I just cashed out $550 for myself, and then remembered dad had a Citi Card with TYN and got $750 for him.

I called my bank (a local Federal Credit Union) and they said that having a check made out to them is fine, etc. So I just used that bank as my lending institution. (I actually have a 30k med school tuition loan through them too, so it works for that as well).

Hope everyone jumped on board.

coolpizza said:So after they removed the fixed point redemption for air tickets, is this SLR the best available option to utilize the points? thanksVariable point redemption for air travel is still $.01/point, so if you're going to buy the tickets anyway it's the same value (and less wait/hassle than the SLR).

With SLR's redemption values going to $100/14300 points, will mortgage payments stay at $100/12700 points? If so, does mortgage redemption work the same as the SLR process?

snova168 said:Like cbrunocme, I also call to redeem some TY points, and I was told by CSR that the change won't happen until July 5th, NOT June 5th.
So I think everyone can relax a bit.

The person I spoke with on the phone said that the change was occurring tomorrow.

titan01 said:I am still confused of what you can use the SLR for besides loan repayment as I see many of you guys doing.

The Best Way To Use ThankYou Points thread will give you some hints.

MochaChino said:snova168 said:Like cbrunocme, I also call to redeem some TY points, and I was told by CSR that the change won't happen until July 5th, NOT June 5th.
So I think everyone can relax a bit.

The person I spoke with on the phone said that the change was occurring tomorrow.

Looks like Citi CSRs themselves are not consistent with the date since I am pretty sure what I heard and I did double check and confirm with the CSR I talked to.
Maybe other members who called Citi about the date can chime in and comment on this date issue. I know it would make a different to my bottom line (I'll rack in quite a few TYP this month.)

tripleB said:You guys who are 10 points below the threshhold REALIZE you can BUY points - for something like $2 per point. May be worthwhile in some cases.

You can only buy them in chunks of 1000 for $25. Probably not worth it since $25 is the minimum redemption level.

thanks for the post OP! Just called and talked to a pretty chill dude. He totally knew why everyone was calling today. He said yes today is the last at this point value. They want to streamline all the cash like rewards to be the same and agreed this was the last 'nice perk' that the TYN had going. Also told me to feel free to post this info on the 'deal websites' (heh, there's only 2 I visit). right on everyone. thanks again for the info.

I redeemed yesterday but the TY website still shows the old redemption values - it may be July 5 after all, or they're just slow in updating the website (since you have to call to redeem anyways)

Except the new redemption rates are not the ones cited in the quick update -- they're equivalent to the mortgage redemption rates, which are all about $0.78 per point at or above $50.