HomeFinanceCiti ThankYou Points Value: What They're Worth

Citi ThankYou Points Value: What They’re Worth

Deciding to spend or earn Citi ThankYou factors typically hinges on one query: How a lot are they value? You do not wish to spend them for lower than they’re value or attempt to earn extra if they don’t seem to be value sufficient.

According to our data-driven evaluation, the worth of Citi ThankYou factors is between 1 cent (when reserving journey immediately) and 1.5 cents (when transferred to companions).

Why the unfold? The decrease worth displays a “baseline” determine you’ll be able to count on when utilizing ThankYou factors in a fashion with the least quantity of problem concerned. The greater worth of 1.5 cents per level displays how a lot worth you could possibly squeeze from them with a bit of extra know-how and energy.

Essentially, there are two separate methods to make use of Citi factors, they usually every carry their worth (and tradeoffs).

The worth when reserving by means of the Citi ThankYou journey portal

There’s nothing to research right here: When reserving by means of the issuer’s journey portal, known as the Citi ThankYou Rewards Travel Center, ThankYou factors are value precisely 1 cent apiece. So in case you e book a $500 flight and “pay” along with your factors, it’s going to price 50,000 ThankYou factors.

This worth does not have any wiggle room. You cannot squeeze extra worth out of your factors by looking out extra or reserving with specific airways. A degree is simply value a cent by means of the portal, regardless of the way you redeem it.

The tradeoff right here is comfort. Of course, one cent is not one of the best worth you will get from ThankYou factors (see under), however reserving by means of the portal is way simpler than transferring factors to companions and reserving award journey.

In reality, if studying the earlier sentence felt such as you had been studying a international language, bear in mind, you’ll be able to at all times maintain issues easy and e book immediately with the airline.

The worth when transferring to companions

Now we’re entering into the true nerdery. To get greater worth out of your Citi ThankYou factors, you’ll be able to switch them to considered one of many lodge and airline companions, then e book journey by means of them.

Again, the tradeoff is comfort — this time within the different route. Transferring and reserving with companions is a multiple-step course of that requires endurance and understanding.

According to our evaluation, listed here are a number of the finest switch companions, together with their worth.

Keep in thoughts that in contrast to the baseline worth for utilizing ThankYou factors immediately, these switch associate values are estimates primarily based on knowledge from lots of of flights. So any given redemption might supply kind of value than our valuation.

What does this imply for transferring ThankYou factors? First, earlier than transferring your factors, it’s best to rigorously analysis and examine which flights you propose to take and which switch associate helps them. Next, examine the money value to the fee utilizing factors or miles to make sure it is a good redemption. Then test whether or not award fares can be found and, lastly, switch factors.

The Citi ThankYou factors worth on Amazon

You can use your Citi factors as a substitute of money to make purchases on Amazon. Although the worth per level is just not listed on the Citi or Amazon websites (and may subsequently change at any time), the present redemption worth is 0.8 cents per level.

This is a awful redemption for 2 causes:

  • The worth per level is way lower than even the decrease finish of utilizing factors to e book journey.

  • You will not earn factors on the acquisition. That is, in case you paid with one other card reasonably than factors, you’d really earn extra factors.

All in all, we discourage utilizing Amazon to redeem Citi ThankYou factors until you are attempting to filter just a few remaining factors out of your steadiness.

Citi ThankYou factors calculator

Use our Citi ThankYou factors calculator under to find out the worth of your stash of factors, primarily based on each the baseline and NerdWallet estimated values.

How a lot are your Citi ThankYou factors value? This calculator can convert any variety of factors into an equal money worth, permitting you to determine what they’re actually value.

Cards that earn Citi ThankYou factors

Citi provides a number of merchandise that earn the ThankYou rewards forex. Here are a few of its most distinguished:

Citi Rewards+® Card
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  • 2 ThankYou factors per $1 spent at supermarkets and gasoline stations (on as much as $6,000 in purchases per 12 months).

  • 1 ThankYou level per $1 spent on all different purchases.

  • Rewards are rounded as much as the closest 10 factors on each buy.

  • Get 10% factors again for the primary 100,000 factors you redeem per 12 months.

Sign-up bonus: Earn 20,000 bonus factors after you spend $1,500 in purchases along with your card inside 3 months of account opening; redeemable for $200 in present playing cards at thankyou.com. For a restricted time, earn 5 ThankYou® Points per $1 spent on air journey and motels as much as $6,000 within the first 12 months after which 1 ThankYou® Points per $1 spent thereafter.

Citi Custom Cash℠ Card
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  • Earn 5% money again (within the type of ThankYou® Points) on purchases in your high eligible spend class every billing cycle, on as much as $500; earn 1% again on all different purchases.

  • Eligible classes embody eating places, gasoline stations, grocery shops, choose journey, choose transit, choose streaming providers, drugstores, residence enchancment shops, health golf equipment and dwell leisure.

  • 0% intro APR on Purchases and Balance Transfers for 15 months, after which the continuing APR of 13.99%-23.99% Variable APR.

Sign-up bonus: Earn $200 in money again after you spend $750 on purchases within the first 3 months of account opening. This bonus supply might be fulfilled as 20,000 ThankYou® Points, which might be redeemed for $200 money again.

  • 2 ThankYou factors per $1 spent at supermarkets and gasoline stations (on as much as $6,000 in purchases per 12 months).

  • 1 ThankYou level per $1 spent on all different purchases.

  • Rewards are rounded as much as the closest 10 factors on each buy.

  • Get 10% factors again for the primary 100,000 factors you redeem per 12 months.

Sign-up bonus: Earn 2,500 bonus factors after you spend $500 in purchases along with your card inside 3 months of account opening; redeemable for a $25 present card at thankyou.com.

Citibank ThankYou Premier Credit Card
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  • 3 ThankYou factors per $1 spent on eating places, supermarkets, air journey, motels and gasoline stations.

  • 1 ThankYou level per $1 spent on all different purchases.

  • $100 annual lodge financial savings on a single lodge keep of $500 or extra bought by means of thankyou.com.

Sign-up bonus: Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases inside the first 3 months of account opening.

  • 5 ThankYou factors per greenback spent on eating out and air journey purchases.

  • 3 ThankYou factors per greenback spent on cruise strains and lodge purchases.

  • 1 ThankYou level per greenback on all different purchases.

Sign-up bonus: Earn 50,000 bonus factors after spending $4,000 in purchases inside the first 3 months of account opening*

How did we decide the worth of Citi ThankYou factors?

For our NerdWallet estimate of 1.5 cents per ThankYou level, we factored in a number of variables:

  1. The worth of those factors when used to e book journey immediately with the bank card’s journey portal.

  2. The worth of the airline and lodge factors to which these factors might be transferred, when relevant (primarily based on the separate analyses above).

  3. The variety of top-tier journey switch companions, as decided by our knowledgeable panel.

The total worth is decided as a weighted common between (1) and (2), with the burden decided by (3). The program with the biggest variety of high-value companions receives a 100% weight on (2), and a program with zero high-value companions receives a 50% weight on (2).

The data associated to the Citi Prestige® Card and the Citi Rewards+℠ Student Card has been collected by NerdWallet and has not been reviewed or supplied by the issuer or supplier of this services or products.

How to maximise your rewards

You desire a journey bank card that prioritizes what’s vital to you. Here are our picks for the finest journey bank cards of 2022, together with these finest for:

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