Get 5k bonus JetBlue TrueBlue points when transferring 1k+ Capital One miles for first time

Last week, Capital One added JetBlue as a new transfer partner. While it’s always good news when you have more transfer partner options, in this case the news was far from being exciting because the transfer ratio was a very unattractive 1,000:600.

It looks like Capital One might have noticed that few transfers have taken place and so are trying to promote the new partnership. As such, they sent out an email today offering 5,000 bonus TrueBlue points when making your first transfer of Capital One miles to the program. What makes this a little strange is that they’ve decided to hide the offer away on your account, but it’s worth taking advantage of because you only need to transfer 1,000 miles to trigger the bonus.

The Deal

• Transfer 1,000+ Capital One miles to JetBlue TrueBlue & get 5,000 bonus points.

Key Terms

• Expiry date unknown.
• Minimum transfer of 1,000 Capital One rewards miles in increments of 100 miles.
• Limit of one bonus per eligible Capital One Rewards account.

Quick Thoughts

When writing about the launch of the Capital One/JetBlue partnership, I’d noted that a 1,000:600 transfer ratio was very poor. Due to the somewhat fixed value of JetBlue points, you’d be better off booking a paid flight and using your Capital One miles to offset the cost on your statement than you would be to transfer at that ratio.

This limited time transfer bonus changes the equation though. It has a low transfer threshold of only 1,000 miles, so doing that minimum transfer will earn you 5,600 TrueBlue points. That’s an excellent deal and is one that I’ll be taking advantage of, despite not having flown JetBlue for 10+ years and thus having had ~7,000 points sitting there in all that time.

The reason I’m planning on transferring is because JetBlue points don’t expire. Being able to more than quintuple (or fipple as Greg once put it, which I much prefer) my miles which then won’t expire seems like a worthwhile speculative transfer, even though I have zero current plans to redeem them.

This transfer bonus is a little weird though. I only discovered it due to an email from Capital One. However, when logging in to my account I didn’t see it listed prominently like it normally would be. Perhaps that’s because it’s a lump sum bonus rather than a percentage bonus and so Capital One’s system can’t display it properly.

It’s only when expanding that box that it displays the fact that there’s a transfer bonus. Confusingly though, it doesn’t provide much in the way of details, so if I hadn’t received an email about the offer there’d be no knowing what the minimum transfer amount was.

There’s also no end date listed for this transfer bonus, so if you’re interested I’d make your transfer ASAP in case it gets pulled quickly.

Update: A couple of additional notes regarding this transfer bonus. One is that transfers are instant for some people, while for others it takes 1-2 hours.

The other is that reader Stephanie shared that if you have more than one Capital One card, you can transfer 1,000 miles from each one and get the bonus every time. I’m not convinced that’s how Capital One wants it to work, so there’s no guarantee that will be an option for long.

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