Capital One Offering 33.3% Transfer Bonus To Qantas

Filed Under: Capital One, Qantas
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Update: This article contains mentions of the Capital One® Spark® Miles for Business whose terms have expired and are in the process of being updated. All other offers reflect accurate offer terms. Learn more about the current offers here.

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. We’ve seen them add more transfer partners, and have also seen them offer useful transfer bonuses.

As a reminder, Capital One currently has 17 transfer partners:

Aeromexico Club PremierAccor Live Limitless (ALL)
Air Canada AeroplanWyndham Rewards
Air France/KLM Flying Blue
Alitalia MilleMiglia
Avianca LifeMiles
Cathay Pacific Asia Miles
Emirates Skywards
Etihad Guest
EVA Air Infinity MileageLands
Finnair Plus
Hainan Fortune Wings Club
JetBlue TrueBlue
Qantas Frequent Flyer
Qatar Airways Privilege Club
Singapore Airlines KrisFlyer

New Capital One Transfer Bonus To Qantas

Capital One will be offering a 33.3% bonus on points transfers to Qantas Frequent Flyer. This promotion will be valid from 12:01AM ET on September 16, 2019 (tomorrow), through 11:59PM ET on October 31, 2019. Here’s how transferring Capital One miles to airline partners works.

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

That means that with this promotion you can convert Capital One miles into Qantas at a 2,000:2,000 ratio, which is 1:1. That’s awesome.

The Best Use Of Qantas Points

Qantas is part of the oneworld alliance, though also has some other intriguing airline partnerships. In general Qantas Frequent Flyer has pretty high redemption rates, and they also impose carrier surcharges for travel on most of their partners.

For a sense of their pricing, here’s their award chart for travel on Qantas, Airnorth, Fiji Airways, Air Vanuatu, American Airlines, Emirates, Jetstar, and QantasLink:

Then here’s their partner award chart for travel on Aer Lingus, Air Niugini, Alaska Airlines, British Airways, Cathay Pacific Airways, China Eastern, Dragonair, EL AL, Finnair, Iberia, Japan Airlines, Jet Airways, LATAM, Malaysia Airlines, Qatar Airways, Royal Jordanian, S7 Airlines, and SriLankan Airlines:

Their rates are definitely on the steep side, but I also think there are circumstances where this could represent a good deal. For example:

  • Qantas Frequent Flyer is one of the best ways to redeem miles for travel on airlines like Air Niugini, Air Vanuatu, etc.
  • In some cases Qantas Frequent Flyer is the best program for Emirates first class redemptions, especially on shorter flights, and that gets even better when you factor in a transfer bonus
  • Qantas Frequent Flyer has great redemption rates on EL AL, so this bonus makes those redemptions even more attractive

Book EL AL’s 787 business class through Qantas Frequent Flyer

Do note that some Qantas redemption rates are changing as of September 18, 2019. You can read more about those changes here.

The Best Capital One Credit Cards

If you’re looking for the best credit cards from Capital One, the good news is that they have some great options:

  • The Capital One® Venture® Rewards Credit Card is the best personal credit card; it offers a welcome bonus of 50,000 Venture miles, 2x Venture miles per dollar spent, has a reasonable $95 annual fee that’s waived for the first year, and offers some other great perks that make the card worthwhile
  • The Capital One® Spark® Miles for Business is the best business credit card; it is currently offering a limited-time welcome bonus of 50,000 bonus miles when you spend $5,000 in the first 3 months and an additional 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening. It also earns 2x Spark miles per dollar spent, has a reasonable $95 annual fee that’s waived for the first year, and offers some other great perks that make the card worthwhile

Capital One Transfer Bonus Summary

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

Qantas is transfer partners with Amex, Capital One, and Citi, so there are lots of ways to earn points with them. If you are going to transfer points to Qantas, you might as well take advantage of a transfer bonus.

Do you plan on transferring Capital One miles to Qantas with a 33.3% bonus?

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  1. Hi Lucky,

    Qantas redemption rates will be increasing as of the 18th of this month for premium cabins. Might want to factor that in if you’re considering transferring with a redemption in mind.

  2. Hi Lucky,

    Might want to add qantas will be increasing redemption rates on the 18th of this month for premium cabins. Award tables above will no longer be applicable.

  3. As @Linda says, a devaluation kicks in this week. However, the sizable airline-imposed surcharge fees are reducing ever so slightly to make this sh!t sandwich seem more appetising.
    The spin in promoting this ‘exciting’ event has been extraordinary, even by Qantas’ standards.

    Given the near impossibility of flying an F award on their own metal I would say don’t bother with this offer.

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