How to Use Citi ThankYou Points the Right Way
00:00:00.000 | So let's talk about Citi thank you points because they're really interesting.
00:00:03.260 | So first off, there's some bad ways to redeem them.
00:00:05.340 | If you redeem them as statement credits, you can get one cent.
00:00:08.200 | So it's not the worst, but I think transferable points are more valuable.
00:00:11.360 | But if you wanted to play this whole game with cash back, just assume every point is worth one penny.
00:00:16.280 | You can get one penny as a statement credit, or you can get one penny in the travel portal,
00:00:19.760 | or you can get one penny buying gift cards and some merchandise.
00:00:23.540 | But at the end of the day, I would always encourage you for the same rate of return.
00:00:27.380 | Get the cash, get the statement credit, pay off your balance, and then use the money saved
00:00:31.520 | and go buy travel with the airlines directly.
00:00:33.680 | Earn points on that travel by using the Citi premier card.
00:00:37.260 | Go buy gift cards somewhere else.
00:00:39.640 | Go buy merchandise somewhere else.
00:00:40.860 | So I would not use my Citi thank you points for anything other than statement credits
00:00:44.840 | or what I think is the best use, which is transferring them to airlines and hotels.