Comments on: Getting The Most Out Of Your Citi Thank You Points http://www.nerdwallet.com/blog/2010/getting-the-most-out-of-citibank-thank-you-points/ Reviews and More Sun, 05 Feb 2012 22:16:59 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tim http://www.nerdwallet.com/blog/2010/getting-the-most-out-of-citibank-thank-you-points/comment-page-1/#comment-14314 Tim Sun, 20 Nov 2011 17:32:00 +0000 http://www.nerdwallet.com/blog/?p=1663#comment-14314 Yes they do this with certain cards, but it doesn't raise the return percentage by much. If you are able to get the full 1% return out of your ThankYou Points (for instance, by redeeming 10,000 points for a $100 gift card), then a 1% anniversary bonus your first year only increases that to 1.01%. And only if you keep the card for more than two years do you get the 3% bonus, which still only raises your return to 1.03%. Meanwhile, the Chase Sapphire Preferred card pays 2% on travel and dining, 1% on everything else, and gives you a 7% anniversary bonus every year, no matter how long you have the card: http://www.nerdwallet.com/blog/2011/chase-sapphire-offers-50000-point-signup-bonus-worth-500/ Yes they do this with certain cards, but it doesn’t raise the return percentage by much. If you are able to get the full 1% return out of your ThankYou Points (for instance, by redeeming 10,000 points for a $100 gift card), then a 1% anniversary bonus your first year only increases that to 1.01%.

And only if you keep the card for more than two years do you get the 3% bonus, which still only raises your return to 1.03%.

Meanwhile, the Chase Sapphire Preferred card pays 2% on travel and dining, 1% on everything else, and gives you a 7% anniversary bonus every year, no matter how long you have the card: http://www.nerdwallet.com/blog/2011/chase-sapphire-offers-50000-point-signup-bonus-worth-500/

]]> By: Daddude http://www.nerdwallet.com/blog/2010/getting-the-most-out-of-citibank-thank-you-points/comment-page-1/#comment-14311 Daddude Sun, 20 Nov 2011 04:56:00 +0000 http://www.nerdwallet.com/blog/?p=1663#comment-14311 Does Citi now provide an annual anniversary bonus? Does this effectively raise the return percentage? I'm looking the Citi ThankYou and Citi ThankYou Preferred Card Terms and Conditions that say: "At the end of each Citi ThankYou Card account membership year (your membership year begins the date you become a Citi ThankYou cardmember and resets each year on that date) you will also earn an Anniversary Bonus calculated as a percentage of ThankYou Points earned from purchases during that membership year as follows: Membership Year Anniversary Bonus % 0 - 1 1% 1 - 2 2% 2 - and after 3% Does Citi now provide an annual anniversary bonus? Does this effectively raise the return percentage? I’m looking the Citi ThankYou and Citi ThankYou Preferred Card Terms and Conditions that say:

“At the end of each Citi ThankYou Card account membership year (your membership year begins the date you become a Citi ThankYou cardmember and resets each year on that date) you will also earn an Anniversary Bonus calculated as a percentage of ThankYou Points earned from purchases during that membership year as follows:

Membership Year Anniversary Bonus %
0 – 1 1%
1 – 2 2%
2 – and after 3%

]]> By: Tim http://www.nerdwallet.com/blog/2010/getting-the-most-out-of-citibank-thank-you-points/comment-page-1/#comment-13585 Tim Wed, 05 Oct 2011 19:11:00 +0000 http://www.nerdwallet.com/blog/?p=1663#comment-13585 Yep, they just rolled out that deal for the Citigold checking account. Note however that you have to keep $50k in your accounts at Citi, or they charge you $30/month. There's also a deal to get $200 in gift cards with an account that only has a $20 fee, waived if you keep $6k in your accounts: the "Citibank Account ". However, they also just announced they're raising the minimum balances on their accounts later this year: http://finance.yahoo.com/news/Citi-announces-new-fees-on-cnnm-215283524.html Yep, they just rolled out that deal for the Citigold checking account. Note however that you have to keep $50k in your accounts at Citi, or they charge you $30/month.

There’s also a deal to get $200 in gift cards with an account that only has a $20 fee, waived if you keep $6k in your accounts: the “Citibank Account “.

However, they also just announced they’re raising the minimum balances on their accounts later this year:
http://finance.yahoo.com/news/Citi-announces-new-fees-on-cnnm-215283524.html

]]> By: tinfoil hat http://www.nerdwallet.com/blog/2010/getting-the-most-out-of-citibank-thank-you-points/comment-page-1/#comment-13583 tinfoil hat Wed, 05 Oct 2011 18:53:00 +0000 http://www.nerdwallet.com/blog/?p=1663#comment-13583 Yesterday I got an offer from Citibank for $400 in gift cards if I open up a checking account with them. It required one direct deposit within 45 days and one electronic bill payment for two consecutive months. Yesterday I got an offer from Citibank for $400 in gift cards if I open up a checking account with them. It required one direct deposit within 45 days and one electronic bill payment for two consecutive months.

]]> By: Alice http://www.nerdwallet.com/blog/2010/getting-the-most-out-of-citibank-thank-you-points/comment-page-1/#comment-13287 Alice Fri, 16 Sep 2011 15:15:00 +0000 http://www.nerdwallet.com/blog/?p=1663#comment-13287 On 9/15/11, I was going to redeem some of my Citi Thank You rewards points, and not only are the $10, $25 and $50 gift cards back to the less favorable ratios (costing 1,500, 3,500 & 6,000 points respectively) but there is no longer an option for getting a $100 gift card for 10,000 points. On 9/15/11, I was going to redeem some of my Citi Thank You rewards points, and not only are the $10, $25 and $50 gift cards back to the less favorable ratios (costing 1,500, 3,500 & 6,000 points respectively) but there is no longer an option for getting a $100 gift card for 10,000 points.

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