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Thank you points conversion rate?

New Contributor

Thank you points conversion rate?

I knew that Citi thank you points conversion rate to cash or statement credit is at only 50%. For getting $50 cash, you would need 10,000 points

 

However, when I wanted to convert thank you points to gift cards, I found 6000 points = $50 gift card or 83% only.

 

Is this always the case or is it reduced?

 

May be I had incorrect impression that 5000 points will get $50 gift card of my choice.

 

 

Message 1 of 6
5 REPLIES
Regular Contributor

Re: Thank you points conversion rate?

Here is quick rundown:

Forward- Less than 1:1, except for travel booked through their website and student loan and mortgage rebates
TY/TYP- 1:1 on gift cards, merchandise, etc. (unsure about statement credits/cash)
Premier/Prestige- 1:1 on everything (still unclear about statement credits), 1:1.25 for travel booked through their website

If you have the Forward and another card with TY points, then points on the Forward are upgraded to that level, a la Chase Freedom + CSP.

 

Can anyone confirm that TY/TYP points convert 1:1 for statement credits/cash refunds?

EX: 758 (10/12), TU: ???, EQ: ???

BankAmericard Travel Rewards // Citi Forward // Amex Blue Cash Preferred // Gap Visa
Message 2 of 6
Senior Contributor

Re: Thank you points conversion rate?

 I thought when you added TY Premier that your points redeemed at 1.33 cents for travel.


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Message 3 of 6
Regular Contributor

Re: Thank you points conversion rate?


Walt_K wrote:

 I thought when you added TY Premier that your points redeemed at 1.33 cents for travel.


I believe when purchasing a ticket it's 1.25 and when redeeming TY points for travel it's 1.33.

EX: 758 (10/12), TU: ???, EQ: ???

BankAmericard Travel Rewards // Citi Forward // Amex Blue Cash Preferred // Gap Visa
Message 4 of 6
Valued Contributor

Re: Thank you points conversion rate?

Even with the lower tier TY cards (e.g. Forward) you can still get 1:1 on some of the $100 gift card redemptions, such as Macy's.

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Message 5 of 6
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Established Contributor

Re: Thank you points conversion rate?


bribro wrote:

Even with the lower tier TY cards (e.g. Forward) you can still get 1:1 on some of the $100 gift card redemptions, such as Macy's.


+1.  I redeem for gift cards that give me the 100 bucks for 10k points.

 

 

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 6 of 6