Citi Thank You Rewards 50% transfer bonus to JetBlue

Citi Thank You Rewards is offering a 50% bonus on transfers to JetBlue through April 30, 2017.

Citi transfer rates differ depending on which Citi card you hold.  The normal transfer rates are as follows:

• 1,000 Citi ThankYou Points = 800 TrueBlue points for Citi ThankYou® Premier, Citi Prestige® and Citi Chairman®
• 1,000 Citi ThankYou Points = 500 TrueBlue points  For Citi ThankYou Preferred or Citi Forward 

After the 50% bonus, points will transfer at these rates:

• 1,000 Citi ThankYou Points = 1,200 TrueBlue points for Citi ThankYou® Premier, Citi Prestige® and Citi Chairman®
• 1,000 Citi ThankYou Points = 750 TrueBlue points  For Citi ThankYou Preferred or Citi Forward

According to Frequent Miler’s Reasonable Redemption Values, JetBlue points are worth about 1.46 cents per point (this does vary a bit; check your preferred routes for current pricing).  This means that transferring from the Citi Thank You Premier, Citi Prestige, or Citi Chairman cards will yield about 1.75 cents per Thank You point.  If you also hold the JetBlue Plus credit card, you would receive a 10% rebate on redemption of points, further increasing your yield a bit.  Citi says that transfers could take up to 14 days, but according to this Flyertalk thread transfers are usually instant — YMMV.

HT: Doctor of Credit

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