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Citi Has A New Way to Redeem ThankYou Points

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Citi recently added another method for redeeming ThankYou points earned with cards like the Citi Prestige — but you might want to think twice before using it. Members will now be able to shop with an app called “Wonder,” which allows you to purchase digital gift cards with ThankYou points. As usual with gift card redemptions, the value of your points will be fixed and typically ends up not being the best deal.

citi-thankyou
You can redeem ThankYou points through the Wonder app.

For instance, 50,000 ThankYou points can be redeemed in the app for $400, translating to about 0.8 cents per point in value — not a great offer, in fact it’s only half of the 1.6 cents per point TPG lists out in his latest valuation of Citi ThankYou points. Alternatively, you could redeem 50,000 Citi ThankYou points for at least $800 with one of Citi’s partners like American Airlines and get substantially more value than you would with a gift card.

Ultimately, it’s probably best to skip this option. As with other gift card redemptions, you can get much more value by using your Citi ThankYou points for other purposes.

Citi Prestige® Card

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  • $250 Air Travel Credit each year, and receive a statement credit, up to $100 every 5 years, as reimbursement for your application fee for Global Entry or TSA Pre √®
  • 4th night hotel benefit for any hotel stay at hotels booked through the Citi Prestige® Concierge.
  • Earn 40,000 bonus points after $4,000 in purchases made with your card in the first 3 months the account is open.
  • Points are redeemable for a $532 flight on any airline or $400 in gift cards.
  • Transfer points to a variety of travel loyalty programs from airlines to hotels.
  • Earn 3x points on Air Travel and Hotels
  • Earn 2x points on Dining at Restaurants and Entertainment
  • 1 ThankYou® Point per $1 spent on other purchases
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 15.49%* (Variable) $450 0% Excellent Credit