Capital One has sent an email to cardholders of miles-earning cards that JetBlue TrueBlue will no longer be a transfer partner as of 11:59pm ET on 10/24/21. While this probably wasn’t a highly-popular Capital One partner, it is nonetheless disappointing to see this change.
Capital One “miles” transfer to JetBlue TrueBlue at a ratio of 1,000 Capital One “Miles” to 750 TrueBlue points until the end of the day on October 24th.
Since JetBlue points have a relatively fixed value, they aren’t an amazing use of transferring Capital One miles. That said, JetBlue isn’t a bad transfer option. Greg’s analysis a couple of years ago found JetBlue TrueBlue points to be worth 1.43c per point. The Capital One Venture Rewards card earns 2 “Miles” per dollar spent; transferred to JetBlue that’s 1.5 TrueBlue points per dollar spent. Assuming you get 1.43c per point, that’s a return of about 2.145% on a Capital One card that earns 2 Capital One “Miles” per dollar spent. Again, if you’re looking to book on JetBlue, that’s not bad.
It’ll be interesting to see if Capital One plans any additions to its transfer partner roster in light of losing its only domestic airline partner.