20% Transfer Bonus from Capital One Miles to Air France/KLM Flying Blue

To kick off July, Capital One is offering a 20% transfer bonus from Capital One Miles to Air France/KLM Flying Blue. 

Flying Blue miles are most useful for booking Air France/KLM transatlantic awards from major cities in Canada and the US, especially when redeemed in conjunction with Promo Rewards.

Combining these monthly promotional redemptions with this Capital One Miles transfer bonus can indeed make this a very lucrative deal.

20% Transfer Bonus from Capital One Miles to Air France/KLM Flying Blue

Until 11:59 Eastern Time on July 31, 2023, you can transfer Capital One Miles to Air France/KLM Flying Blue and receive a 20% bonus.

Points are normally transferred at a 1:1 ratio between the two programs, but with this promotion, the ratio improves to 1:1.2. With the 20% bonus, for every 1,000 Capital One Miles transferred, you’ll receive a total of 1,200 Flying Blue miles. 

This transfer promotion is only for those who dabble in US credit cards and have access to Capital One Miles.

Is This Transfer Bonus a Good Deal?

Any time a transfer bonus comes around, it’s a good idea to see if there are ways for you to leverage the promotion in your favour. A 20% transfer bonus effectively reduces the number of points required for any particular redemption by 20%, which can wind up being a great deal.

As mentioned, one of the best uses of Flying Blue miles is in conjunction with Promo Rewards, which are monthly promotions through which the number of miles required to redeem on specific routes is discounted by up to 50%.

For instance, earlier this year you could get 25% off business class redemptions between Montreal to Europe with Promo Rewards.

A one-way business class ticket booked with Flying Blue from Montreal to Amsterdam normally starts at 55,000 miles, but with a Promo Reward, you could be looking at paying just 41,250 Flying Blue miles plus taxes and fees. This is already a pretty good deal for a transatlantic flight in business class, as long as you’re able to find awards at that pricing level.

However, your savings wouldn’t stop there, as you’d still need to factor in the transfer bonus. With the 20% bonus, you’ll only need to transfer 35,000 Capital One Miles to Flying Blue miles for the same flight, which winds up being a roughly 38% discount from the standard lowest cost.

Flying Blue miles can…