Advertiser Disclosure

Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written and evaluated by experts who know these products inside out. We only recommend products we either use ourselves or endorse. This site does not include all credit card companies or all available credit card offers that are on the market. See our advertising policy here where we list advertisers that we work with, and how we make money. You can also review our credit card rating methodology.

[Expired] Transfer Capital One Miles to Qantas With a 20% Bonus

Carissa Rawson's image
Carissa Rawson
Carissa Rawson's image

Carissa Rawson

Senior Content Contributor

304 Published Articles

Countries Visited: 51U.S. States Visited: 36

Carissa served in the U.S. Air Force where she developed her love for travel and new cultures. She started her own blog and eventually joined The Points Guy. Since then, she’s contributed to Business ...
Edited by: Juan Ruiz
Juan Ruiz's image

Juan Ruiz

Senior Editor & Content Contributor

197 Published Articles 833 Edited Articles

Countries Visited: 41U.S. States Visited: 28

Juan has extensive experience in writing and editing content related to credit cards, loyalty programs, and travel. He has been honing his expertise in this field for over a decade. His work has been ...

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

Update:The offer mentioned below has expired and is no longer available.

Transfer bonuses are always a good thing since they allow you to get more from the points that you’re transferring. We see them fairly frequently, and this month’s includes a 20% bonus from Capital One when transferring miles to Qantas. Is this a good deal? Let’s take a look.

Qantas Transfer Bonus Details

This transfer bonus, announced today, allows those with eligible Capital One cards to convert their Capital One Miles to Qantas Airways for 20% more.

Capital One Miles usually transfer to Qantas at a 1:1 ratio; with this bonus, they’re transferring at a 1:1.2 ratio. The promotion is valid until September 1, 2024, which gives you plenty of time to move your points over if you’re so inclined.

Capital One transfer bonus to Qantas.jpg
Image Credit: Capital One

Is It Worth It?

Qantas Airways is Australia’s flag carrier, and not an airline you’d typically think of for redeeming rewards. This is because, although they use a distance-based award chart, the rates that they charge tend to be pricier than those of other airlines.

Qantas does happen to be one of the few remaining airlines that’ll allow you to book a round-the-world ticket, so if that’s something you’re interested in, it might be worth a look.

Other than that, however, booking an award flight with Qantas is generally going to be more expensive than with a fellow Oneworld airline, with one exception.

Here’s an interesting scenario where Qantas’ distance-based award chart proves quite useful. Air Tahiti Nui isn’t a member of Oneworld, but it does partner with several Oneworld airlines for its flights. This includes Alaska Airlines, American Airlines, and Qantas Airways.

That means you have the ability to redeem Qantas Points for expensive flights to the beautiful French Polynesian island of Tahiti with Air Tahiti Nui.

Saving Miles on French Polynesia Flights

Here’s an example of a one-way business class flight from Los Angeles (LAX) to Tahiti (PPT) next year from American Airlines:

Air Tahiti Nui AA booking
Image Credit: American Airlines

80,000 miles for an 8-hour flight is hugely overpriced, especially when you consider that you can fly from Los Angeles to Europe for just 57,500 miles.

Alaska Airlines offers the same Air Tahiti Nui flight at a price of 60,000 miles in business class and 40,000 miles in economy class.

Alaska Airlines Air Tahiti Nui booking
Image Credit: Alaska Airlines

But we can take advantage of Qantas‘ distance-based chart to find flights for far less in economy:

Air Tahiti Nui Qantas economy
Image Credit: Qantas

With the transfer bonus, your cost will be just 21,000 Capital One Miles for a flight in economy that would set you back twice as much elsewhere.

Even in business class, which would typically cost more than Alaska Airlines, you can leverage the bonus to save a few miles:

Air Tahiti Nui Qantas business
Image Credit: Qantas

The 20% bonus means you would only need to transfer 57,000 Capital One Miles to book this ticket in business, which is 3,000 fewer miles than booking with Alaska or 23,000 fewer than booking with American Airlines.

Perhaps most importantly, however, is that it is much easier to earn Capital One Miles than Alaska miles or American miles. With massive credit card welcome offers available in the last few years, it wouldn’t be a shocker if you had a higher balance of Capital One Miles than either of these 2 airlines.

Hot Tip:

Taking advantage of Qantas’ distance-based award chart can make this 20% transfer bonus work for travelers heading to French Polynesia.

Final Thoughts

Capital One has announced a 20% transfer bonus for Qantas until September 1, 2024. While this isn’t useful for most, savvy travelers can leverage the bonus to save on flights to French Polynesia — in business or economy class.

Carissa Rawson's image

About Carissa Rawson

Carissa served in the U.S. Air Force where she developed her love for travel and new cultures. She started her own blog and eventually joined The Points Guy. Since then, she’s contributed to Business Insider, Forbes, and more.

INSIDERS ONLY: UP PULSE

Deluxe Travel Provided by UP Pulse

Get the latest travel tips, crucial news, flight & hotel deal alerts...

Plus — expert strategies to maximize your points & miles by joining our (free) newsletter.

We respect your privacy. This site is protected by reCAPTCHA. Google's privacy policy  and terms of service  apply.

Deluxe Travel Provided by UP Pulse
DMCA.com Protection Status