Your Capital One miles will soon be able to fetch more TrueBlue points with JetBlue Airways than before. And that’s not the only change that’s coming: For the first time, the issuer will add hotel loyalty program transfer partners — Accor Live Limitless and Wyndham Rewards — to its roster, too. Both changes will go live on Feb. 4, 2020, according to the issuer.
Overall, these additional choices and more valuable transfer ratios don’t dramatically alter the value of Capital One cards that earn miles, but they do make them slightly more appealing for travelers interested in these loyalty programs. And given the high earn rates on some of the cards, the improvements to Capital One’s transfer partner roster put it on a par with competing issuer programs.
Which cards are affected
The changes will affect the following Capital One cards that earn miles:
- Capital One® Venture® Rewards Credit Card, which has an annual fee of $95.
- Capital One® VentureOne® Rewards Credit Card, which has an annual fee of $0.
- Capital One® Spark® Miles for Business, which has an annual fee of $0 intro for the first year, then $95.
- Capital One® Spark® Miles Select for Business, which has an annual fee of $0.
On Feb. 4, 2020, the issuer will change its transfer ratio for JetBlue points, so that 2 Venture or Spark miles can be converted to 1.5 TrueBlue points (2:1.5 transfer ratio). For example, 50,000 Venture or Spark miles could be turned into 37,500 TrueBlue points. That’s a 50% improvement over the issuer’s previous less-favorable 2:1 ratio to JetBlue.
In addition to the improved transfer ratio to JetBlue, the issuer will also add the following hotel loyalty program transfer partners:
- Accor Live Limitless: This is the rewards program associated with Accor, a hospitality company that has over 4,900 hotels worldwide. It includes brands such as SLS, Fairmont, Sofitel, Delano, Mondrian, Raffles, among many others. The transfer ratio is 2:1 (1,000 Venture or Spark miles get 500 ALL points).
- Wyndham Rewards: This is the loyalty program associated with Wyndham Hotels and Resorts, which has over 8,700 hotels worldwide. Its brands include Wyndham Grand, Trademark Collection by Wyndham, La Quinta, Tryp by Wyndham and inexpensive options like Super 8 and Travelodge. The transfer ratio is 2:1.5 (1,000 Venture or Spark miles get 750 Wyndham Rewards points).
Previously, the issuer had only airline transfer partners. Capital One notes that it’s the first and only U.S. credit card transfer partner for both hotel brands.
Is it a good deal?
The issuer’s new transfer ratio to JetBlue offers solid value, once you take the cards’ earn rates into account.
It might seem lackluster at first when you consider that Chase offers a 1:1 transfer ratio to JetBlue. But consider this: The Chase Sapphire Preferred® Card, which has an annual fee of $95, earns just 2 points per dollar spent on travel and dining worldwide and 1 point per dollar spent on all other purchases, while the Capital One® Venture® Rewards Credit Card earns 2 miles per dollar spent on all purchases. Assuming you use your card for more than just dining and travel, you’ll earn more rewards on the latter.
The differences in the earn rates are so significant that if you’re planning to transfer the points or miles to JetBlue, both cards could offer roughly the same value despite the different transfer ratios.
The addition of the hotel partners is also a welcome change. Accor and Wyndham both offer thousands of hotel locations to choose from both in the U.S. and abroad, opening up a wide variety of redemption opportunities for cardholders.