Since early March, the US Citi ThankYou program has been offering a 25% bonus when you convert points to Qantas Frequent Flyer. Points ordinarily convert at a 1:1 ratio, though during this promotion you can convert 1,000 Citi points into 1,250 Qantas points.
It’s worth noting that if you’ve been considering this promotion but haven’t yet pulled the trigger, the promotion ends at 11:59PM ET today, Saturday, April 13, 2019.
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.
Qantas is transfer partners with Citi and Capital One, though isn’t transfer partners with Amex or Chase.
Qantas’ A380 first class
The best cards for earning Citi ThankYou points
The card has a $95 annual fee that’s waived for the first 12 months, and offers triple points on travel and gas, and double points on dining and entertainment.
On top of that, the Citi Prestige® Card now offers 5x points on dining and airfare, so can be a great option as well. The problem is that at the moment the card isn’t open to new cardmembers.
In addition to the cards that directly earn ThankYou points, the new Citi Rewards+℠ Card earns ThankYou points in conjunction with one of the above two cards. That card earns 2x ThankYou points on the first $6,000 spent per year at supermarkets and gas stations, and rounds up every purchase to the nearest 10 ThankYou points.
The value of Qantas Frequent Flyer
Qantas is part of the oneworld alliance, though also has some other intriguing airline partnerships. In general Qantas Frequent Flyer has pretty high redemption rates, and they also impose carrier surcharges for travel on most of their partners.
For a sense of their pricing, here’s their award chart for travel on Qantas, Airnorth, Fiji Airways, Air Vanuatu, American Airlines, Emirates, Jetstar, and QantasLink:
Then here’s their partner award chart for travel on Aer Lingus, Air Niugini, Alaska Airlines, British Airways, Cathay Pacific Airways, China Eastern, Dragonair, EL AL, Finnair, Iberia, Japan Airlines, Jet Airways, LATAM, Malaysia Airlines, Qatar Airways, Royal Jordanian, S7 Airlines, and SriLankan Airlines:
Their rates are definitely on the steep side, but I also think there are circumstances where this could represent a good deal. For example:
- Qantas Frequent Flyer is one of the best ways to redeem miles for travel on airlines like Air Niugini, Air Vanuatu, etc.
- In some cases Qantas Frequent Flyer is the best program for Emirates first class redemptions, especially on shorter flights, and that gets even better when you factor in a 25% transfer bonus
- Qantas Frequent Flyer has great redemption rates on EL AL, so this bonus makes those redemptions even more attractive
Book EL AL’s 787 business class through Qantas Frequent Flyer
I wouldn’t recommend speculatively transferring Citi ThankYou points to Qantas Frequent Flyer, though with a specific use in mind it could make a lot of sense. So for redemptions on airlines like EL AL, Air Niugini, Air Vanuatu, etc., this is a good opportunity.
If you’ve been considering this promotion but haven’t yet pulled the trigger, this is your last chance.