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American Express Membership Rewards is offering a 25% bonus when you transfer points to JetBlue TrueBlue through 10/1/18. That makes the transfer ratio an effective 1:1 (though you must transfer in 250 point increments). That could be a good deal depending on how you value TrueBlue points.
- 25% transfer bonus when moving points from American Express Membership Rewards to JetBlue TrueBlue (with the bonus, transfer 250 Membership Rewards to 250 TrueBlue points)
- Expires 10/1/18
- For each conversion of points into the Frequent Flyer program of a U.S. airline, a fee of $0.0006 per point, with a maximum fee of $99, will be charged to your Card account
You’ll get somewhere between about a penny and a half to a bit more than 2 cents in value per TrueBlue point depending on the fare you are redeeming against, so this is neither a great nor terrible use of Membership Rewards points. A revenue-based program like TrueBlue can be useful when fares are quite cheap, since your flight may require significantly fewer points than the traditional zone-based pricing instituted by most other carriers. Furthermore, if you’re traveling with a large family, you’ll have the ability to book everyone on the same flight. For those reasons, TrueBlue appeals quite a bit to some.
Keep in mind that Amex charges a small fee to transfer points to US-based airline programs (you do not pay this fee when transferring to foreign carriers).
Personally, I’ll probably pass on this one unless we see a really good Mint fare sale, in which case maybe this will turn out to be a pretty good deal. As always you should only consider transferring if you have a fairly immediate use for the points.
As always, we have added this to our Current point transfer bonuses resource page.
H/T: Running With Miles