Citi devalues ThankYou points. Transfers to Shop Your Way lose 20% bonus.


For many years, whether you had a premium card or a fee-free card that earned Citi ThankYou Rewards points, you could transfer Citi ThankYou points to Shop Your Way at a rate of 1 to 12.  This meant that every dollar worth of Citi points (100 Thank You points) transferred to $1.20 in Shop Your Way points (1200 Shop Your Way points).  Despite this bump, this transfer option was unexciting because Shop Your Way points came with many limitations.  Recently, though, it became possible to use Shop Your Way points to buy merchant gift cards.  This made it possible to get 20% more value from Thank You points by transferring first to Shop Your Way and then by using those Shop Your Way points to buy gift cards.

Sadly, there’s no point in doing so anymore.  Citi has quietly dropped the transfer ratio to 1 to 10.  This is true regardless of whether you have premium cards or fee-free cards.  This means that each $1 in Citi points is worth $1 in Shop Your Way points.  That’s a bad deal.  With an even exchange, I’ll take Citi points over Shop Your Way points any day of the week.

For a brief time, you could increase the value of your Citi ThankYou points by transferring to Shop Your Way and then by buying gift cards. Citi has sadly slammed shut this option now that the transfer value is 1 to 1

Hat Tip: Reader Miz


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