Redeeming ThankYou ® Points for Flights You will only receive 25 % greater value versus gift cards on all airfare redemptions with your ThankYou ® points.
You only earn miles when
redeeming ThankYou Points like cash toward paid flights.
Stick to
redeeming your ThankYou points for travel — the rewards value is higher, and you get a 30 percent bonus on your points when you redeem them for travel rewards through Citi's travel portal.
Citi gives you plenty of other choices for
redeeming ThankYou points — including gift cards, merchandise and cash back — but most of these are a poor value, worth less than 1 cent per point.
But the 1.6 cents per point you can get for
redeeming ThankYou points directly on American and US Airways fares while holding the Prestige is a truly excellent value.
If you're considering the Citi AT&T Access card for the purpose of
redeeming ThankYou points for travel, another alternative may be the Discover it Cash Back Match card that doubles all of your cash back at the end of your first year of having the card.
One of the few perks we regularly used — getting 1.6 cents per point in value when
redeeming ThankYou Rewards for travel on American Airlines — is being eliminated entirely.
Redeeming ThankYou points can make sense in cases like this.
Sometimes Citi offers 10 % -20 % off gift cards (and / or gas cards) when
redeeming Thankyou Points, making points» value 1.11 — 1.25 cents / point.
The Citi ThankYou ® Preferred Card provides several opportunities for
redeeming your ThankYou points.
Around the same time Citibank was adding transfer partners, they also quietly added another method of
redeeming ThankYou points.
Two popular options for
redeeming ThankYou Points are for cash and travel rewards.
And, of course, you can
redeem your ThankYou ® points for airfare and hotels stays at ThankYou ® Travel Center.
It has the potential for one of the highest rewards rates out of the top - tier travel credit cards, but users must
redeem their ThankYou ® Points through the ThankYou ® Travel Center and give up some flexibility to get the best value.
To
redeem ThankYou ® on travel or the above mentioned methods, you must login to your account by going to the Citi ThankYou ® website, or by calling 1-800-842-6596.
In order to get the best value out of this card, you must be willing to
redeem your ThankYou points on travel or gift cards.
It is possible to
redeem ThankYou points as cash back in the form of credits applied to your statement, but as with gift cards, this won't yield the most value.
If you like to redeem rewards as cash, you can
redeem Thankyou points for cash in $ 50 or $ 100 denominations.
Redeem ThankYou ® Points for rental certificates for Avis or SIXT starting at 2,500 points ($ 25), up to 10,000 points ($ 100).
Of course, if you prefer one of these redemption options to the higher value rewards, feel free to
redeem your ThankYou ® Points here.
It has the potential for one of the highest rewards rates out of the top - tier travel credit cards, but users must
redeem their ThankYou... Read More
Keep in mind that you can
redeem ThankYou points toward other hotel or airfare redemptions at a rate of 1.25 cents each.
With the Citi card, you can
redeem your ThankYou points toward travel through the online travel portal at a rate of 1.25 cents per point, or you can transfer to one of their 15 airline partners.
It's really pretty easy to
redeem these ThankYou Points.
This program isn't as well known as the other transferable points programs but you can
redeem ThankYou Points for some awesome travel experiences.
Redeem ThankYou Points for almost anything, from a large selection of gift cards including dining, entertainment and retail — to an amazing selection of valuable rewards such as electronics, travel rewards, home goods, books and media, charitable donations or even cash.
It is possible to
redeem ThankYou points as cash back in the form of credits applied to your statement, but as with gift cards, this won't yield the most value.
The Citi ThankYou Points program isn't as well - known as the others, but you can
redeem ThankYou Points for some great award flights.
Keep in mind that you can
redeem ThankYou points toward other hotel or airfare redemptions at a rate of 1.25 cents each.
If you'll recall, Citibank currently has a similar benefit on the Citi Prestige — if you have a Prestige and
redeem ThankYou points on American Airlines, you get an even better 1.6 cents per point.
Tip # 4:
Redeem ThankYou Points for merchandise and gift cards from top retailers.
Currently you can book flights through Citi's travel portal and
redeem your ThankYou points for 1.6 cents each if flying on American or 1.33 cents when flying on other airlines.
As with Membership Rewards, this is not an ideal way to use your points as there are a bunch of other great ways to
redeem ThankYou Points for flights.
You'll be able to
redeem your ThankYou Rewards points directly for a cash statement credit at a rate of 1 cent per point.
Redeem your ThankYou Points for just about anything, like gift cards, top — brand merchandise, travel rewards and tickets to great concerts.
As of July 23, 2017, when
you redeem ThankYou Points through the Travel Center each point will be worth 1.25 cents.
This program isn't as well known as the other transferable points programs but you can
redeem ThankYou Points for some awesome travel experiences.
The most valuable way to
redeem your ThankYou Points is through travel rewards.
The Citi Forward card — which is being marketed as «the card that rewards you for good behavior» — is offering cardholders the opportunity to
redeem ThankYou points for student loan rebates, charitable donations and statement credits.
Before, you could
redeem Thankyou Points for American Airlines flights at a rate of 1.6 cents per point, making it a great option for those who were trying to obtain status status on American since they earned elite qualifying credits.
If you're not an American Airlines flyer you can still
redeem your ThankYou points for flights on other airlines at a rate of 1.3 c / point.
Citi will give you 60 days to
redeem your ThankYou points after closing the credit card.
This means, you will receive 1099 - MISC, when
you redeem ThankYou points (earned from banking relationship) for rewards greater than $ 600 in value in a calendar year.
The value of the rewards from
redeemed ThankYou Points may be reported to the IRS as miscellaneous income on Form 1099 - MISC in the year received, if the value of the award plus other taxable miscellaneous income awards received from Citibank, N.A., is in the aggregate $ 600 or greater for a calendar year, as required by applicable law.
Redeeming Rewards Citi also gives you lots of options to
redeem your ThankYou Points through the card's online shopping portal.
The best way to
redeem ThankYou points earned with the Citi ThankYou Preferred card is by purchasing gift cards at certain stores for one cent per point.
It is not wise to
redeem ThankYou points for cash back or statement credit because each point only redeems for 0.5 cents.
That means that you'll be able to
redeem ThankYou Points at only 0.8 cents per point.
You can also
redeem ThankYou Points for flights booked through the Citi Travel Center but be aware that this is not the best way to redeem those hard - earned points.
Without a transfer bonus, there are better ways to
redeem your ThankYou Points but they're great to have if you really need them.