JetBlue Launches Transfer Miles Program and Why It’s a Bad Deal

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JetBlue just launched a member-to-member point transfer program, which means you can pay a fee to transfer points from one TrueBlue account to another. In general, buying and transferring miles doesn’t make much sense, but can in certain situations (like Delta’s current 100% transfer bonus) it can.  However, JetBlue has a fixed value loyalty program, which means you will only get a certain amount of value for each point, so there is much less flexibility and room to maximize their points.

With their new transfer program, a TrueBlue member can either give or receive transfers in increments of 1,000 points and up to 30,000 points at a time. Points cost $12.50 per 1000-point transfer increment, so that breaks down into 1.25 cents apiece.

Though that’s still cheaper than just buying miles, which are priced at about 3 cents each (and not much less even with the current 35% bonus promotion on purchasing points that the airline is offering until 12/31/2011), this is still a bad deal because TrueBlue points can only be redeemed for about 1.4 cents each in value. So essentially you are taking a point that is worth 1.4 cents and paying 1.25 cents to give it to someone else, thus destroying 89% of the value in the process. Great for JetBlue, bad for you.

The only time this might make sense is to top up an account, though I’d recommend trying to earn points via partners like American Express Membership Rewards before you purchased or transferred points.

Premier Rewards Gold Card from American Express

With some great bonus categories and an annual fee that’s waived for the first year, the American Express Premier Rewards Gold Card has a lot going for it. If you don’t have PRG, now’s as good a time as any to add it to your wallet, as Amex added some great new benefits several months back.

Apply Now
More Things to Know
  • Earn 25,000 Membership Rewards® Points after you use your new Card to make $2,000 in purchases within the first 3 months.
  • 3X points for flights booked directly with airlines. 2X points at US restaurants, US gas stations, and at US supermarkets. 1X points on other purchases.
  • No Foreign Transaction Fees.
  • $100 Airline Fee Credit. Up to $100 per calendar year for baggage fees and more at one qualifying airline.
  • Get a $75 hotel credit on qualifying charges, plus a room upgrade upon arrival, when available with The Hotel Collection at
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • $0 Intro Annual Fee for the 1st year, then $195.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
Regular APR
Annual Fee
Introductory annual fee of $0 for the first year, then $195.
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

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