QueenInTheNorth wrote:I was looking at Citi ThankYou cards, and it looks like you only get half value for cash back? Am I understanding that right? To get $50 cash, you need 10,000 points, which would get you $100 cash back with other cards.
I already have the Double Cash Citi card, and you get 2% cash back, and that has no annual fee. Why would anyone pay $95 for the Thankyou premier when you get more cash for a card that costs $0? I was thinking that a card with an annual fee would be an upgrade, but I guess not?
Thanks for shedding light on this, if you can.
TY Premier is, as you say, a poor value if you want to redeem your rewards as cash back. If you redeem for travel, though, the points are worth more (and can be potentially worth much more if you transfer the points to airline programs).