Over 68 million Citi credit cards are currently in circulation, including co-branded credit cards with names like Bloomingdale’s, Macy’s, American Airlines, and more. What about TY points earned from bank accounts? As noted by Frequent Miler, there are some exciting improvements to this redemption opportunity: The ability to buy gift cards in much larger increments is really a game changer here, especially if you’re looking to close out a Citi account and want to redeem your ThankYou points without traveling. Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. The avid traveler; The gift card connoisseur; The online shopper; And more On November 30th, Citi will be offering a 20% discount when redeeming ThankYou points for select gift cards. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances. Lets say you have both of these cards: Personally this still isn’t how I would choose to redeem my Citi ThankYou points. Must first activate the offer here. The 32 Best Ways to Use Your Citi ThankYou Points. I value Citi ThankYou points at ~1.7 cents each, so getting ~1.2-1.33 cents per point doesn’t quite get me the value I’m looking for. The rewards plus option really makes this intriguing — especially as you note because all of this can be done with no fee cards even if it’s a bit cumbersome. Earn 2x ThankYou points on supermarket purchases (up to $6,000 per year in combined gas station and supermarket purchases, then 1 point per dollar) with the Citi Rewards+ Card. The Citi Double Cash Card lets customers transfer cash rewards into Citi’s ThankYou points rewards program, effectively at a 1:1 ratio. Flight Attendants In China Told To Wear Diapers, Alaska Mileage Plan Changes How Status Is Earned, Cathay Pacific’s A321neo Business Class Revealed, Thai Airways Selling Boeing 747, Airbus A380 Fleet, Best Airline Credit Cards for Miles & Points, Citi ThankYou points are usually best transferred to airlines, Convert Citi ThankYou points into Sears Shop Your Way Points. Notably, they are the only cards that allow point transfers to all of Citi’s air partners (which is, by far, the best redemption option). It’s worth noting that Sears is on the rocks and who knows how much longer it will even be around, so I definitely wouldn’t let any points sit in a Sears Rewards account for 1 minute longer than necessary to do this! They are not reflective of any card issuer or financial institution and have not been reviewed or approved by these entities unless otherwise noted. What are the practical implications of this? Also, reward yourself with the freedom to choose your favorite. I liquidated my Rewards+ bonus this way. He chronicles his adventures, along with industry news, here at One Mile at a Time. Citi Rewards Catalogue - enjoy the new way to redeem your rewards points for premium gifts and experiences. Related Article: Citi Announces New Holiday Shopping Cash Back Offer. Citi is offering cardholders 20% more value when redeeming their ThankYou points for select gift cards on November 30 th. Citi ThankYou Points can be redeemed for gift cards. “Generally speaking a $1 gift card requires 100 Shop Your Way points.”. 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. Stay connected via social media, or subscribe to our free email newsletter for tips on upgrading your travel and maximizing your miles! These redemptions are especially valuable for international flights. The no annual fee Citi® Double Cash Card (review) offers 1% cash back when you make a purchase, and 1% cash back when you pay for that purchase. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Whether it's using Pay with Points to offset purchases, converting your Points, redeeming Points via Citi Mobile ® App or online, choose what you love from a variety of rewards.. Please view our advertising policy page for additional details about our partners. Throughout the discounted promotion, you will be able to either get a $50 Home Depot Gift card for 4,000 points, 4,250 points, 4,500, varying per individual. Citi Premier® Card & Citi Prestige® Card: These full-featured cards earn ThankYou points redeemable for gift cards, travel, and other rewards. For example, you’ll be able to buy $125 in gift cards for 10,000 ThankYou points with this discount (1.25 cents-per-point) whereas typically you’d only get $100 in gift cards. Citi has been sending out emails with an offer of $50 Home Depot Gift Cards at a discount. Restaurants – Earn 3x ThankYou points with the Citi Premier Card. Credits & Cash Back. See where you can go with ThankYou® Points. I’m not affiliated with them but I read the frequent miler blog and those guys do some really amazing work on stuff like this. The Citi Rewards+ SM Card offers 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com. If you want to redeem cash back for credit card spend, there are better and easier options, including While we do try to list all the best miles and points deals, the site does not include all card companies or credit card offers available in the marketplace. Greg and Nick at Frequent Miler offer really unique perspectives and “outside the box” strategies and techniques in earning and redeeming our points and miles. Citi ThankYou Rewards doesn’t get much attention compared to other bank rewards programs. Citi Rewards+ SM Card. If you hold multiple Citi cards, the points will be pooled into one account, so there really shouldn’t be too much of a reason for you to want to combine two Citi ThankYou accounts. To me that means the card earns 2x ThankYou points per dollar spent (after paying the bill), which is awesome. Apple now lets you use your balance for product purchases too. In other words, this is a way to get 1.2 cents of value per ThankYou point when redeeming for gift cards, rather than the typical one cent per point directly through Citi ThankYou. Citi Rewards+ SM Card. While Citi offers a vast selection of gift cards to choose from (a full list is available here), the options that apply towards the 20% discount are limited: Not all Citi credit cards earn ThankYou rewards. It potentially gets even better than that, as the no annual fee Citi Rewards+℠ Card (review): Having the Citi Double Cash and Citi Rewards+ can potentially improve your rewards even more. As much as I love loyalty programs, I can’t say I’ve spent much time studying Sears’ program prior to this. The points you earn with your Citi ThankYou Card will not expire and there is no cap on the points you can earn. In the past you could only use these for iTunes/iCloud/AppStore charges. Shop Your Way lets you redeem points for gift cards from a variety of retailers, including American Airlines, Apple, Chipotle, CVS, DoorDash, eBay, Hotels.com, Lowe’s, Nordstrom, Uber, Walmart, and many more. Pay with points or shop with points. Honestly it is really cumbersome. Earning Citi ThankYou Points for Your Amazon Purchases Makes Sense, But Spending Them at Amazon Doesn’t. – Churn Discover It Miles (3% cash back) Generally speaking, a $1 gift card requires 1,000 Shop Your Way Points. Plus, with certain cards you’ll have the ability to transfer points to airline partners like Avianca LifeMiles, Singapore Airlines KrisFlyer and Etihad Guest. Help us fund therapy sessions for black women and girls, What You Need to Know About Airline Partnerships & Alliances, The Latest Coronavirus (COVID-19) Updates & Policies, The news, resources, & information you need. This compensation may impact how and where products appear on this website – including, for example, the order in which they appear. Redeeming reward points for gift cards typically offers lower value-for-money than other award options, such as travel. Get $20 off $50 when you use at least one Citi ThankYou point. As COVID-19 continues to impact travel globally, please remember that once you submit a request to transfer ThankYou Points to a participating loyalty program, the request to transfer cannot be cancelled and ThankYou Points cannot be transferred back to your ThankYou account. No, Citi does not allow ThankYou Points holders to combine two or more ThankYou Points accounts (such as with two friends, however you can share the points using a points transfer). Citi is not responsible for the products, services or facilities provided and/or owned by other companies. There can be value in transferring Citi ThankYou points to Sears Shop Your Way points for the purposes of gift card redemptions. This redemption gives each ThankYou Point a value of 1 cent each. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. 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. Going to the Citi ThankYou website, you can redeem 2,500 ThankYou points for a $25 gift card from your choice of a variety of retailers. Not that interesting. If you'd like to participate in the discussion, please adhere to our commenting guidelines. One Mile at a Time is owned by PointsPros, Inc. Normally, you can redeem Citi ThankYou points for gift cards at a rate of 1 cent each in increments between $25 & $100. Here is what we know about Citi’s ThankYou Points gift card promotion: Citi is offering cardholders 20% more value when redeeming their ThankYou points for select gift cards on November 30th. Citi ThankYou Points points can be converted into Sears Shop Your Way points at a 1:12 ratio. These are the best publicly available offers (terms apply) that we have found for each product or service. Starbucks gift cards; And more; You will need to use your Citi credit card for this purchase to use a ThankYou point. Please view our advertising policy page for additional details about our partners. You’ll get 20% more value than you’d get redeeming for gift cards directly through the ThankYou program. Citibank is the fourth-largest bank in the U.S. by total assets – and the third-largest issuer of credit cards. All images used are for informative and editorial purposes, and they do not signify ownership, representation, or association with the entities displayed in said images. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day. Why should you care about being able to redeem Citi ThankYou points for gift cards at a more efficient rate? – Just use Double Cash as intended (2%) Why is this even worth considering? Earn 75,000 Membership Rewards® points | Terms Apply. Here’s how to go about doing this deal: (Link your Citi ThankYou account to your Amazon account if you haven’t already; note, you often have to wait 24 hours after registering your card until you … Citi ThankYou points are only worth 0.8 cents each when you use them to pay at Amazon, but when you redeem them for travel, you can get a lot more out of them. In conjunction with a card earning ThankYou points, like the Citi Premier® Card (review), you can convert the rewards on this card into ThankYou points. The Best Credit Cards for Holiday Entertaining, Report: Consumers Feel Safer Shopping In-Store, Italy Offers Cash Back Rewards to Boost Credit Use. ThankYou Points for gift cards. The complicated part is that only certain Citi ThankYou cards let you transfer points … The additional 20% one-day offer from Citi, however, increases that value to approximately 1.25 cents-per-point. The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered. Save my name, email, and website in this browser for the next time I comment. Do Credit Cards Offer Holiday Returns Protection? So anyone planning on getting an iPhone 12 or new Apple Silicon MacBook Pro can pull a nice discount from this card. Going to the Citi ThankYou website, you can redeem 2,500 ThankYou points for a $25 gift card from your choice of a variety of retailers. I love earning transferable points currencies for the flexibility that they offer. I get lots of value from Citi ThankYou airline transfer partners, especially when we see transfer bonuses. Well, the value proposition of this has just gotten even better, so let’s take a look at the details. Keep in mind that you transferred those points at a 1:12 ratio, meaning that the $100 gift card is costing you 100,000 Shop Your Way points, or ~8,333 Citi ThankYou points (given the 1:12 transfer ratio). $30 gift cards being the max is the real impediment here, and the retailers are limited. Required fields are marked *. ThankYou Points were designed to provide incredible benefits to eligible cardmembers, which is why the points can be redeemed in a variety of ways ‐ including gift cards and travel rewards ‐ offering something for everyone, including:. Opinions expressed here are the author's alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. Frequent Miler noted an interesting redemption opportunity that’s at least worth being aware of, which I hadn’t explored prior to a couple of months ago. Consumer Credit Card Debt Now Lowest in Three Years, Chase Unveils Q1 2021 Freedom 5% Cash Back Categories, Federal Reserve Keeps Low Interest Rates for Now. Several card offers and other products that appear on this website are from companies from which BestCards.com receives compensation. The issuer is notifying eligible cardholders of this offer via email, with the official language stating, “Use 20% fewer points on select gift cards.” … Next to booking travel, this is another good use of Citi ThankYou Points since you get the full value of each point. Travel in the Time of COVID: The news, resources, & information you need. For one day only companies or all card offers that are mentioned on this –... Thankyou directly publicly available offers ( Terms Apply ) that we have found for each product or service redeeming... 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