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What Should I Do With My Citi ThankYou Points?

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In April 2021 I found a way to burn our Citi ThankYou points. I spent 100K points and booked two round-trip tickets to Iceland on Icelandair. While I implied that I used all of our points, that wasn’t the case.

I received 10,000 points back as a 10% rebate on redemptions by having the Citi Rewards+ card. I also had some points left in our Citi Premier accounts. Just recently, I did a product change to get the Citi Custom Cash card and earned points by booking a hotel with the Citi Prestige’s fourth night free benefit.

Since I’m once again building a balance, I wanted to find out what options are available to redeem our ThankYou points. I started at the Citi ThankYou website.

When logging in, one of the first options offered was to use points to pay for recent purchases.

Using ThankYou points this way only gets 0.5 cents of value for each point. This is a horrible deal. Next.

I could redeem points for a gift card.

Gift cards are redeemed at 1 point = 1 cent value. I could buy something from Gap and Macy’s but there has to be something else. What about travel? Isn’t that why I earned these points?

If you want to pay for travel with your points, you can use the ThankYou portal to make your reservations. You’ll get a 1 cent per point value. That’s the same as getting a gift card and I’d usually prefer not to book directly through the Citi portal (however it was how I spend 100K points, so there’s some value.) What about transferring points to partners?

Ah-ha. There’s the points transfer option. What are my airline options?

That’s several programs I don’t know a whole lot about. While I’m sure there’s value, it takes time to learn about just one program and there are several I know nothing about. I’m sticking to the ones I know.

Flying Blue

Flying Blue is a useful program to book flights with SkyTeam airline partners. I transferred Citi ThankYou points to FlyingBlue to book our flight in Delta One from Frankfurt to Detroit.

You can also use Flying Blue points to book promo awards for trips within the upcoming three months. While these are last-minute redemptions, they often offer awards at up to 50% off the number of miles needed.

Points transferred into Flying Blue will expire if you have no qualifying account activity within a 24 month period. According to Flying Blue, that would be earning points by flying on KLM/Air France or any of their SkyTeam partners and crediting the flight to Flying Blue or spending on a Flying Blue co-brand credit card. You could always credit a low-cost Delta flight to Flying Blue (you wouldn’t get many SkyMiles anyway) to keep your account active. Just don’t transfer in your points and plan to leave them there forever.

If you’re thinking about using the Flying Blue program, I’d suggest making an account now, even if you don’t plan on using it. Flying Blue has a reputation for shutting down accounts that are opened, have points transferred in, and redeemed in a short period of time. It doesn’t cost anything to open an account and leave it there with no points.

JetBlue TrueBlue

You’re not going to get exceptional value when transferring points to JetBlue, but you do know what your points are going to be worth when you redeem them. While some of the awards will give better or worse value, you can expect to get around 1.4 cents per point for your TrueBlue points.

That’s still better than any of the redemptions for gift cards, statement credits or booking travel directly through the Citi portal.

The advantages of parking points with JetBlue are that the points will never expire and you can pool points with any other TrueBlue member to make an award booking.

Singapore KrisFlyer

Singapore is a Star Alliance member and you can redeem points for award flights on those airlines. However, Singapore’s award chart isn’t great for partners. The advantage of having Singapore points is that the airline releases more award space for their own flights to KrisFlyer members. If you have Singapore miles, you’ll be able to book award tickets while people with miles in partner programs, like United, will not. This is how I booked our flight on Singapore Airlines in business class from New York to Frankfurt.

The big downside of transferring points to Singapore KrisFlyer is that points expire three years after being added to the account. So this isn’t the best place to park points unless you know that you’ll be able to redeem them rather quickly.

Virgin Atlantic Flying Club

I never paid attention to this program because the taxes they charge on award tickets for their own flights are very high. However, I decided to give it another look because I’ve read articles about how Virgin Atlantic miles can be a great way to book flights on their partner, Delta.

Virgin Atlantic points expire if there’s no account activity in 36 months, but since they’re partners with all the major banks, it shouldn’t be hard to add some miles to your account to keep it active.

Turkish Airlines Miles & Smiles

Turkish’s program is one that I know very little about. There are some sweet spots in the program, like flying from the US mainland to Hawaii for 7,500 points.

It’s a shame we won’t find this award very useful because those flights are on United, but I’d imagine there’s a bunch of people who’d want to take a bucket list trip to Hawaii and that’s possible with the 20,000 sign up bonus from the Citi Rewards+ card.

Final Thoughts

While at first, second and thirty-fourth glance, the Citi ThankYou transfer partners might seem limited, I assure you there is value to be found in these programs. It might not be as easy to find your award flight with these points as it is with ones that transfer directly to Delta or United, but if it was easy, everyone would do it.

I’m still hooked on the Citi ThankYou program because it’s easy to rack up points and there are several ways to use them to book travel awards. I’m hoping to do better than a 1-cent value through the Citi ThankYou travel portal for my next redemption.

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