Posted by Chuck on May 30, 2017
Free Miles/Points

Published on May 30th, 2017 | by Chuck

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Get up to 50,000 JetBlue Points when Refinancing your Student Loans with SoFi

The Offer

Direct link

  • Get 1 JetBlue TrueBlue points per $2 of student loans refinanced with SoFi

Press Release

If you’ll refinance $100,000 in loans, you’ll get 50,000 TrueBlue points; $40,000 in loans will get 20,000 points; $10,000 in loans will get 5,000 points; etc.

The Fine Print

  • Offer eligible for new student loan refinance customers only and may not be combined with any other offers or discounts, apart from the AutoPay discount
  • Offer is subject to lender approval
  • To receive this offer, you must: (1) have and provide your TrueBlue® member account; (2) complete a loan application with SoFi for a student loan refinance product; (3) register and/or apply through the landing page sofi.com/jetblue; (4) and meet SoFi’s underwriting criteria
  • Once conditions are met and the loan has been disbursed, you will receive your TrueBlue points within 90 days

Our Verdict

If you are in the market for refinancing your student loans, this offer can help you consider SoFi for your business. Obviously, the main thing is the rates and terms of the loan to make sure you are getting the best deal.

Another thing to keep in mind is that you can use Gift of College cards to pay up your SoFi student loans which can help rack up credit card points at a modest fee of 1.2% if you can find a place that sells them with credit card. (Your current student loan provider probably works with Gift of College too.)

JetBlue doesn’t stop creating new, innovative partnerships, like their Amazon partnership. Kudos to them!

Hat tip to r/churning



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Caspian
Caspian

Data point – looked like a soft pull to check your rate, so I gave it a shot. I have an 850 FICO and am under 5/24 (i.e., not a lot of hard pulls), and they offered 7.00%. My two existing loans are at 3.50% and 2.875%. Maybe if you have loans at a high rate this could work, but it’s pretty clear to me how they can afford to give mileage bonuses for consolidating with them. Not a good deal.

Nick
Nick

Chuck,

Thanks for this bit of info! Are you aware of any other partnerships that yield rewards when refi-ing a student loan? I am currently looking to do just that and want to make sure I compare as many good options available as possible. To be clear, I know how to compare interest rates and stuff. I am just not as aware of other bonus offers when it comes to this kind of stuff. Thanks!

William Charles

I don’t know of any, but if you find some let us know.

Nick
Nick

There are cash referral bonuses out there, I’ve done a couple the last couple months for $500 on average for refinancing 20-40k

Burton
Burton

I received an email from Southwest this morning for the same promotion but SW miles instead of JetBlue. EDIT – looks like DoC already has another post on this.

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