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Through August 29, 2018, the US Citi ThankYou program is offering a 30% bonus when you convert points into Air France KLM Flying Blue miles. Points ordinarily convert at a 1:1 ratio, though during this promotion you can convert 1,000 Citi points into 1,300 Flying Blue miles.
There’s no limit to how often you can take advantage of this promotion, and the bonus is hard coded into the transfer ratio, meaning that you can earn the bonus on multiple transactions.
Historically these types of bonuses have been quite rare. In May we saw Amex Membership Rewards offer a 25% bonus on points transfers to Flying Blue, though other than that transfer bonuses to Flying Blue are extremely rare. I don’t recall ever seeing a bonus from Citi ThankYou like this, and a 30% bonus is quite generous as well.
There’s probably a reason we’re suddenly seeing two of these bonuses back-to-back — major changes were made to the Flying Blue program as of June 1, 2018, and award pricing is now dynamic, rather than zone based. So the cost of many awards has gone up, while the cost of some awards has gone down.
The great thing about Flying Blue is that it gives you access to more award availability on Air France and KLM than if you’re booking through a partner program. So pricing varies, but with a 30% bonus this could be an especially good deal.
You could also leverage this bonus to score a deal on a Delta ticket. Award tickets on Delta have new award pricing that’s roughly distance based rather than zone based, so in some cases you’ll pay less than before, and in other cases you’ll pay more than before. Flying Blue doesn’t impose surcharges on Delta if booking a one-way ticket from the US to Europe, for example (for travel from Europe to the US they do, though).
You could redeem 59,000 Flying Blue miles for a one-way business class ticket on Delta from New York to London, which requires just 46,000 Citi ThankYou points. That’s a solid deal.
Alternatively you could pay 72,000 Flying Blue miles for a one-way business class ticket from Seattle to Amsterdam, which requires just 56,000 Citi ThankYou points.
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.
There’s potentially a ton of value to be had from this promotion. That’s true regardless of whether you’re trying to redeem directly on Air France or KLM, or whether you’re trying to redeem on a SkyTeam partner, where a 30% bonus could represent an excellent value.
That being said, personally I wouldn’t speculatively transfer points to take advantage of this. The promotion is around for nearly two months, and I’d only transfer points with a short term use in mind. Typically Citi ThankYou transfers to Flying Blue are instant.
Do you plan on transferring Citi points to Flying Blue with a 30% bonus?
(Tip of the hat to @IadisGr8)