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Coming on the heels of Chase’s recent addition of JetBlue’s TrueBlue frequent flyer program as a 1:1 transfer partner of Ultimate Rewards, Citi is now matching its competitor by improving its own TrueBlue transfer ratios. Starting Thursday, the issuer will increase its JetBlue transfer ratios across the board, resulting in an identical 1:1 ratio on two out of three of its ThankYou Rewards credit cards.
As of September 13, Citi ThankYou points will be transferable to JetBlue at the following ratios, depending on which Citi card you have:
- Citi ThankYou Preferred Card: 1,000 ThankYou Points = 800 TrueBlue points (was 500)
- Citi Premier Card: 1,000 ThankYou Points = 1,000 TrueBlue points (was 800)
- Citi Prestige: 1,000 ThankYou Points = 1,000 TrueBlue points (was 800)
Citi first announced JetBlue TrueBlue as a transfer partner in October 2016. Since launching, the transfer ratio has always been tiered in that some Citi cards get a better ratio than others. Even with this adjustment, that’s still not changing. However, cardholders of both the Citi Premier Card and the Citi Prestige will be able to transfer ThankYou points to JetBlue at an even 1:1 ratio — an overall positive.
JetBlue is now a transfer partner of all three major flexible points programs, but only has a 1:1 transfer ratio with Chase and Citi. With American Express Membership Rewards, you’ll need to send 250 Amex points for every 200 points added to TrueBlue (though there are often transfer bonuses). Marriott also features JetBlue as a transfer partner, but at a dismal 6:1 ratio.
Based on TPG’s most recent valuations, Citi ThankYou points are worth 1.7 cents apiece, Amex Membership Rewards are 1.9 cents apiece and Chase Ultimate Rewards points are 2.0 cents apiece. That being said, TPG’s valuations also peg JetBlue TrueBlue points at just 1.3 cents each. So, regardless if you’re transferring ThankYou points or Ultimate Rewards points, you’re likely not getting top value, especially if you have a Chase Sapphire Reserve and can redeem directly for flights at 1.5 cents per point. Of course, if you have a specific redemption in mind in which the points will lead you to a great redemption, it could be worth the transfer.
Remember that right now, the Citi Premier is offering a sign-up bonus of 50,000 points after spending $4,000 in the first three months. The Citi Prestige card is no longer accepting applications at this time, though it may return soon.
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- Earn 50,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
- Earn 3 points per $1 spent on travel including gas stations
- Earn 2 points per $1 spent at restaurants and on entertainment
- Earn 1 point per $1 spent on all other purchases
- 50,000 Points are redeemable for $625 in airfare on any airline, anytime with no blackout dates when booked through the ThankYou® Travel Center, or $500 in gift cards when redeemed at thankyou.com
- No expiration and no limit to the amount of points you can earn with this card
- Points Transfer allows you to transfer points to participating airline loyalty programs
- No Foreign Transaction Fees on purchases