Citi ThankYou Points Value: How Much Are They Worth?
Written by
Andrea Norris
Edited by
Lindsey Kloosterman
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Citi® rewards eligible cardmembers with Citi ThankYou points, including the , and . Regardless of which card a Citi cardholder has, knowing how to determine Citi ThankYou points’ value can help members get the most from their Citi cards.
The following is a quick overview of the ThankYou points value for different redemption options and how points are earned with some of Citi’s popular credit cards.
How Much Are Citi ThankYou Points Worth?
The redemption value for Citi ThankYou points varies by the card used and how the points are redeemed. However, most cardmembers can expect a value of 0.5 cents to one cent per point. Eligible cardmembers can use ThankYou points to book travel, purchase merchandise or gift cards, receive a statement credit or cash back or make a charitable donation. Points can also be transferred to select travel loyalty programs.
Some Citi cards earn more ThankYou points than others; the point redemption value can vary by card. Cardmembers should sign into Citi’s ThankYou Rewards portal to determine the exact value of their points and available redemption options.
Ways To Maximize Citi ThankYou Points Value
Signing into the Citi ThankYou Rewards portal is the only way to accurately determine the value of Citi ThankYou points, but the following is a breakdown of the points value cardmembers may receive for five popular redemption options.
| Redemption Method | Estimated Point Value |
|---|---|
| Travel | $0.01 |
| Cash Back | $0.005 – $0.01 |
| Gift Cards | $0.01 |
| Shopping | $0.008, depending on store |
| Transferring to Loyalty Programs | Varies by loyalty program |
Using ThankYou Points for Travel
Most Citi cardmembers receive one cent per point redeemed for travel purchases via the ThankYou Rewards portal. So 10,000 points would be worth $100 toward a travel purchase.
Getting ThankYou Points as Cash Back
Some Citi cards, such as the Citi Double Cash card and the , have a point redemption value of one cent per dollar when redeemed for cash back. Cardmembers can get $100 cash back for 10,000 ThankYou points.
Other Citi cards, such as the Premier card, have a cash-back redemption value of only 0.5 cents per point, so a cardmember would receive $50 cash back for 10,000 ThankYou points.
Buying Gift Cards With ThankYou Points
Cardmembers can redeem ThankYou points for gift cards to retailers, restaurants and more, often at a value of one cent per point. However, point value can vary by retailer and Citi card.
Using ThankYou Points for Shopping
Citi cardmembers can also shop directly with points from select retailers like Amazon, Best Buy, CVS and PayPal.
The point value for shopping may be less than one cent per point. For example, cardmembers can redeem 1,250 ThankYou points in-store at CVS and receive $10 toward a purchase. This is a value of just 0.8 cents per point.
Transferring Points to Travel Loyalty Programs
Some cardmembers can transfer Citi ThankYou points to several travel loyalty programs, including Virgin Atlantic Flying Club and Wyndham Rewards.
The program rules for the loyalty program to which the points are transferred will determine the value of the transferred points. So the value of the transferred points into loyalty points might be greater or lesser than as Citi ThankYou points.
How To Earn Citi ThankYou Points
Every Citi credit card has a different reward structure. The following is a breakdown of how points are earned with four popular Citi rewards cards and each card’s attractive ThankYou points bonus offer for new cardmembers.
Citi Premier Card
Citi Premier cardmembers earn 3X ThankYou points per dollar on eligible restaurant, supermarket, gas station and travel purchases and 1X per dollar on all other purchases.
New Premier cardmembers earn 60,000 bonus ThankYou points redeemable for $600 in gift cards by spending $4,000 in purchases within the first three months of account opening.
Citi Rewards+ Card
The Citi Rewards+ card offers cardmembers 5X per dollar spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ Portal through June 30, 2024, 2X points per dollar spent at supermarkets and gas stations for the first $6,000 each year and one point per dollar for all other purchases. Additionally, the card’s unique rewards program automatically rounds up to the nearest 10 points on every purchase. Finally, cardmembers get 10% points back each year on redeemed points up to the first 100,000 redeemed.
New cardmembers receive 20,000 bonus points redeemable for $200 in gift cards after spending $1,500 within the first three months of account opening.
Citi Double Cash Card
Citi Double Cash cardmembers earn cash back in the form of one ThankYou point per dollar spent on purchases and an additional point for every dollar when payment is made for the purchase.
Citi Custom Cash Back
The Citi Custom Cash Back card’s simple rewards program awards cardmembers with five ThankYou points per dollar on their highest spend category — up to $500 in purchases — during each billing cycle and one point per dollar for all other purchases.
New cardmembers who spend $1,500 on purchases in the first six months of account opening earn 20,000 ThankYou points that are good for $200 cash back.
Takeaway
Citi ThankYou Points value varies by how the points are redeemed and the card used to earn the points. Citi cardmembers can sign in to the ThankYou rewards portal to determine the exact value they will get for their points using the many redemption options. However, most ThankYou points are worth 0.5 cents to one cent per point.
It may be tempting to overspend on a Citi credit card to maximize the number of ThankYou points earned. However, those who can’t pay off their card balance each month will likely find that interest charges cost more than the value of any earned ThankYou points.
FAQ
Here are quick answers to a few common questions about the value of Citi ThankYou points.- How much is 60,000 in ThankYou points worth?
- The value range of 60,000 Citi ThankYou points would be $300 to $600 for most cardmembers. Citi ThankYou points are typically worth between 0.5 cents and one cent per point, depending on the card used to earn the points and the point redemption option.
- How much is 2,500 in Citi points worth?
- With a value of 0.5 cents to one cent per point, 2,500 Citi points would be worth $12.50 to $25.00.
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- CNBC Select. 2022. "What are Citi ThankYou points worth?"
