Citi has discontinued the option to redeem ThankYou points toward getting a check toward your mortgage or student loan payment. This has long been the steady way to get $.01 cent per point on Citi ThankYou points and has now been discontinued.
Some Citi cards, like the Premier, offer the ability to redeem directly at 1:1 toward a statement credit or direct deposit or regular check. At one point they began offering that ability even on some no-fee cards like the Preferred, then they corrected that. Even now, someone with just the Preferred card or AT&T card will not be able to get more than .5 cents per point when redeemed for cash, and the mortgage option is no longer around. However, many of us have the Premier card or Double Cash card or possibly others which enable the ability to combine points and then redeem for straight cash at 1 cent per point, even on cards like the Preferred or AT&T which don’t offer that directly.
Hat tip to reader Selby
