Capital One Adds JetBlue As Newest Transfer Partner

Filed Under: Capital One, Credit Cards
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Last December Capital One introduced a transferrable points currency for their Venture and Spark products, which was an exciting development.

The Venture and Spark cards were previously useful for earning rewards that could be redeemed as cash towards a travel purchase, though the miles can now be transferred to airlines and hotels as well.

Capital One currently 17 transfer partners, including some hotel partners!

You can now transfer Capital One miles to JetBlue

As of today (May 1, 2019) Capital One has added JetBlue TrueBlue as a transfer partner.

This represents Capital One’s first US airline transfer partner. There will be no fees to transfer points to JetBlue, which is great news (Amex charges a federal excise tax when transferring points to a US frequent flyer program). Here’s how transferring Capital One miles to airline partners works.

While this is a nice addition, I’d note that Amex Membership Rewards, Chase Ultimate Rewards, and Citi ThankYou all partner with JetBlue, so this isn’t exactly a unique partnership.

For context, here are Capital One’s previous transfer partners:

Transfer PartnerTransfer Ratio
Aeromexico (Club Premier)2 : 1.5 | 1000 : 750
Air Canada (Aeroplan)2 : 1.5 | 1000 : 750
Air France KLM (Flying Blue)2 : 1.5 | 1000 : 750
Alitalia (MilleMiglia Program)2 : 1.5 | 1000 : 750
Avianca (LifeMiles)2 : 1.5 | 1000 : 750
Cathay Pacific (Asia Miles)2 : 1.5 | 1000 : 750
Emirates (Emirates Skywards)2 : 1 | 1000 : 500
Etihad Airways (Etihad Guest)2 : 1.5 | 1000 : 750
EVA Air (Infinity MileageLands)2 : 1.5 | 1000 : 750
Finnair (Finnair Plus)2 : 1.5 | 1000 : 750
Hainan Airlines (Fortune Wings Club)2 : 1.5 | 1000 : 750
JetBlue (JetBlue TrueBlue)2 : 1 | 1000 : 500
Qantas (Qantas Frequent Flyer)2 : 1.5 | 1000 : 750
Qatar Airways (Privilege Club)2 : 1.5 | 1000 : 750
Singapore Airlines (KrisFlyer)2 : 1 | 1000 : 500

As of February 4, 2020, Capital One miles are transferrable to JetBlue at a 2:1.5 ratio

JetBlue A320

Is transferring Capital One miles to JetBlue worth it?

JetBlue TrueBlue is a revenue-based program, meaning that the cost of an award redemption is closely correlated to how much a ticket would cost in cash.

Ordinarily, JetBlue points can be redeemed for ~1.3-1.5 cents each towards the cost of a paid ticket on JetBlue.

So, what does that mean for the value proposition of transferring Capital One miles to JetBlue?

  • Capital One’s premium Venture and Spark miles offer 2x miles per dollar spent
  • This means that long term you’d be earning the equivalent of 1.5 JetBlue points per dollar spent (a value of ~1.95-2.25 cents)

What makes this interesting is that Capital One Spark and Venture miles can efficiently be redeemed towards the cost of travel, as you can redeem each Venture or Spark mile for one cent towards an airfare purchase.

So long term you might be better off booking your JetBlue ticket with your Venture or Spark card, and then reimbursing yourself at the rate of one cent per point. That way you’d earn JetBlue TrueBlue points for the cost of your ticket.

Now, there are some circumstances where members may get more value transferring from TrueBlue, like if you have JetBlue’s co-branded credit card and get a 10% refund on redeemed miles, or if JetBlue is offering an award sale.

JetBlue Mint is my favorite way to travel domestically

Bottom line

It’s good to see Capital One adding more transfer partners, and also to see them offering transfer bonuses.

I’d love to see Capital One add some unique transfer partners. Still, more options are always a good thing, and I’m sure some people will take advantage of this partnership.

Are there any circumstances under which you’d transfer Capital One miles to JetBlue?

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  1. “Are there any circumstances under which you’d transfer Capital One miles to JetBlue?”

    Yes – when I need to top off my TrueBlue account to redeem points for the odd flight. I’ve transfered points from Amex and Chase (only in small amounts of 1,000 to 2,000 points) for this purpose. However it only really makes sense to do this with Capital One points during this bonus window.

  2. Jetblue miles for booking Hawaiian can potentially be a good deal. 30,000 Jetblue points Hawaii to Australia. Plus, much better availability.

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