It feels like we haven’t seen many credit card transfer bonuses lately. That’s why it’s worth noting that Citi ThankYou has just launched its newest transfer bonus, which has the potential to be lucrative.
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Transfer Citi ThankYou points with a 30% bonus
Between February 18 and March 16, 2024, the Citi ThankYou program in the United States is offering a 30% bonus on points transfers to Virgin Atlantic Flying Club.
Ordinarily points transfer at a 1:1 ratio (in 1,000 point increments), while through this promotion you’d get 1,300 Flying Club points for every 1,000 Citi ThankYou points transferred.
We see transferable points currencies frequently offer bonuses on transfers to Virgin Atlantic, and we’ve seen such promotions from all major transferable points currencies in the past year.
Should you transfer Citi points to Virgin Atlantic?
Virgin Atlantic is definitely a frequent flyer program with more niche redemption opportunities. In addition to being able to redeem Flying Club points for travel on Virgin Atlantic, there’s also good value to be had for redemptions on Air New Zealand, All Nippon Airways, and Delta.
Award redemption rates on Virgin Atlantic are very reasonable, and a one-way Upper Class transatlantic award will typically cost you 47,500-57,500 Flying Club points. The catch is that there are significant carrier imposed surcharges (plus the UK Air Passenger Duty), especially for travel in Upper Class. You can expect that a roundtrip itinerary from the US to UK will run you well over $1,000, in addition to all the points.
Beyond that, Virgin Atlantic has several airline partners, some of which are more lucrative than others. Probably the best use of Flying Club points is for travel in ANA first & business class. You can find the redemption rates below.
Paying 45,000-47,500 Flying Club points for a one-way business class ticket between the United States and Japan is a phenomenal value to start with. Then when you consider the 30% transfer bonus, that means you could be paying significantly fewer Citi points. First class can also be a good deal.
Between February 18 and March 16, 2024, the Citi ThankYou program is offering a 30% bonus on points transfers to Virgin Atlantic Flying Club. This is definitely more of a niche program, but with a specific use in mind, there’s a lot of value to be had.
With the 30% bonus, some might find it worthwhile to book on Virgin Atlantic for the convenience. Virgin Atlantic is good about releasing business class transatlantic award availability, so if you value the convenience of a nonstop and don’t mind paying the carrier imposed surcharges, there’s value there.
However, the real value here is booking with partners. The single best value is for travel on All Nippon Airways, as you could fly ANA first class roundtrip to Japan for 93,000 Citi points, assuming you can find availability.
Do you plan on taking advantage of this Citi transfer bonus to Virgin Atlantic Flying Club?