Citi ThankYou Rewards Offer $20 TurboTax Savings

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Last updated on March 8th, 2023

Citi is making tax season a little more rewarding thanks to a $20 statement credit for TurboTax. The new, limited-time promotion seeks to help alleviate any stress around accounting for planned (or unplanned) changes to finances because of the coronavirus pandemic.

Save Up to $20 On Tax Prep with Citi ThankYou Rewards

The coronavirus has added an extra layer of stress to tax season – already a period of worry for millions of Americans. The pandemic has altered personal finances in many unforeseen ways, meaning the 2021 tax season will likely be one of the most confusing on record for filers.

Citi is seeking to help alleviate those concerns by offering statement credits for ThankYou Rewards cardmembers. Eligible Citi ThankYou Rewards cardholders can now save up to $20 on their tax preparation software with TurboTax through the April 15th tax deadline.

In addition, eligible cardmembers (including those with a Citi Prestige® Card, Citi Premier® Card and Citi Rewards+® Card) who opt to pay for TurboTax with PayPal will also have the option to redeem ThankYou Points when checking out to pay for all or part of their purchase.

About Citi ThankYou Rewards

ThankYou Rewards is the rewards currency of premium Citibank credit cards. ThankYou points apply towards the following redemption options:

  • Cash Back: Cash back applies to cash rewards, statement credits, and mortgage and student loan payments for Citi loans.
  • Gift Cards: Citi rewards apply to gift cards from over 100 leading retailers and brands.
  • Shopping: Cardholders can use ThankYou points to shop with Amazon, Best Buy, Expedia, PayPal, or 1-800-Flowers.
  • Charity: Cardholders can also use their points to donate to the American Red Cross or Smile Train.

ThankYou Rewards points also apply to travel bookings through the Citi ThankYou travel portal. Reservations can be made through the portal for flights, hotels, cruises, and rental cars. Points also apply to select activities. The two premium Citi travel cards, the Citi Premier® Card and the
Citi Prestige® Card, offer the best value when booking travel (up to 1.7 cents per point).

Citi’s Response to the Coronavirus Pandemic

Over the last year, Citi has been evolving its ThankYou Rewards program to reflect the ever-changing needs of consumers in the current landscape, including introducing an option to Shop with Points at the Pump in October of 2020. This exciting new offer provides another avenue for customers to redeem points where, and when, it matters most.

About Citi

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: New Citi ThankYou Shop with Points Gas Promotion

Featured photo by Sarah Pflug / Burst

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About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

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