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Use Citi ThankYou Points for Minimum Due Card Payments

Last updated on August 28th, 2020

Citi ThankYou Points can now be used towards paying your Citi credit card’s minimum payment requirement. Here’s what you need to know about the bank adding credit card minimum payments as a ThankYou Rewards redemption option.

Citi Removes “Minimum Payment” Requirement for ThankYou Points Redemption

The Citi ThankYou Rewards Program has long offered the “Online Bill Pay with Points” redemption option. This redemption choice allows cardholders to use ThankYou Points to pay bills with other companies via a Citibank checking account.

Citi formerly did not allow cardholders to use ThankYou Points paying balances on Citi accounts, but this has changed because of the COVID-19 pandemic. Citi ThankYou cardholders can now redeem points towards statement credits to offset prior purchases. Additionally, Citi cash back rewards cardholders ( Including the impressive Citi Double Cash Card) can use their cash back to make their minimum due payment.

Statement credits still required a minimum payment on the credit card account. This is no longer the case, thanks to the new redemption option. This new perk, part of the broader COVID-19 relief packages the bank is offering, is a good choice for those who may find themselves struggling to meet minimum payment obligations and who have a stockpile of Thankyou Points that they can make use of.

The new program is for a limited time only, running through 11/07/2020.

Use ThankYou Points Towards Your Mortgage

The addition of ThankYou Points as redeemable towards Citi credit card statement balances is welcome – but not the best value for money. The ThankYou program offers better redemption value for things like travel and cash back, for instance.

Another excellent redemption option is using points towards mortgage payments, including minimum payments. Citi has long allowed cardholders to use rewards points to offset some costs for their mortgage payments, at a rate of one cent per point.

To use ThankYou Points towards your mortgage, call Citi customer service at 1-800-THANKYOU (1-800-842-6596). Citi will then send checks directly to your mortgage servicer. While mortgage payments are a lesser-known award option, it’s a helpful tip that can save you money every month. It is also essentially the same as the bill pay award option, as a cardholder selects a payee and Citi does the rest.

Other Citi ThankYou COVID-19 Changes

Citibank, along with Chase and American Express, is leading the way for card issuers in offering changes to their credit cards during the coronavirus pandemic. Citi previously added a charitable donations option to its rewards portal. The Citi Prestige and Citi Premier credit card range also enjoy new bonus categories due to the pandemic.

Related Article: COVID-19: New Citi Prestige and Premier Bonus Categories

About: Cory
Cory Santos

Cory is's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.