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ThankYou® Points are the rewards program Citi affiliated credit cards and services use to reward their customers. As a separate rewards system there can often be a lot of confusion as to how credit cards on the ThankYou® system compare to cards provided by other issuers. We take a look at the ways ThankYou® Points can be used to figure out how consumers should value the rewards they've earned with Citi credit cards.
What Are Citi ThankYou® Points Worth?
Citi ThankYou® Points can be redeemed in a number of ways and the dollar value of the points will vary depending on how you choose to use them. To figure out the value of the points we looked at the full range of redemption options for the awards to find out what they can be worth. Because of the high variability in their value, the actual rewards rate for credit cards using ThankYou® Points may not be as lucrative if you're not willing to use them for their best redemption options.
We estimate the average value of Citi ThankYou® Points at .8 cents per point.
|Example||Value Per Point|
|Cash Back||$50 Cash Back: 10,000 points||.5 cents|
|Gift Cards||$25 Best Buy Gift Card: 2,500 points||1 cent|
|Redeem For Flights||$450 fare: 45,000 points||1 cent|
|Shopping||$829 Apple iPad Mini: 100,000 points||.83 cents|
|Statement Credit||$10 Statement Credit: 2,000 points||.5 cents|
|Select And Credit||$150 Credit: 20,000 points||.75 cents|
|Amazon||$80 purchase: 10,000 points||0.8 cents|
What Is The Best Way To Use ThankYou® Points?
For most cards the best way to use ThankYou® Points is either by redeeming them for a flight or for gift cards at specific stores. Used in this way, you'll receive 1 cent per point which is the best conversion rate most Citi ThankYou® cardholders can expect. The other uses for points compare pretty poorly, with statement credit and cash back faring the worst giving only half as much value overall.
The Select And Credit Redemption Option
One unique feature of the Citi ThankYou® programs is the Select and Credit feature. Select and Credit works similar to statement credits except they apply only to specific categories: Dining, Entertainment, Utility Bills, Gas, Groceries, Drug Stores. Using the points this way bumps the statement credit value of points significantly netting you .75 cents per point, 50% more than the standard .5 cents.
Cards That Use ThankYou® Points
The following Citi cards use the ThankYou® Points rewards program. If you're interested in finding which Citi card is the best for you, refer to our analysis here.
|CitiBusiness ThankYou® Credit Card||Citi Prestige® Card|
|Citi Premier℠ Card||Citi Forward (discontinued)|