ve been great about having transfer promos as well.
New Capital One transfer bonus to Flying Blue
As of June 1, 2019 Capital One will have a new bonus when transferring miles to FlyingBlue. Here’s how transferring Capital One miles to airline partners works.
Capital One miles normally transfer to Flying Blue at a 2,000:1,500 ratio. This is as good as Capital One transfer ratios get.
|Transfer Partner||Transfer Ratio|
|Aeromexico (Club Premier)||2 : 1.5 | 1000 : 750|
|Air Canada (Aeroplan)||2 : 1.5 | 1000 : 750|
|Air France KLM (Flying Blue)||2 : 1.5 | 1000 : 750|
|Alitalia (MilleMiglia Program)||2 : 1.5 | 1000 : 750|
|Avianca (LifeMiles)||2 : 1.5 | 1000 : 750|
|Cathay Pacific (Asia Miles)||2 : 1.5 | 1000 : 750|
|Emirates (Emirates Skywards)||2 : 1 | 1000 : 500|
|Etihad Airways (Etihad Guest)||2 : 1.5 | 1000 : 750|
|EVA Air (Infinity MileageLands)||2 : 1.5 | 1000 : 750|
|Finnair (Finnair Plus)||2 : 1.5 | 1000 : 750|
|Hainan Airlines (Fortune Wings Club)||2 : 1.5 | 1000 : 750|
|JetBlue (JetBlue TrueBlue)||2 : 1 | 1000 : 500|
|Qantas (Qantas Frequent Flyer)||2 : 1.5 | 1000 : 750|
|Qatar Airways (Privilege Club)||2 : 1.5 | 1000 : 750|
|Singapore Airlines (KrisFlyer)||2 : 1 | 1000 : 500|
Redeem Flying Blue miles for KLM’s 787 business class
Capital One offering a 20% Flying Blue transfer bonus
Beginning June 1st, Capital One is offering a 20% bonus on transfers to Air France-KLM Flying Blue through June 30, 2019.
That means right now you can convert Capital One miles into Flying Blue miles at a 2,000:1,800 ratio, which I’d consider to be much better. That’s actually a very good transfer ratio.
Redeem Flying Blue miles for Air France’s 787 business class
The best Capital One cards
If you’re excited by the prospect of this but don’t yet have a Capital One card, consider the Capital One® Venture® Rewards Credit Card and Capital One® Spark® Miles for Business earn unlimited 2x miles per dollar spent.
Both cards have annual fees waived for the first year, and both cards offer unlimited 2x miles per dollar spent. These are excellent cards for anyone looking for straightforward travel rewards credit cards.
Is transferring Capital One miles to Flying Blue worth it?
Flying Blue nowadays has dynamic award pricing and roughly distance based award pricing. While I wouldn’t say it’s one of my favorite frequent flyer programs, it is one that I get quite a bit of use out of.
Flying Blue Promo Awards can be a great value, though there are lots of great uses beyond that.
One of the advantages of Flying Blue is that they make more Air France and KLM award seats available to members of their own program than to members of partner programs. So even when their pricing isn’t the best, there are situations where it could make sense to book through them.
Redeem Flying Blue miles for Air Europa’s 787 business class
It’s great to see Capital One adding more transfer partners, and also to see them offering transfer bonuses.
While Flying Blue as a transfer partner isn’t unique, at least the transfer ratio is quite good, and the 20% transfer bonus makes this even more compelling.
I’d love to see Capital One add some unique transfer partners. Still, more options are always a good thing, and I’m sure some people will take advantage of this partnership.
Are you excited to see Capital One add Flying Blue as a transfer partner?