Citi ThankYou 15% Bonus On Cathay Pacific Asia Miles Points Transfers

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Through July 4, 2018, Citi is offering a 15% bonus when you convert ThankYou points from their US program to Cathay Pacific Asia Miles. The bonus is hard coded into the transfer ratio, meaning that 1,000 ThankYou points converts into 1,150 Asia Miles, and the bonus should post the same time that the normal points do (transfers typically take one to two days, in my experience). There’s no limit to how often you can take advantage of this offer.

Cathay Pacific Asia Miles is transfer partners with Amex Membership RewardsCiti ThankYou, and Starwood Preferred Guest. On top of that, they have an increased welcome bonus of up to 60,000 points upon completing minimum spend on their US co-branded credit card.

Of the major transferable points currencies, Citi ThankYou points are the ones I find least valuable, so if I were to transfer points to Asia Miles, I’d want them to be from there. Transfer bonuses to Asia Miles aren’t that common — the last time we saw a Citi ThankYou bonus was last summer, and that was for 20%.

While Asia Miles isn’t anywhere close to being my favorite frequent flyer program, the even further wrinkle is that there are some major program changes coming as of June 22, 2018. So if you wanted to you could take advantage of this transfer bonus and still book awards at the old rates.

For reference, here’s the current Asia Miles award chart for travel on Cathay Pacific, valid for bookings made through June 21, 2018:

Then here’s the current award chart valid for travel on partner airlines, for bookings made through June 21, 2018:

So if you have a balance of Cathay Pacific Asia Miles and want to top off an account for a redemption, or if you just want to outright transfer enough points for a redemption, this is a good opportunity to do so. While I used to think their chart was uncompetitive, nowadays other programs have gotten worse to the point that it actually looks sort of appealing.

For example, under the current chart flying Cathay Pacific roundtrip from Los Angeles to Hong Kong would cost you 120,000 miles in business class or 180,000 miles in first class. If you factor in the 15% transfer bonus, that’s 105,000 ThankYou points and 157,000 ThankYou points for business and first, respectively.


Redeem Asia Miles for travel in Cathay Pacific first class

One of the other lucrative things about Asia Miles is that you can have up to five stopovers on an award, so you could redeem 85,000 miles for a business class award covering 7,501-9,000 miles, and include a bunch of stopovers.

Want ThankYou points? Don’t forget about this great offer

If you want to earn ThankYou points, don’t forget that the Citi ThankYou® Premier Card is offering a big 50,000 point welcome bonus after spending $4,000 within the first three months of account opening. The card has a $95 annual fee, though it’s waived for the first year.

This is the most rewarding Citi credit card for everyday spend, as it offers:

  • 3x points on travel, including gas stations
  • 2x points on dining & entertainment
  • 1x points on all other purchases

So if you are looking for ThankYou points, the Citi ThankYou® Premier Card is tough to beat.

Bottom line

It’s rare to see transfer bonuses to Cathay Pacific Asia Miles, so this is potentially a good opportunity. It’s especially useful if you were hoping to make a last minute redemption before their award chart changes kick in. I certainly wouldn’t transfer points without a specific use in mind, but it is worth knowing about this offer if you do have a redemption you’re thinking of.

Does anyone plan on converting ThankYou points into Asia Miles with a 15% bonus?

(Tip of the hat to Point Me to the Plane)

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Comments

  1. @Lucky

    You say “Transfer bonuses to Asia Miles aren’t that common” but at the end you say “It’s rare to see transfer bonuses to Cathay Pacific Asia Miles,”

    Which one is it? I’m debating whether or not to do this.

  2. Stumbled upon the offer yesterday as I was about to transfer miles anyway and took advantage of it. The miles posted in less than 24 hours. Asia Miles phone agent would not book/hold an award unless at least 70% of the required miles are in the frequent flyer account.

  3. I’m conflicted. I’m planning a trip to Asia for December 2019, but I don’t know about award avialability post devaluation. I’m ok with the devalued saver prices but don’t know if they will be made available. AA made a big deal about the cost of saver awards not changing , and they didn’t, but it didn’t matter because they are almost never available.

    Still I have to do something with the miles, as I want to cancel the Premier since I have the Prestige. All the transfer partners have mile expiration dates.

  4. What you post is totally wrong. The first chart is for Cathay AND also for partner airlines. The second chart is for TWO oneworld airlines (or more) i.e. it’s a round the world award chart. One would have thought you would have better knowledge, fact-checking or at least seek for verification before misguiding your readers.

  5. Used air asia points and Booked BA rt to europe business class for 80,000 miles plus $800 for peak july travel, i think thats a far better deal than using ba or aa miles, since they both add fees to the tickets. Wish I had caught the bonus transfer.

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