WHAT ARE CITI THANKYOU POINTS WORTH?

Vault’s Viewpoint on Citi ThankYou Points

  • Citi ThankYou Points values vary from 0.8 cents per point to 1.28 cents per point.
  • Airline transfers offer the most potential Citi ThankYou point value.
  • ThankYou points can be combined across accounts.

Citi ThankYou Points Value by Card

Newsweek publishes several different valuations for Citi ThankYou points based on which card you have. Here are Newsweek’s Citi ThankYou points valuations by card:

Although each of these cards earns ThankYou points, the redemption options differ by card because each card offers different redemption options. Cards like the Citi Premier that offer transfers to airline and hotel partners give cardmembers more opportunities to increase the value they get from their points.

Ways to Redeem Citi ThankYou Points

Citi offers several ways to redeem ThankYou points. The best way to see which redemption options are available to you is to log in to your account at Citi.com.

Here’s an overview of the most useful ways to redeem ThankYou points and our perspective on how much value you are likely to get from each redemption.

Transfer Partners

Similar to American Express Membership Rewards and Chase Ultimate Rewards, the greatest opportunity for increased Citi ThankYou points value is through airline and hotel transfer partners.

Airline Transfer Partners

  • Aeromexico Rewards
  • Avianca LifeMiles
  • Cathay Pacific
  • Emirates Skywards
  • Etihad Guest
  • Eva Air Infinity MileageLands
  • Air France-KLM Flying Blue
  • JetBlue TrueBlue (1,000 ThankYou Points = 800 TrueBlue points with some cards)
  • Qantas Frequent Flyer
  • Qatar Privilege Club
  • Singapore Airlines KrisFlyer
  • Thai Royal Orchid Plus
  • Turkish Airlines Miles and Smiles
  • Virgin Atlantic Flying Club

Hotel Transfer Partners

  • Accor Live Limitless (1,000 ThankYou Points = 500 ALL Reward points)
  • Choice Privileges (1,000 ThankYou Points = 1,500 Choice Privileges points)
  • Leaders Club (1,000 ThankYou Points = 200 Leaders Club Points)
  • Wyndham Rewards (1,000 ThankYou Points = 1,000 Wyndham Rewards points for Prestige®, Citi Premier® and AT&T Access More cardmembers. 1,000 ThankYou Points = 800 Wyndham Rewards points with other cards)

Booking Travel Through Citi Travel

Gift Cards

Redeeming your ThankYou points for gift cards can offer opportunities to increase the value of your points. Most gift cards offered through Citi ThankYou points are specialty merchant gift cards, but ThankYou Rewards offers gift cards for brands like Target, Best Buy, CVS and Apple that are widely appealing.

The key to getting more value from your gift card redemptions is to look for gift cards that are on sale. Most gift cards offered through ThankYou Rewards will yield 1 cent of gift card value per point, but Citi frequently offers sale prices on select brands. As of publication, Nordstrom, IHOP, Dominos, Total Wine and DoorDash were on sale for 10% off.

Cash Back Redemptions

Citi ThankYou Points cards offer several cash back redemption choices. You can choose to receive a statement credit, direct deposit or a check by mail. You’ll get 1 cent per point of value when you redeem points this way on most cards, but if you combine your ThankYou point accounts, you can access the most favorable cash back redemption rates across all of your accounts.

Other Redemptions

Citi offers a handful of other ways to redeem your points, but these options are unlikely to yield more value than simply using your points for cash back redemptions. These additional options include:

  • Shop with points
  • Cover recent purchases
  • Charitable donations

How to Get More Value From Your Citi ThankYou Points

The Citi ThankYou points cards you hold and how you use your points will determine how much value you can get from the ThankYou Rewards program.

If you hold multiple credit cards that earn Citi ThankYou points, you can combine your points in a single account for the best redemption options. 

For example, while it doesn’t offer good value cash back redemption options on its own, the Citi Rewards+ can increase the value of all of your Citi ThankYou points as the card gives you a 10% rebate on your first 100,000 ThankYou points redeemed each year.

The Citi Premier offers access to all of Citi’s transfer partners. Having the Premier card and combining your ThankYou points accounts enables you to transfer all of your points to any of Citi’s partners at the best rates available.

When you click through to ThankYou.com from the option to View/Redeem points in your Citi.com account, you may be prompted to combine your ThankYou Points accounts. You can also combine your accounts directly on ThankYou.com.

Once you have combined your ThankYou Points accounts, you will earn and redeem rewards from a single pool of ThankYou Points for any redemption option available on any of your cards.

Frequently Asked Questions

How Many Citi Points Equal One Dollar?

The amount of cash back you can get from your Citi ThankYou Points depends on which card you have. If you hold only the Citi Rewards+ card, you can redeem 200 points for $1 of cash back. If you hold the Citi Double Cash, Citi Custom Cash or Citi Premier card, you can redeem 100 points for $1.

Do Citi Card Points Expire?

ThankYou points generally do not expire as long as you hold the Citi card that they were earned on. If you close a card, transfer your points to another card or have received promotional points from ThankYou Rewards, your points may expire. If applicable, you can find the expiration date of your ThankYou points when you log in to your account on ThankYou.com.

The post What Are Citi ThankYou Points Worth? first appeared on Newsweek Vault.

2024-05-06T16:25:26Z dg43tfdfdgfd