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Citi ThankYou Points are one of the most valuable transferable currencies out there. With a compact yet impactful credit card portfolio and impressive transfer partners, it’s a terrific option for those who want a well-rounded rewards portfolio. By familiarizing yourself with the program’s true potential, you’ll be well-equipped to maximize its value. Here’s a look at everything you need to know about Citi ThankYou Points.

Quick Facts About Citi ThankYou Points

  • Citi ThankYou Points are a rewards currency issued by Citi through credit cards and checking accounts.
  • Slickdeals values Citi ThankYou Points at about 1.8 cents each, depending on how you redeem them.
  • You’ll get the most value from high-end travel redemptions and the lowest from cash back or statement credits.

Compare Citi Credit Cards

Credit Card Intro Bonus Annual Fee Rewards Rate Learn More
Citi Double Cash

Citi Double Cash® Card

$200Cash Bonus More Info

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

$0 2%Cashback More Info

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.

Citi Premier® Card

60,000Citi ThankYou Points More Info

Earn 60,000 bonus ThankYou Points after making $4,000 worth of purchases during the first three months of account opening. Dollar Equivalent: $1,080 (60,000 Citi ThankYou Points * 0.018 base)

$95 1X-10XPoints More Info

10X total ThankYou® Points per $1 spend on hotel, car rentals and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024. 3X -- Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels 3X -- Earn 3 Points per $1 spent at Restaurants and Supermarkets 1X -- Earn 1 Point on All Other Purchases

Citi Custom Cash® Card

$200Cash Bonus More Info

Earn $200 in cash back after you spend $1500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® points, which can be redeemed for $200 cash back.

$0 1% - 5%Cashback More Info

Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.

Costco Anywhere Visa® Card by Citi

$0Cash Bonus $0 More info

Active Costco membership required

1% - 4%Cashback More Info

Earn 4% cash back on up to $7,000 in annual gas and EV charging purchases (and then 1% after), 3% back on restaurant and travel purchases, 2% back at Costco and Costco.com and 1% everywhere else.

Transferring and Redeeming Citi ThankYou Points

family by the pier
iStock

Now on to the fun part: Redeeming Citi ThankYou Points. Citi ThankYou Points are among the most underrated transferable rewards currencies out there. There are multiple options for redeeming points, including:

  • Transfer points to one of more than a dozen travel partners, which will get you the most value.
  • Redeem points for travel on the Citi ThankYou Travel site.
  • Transfer points for cash—unlike other transferable rewards programs like Amex Membership Rewards, Citi allows cardholders to redeem their points for cash rewards at a reasonable rate. 

Airline and Hotel Partners

The Citi ThankYou program has many airline and hotel partners you can transfer points to. They include well-known domestic programs and some international partners that offer cheap flights to popular destinations. ThankYou Points transfer to most of them at a 1:1 ratio, with a few exceptions:

Partner Transfer Rate

AeroMexico Rewards

1:1

All – Accor Live

1:0.5

Avianca Lifemiles

1:1

Cathay Pacific

1:1

Choice Privileges®

1:2 Citi Prestige® Card + Citi Premier® Card
1:5 others

Emirates Skywards

1:1

Etihad Guest Miles

1:1

Eva Air

1:1

Flying Blue

1:1

JetBlue TrueBlue

1:1 Citi Prestige® Card+ Citi Premier® Card
1:0.8 others

Leaders Club

1:0.2

Qantas Frequent Flyer

1:1

Qatar Privilege Club

1:1

Shop Your Way®

1:10

Singapore Krisflyer

1:1

Thai Royal Orchid Plus

1:1

Turkish Airlines Miles& Smiles

1:1

Virgin Atlantic Flying Club

1:1

Wyndham Rewards®

1:1 Citi Prestige® Card + Citi Premier® Card
1:0.8 others

Quick Tip

Sometimes Citi offers bonus points for transfers to specific programs, but we don’t recommend transferring points unless you have an immediate use for them since loyalty programs could devalue before you canuse your miles.

Transferring Citi ThankYou Points for “Sweet Spot” Airline Offers

Several Citi transfer partners offer “sweet spot” redemptions. These are award tickets that cost significantly fewer miles than most other loyalty programs. Here’s a look at some “sweet spot” awards we've seen in the past:

  • Turkish Miles&Smiles: 7,500 miles one-way for United Airlines economy class to Hawaii
  • Air France/KLM Flying Blue: 15,000 miles one-way for economy class between the U.S. and Caribbean
  • Etihad Guest: 44,000 miles one-way for Royal Air Maroc business class from the East Coast to Morocco 
  • Virgin Atlantic: 50,000 miles one-way for Delta One Suites to Europe
  • Avianca Lifemiles: 87,000 miles one-way for Lufthansa first class to Europe

Redeeming on Citi Travel Portal vs. Transferring Points to Partners

It’s worthwhile to compare rates on the Citi ThankYou travel site for potential savings:

  • When travel is expensive, transferring points to a loyalty program seems to make the most sense.
  • Transferring points is ideal when booking business and first-class tickets or traveling during peak season so you can save your cash.
  • When hotel rooms are on sale or airfare is low, redeeming points through the Citi ThankYou Travel site might be better.

Booking Example

Let’s say a room at the Wyndham Lake Buena Vista Disney Springs Resort goes for 30,000 Wyndham points per night. But you can book the same room through the Citi travel site for around 20,000 ThankYou points in the fall.

By booking through Citi—rather than transferring ThankYou points to Wyndham—you can book the same room for 10,000 fewer points.

Redeeming Citi ThankYou Points for Cash Back

Cash back isn’t the best use of any points, but in rare cases, it makes sense. At the start of the pandemic, when travel became impossible and people lost their jobs, redeeming points for cash back made sense. Citi lets you do this at 0.8-1 cent per point, depending on the method. 

Redemption Option Cash-Back Redemption Values

Check by mail

1 cent

Statement credits

1 cent

Pay with points (for eligible purchases):

0.8 cent

Gift cards

1 cent

Charitable contributions

1 cent

While being able to redeem ThankYou Points for cash back is a nice option, you can get well over 2 cents per point by transferring them to a travel partner instead.

That being said, if you’re regularly redeeming points for cash back, you might want to consider getting a cash-back card instead. You won’t pay an annual fee but can earn upwards of 2% on all purchases. Be sure to check out Citi’s cash back cards for the most rewarding option that fits your spending habits. 

Recommended Cash-Back Credit Cards

Credit Card Rewards Rate Intro Bonus Annual Fee Learn More

Chase Freedom Unlimited®

1.5% - 5%Cashback More Info

Enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

1.5%Extra Cash Back More Info

Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases.

$0

Wells Fargo Active Cash® Card

2%Cashback More Info

Earn unlimited 2% cash rewards on purchases.

$200Cash Bonus More Info

Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.

$0
Citi Double Cash

Citi Double Cash® Card

2%Cashback More Info

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.

$200Cash Bonus More Info

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

$0

Ink Business Cash® Credit Card

1% - 5%Cashback More Info

Earn 5% cash back on your first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. It also offers you 2% cash back on your first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.

$750Cash Bonus More Info

Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening

$0

How to Earn Citi ThankYou Points

couple at check in counter
iStock

There are several ways you can earn ThankYou Points with Citi rewards credit cards, including:

  • Citi welcome bonuses: Citi rewards cards offer generous category bonuses, allowing you to keep earning ThankYou Points well after the sign-up bonus is spent.
  • Targeted spending bonuses: Citi sometimes offers bonus points for meeting targeted spending thresholds. These offers are usually sent out to select cardmembers and the categories vary, but the earning rate goes as high as 5 points per dollar spent. If you opt-in to receive marketing emails from Citi, you’ll see offers like this in the mail or email. 
  • Points on everyday spending: The category bonuses on these cards are also in line with most people’s spending habits. Cardmembers are rewarded for common purchases like gas, groceries and travel.
  • Authorized users: Adding an authorized user to your Citi card is a great way to earn additional rewards on a significant other’s spending without shelling out an extra annual fee.

Credit Cards That Earn Citi ThankYou Points

  • Citi Custom Cash® Card and Citi Double Cash® Card: These are billed as cash-back cards, but you’ll earn ThankYou Points, which can be worth more than traditional cash back. You can really maximize your spending by using one of these cards for purchases that don’t earn bonus points with other cards.
  • Citi Premier® Card: The Citi Premier® Card, from our partner Citi, is worth considering if you’re looking for accelerated travel rewards but don’t want to pay a huge annual fee. It’s easy to quickly rack up lots of points on this card. While you can redeem ThankYou points for gift cards, you’ll get more value when you redeem points for flights and hotels, and potentially even better value when you transfer points to travel partners.
  • Citi Rewards+® Card: The Citi Rewards+® Card, from our partner Citi, rounds up all purchases to the nearest 10 ThankYou Points. For example, if you bought a $2 coffee, you’d earn 10 ThankYou Points, and if a burger and fries cost $15, you’d earn 20 ThankYou Points. So if you make a lot of small purchases, this could be the card for you.
  • Citi Prestige® Card: The Citi Prestige® Card, from our partner Citi, no longer accepts new applicants, but if that changes, you may want to add it to your wallet. It has a hefty annual fee but offers many travel perks to make up for it. The card also earns 5X points on dining, airlines and travel agencies, 3X points at cruise lines and 1 point per dollar elsewhere. And Citi Prestige® Card cardholders get more favorable transfer ratios with some partners.

Compare Citi Credit Cards

Credit Card Intro Bonus Annual Fee Rewards Rate Learn More
Citi Double Cash

Citi Double Cash® Card

$200Cash Bonus More Info

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

$0 2%Cashback More Info

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.

Citi Premier® Card

60,000Citi ThankYou Points More Info

Earn 60,000 bonus ThankYou Points after making $4,000 worth of purchases during the first three months of account opening. Dollar Equivalent: $1,080 (60,000 Citi ThankYou Points * 0.018 base)

$95 1X-10XPoints More Info

10X total ThankYou® Points per $1 spend on hotel, car rentals and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024. 3X -- Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels 3X -- Earn 3 Points per $1 spent at Restaurants and Supermarkets 1X -- Earn 1 Point on All Other Purchases

Citi Custom Cash® Card

$200Cash Bonus More Info

Earn $200 in cash back after you spend $1500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® points, which can be redeemed for $200 cash back.

$0 1% - 5%Cashback More Info

Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.

Costco Anywhere Visa® Card by Citi

$0Cash Bonus $0 More info

Active Costco membership required

1% - 4%Cashback More Info

Earn 4% cash back on up to $7,000 in annual gas and EV charging purchases (and then 1% after), 3% back on restaurant and travel purchases, 2% back at Costco and Costco.com and 1% everywhere else.

Why We Like Citi ThankYou Points

There aren’t many rewards programs out there that are both generous and accessible. Citi checks both boxes with its ThankYou rewards program. Plus, the credit cards offer reasonable annual fees and lucrative category bonuses that makes earning points a breeze.

Leveraged correctly, Citi ThankYou Points can open up some incredible travel opportunities. Between their flexibility, generous credit cards and impressive lineup of travel partners, Citi ThankYou Points are an excellent addition to a robust travel rewards strategy. 

AA

Ariana Arghandewal

Ariana Arghandewal is a rewards travel expert and founder of Pointchaser, an online publication dedicated to rewards travel topics. She brings over a decade of experience writing about travel, points, miles and credit cards. Her expertise includes her roles as an editor for distinguished travel and finance publications such as NerdWallet, The Points Guy and FlyerTalk. She has also authored many articles featured in major financial news & travel channels like Forbes, U.S. News Weekly, Business Insider & Fodor’s Travel.