I opened one of these cards and I indeed was able to transfer points from the Travel Rewards card. But the redemption rate depends on the number of points. To get the full one cent per point it has to be greater than 25,000 points i.e. $250. That is the same as my Platinum Plus card.

So, it was worth a shot. I will continue to transfer the points to my Fido Amex card managed by Fiacardservices until Fidelity closes that one. Then I will redeem for my travel expenses or accumulate the points until I get to 25,000.