(EXPIRED) JetBlue Business Card: Earn 20k Bonus Points On $10k Spend Via Plastiq (Targeted)

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Barclays is sending out targeted emails to JetBlue business credit cardholders offering 20,000 bonus points when using Plastiq to send $10,000 or more in payments.

JetBlue Plastiq Spending Bonus

The Deal

  • Earn 20,000 bonus points when you use Plastiq payment service for $10,000 or more in bill payment purchases.

Key Terms

  • For bill payment purchases from October 1 to December 31, 2018.
  • Plastiq signup required using unique referral number (number is given within the email).
  • New customers only. Offer does not apply to current Plastiq customers and cannot be combined with a Plastiq referral code.
  • The offer is valid for select cardmembers who are new registrants to Plastiq and it is not transferable.
  • If you close your account during the promotional period, you may no longer be eligible for this promotion.
  • All bonus miles earned will appear on your statement 6-8 weeks after the end of the promotion.

Quick Thoughts

If you’re able to fulfill the $10,000 spending requirement, you’ll come out ahead even when considering the 2.5% fee for using Plastiq.

JetBlue’s TrueBlue points are worth ~1.46cpp. If you spend exactly $10,000 using Plastiq, the bonus means you’ll earn 3 points per dollar, so ~4.38cpp of value.

The JetBlue business card also earns a 10% rebate when redeeming points for award flights, making the return closer to ~4.78cpp. If you also own the JetBlue Plus card, you’ll get an additional 10% rebate which makes the return more like ~5.18%. That means that even when accounting for the 2.5% Plastiq fee, you’ll still be getting more than 2.25% of value.

h/t reader Tim

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Carl

This would be even nicer if the Bank wasn’t rejecting people applying for the card for having too many cards. This card has suddenly become popular in the blogosphere so I went for it. Got shot down. Back to Amex, which loves me, fortunately. Blue Business Plus for 10k and 2X on everything. That’s a good deal!