Efficient way of monetising my visa points

Daedalus on 15/06/2016 - 18:51

I have 100k visa points using a citibank credit card.

On the Citibank rewards page, the gift cards and cashback options value each point at 0.25 cents to 0.5 cents per point, which seems low.

What is the easiest way of monetising my 100k points? I am happy with 1 cent per point. I know there are many sites with complicated methods to get discounts off flights, upgrades to flights etc but they are complex and are dependent on me being able to transact during a sale period.

I do not want to use my points to buy things which I normally won't buy. I would prefer cash, grocery or fuel gift cards.

I am open to selling my points. Is there a secondary market to sell points?

Financial

Comments

  • Holysmoke on 15/06/2016 - 19:54

    You would have to transfer to Velocity and then sell from there but selling frequent flyer points comes with its own risks as well.

  • bluedufflecoat on 16/06/2016 - 08:40

    I'm not advocating selling points..

    I think Citi CC points now convert to Velocity at a rate of 2 citibank points = 1 Velocity point, which means that even if OP sells at 1c per Velocity point it's still 0.5c per Citibank point. Same outcome as redeeming for gift cards perhaps.

  • tuvz on 17/06/2016 - 00:54

    Whats the conversion rate to krisflyer?

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