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With a new month, Capital One has announced a new transfer bonus, this time allowing cardholders to earn a bonus when transferring points to Avianca LifeMiles.

Starting tomorrow, July 1, Capital One card holders will receive a 25% bonus on all miles transferred to the LifeMiles program through July 31. This comes right after a 20% bonus to Air France and KLM’s Flying Blue program, which ends today.

The normal transfer rate is 2 Capital One miles to 1.5 LifeMiles, but with the promotion you’ll see that bumped up to 2:1.876. That means you’ll get about 938 LifeMiles for every 1,000 Venture Miles that you transfer.

Based on TPG’s latest valuation, LifeMiles are worth 1.7 cents each. However, you can easily score multiples of this valuation by taking advantage of hidden gems in its award chart, such as:

  • Flights to Southern South America in economy: 30,000 miles
  • Flights to New Zealand or Australia in economy: 40,000 miles
  • Flights to Europe in business class (with no fuel surcharges): 63,000 miles
  • Flights to North Asia in business class: 75,000 miles
  • Flights to Middle East in business class: 78,000 miles
  • Flights to Europe in Lufthansa first (with no fuel surcharges): 87,000 miles

Keep in mind that LifeMiles is making changes to its domestic US award chart effective July 15. Fortunately, unlike other award chart changes which are usually all negative, this one is a mixed bag with the award cost of some routes going up in price and others going down. After the changes, domestic awards will range in price from 6,500 miles to 13,500 one-way. LifeMiles’ booking fees are also going down on many routes.

The 25% transfer bonus makes it even cheaper to fly Brussels Airlines’ new business class (Photo by Zach Griff / The Points Guy)

In our tests, transfers from Capital One to Avianca went through instantly so you should be able to book your award immediately after you move over your Capital One miles. And if you don’t have enough Capital One miles, you can also transfer American Express Membership RewardsCiti ThankYou Points and Marriott Bonvoy points to LifeMiles.

Through July 5, you can earn a 25% bonus when transferring Citi ThankYou, Hilton Honors, IHG Rewards or Marriott Bonvoy points to Avianca LifeMiles, as a part of Lifemiles’ own promotion. Marriott also gives a 25% bonus when transferring its points to Lifemiles in increments of 60,000 points.

We recommend only transferring miles if you have a specific redemption in mind. Once you transfer your miles, they’ll be stuck with Avianca and you’ll lose the flexibility of transferring to any other partner.

How to Earn Capital One Miles

If you’re short on Capital One miles and want to take advantage of future transfer bonuses like this one, a sign-up bonus from one of the following cards can help boost your balance. As a reminder, only certain cards earn Capital One miles, but all of those miles-earning cards are typically eligible for these types of bonuses.

Featured image by Zach Honig / The Points Guy.

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2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
Intro APR on Purchases
N/A
Regular APR
17.99% - 24.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

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