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On May 1, 2019, Capital One added JetBlue to its list of airline reward transfer partners.
To celebrate, Capital One is adding a 50% bonus to point transfers made through May 31, 2019. This boosts the redeemable ratio from 2 Venture Miles for 1 TrueBlue point to 2 Venture Miles for 1.5 TrueBlue points.
In other words, for the rest of this month, transferring 1,000 Venture Miles to JetBlue will give travelers 750 TrueBlue points, but in June, that will drop back to 1,000 Venture Miles for 500 TrueBlue points. NerdWallet values JetBlue points at 1.3 cents each.
Travelers who hold a Capital One® Venture® Rewards Credit Card or a Capital One® VentureOne® Rewards Credit Card could benefit, as could owners of the Capital One business credit cards that accrue reward miles (the Capital One® Spark® Miles for Business and Capital One® Spark® Miles Select for Business cards).
The easiest way to redeem Venture Miles is by purchasing travel on a Capital One® Venture® Rewards Credit Card or a Capital One® VentureOne® Rewards Credit Card, then "erasing" the purchase using your points, which avoids blackout dates and other restrictions.
The bottom line
The option to transfer miles may be useful to travelers who need just a few more miles to redeem a flight on JetBlue. Since JetBlue TrueBlue points never expire, there’s little incentive to transfer miles to keep the loyalty account active for infrequent JetBlue travelers.
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The addition of JetBlue marks the first U.S. airline to partner with Capital One for reward mile transfers. But it’s not a unique partnership. For example, Chase cardholders can use the Chase Ultimate Rewards® portal to transfer their reward points to JetBlue at a 1:1 transfer ratio.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card
Planning a trip? Check out these articles for more inspiration and advice: JetBlue TrueBlue Rewards Program: The complete guide NerdWallet’s top travel credit cards Capital One VentureOne vs. Venture: Is the annual fee worth it?