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Citi double cash card - convert reward dollars to thank you points, and *possibly* use on Amazon - YMMV (not tested, just a theory)

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I could have sworn I saw a post for this, but my search came up empty. Oh well, repost police can come get me Smilie

Anyways, I just noticed the other day you can convert your Citi double cash card points to thank you points (1 dollar = 100 thank you points). Initially I ignored this since I do not think the thank you points will be a net benefit (however PLEASE prove me wrong!!!).

But this morning, I just realized that by converting the points to thank you points, you MAY become eligible for those Amazon promos where you use x amount of thank you points and get y amount of dollars off.

I was never able to take advantage of them because I did not have a thank you card. I am unable to test it out as I cashed out all my points yesterday, but next month I will give it a shot.

Anyways, I thought I would post this as a thought starter for anyone who does not have the thank you type card, but does have the double cash.

Enjoy!

Quote :
Your Citi® Double Cash Card now gives you access to a world of new redemption possibilities with ThankYou® Rewards¹

You've always earned great rewards with your Citi® Double Cash Card and now you can convert as little as $1 of your cash rewards to ThankYou® Points for even more redemption options.

$1.00 cash rewards = 100 ThankYou Points

This short video shows how to easily turn cash rewards into points!
For a version of this video that includes an audio description, click here.




thankyou from Citi®


Discover what your cash rewards can do as ThankYou® Points

As a Double Cash Cardmember you now have access to the ThankYou Rewards Program. Now you can use your ThankYou Points for purchases at Amazon.com or for statement credits at merchants like BestBuy.com®.
https://www.youtube.com/watch?v=f...e=youtu.be
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Our community has rated this post as helpful. If you agree, why not thank ?
#3
Why would anyone convert $ to points when you can just take $ and use the same $ to pay for credit card purchases at Amazon which gives another 2%?
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#4
Quote from gooruma
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Why would anyone convert $ to points when you can just take $ and use the same $ to pay for credit card purchases at Amazon which gives another 2%?
I was just thinking that you could now take advantage of the offers where you spend at least 1 thank you point and get X amt off . The link I posted was use one thank you point and get $15 off. For people who only have the double cash and not a "thank you" style card, I was thinking that you could now convert like 1 point and take advantage of those offers. SInce I do not have a thank you card, I can never take advantage of those offers.

I agree , however, that flat out converting is probably not a good idea.
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#5
Sigh, a deal alert for a theory thread.
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#6
Quote from ROKET
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Sigh, a deal alert for a theory thread.
Well, I am hoping SOMEONE can verify it Smilie Theoretically, it should work, since they do say you can use the points on Amazon. I just do not happen to have any points at the moment to verify. Also, the deal was two fold .

1. You can now convert rewards points to thank you points (meh deal, but may benefit someone)

2. I added the theory part to help people see how this *might* be useful to them.

Anyway, hopefully someone can add a data point to #2 to make my "meh" deal less "meh" Smilie
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#7
I converted $1 to 100 Thank you points and tried the $15 off $50 on Amazon but it did not work. But that promo was from like 2 months ago, so hopefully I can take advantage of this when it comes around the next time.

Thanks OP!
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#8
Member Since: Jun 2005

Roll Eyes (Sarcastic)
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Quote from avhokie
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Member Since: Jun 2005

Roll Eyes (Sarcastic)
Time flies ! Smilie

Again, to everyone hating on this deal...

Post is twofold.

1. You can convert citi rewards points to thank you points. Meh deal

2. Some of us (myself included) do not have a card with thank you points. Amazon/citi roll out deals from time to time where you can use 1 thank you point and get (for example) $15 off. I am theorizing that you MAY now be able to convert and use thank you points for these deals , even though you may not have the card. I do not have points, nor is there an active deal for the thank you points , but I thought I would post this as a thought starter for ways this deal might be useful. If it DOES work, then this deal goes from meh to much less meh, IMHO.

Anyways, thank you for taking the time to post!
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Quote from hle078
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I converted $1 to 100 Thank you points and tried the $15 off $50 on Amazon but it did not work. But that promo was from like 2 months ago, so hopefully I can take advantage of this when it comes around the next time.

Thanks OP!
Rep for the data point! Hopefully when the next one rolls around, we can test it out!
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#11
Got this targeted offer in my email today.

Here's Citi's description of it.
https://m.youtube.com/watch?v=fts...e=youtu.be
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#12
What is the advantage of converting to Thank You points?
Does the dollar value increase?
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#13
Unfortunately, this theory will not work. The terms state:

Quote :
Customers with an eligible Citi credit card issued in the U.S. that participates in Citi ThankYou Rewards can use their ThankYou Points
The key here is that you need a Thank You rewards card and even after this change the Double Cash remains a cash back rewards card. What Citi has done with this new offering is simply adding a new redemption option for the cash you earn in the form of Thank You points. The rewards as you earn them are still stored as cash and not Thank You points. The cash you convert transfers to a separate Thank You account that receives redemptions from your Double Cash account, but is not tied to your Double Cash card as that card still earns cash. The end result is that when you add the Double Cash card to you AZ account it will not register as a card that "participates in Citi Thank You."
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