JetBlue is a New Chase Ultimate Rewards Transfer Partner. Ultimate Rewards points transfer 1:1 to JetBlue TrueBlue, and the transfers are typically instant.
Unfortunately, this doesn't in any way compensate for losing Korean Air SkyPass as a transfer partner (see Ultimate Rewards Ends Transfers to Korean SkyPass) which went into effect yesterday, August 25, 2018. I transferred some Ultimate Rewards points to Korean before the transfer ended, in order to book another few Korean Air First Class awards.
Don't get me wrong, I like JetBlue Mint a lot, in fact it's currently our favorite U.S. airline business class for transcon flights. But TrueBlue is not a rewarding frequent flyer program, because it's revenue based. This means that generally most JetBlue Mint awards will only get you 1.3 cents per TrueBlue point, and economy awards, while a bit higher, won't usually get you more than 1.5 cents per point.
1.5 cents per point is extremely poor redemption value for a Chase Ultimate Rewards point. In general, I'd say you're doing it wrong if you're redeeming for anything less than 2 cents per point, and ideally you should be getting more than that.
If you have the Chase Sapphire Reserve card you can redeem Ultimate Rewards points at 1.5 cents per point, booking through the Chase Ultimate Rewards portal, and also earn TrueBlue points on these fares, which is better than transferring to JetBlue TrueBlue, but still poor value.
Instead, seek out awards using Singapore KrisFlyer, United MileagePlus, Air France/KLM Flying Blue, or even British Airways Avios awards that can get you 8-11 cents per point in redemption value.
Which transfer partner do you wish Chase Ultimate Rewards would add, to help compensate for the loss of Korean SkyPass?
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