Capital One has added another transfer partner, cardholders can now transfer Capital One miles to JetBlue at a rate of 2 Capital One miles to 1 JetBlue point. To celebrate the launch of this new addition Capital One is offering a transfer bonus of 50%, meaning that the transfer rate becomes 2:1.5 until May 31st, 2019. Capital One launched 12 transfer partners back in November of last year and then added another two transfer partners in December. Most of the transfer partners do so at a rate of 2:1.5, but all of the latest additions (including this JetBlue addition) are at the 2:1 rate normally.
The full list of transfer partners is below (2:1.5 unless otherwise stated)
- Aeromexico
- Aeroplan (Air Canada)
- Alitalia
- Avianca
- Cathay Pacific
- Emirates (2:1 rate)
- Etihad Airways
- EVA Air, Finnair
- Flying Blue (Air France and KLM)
- Hainan Airlines
- JetBlue (2:1 rate)
- Qantas
- Qatar Airways
- Singapore (2:1 rate)
It still makes sense to top up a JetBlue account where the points were earned from flying for a redemption. But that is about it in this case. Similar to transferring UR from a CSR to B6 or WN, where redeeming through the portal is a better deal if starting from a 0 balance.
Am I missing something, or does this transfer option make no sense at all? Capital one miles are worth a fixed $0.01 each when redeemed for ALL travel, and JetBlue points are worth a maximum of 1.6 cents each when redeemed for JetBlue travel. So you’re giving 2 cents to get at most 1.6 cents. Why would anyone ever do this? Very strange of Cap1 to even offer this. I understand that with subpar redemption values like Amazon, people don’t realize how bad of a deal it is and just want to buy on Amazon quickly. but anyone considering transferring to airline miles has some sense of what they’re worth and would never do this. Very bizarre.
That’s great. Turn $0.02 into $0.01-$0.014.
Very smooth Capital One, very smooth.