JetBlue travel credits (stored in your "Travel Bank") are worth exactly the monetary value of the original fare or compensation issued, with a 1:1 dollar value. For example, if you cancel a $300 flight, you receive $300 in credit. These credits can be used to pay for the airfare, taxes, and fees of any JetBlue flight, as well as the "air" portion of a JetBlue Vacations package. In 2026, JetBlue has maintained a flexible policy where travel credits can be used to book a flight for anyone, not just the person whose name is on the account. However, the most critical factor regarding their "worth" is their expiration date. Most standard credits are valid for 12 months from the date they were issued (not the date of the original flight). If a credit expires, its value drops to zero instantly. One important distinction in 2026 is that "TrueBlue Points" (loyalty miles) and "Travel Bank Credits" (cash value) are different; points have a fluctuating value (roughly 1.3 to 1.5 cents per point), whereas Travel Bank credits are always fixed to the U.S. dollar, making them easier to calculate but more restrictive due to the hard expiration deadlines.