Last updated on April 27th, 2022
Citi is emailing cardholders with a special discount on gift cards when using ThankYou reward points – but for one day only. Here is what we know about Citi’s ThankYou Points gift card promotion:
20% Extra Value for Gift Cards On November 30th
Citi is offering cardholders 20% more value when redeeming their ThankYou points for select gift cards on November 30th. The issuer is notifying eligible cardholders of this offer via email, with the official language stating, “Use 20% fewer points on select gift cards.”
Increased Value On Gift Cards
Redeeming reward points for gift cards typically offers lower value-for-money than other award options, such as travel. The additional 20% one-day offer from Citi, however, increases that value to approximately 1.25 cents-per-point. This new, one-day valuation means that a $125 gift card will be available for what would typically cost $100 in points.
While Citi offers a vast selection of gift cards to choose from (a full list is available here), the options that apply towards the 20% discount are limited:
- Happy Dining
Eligible Citi Credit Cards
Not all Citi credit cards earn ThankYou rewards. Currently, only four cards earn points through the program:
If you hold one of these cards, check your associated email to see if your card is eligible for the 20% discount offer.
Citi, a leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries worldwide. Citibank is the fourth-largest bank in the U.S. by total assets – and the third-largest issuer of credit cards. Over 68 million Citi credit cards are currently in circulation, including co-branded credit cards with names like Bloomingdale’s, Macy’s, American Airlines, and more.
Related Article: Citi Announces New Holiday Shopping Cash Back Offer