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Barcelona Spain Capital One 20% bonus
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Book Transatlantic Flights For 29K Points With The Capital One 20% Transfer Bonus

Last updated: August 09,2022
Originally Published: August 09,2022
by Jestan Mendame

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Capital One is currently running a 20% transfer bonus to British Airways or Air France/KLM). While this year’s bonus might be a lot lower compared to last year’s 33% transfer bonus, there’s still a lot of value to it.

We’ve done the calculations and yes, the bonus allows you to book a transatlantic roundtrip flight for only 29k! If you’ve been holding off those miles you’ve earned from your Capital One Venture X, now’s the perfect time to put them to good use.

So if you have 100,000 Capital One miles, that’s 120,000 British Airways Avios or 120,000 Flying Blue miles. Better act fast because this offer is only valid until Aug.31, 2022.

Read More: Best Redemptions Options With Capital One & The Complete Program Guide

Spain Capital One 20% bonus
Book a roundtrip flight from JFK-Spain for only 29k miles (Image courtesy of Canva Pro).

Deal: Book A RoundTrip New York-Spain Flight For Only 29k Miles

Always remember that once you transfer your Capital One miles, there’s no going back so you need to finalize your plans first before going.

Now, this deal involves two easy steps:

1. Transfer 29,000 Capital One miles to British Airways to get 34,000 British Airways Avios. Just log in to your account and do the usual thing that you do when you transfer miles and it will automatically add the bonus.

image 2 Capital One 20% bonus

2. Go to the Iberia website. Choose New York, JFK as your origin destination and click the city which you want to go to. British Airways and Iberia both belong to OneWorld alliance so can redeem Iberia flights using Avios.

You may choose other origin destinations but the award prices might change. For example, choosing LAX has a much higher price – 42,500 Avios for Madrid and 51,000 for Barcelona. Since Iberia follows distance-based award pricing, it’s best to start your journey from other East Coast hubs like eBoston (BOS) and Washington, D.C. (IAD)

image 1 Capital One 20% bonus

Just remember to book your flights during off-peak seasons to get the best deal possible, which is somewhere around June – September. This is a great deal since a U.S. and Europe round trip flight typically costs 60k-70k miles.

Try A One-Way Business Class For 29K Miles

If you want to fly in style, you can opt for a one-way Iberia business class flight to Madrid which will cost you 29k miles. If you prefer to do a round-trip flight, it will cost you 57k miles.

How To Earn Capital One Miles?

The easiest way to earn Capital One Miles is through credit cards and luckily, Capital One has handful of cards that you can choose from:

Read More: Where Are Capital One Airport Lounges Located?

Bottom line

Capital One does regular bonus transfers. Last August 2022, they did a 33% transfer bonus to BA as well. Make sure that you take advantage of these promos because these are literal FREE miles that they’re giving away.

Advertiser Disclosure

  • Earn 75,000 Bonus miles after you spend $4,000 on purchases in the first 3 months from account opening.
  • Earn 2X miles on everyday spend.
  • Earn 10X miles on hotels and car rentals, and 5x on flights booked on Capital One Travel
  • Receive 10,000 bonus miles every account opening anniversary.
  • Get a $300 credit to use on Capital One Travel each year.
  • Unlimited Access to Capital One Lounges and Priority Pass lounges internationally.
  • $395 annual fee.
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