The Basics of Citi ThankYou Points

Welcome back! Let’s continue our series on the types of credit card reward programs frequented by travelers. In this series, we are looking at:

An introduction to credit cards frequented by travelersAmerican Express Membership RewardsChase Ultimate RewardsCapital One RewardsMarriott Bonvoy (coming soon)

In this article, we’ll look at the basics of Citi ThankYou points.

As with the other credit card programs we’ve discussed, Citi offers cards which earn transferable points as well as cards earning cash back. Citi points are called ThankYou Points, or TYP for short.

Should You be Tempted by Chase’s “Pay Yourself Back” Offer?

Chase is offering a new way for Sapphire card holders to redeem their Ultimate Reward (UR) points. But does it make sense for you? Let’s move about the socially-distanced cabin and take a look.

What is it?

Chase has dubbed it the “Pay Yourself Back” feature. It allows Sapphire card holders to redeem their points for a statement credit. Another way to look at it is as a purchase eraser.

As with redeeming UR points in the Chase travel portal, the redemption rate will depend on which card you have.

Earn 5x Miles at Restaurants & Movie Theaters This Summer

If you haven't already, register your Chase Freedom to earn 5x Ultimate Rewards at restaurants and movie theaters this summer that you can transfer (circuitously) to United, Korean, British Airways, Southwest, Virgin Atlantic, Flying Blue, and Singapore miles.

The Chase Freedom is different than the Chase Freedom Unlimited card

If you register by September 14, 2017, your Freedom purchases will earn 5x on the first $1,500 spent at restaurants and movie theaters from July 1 (retroactively) through September 30, 2017.

Here are the other bonus categories for all of 2017:

Although the chart says 5% cash back, you actually

Activate Your Freedom 3rd Quarter 5x at Gas Stations Today

Chase Freedom is offering 5x Ultimate Rewards at gas stations and Kohl's stores from July 1 - September 30, 2014. You must activate those category bonuses, and you can do so now.

(It's too late to activate the 5x at restaurants that runs through June 30. If you haven't hit $1,500 in restaurant spending yet, buy some gift certificates to your favorite places.)

The Freedom markets itself as a cash back card, but it actually earns Ultimate Rewards that do NOT transfer to airline or hotel partners like United and Hyatt.

3x Miles on Lufthansa Card Purchases at Grocery Stores (& More Barclaycard Category Bonuses!)

The offers for the cards listed in this post have expired, so their links have been removed. Click here for the top current credit card sign up bonuses.

The 50k mile bonus offer is back on the Lufthansa card mentioned in this post until 6/30/14.