What is Citi (Credit Card) ThankYou?
Citibank, a renowned multinational bank that operates in over 160 countries, is well-known for its credit cards. One of the rewards programs offered by Citibank is the ThankYou program. It is a loyalty program that allows customers to earn points while using their credit cards to make purchases. These points can later be redeemed for different rewards such as merchandise, gift cards, travel rewards, and even cashback.
Customers can earn ThankYou points in different ways, including making purchases with their credit cards, booking travel arrangements through the ThankYou travel center, and even playing games on the ThankYou website. The Citibank app also helps customers keep track of their rewards balance, learn about eligible purchases, and see what rewards they can redeem.
The ThankYou program comes with different tiers based on credit card usage, with each tier offering different benefits. For example, customers with Citigold accounts and the highest tier get access to exclusive rewards, including VIP experiences, event invitations, and private shopping events. They can also earn extra points by referring a friend to the program.
Overall, the Citibank ThankYou program is an excellent way for customers to earn rewards while they make purchases they would normally make. The program offers flexibility and variety, making it stand out from other credit card reward programs. The best part is that the points earned do not have an expiration date as long as the account remains active, so customers can save their points for big-ticket items or use them as they see fit.
Frequently Asked Questions about citi (credit card) thankyou
Citi Rewards+® Card
2 ThankYou points per $1 spent at supermarkets and gas stations (on up to $6,000 in purchases per year). 1 ThankYou point per $1 spent on all other purchases. Rewards are rounded up to the nearest 10 points on every purchase. Get 10% points back for the first 100,000 points you redeem per year.
Citi discontinued the ThankYou Preferred Credit Card for College Students in 2018, according to LendingTree, but it allowed cardholders to keep using it and when the company came out with the Citi Rewards+ Student Card, users could request to be switched to that card.
On average, Citi ThankYou points are worth about 0.8 cents each, but it's not hard to get 1 cent per point by redeeming them for gift cards or flights. The easiest redemption options, cash back and statement credits, will only get you 0.5 cents per point, which drags down the average value of Citi ThankYou points.
This card is great for those who want to earn cash-back with U.S. supermarkets, U.S. streaming subscriptions, transit, and U.S. gas stations. Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. $0 intro annual fee for the first year, then $95.
Items eligible for Shop with Points at Amazon.com can be purchased using your ThankYou Points or other Citi rewards currency, your eligible Citi credit card linked to Shop with Points at Amazon.com, an Amazon.com gift card, an Amazon Payments Stored Value account or any combination of the above.
$0 annual fee
$0 annual fee. Many rewards credit cards come with a yearly cost. The Citi ThankYou® Preferred Card does not. This means you won't have to stress about using your card enough to cover a fixed yearly payment.
There is no immediate change or impact to the existing account/relationship with Citi. We are committed to ensuring that customers continue to receive the best services, and we will continue to operate as usual. Consumer operations, including all branches, call centers and offices, continue to operate as they do today.
In the country's rapidly transforming economic and banking landscape, Citibank was unable to garner a sufficient market share in the consumer banking sector, which it forayed into in 1985. As a result of this, the group decided to exit its retail business in India.
So if you book a $500 flight and "pay" with your points, it will cost 50,000 ThankYou points. This value doesn't have any wiggle room. You can't squeeze more value from your points by searching more or booking with particular airlines. A point is just worth a cent through the portal, no matter how you redeem it.
Redeem points for cash back
Points are worth 1 cent per each this way - meaning 80,000 points are worth $800 in cold hard cash.
Earn 3 Points per $1 spent at Restaurants and Supermarkets. Annual Hotel Savings Benefit. 60,000 ThankYou® Points are redeemable for $600 in gift cards or travel rewards at thankyou.com. No expiration and no limit to the amount of points you can earn with this card.
This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Redeem points for cash back
Points are worth 1 cent per each this way - meaning 80,000 points are worth $800 in cold hard cash.
The Citi ThankYou® Preferred Card foreign transaction fee is 3%. The Citi ThankYou® Preferred Card for College Students also has a 3% foreign fee, as do most other Citibank credit cards. Only a handful of Citi cards have no foreign transaction fee.
The Citibank Account. The Citibank® Account Package charges a $25 monthly service fee. The fee is waived when you maintain an average monthly balance of $10,000 across linked Citi deposit, investment, and retirement accounts.
However, beyond the bank's high-yield savings account, Citi accounts don't offer competitive rates. You can find higher APYs at many online banks, and often, these accounts don't charge monthly fees either.
