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INSIDER SECRET: Citi ThankYou points can be an excellent way to save on last-minute fares. I’ll show you what I mean!
Citi ThankYou points are super flexible, so they offer plenty of opportunities for great travel and rewards. Like many other reward programs, you can redeem Citi ThankYou points in different ways, including transferring to travel partners like JetBlue and Singapore Airlines, booking paid travel through the Citi Travel Portal, or for cash back and gift cards.
You can earn Citi ThankYou points from cards like the Citi Premier℠ Card, which currently comes with an unusually high 60,000 Citi ThankYou points after spending $4,000 on purchases in the first 3 months of account opening. Several of us on the MMS team have this card and use it frequently because it earns 3X Citi ThankYou points on travel including gas.
How much are Citi points worth? In general, you’ll get a value of between 0.5 and ~6 cents per Citi ThankYou point. But it depends on how you redeem them!
Here’s what you need to know about how much Citi ThankYou points are worth.
Citi ThankYou Points Value
What Value Can You Get When You Redeem Citi ThankYou Points for Cash Back?
Quick Answer: 0.5 cents each for statement credit or 1 cent each for gift cards
The easiest (but least valuable) way to redeem your Citi ThankYou points is for cash back. You can redeem your points for statement credit at a value of 0.5 cents per point. So 10,000 ThankYou points is worth $50 of statement credit. You can also choose to use points for a charitable donation at the same value. Both of these have a $50 (10,000 ThankYou points) minimum redemption requirement.
Gift cards have a higher value of 1 cent per point. This means that you can redeem 10,000 ThankYou points for $100 worth of gift cards. There is a $25 (2,500 ThankYou points) minimum redemption.
This is not the best way to use Citi ThankYou points because you can typically squeeze more value from them redeeming them for travel. If you’re looking for a cash back card to use frequently, check out our guide to the best cashback credit cards – these will almost always be a better option than redeeming Citi ThankYou points for cash back.
What Value Can You Get When You Redeem Citi ThankYou Points for Travel Through the Citi Portal?
Quick Answer: 1.25 cents each for travel with Citi Premier; 1.25 cents each for airfare with Citi Prestige (changing to 1 cent in September 2019), other travel 1 cent per point
The Citi ThankYou Travel Center is a simple way to redeem your points towards all sorts of free travel. This portal works similar to any other online travel agency you might use already such as Expedia, Priceline, and others, but allows you to complete the reservation by redeeming Citi ThankYou points. The portal offers redemptions for airfare, hotels, car rentals, and cruises.
The value of your points will depend on the card you use to redeem them. The Citi Premier earns 1.25 cents per ThankYou point for airfare, hotels, car rentals, and cruises. This is on par with other popular travel cards in the same category, like the Chase Sapphire Preferred Card.
ThankYou points redeemed with the Citi Prestige, on the other hand, are worth just 1 cent per point (except airfare, where they’re worth 1.25 cents per point until September 2019).
What Value Can You Get When You Transfer Citi ThankYou Points to Travel Partners?
Quick Answer: Between 1 and 6 cents each
One of the biggest benefits of having points in a flexible points rewards program, like Citi ThankYou, is that you often redeem points for more value by transferring them to travel partners.
Each airline’s miles will have slightly different values depending on how you redeem them. But receiving 1.5 cents per point is fairly common as an average across most of these partners, with some partners like Singapore Airlines yielding an average value of 2+ cents per point. You’ll typically get the highest value by waiting for transfer bonuses, taking advantage of award sales, or by booking premium award tickets like lie-flat Business Class seats on international flights.
Citi ThankYou Transfer Partners
|Transfer Partner||Transfer Ratio||Transfer Time|
|Cathay Pacific (Asia Miles)||1:1||~24 hours|
|EVA Air||1:1||~1 to 2 days|
|Flying Blue (Air France/ KLM)||1:1||Instant|
|Garuda Indonesia||1:1||~1 to 2 days|
|Jet Airways||1:1||~1 to 2 days|
|Malaysia Airlines||1:1||~1 to 2 days|
|Qantas||1:1||~1 to 2 days|
|Qatar Airways||1:1||~1 to 2 days|
|Singapore Airlines||1:1||~24 hours|
|Thai Airways||1:1||~1 week|
|Turkish Airlines||1:1||~24 hours|
|Virgin Atlantic||1:1||~1 to 2 days|
Points transfers to Citi ThankYou partners can be slower than other flexible reward programs, like Chase Ultimate Rewards. Only three of these partners (Avianca, Flying Blue, and JetBlue) offer instantaneous transfers. A few of these partners (Etihad and Thai Airways) can take up to a week! Most average a few days. This is worth remembering if you are looking to take advantage of one-day fare sales or last-minute tickets.
You might notice that Citi ThankYou doesn’t have any hotel transfer partners. Folks looking to redeem their points for hotel stays can redeem their points through the Citi ThankYou portal, which offers many hotel options including boutique and non-chain hotels. For example, Jasmin redeemed points from her Citi Premier card for a luxury stay at the Conrad Tokyo last year.
One area where Citi struggles is with domestic flights. They don’t have major partners like American Airlines, Delta, United Airlines, or Southwest. That said, you can transfer Citi ThankYou points to partners which are part of an airline alliance, then redeem miles for any airline within that alliance. For instance, you can transfer Citi points to Singapore Airlines to book United Airlines flights.
Example: Business Class on Singapore Airlines
To demonstrate how valuable Citi ThankYou points can be, check out this sample booking from a recent award sale on Singapore Airlines. Because you can transfer ThankYou Points to Singapore Airlines miles within ~24 hours, you can take advantage of these quick deals to get tons of value from your ThankYou points.
Flying Los Angeles to Singapore in Business Class costs ~$3,608 one-way in this case. You will be able to stretch out in lie-flat seats and enjoy the lengthy flight in comfort with delicious food.
With Singapore Airlines’ recent award sale, this flight was on sale for 61,600 Singapore Airlines miles each way. Because of the 1:1 transfer ratio, this is exactly 61,600 Citi ThankYou points too. This makes each point worth an incredible ~5.9 cents each ($3,608 cash price / 61,600 miles)!
Considering an example of earning 3X ThankYou points at gas stations with the Citi Premier, this is a total of ~18 cents back per $1 (5.9 cents per point x 3 points per $1 = ~18 cents per $1) on these common purchases (or 18% return).
Or imagine earning 5 Citi ThankYou points per dollar on dining with the Citi Prestige Card, which would yield ~30 cents per $1 spending (5.9 cents per point x 5 points per $1 = ~30 cents per $1)! These are absolutely astonishing reward values.
Is Citi ThankYou the Right Program for You?
The most important thing to consider with ANY program is whether or not it fits into your travel habits. It’s slightly less flexible than other reward programs, meaning it won’t be a good pick for everyone. For example, it lacks a solid domestic airline transfer partner. While it does offer JetBlue, they don’t have as many flights, or access to as many airports as an airline like American Airlines, Delta, or United Airlines. So if JetBlue doesn’t fly to your airport, that transfer partner will do you no good.
I think the fact that they don’t offer hotel transfer partners is another way in which this program is less flexible. While it is true that hotel transfer partners usually offer lower value than airline transfer partners (considering other flexible rewards programs), it is still nice to have the option.
None of this is to say that Citi ThankYou isn’t a good deal. As stated earlier, some of these transfer partners, such as Singapore Airlines, can offer up to 5+ cents per point in value.
And this is the underlying point. For people looking to fly where these airline partners (or their partners) go, the Citi ThankYou rewards program offers incredible value. But if your travel habits fall outside of what can be offered from the transfer partners, then a different flexible rewards program might make more sense and offer more value for your spending.
Of course, you’re not obligated to lock yourself into one program either. Most of us on the MMS team collect points in the Citi ThankYou, Chase Ultimate Rewards, and AMEX Membership Rewards programs simultaneously.
How Should YOU Use Your Citi ThankYou Points?
For folks with the Citi Premier card, the travel portal is a good option if you don’t want to worry about award charts, or are looking at booking last-minute flights. It is also your only option for booking hotels since Citi doesn’t offer any hotel transfer partners. The 1.25 cent per point value is reasonable, especially considering how easy it is to redeem them.
But transfer partners will still be a better option when you are looking to get the most value on airfare, because your average value across all the transfer partners is ~1.5+ cents per point, higher than what the portal would offer you.
Those with the Citi Prestige card are going to want to focus almost all of their effort towards using Citi’s transfer partners. This card only offers 1 cent per point within the travel portal (1.25 cents per point on airfare until September 2019), making it a much bigger loss in value compared to what is possible with transfer partners.
Flexible Citi ThankYou points are worth 0.5 to ~6 cents each, depending on how you redeem them. The Citi Premier and Citi Prestige are currently the only 2 cards that allow you to fully utilize this rewards program.
You can redeem Citi ThankYou points towards:
- Cash back statement credit: Worth 0.5 cents per point
- Gift cards: Worth 1 cent per point
- Travel portal: Worth 1 cent per point for Citi Prestige (1.25 cents per point on airfare until September 2019) or 1.25 cents per point for Citi Premier
- Transfer partners: Worth ~1 – 6+ cents per point depending on the travel dates and airline
The value of your Citi points will completely depend on how you redeem your points. Let us know if you have a favorite Citi ThankYou points redemption!
Check out our other articles about Citi ThankYou points:
- Citi ThankYou Points Review
- Citi ThankYou Points Value
- Best Ways to Use Citi ThankYou Points
- Citi Transfer Partners
- How to Earn Citi ThankYou Points
- How to Setup a Citi ThankYou Points Account
- How to Use Citi ThankYou Points
- Do Citi ThankYou Points Expire?
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