Citi has announced that they will be permanently increase the rate that ThankYou points transfer to JetBlue starting on September 13th. Currently the transfer rates are:
- 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
After September 13th they will be :
- 1,000 Citi ThankYou Points = 1,000 TrueBlue points for Citi ThankYou® Premier, Citi Prestige® and Citi Chairman®
- 1,000 Citi ThankYou Points = 800 TrueBlue points  For Citi ThankYou Preferred
Chase recently added JetBlue as a transfer partner at that 1:1 rate. Citi has also frequently offered transfer bonuses:
- March 22nd – May 19th, 2018: 30% transfer bonus
- September 7th – October 25th: 25% transfer bonus
- Mach 1st – April 30th, 2017: 50% transfer bonus
It will be interesting to see if those transfer bonuses are still sometimes offered with the permanent rate being increased.
Guess what, everybody is “revaluing” their JetBlue points “upwards” (AMEX with the current promo, Chase by adding as a transfer option at parity, now Citi), and they’re not doing it out of the goodness of their hearts.
I went to check and now understand why: JetBlue has stealthily devalued their points from nearly a fixed 1.4x to 1x-1.2x for nearly all desirable flights. It’s no longer a fixed peg. Combine that with the now unrestricted family pooling that has been promised whose cost must be clawed back elsewhere and whose devaluation potential I sniffed a mile away, it all makes sense now.
If you do the total math, real transfer values are worse than before across the board for TrueBlue.
Is it a sign of upcoming trueblue points devaluation?
Already happened, see my other comment. Others have also noticed: https://pointfu.blogspot.com/2018/07/jetblue-points-devaluation.html
Oh no! I just transferred this morning. Is there any way I can revoked this transaction.
If you fly B6 a lot, Citi ATTAM is a 4.5% card
how can you get that anymore? does citi let you convert to it?
Exactly. And if you hold a JetBlue card with 10% back on point redemptions it’s now basically a 5% card. Both Jetblue cards and it’s ~5.5%.
Sorry, to be clear: is that going on the ThankYou portal to book a Jet Blue flight using Citi ATTAM? Or using the Jet Blue card to book? Or if you simply have a Jet Blue card, you get the 10% back for any booked Jet Blue flight, whether or not you use it (so you should always book with the ATTAM card)? I haven’t used Jet Blue much, but my daughter just started college in Boston, so it’s in my future.
Side question. I converted my Sears card to thankyou points. But I didn’t realize you can only cash them out at 0.5 cents each. I don’t necessarily care about transfer partners via a premium card, but what’s the best way to use up those points?
If you have premier or prestige card, you can use your points at the thankyou travel center to book hotels or airline tickets, and if you do in this way, one point will worth 1.25 cent.
Now hope Amex follows and increases it to 1:1 ratio permanently.
I just wish amex wish amex would get rid of their blue cash series of credit cards and switch everything over to MR points, then change the redemption rate to 1c per point like chase UR points. Not much of a traveler but do like cash.
This is good news. Assuming there will be an occasional 25-30% bonus, it might make transfers worthwhile.