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3 is the magic number. Well, it is for Capital One this month as they’re offering a 20% transfer bonus to a trio of rewards programs – Wyndham Rewards, Avianca LifeMiles and Aeromexico Club Premier.
The Deal
- Get a 20% bonus when transferring Capital One miles to the following loyalty programs:
- Wyndham Rewards
- Avianca LifeMiles
- Aeromexico Club Premier
Key Terms
- Expires March 31, 2022 at 11:59pm EDT.
Quick Thoughts
Any transfer bonus is better than no transfer bonus, although in this case two of these are better than the other one.
One of the good ones is Wyndham Rewards. The standard 1:1 transfer ratio can be useful at times, particularly when booking Vacasa properties seeing as they only cost 15,000 points per bedroom. Even when there’s only one bedroom, there might be plenty more beds in the property as Nick discovered. This transfer bonus means you’d only need to transfer 12,500 Capital One miles per bedroom per night, although that would have to be done in 1,000 mile increments. If you have a personal or business Wyndham Rewards Earner card, you also get a 10% discount on award pricing. That reduces 15,000 point awards to 13,500 points, thereby only requiring 11,250 Capital One miles per bedroom/night.
LifeMiles is the other decent transfer bonus here because they have a number of sweet spots that can become even sweeter when you only need to transfer 1,000 miles for every 1,200 LifeMiles.
The reason I’m not as blown away by the 20% transfer bonus to Aeromexico Club Premier is because Capital One’s transfer ratio is normally only on a 1:1 basis. While that’s standard for most travel partners of transferable currencies, Aeromexico is an exception to an extent. Citi and Brex also transfer on a 1:1 basis to Aeromexico, but the standard transfer ratio from American Express Membership Rewards is 1:1.6.
That means that when transferring 1,000 Capital One miles with this transfer bonus, you’ll only end up with 1,200 points versus the 1,600 points you’d have by transferring 1,000 Membership Rewards – that’s 33.3% more by transferring Membership Rewards even without a transfer bonus. If you don’t have any Membership Rewards and only have Capital One miles then sure – a 20% bonus is good. However, if you’re swimming in Membership Rewards points, that’ll be a better option in most cases for Aeromexico transfers. And lest you think Aeromexico is a program to be ignored, that’s potentially worth a rethink.
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Hi. Does FM have a page with Capital One transfer bonus history? I’m trying to get an idea about how often these come along, specifically for transfers to Wyndham. Thanks
You can find a list of all current and former transfer bonuses for all transferable currencies here: https://frequentmiler.com/current-point-transfer-bonuses/
Capital One cardholders having the ability to transfer to travel partners is a fairly new development, so we don’t have much experience to go buy. I think this was the first ever Wyndham transfer bonus though, so there’s no way of knowing if and when the next one will be.
Thanks!