Capital One has just introduced a couple of new transfer bonuses for the month of August, which cardmembers might find to be valuable.
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Capital One 20% Air France-KLM Flying Blue transfer bonus
Through 11:59PM EDT on Wednesday, August 31, 2022, 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. 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.
I find Flying Blue to be a valuable program for redemptions on Air France and KLM. Flying Blue has access to significantly more Air France and KLM business class award space than other frequent flyer programs, and saver level award costs tend to be quite reasonable.
Capital One 20% British Airways Executive Club transfer bonus
Through 11:59PM EDT on Wednesday, August 31, 2022, you can receive a 20% bonus when you transfer Capital One miles to British Airways Executive Club.
Capital One miles ordinarily transfer instantly to Executive Club at a 1:1 ratio, meaning that with this offer they’ll transfer at a 1:1.2 ratio. 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.
Executive Club has a unique distance based award chart, with some great redemption rates on both British Airways and oneworld partner airlines. I consistently get value out of the program.
How to earn Capital One miles
The Capital One mileage program has become extremely useful in recent years, and is now on par with other major transferable points currencies (I value Capital One miles at 1.7 cents each). There are lots of great cards earning Capital One miles. In particular, the following three cards offer a minimum of 2x Capital One miles per dollar spent:
Bottom line
Through August 31, 2022, you can receive a 20% bonus when you transfer Capital One miles to Air France-KLM Flying Blue and British Airways Executive Club. These are both unique programs that many travelers find to be valuable, and it could be worth making a speculative transfer here.
It’s nice to see Capital One offering the best transfer bonuses of any major currency so far in August!
Do you plan on transferring Capital One miles with a 20% bonus?
