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JetBlue is running a great promotion where ultimately you can use your points for free flights with a 20% discount. For all reservations booked through tomorrow night, November 15, 2014 at 11:59pm ET, you will receive 20% of the points redeemed back as a rebate. This is for travel November 13, 2014 through January 31, 2015.
Remember, since this is a rebate promotion (and not a discount promotion), you must have enough points in your account to book the flight. You will not see the rebate until later on (4-6 weeks after your travel is complete).
If you are a JetBlue Mosaic member and the flight hasn’t increased, you can always cancel your ticket and rebook.