The Chase Ultimate Rewards points program has a new transfer partner: JetBlue True Blue. Ultimate Rewards points are redeemable directly for travel-related purchases at set rates of 1-1.5 cents apiece through the Ultimate Rewards portal. However, Chase Ultimate Rewards points earned with certain cards, including the ultra-popular Chase Sapphire Reserve, Chase Sapphire Preferred and Chase Ink Business Preferred, can also be transferred to certain airline and hotel partners and redeemable for award flights and stays.
Earlier this month, Chase Ultimate Rewards announced that it would no longer be partnering with Korean Air’s SkyPass program. However, the day after that partnership ended, Chase has announced that it will begin allowing transfers to JetBlue’s TrueBlue points program.
The transfer ration is one Chase point to one True Blue point, and transfers must be made in 1,000-point increments. That is significant for a number of reasons.
First, JetBlue True Blue points are redeemable for any open seat on JetBlue flights, rather than depending upon award availability for tickets in special fare classes, like those on traditional legacy airlines like American or Delta. The number of True Blue points you need will depend on the price of the ticket, but as long as there is an open seat and you have the points, you can redeem them for it. The value of True Blue points usually ranges from 1.3-1.7 cents apiece, depending on the ticket, so that gives Ultimate Rewards points holders a rather decent rate of return on their points.
Second, the transfer ratio from Chase Ultimate Rewards is better than those from American Express Membership Rewards and Citi ThankYou Rewards, each of which transfer at a ratio of 500 : 400 meaning, you only get 0.8 True Blue points per Amex or Citi point you transfer. Thus, folks with Chase Ultimate Rewards points are getting 20% more value from their points with this particular transfer option than customers of the other two issuers.
Before transferring Chase Ultimate Rewards points to True Blue, though, be sure you will be getting enough value for the points you plan on using. You can check the value of your points by dividing the cost of a ticket by the number of points required for an award. If that number is less than the value you would get from redeeming your points directly through the Chase Ultimate Rewards portal (again this will vary from 1-1.5 cents apiece, depending on which Chase credit card you have), then you might want to consider doing that instead of transferring to True Blue.
As a reminder, Chase Ultimate Rewards’ other transfer partners include:
- Aer Lingus AerClub
- Air France/KLM Flying Blue
- British Airways Avios
- Iberia Plus
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United Airlines MileagePlus
- Virgin Atlantic Flying Club
- World of Hyatt
- Marriott Rewards
- IHG Rewards Club
- Ritz-Carlton Rewards
Though the value proposition of transferring Chase Ultimate Rewards JetBlue True Blue points can vary depending on the ticket, overall, this is good news for Chase credit cardholders. JetBlue has an extensive and expanding route network both within the U.S. and internationally. The ability to redeem points for the last seat on the plane is another plus in the True Blue program’s favor. It also gives U.S.-based Chase customers yet another major airline with which their points will be useful.