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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.
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.
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)
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:
- Capital One Venture X Rewards Credit Card
- Capital One VentureOne Rewards Credit Card
- Capital One Spark Miles For Business
- Capital One Venture Rewards Credit Card
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.
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