Capital One offering 20% Flying Blue transfer bonus
Through 4:59AM EDT on Wednesday, December 1, 2021, you can receive a 20% bonus when you transfer Capital One miles to Air France-KLM Flying Blue.
Capital One miles ordinarily transfer instantly to Flying Blue at a 1:1 ratio, meaning that with this offer they’ll transfer at a 1:1.2 ratio. Keep in mind that it’s only as of recently that Capital One miles transfer to most partners at a 1:1 ratio, so you can’t beat getting a further bonus on top of that. Cards like the Capital One Venture Rewards Credit Card (review) offer 2x miles per dollar spent, so that’s quite a good return on spending when all is said and done.
This promotion is being offered on Capital One’s end, and is hard coded into the transfer ratio, meaning you should see the bonus at the time that you make the transfer. You can take advantage of this offer an unlimited number of times.
Should you transfer Capital One miles to Flying Blue?
Flying Blue nowadays has dynamic and roughly distance based award pricing. I get quite a bit of value through the program, thanks to the reasonable award pricing for travel on Air France and KLM.
On top of that, Air France and KLM make more award seats available to members of the Flying Blue program, than to members of partner programs. So even when Flying Blue’s pricing isn’t the best, there are situations where it could make sense to book through Flying Blue (though with all of the Delta SkyMiles devaluations we’ve seen, typically you will find the best pricing through Flying Blue).
There’s always value in having a stash of Flying Blue miles if you think you’ll be traveling transatlantic in the coming months. I redeem through Flying Blue every year (usually multiple times per year), and consistently get value.
Through December 1, 2021, you can receive a 20% bonus when you transfer Capital One miles to Air France-KLM Flying Blue.
I’m always conflicted when it comes to transferring points during transfer bonuses. On one hand, a lot of the value from transferrable points comes from the flexibility you have of being able to transfer them to any program once you actually have a specific redemption in mind. That’s the best way to protect yourself from devaluations.
At the same time, you’re going to get the most value if you can transfer points while there’s also a bonus, since your points can be stretched a lot further.
Do you plan on transferring Capital One miles to Flying Blue with a 20% bonus?