Guide: Citi ThankYou Rewards Points
In our last guide we explored Chase’s Ultimate Rewards program. In this guide we will look at another flexible points program: Citi ThankYou Rewards.ThankYou Points are the form of rewards earned by using specific Citi credit cards. ThankYou Rewards points are very valuable because they are extremely flexible and can be redeemed in a ton ways. Citi also has a decent selection of travel partners to which you can transfer your points to. More options means more value.
The Citi ThankYou Rewards program is home to some of the most popular travel rewards cards on the market including the ThankYou Premier and the Prestige Card. Each of these credit cards earns ThankYou Points in lieu of other rewards like cashback or miles.
Value of Citi ThankYou Rewards Points
The value of ThankYou Rewards varies based on your chosen redemption method. There are several ways to redeem rewards points so your personal valuation will depend on your preferred method of redemption. Of course your objective should be to get the greatest value out of your points, but it really depends on what makes sense for you. The goal of this guide is to give you all the information you need to understand the ins and outs of this lucrative program and figure out the best options for yourself.
The absolute minimum value you should get for TY points is .01 cent each since you can redeem them at 1 cent each with many gift cards (though there are much better uses.)
ThankYou Rewards Program Rules
Combine Points Between Accounts
You can combine all of your ThankYou points into one account. This allows you to make the most of your benefits from each card. For example, you can earn points on your Premier card and use them to pay for a discounted hotel booking with your Prestige 4th night free benefit.
Transfer or Share Points
Points can be transferred to other ThankYou Members at no fee. There is a 100,000 point limit per year. You can also only recevive a max of 100k ThankYou Points each year. Shared points expire 90 days after they are received.
ThankYou Points Purchases
You can buy a maximum of 100,000 ThankYou points per year for 2.5 cents each. You will earn points on the purchase as you would any other. Points must be purchased in increments of 1,000.
Citi ThankYou Credit Cards
- ThankYou Preferred
- ThankYou Premier: Card Review
- Citi ThankYou Preferred for Students
- AT&T Access Card From Citi
Ways to Earn Thank You Points
- Sign-Up Bonuses
- Credit Card Spend
- Banking Activity
The best way to earn a big chunk of Thank You points is through sign-up bonuses. Citi has more lenient standards than Amex and Chase when it comes to sign up bonuses. You can earn a bonus on a ThankYou Card once every 24 months. There are times when Citi drops the sign-up bonus on certain cards like the Premier but it has bought them back. Citi recently brought back the 50k bonus on the Premier card. Either way, best offers and analysis are always covered at Miles to Memories.
Credit Card Bonus Categories
- Prestige: 3x Travel, 2x Dining and Entertainment, 1x Everything Else
- Premier: 3x Travel and Gas, 2x Dining and Entertainment, 1x Everything Else
- Preferred: 2x Dining and Entertainment
- AT&T: 2x online at retail and travel websites and AT&T
You can also earn ThankYou points through your banking relationship with Citi. Points are earned for having a combination of products and for completing bill pay and/or having a direct deposit. You can also get points for loans, investing and mortgages. Click here for details and a table of earning opportunities and values.
Ways to Redeem ThankYou Points
Transfer to Travel Partners
One of the best ways to maximize the value of ThankYou Points is to transfer them to Citi’s Travel Partners to book award tickets. You are eligible to transfer points if you are a ThankYou Premier or Citi Prestige cardmember. Citi regularly offers bonuses on transfers, (like this one to Jetblue). Transferring during bonus periods is the best way to get maximum value. For this reason, you shouldn’t speculatively transfer your points until you either have a specific redemption in mind or there is a bonus.
- Avianca Lifemiles (1:1)
- Air France / KLM Flying Blue (1:1)
- Cathay Pacific (1:1)
- Etihad Airways (1:1)
- EVA Air (1:1)
- Garuda Indonesia (1:1)
- Jet Airways (1:1)
- JetBlue Airways (1:.8)
- Malaysia Airlines (1:1)
- Qantas Airways (1:1)
- Qatar Airways (1:1)
- Singapore Airlines (1:1)
- Thai Airways (1:1)
- Turkish Airlines (1:1)
- Virgin Atlantic (1:1)
Book Through Travel Portal
The Citi ThankYou travel portal is similar to other online travel booking sites, especially the Chase Ultimate Rewards and Amex Travel portals. The amount your ThankYou points are worth when booking travel depends on which cards you have. If you only have the no-fee versions your points are worth a flat .01 cent each towards your booking. However, if you have either the Citi ThankYou Premier or Prestige, you can redeem them for a value of 1.25 cents each through the portal.
If you have a Prestige Card as well as a Premier Card, you can do even better! You can pool your ThankYou Points and redeem them in conjunction with the Prestige’s 4th night free perk for a redemption value over 1.6 cents a point! That’s a great value.
Redeem for Gift Cards
The Citi ThankYou portal has a wode variety of gift cards available from popular retailers. ThankYou points can generally be redeemed for gift cards at 1 cent each.
Merchandise, Shop With Points, Statement Credit
These methods are not recommended because they all result in you receiveing less than a cent for your ThankYou Points.
ThankYou points may not be as valuable as American Express Membership Rewards or Chase Ultimate Rewards but they still hold great value. You can earn points on a variety of different cards in excellent categories and use those points in a variety of different ways. Instead of earning points one way on one card, you can earn them many ways across many cards.
In the near future we will create supplementary guides and informational materials to elaborate on the Ultimate Rewards’ Program and it’s benefits. Please let us know if there is anything in particular you would like to see or any questions you may have.