The Chase Ultimate Rewards program is one of the most valuable points currencies, mainly because of its multiple airline and hotel travel partners. While the points can be converted to cash, or used to book travel through the Chase travel portal, the best value is when transferring to partners.
Now Chase has a 25% transfer bonus for one of its partners, the JetBlue TrueBlue program. This is a targeted promotion that is showing up for many cardholders, but not everyone. Check out all the details of this promotion below and see if this Chase transfer bonus for JetBlue is worth participating.
25% Transfer Bonus from Chase to JetBlue
Chase is offering 25% bonus JetBlue TrueBlue points when you transfer Ultimate Rewards points now through January 10, 2024. The normal transfer ratio for JetBlue TruBlue is 1:1. So with this promotion you can get a 1:1.25 transfer ratio. That means that for every 1,000 Ultimate Rewards that you transfer, you will get 1,250 TrueBlue points. You can start your transfer here, after logging into your Chase Ultimate Rewards account.
You must be enrolled in JetBlue’s TrueBlue program in order to participate in this offer. Once you have transferred Ultimate Rewards points, they become subject to the Terms and Conditions of the TrueBlue program and cannot be transferred back to your Chase Ultimate Rewards program account. That’s why it is important to know how to use these points, and figure out what value you would get.
There is a minimum transfer of 1,000 Ultimate Rewards points. You can redeem for this exclusive offer from 12:00 AM ET on November 15, 2023 and 11:59 PM ET on January 10, 2024 to receive 25% additional TrueBlue points. Additional TrueBlue points will be awarded at the time of transfer. Generally, transfers are immediate, even though Chase states that transfers process by the next business day and may take up to 7 business days.
Point transfers via Ultimate Rewards do not count towards earning Mosaic status.
Should You Transfer Amex Points to JetBlue?
This is a question that you must always ask yourself when you see these transfer bonuses. I always suggest not to transfer points speculatively, because once you transfer, there’s no going back.
The answer to that question also depends on your own needs, and the valuation you have for Chase Ultimate Rewards and JetBlue TrueBlue points.
In this case you’re not getting any outsized value for transferring Chase points to the TrueBlue program. JetBlue’s award flight pricing is tied to the cash price of the flight, although not at a fixed value. That means that there are no hidden gems. You will normally get a value between 1.2 and 1.4 cents per points, and maybe higher for Mint.
That means that with this transfer bonus, you’re getting a value of about 1.6-1.7 cents-per-point for your Ultimate Rewards. It’s not a bad redemption, but it’s not great either.
JetBlue Plus cardholders can get a bit more value out of their points. The card comes with a benefits that refunds you 10% of all redeemed points. The bonus is credited after completing your JetBlue award flight.
Chase JetBlue Transfer Bonus: Guru’s Wrap-up
This is a rare bonus, but that still doesn’t make it very exciting. Normally you can transfer 1,000 Chase Ultimate points to 1,000 JetBlue TrueBlue points. But now through November 30, 2023, Chae Ultimate Rewards is offering a 25% bonus, which makes it a 1:1.25 transfer ratio.
If you fly JetBlue frequently, then there’s nothing wrong with transferring points, and flying for “free”. This is better than cashing out your points, and it’s even better if you have the a co-branded JetBlue card. But Chase Ultimate Rewards are usually more valuable through other partners.
Let me know in the comments if you plan to take advantage of this Chase 25% transfer bonus to JetBlue? Also check out all the current transfer bonuses for other currencies.
DannyDealGuru has partnered with CardRatings for our coverage of credit card products. DannyDealGuru and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Credit: Source link
