For a limited time, there is a Capital One 20% transfer bonus to Air France and KLM’s Flying Blue loyalty program. And to make this offer even better, it coincides with Flying Blue’s June monthly promo of up to 50% off award flights. Where will you travel to with such a great offer?
Capital One Transfer Partners
Capital One Venture and Spark Miles cardholders can now use their points to erase travel purchases or transfer to one of 15 partners.
|Transfer Partner||Venture Miles||Target Rewards Program|
|Aeromexico Club Premier||1000||750|
|Air Canada Aeroplan||1000||750|
|Cathay Pacific Asia Miles||1000||750|
|EVA Infinity MileageLands||1000||750|
|FlyingBlue (Air France & KLM)||1000||750|
|Hainan Airlines Fortune Wings Club||1000||750|
|JetBlue True Blue||1000||500|
|Qantas Frequent Flyer||1000||750|
|Qatar Privilege Club||1000||750|
Which Capital One credit cards can transfer points?
If you own any Capital One credit card that earns Venture Miles, you are eligible to transfer to one of their transfer partners.
Currently, there are three Capital One credit cards that earn transferable points:
- Capital One Venture (personal)
- Capital One VentureOne (personal)
- Capital One Spark Miles (business)
If you don’t have any of these credit cards, there’s still time to apply and receive your sign on bonus. Click here for the latest credit card offers.
Capital One 20% Transfer Bonus to Air France & KLM
From June 1 through June 30, 2019, there is a Capital One transfer bonus to Air France and KLM’s Flying Blue rewards program. All transfers must be submitted by June 30th at 11:59 pm Eastern time.
Capital One Venture and Spark Miles cardholders can transfer their Venture Miles at a rate of 2:1.8. The normal transfer rate is 2:1.5.
Flying Blue June 2019 promotion
For the month of June, Flying Blue is running two promotions – one for Economy awards and one for Business Class.
Travelers can benefit from a 50% discount on standard Economy award bookings. I found standard economy flights as low as 29,000 Flying Blue miles each way. The city pairs must be between:
- Atlanta (ATL) and Europe
- Houston (IAH) and Europe
If luxury is more your style, a 25% discount on standard Business Class flights is available. I found Business Class flights as low as 58,000 miles each way. Eligible city pairs are between:
- Chicago (ORD) and Europe
- Montreal (YUL) and Europe
- Edmonton (YEG) and Europe
To take advantage of this promotion, your flights must be booked in the month of June for travel during August or September 2019.
The Bald Thoughts
Transferring miles with a bonus is nice, but what are you going to do with them? It makes no sense to transfer Venture Miles to Flying Blue if you don’t have a trip in mind. With the Flying Blue promotion happening at the same time, June is an ideal time to transfer miles and book flights to Europe. Even if you aren’t in one of the North American departure cities, you might be able to find a positioning flight inexpensively on Southwest, Spirit, or JetBlue. You can pay for those flights with your Capital One Venture or Spark Miles then erase the purchase with your points.
Are you taking advantage of this Capital One 20% transfer bonus promotion? Which European city will you fly to? Let us know in the comment section below.