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The are plenty of better options for redeeming your hard-earned points than exchanging them for products — laptops, televisions, luggage and more — but if we’re not going to stop you from giving up incredible trips in favor of getting free iPads, Bose headphones and stainless steel cookware sets, you might as well save a bit on those redemptions.
Through November 20, Citi is offering Citi Prestige cardholders an opportunity to save 30% on all merchandise “purchased” with ThankYou points. There are actually some decent options — in most cases, you’ll get more than 1 cent per point in value, but if you have a Citi Prestige card, you’ll always get a better deal redeeming ThankYou points for travel on American Airlines, where you get 1.6 cents in value, and those tickets earn miles, too.
If you’re going the merchandise route, you might as well do it before November 20. For example, my favorite laptop, Apple’s new 12-inch MacBook, will run you 120,800 points instead of the usual 172,700. The same computer will cost you $1,299 purchased from Apple, plus another $100 or so in taxes. Assuming a total price of $1,400, you’re getting 1.16 cents in value from this redemption.
While the main sale only runs through November 20, Citi’s also running a Cyber Monday sale from 9am to 11:59pm ET on November 30 where you can save up to 50% when you redeem for “stuff.” For example, during that sale, you can get a Samsung Galaxy Tab 4 (normally $180 plus tax) for 12,400 points. Assuming a total price of $200, that’s 1.6 cents per point, the same value you’ll always get when redeeming for AA flights.
Ultimately, you’ll get a much better deal redeeming ThankYou points for travel, but if you do plan to use your points to stock up on holiday gifts, now’s the time to do it.
Citi Prestige® Card
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|N/A||15.74%* (Variable)||$450||0%||Excellent Credit|