Citi ThankYou Points Gift Card Discount! Up to ~23% Off By Stacking With Card Perks, Including Apple, Cruises, AirBnb & (Targeted?)

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If you’re looking to stretch your Citi ThankYou points, check your account for discounts on gift cards.  My account has a 10% discount on gift cards, but others have 15% off.  I’m not sure if this is a targeted promotion or just one that is different for each account.

Normally, redeeming Citi ThankYou points for gift cards isn’t the best option because your points are only worth 1 cent each this way.  But if you have the Citi Rewards+® Card, you’ll get a 10% points rebate on the first 100,000 points you redeem, which makes this an opportunity worth looking into.

If you can stack this deal, if could be the best way to use Citi ThankYou points for Royal Caribbean Cruises

Citi ThankYou Points Gift Card Discount

Normally, you can redeem Citi ThankYou points for gift cards at a rate of 1 cent each in increments between $25 & $100.

So with this sale you can pick-up a $100 gift card for 8,500 to 9,000 Citi ThankYou points.  That’s a solid rate for gift cards, but it’s not an absolutely killer deal because if you have the Citi Premier® Card, you can redeem Citi ThankYou points for 1.25 cents each toward travel booked through Citi’s travel site.  This includes hotels, rental cars, flights, and cruises.

If you happen to have a Citi Rewards+® Card, you’ll get a 10% points rebate on the first 100,000 points you redeem per calendar year.  This rebate applies to gift card redemptions.

If you have the Citi Premier card you can redeem 8,000 Citi ThankYou points for $100 in cruises, hotels, etc. booked through the Citi travel portal.  Here is a breakdown of how many points it would take to get $100 in travel gift cards with this sale and the Citi Rewards+ Card:

Gift Card Discount$100 Gift Card Cost10% Points RebateTotal ThankYou Points CostValue Per ThankYou Point
10%9,000 ThankYou points900 ThankYou points8,100 ThankYou points~1.23 cents per point
15%8,500 ThankYou points850 ThankYou points7,650 ThankYou points~1.31 cents per point

If you’re targeted for the 15% gift card discount you can get a 23%+ discount and a value of ~1.31 cents per point, which beats out the Citi Premier card.  And to top it off, the Citi Rewards+ doesn’t have an annual fee.

One thing to note is that if you transfer Citi ThankYou points to someone else’s account that has a Citi Rewards+ card, the transferred points aren’t eligible for the 10% points rebate.  The other drawback is that you can only redeem Citi ThankYou points for a limited number of travel related gift cards including:

  • AirBnb
  • Royal Caribbean International
  • Mandarin Oriental

This is probably as good as it gets for redeeming Citi ThankYou points for gift cards.  The big advantage cards like the Citi Premier and Citi Prestige Card have is that they give you the ability to transfer your ThankYou points to airlines.  When you do this, you can potentially get an even better return for your points, especially if you book expensive Business or First Class awards.

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Jason Stauffer was a writer for Million Mile Secrets where he covered points, miles, credit cards, airlines, hotels and general travel. His work has appeared in The Points Guy and NextAdvisor.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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