Use Points for Statement Credits . Why would anyone not just redeem for 1 cent per point for cash? Activate by 12/31/21. See, The Ultimate Guide to Citi ThankYou Rewards, slashing benefits on a majority of their cards, These are the current CDC health-related travel advisories, Turkey adds new testing requirements for entry: Everything you need to know about visiting, 23 minutes, a $20 taxi and no boarding pass: How I pulled off a seemingly impossible international connection, Blue Cash Preferred® Card from American Express, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®. Banks don’t make money on those people so they add the “features” to make more off the uninformed ones. i thought it was AA miles for a moment. Maybe Citi is getting paid by PayPal to do this. Citi Prestige Promo: 5X on Streaming, Cable, and Online Purchases. Use Points for Statement Credits . Simply make an eligible purchase, receive a push or email notification and apply points … No, of course not. Going to the Citi ThankYou website, you can redeem 2,500 ThankYou points for a $25 gift card from your choice of a variety of retailers. Peer-to-peer transactions made through PayPal will not trigger the statement credit, but it shouldn’t be too hard to take advantage of the deal as many online retailers allow you to pay through PayPal. © 2020 THE POINTS GUY, LLC. 20% less than it’s nominal value? Sadly there are people that would probably jump on this because they don’t know any better. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. The 32 Best Ways to Use Your Citi ThankYou Points. As COVID-19 continues to impact travel globally, please remember that once you submit a request to transfer ThankYou Points to a participating loyalty program, the request to transfer cannot be cancelled and ThankYou Points cannot be transferred back to your ThankYou account. Related: The Ultimate Guide to Citi ThankYou Rewards. Make every purchase more rewarding. You need to realize you are small subset of the population: somewhere around 2%. If you never redeem them because it’s too “difficult”, then eventually you realize that and get a different card. Use your ThankYou.com User ID when you don’t have a Citi ... Citi and its affiliates are not responsible for the products, services, and content on the third party website. Your eligible Citi card will be charged for the full purchase amount. You can always get a minimum value of $0.01 per point with Citi ThankYou points, but it's also possible to get over $0.03 per point with transfers to travel partners. This post contains references to products from one or more of our advertisers. So it’s very similar to our experience on Amazon or Best Buy, that when you go to check out and you’re using your Citi card, in this case in your PayPal wallet, you’ll say, “Oh, I have this amount of ThankYou points, which are worth this amount of dollars,” and you can elect to use some or all of it to cover your purchase. Be sure to check your email for the following subject: “, earn up to $ back when you shop with Citi and PayPal after qualifying purchases.”. With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories. He has no idea how much his rewards add up to, but he loves Citi because they reward him and he doesn’t have to learn anything about rewards. Are they trying to trick some people who don’t really understand this to waste their points? This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This functionality is slated to launch in 2018. Also, a reader pointed out that the Paypal and Amazon redemption options can be useful for someone who has small, orphaned point balances. (Prestige cardholders will soon be able to get 1 cent per point. This option should help for such scenarios. I am so curious – when Citi or any program launch this kind of no-value programs to their customers how many “dumb” customers actually take the bait and redeem their points? 1 Then, you can redeem your ThankYou Points for something for yourself, your employees or for the office. As a community, we need the 98% to use low-value rewards and pay interest for us to continue so next time don’t think of it as a negative, but a positive. Use the Citi ThankYou® Rewards program for great rewards every day. PayPal and the PayPal Giving Fund launch a disaster relief campaign for organizations in CA to support relief efforts. Huh? The Points Guy team has received offers ranging from $20-$25 back, but Doctor of Credit is reporting offers up to $40 back. In the interests of our readers you can find out what shopping portal is offering the best rates on eBay here & Amazon here. For example, 60,000 points are worth $750 toward travel. With the Citi ThankYou ® Preferred Card, Citi Premier℠ service mark Card and Citi Prestige ® Card you can earn points quickly so you can redeem for the rewards that mean the most to you.. Please view our advertising policy page for more information. However, when you have the Citi ThankYou® Premier Card or Citi Prestige® Card, you will earn a 25%+ bonus on your points when used in the Citi Travel Center (ends 9/1/19). At checkout, use ThankYou Points to cover all or part of your purchase. Citi ThankYou points value. I was like BOOM BABY. Citi cards will have it enabled by default unless you specifically opt out.]. *Bonus value is an estimated value calculated by TPG and not the card issuer. Citi Rewards+℠ Card. If you know of a better deal, or disagree with our reasoning please contact us and if appropriate changes will be made. Starting in 2018, Paypal customers will be allowed to use their Chase Ultimate Rewards and Citi ThankYou Rewards to pay for part or all of their purchase at checkout. Related: The Ultimate Guide to Citi ThankYou Rewards. There are a variety to choose from; some have no annual fee, some offer bonuses like airport lounge access, and others offer extra points for gas station or restaurant purchases. Apply for a personal loan, or learn how to invest in your financial future. This site does not include all credit card companies or all available credit card offers. All reward redemptions are subject to your issuer’s reward program terms. Apparently, this option is already live when you actively link your Citi and Paypal accounts, and beginning soon, some (?) Can you really see Mike from your speech class in college getting 1-1.5cpp on TYPs? Update: Some offers mentioned below are no longer available. With Citi ThankYou® Rewards you can earn ThankYou® Points and redeem them for great rewards like gift cards, electronics and travel rewards. As COVID-19 continues to impact travel globally, please remember that once you submit a request to transfer ThankYou Points to a participating loyalty program, the request to transfer cannot be cancelled and ThankYou Points cannot be transferred back to your ThankYou account. Simply make an eligible purchase, receive a push or email notification and apply points … Best Current Credit Card Sign Up Bonuses &... View Your Pre-Approved & Pre-Qualified Credit... Best High Yield Savings Accounts – up to 5% APY. Your eligible Citi card will be charged for the full purchase amount. Additionally, cash rewards earned on the Citi® Double Cash Card – 18 month BT offer can be converted to ThankYou points to be used through PayPal. 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. Transactions made with Points are subject to the participating PayPal Service … Citi cards used to offer shopping and travel protection, but those benefits will soon disappear. I have 900 useless TY points from the checking account that is now closed. Even better, you can get $0.015 to $0.02 per point when you transfer points from Citi ThankYou to one of the Citi … But to get the maximum value from your Citi ThankYou Points, you should transfer your points to frequent flyer programs. Citi is not responsible for the products, services or facilities provided and/or owned by other companies. Citi is running a promotion for all Citi Prestige cardholders where you can earn 5 ThankYou Rewards points for every $1 spent on online, cable, and streaming purchases through the end of 2020. Open a bank account from Citi checking and savings accounts and CDs, to banking IRAs. Bank Accounts That Can Be Funded With A Credit Card, List Of Methods Banks Count As Direct Deposits. If it would be one penny per point, it would be a useful option for those who don’t want to redeem for travel. July 20, 2017 marks Citi’s expanded partnership with PayPal in order to provide more convenient options to ThankYou Cardholders meaning a more simplistic consumer payment alternative: Citi cardmembers will be eligible to use their ThankYou points as payment towards the millions of merchants that accept PayPal in the United States. Featured image by Rafael Henrique/SOPA Images/LightRocket via Getty Images. We may receive compensation when you click on links to those products. Do you want to go to the third party site? On June 25, Citi announced ThankYou cardmembers can redeem points in real-time. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. A RED VENTURES COMPANY. Peer-to-peer transactions made through PayPal will not trigger the statement credit, but it shouldn’t be too hard to take advantage of the deal as many online retailers allow you to pay through PayPal. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Amazon: Clorox Disinfecting Wipes, (Pack of 3) For... Instacart Staples: $15 Off $35+ With Promo Code... Chase Offers/BofA: Get 5% Back At Dell.com On... Alaska Airlines: 30% Off All Flights With Promo Code... [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT]... A Beginners Guide To Bank Account Bonuses [2020... Best Bank Account Bonuses For December, 2020. Related: The Ultimate Guide to Citi ThankYou Rewards. 1 Pay with Rewards will be available for eligible credit cards on eligible purchases or can be donated to support a charitable cause with PayPal Giving Fund. If you're looking for a credit card that offers a tremendous rewards program simply for making eligible everyday purchases, then our variety of Citi ® credit cards with ThankYou ® Rewards are just what you need. ALL RIGHTS RESERVED. Use your card to earn 5 ThankYou® Points per $1 spent, up to 2,500 points, through 01/31/2021 on eligible purchases¹ like: Shopping: including online purchases made at your favorite retailer’s website Groceries: including curbside pickup and online orders Gas Stations And more! Now for the unexciting part: Citi has clarified with Doctorofcredit that the redemption rate with Paypal redemptions will be “the rate will be akin to that for other partners such as Amazon.” In other words, .8 cents per point. On June 25, Citi announced ThankYou cardmembers can redeem points in real-time. You can help support this site by using our links to Amazon & eBay. This functionality is slated to launch in 2018. The offer is valid from June 24 through Aug. 23 and allows users to earn up to 10% back on purchases made with PayPal (up to $40) or $25 back when you spend $75 on eligible PayPal purchases via a Citi credit card. In regards to these updates, you should expect this … Personally this still isn’t how I would choose to redeem my Citi ThankYou points. I value Citi ThankYou points at ~1.7 cents each, so getting ~1.2-1.33 cents per point doesn’t quite get me the value I’m looking for. i don’t understand. Use your points toward your bill payments with the Online Bill Pay With Points feature. I would like to subscribe to The Points Guy newsletters and special email promotions. View Online Bill Pay With Points FAQs. There are a lot of gullible people in this world. I know on Amazon you can redeem any amount, so should be the same. I don’t understand why they would even have this feature. Is Opening A Bank Account A Soft Or Hard Pull? Use your card to earn 5 ThankYou® Points per $1 spent, up to 2,500 points, through 01/31/2021 on eligible purchases¹ like: Shopping: including online purchases made at your favorite retailer’s website Groceries: including curbside pickup and online orders Gas Stations And more! How PayPal WorksSee how PayPal simplifies your life; PayPal AppPay in person, send money, and track activity; Buy and ShopA fast and secure way to buy online and in person; Send and Request MoneyTransfer to friends or get paid back; PayPal Credit and CardsOur credit, debit, prepaid cards, and PayPal Credit; Start SellingGet paid by customers and clients People who frequent sites like this are a small percentage. View our latest valuations here. Keep in mind that if you do use our links, you won’t be able to earn cash back/miles/points from shopping portals. Take advantage of the only credit card that automatically rounds up to the nearest 10 points on every purchase -- a $2 coffee earns 10 points. Includes eligible pick-up and delivery services. The large majority of people using these cards will fall for these. Same thing goes for UR points for amazon. Earn points using your Citi ThankYou Card. ugh why is citi wasting their (and cardholders) time on completely useless “features” and not focus on anything of value???? Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Click Link your ThankYou Points under the Citi card that you want to enroll for rewards. CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners. Pay with points or shop with points. Good point, but I would suspect that it’s actually in Citi’s interest to get people to redeem these orphaned points. So 10,000 ThankYou points is worth $50 of statement credit. Picking up a 100 dollar giftcard for 10k points will yield 1k points being deposited back to your account. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. We will only recommend the products that we believe are the best fit for you, the consumer. Citi is sending out targeted offers for statement credits for cardholders who shop with PayPal. This isn’t how I would redeem my Citi ThankYou points. We have financial relationships with some of the products and services found on this website, we may be compensated if you choose to utilize any of these links when applying. Hopefully, Citi and Paypal will run promotions to encourage people to use their ThankYou points on purchases, similar to the Amazon deals we see. Seriously, who falls for these redemptions? As a general rule, ThankYou points earned with a credit card won't expire as long as the account is open. What’s gain for Citi to push this type of programs? I am glad this is going into effect immediately, so I can rush out and redeem my 5,000,000 points through PayPal instead of waiting on the new cash reimbursement rate through Prestige. One of the easiest ways to earn Citi ThankYou Rewards points is by making purchases with a Citi ThankYou Rewards credit card. !’ Citi once again just blows us away with their creativity, vision and ability to ‘Get IT done!’ /s. He was too busy getting drunk 3 days a week and got a 2.80 GPA. With the Citi Rewards+ ℠ Card, you can earn ThankYou ® Points on everyday purchases, including at supermarkets and gas stations. ThankYou ® Rewards is a program that lets you earn points in multiple ways and combine them in a single ThankYou member account so you can get the rewards you want faster. The points you earn with your Citi ThankYou Card will not expire and there is no cap on the points you can earn. They are easy to use and they don’t have to worry about the “headache” of getting their points into cash – all they have to do is shop on Amazon or PayPal, which is a large portion of online shopping. I imagine Citi does quite well out of these sub par redemption, but I wonder if the people redeeming would just have orphaned points otherwise. Please note that thy points can be redeemed with a 10 percent kickback via the new citi rewards plus card up to 100k per year. “Our expanded agreement with PayPal will enable our 14 million ThankYou Rewards members in the U.S. to utilize an innovative, intuitive new channel to redeem their points. Also, Citi Prestige cardholders will be able to redeem at 1 cent-per-point directly as cash, beginning on July 23, 2017. It’s actually good when they come up with shitty redemption options since people will waste their points which lowers citi’s cost per point meaning they don’t need to cut benefits to make more money. He pays 22% interest on his Citi TY Preferred, but raves to all his friends how he gets free stuff from Citi when he uses paypal and amazon on his card. That said, I’m in total agreement with you that most people should figure out how to redeem for more, either with mortgage check or gift cards. For an explanation of our Advertising Policy, visit this page. Either $5 or 5% of the amount of each transfer, whichever is greater. See where you can go with ThankYou® Points. Make every purchase more rewarding. For example, if you want to redeem ThankYou points towards hotel stays or gift cards, you’re only going to get one cent of value per point under normal circumstances. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. However, when you have the Citi ThankYou® Premier Card or Citi Prestige® Card, you will earn a 25%+ bonus on your points when used in the Citi Travel Center (ends 9/1/19). These redemptions are especially valuable for international flights. Citi Rewards+ SM Card Citi Rewards+ SM Card. That being said: Using Paypal or Amazon redemption, you should be able to redeem any amount. Chase also just announced a partnership with Paypal to enable redeeming Ultimate Rewards points at Paypal checkout, among other things. Any minimum? Today, Citi and PayPal announced an expansion of their agreement that will allow the use of ThankYou points to be used within Paypal checkout to pay for all or part of their purchases when shopping online at millions of merchants that accept PayPal in the United States. Label me ‘super-duper triple excited!! To learn more about Pay with Rewards, see terms and conditions. 2 ThankYou points per $1 spent at supermarkets and gas stations (on up to $6,000 in purchases per year). One way to instantly increase the value of your Citi ThankYou points is to have the Citi Rewards+℠ Card.When you have it, you’ll get a 10% points rebate on the first 100,000 points you redeem each year. The selected amount of points will be deducted from your ThankYou account and you'll receive a … Ie. This site does not include all credit card companies or all available credit card offers. [Update 4/17/19: Today Citi sent some people an email on their AT&T card indicating that this option will be default-enabled beginning May 30. Oh, good point. Why Citi. Anything less than a penny probably isn’t worth it since you can get mortgage checks and gift cards at a 1 cent-per-point valuation. Your ThankYou account balance may not reflect use of Points for pending purchase transactions from participating PayPal service merchants until the purchase has shipped. They provide cardmembers with access to ThankYou Rewards, our reward program where cardmembers can redeem ThankYou ® Points for travel rewards, gift cards and more. The easiest (but least valuable) way to use your Citi ThankYou points is for cash back. Terms apply to the offers listed on this page. You are more knowledgeable, informed and thrifty and use money to your advantage. The selected amount of points will be deducted from your ThankYou account and you'll receive a … Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Earn 3 ThankYou ® Points per $1 spent on purchases in quarterly rotating business categories, with no cap on the points you can earn. 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