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Convert Citi Dividend to Citi Thank You Preferred?

4,692 508 March 4, 2018 at 06:14 PM
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I received an email from Citi with an offer to convert Citi Dividend to Citi Thank You Preferred card. Curious if anyone has done this and why?

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Joined Nov 2005
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#2
I have a TYP that was once their Driver's card (which had EXCELLENT benefits). Nothing special about the card, gives TYP, which you can actually sell.
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Joined Jul 2012
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#3
i had a TYP and converted it to double cash, which has worked much better for our situation. i never sold any points, just cashed them out for various gift cards and barely netted 1%, so it was an easy choice to switch to double cash with the flat 2%. not sure if it's an option for you, though, or if it would work better for your spending.
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#4
FWIW MP2P is buying Citi TYP for $13/1k - better than par.
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#5
Mine used to be the Citi Home Card (rebates towards my citi mortgage)

I've had it since 2004 (2007 as TYP) I've never redeemed the 43k points. The card just sits in my wallet, no real incentive to use it.

They used to have shopping portal (sorta like discovers) that would net you 10 points/ per dollar at places like Under Armour. I'd use this card to do all my holiday shopping. That program ended like 2014, never really used it since.

What makes me laugh is that I'm always getting offers for Citi Simplicity- no interest, no late fees. I've been blessed that I haven't paid credit card interest in 20 years. I pay my cards off every weekly every Friday.
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#6
Quote from timbertdi
:
Mine used to be the Citi Home Card (rebates towards my citi mortgage)

I've had it since 2004 (2007 as TYP) I've never redeemed the 43k points. The card just sits in my wallet, no real incentive to use it.

They used to have shopping portal (sorta like discovers) that would net you 10 points/ per dollar at places like Under Armour. I'd use this card to do all my holiday shopping. That program ended like 2014, never really used it since.

What makes me laugh is that I'm always getting offers for Citi Simplicity- no interest, no late fees. I've been blessed that I haven't paid credit card interest in 20 years. I pay my cards off every weekly every Friday.

Their Driver's Edge card was killer. You got 6% back on gas/groceries (12% for the first year OMG ) and a penny per mile driven. The only catch was that you could only cash out for vehicle maintenance (need a receipt from a shop) OR purchase of a vehicle. The up side was that the purchase of a vehicle was any vehicle in the HOUSEHOLD. So, DW and I each had one. We both drove around 20k miles a year (~ $200); gas was more $$ back then too - running some quick numbers, at 12% I probably cleared like $350 for each card in that first year on gas alone. IIRC I cashed out a couple grand on each card at least a couple times. Those were the days....
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