thankyou points

Citi ThankYou Points May or May Not Be Valuable in the Future

At Points Envy, we have in the past redeemed Citi ThankYou points exclusively for steakhouse gift cards. After consuming more than $30,000 worth of steak and fine wine in the last two years, we were just as excited as the rest of the frequent flyer community when Dan’s Deals reported earlier this week that ThankYou points would, starting April 1, transfer to British Airways and Singapore Airlines at a 1:1 ratio. Of course, that rate is before Citi’s vicious tax on points, which effectively reduces the ratio to -3:1. Still, the possibility of redeeming ThankYou points for airline miles was intriguing, and the announcement was met with great celebration here in the office.

The following morning, we were greeted with champagne hangovers and the distressing news that Citi representatives had asked Dan to remove the story from his blog. It has since become clear that there is confusion even within Citi as to whether the points will be transferable to BA and Singapore, with Citi’s PR team denying any transferability while sales representatives continue to tell customers that the points will turn into anything the customers want them to.

If you ask us, we think it is clear that Citi has not been receiving enough applications for its ThankYou Premier card and decided to make up for it by playing an April Fool’s joke on people’s credit. We respect their cunning but will not succumb to their bait-and-switch. Maybe one day ThankYou points will get us a suite on a Singapore Airlines A380, but until then you can find us in the VIP section of our local Ruth’s Chris.

April Fools!