You can receive a 50% points bonus when you convert Citi ThankYou points into JetBlue TrueBlue points between March 2 and April 30, 2017. The promotion goes live tomorrow, and you should see the bonus hard coded into the transfer ratio at that point. JetBlue is one of Citi’s newest transfer partners, as the ability to convert points was just added back in October.
As far as the value of transferring ThankYou points to TrueBlue points goes, those with the Citi Prestige® Card and Citi Premier℠ Card will receive 1.5 TrueBlue points per every 1.25 ThankYou points (you ordinarily receive 1 TrueBlue point per 1.25 ThankYou points). In other words, with the 50% bonus points convert at a rate of 1.2 TrueBlue points per ThankYou point.
In October I wrote about how converting ThankYou points into TrueBlue points isn’t a good deal. Does the math on that change with a 50% 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 1.8 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 two cents of JetBlue airfare per Citi ThankYou point, which is an excellent value.
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||N/A|
|Cathay Pacific Asia Miles|
|EVA Air Infinity MileageLands|
|Garuda Indonesia Frequent Flyer|
|Jet Airways JetPrivilege|
|Malaysia Airlines Enrich|
|Qantas Frequent Flyer|
|Qatar Airways Privilege Club|
|Singapore Airlines KrisFlyer|
|Thai Airways Royal Orchid Plus|
|Turkish Airways Miles & Smiles|
|Virgin Atlantic Flying Club|
All that being said, if you do have a fairly short term use in mind for TrueBlue points, this is a very good deal. Perhaps it’s especially useful if you’re thinking of closing a Citi account, and need to transfer the points out.
Just keep in mind that this offer only goes live tomorrow, so you’ll have to wait another day.
Do you plan on taking advantage of Citi’s 50% transfer bonus to JetBlue?