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Your Capital One miles will quickly be capable to fetch extra TrueBlue factors with JetBlue Airways than earlier than. And that’s not the one change that’s coming: For the primary time, the issuer will add lodge loyalty program switch companions — Accor Reside Limitless and Wyndham Rewards — to its roster, too. Each modifications will go reside on Feb. 4, 2020, in keeping with the issuer.
Total, these extra decisions and extra useful switch ratios don’t dramatically alter the worth of Capital One playing cards that earn miles, however they do make them barely extra interesting for vacationers excited about these loyalty packages. And given the excessive earn charges on among the playing cards, the enhancements to Capital One’s switch accomplice roster put it on a par with competing issuer packages.
Which playing cards are affected
The modifications will have an effect on the next Capital One playing cards that earn miles:
On Feb. 4, 2020, the issuer will change its switch ratio for JetBlue factors, in order that 2 Enterprise or Spark miles might be transformed to 1.5 TrueBlue factors (2:1.5 switch ratio). For instance, 50,000 Enterprise or Spark miles might be become 37,500 TrueBlue factors. That’s a 50% enchancment over the issuer’s earlier less-favorable 2:1 ratio to JetBlue.
Along with the improved switch ratio to JetBlue, the issuer can even add the next lodge loyalty program switch companions:
- Accor Reside Limitless: That is the rewards program related to Accor, a hospitality firm that has over 4,900 resorts worldwide. It consists of manufacturers corresponding to SLS, Fairmont, Sofitel, Delano, Mondrian, Raffles, amongst many others. The switch ratio is 2:1 (1,000 Enterprise or Spark miles get 500 ALL factors).
- Wyndham Rewards: That is the loyalty program related to Wyndham Motels and Resorts, which has over 8,700 resorts worldwide. Its manufacturers embody Wyndham Grand, Trademark Assortment by Wyndham, La Quinta, Tryp by Wyndham and cheap choices like Tremendous Eight and Travelodge. The switch ratio is 2:1.5 (1,000 Enterprise or Spark miles get 750 Wyndham Rewards factors).
Beforehand, the issuer had solely airline switch companions. Capital One notes that it’s the primary and solely U.S. bank card switch accomplice for each lodge manufacturers.
Is it a very good deal?
The issuer’s new switch ratio to JetBlue presents strong worth, as soon as you’re taking the playing cards’ earn charges under consideration.
It might sound lackluster at first when you think about that Chase presents a 1:1 switch ratio to JetBlue. However think about this: The Chase Sapphire Most well-liked® Card, which has an annual payment of $95, earns simply 2 factors per greenback spent on journey and eating worldwide and 1 level per greenback spent on all different purchases, whereas the Capital One® Enterprise® Rewards Credit score Card earns 2 miles per greenback spent on all purchases. Assuming you utilize your card for extra than simply eating and journey, you’ll earn extra rewards on the latter.
The variations within the earn charges are so vital that if you happen to’re planning to switch the factors or miles to JetBlue, each playing cards may supply roughly the identical worth regardless of the completely different switch ratios.
The addition of the lodge companions can also be a welcome change. Accor and Wyndham each supply 1000’s of lodge areas to select from each within the U.S. and overseas, opening up all kinds of redemption alternatives for cardholders.