(EXPIRED) 33.3% transfer bonus from Capital One to Qantas

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Capital One is offering a transfer bonus on points transferred to Qantas. This bonus began last month, but we just realized that we never covered it. For those interested, this transfer bonus is available through October 31, 2019 and can present decent value.

The Deal

  • Capital One Venture, VentureOne, Spark Miles and Spark Miles Select cardholders can get a 33.3% bonus on all miles transferred to the Qantas Frequent Flyer program by 11:59pm Eastern time on October 31, 2019.

  • The normal transfer ratio from Capital One miles to Qantas is 2:1.5, but with this bonus the ratio is 1:1.

Key Terms

  • Valid for transfers from 12:01am Eastern on September 16, 2019 to 11:59pm Eastern on October 31, 2019

Quick Thoughts

Qantas offers a distance-based oneworld award chart. One of the sweet spots is good for short itineraries on American Airlines — we’ve previously written about when it can be advantageous to consider booking AA flights with Qantas:

It’s worth noting that Qantas has instituted some changes to its award chart and program since the publication of that post. While those changes don’t affect the core content of that post (short AA itineraries), the Qantas award chart has changed some. See this post at One Mile at a Time for more on the program changes.

Keep in mind that Capital One rewards miles typically post within 1-3 business days after a pending charge hits your statement. There is therefore still plenty of time to earn more Capital One miles if this transfer bonus appeals to you. While Qantas may not have the most rewarding program, the ability to top off at 2 miles per dollar spent through the end of this month (if you’re using the Capital One Venture Rewards credit card or the Capital One Spark Miles business credit card) certainly may be appealing.

If you’ve never transferred to Qantas, it may also be worth considering a small transfer. That’s because Qantas occasionally offers targeted bonuses to those who have previously transferred credit card points to Qantas miles and it seems that even a very small transfer can trigger these bonuses. One other word of caution: Capital One has repeatedly flagged my account for potential fraud after making transfers to new programs. If you transfer points to a new loyalty program, expect a phone call from Capital One within the following couple of days. Answer that call to confirm that you made the transfer.

As always, we have added this to our Current point transfer bonuses page.

Last updated on November 2nd, 2019

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

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Captain Greg

Thanks for this update! One other thing you guys might’ve missed while traveling is that Rakuten has unveiled a dining rewards program that can earn 5 MR points per dollar spent. Looks like the best dining program option out there now. I don’t know if you guys normally report on that sort of thing, but figured I’d mention it.

TobyK
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TobyK

Because you earn 2 points/miles per $1 spent on this card, you are actually earning 2 Qantas miles for every $1 spent on the card. Stating that the the conversion goes from 2:1.5 to 1:1 is confusing because if you are not aware that you actually earn 2/miles per $1 then most would assume it becomes spend $1 earn 1 Qantas mile when they would actually earn 2 Qantas miles which is a much better return.

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