Credit cards that earn ThankYou points. Other ways to earn ThankYou points. The fine print. You can earn ThankYou points through an eligible banking relationship with Citi or by paying for purchases with an eligible Citi credit card.
Rewards can be accessed by logging into your Citi account or by visiting the ThankYou website. Generally, ThankYou points can be redeemed for:. Shopping at participating retailers. Payments toward a mortgage or student loan. In some cases, you may be able to redeem points toward eligible bill payments.
If you have an eligible Citi credit card, you can also transfer points to certain travel loyalty programs or share points with other ThankYou rewards members. The value of a Citi ThankYou point can vary greatly depending on how you redeem it — for travel, cash back or something else. There are two ways to use Citi ThankYou points for travel: redeeming points through Citi or via a qualifying airline program. When you book your travel through Citi and pay for your booking with points, ThankYou points are worth 1 cent apiece.
The exact value you get per point depends on what you do with it after you transfer, but NerdWallet estimates the overall transfer value at 1. Citi's transfer partners are almost all foreign carriers. JetBlue is the only domestic carrier on the list, although a few of the options are members of alliances that include U.
American Airlines temporary, until Nov. In general, the transfer ratio is , meaning for every ThankYou point you transfer, you get 1 point or mile in the partner program. However, JetBlue is a bit of an exception:. For other cards, the ratio is So 1, points translates into miles.
Redeeming for cash can cut the value of your rewards in half. For some cards, cash redeems at a rate of 0.
When you redeem for a credit on your statement, you may get the same weak value as with cash back — 0. Statement credits show up on your account within two billing cycles. Gift card redemptions typically start at 2, points. They generally redeem at a rate of 1 cent per point. Citi's ThankYou website has several brands and categories to choose from, including restaurants, department stores, travel and electronics, among others.
You can donate points starting at 2, to charities on Citi's ThankYou. You can redeem ThankYou points at participating online retailers, including Amazon.
Points can be used toward a purchase or for statement credit. Citi is an advertising partner. Select may receive an affiliate commission when you click on the links for products from our partners. This commission does not influence the opinions, recommendations, or placement of any products on our site.
In fact, between its partnerships with 17 airlines and providing a solid baseline value, ThankYou points are arguably some of the most valuable points around. You should be able to get a minimum of 1 cent per point in value from your Citi ThankYou points. However, with a little research, you can get significantly more than that through Citi's airline transfer partners.
Let's dig into all the ways you can get value from Citi ThankYou points. The quickest way to earn a ton of Citi ThankYou points is by opening up a Citi credit card and earning a welcome bonus and through everyday spend.
Here are the best cards to earn ThankYou points, along with their current welcome bonus':. Citi ThankYou points can be redeemed for cash back at a rate of up to 1 cent per point. You can redeem points for a statement credit, direct deposit or get a check in the mail. Plus, there's no limit to the number of cash redemptions you make.
Note that there are some ThankYou point-earning credit cards that don't allow for the 1 cent cash out option, but instead offer redemption rates at. That makes this redemption option particularly useful when you want to round off — or zero out — your ThankYou point balance after redeeming points through transfer partners. Note that this statement credit doesn't count as a credit card payment. You'll still need to make the minimum payment due on your account.
So, if you need to use your ThankYou points to help pay your credit card, you'll want to opt for the direct deposit or check by mail options. Like the statement credit option, you can redeem as few as 1 point to get a 1 cent direct deposit into a linked bank account. Don't cut it too close though, as the direct deposit may take 5 business days to reach your account.
But, you can select any amount above that. If your goal is to earn cash back, you may not want to use a ThankYou points-earning credit card. You can also transfer cash back earned from a Citi Double Cash into ThankYou points if you also hold a Citi Premier or Citi Prestige card — therefore being able to then transfer to airline partners. Citi cardholders can redeem points for gift cards at a rate of 1 cent per point.
Citi offers cardholders the ability to redeem points for over brands — from Albertsons to Zeel Massage. However, unlike cash back rewards, you're limited to buying gift cards in certain increments.
The gift card increments depend on the merchant:. Gift card rewards don't provide any additional value than cash rewards. Both provide exactly one cent per point in value.
Transferring to a travel partner tends to be one of the best ways to eke more value out of rewards. For instance, the newly added hotel transfer partner, Choice Privileges, offers a transfer ratio. As a new member, you may be offered a lucrative welcome bonus, provided you meet a minimum spending requirement.
To ensure you qualify for these additional points, you could time your card application with an upcoming big purchase. Those serious about accelerating their ThankYou points balance may wish to open a qualifying Citi checking account and use it for direct debits and bill payments.
Personal banking relationship rewards could earn you as much as 1, points per month. Not all Citi credit cards will give you access to the rewards program. Below are our top picks for consumer cards for earning ThankYou points.
Note that some Citi business credit cards will earn ThankYou points too. The Citi Prestige Card is ideal if your life or work features regular spending on travel, dining or entertainment. It offers 5X points on flights and restaurants, 3X points on hotels and cruises and 1X point on everything else. This hotel credit alone is enough to offset the annual fee entirely. Additionally, Citi will give you 10 percent points back for the first , ThankYou points you redeem each year.
Even though the new Citi Custom Cash Card is marketed as a cash back card, it earns ThankYou Points, which you can redeem as a direct deposit, check or statement credit or for gift cards or travel through the Citi travel portal. However, you can also pool them with points you earn with your other Citi cards, meaning you can use the Citi Premier or Prestige to transfer them to partner Citi travel programs for a potentially higher value.
All other purchases earn 1 percent cash back. Such an earning system makes this card a solid choice if you want a low-maintenance credit card that can offer high value in a certain spending category. The eligible categories include restaurants, grocery stores, gas stations, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs and live entertainment. But we mention it briefly here because you can earn ThankYou points with it.
There are no rewards categories or spending caps to worry about. The best bit? There is also a live chat function accessible from the rewards website. Redemption options are plentiful. With your points, you can cover travel purchases like flights, hotels and car rentals, transfer them to a travel or retail partner, exchange them for gift cards, pay for purchases through select retailers, receive them as cash back, make charitable donations or even share them with another person with a ThankYou account.
Note that you can only transfer points to most airline or hotel partners if you have a Citi Premier or Citi Prestige card. However, points that have been shared do expire after 90 days. Additionally, points that you have purchased have an expiry—one year from the end of the year in which they were purchased.
If all this sounds complicated, rest assured you can easily check the expiration status of your points online through the ThankYou Rewards portal. While transfers happen instantly with other major rewards programs, keep in mind that it could take a few days with ThankYou Rewards. Once transferred, you can use them to book award airfare or hotel accommodations.
The best value award fares are often for international flights or business and first-class seats. By doing this, all your ThankYou points become eligible for points transfer and therefore give you better value. You can even do this with the Citi Double Cash Card by converting your cash back into ThankYou points to maximize your rewards benefits.
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