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If you’re thinking about hitting the road this holiday season, Citi’s new rewards redemption option might make your trip a little easier.
As part of the issuer's Shop with Points program, holders of qualifying Citi cards that earn ThankYou points will now be able to redeem those points toward gas at Shell, BP and Amoco stations. Eligible cards include the Citi Prestige® Card, Citi Premier® Card, and Citi Rewards+® Card, among others.
ThankYou points are worth 0.8 cents when redeemed this way. Cardholders can redeem them for up to 50 cents off per gallon, for up to 20 gallons, which can get you a maximum savings of $10.
That per-point value is higher than what you'd get if you redeemed ThankYou points for cash back (0.5 cent apiece), but it's generally a lower value compared with what you'd get if redeemed your points toward travel.
To redeem your ThankYou points at the pump:
Swipe your eligible Citi card at a participating gas station.
Select “yes” when prompted with an offer to redeem your points.
After pumping, you can check your receipt or go online to see how many points you’ve used.
As part of Citi’s Shop with Points program, ThankYou points can also be redeemed toward purchases made at Amazon and through PayPal.
All information about the Citi Prestige® Card has been collected independently by NerdWallet. The Citi Prestige® Card is no longer available through NerdWallet.