New Capital One Transfer Bonus To Flying Blue

Filed Under: Capital One
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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 and hotels 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 17 transfer partners (they recently added JetBlue as a transfer partner), and they’ve been great about having transfer promos as well.

Earn Capital One Miles

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 PartnerTransfer 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.

For more on these cards, check out my review of the Venture Card and my review of the Spark Miles Card.

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

Bottom line

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?

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  1. I’m not seeing this bonus… just logged in, and I’m getting the 1000 to 750 (standard 4/3) transfer ratio. Anyone else?

  2. Lucky, what do you think is the best “strategy” for optimizing the Capital One card? It seems like it is a good card to put nonbonus spend on because of the optionality. But I am stuck on the redemption side – is it better to save the miles to offset cash purchases or to transfer during these transfer bonuses? For example (and ignoring sign-up bonuses), if you spent $10,000 on the Venture, you get 20,000 miles, which equals 18,000 Flying Blue miles under this promotion. That is a 2.3% return (using your 1.3 cents per Flying Blue mile valuation), which is pretty good on nonbonus spend. However, it’s not that much better than the 2% cash return you get. So it still seems like its not the best idea to transfer speculatively during these promotions…

  3. Ethan, the bonus starts tomorrow (June 1). It seems like they are trying to have one active bonus every month (Jet Blue ends today)

  4. @ Ethan — The bonus doesn’t start until tomorrow (or sometime after midnight Eastern).

  5. Flying blue points used to be great since you can fly to east coast to Honolulu for 15K miles, but now they have flexible pricing and it is pretty crappy.

  6. I did the transfer to flying blue today, but only saw the regular mile comes into my flying blue. Does anyone see the same issue?

  7. @Morris Yueh

    Yes, same here with a transfer I just did. The website says promo until midnight EST, the confirmation email specifically says they gave the bonus miles, but they’re not there…

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