It potentially gets even better than that, as the no annual fee Citi Rewards+℠ Card (review): Having the Citi Double Cash and Citi Rewards+ can potentially improve your rewards even more. Why is this even worth considering? Has anyone used the trick of redeeming for gift cards through Sears Shop Your Way, rather than through Citi ThankYou directly? Consumer Credit Card Debt Now Lowest in Three Years, Chase Unveils Q1 2021 Freedom 5% Cash Back Categories, Federal Reserve Keeps Low Interest Rates for Now. The 32 Best Ways to Use Your Citi ThankYou Points. Citi ThankYou Points can be redeemed for cash back, statement credit, and select & credit. Citi ThankYou Points can be redeemed for gift cards. Earn 150,000 Hilton Honors Bonus Points | Terms Apply. While I’d personally prefer to transfer those rewards to an airline, alternatively you could transfer them to Sears Shop Your Way, and then you could get the equivalent of 2.4% back in the form of gift cards. Further, BestCards.com lists credit card offers that are updated regularly with information believed to be accurate to the best of our knowledge. If you hold multiple Citi cards, the points will be pooled into one account, so there really shouldn’t be too much of a reason for you to want to combine two Citi ThankYou accounts. Citi has been sending out emails with an offer of $50 Home Depot Gift Cards at a discount. I’m not affiliated with them but I read the frequent miler blog and those guys do some really amazing work on stuff like this. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances. What about TY points earned from bank accounts? This isn’t how I would redeem my Citi ThankYou points, convert the rewards on this card into ThankYou points, I value Citi ThankYou points at ~1.7 cents each, Cool: Airbaltic’s CEO Becomes A220 Captain, Emirates Doesn’t Have Many A380 Pilots Left, How The Benefits On The IHG Premier Card Work, Register Now: Chase Freedom Flex 5x Points Categories Q1 2021, Capital One Venture Card Review (60K Bonus Venture Miles), Hyatt Credit Card Elite Nights: Complete Guide, Best-Ever Chase Ink Cash & Ink Unlimited Bonus: 75K Points Or $750, Hilton Honors American Express Aspire Card, The Business Platinum Card® from American Express, American Airlines Headquarters Is AvGeek Heaven, Dr. Dao, Famous For Being Dragged Off A Plane, Is Publishing A Book, Full Details: JetBlue’s Miami (MIA) Expansion. The avid traveler; The gift card connoisseur; The online shopper; And more Currently, only four cards earn points through the program: If you hold one of these cards, check your associated email to see if your card is eligible for the 20% discount offer. Otherwise, the Citi ThankYou points earned solely via the Citi Rewards+ Card are worth a flat one cent each when redeemed for travel through the Citi portal, gift cards, statement credits and more. Flight Attendants In China Told To Wear Diapers, Alaska Mileage Plan Changes How Status Is Earned, Cathay Pacific’s A321neo Business Class Revealed, Thai Airways Selling Boeing 747, Airbus A380 Fleet, Best Airline Credit Cards for Miles & Points, Citi ThankYou points are usually best transferred to airlines, Convert Citi ThankYou points into Sears Shop Your Way Points. Here’s how to go about doing this deal: (Link your Citi ThankYou account to your Amazon account if you haven’t already; note, you often have to wait 24 hours after registering your card until you … Note: Please see my Advertiser Disclosure. About BenBen Schlappig (aka Lucky) is a travel consultant, blogger, and avid points collector. Earn 2x ThankYou points on supermarket purchases (up to $6,000 per year in combined gas station and supermarket purchases, then 1 point per dollar) with the Citi Rewards+ Card. In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. ThankYou Points were designed to provide incredible benefits to eligible cardmembers, which is why the points can be redeemed in a variety of ways ‐ including gift cards and travel rewards ‐ offering something for everyone, including:. For example, a $25 gift card normally costs 2,500 TYPs (1.0 cents per point), but during this promo, you will only need to … Shop Your Way has added a lot of new retailer gift cards you can redeem your points for, greatly expanding the selection, The biggest challenge previously was that you could buy most gift cards in increments of at most $100 (and typically much less than that); now you can choose your gift card account with many retailers, and even buy a gift card worth hundreds of dollars, Offers 2x ThankYou points at supermarkets and gas stations, for the first $6,000 spent per calendar year, Rounds up purchases to the nearest 10 ThankYou points, Gets 10% of points back for the first 100,000 ThankYou points you redeem each year, You could then convert that cash back into 10,000 ThankYou points, You could then convert the 10,000 ThankYou points into 120,000 Shop Your Way points, You could then redeem the 120,000 Shop Your Way points for $120 in gift cards, You’d then get 10% of the redeemed ThankYou points refunded due to having the, In other words, in the end you spent 9,000 ThankYou points for $120 in gift cards, which is 1.33 cents of value per ThankYou point, Looking at it a different way, you could get ~2.67% back in the form of gift cards when spending on the Citi Double Cash, assuming you also have the Citi Rewards+, This could be a great option for someone using the, This could be useful for someone looking to close down a Citi ThankYou card, who needs to cash out points, but doesn’t have any other ideas for how to do so, Given that fewer people are traveling right now, many people are just looking to use their points to cover everyday expenses. This compensation may impact how and where products appear on this website – including, for example, the order in which they appear. Citi is not responsible for the products, services or facilities provided and/or owned by other companies. Fortunately there’s a way to receive least 20% more value than that when redeeming for gift cards. The Citi Rewards+ SM Card offers 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com. Not that interesting. Earning Citi ThankYou Points for Your Amazon Purchases Makes Sense, But Spending Them at Amazon Doesn’t. Redeeming reward points for gift cards typically offers lower value-for-money than other award options, such as travel. Citi ThankYou points offer flexibility to redeem for cash back, gift cards and more. “Generally speaking a $1 gift card requires 100 Shop Your Way points.”. There can be value in transferring Citi ThankYou points to Sears Shop Your Way points for the purposes of gift card redemptions. Plus, with certain cards you’ll have the ability to transfer points to airline partners like Avianca LifeMiles, Singapore Airlines KrisFlyer and Etihad Guest. This new, one-day valuation means that a $125 gift card will be available for what would typically cost $100 in points. Earn 60,000 bonus points | 2X points on travel and dining. Further, BestCards.com does not represent the companies that are mentioned on this website. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. But to get the maximum value from your Citi ThankYou Points, you should transfer your points to frequent flyer programs. Citibank is the fourth-largest bank in the U.S. by total assets – and the third-largest issuer of credit cards. Lets say you have both of these cards: Personally this still isn’t how I would choose to redeem my Citi ThankYou points. The additional 20% one-day offer from Citi, however, increases that value to approximately 1.25 cents-per-point. Citi ThankYou® Points can expire, but the conditions of when they expire vary from card to card and are detailed in the card agreements or promotional materials for each card. Please check out. Next to booking travel, this is another good use of Citi ThankYou Points since you get the full value of each point. To me that means the card earns 2x ThankYou points per dollar spent (after paying the bill), which is awesome. I value Citi ThankYou points at ~1.7 cents each, so getting ~1.2-1.33 cents per point doesn’t quite get me the value I’m looking for. 6,000 per year ) cards ; and more have been added, and website in browser. Flexibility that they offer potential airline bankruptcy Citi ThankYou directly are from companies from which receives! 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