Citi ThankYou Factors: How one can Earn and Use Them – NerdWallet

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The Citi ThankYou rewards program lets eligible financial institution or bank card clients gather rewards, often called ThankYou factors, on purchases made with a qualifying bank card.

ThankYou factors might be useful, particularly for vacationers, however the rewards program is much less simple and a bit tougher to navigate when put next with these provided by another issuers:

  • Redemption choices range relying on what particular Citi card you will have.

  • Level values additionally vary extensively. You could possibly rating a terrific deal on airplane tickets (in case you have the correct Citi card), however money again yields a poor return.

  • Whereas Citi does enable level transfers to a number of journey loyalty packages, entry to this characteristic once more is dependent upon which card you will have. And solely one in all Citi’s journey companions is a home program.

Nonetheless, ThankYou factors are versatile and versatile, particularly in case you have particular redemptions in thoughts. Right here’s find out how to take advantage of out of Citi ThankYou factors.

Citi ThankYou factors: The fundamentals

You may earn ThankYou factors by an eligible banking relationship with Citi or by paying for purchases with an eligible Citi bank card. Rewards might be accessed by logging into your Citi account or by visiting the ThankYou website.

ThankYou factors are price a mean of 1 cent every, according to NerdWallet valuations, however that can range relying on the way you redeem and which ThankYou bank card you will have.

Typically, ThankYou factors might be redeemed for:

  • Money again or assertion credit.

  • Procuring at collaborating retailers.

  • Funds towards a mortgage or pupil mortgage.

Bank cards that earn ThankYou factors

Citi affords a number of merchandise that earn the ThankYou rewards foreign money. Listed below are a few of its most outstanding:

Citi Rewards+® Card

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Citi Rewards+® Card

  • 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.

Signal-up bonus: Earn 15,000 bonus factors after you spend $1,000 in purchases together with your card inside 3 months of account opening; redeemable for $150 in reward playing cards at thankyou.com..

Citi Rewards+℠ Pupil Card

  • 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.

Citibank ThankYou Premier Credit Card

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Citi Premier® Card

  • 3 ThankYou factors per $1 spent on eating places, supermarkets, air journey, inns and gasoline stations.

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

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

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

Citi Status® Card

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

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

  • 1 ThankYou level per greenback on all different purchases.

  • There’s additionally a sign-up bonus. (This supply is now not legitimate on our web site.)

Different methods to earn ThankYou factors

You should buy ThankYou factors, however you’ll pay greater than they’re price. They go for two.5 cents every, and you’ll purchase them solely in increments of 1,000. If you do not have sufficient factors for a selected redemption, you may in some instances pay the distinction in money as a substitute, which can find yourself being a greater deal than shopping for factors outright.

How one can redeem Citi ThankYou factors

In lots of instances, you may redeem ThankYou factors straight by Citi’s ThankYou.com web site. This is find out how to use your factors.

Journey

You may redeem ThankYou factors by the ThankYou Journey Middle for airfare, cruises, inns, automotive leases and different types of journey. Log in to your Citi account to entry these choices. Factors redeemed for journey range in worth based mostly on the itinerary, time of journey and price of journey.

When you’ve got an eligible Citi card — such because the Citi Premier® Card or Citi Status® Card — you too can switch factors to greater than a dozen collaborating journey loyalty packages, normally at a 1-to-1 ratio. The full list is here, however a few of the most outstanding companions embody:

Nerd tip: For the Citi Rewards+® Card or the Citi® Double Money Card – 18 month BT supply, the one eligible switch accomplice for ThankYou factors is JetBlue TrueBlue.

Present playing cards

Present card redemptions sometimes begin at 2,500 factors. They typically redeem at a fee of 1 cent per level. Citi’s ThankYou web site has a number of manufacturers and classes to select from, together with eating places, shops, journey and electronics, amongst others.

Money again

Redeeming for money can reduce your rewards in half. Money usually redeems at a fee of 0.5 cent per level in denominations of $50 and $100. And you may’t redeem money into your checking account; it’s important to look forward to a test to reach within the mail.

Assertion credit score

Assertion credit score has extra versatile denomination choices that redeem into your account inside two billing cycles. It could actually assist pay down your total stability, however you’ll nonetheless be on the hook for the minimal fee.

Funds towards a mortgage or pupil mortgage

ThankYou factors are price 1 cent apiece when redeemed for a test to the lender, and you will have a number of denomination choices, starting from $25 to $1,000. You may need to name 1-800-THANKYOU to redeem for both possibility.

Charity

Different redemption choices

  • Store With Factors program: You may redeem ThankYou factors at collaborating on-line retailers, including Amazon.com. Factors can be utilized towards a purchase order or for assertion credit score.

  • Pay With Factors: After you’ve got made a web-based or in-store out-of-pocket buy, you are notified by way of the Citi cellular app whether or not that merchandise is eligible to be coated by ThankYou factors. In that case, you may apply your ThankYou factors to the acquisition in alternate for a press release credit score that arrives inside two to 3 enterprise days. Buy classes which may be eligible embody eating out, groceries, leisure and shops, amongst others. You may need to arrange alerts to remain on prime of purchases that qualify. For those who resolve to Pay With Factors, a redemption worth of 0.8 cent per level will apply. That is decrease than the business normal of a penny per level.

  • On-line Invoice Pay With Factors: Use ThankYou factors, or a mixture of factors and money, to pay payments by way of the issuer’s on-line invoice pay characteristic. (You have to be an eligible Citi checking account holder for this feature.)

The advantageous print

With a Citi ThankYou bank card, you could earn ThankYou factors so long as your account is open and present. There’s no cap to what number of you may earn, though late funds might prohibit you from redeeming factors. Except your phrases state in any other case, factors sometimes expire inside three years from the tip of the 12 months by which you obtain them.

It additionally helps to grasp your bank card’s phrases and circumstances so that you simply’re conscious of non qualifying purchases. For example, some playing cards earn factors in classes like eating places, however your buy might not qualify for the upper rewards fee if the restaurant is positioned inside a division retailer.

Info associated to the Citi Status® Card and Citi Rewards+℠ Pupil Card has been collected by NerdWallet and has not been reviewed or offered by the issuer of this card.

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