I’m always in favor of banks and loyalty programs offering more ways to redeem points. While I prefer to save mine for travel, life doesn’t always go as planned. Sometimes, non-travel redemptions—while not the best value—can still be helpful if your travel plans change or you have points in a program you don’t have a clear use for.
What Is JetBlue’s Points Payback Program?
Barclays and JetBlue introduced the Points Payback program in 2023. It allows JetBlue TrueBlue members to use their points to erase charges on their JetBlue credit card. Unlike some redemption options, this feature lets you cash out any JetBlue points—not just those earned on the JetBlue card—as long as the charge is at least $25.
The Major Change: No More $1,000 Limit
Initially, the program had a $1,000 annual cap on statement credits. However, Barclays and JetBlue have now removed that restriction, meaning there’s no longer a limit on how many points you can redeem for statement credits.
Redemption Value: Is It Worth It?
Redemptions start at 3,333 points for a $25 credit, giving you a 0.75-cent-per-point value. Since I typically get 1.3 cents per point when booking JetBlue flights, I wouldn’t personally use this option. However, if you have a large JetBlue balance with no clear plans, this could be a useful way to cash out.
An Easy $575 Cash Back Bonus?
If you’re considering the JetBlue Plus Card, it currently comes with a 70,000-point sign-up bonus. Even if you never set foot on a JetBlue plane, that’s worth $575 in statement credits—a compelling offer if you’re looking for a flexible way to use points.
Would you consider cashing out your JetBlue points this way? Let me know in the comments!
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