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How much is 50K Citi thank you points worth as statement credit?

Valued Contributor

Re: How much is 50K Citi thank you points worth as statement credit?

statement credits will eat all your points to nothing, specially if you want a statement credit with amex.


Message 11 of 17
Established Member

Re: How much is 50K Citi thank you points worth as statement credit?


longtimelurker wrote:

bradlin wrote:

I have Citiassist loans and I didn't know you can redeem points towards the loan.


You have to call and ask for a student loan redemption.   You do it in 2,500 = $25 increments.   They send YOU then check, made out to  the instituion you name, and it is your responsiblity to send it in as partial payment (or extra payment or whatever)


According to the ThankYou points site, it is 3300 = $25 now.

Message 12 of 17
Super Contributor

Re: How much is 50K Citi thank you points worth as statement credit?


Ermentrude wrote:

longtimelurker wrote:

bradlin wrote:

I have Citiassist loans and I didn't know you can redeem points towards the loan.


You have to call and ask for a student loan redemption.   You do it in 2,500 = $25 increments.   They send YOU then check, made out to  the instituion you name, and it is your responsiblity to send it in as partial payment (or extra payment or whatever)


According to the ThankYou points site, it is 3300 = $25 now.


Interesting.  For me it still shows 2,500 for $25.   What is the rate for $100?   For gift cards, $100 used to be 1:1 when lower denomiations weren't

Message 13 of 17
Super Contributor

Re: How much is 50K Citi thank you points worth as statement credit?


Ermentrude wrote:

longtimelurker wrote:

bradlin wrote:

I have Citiassist loans and I didn't know you can redeem points towards the loan.


You have to call and ask for a student loan redemption.   You do it in 2,500 = $25 increments.   They send YOU then check, made out to  the instituion you name, and it is your responsiblity to send it in as partial payment (or extra payment or whatever)


According to the ThankYou points site, it is 3300 = $25 now.


Just checked mine, and it still lists redemptions at 1:1, 2,500 = $25.  

Message 14 of 17
Established Contributor

Re: How much is 50K Citi thank you points worth as statement credit?

How does the student loan redemption work if someone tried it? Any step by steps?

No late payments, have over $150K credit lines from all major banks discussed here, 777 FICO scores, and inquiries dropping like flies. Doing better than most here. LOLOL Goal: 850 FICO across board. Heh. Smiley Happy
Message 15 of 17
Super Contributor

Re: How much is 50K Citi thank you points worth as statement credit?

I haven'tt done student loans but did the mortgage one several times and I assume the process is the same.  You call, tell them the lender and the amount you want to redeem, and they send you a check made out to that lender.   You then send it in to your lender.

 

There doesn't seem to be any verification needed.

Message 16 of 17
Established Member

Re: How much is 50K Citi thank you points worth as statement credit?

Don't redeem it that way.  There are so many options with points.  For example, you can transfer the 50k points to Singapore Airlines' frequent flyer program and you would be just 17.5k points short of a one way ticket from JFK to Frankfurt, Germany in their Suite class which is about $9000 one way.  Check it out.

 

http://dereklow.co/what-its-like-to-fly-the-23000-singapore-airlines-suites-class/




I'm in it for thee points. If I wanted to play in a garden I'd go to my grandma's house.
Message 17 of 17