Last updated on April 27th, 2022
Credit card issuers are continuing to roll out new offers for credit cardholders impacted due to the COVID-19 (coronavirus) pandemic. Citi is the latest in this trend, with a special offer for select customers.
According to popular industry site Doctor of Credit, Citi is targeting select Citi Rewards credit cardholders for a special bonus offer. The card issuer is sending select recipients an email that offers 10X ThankYou points on:
To take advantage of the offer, recipients need to activate it via the email. The offer runs through August 31, 2020.
Citi Offer Restrictions and Limitations
Beyond the August 31st cut-off date, Citi also limits the 10x ThankYou points offer to the first 2,500 in eligible spending. While this means the bonus only applies to $250 in spending, 10X points is still an exceptional value for immediate needs. The other significant limitations include the exclusion of dining, cable, entertainment, and streaming purchases from receiving 10X points.
Citi Premier and Prestige Receive New Bonus Categories
The new 10X offer follows closely on the heels of another Citi credit card change. Last week the bank announced new bonus categories for the Citi Prestige® Card and Citi Premier® Card. The Prestige, the bank’s flagship card, now earns 5X points on drugstore, grocery, and other retailer purchases made online. This offer also runs through August 31, 2020. The Premier Card 3X earns points on groceries and restaurant purchases – though this is an ongoing feature.
About Citi ThankYou Rewards
Citi ThankYou points are the currency of the Citi Rewards program. ThankYou points offer considerable value, with a current valuation of approximately 1.7 cents/point. This valuation places them slightly behind Amex Membership Rewards and Chase Ultimate Rewards – but only just.
The following Citibank credit cards are eligible for ThankYou rewards:
- Citi Rewards+® Card
- Citi Premier® Card
- AT&T Access Card from Citi
- Citi Prestige® Card
- Citi Rewards+℠ Student Card
Rewards points are redeemable for a variety of categories, including cash back, gift cards, merchandise, charitable donations, and travel. Travel offers the best value, with 1:1 point transfers with 15 leading airlines, including Air France, KLM, JetBlue, Virgin Atlantic, and more.
Related Article: What Is the Average Credit Card APR?