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On Saturday, Chase removed Korean Air as a transfer partner of the Ultimate Rewards program but now, just one day later, you may have noticed there’s a new redemption option in your Chase credit card account.
Starting Sunday morning, Chase began rolling out JetBlue as a new Ultimate Rewards partner — you can initiate a 1:1 transfer beginning right now, assuming the JetBlue TrueBlue program appears in your account. You’ll need to make transfers in 1,000-point increments.
With the addition of JetBlue, Chase will maintain a total of 13 transfer partners in its Ultimate Rewards program, including World of Hyatt and United MileagePlus. TPG values JetBlue points at 1.3 cents apiece, though you can redeem them for as much as 1.5 cents in value depending on the flight. However, both of those redemptions are far below our current 2.1-cent valuation of Ultimate Rewards points, which means it may only make sense to transfer points to TrueBlue if you need to boost your balance for a specific redemption.
As before, Chase customers can earn Ultimate Rewards points through any of three primary Chase cards:
There are also additional Chase credit cards which earn cash back that can be converted into Ultimate Rewards points if you also have one of the three cards above — you can learn all about this process and the other cards in our “Ultimate Guide to Chase Ultimate Rewards.”
Since Chase Sapphire Reserve cardholders can get 1.5 cents per point in value when redeeming directly through the Ultimate Rewards travel portal, that option makes more sense to use for JetBlue flights, even with the airline as a transfer partner. You’ll have the same buying power with both programs, but bookings made directly through Chase earn TrueBlue points based on the cash cost of the ticket, while bookings made through JetBlue do not. You can also use Ultimate Rewards points to cover any taxes and fees, while you’ll need to pay those in cash if transferring and booking through TrueBlue.
While other flexible point programs also feature JetBlue as an airline partner, the new Ultimate Rewards option now becomes the top choice if you want to transfer to TrueBlue. JetBlue is a transfer partner of American Express Membership Rewards, but you’ll need to send 250 Amex points for every 200 points added to TrueBlue (though right now there’s a 25% bonus in effect for a limited time that results in a 1:1 ratio for JetBlue transfers). Amex also charges a 0.06 cents per point excise tax recovery fee on domestic transfers, with a cap of $99. You can also transfer Citi ThankYou Rewards to JetBlue, though the transfer ratio is poor — either 1 to 0.8 or 1 to 0.5 depending on which Citi ThankYou card you have.
It’s always good to see a program add more transfer partners, and JetBlue points don’t expire, so if you anticipate closing your Ultimate Rewards-earning card at some point, TrueBlue could be a worthwhile option.
Featured image of JetBlue Mint by Benji Stawski / The Points Guy.
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NEW INCREASED OFFER: 60,000 Points
TPG'S BONUS VALUATION*: $1,200
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel