Capital One Offering 25% Transfer Bonus To LifeMiles

Filed Under: AviancaTaca, 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 as well.

Earn Capital One Miles

I’ve been impressed that Capital One has continued to improve the program since introducing it. We’ve seen them add more transfer partners, and have also seen them offer useful transfer bonuses.

As a reminder, Capital One currently has 15 transfer partners:

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

New Capital One transfer bonus to LifeMiles

As of tomorrow (July 1, 2019) Capital One will be offering a 25% bonus on points transfers to LifeMiles. This transfer bonus will be valid from 12:01AM ET on July 1 through 11:59PM ET on July 30. Here’s how transferring Capital One miles to airline partners works.

Capital One miles normally transfer to LifeMiles at a 2,000:1,500 ratio. This is as good as Capital One transfer ratios get.

That means right now you can convert Capital One miles into LifeMiles at a 2,000:1,876 ratio, which I’d consider to be much better. That’s a very good transfer ratio.

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.

Put another way, you’d be earning 1.876 LifeMiles per dollar spent if taking advantage of this transfer bonus, which is awesome.

Both cards are offering welcome bonuses of 50,000 miles, 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.

Bottom line

This is Capital One’s fourth transfer bonus in the short time that they’ve had a transferrable points currency, which is really impressive.

I would note that LifeMiles is transfer partners with Amex, Capital One, and Citi, so there are lots of ways to earn miles with them. Furthermore, they often sell miles at a discount.

I’d say transferring Capital One miles to LifeMiles could represent a great deal during this promotion. For more on redeeming LifeMiles, see this post.

Lastly, keep in mind that Capital One has been offering a 20% bonus on Flying Blue transfers for the entire month of June, so you can still take advantage of that today.

Do you plan on transferring Capital One miles to LifeMiles with a 25% bonus?

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Comments
  1. It seems like Capital One Venture now a card that offers 2% cashback for all spend, or 1.88 airline miles per dollar when taking advantage of a transfer bonus. Using your Lifemiles valuation, that is 2.6% in value. That seems to be pretty good return, and the cashback can be used for things (like rail in the US or Europe) that you can’t book through the Chase portal

    However, it is hard to build up a lot of Capital One miles given no multipliers; Cashback cards like Double Cash are as effective for cashback, and a lot of people used unbonused spend to earn status (Delta Amex cards), hotel nights (Hilton), etc

    Bottom line is it really worth it to put a lot of unbonused spend on this card as a multi-card strategy or does it really only make sense if it is your one and only card (so you can actually build up points)? I have the card and am trying to figure it out

  2. @Anthony

    I’m kind of wondering the same thing. Seems to me even with these occasional bonus on transfer partners, Capital One miles are still inferior to the Big Three of Citi, Chase, and Amex so not sure it would ever really make sense to spend much on Capital One card outside of sign up bonuses. Not to mention Chase offers the Unlimited for 1.5% and Amex has Blue for 2% on non bonus spends. I suppose the best scenario for Capital One spend on non bonus would be international purchases but even getting 1% on Chase/Amex seems to be better value than Capital One. I think it’s great that Capital One has this option but not really seeing a scenario where it makes sense for me to spend on Capital One over Amex/Chase. I’d love to hear counter arguments tho.

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