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Citi ThankYou Points

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Citi ThankYou Points

Citi ThankYou®: The basics

Citi ThankYou® Points range in value, depending on how you use them, but they max out at 1 cent per point for most CitiCards. They can be redeemed for a wide variety of rewards, including travel, gift cards, merchandise, debt payments and cash back.

Cards that earn ThankYou® Points

Citi ThankYou® Preferred Card — Earn 20,000 Bonus Points

  • 2X points on dining at restaurants and entertainment
  • 1 point per dollar spent on everything else

Citi ThankYou® Premier Card

  • 3X points on travel, including gas
  • 2X points on dining out and entertainment
  • 1 point per dollar spent on everything else

Citi Prestige® Card

  • 3X points on airfare, hotels and travel agencies
  • 2X points on dining at restaurants and entertainment
  • 1 point per dollar spent on everything else

Citi ThankYou® Preferred Card for College Students

  • 2X points on dining at restaurants and entertainment
  • 1 point per dollar spent on everything else

AT&T Access Card from Citi

  • 2X points on products and services purchased directly from AT&T
  • 2X points on online purchases at retail and travel websites
  • 1 point per dollar spent on everything else

Citi Chairman: No longer accepting new applications

CitiBusiness® ThankYou®: No longer accepting new applications

How to get more ThankYou® Points

Citi banking customers can earn extra points by enrolling their checking accounts, setting up one qualifying direct deposit each statement cycle and setting up one qualifying bill payment each statement cycle. Rewards will vary based on account type and certain monthly activities. See the details here.

You can purchase ThankYou® Points at a rate of 2.5 cents each in 1,000 point increments, so you can get 1,000 points for $25. Because ThankYou® Points are worth 1 cent each or less, this isn’t a good deal. You could buy ThankYou® Points to top off your account if you’re close to a certain high-value reward, but it makes far more sense to reach the points balance necessary by earning ThankYou® Points through card spending.

How to redeem ThankYou® Points

Good redemption options

ThankYou® Points can be redeemed for rewards at a rate of 1 cent each or less. As such, you should aim to get 1 cent out of each point if possible. At this rate, you have several redemption options:

  • Redeem ThankYou® Points for mortgage or student loan payments starting at 2,500 points ($25), all the way up to 100,000 points ($1,000).
  • Redeem ThankYou® Points for charitable contributions starting at 2,500 points ($25), all the way up to 10,000 points ($100).
  • Redeem ThankYou® Points for gift cards starting at 2,500 points ($25), up to 10,000 points ($100). Note: Some gift cards have lower redemption values, and some credit cards have different redemption requirements (i.e., 3,500 points for a $25 gift card). For the best value, choose a gift card with a redemption value of 1 cent per point.
  • Redeem ThankYou® Points for rental certificates for Avis or SIXT starting at 2,500 points ($25), up to 10,000 points ($100). Note: Some credit cards have different redemption requirements (i.e., 3,500 points for a $25 gift card). For the best value, choose a rental certificate with a redemption value of 1 cent per point.

You can also use your ThankYou® Points to book travel through Citi’s Travel Center at a rate of 1 cent per point. If you have the Citi ThankYou® Premier Card, your points are worth 25% more when used to book travel this way, or 1.25 cents per point.

Bad redemption options

Rewards that have a redemption rate of less than 1 cent per ThankYou® Point aren’t ideal. There are several rewards with low values, including:

  • Merchandise: Varies, less than 1 cent per point
  • Prepaid debit card: 0.63 to 0.71 cents per point
  • Cash: 0.5 cents per point
  • Statement credit: 0.5 cents per point
  • Amazon purchases: Around 0.79 cents per point
  • Select and credit: 0.75 cents per point

Of course, if you prefer one of these redemption options to the higher value rewards, feel free to redeem your ThankYou® Points here. But understand that you’re getting a lower value per point.

Transfer partners

You can transfer your ThankYou® Points at a rate of 1:1 to a multitude of frequent flier programs, or you can transfer your points to Hilton HHonors at a rate of 1:1.5. Here are Citi’s current partner programs:

  • Airlines
    • Asia Miles
    • EVA Air Infinity MileageLands
    • Etihad Guest
    • Flying Blue
    • Garuda Indonesia Frequent Flier
    • Malaysia Airlines Enrich
    • Qantas Frequent Flyer
    • Qatar Airways Privilege Club
    • Singapore Airlines KrisFlyer
    • Thai Airways Royal Orchid Plus
    • Virgin Atlantic Flying Club
  • Hotels

Travel hackers may be intrigued, but this isn’t necessarily the best redemption option. Frequent flier miles are often worth more than 1 cent each, but it’s important to note that Citi’s partner programs aren’t very popular for most U.S. residents.

It’s also important to note that Hilton HHonors points are worth about 0.5 cents each, meaning that using your ThankYou® Points in this way effectively makes them worth 0.75 cents each. This is less than our ideal 1 cent per point value, so the Nerds recommend that you skip it.

Fine print

Unless otherwise stated in your benefits statement, ThankYou® Points expire three years from the end of the year you earned them. Some cards offer points that don’t expire as long as you actively earn or redeem rewards. Check your benefits statement for details.

Top cards that earn ThankYou® Points

Citi ThankYou® Preferred Card — Earn 20,000 Bonus Points

Citibank ThankYou Preferred Credit Card
Apply Now

on Citibank's
secure website

If you don’t want to pay an annual fee, the Citi ThankYou® Preferred Card — Earn 20,000 Bonus Points is likely your best bet. It offers 2X points on dining out and entertainment spending, and 1 point per dollar spent on everything else. Plus, there’s a sign-up bonus: Earn 20,000 bonus ThankYou® Points after $1,500 in card purchases within 3 months of account opening - redeemable for $200 in gift cards or other great rewards.

The Citi ThankYou® Preferred Card — Earn 20,000 Bonus Points has an annual fee of $0* and an introductory APR of 0% for 12 months on purchases and balance transfers, and then the ongoing APR of 12.99% - 22.99% Variable .

Citi ThankYou® Premier Card

Citibank ThankYou Premier Credit Card
Apply Now

on Citibank's
secure website

For higher rewards, check out the Citi ThankYou® Premier Card. It offers 3X points on travel (including gas), 2X points on dining out and entertainment, and 1 point per dollar spent on everything else. And there’s a sweet signup bonus: Earn 50,000 bonus ThankYou Points after $3,000 in purchases within the first 3 months of account opening - redeemable for $500 in gift cards, $625 for airfare, or other great rewards.

The Citi ThankYou® Premier Card has an annual fee of $95; fee waived for the first 12 months* and no foreign transaction fees.

Methodology

The calculated value of these points is based on an estimated redemption rate, not a credit card rewards earn rate. Therefore, you may notice that these numbers don’t match the rewards rates on our credit card finder tool. Read on for how we estimated these points values.

The different values of Citi ThankYou® Points are calculated by taking the cash value of a reward divided by the number of points it requires. So if you want to redeem points for a $100 Gap gift card:

$100 / 10,000 points = $0.01 per point

You can use this calculation for most of the redemption options, including gift cards, cash, statement credit, prepaid debit and more.

For merchandise, we found that more expensive items tend to have better redemption values. Here are a couple of items (one low-priced item, one high-priced item) we crunched the numbers for:

“Crazy Stupid Love” DVD = $4.99 / 1,800 = $0.0028 or 0.28 cents

Samsung 32” HDTV = $287.95 / 33,400 = $0.0086 or 0.86 cents

For Amazon purchases, the value is right around 0.8 cents. We attempted to redeem a small number (61 ThankYou® Points), which came to $0.48.

$0.48 / 61 points = $0.0079 or 0.79 cents

 

Last updated on March 14, 2015

Erin El Issa is a staff writer covering personal finance for NerdWallet. Follow her on Twitter @Erin_Lindsay17 and on Google+.


Image via iStock.

  • http://www.khad.com/ khad

    You can get a full cent per point with a mortgage credit. I do this every time. In fact, I just got off the phone with them and have another $100 on the way. Call the ThankYou Rewards number (866) 908-8778 and ask them to send you a mortgage check. Since most banks also offer mortgages, you can just tell them the name of your bank and deposit the check in your checking account. You don’t even need to have a mortgage to do this.

    There is absolutely no need to get *anything* less than a penny per point.

  • abdelnoesta

    I find that the best value for those points are when you purchase flights. Any other thing that you try to redeem, you will end up loosing value.
    For example: Let’s say I want to buy a flight in Expedia, and it costs $500. By redeeming my points it will cost me 50,000 ThankYouPoints.

  • Ben Butler

    CITI–EASY Deals are a **HUGE* waste of time, Completely Worthless.
    I have had AT&T Universal Citi cards for 15 years and have *NEVER* been able to use the points. the program is impossible to use and a ** COMPLETE waste of time **. They are infamous on the internet as an absolute joke. Its nearly impossible to use, you get logged out right away, winning takes an act of god, and you have to sit in front of the computer for hours. Who has time for this??? there are so many cards with excellent rewards why should anyone waste time on this horrible, impossible website??? My Cards are getting cancelled and believe me —-> their horrible website will be the one and only reason. they are only here to give the guise of a rewards program, but in fact it is really all fake. It is the worse website and the biggest waste of time I have every come across and I will make it my life’s work to post in every reddit channel, on twitter and on facebook about WHAT A WASTE CITI – EASY Deals are. EASY??? That’s a joke.

  • John Doe

    Email Transcript

    Send

    A Citi Customer Service Associate will be with you in approximately 1 seconds 0 minutes.

    More information is at your fingertips.

    For your protection, we’ll never ask you for passwords, PINs, User IDs, security words or any part of

    your Social Security number during a chat.

    You are now chatting with ‘Emily’.

    Emily: Welcome to ThankYou Rewards Live Chat. .We appreciate the opportunity to serve you. How may I

    help you?

    PATRICIA: Hi I place an order on july 30th it is still processing???

    PATRICIA: Best Buy® Gift Card $50 Status: In Progress Order ID: 108620550 Qty: 1 Order Total: 5,000 pts

    Emily: Hello Patricia, thank you for contacting me today about your order.

    PATRICIA: okay

    Emily: I apologize that it is taking so long, allow me a moment to check on that for you.

    PATRICIA: okay

    PATRICIA: 6 business days thats a little ridiculous!!!

    Emily: I understand the frustration and I apologize.

    Emily: We do advise that you allow 1-3 weeks to receive your gift card.

    PATRICIA: okay so when will i get confirmation that the order is being processed????????????

    Emily: The estimated ship date is the 8/28/2015. You should then receive it 10 days from that date.

    PATRICIA: I HAVE TO WAIT ANOTHER 32 DAYS ???????

    PATRICIA: THATS RIDICULOUS

    PATRICIA: THATS OVER 3 WEEKS TO RECEIVE !!!!!!!!!!!!!

    PATRICIA: I WANT COMPENSATION THAT I HAVE TO WAIT THIS LONG THAT IS TOTALLY NOT

    ACCEPTABLE

    Emily: Once the item ships you will receive an email as long the email address is on file.

    Emily: I apologize that you feel that way.

    PATRICIA: I WANT COMPENSATION THAT I HAVE TO WAIT THIS LONG THAT IS TOTALLY NOT

    ACCEPTABLE ‘

    PATRICIA: DONT APOLOGIZE BECAUSE ITS UNACCEPTABLE

    PATRICIA: ITS OVER 3 WEEKS

    Emily: The process may take the full 3 weeks due to vendor inventory or location.

    PATRICIA: NO ARE YOU PAYING ATTENTION OR NOT?????

    PATRICIA: ITS OVER 3 WEEKS CAN YOU ADD??????

    PATRICIA: I WANT COMPENSATION BECAUSE NOW I HAVE TO WAIT 6 WEEKS FOR A GIFT CARD

    Emily: I understand that you are angry, but there isn’t really anything that I can do.

    Emily: Everything takes time to ship.

    PATRICIA: OKAY NO PROBLEM I WILL JUST POST THIS CHAT ALL OVER THE INTERNET AND I AM

    ALSO GOING TO FORWARD THIS TO CORPORATE TOO.

    Emily: It is possible that the gift card will be shipped sooner.

    Emily: I am just not able to give you any guarantee that it will be.

    PATRICIA: NO PROBLEM AT ALL THANKS ILL TAKE CARE OF IT NO WORRIES DONT EVEN TALK TO

    YOUR MANAGER OR A HIGHER UP FOR COMPENSATION JUST MAKE YOUR CUSTOMER TOTALLY

    UNHAPPY

    PATRICIA: YOUR DOING A GREAT JOB ILL BE SURE TO MENTION IT ALL OVER THE INTERNET AND

    ALSO IN MY COMPLAINT LETTER/……..

    PATRICIA: WHAT YOU SHOULD BE SAYING IS HOW CAN I HELP YOU AND WHAT CAN YOU DO TO

    MAKE THE CUSTOMER HAPPY

    Emily: We do advise when you purchase the order that it can take 1-3 weeks to ship.

    PATRICIA: ARE YOU TOTALLY STUPID??

    PATRICIA: ITS OVER 3 WEEKS

    PATRICIA: CAN YOU ADD

    PATRICIA: ITS ALMOST 6 WEEKS

    PATRICIA: ARE YOU COMPETENT???

    Emily: Once the gift card ships we send you an email notification. Once the card is shipped please allow 10

    days to receive it.

    PATRICIA: AND YOUR REPEATING YOURSELF AGAIN BECAUSE YOUR STUPID

    PATRICIA: ITS 6 WEEKS DUMMY

    Emily: If after the card is shipped you do not receive it within those 10 days you may report the card is not

    received.

    PATRICIA: NOT 1-3 WEEKS

    PATRICIA: ITS 6 WEEKS

    PATRICIA: ITS 6 WEEKS

    PATRICIA: ITS 6 WEEKS

    PATRICIA: I WANT A MANAGER

    PATRICIA: YOUR INCOMPETENT

    PATRICIA: YOU DONT HAVE HALF A BRAIN IN YOUR HEAD

    Emily: It’s 3 weeks… plus 10 days.

    PATRICIA: SO ITS OVER 3 WEEKS RIGHT???????

    Emily: The card may ship before this date.

    PATRICIA: YOU SAID 1-3 WEEKS

    PATRICIA: SO I WANT COMPENSATION

    Emily: That is correct.

    PATRICIA: I WANT COMPENSATION FOR YOUR STUPIDITY