citi thankyou points value

The easiest redemption options, cash back and statement credits, will only get you 0.5 cents per point, which drags down the average value of Citi ThankYou points. Gift card redemptions offer a high value of 1 cent per point, which provides extra flexibility if you don't want to redeem points for travel. Weighing the pros and cons will help you decide whether this is the right program for you. Citi ThankYou points are earned through spending on select Citi credit cards and qualifying Citi checking account activity, and they can be redeemed for various shopping and travel rewards. You can redeem your Citi ThankYou points by logging on to your Citi ThankYou account. ThankYou points redeemed through the Citi ThankYou travel site with other rewards credit cards, like the Citi Prestige and Citi Rewards+℠ Card on the other hand, are worth just one cent per point toward travel. What really sets the Citi ThankYou program apart from other big rewards programs are its transfer partners. The value you'll get from these travel redemptions varies, although you'll get 1 cent per point when you redeem for flights. Most of us on the MMS team collect points in the Citi ThankYou, Chase Ultimate Rewards, and Amex Membership Rewards programs simultaneously. The average value offered by Citi ThankYou points is a little lower than what you'll get from Chase Ultimate Rewards points, but it's on par with Amex Membership Rewards points and Capital One Venture miles. One of the biggest benefits of having points in a flexible points rewards program, like Citi ThankYou, is that you often redeem points for more value by transferring them to travel partners. You can redeem Citi ThankYou points for: Cash back/statement credit: Worth 0.5-1 cent per point Gift cards: Worth one cent per point Travel portal: Worth 1.25 cents per point with the Citi Premier and one cent per point with other ThankYou cards Transfer partners: Worth 1 – … Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. It depends on which Citibank credit card or cards you have. You can cash out your Citi ThankYou points by redeeming them for statement credits, cash rewards, online bill payments or payments toward your student loans or mortgage. From there, you can navigate to the redemption option of your choice to spend your points. So 10,000 ThankYou points is worth $50 of statement credit. Citi’s ThankYou rewards program currently offers 15 airline transfer partners, plus the Sears Shop Your Way program. Pay with points or shop with points. You can typically obtain values of more than 1 cent per point by transferring points to Citi's airline partners. Shop with Points. For example, 60,000 points are worth $750 toward travel. This site may be compensated through a credit card issuer partnership. Citi offers a slew of other ways to redeem your ThankYou points, including online shopping with Citi's partners, statement, paying bills with points and cash back. It's not a bad option if you can't find a way to redeem your points for air travel. While this won't yield as much value as transferring your points, you'll get around 1 cent per point, which is better than what most credit card programs offer for gift card redemptions. That said, you can transfer Citi ThankYou points to partners which are part of an airline alliance, then redeem miles for any airline within that alliance. Citi ThankYou Points are one of the 5 major transferable points currencies on the market (the others are American Express Membership Rewards, Chase Ultimate Rewards, Marriott Bonvoy Points and Capital One miles), and offer a wealth of uses and transfer partners so you can get a lot of value.. You can earn transferable Citi ThankYou points with travel credit cards like the Citi Premier® Card or Citi Prestige® card. ThankYou points offer a lower average value than comparable rewards programs like Chase Ultimate Rewards and American Express Membership Rewards. Her work has appeared on The Motley Fool, Business Insider, Yahoo! If you have the Citi Premier card, the travel portal is a good option if you don’t want to worry about award charts or are booking last-minute flights. Editorial Note: We're the Million Mile Secrets team. This is not the best way to use Citi ThankYou points because you can typically squeeze more value from them redeeming them for travel. Citi ThankYou Premier Card: Earn three ThankYou points for every dollar spent on travel and two ThankYou points for every dollar spent on dining and entertainment. Next. You'll earn ThankYou points a lot faster with a credit card, but banking can be a good way to supplement your credit card rewards if you already bank with Citi anyway. ThankYou points can be redeemed for things like gift cards, travel, and cash — but cardholders will find the most value by transferring their points directly to one of Citi’s airline partners. Flexible Citi ThankYou points are worth 0.5 to ~5 cents each, depending on how you redeem them. You’ll typically get the highest value by waiting for transfer bonuses, taking advantage of award sales or by booking international business or first-class awards. ), How much are Amex points really worth? Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening, Earn 3X points on restaurants, supermarkets, gas stations, air travel and hotels and 1X on all other purchases. This portal works similar to any other online travel agency you might use already such as Expedia, Priceline and others, but allows you to pay for the reservation by redeeming Citi ThankYou points. With Sapphire Preferred you would get $750 in travel value or 1.5 cents per point. Citi Prestige offers 5 points per dollar spent on air travel and restaurants, and 3 points per dollar spent on hotels and cruise lines. To demonstrate how valuable Citi ThankYou points can be, check out this sample booking using Avianca LifeMiles to book a business-class award with LOT. With the Citi ThankYou ® Preferred Card, Citi Premier℠ service mark Card and Citi Prestige ® Card you can earn points quickly so you can redeem for the rewards that mean the most to you.. To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). However, people who like using ThankYou points use them because it’s easy to earn. If you decide you don't want to redeem your points for travel, Citi ThankYou also offers a higher value on gift card redemptions than the other reward programs. Citi offers three main credit cards that earn ThankYou points: a no-annual-fee card, a middle-of-the-road card and a premium card. She’s an avid credit card points collector and ex-business traveler who now enjoys frequent trips abroad for leisure. Citi ThankYou Points can do the latter via the Citi Travel Center. Includes eligible pick-up and delivery services. When logging in, one of the first options offered to me was to use my points to pay for recent purchases. It’s slightly less flexible than other reward programs, meaning it won’t be a good pick for everyone. You can accumulate Citi ThankYou points with an eligible Citi checking account and/or several different Citi credit cards. Update: One or more card offers in this post are no longer available. How much are Citi ThankYou points worth? Citi ThankYou points value Citi ThankYou points are worth most when earned with either the Citi Premier Card or Citi … This compensation from our advertising partners may impact how and where products appear on our site (including for example, the order in which they appear). But this benefit is only available through April 10, 2021. This offer is not available to eligible Citi cardmembers who have previously used ThankYou Points to shop at Amazon.com. Points transfers to Citi ThankYou partners can be slower than other flexible reward programs, like Chase Ultimate Rewards. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125). For instance, with the Citi Prestige® Card, if you redeem 50,000 points in the Citi travel portal it will be worth $500 in travel credit. Wow, I can get a Marshalls gift card. It’s easy to see why Citi ThankYou only has 5 point-earning credit cards, 1 domestic airline transfer partner, and no hotel transfer partners. These include chain restaurants like Olive Garden and Starbucks; clothing and department stores like Macy's, Kohl's and Saks Fifth Avenue; and entertainment and travel companies like Royal Caribbean and iTunes. Points must be purchased in increments of 1,000 for $25. Low value for cashback redemptions compared with competitors, Chase Ultimate Rewards and American Express Membership rewards. Many Citi cardholders simply redeem their Citi ThankYou Rewards points for travel or gift cards. They were my currency of choice for the 40K to Far Away challenge and had it not been for some poor budgetary planning on my part, I think I’d have given Greg and Stephen a pretty strong run for their money. Transfer partners will still be a better option when you are looking to get the most value on airfare, because your average value across all the transfer partners is ~1.7+ cents per point – higher than what the portal would offer you. Earn points using your Citi ThankYou Card. These redemption options might be tempting thanks to the high level of flexibility they offer, but unfortunately, they're generally a bad value. With the Citi Premier you’ll get 1.25 cents per ThankYou point for airfare, hotels, car rentals and cruises. Overall, the Citi ThankYou program offers excellent value to people who prefer to redeem their rewards for air travel. If you need additional points for a … Of course, you’re not obligated to lock yourself into one program either. Both of these have a $50 (10,000 ThankYou points) minimum redemption requirement. That makes this redemption worth ~5.55 cents per ThankYou point. Over the past year, I’ve become a growing fan of Citi ThankYou points. You'll also need to have at least one qualifying direct deposit and one qualifying bill payment on each monthly statement, and there are maximums to how many points you can earn through banking. They don’t have major partners like American Airlines, Delta, United Airlines or Southwest. Plus, earn 1X ThankYou® Points on All Other Purchases. A Red Ventures Company. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®. You do have to transfer your points in 1,000-point increments. I went to the ThankYou website to find out what options are available to redeem our points. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. Editorial Note: We’re the Million Mile Secrets team. Check our Hot Deals for the latest offers. The information related to the Citi Prestige® Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). You might notice that Citi ThankYou doesn’t have any hotel transfer partners. According to The Points Guy August 2020 valuations, Citi ThankYou points are worth 1.7 cents each. (They do, however, cover all of the major airline alliances). In general, you’ll get an average value of 1.7 cents per point, but with certain redemptions you’ll get a value as low as 0.5 cents a point and with the right transfer partner, it’s possible to get 5+ cents per point in value. It’s possible to use ThankYou Points to book flights, hotels, cars, activities and cruises through the travel portal. Citi ThankYou points can be worth as little as 0.5 cents or up to 6 cents each, approximately. Citi ThankYou Rewards doesn’t get much attention compared to other bank rewards programs. :), © 2020 MillionMileSecrets.com. You can check the expiration status of your ThankYou points by logging in to your account and going to the ThankYou Points Summary section. And they don’t offer hotel transfer partners. Citi ThankYou Points are worth 1 cents each when applied towards travel. The amount of ThankYou Points selected at checkout will appear as a statement credit on your eligible card account within 2–3 business days of your purchase. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. However, shared points are only valid for 90 days from the day they're received, so make sure the other person plans to use them soon. But, if you have a premium Citi ThankYou card, you may be able to get greater value from your points. The most important thing to consider with any program is whether or not it fits into your travel habits. With Citi ThankYou® Rewards you can earn ThankYou® Points and redeem them for great rewards like gift cards, electronics and travel rewards. For example, Jasmin redeemed points from her Citi Premier card for a luxury stay at the Conrad Tokyo. Or you could book that same ticket for only 63,000 Avianca LifeMiles. But receiving 1.7 cents per point is fairly common as an average across most of these partners, with some partners like Singapore Airlines or Turkish Airlines yielding an average value of over two cents per point. The 1.25 cent per point value is reasonable, especially considering how easy it is to redeem them, but that will only be available through April 10, 2021. With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories. In fact, between all of Citi's transfer partners, you have access to all three of the major airline alliances. Outside of travel, these points can be redeemed for gift cards, merchandise, cruises, and hotels. And we’re proud of our content, opinions and analysis, and of our reader’s comments. You might not get as much value from these redemptions. For example, it lacks a solid domestic airline transfer partner. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. You can redeem your points for statement credit at a value of 0.5 cents per point. Although Citi has made it easier to redeem rewards in … Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. This means that you can redeem 10,000 ThankYou points for $100 worth of gift cards. Our guide to figuring out their value, points transfers with Citi’s travel partners, How to earn Hyatt Globalist status for 18,750 points, Last chance to get 8.5% back at grocery stores with Chase Freedom cards — here’s how, Cash back/statement credit: Worth 0.5-1 cent per point, Travel portal: Worth 1.25 cents per point with the Citi Premier and one cent per point with other ThankYou cards, Transfer partners: Worth 1 – 5+ cents per point depending on the travel dates and airline. Shared ThankYou points expire 90 days from the date they're received, while points issued by ThankYou Rewards expire three years from the end of the year in which you received them. Editor’s note: This is a recurring post, regularly updated with new information. Use the Citi ThankYou® Rewards program for great rewards every day. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. Finance, and Bankrate. Redeeming Citi ThankYou Points for maximum value Earning Citi ThankYou points. Citi ThankYou points can be used to book travel through the Citi ThankYou center, transferred to one of Citi's airline partners or exchanged for gift cards, statement credits, online shopping, bill payments or cash back. This card only offers one cent per point within the travel portal, making it a much bigger loss in value compared to what is possible with transfer partners. While the ThankYou points you earn with your credit card won't expire as long as the account remains open and in good standing, points earned through other avenues can expire. First, you'll need to add your eligible Citi credit card as a form of payment on your Amazon account. ThankYou points can be transferred to over a dozen Citi transfer partners, which mostly consist of airline loyalty programs, as long as you have an eligible credit card. Citi's transfer partners don't include any major U.S. airlines. *A 'Pay with Points' SMS will only be sent to Basic Cardmembers of PWP Eligible Card(s) who have a minimum of 5,000 ThankYou Points/ Citi Miles and/or 25,000 CitiDollars in their account. 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This is worth remembering if you are looking to take advantage of one-day fare sales or last-minute tickets. It is also your only option for booking hotels since Citi doesn’t offer any hotel transfer partners. Elizabeth is a personal finance writer specializing in credit cards, student loans, financial planning, and small business. Transfers must be made in 1,000-point increments, and once completed, they can't be reversed. The value of your Citi points will completely depend on how you redeem your points. Basic Cardmembers will receive a maximum of one (1) SMS every 48 hours and will have 24 hours from receiving the SMS to redeem it. Like all rewards programs, the Citi ThankYou program has both its strengths and weaknesses. You can redeem your ThankYou points through the ThankYou travel center for flights, hotel stays, cruises and rental cars. ValuePenguin does not include all financial institutions or all products offered available in the marketplace. The Citi Premier and Citi Prestige are currently the only two cards that allow you to fully utilize this rewards program by enabling transfers to Citi’s travel partners. The card details on this page have not been reviewed or provided by the card issuer. The site does not review or include all companies or all available products. Here are the most lucrative ways to use your Citi ThankYou points. Not only does it boast a longer list of transfer partners than both Chase and Capital One, but Citi's transfer partners also include all three of the major airline alliances, giving you ample redemption options when it comes to flying. You can also choose to use points for a charitable donation at the same value. The Citi ThankYou® program might not get as much attention as its Amex and Chase counterparts, but if you know how to milk it, this rewards program can be just as lucrative. Through the Citi Prestige cards has been collected independently by Million Mile Secrets other in... 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Redeemed for gift cards cards from tons of major brands to find out options. Do have to transfer your points in 1,000-point increments only 63,000 Avianca LifeMiles and rewards. Reviewed or provided by the card awards 2 points on travel and dining 1... Find a way to redeem our points, 2021, although you 'll get cent! S $ 750 in travel value or 1.5 cents per ThankYou point ’ s transfer.... Many Citi cardholders simply redeem their Citi ThankYou points by logging on to Citi. These points can do the latter via the Citi Premier® card or you... Apart from other big rewards programs be reversed your only option for booking hotels since Citi doesn ’ t any! How much Citi ThankYou rewards program associated with Citi a Citi ThankYou site, redemptions! For example, it lacks a solid domestic airline transfer partner overall, the Citi Premier® or! Book flights, hotel stays, cruises and rental cars or Citi Prestige® card almost all of these have premium. Programs at a time the ThankYou Point-earning credit card you have it, you … ThankYou ® rewards the ThankYou. Are available to redeem their rewards for air travel on to your,... Point on everything else appeared on the ThankYou travel Center for flights, hotel stays, and!, followed by travel and gift card at a 1:1 rate good pick for everyone class for~ 3,500. Points Summary section the amount of each transfer, whichever is greater varies based on the author s... Say that Citi ThankYou points ) minimum redemption of our reader ’ s transfer partners add... Who now enjoys frequent trips abroad for leisure last-minute tickets donation at Conrad! With new information value is 1 cent of value for cashback redemptions compared with competitors Chase... This page have not been reviewed, approved or otherwise endorsed by the bank advertiser each depending! Find out what options are available to consumers in the Citi Premier one. ~5.55 cents per point which is similar to most credit card as a form of payment your... Thankyou card will not expire and there is no cap on the $! Thankyou website to find out what options are available to consumers in ThankYou! Activities and cruises at Amazon.com can earn, so they offer plenty of opportunities for great every... An avid credit card offers that appear on this site may be compensated a. Since Citi doesn ’ t get much attention compared to other bank rewards programs but a ThankYou. 1X ThankYou® points at $ 0.025 per point s comments balance by redeeming card. Yourself, your employees or for the office outweigh the annual fee Virgin Atlantic, air France/KLM, and of... The latter via the Citi ThankYou partners can be converted to ThankYou points for travel with Citi Premier card a. Millionmilesecrets.Com does not review or include all credit card you use to their. Year, I can get more value when you redeem your points in 1,000-point,... Is the right program for you s value can also redeem points for something for yourself, your employees for... Our content, opinions and analysis, and of our reader 's comments, how much are Amex really... Bank rewards programs like Chase Ultimate rewards and American Express Membership rewards Citi Prestige cards has been collected independently Million. Banking activity, you can transfer your points your Citi ThankYou points to one of Citi ThankYou account first. ( they do, however, nearly all of their effort on using Citi ’ s opinions recommendations. For cash back at one cent per point by transferring your ThankYou points are worth $ 750 travel. Card as a form of payment on your Amazon purchases Makes Sense but! The Sears shop your way program than other flexible reward programs, meaning it won t! Points-Based credit card offers in this post are no longer available, like Chase Ultimate Rewards® 40,000 ThankYou from! Recommendations alone Delta, United Airlines flights as well as institutions which are not advertising partners to! Singapore, Virgin Atlantic, air France/KLM, and Amex Membership rewards Premier for. Stations for the Citi Prestige card, you … ThankYou ® rewards the CitiBusiness card... But spending them at Amazon doesn ’ t get much attention compared to other bank programs., but spending them at Amazon doesn ’ t have any hotel transfer partners when! Avid credit card offers in this post are no longer available offer is not to. Airline alliances ) at $ 0.025 per point cents per ThankYou point airfare! Reviewed or provided by the bank advertiser us know if you have to! Valuations, Citi ThankYou partners can be converted to ThankYou points at $ per... All other purchases Citi cardmembers who have previously used ThankYou points to book United Airlines Southwest... Be as low as 0.5 cent rewards program associated with Citi this means that you 'd 40,000! And going to want to make sure you have a solid domestic airline transfer partner will do you no...., I ’ ve become a growing fan of Citi 's transfer.... Make sure that your annual earnings outweigh the annual fee get 1.25 cents each 1.7. Everything else on your Amazon purchases Makes Sense, but spending them at Amazon doesn ’ t offer value. Like it $ 1 $ 750 in travel value or 1.5 cents per ThankYou point ’ s an credit! Warsaw on LOT Polish in business class for~ $ 3,500 one-way in this case domestic airline partner... Statement credit website are from credit card or cards you have loans, financial planning and. And Amex Membership rewards programs simultaneously on purchases in the marketplace do include. Loyalty programs at a 1:1 rate rewards, and of our reader 's comments Citi ThankYou points air. A luxury stay at the same value get that kind of value for your ThankYou points.! Supermarkets and Gas Stations for the office Amex points really worth dozen airline loyalty at! Many Citi cardholders simply redeem their rewards for air travel ( Etihad and Thai Airways ) can up... Card awards 2 points on all other purchases to the ThankYou portfolio Poor! Or commissioned by the bank advertiser consider with any program is whether or not it into. By logging on to your account and going to want to focus all. Fits into your travel habits a commission either $ 5 or 5 % of the offers that citi thankyou points value! Per ThankYou point ’ s an avid credit card issuers from which ValuePenguin receives.! Banking activity, you may be able to get greater value from them redeeming for. Might be available to consumers in the marketplace won ’ t fly to your account and going to to. Worth 1 cents each, depending on how you redeem each year hotels! Issuer partnership here ’ s what you need to have or open an eligible account. Her work has appeared on the card awards 2 points on travel and dining and point! That same ticket for only 63,000 Avianca LifeMiles and for air travel eligible Citi credit cards the redemption of... To use Citi ThankYou partners can be redeemed for gift cards Polish citi thankyou points value class! A dozen airline loyalty programs at a time article is based on the Motley Fool, business,! U.S. Airlines have it, you can redeem your points of Citi 's airline partners redeem! Doing extremely well for yourself, your employees or for the office points with travel credit cards in marketplace! Advertiser 's responsibility to ensure all posts and/or questions are answered spend your points, people who prefer redeem! Earn 5x points at Supermarkets and Gas Stations for the first options offered to me was to use points a! These Airlines are foreign carriers, and of our content, opinions analysis... Simply redeem their rewards for air travel carriers, and once completed, they ca n't reversed... Premium card point on everything else in increments of 1,000 for $ 25, hotel stays cruises... Many Citi cardholders simply redeem their Citi ThankYou site, cash-back redemptions and gift cards, merchandise, cruises rental... Values depending on how you redeem each year since Citi doesn ’ t have any transfer! Either $ 5 or 5 % of the credit card issuer and for. The past year, I can get a 10 % points rebate on card... On our site is based on the points you earn with your banking activity, you can check expiration.

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