The Citi ThankYou program has just launched their latest transfer bonus.
Transfer Citi points to Qantas with a 25% bonus
Through Saturday, February 22, 2020, the the US Citi ThankYou program is 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.
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’ A380 first class
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:
The above rates reflect their new higher pricing, as Qantas raised many award costs for bookings as of September 18, 2019.
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 transfer bonus
- Qantas Frequent Flyer has good 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.