Citi ThankYou Select and Credit

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
5 posts
samhradh
Centurion Member
Centurion Member
 
Posts: 388
Joined: Thu Nov 21, 2013 1:13 pm
Location: United States

Citi ThankYou Select and Credit

Postby samhradh » Tue Feb 11, 2014 8:53 pm

Those of us familiar with the TY rewards program know it pales in comparison to other programs and CB rewards. However, my Forward was my first card and I have over 70K TY pts I am saving until I figure out what to do with them. Once in a while I log-on to TY with the hopes an opportunity will present.

Today I noticed a feature on the ThankYou rewards site I hadn't seen before: Select and Credit. Essentially it allows you to select recent charges made to your card in certain categories and then redeem TY points as a statement credit to offset the charges. In Citi's words:
Now you can use ThankYou® Points for statement credits equal to the dollar amount of your recent eligible Citi credit card transactions for dining, entertainment, utility bills, gas, grocery, and drug store purchases.


I was able to select purchases made as far back as 12/30/13. According to Citi's FAQ the purchases must have been made within the current credit card billing cycle.

My purchases add up to $92.30, which requires 12,302 TY points. Not sure how Citi figures that's an even point for dollar exchange. They're doing some generous rounding and/or the language they use to describe the exchange rate is misleading. Either way, if I did the redemption, it equates to a .007 return. That's .002 better than the return on a $100 statement credit.

Considering my Forward has the old 5 pts per dollar at restaurants/book stores/music stores, it seems Select and Credit is the best way to redeem TY points. What do you all think?
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).


FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Wed Feb 12, 2014 10:46 am

I still think that redemptions for gift cards are the best use of TY points.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

samhradh
Centurion Member
Centurion Member
 
Posts: 388
Joined: Thu Nov 21, 2013 1:13 pm
Location: United States

Postby samhradh » Wed Feb 12, 2014 12:29 pm

FutureBillionaire wrote:I still think that redemptions for gift cards are the best use of TY points.


If you can find the right gift cards, sure. I tend to spend at small, local restaurants and stores so I've yet to find a gift card appealing to me. A .75 cent per point valuation is the best cash rate I've seen (mortgage/student loan checks aside).
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

Gamma
Centurion Member
Centurion Member
 
Posts: 464
Joined: Sat Sep 15, 2012 1:15 am
Location: Los Angeles, CA

Postby Gamma » Wed Feb 12, 2014 4:21 pm

Redeem for Wal-Mart gift cards and use those gift cards to buy visa gift cards online.

Nucstorm
Green Member
Green Member
 
Posts: 19
Joined: Thu Dec 19, 2013 2:23 pm
Location: Maryland

Postby Nucstorm » Wed Feb 12, 2014 4:34 pm

Gamma wrote:Redeem for Wal-Mart gift cards and use those gift cards to buy visa gift cards online.


They allow you to do that? Most places don't let you buy GCs with GCs.



Return to “Rewards”

Who is online

Users browsing this forum: No registered users and 0 guests