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Citi ThankYou has just announced their latest transfer bonus, now that the 20% transfer bonus to Cathay Pacific Asia Miles has expired. You can receive a 25% points bonus when you convert Citi ThankYou points into JetBlue TrueBlue points through October 25, 2017.
Assuming you have to the Citi Prestige or Citi Premier, ThankYou points ordinarily convert into TrueBlue points at 1,000:800 ratio (if you have the Citi Preferred, the ratio is ordinarily 1,000:500). So assuming you have one of those two cards, the transfer ratio during this bonus will be 1:1.
Last October, Citi ThankYou added JetBlue as a transfer partner, and I wrote about how converting ThankYou points into TrueBlue points isn’t a good deal. Does that change with a 25% transfer bonus?
TrueBlue is a revenue based frequent flyer program, and typically TrueBlue points can be redeemed towards the cost of a ticket at the rate of about 1.5 cents per point, and sometimes even more than that. In other words, with the current transfer bonus you can get roughly 1.5 cents per ThankYou point towards the cost of a JetBlue ticket.
But it potentially gets even better than that. If you have the JetBlue Plus Card (as I do), you get a 10% refund on all your points redemptions, which helps stretch your points even further. So assuming you have the card, you’ll be able to get almost 1.7 cents of JetBlue airfare per Citi ThankYou point, which is a solid value. Sometimes it gets even better than that, as JetBlue has award sales, though they typically don’t last long and are hard to predict.
All that being said, I wouldn’t speculatively convert ThankYou points into TrueBlue points. Much of the value from transferable points currencies comes from their flexibility. While it can sometimes make sense to take advantage of a transfer bonus, you’re losing a lot of flexibility when you transfer points.
Keep in mind that Citi ThankYou has several other airline and hotel transfer partners, including the following:
|Air France/KLM | Flying Blue||Garuda Indonesia | Frequent Flyer||Qantas | Frequent Flyer||Turkish Airways | Miles & Smiles|
|Cathay Pacific | Asia Miles||Jet Airways | JetPrivilege||Qatar Airways | Privilege Club||Virgin Atlantic | Flying Club|
|EVA Air | Infinity MileageLands||JetBlue | TrueBlue||Singapore Airlines | KrisFlyer||Hilton | HHonors|
|Etihad | Etihad Guest||Malaysia Airlines | Enrich||Thai Airways | Royal Orchid Plus|
If you do have a fairly short term use in mind for TrueBlue points, this is a decent deal. Perhaps it’s especially useful if you’re thinking of closing a Citi account, and need to transfer the points out. Note that this isn’t the best transfer bonus we’ve seen, though. In March we saw a 50% transfer bonus from ThankYou to TrueBlue, which was a very good deal.
Do you plan on taking advantage of Citi’s 25% transfer bonus to JetBlue?
(Tip of the hat to View from the Wing)