Should you Transfer Your Capital One Miles to Finnair Plus?
Update: Some offers mentioned below are no longer available. View the current offers here.
It's always good news when a credit card lets you transfer your rewards to airline miles, like the recent announcement on the Capital One Venture Rewards Credit Card. New applicants can earn 50,000 Capital One miles after spending $3,000 within three months of account opening. Finnair is one of those new transfer partners to consider.
Finnair is an attractive European airline that operates brand-new Airbus A350 aircraft for the majority of its long-haul fleet. And it offers an amazing sauna in the lounge at it's Helsinki hub. On the other hand, it's Finnair Plus frequent flyer program is not known for having many exceptional values. But since you will be soon be able to transfer your Capital One miles to Finnair and 11 other frequent flyer programs, the important question is: Should you?
How Finnair Plus works
There are three different ways to redeem Finnair Plus miles.
- You can redeem them using the award chart for flights operated by Finnair.
- A chart specific to an individual partner.
- Distance based chart for awards that includes flights two or more different airlines (Finnair plus one partner, or two partners.)
Finnair is a member of the OneWorld Alliance, which includes American Airlines, British Airways, Japan Airlines (JAL) and others. Finnair also partners with several airlines outside of OneWorld including:
- Alaska Airlines
- Braathens Regional Airways (of Sweden)
- Icelandair
The Award Chart for Finnair Flights
This chart is not very clear, but you can confirm the price of an award by using their online flight award calculator. And while many of these options are terrible, there are a few bright spots. Also note that awards are slightly more expensive when booked over the phone, and two one-way flights cost far more than a single round-trip ticket.
Here are two awards that are worth it:
1. Flights to Tel Aviv or Dubai
One thing that stands out to me on this chart is the footnote that Finnair includes Tel Aviv and Dubai as part of Europe. So add this to the list of award chart sweet spots that can be found by using airline geography. While a 90,000 mile round-trip award to Europe in economy class isn't too attractive, round-trip business class awards to Tel Aviv or Dubai for 160,000 miles can be a pretty good deal. The trick is finding award space in business class on a flight operated by Finnair, which is rare. However, their recently announced flight to LAX shows some award space if you search dates very far out.
2. Flights within Northern Europe
You can book economy class, round-trip award flights within Northern Europe for just 15,000 miles, round-trip. Their definition of Northern Europe stretches from Iceland to Moscow and includes all of their flights within Finland. So if you've reached Iceland on a discount carrier's ticket and you want to stretch your trip visit mainland Europe, this is a very inexpensive option. In fact, business class flights are are still a good deal, at a mere 25,000 miles, round-trip.
The Single Partner Award Chart
The award charts for flights on one of Finnair's partners can be horrific. For example, I don't imagine too many are lining up to pay 27,000 miles for one-way domestic economy class flight on American Airlines. Other "sour spots" include Icelandair flights from North America to Europe or 135,000 miles in economy class and one-way business class flights to Australia on Qantas for a staggering 162,000 miles. I tried hard to find find some values in these partner award charts, but came up empty.
The Multi-Partner, Distance-Based Award Chart
Here too, there's little value to be had. For example, round-trip award flight of up to 6,000km (3,728 miles) are 60,000 Finnair miles in economy class and 100,000 in business class. This is a tremendous amount of miles for a relatively short distance, about the equivalent of a round-trip flight between Chicago and San Francisco. And remember, you can only redeem these awards for itineraries that contain flights operated by two or more partners.
Other Uses for Finnair Miles
You can use Finnair miles for upgrade awards. The good news is that the rules don't specify a minimum booking class to be eligible for upgrades, and you can search upgrade availability before you book your flight. This means that you should be able find a highly discounted flight and upgrade it using miles. Of course, the bad news is the very high number of miles required, 50,000 miles each way on flights to Europe. This is not much less than most airlines charge for the award itself. You might use this to dispose of unneeded miles, but you probably shouldn't transfer your miles to Finnair to purchase upgrades at these prices.
Upgrades within Northern Europe and the Rest of Europe zones, including Tel Aviv and Dubai are a much more reasonable 7,500 and 10,000 points respectively. However, your "upgrade" will only get you an economy class at the front of the plane, with the middle row blocked. This, and priority service, increased baggage allowance, lounge access and a meal. This award may be worth it, especially if you have a long, connecting itinerary and hope to visit the sauna in lounge in the Helsinki airport.
Conclusion
There's nothing wrong with Capital One including Finnair Plus as a transfer partner, but it will be very hard for most people to find any real value in their various award charts. The exceptions are Finnair flights to Tel Aviv and Dubai, and flights within their definition of Northern Europe. A low-priced upgrade within Northern Europe could be nice too. By carefully considering these options, you can make the right decision when it comes time to redeem your Capital One miles.
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| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
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- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
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Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
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- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.