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For a limited time, Citi is giving a 25% bonus on ThankYou Rewards points transferred to JetBlue. While this sounds good, it's not for everyone, especially depending on which Citi card you have. This transfer bonus expires on October 19, 2019 at 11:59 p.m. ET.
Is it a Good Deal?
On September 19, 2018 Citi increased the transfer ratio to JetBlue. For the following cards, 1,000 ThankYou Rewards will convert to only 800 JetBlue points:
- Citi ThankYou® Preferred Card (no longer accepting applications)
- Citi Rewards+℠ Card
- Citi® Double Cash Card
If you apply the 25% bonus to these cards, you'll effectively be getting a 1:1 transfer ratio, which isn't a great value.
On the other hand, if you have any of the higher-end cards, the base ratio is 1:1, so you'll get 1,250 for every 1,000 ThankYou Rewards transferred with the current deal. These cards include:
A conservative estimate might put the value of Citi ThankYou Rewards at roughly 1.7 cents per point. JetBlue points have a fixed value of around 1.3 to 1.4 since the number of points required is based on the cash price to buy a flight. With the 25% bonus applied, you get closer to the bare minimum required for a decent Citi redemption, but there are far more lucrative ways to redeem your ThankYou points.
The major exception here would be for JetBlue Plus Mastercard® cardholders that can stack this promotion with the Award Flight Redemption Bonus—a 10% rebate on TrueBlue redemptions. One could also stretch the value of this transfer bonus with the Citi Rewards+ card's 10% rebate on points redeemed, but that would apply to other ThankYou transfer partners.
Before you make any transfers, it's worth a look at options through the Citi ThankYou Rewards portal to make sure you're not missing out on a better bargain. Here's our guide covering the other Citi ThankYou Transfer partners.
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