Capital One, Qantas

Capital One Transfer Bonus to Qantas

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Gary Leff over at View from the Wing reports on a new transfer bonus going on from Capital One to Qantas.

It’s hard not to love transfer bonuses. In this case, you’ll get 33.3% more for your points if you happen to need to transfer to Qantas between now and October 31st. 

You can earn transferable Capital One miles from the following credit cards:

You can also transfer cashback from the Spark Cash from Capital One to a Spark Miles Business Credit Card if you have both.

capital one transfer bonus

Will you want to transfer?

Qantas isn’t a great place to store points because their rates for awards aren’t very competitive and on top of that they levy high surcharges.  Additionally, there’s a long expected transfer time to Qantas which also won’t hold awards. So that’s not a great combo. But there are some great redemptions to be had if these line up for you.

So Then, What’s Worth Considering?

  1. You can book flights on El Al. Spencer Howard did a deep dive on this for one of his award alerts which you should sign up for. You can fly from NYC (or Toronto) to Israel in Business Class for 78,000 Qantas each and minimal fees. That’s a GREAT deal.
  2. If you are set on a Qantas First Class flight US <–> Australia, Qantas members get access 24 days before American’s AAdvantage members do, at 355 days before departure.

    Qantas First Class

    Qantas First Class

  3. You can use Qantas points to book Emirates First Class. You’ll pay 126,0000 points plus a massive surcharge to Dubai, but it’s another option, given that using Emirates Skywards you can only transfer Amex or Marriott, JAL added big surcharges and it is hard to earn miles in their program and and Alaska miles are also hard to earn.  Alaska remains the only way to avoid massive fuel surcharges on EK, though they now charge a lot more than before. So it’s an option.

Should you transfer speculatively?

No. And I’d say that for just about any transfer bonus. Sure, it stinks when 3 months later you want to make a booking that you could have had a bonus on, but it stinks more when you transfer speculatively to a program that changes its rewards structure or your points accidentally expire before you can use them.

Will you take advantage of this Capital One Transfer Bonus?

Let me know here, on Twitter, or in the private MilesTalk Facebook group.

You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards

New to all of this? The MilesTalk “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.