Citi thank you redemptions plan

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I didn't see this discussed as it's own topic elsewhere...

Citi's Thank You Redemptions program

SEE HOW MANY POINTS YOU CAN GET!!!

We're all familiar with
The rewards cards are automatically enrolled in this program and the points you get with those cards are these same points.
Rewards cards are:
Citi® Diamond Preferred® Rewards Card
CitiBusiness® Card with ThankYou NetworkSM
AT&T Universal Rewards Card
Citi® PremierPassSM Card
Citi® PremierPassSM Card - Elite Level
CitiBusiness® PremierPassSM Card
mtvUTM Platinum Select® Visa® Card
Citi Driver's Edge Card**

You can also earn points from your banking accounts just for having these accounts- but you have to call to enroll. If you already have an account Call 1-866-701-4984.
Banking products include:
Direct Deposit
Savings/Money Market
CDs
Online Bill Payment
Checking Plus®
Ready Credit®
Personal Loan
Home Equity Line
Home Equity Loan
Mortgage

For example, I have a checking, savings, checking plus, and online bill payment so I get 200 points/month with no additional fees or requirements.

"Here's the best part. The points you get with your credit card and banking relationship can be combined,** so it's easy to get the rewards you want, even sooner."from site

(Aproximate dollar value of points based on rewards: 100pts = $0.50-1)
**see below

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dolmar said: <blockquote><hr><br><br>2. "Everything Counts" account will waive the Quicken monthly service charged on mo... (more)

billrubin (Oct. 12, 2005 @ 1:40p) |

billrubin said:<br><hr></blockquote>However, you get 300 Thank You points each month you do a bill payment. So unless yo... (more)

dolmar (Oct. 12, 2005 @ 2:34p) |

should i open a citi 9month cd acct now, or wait till the next fed interest rate hike?<br><br>and how soon after the rat... (more)

yurgreat (Oct. 18, 2005 @ 3:15p) |

If anyone is interested in a savings account, maybe to waive monthly fees on EZ checking...

e-savings account 3% is now live! ^_^
savings

Point Table: link

Misc. info intro: https://www.thankyouredemptions.com/AboutAccounts.htm

Points Calculator
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[Q](Aproximate dollar value of points based on rewards: $1 = 200 pts)

If you redeem every time you hit 1,000 points then you're right, you only get a $5.00 gift card. But 5,000 points gets you a $50.00 gift card, so the value is really $1.00 per 100 points. So you take a big hit if you're impatient.

workingonit said: [Q][Q](Aproximate dollar value of points based on rewards: $1 = 200 pts)

If you redeem every time you hit 1,000 points then you're right, you only get a $5.00 gift card. But 5,000 points gets you a $50.00 gift card, so the value is really $1.00 per 100 points. So you take a big hit if you're impatient.

Yep, $50 for 5000 points or $100 for 10000 points. I've got the Citi Driver's Edge card (OP, please add this one to your list), getting 5 points for every dollar spent (for the first 9 months or so)....I normally get a free $100 gift card every 1 to 2 months just for buying all the stuff I normally buy each month on my credit card !

this seems pretty good since all the citibank cards i have, free points would be nice, must look into this abit more

remove

the list of credit cards is taken from the website. the driver's edge card is not listed there.

remove

jimbocobb said: [Q]dagr8vik said: [Q]the list of credit cards is taken from the website. the driver's edge card is not listed there.

Well, I can tell you from experience that it was added (to the thankyouredemptions list) several months ago. I'm using it.

jimbocobb said: [Q]jimbocobb said: [Q]dagr8vik said: [Q]the list of credit cards is taken from the website. the driver's edge card is not listed there.

Well, I can tell you from experience that it was added (to the thankyouredemptions list) several months ago. I'm using it.

It is in Driver's Edge Terms and Conditions.

I was able to enroll in the program with a regular Citi Platinum Select card.

Anyone have any idea how many points a mortgage is worth? Mine got bought out by citimortgage, but I can't see a conversion on the site for it.

-Mike

Well, I called on that.

Apparently, I still need a checking account in order to put on the mortgage. Even though I already have my drivers edge card linked up.

And the mortgage is worth a whopping 100 points/month. So an extra buck/month.

Unless I do a citi promo here for signup cash (which I'll eventually do once I stop being lazy), I don't think it's worth it.


-Mike

I am extremely pleased with the thankyouredemeptions. They sent me gift cards each time. When I redeemed my 5000 points for Staples I recd a $50 Staples gift card with no expiration and no limitations.

In comparison American Express rewards program sent me a $50 off $50 coupon which must be used within 6 months and cannot be combined with any other instant saving coupon and a lot of other limitations. WTF!!


MOZZY said: [Q]I am extremely pleased with the thankyouredemeptions. They sent me gift cards each time. When I redeemed my 5000 points for Staples I recd a $50 Staples gift card with no expiration and no limitations.

In comparison American Express rewards program sent me a $50 off $50 coupon which must be used within 6 months and cannot be combined with any other instant saving coupon and a lot of other limitations. WTF!!

Whoa... How'd you already get so many points already? The program has just been going for a few weeks, right? Or has the program been going on with the credit cards, and the new program that is open to everybody is the one that just started a few weeks ago?

If I enroll in this Citi's Thank You Redemptions program with my citi card, would I still be able to get the Cash Back reward from my citi card?

Thanks!

[Q]Whoa... How'd you already get so many points already? The program has just been going for a few weeks, right?

Citi's "Diamond Preferred" card has been around at least since January; and the AT&T Universal "Rewards" card (which is actually another Citibank card) has been around at least since Sept. '04. Both of these give "Thank You Redemptions" points.

Nice thing about this program is that they've always been very prompt in mailing out the gift cards when I've called to redeem my points.

Each of these cards was advertised in those newspaper inserts, so I guess that's considered "available to everyone."

I am a big fan of the Thank You rewards program, I use it on my Citi Diamond Preferred Rewards card and have been happy with it so far. The only thing I am not happy about is I just called up to enroll my checking, savings, checking plus accounts in the network and attach it to my Diamond card rewards account, but they wouldn't let me. They set up a seperate one for that, which I wasn't too fond of. But whatever, I'll take free points for doing my everyday banking.

kenshintkd said: [Q]If I enroll in this Citi's Thank You Redemptions program with my citi card, would I still be able to get the Cash Back reward from my citi card?

Thanks!

No, you can either have CashBack or Thank You points, not both.

I have the AT&T Universal card that awards points. I would rather have the Cash Back option, but I think the only way to switch would be to apply for a new card. It does say say on the rewards page -

"In the future, you may be eligible to change rewards programs and/or enroll in additional programs with this card."

So I'm hoping I'll be able to switch sometime in the future without applying for another card.

i doubt you'll ever be able to trade in points for cash outside of the points system. The thank you points themselves can be traded in for a statement credit within the thank you points plan at a rate of 100pts = 50cents (the lower limit of points value).

If you have student loans you can get checks to pay those off at a rate of $100 for 10K points.

agentjfong said: [Q]Whoa... How'd you already get so many points already? The program has just been going for a few weeks, right? Or has the program been going on with the credit cards, and the new program that is open to everybody is the one that just started a few weeks ago?

It takes your current balance of the CCs that it links to your SSN. When I signed up yesterday, it found my drivers edge card, and gave me ~30,000 points. Since I have approx $300 in rewards earned on the card, that sounds right.

It did NOT find my cash rewards card. Which is fine, I suppose.

Now, i dunno if those rewards were "transferred" to the thankyourewards, or if they are just summed up and pooled in real time. But I can always use Home Depot cards anyway, so it really doesn't matter.

-Mike

dagr8vik said: [Q]i doubt you'll ever be able to trade in points for cash outside of the points system. The thank you points themselves can be traded in for a statement credit within the thank you points plan at a rate of 100pts = 50cents (the lower limit of points value).

I don't have any points to trade - I never use the card. I would if it offered Cash Back. Right now the only card I use for rewards is my Chase Disney Visa which is $100.00 = $1.00 (disney rewards points)

dagr8vik said: [Q]i doubt you'll ever be able to trade in points for cash outside of the points system. The thank you points themselves can be traded in for a statement credit within the thank you points plan at a rate of 100pts = 50cents (the lower limit of points value).

Yea that's my biggest complaint about the thank you network, you don't get Cash Back. There's also no bonus for going through their network. You'd be nuts to redeem your points for a statement credit (17,000 points for $100 credit). If I can get a $100 gift card by spending $10k on my Diamond Preferred Rewards Cards or get a $100 check by spending the same amount on my Platinum Select Dividend, I'm choosing the latter.


is there any fixed number of points for online bill payment or it can be variable depending how much I pay ?

[Q] doubt you'll ever be able to trade in points for cash outside of the points system. The thank you points themselves can be traded in for a statement credit within the thank you points plan at a rate of 100pts = 50cents (the lower limit of points value).

When I applied for my Driver's Edge, they said I'd have to close one of my other Citi cards first and I chose the Diamond Preferred. I had 1,000 points on that and the guy offered to convert those points to a $50.00 credit on the Driver's Edge card. So I said, "But wouldn't 1,000 points be worth a $100.00 gift card?" He put me on hold for awhile and then gave me the $100.00 credit. So in some cases at least, it can be done.

[Q]If I can get a $100 gift card by spending $10k on my Diamond Preferred Rewards Cards or get a $100 check by spending the same amount on my Platinum Select Dividend, I'm choosing the latter.

Sure, till you max out the cash-rebate card. Then those points start looking decent.

Edit: what I meant to say was, till you max out the $300.00/year cash rebate on your Platinum Select card.

workingonit said: [Q]
Sure, till you max out the cash-rebate card. Then those points start looking decent.

Edit: what I meant to say was, till you max out the $300.00/year cash rebate on your Platinum Select card.

Eh, then I use my other Cash Back cards like Discover, etc. With all the options out there, cards like this one that basically make you get gift cards are my last resort.

Also (the reason i made the post)is that this can be superior to the dividend card because you get points for checking!!!

so yes, instead of cash you get points (which obviously are only potentially worse than cash), but you can combine these points with free points for checking services. so suppose you have various checking services and you spend 5k a year on your cc.

Dividend card = 5K * 1-5% = $100 CASH

Diamond points card = 5K *1-5% = 10,000 points + checking 200points/month *12 months = 2,400 points = 12,400 points or maximally a $124 POINTS

The point is- depending on your circumstances (if you would use the cash to get something points could get you, like GCs, pay down student loans, etc, how many checking services you get points for,etc) the diamond card MIGHT be better than the dividend card

and if you're gonna use this as a backup, after you max out dividend cash rewards, why not just get another dividend card? can't you have more than one of the same card?

I think this is a great deal. For both the consumer and Citibank.

Citibank gets the consumer to increase number of different services that Citi provides, and the consumer gets a little "carrot" (of course it could be better rewards, but that fact is that Citi is one of the first to give points for checking, CDs, Savings, etc). If this leads to more competition, it will benefit us.

I call yesterday to enroll (since I had a citibank ez account, for the ipod mini of course<img src="i/expressions/face-icon-small-smile.gif" border=0> and had invested the min 1500 balance in CDs. I also have to do bill pay (again b/c of the ipod mini offer). I linked this account to my other bank account (which the CSR said electronic deposited counted as direct deposit, not sure if she had correct info). Anyways, after all this, I have like 5 services that they provide... and I will be getting about 150 points each month. She said more information will be mailed, so i can't wait to find out.

And all this is just BONUS for me, I mean I opened citibank ez account for an ipod, and now the gift keeps giving <img src="i/expressions/face-icon-small-smile.gif" border=0> Combine with my Credit cards with them, and the points could add up fast.

dagr8vik said: [Q]Also (the reason i made the post)is that this can be superior to the dividend card because you get points for checking!!!


Yea sorry if it sounds like I was thread crapping. <img src="i/expressions/face-icon-small-blush.gif" border=0> This is good deal for people who have multiple bank accounts with a CC at Citi.

I'm just concerned Citi will move all their cards to this reward system (no bonus for buying something from their network merchant, penalized for statement credit), which I think is bad for consumers as it promotes more spending rather than saving. I can see how the thank you system is good for them, they pay out the same amount in gift card as they would normally in cash but they get some sort of referral kickback from their thank you network affiliates.

more info on the points for checking-
it seems it's a little exponential so getting additional services could be real hot!
for example, a CD and checking plus are free 'services' that could give you an extra ~200 points/month free!

fixed link to points structure

you also get points for debit card purchases;
1/2pt per $1 on signature purchases
1/3pt per $1 on PIN purchases

personally- i'm switching from the dividend to the diamond thank you points as my preffered card

[Q]The only thing I am not happy about is I just called up to enroll my checking, savings, checking plus accounts in the network and attach it to my Diamond card rewards account, but they wouldn't let me. They set up a seperate one for that, which I wasn't too fond of. But whatever, I'll take free points for doing my everyday banking.

When I enrolled my checking account etc. in the plan, the CSR told me that although the points are accumulated separately from the CC points, they can be merged at the time of redemption. So if you have 2500 points from the banking services and 2500 points from the card(s), you can redeem them all for a $50 gift card.

drrrr.. I have been with Citi for over 10 years and I just found out about this program!!!
I guess I should pay more attention to the things they send me.
Thanks to everyone.. I just signed up.

it's a pretty recent program so don't feel bad <img src="i/expressions/face-icon-small-wink.gif" border=0>

INFO: The increase in points for additional services is stepwise-exponential so additional services can add as many as 200-300 points/month.
CDs have a minimum deposit of $500 and the 9 month is giving 3.25%
They are also linked to your other accounts so it's pretty convenient.

Here's my setup: (service, cost)
The citibank account (checking, $6000 min balance including 0% cit CC BT), $0
Checking Plus account, $0
Money market savings account, $0
CD, $500 at 3.25% yield
Online Bill Payment, $0
Direct Deposit, $0

Total cost- $500 in a 9 month cd at 3.25%
Total points- 400/month

If you order a gift card with them, how long does it usually take to receive it?

Does anyone know if getting Cash Back with a purchase on your debit card is counted as part of the purchase?
If so, this could be super-free points for using your debit card to 'withdraw' money...

i'm giving it a try but we might have to wait a while to see how it goes

So 2 separate CDs count for 2 'products and services' or just one, since they are all CD after all?

mister2cool said: [Q]drrrr.. I have been with Citi for over 10 years and I just found out about this program!!!
I guess I should pay more attention to the things they send me.
Thanks to everyone.. I just signed up.

This program just started i believe 3 weeks ago. I could be wrong but they just started to advertise it lately.

Skipping 27 Messages...
should i open a citi 9month cd acct now, or wait till the next fed interest rate hike?

and how soon after the rate hike does citi bump it's rates up?



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