Reminder: Sunday is the last day to transfer Capital One miles to JetBlue

Oct 23, 2021

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Capital One made waves when it first added airline transfer partners in 2018. Not long after, it expanded its roster to include hotel partners and has continued to improve many of its transfer ratios. Unfortunately, it is losing a major airline partner in a few days.

Specifically, on Oct. 1, Capital One announced that it would drop JetBlue TrueBlue as a transfer partner effective Oct. 25.

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Capital One first added JetBlue as a transfer partner in May 2019. When the partnership launched, transfers were at a ratio of 2 Capital One miles to 1 JetBlue TrueBlue point. But this ratio was later improved to a 2:1.5 ratio, meaning you can convert 1,000 Capital One miles to 750 TrueBlue points.

Capital One gave cardholders a mere three weeks’ notice of this change and those three weeks are almost up. So, if you have Capital One miles — potentially from the Capital One Venture Rewards Credit Card, Capital One VentureOne Rewards Credit Card or Capital One Spark Miles for Business — you have until 11:59 p.m. ET on Oct. 24 to transfer miles to JetBlue.

JetBlue A321neo
JetBlue A321neo. (Photo by Zach Griff/The Points Guy)

However, you may not want to transfer Capital One miles to JetBlue. Overall, this transfer partner removal isn’t a huge loss for cardholders since JetBlue was always one of Capital One’s less valuable transfer partners.

After all, TPG values JetBlue TrueBlue points at just 1.3 cents apiece. So you’ll usually get better value transferring your miles to one of Capital One’s 1:1 transfer partners like Avianca LifeMiles or Etihad Guest. Additionally, you’ll continue to be able to redeem your Capital One miles at a fixed value against the purchase of a JetBlue flight.

That said, a loss of a transfer partner is still a loss. JetBlue was Capital One’s only U.S. airline transfer partner. And some cardholders certainly found value in having JetBlue as a transfer partner when needing to top off their account for a specific award. That said, once this transfer partnership ends, you will still have the option of converting American Express Membership Rewards, Chase Ultimate Rewards and Citi ThankYou Rewards into JetBlue TrueBlue points, so you can start strategizing around that.

Related: Tips and tricks to get maximum value from your Capital One miles

Although Capital One’s revamped rewards program hasn’t been around for too long, this isn’t the first time it has lost transfer partners. The program lost Hainan Airlines Fortune Wings Club and Qatar Airways Privilege Club as transfer partners in May 2020. But the new partners Capital One has added over the years have more than made up for those departures for most cardmembers. And earlier this month, Capital One added six more airlines to its 1:1 transfer tier.

So, despite the upcoming loss of JetBlue as a transfer partner, there’s still plenty of value to be found in Capital One miles.

Featured photo by Zach Honig/The Points Guy.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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