Citibank Rewards points...What do you guys do with it?

tsunamisurfer on 06/04/2020 - 13:41

Hi all,

I have the Citi Signature Visa (fee free), and have accumulated just over 200k over the years. In the past I have just used it to redeem gift cards but now it's even more expensive, I seldom check my rewards.

I then checked the Merchandise section, and the cupboard is rather bare. Eg. in the Tablets section there are 2 things, both tablet sleeves.

So what do other Ozb's use their Citi rewards on?

Shop direct with Kogan or Apple?? Flights? Transfer to Flybuys @ 1:1 ratio?

I think I might just transfer to flybuys as they have more stuff.

Financial

Related Stores

Citibank Australia
Citibank Australia

Comments

  • Tsuivan on 06/04/2020 - 14:14

    Usually transfer to Krisflyer or Velocity. I'd say the latter might be a bit more risky these days.

  • Archi on 06/04/2020 - 14:37

    I get the prepaid visa cards. but they removed those recently… so my last set of points I redeemed coles gift card

  • Domingo on 06/04/2020 - 15:05

    Good question, I have a similar balance.

    From an earning perspective, I cut over to the ANZ Black FF card so I'm hoping at some point that Citi will notice my spend has dropped to 0 and try to lure me back. Not cancelling the card because of the fee free for life, but not using it at all anymore.

    • tunzafun001 on 02/09/2020 - 01:14
      +1

      Hey bud, just an FYI. If you don't use the card for a few months Citi will automatically cancel it completely on you and you will lose the free for life perks (do a search on here as a few have been burnt). I put small amounts on it every few months to keep it alive.

      • Domingo on 02/09/2020 - 12:48

        Good intel - I have a few random things that still land on it now and then so still have small bills on it. "dropped to 0" was an exaggeration, but its a >95% drop in spending.

  • buckerooni on 06/04/2020 - 15:12
    +1

    disclosure I have done not research into this but I use them to pay off the balance, I assume this isn't the best value, but stops me hunting around for stuff I don't need. Would assume it's dollar for dollar with gift cards, if not a bit better (as there's no additional product to precure i.e. the gift card itself).

    • sssx on 16/06/2020 - 16:52

      FYI gift cards in $500 amounts look to be the best value of the 3 options I checked. Significantly better than cashback. Slightly better than 'pay your transactions'.

      • Direct 'cashback' credit to your CC gets you $0.0025 per point.

      • Pay for your transactions using points (as calculated on a few of my transactions) seems to get between $0.0039998812 and $0.0040000000 per point, with $0.004 seeming to be an upper limit.

      • Gift cards get you $0.00476 - $0.00479 per point:

      They've got most of the major stores in the gift cards. WISH, Coles, etc.

      • $50 gift card costs 10,500 points - gets you $0.0047619048 per point.
      • $100 gift card costs 20,900 points - gets you $0.0047846890 per point.
      • $200 gift card costs 41,700 points - gets you $0.0047961631 per point.
      • $500 gift card costs 104,200 points - gets you $0.0047984645 per point.
  • MeesusEff on 07/04/2020 - 05:12

    Coles gift cards for the parents!

  • arctan on 16/06/2020 - 19:24

    Krisflyer points for now.

  • furyou on 27/07/2020 - 10:52

    Best use of Citi points

    I have 1:1 so 20k pt = 2k flybuy = $100. That $100 is worth $96 to me due to discount
    so 20k = 96, $100 is 20833pt, very close to the 20900pt for $100 evouchers.

    of course some of those evouchers I could get discounts so I think the only use are some places that I can't such as
    bunnings
    jbhifi

    so I duno.. save up to $500 and get bunnings?

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