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bedelman said:   I know that student loan and mortgage rebate checks must be made payable to financial institutions. Has anyone used Bank of America? Would the check read "Bank of America", "Bank of America Mortgage", or something else?

How about ETrade ? Fidelity?


I chatted w/ ETrade CSR; they said they can take a check made payable to ETrade BANK, but to put name/account number in the memo line. Going to try it.

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If you call Thankyou, you can redeem your points for Amazon gift cards at the regular 100 pts = $1 ratio. The phone rep told me that it's because online Amazon GCs are the main way for people to get money from a hacked account, supposedly.

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Just bought a flight for 49540 points instead of paying cash of $656. So about 1.3cents/pt, plus I earned lots of those points at 5x or 3x. This is since I've got the Citi Premier card, but I don't think I'll keep it once the annual fee comes due since I'm flying less and less.

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breaux124 said:   Just bought a flight for 49540 points instead of paying cash of $656. So about 1.3cents/pt, plus I earned lots of those points at 5x or 3x. This is since I've got the Citi Premier card, but I don't think I'll keep it once the annual fee comes due since I'm flying less and less.

You might reconsider. First, you may be able to get a retention offer to get the AF refunded. Even if not, consider that you need to redeem for only 1 ~$350 flight/year to break even on the AF (its $99 right I think?).

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kwest said:   breaux124 said:   Just bought a flight for 49540 points instead of paying cash of $656. So about 1.3cents/pt, plus I earned lots of those points at 5x or 3x. This is since I've got the Citi Premier card, but I don't think I'll keep it once the annual fee comes due since I'm flying less and less.

You might reconsider. First, you may be able to get a retention offer to get the AF refunded. Even if not, consider that you need to redeem for only 1 ~$350 flight/year to break even on the AF (its $99 right I think?).
The annual fee is currently $125.

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breaux124 said:   Just bought a flight for 49540 points instead of paying cash of $656. So about 1.3cents/pt, plus I earned lots of those points at 5x or 3x. This is since I've got the Citi Premier card, but I don't think I'll keep it once the annual fee comes due since I'm flying less and less.
For the past 2 years around time to pay the annual fee for my TY Premier card, I've called up and received 10,000 bonus points for $3000 of new spending. I use the card until I spend $3000. The 10,000 points is worth $133 in airfare and I also don't need to cash in all of my accumulated points (losing out on future airline savings). The $3000 spending at 1 point per dollar does cost me about $30 vs using my 2% CashBack Fidelity card, but it's close enough that it makes it worth keeping the card.

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motuwallet said:   well i just found what might be the most bizarre, if not best, way to use citi thank you points. "Saudi Arabia 8 Volume Set: Secret Intelligence Records 1926 1939" can be yours for 588,100 Pts ~ $5,881. sadly not even a good deal as it's available on Amazon at the discounted price of $4,700. (plus a $5 mp3 credit!)

Crap, I've been looking for the years 1940 and later...thanks anyway.

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anyone ever had trouble depositing mortgage or student loan rebate checks to usaa account? and do both of these checks look the same?

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No trouble with student loan checks to USAA. Do it all the time.

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Has anyone ever found a reward number (or whatever it's called) that works for ordering student loan or mortgage rewards online, or do you just call in to redeem like I do?

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dbond79 said:   Has anyone ever found a reward number (or whatever it's called) that works for ordering student loan or mortgage rewards online, or do you just call in to redeem like I do?

everything i've experienced has been call-in. i would pay a large percentage of my refund not to have to talk to the morons in customer no-service....

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hebron1427 said:   dbond79 said:   Has anyone ever found a reward number (or whatever it's called) that works for ordering student loan or mortgage rewards online, or do you just call in to redeem like I do?

everything i've experienced has been call-in. i would pay a large percentage of my refund not to have to talk to the morons in customer no-service....


You can pay 50% and get statement credit.

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What's the difference between mortgage checks and student loan checks?

I imagine they are exactly the same.
Mortgage checks dont have anything on them but the name of the bank you tell them when you ordered them...

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Was about to order one before I saw the redemption went up again. Last time it went down after going up, so will wait it out and hope for the same.

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KYBOSH said:   What's the difference between mortgage checks and student loan checks?

I imagine they are exactly the same.
Mortgage checks dont have anything on them but the name of the bank you tell them when you ordered them...

Same thing with student loan.

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My local Bank of America branch in MA would not permit me to deposit my student loan rebate check to my checking account. They stated they could only apply to a loan or credit card. Just FYI; hopefully only a 1 off situation.

Edit - Anyone used the BofA mobile check deposit app for these? I'm tempted so I don't have to deal with people.

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kwest said:   My local Bank of America branch in MA would not permit me to deposit my student loan rebate check to my checking account. They stated they could only apply to a loan or credit card. Just FYI; hopefully only a 1 off situation.

Edit - Anyone used the BofA mobile check deposit app for these? I'm tempted so I don't have to deal with people.


I've used it w/ Chase mobile deposit w/o a hitch. I even called and asked about depositing the check made out to them and they said to use an ATM or mobile deposit...

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kwest said:   My local Bank of America branch in MA would not permit me to deposit my student loan rebate check to my checking account. They stated they could only apply to a loan or credit card. Just FYI; hopefully only a 1 off situation.

Edit - Anyone used the BofA mobile check deposit app for these? I'm tempted so I don't have to deal with people.


Mobile app it and forget it.

Speaking of mobile apps... no one actually look at these check deposits unless something wrong with them right?
I thing the system looks for the amount, routing/checking numbers and whether its endorsed or not.

So maybe you can deposit a check made out to BoA into Chase... as long as the check clears no one will bother you about what's on the face of it right? The issuing bank doesn't selectively pay the bank who's name is on the check and reject others right?

Just a thought...

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kwest said:   My local Bank of America branch in MA would not permit me to deposit my student loan rebate check to my checking account. They stated they could only apply to a loan or credit card. Just FYI; hopefully only a 1 off situation.

Edit - Anyone used the BofA mobile check deposit app for these? I'm tempted so I don't have to deal with people.

I've been dropping the checks into my local BoA ATM (also in MA) and haven't had any issues.

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Can anyone confirm if the Citi ThankYou Preferred card is treated as a premium card that would make your ThankYou reward account eligible to redeem for flights at the $.0133 dollar per point value. MyMoneyBlog.com seems to think it is (http://www.mymoneyblog.com/best-value-citi-thankyou-points.html) but I would appreciate firm confirmation before wasting the hard pull on this card. The Preferred card is a no annual fee card, so it would be a nice, affordable way to get the premium status. Currently I just have the forward card, so I can't get the preferred flight redemption option.

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I think the reduced flight redemptions applies only to TY Premier due to its annual fee. However, the TY Preferred card is a Premium card as it is eaiser to redeem for gift cards (2500 pts to get $25 gift cards with a wider selection, as opposed to Forward's limited 10,000 pts for $100 gift cards).

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I have the Preferred Card, and I still get the extra 33% on flight awards even after I cancelled my Premier card. I don't know if that is by design, or they just forgot to flip a switch on my account.

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They forgot to flip a switch. I have a preferred and Forward. I used to have a Premier. The flight awards are 1cpp on my account.

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What if you have more than one Citi card? Since all the points get dumped into one TYP account how does one differentiate points that came from a premium card and ones that do not?

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^doesn't matter where the points came from, just what cards are associated with your TY account.

If I have 100k points that came from a Forward card, I can redeem them at the preferred rate as long as I have a Premier or Preferred card associated with the account. And it only matters which cards are associated at the moment of redemption. Make sense?

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Not sure if this is available to everyone, but I recently ordered four $100 Sunoco gas gift cards for 10,000 points each. Even if you have a 5% gas credit card, you're still effectively getting $0.0095 per point this way, and it's convenient, easy, and clean. Hard to beat that.

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Yes, if you have a premium card such as the TY Preferred and your Thank You accounts are merged together, then the rewards available would be the same selection and point value as if you only had the TY Preferred. The reduced Flight point redemption benefit only applies to TY Premier and the other annual fee TY card.

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kwest said:   My local Bank of America branch in MA would not permit me to deposit my student loan rebate check to my checking account. They stated they could only apply to a loan or credit card. Just FYI; hopefully only a 1 off situation.

Edit - Anyone used the BofA mobile check deposit app for these? I'm tempted so I don't have to deal with people.


I just did a test deposit for $25 with the mobile app and it looks like it cleared with no problems. It was made out to Bank of America and had just my name, no account number, in the memo line in case I had to take it to a branch and use it as a CC payment.

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Just cashed out $100 wally world GF for 10,000 points

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DTASFAB said:   Not sure if this is available to everyone, but I recently ordered four $100 Sunoco gas gift cards for 10,000 points each. Even if you have a 5% gas credit card, you're still effectively getting $0.0095 per point this way, and it's convenient, easy, and clean. Hard to beat that.
That's crazy. You are losing the additional 5% in opportunity costs when you don't use your 5 point rewards card on your next gas purchase.

will2013 said:   If you call Thankyou, you can redeem your points for Amazon gift cards at the regular 100 pts = $1 ratio. The phone rep told me that it's because online Amazon GCs are the main way for people to get money from a hacked account, supposedly.
Good to know! I'm still going to always use my Citi Forward 5% CB on bookstores at Amazon though, instead of a gift card. Thank you points are now built into Amazon, but it works out to be $1 for 120 points (the standard $50 for 6,000 points).


catanpirate said:   Just cashed out $100 wally world GF for 10,000 points
Best WalMart offer I have is $50 for 6,000 points.

I used to get Macys gift cards, but you can get them on other sites at a 10% discount, so once again there is a huge opportunity cost lost there. All that said, what is the best way to spend Thank You points these days? Thanks

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gunnmjk said:    All that said, what is the best way to spend Thank You points these days? Thanks
If you have a card that allows for the bonus redemption for airfare and you are ever going to fly, that's, by far your best way to redeem points.

You basically get a 25% discount. A $200 plane ticket would be around 15,000 points.

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Nevermind.

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gunnmjk said:   DTASFAB said:   Not sure if this is available to everyone, but I recently ordered four $100 Sunoco gas gift cards for 10,000 points each. Even if you have a 5% gas credit card, you're still effectively getting $0.0095 per point this way, and it's convenient, easy, and clean. Hard to beat that.
That's crazy. You are losing the additional 5% in opportunity costs when you don't use your 5 point rewards card on your next gas purchase.
The only place I ever shop where I can get a $100 gift card for 10,000 TYP is Staples, and I have Chase Ink that offers 5% back at office supply stores. So I can get those and it will take me 6-12 months or longer to spend the entire $400, or I can get gas cards and I'll use it much faster. Ordinarily I'd be getting shafted on the 5% either way, but I'm actually not in possession of a 5% gas card right now, so it's working out well for the time being. Figuring PJ used to buy $100 Staples gift cards for $84, getting $95 in gas is like a free $11 in my pocket.

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FYI just got an email that offers $50 Bed Bath and Beyond for 4,500 points...

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Smitty2000 said:   Can anyone confirm if the Citi ThankYou Preferred card is treated as a premium card that would make your ThankYou reward account eligible to redeem for flights at the $.0133 dollar per point value. MyMoneyBlog.com seems to think it is (http://www.mymoneyblog.com/best-value-citi-thankyou-points.html) but I would appreciate firm confirmation before wasting the hard pull on this card. The Preferred card is a no annual fee card, so it would be a nice, affordable way to get the premium status. Currently I just have the forward card, so I can't get the preferred flight redemption option.


MMB is wrong if that's what they state. You will need a card with an annual fee I believe.

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icecube said:   FYI just got an email that offers $50 Bed Bath and Beyond for 4,500 points...

I got that same email too. I have only been in that store one time in the past year. Still waiting for a promo to a store that I shop a lot.

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tjguitar85 said:   Smitty2000 said:   Can anyone confirm if the Citi ThankYou Preferred card is treated as a premium card that would make your ThankYou reward account eligible to redeem for flights at the $.0133 dollar per point value. MyMoneyBlog.com seems to think it is (http://www.mymoneyblog.com/best-value-citi-thankyou-points.html) but I would appreciate firm confirmation before wasting the hard pull on this card. The Preferred card is a no annual fee card, so it would be a nice, affordable way to get the premium status. Currently I just have the forward card, so I can't get the preferred flight redemption option.


MMB is wrong if that's what they state. You will need a card with an annual fee I believe.


TJ is correct, MMB is wrong.

That said, the premier is first year free, so when you are ready to redeem just apply then and downgrade to the preferred card when the annual fee comes up. Although be careful on the downgrade if you still have a lot of points, they points expire w/i 90 days if you cancel, not sure what happens on a downgrade.

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Can someone with access to their ThankYou points account provide me with the item number for the WalMart $100 gift card.

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Bocasva said:   Can someone with access to their ThankYou points account provide me with the item number for the WalMart $100 gift card.

ThankYou Rewards Item #: 1720454

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KChengCL said:   Bocasva said:   Can someone with access to their ThankYou points account provide me with the item number for the WalMart $100 gift card.

ThankYou Rewards Item #: 1720454


Thanks a lot.

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