I am new to all this. For some context: I have a Capital One Venture Rewards card, which accrues what I will refer to as Points. I also have a JetBlue TrueBlue account, which accrues what I will refer to as Miles.
I’ve just received an offer from Capital One, allowing me to transfer my Venture Rewards Points into TrueBlue Miles at a rate of 1000 Points for 750 Miles. I am confused about the “exchange rate” here, and wondering if anyone could clarify how to most efficiently use these Points (and Miles).
I was under the impression that with this card, Capital One would reimburse me (using my points) for any travel expenses like flights purchased after the fact. Going that route, I would assume every 1000 Points would get me $10 back on, say, a flight purchase. Having purchased the flight through JetBlue in this example, I would still accrue whatever TrueBlue Miles accord with their rewards program.
I guess the questions are simple: why is transferring these points at a decreased rate (again, 750 Miles for every 1000 Points) beneficial for me? Why not just proceed in the manner described above?
Any other advice on how best to utilize this card, that rewards program, those miles, etc. would be appreciated…nothing is too basic to mention.