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[YMMV] Citi ThankYou® Points¹ - use 20% fewer points for a Lowe's gift card²

+23 Deal Score
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Received email from Citi with subject "Convert your cash rewards to points to enjoy this special offer"
Convert your cash rewards to ThankYou® Points¹ and use 20% fewer points when you redeem for a Lowe's gift card²
Time for a DIY project?
Convert your cash rewards to ThankYou Points and use 20% fewer points on a Lowe's gift card f r o m 0 7 / 0 9 / 2 0 2 1 , 1 2 a . m . E T t o 0 7 / 1 3 / 2 0 2 1 , 1 1 : 5 9 p . m . E T .²

I don't see what is the maximum amount allowed in email Frown


https://www.citi.com/login?nextRo...2Fcallback
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[YMMV] Citi ThankYou® Points¹ - use 20% fewer points for a Lowe's gift card²
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Joined Nov 2014
L4: Apprentice
> bubble2 352 Posts
660 Reputation
Pro
pierf87
07-09-2021 at 07:25 AM.
07-09-2021 at 07:25 AM.
I received this email as well. I'm a little nervous about converting rewards to points because other than these sales I would obviously much rather have the cashback. Citi says once you convert you can't go back. I'm not sure if a one time 20% discount is worth not having the cashback option anymore. Does anyone know if my assumptions are true or experience?
Reply
Joined May 2015
L5: Journeyman
> bubble2 639 Posts
1,380 Reputation
addictedsaver
07-09-2021 at 09:08 AM.
07-09-2021 at 09:08 AM.
Quote from pierf87 :
I received this email as well. I'm a little nervous about converting rewards to points because other than these sales I would obviously much rather have the cashback. Citi says once you convert you can't go back. I'm not sure if a one time 20% discount is worth not having the cashback option anymore. Does anyone know if my assumptions are true or experience?
you can cash out points for statement credit. and you will continue earning cash back with your card.
Reply
Joined May 2017
L2: Beginner
> bubble2 44 Posts
57 Reputation
TJG1
07-09-2021 at 10:01 AM.
07-09-2021 at 10:01 AM.
Quote from pierf87 :
I received this email as well. I'm a little nervous about converting rewards to points because other than these sales I would obviously much rather have the cashback. Citi says once you convert you can't go back. I'm not sure if a one time 20% discount is worth not having the cashback option anymore. Does anyone know if my assumptions are true or experience?
It just means that after you convert the cashback to points, you can't convert the points back to cashback. You will still continue earning cashback on your card (if you normally do). Also, you can choose how much cashback you want to convert to points, you don't have to convert all of it.
Reply
Joined Jul 2007
Hello World!
> bubble2 501 Posts
890 Reputation
maveriq
07-09-2021 at 01:04 PM.
07-09-2021 at 01:04 PM.
Anything I could do with $1600 in Lowes GC to get $1600 in cash?
Reply
Joined Oct 2007
L10: Grand Master
> bubble2 12,667 Posts
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arribasn
07-09-2021 at 01:46 PM.
07-09-2021 at 01:46 PM.
Quote from maveriq :
Anything I could do with $1600 in Lowes GC to get $1600 in cash?
Doubt it, 10-20% discount on Lowe's GCs is common out there and you can't buy visa or other GCs with Lowe's GC anymore
Reply
Last edited by arribasn July 9, 2021 at 01:51 PM.
Joined Jul 2017
New User
> bubble2 274 Posts
116 Reputation
arl16
07-09-2021 at 10:56 PM.
07-09-2021 at 10:56 PM.
If you have Citi Rewards+ Credit Card, you also get a 10% bonus each time you use TYP. So this effectively becomes 30% redemption discount. Great deal given that Citi Removed 1.25 Travel redemption on TYP
Reply
Joined May 2016
L6: Expert
> bubble2 1,604 Posts
393 Reputation
njguy545
07-09-2021 at 11:20 PM.
07-09-2021 at 11:20 PM.
Quote from maveriq :
Anything I could do with $1600 in Lowes GC to get $1600 in cash?

You can package it with a $500 AGC and I'll give you 1600 cash
2
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Joined Feb 2006
L10: Grand Master
> bubble2 19,681 Posts
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tenderidol
07-09-2021 at 11:23 PM.
07-09-2021 at 11:23 PM.
Quote from njguy545 :
You can package it with a $500 AGC and I'll give you 1600 cash
This sounds like the offers you get from Craigslist lowballers laugh out loud
Reply
Joined Nov 2010
Hustler
> bubble2 240 Posts
61 Reputation
davital
07-10-2021 at 01:04 AM.
07-10-2021 at 01:04 AM.
Quote from addictedsaver :
you can cash out points for statement credit. and you will continue earning cash back with your card.
Yes, you can redeem for statement credit or direct deposit BUT every $1 earned will only be worth $0.5 - $1 (depending on the card)
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Joined Oct 2011
L4: Apprentice
> bubble2 461 Posts
78 Reputation
pokepud3
07-10-2021 at 01:50 AM.
07-10-2021 at 01:50 AM.
Thanks got a Lowes GC for future use.
Reply
Joined Nov 2015
L5: Journeyman
> bubble2 968 Posts
211 Reputation
stevenSDer
07-10-2021 at 03:39 AM.
07-10-2021 at 03:39 AM.
Quote from arl16 :
If you have Citi Rewards+ Credit Card, you also get a 10% bonus each time you use TYP. So this effectively becomes 30% redemption discount. Great deal given that Citi Removed 1.25 Travel redemption on TYP

What's TYP?
Reply
Joined Nov 2011
L5: Journeyman
> bubble2 920 Posts
66 Reputation
jep08
07-10-2021 at 05:19 AM.
07-10-2021 at 05:19 AM.
Quote from stevenSDer :
What's TYP?

It's Thank You Points from Citi
Reply
Joined Nov 2014
Darth Jar Jar
> bubble2 428 Posts
181 Reputation
Vorter
07-10-2021 at 06:50 AM.
07-10-2021 at 06:50 AM.
Is there any point in keeping the cash back (Double Cash) or should I just convert to TYP?
Reply
Joined Mar 2008
L6: Expert
> bubble2 1,717 Posts
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earthdogmonster
07-10-2021 at 07:18 AM.
07-10-2021 at 07:18 AM.
Quote from tenderidol :
This sounds like the offers you get from Craigslist lowballers laugh out loud

Sorta, but also I would figure the Lowes GC has a discounted value of at .8 or less of face value, so if you were going to "private sale" a Lowes GC, realistically you would I think $300 or more off of a $1600 card would make sense. AGC discounts are a lot less. I probably wouldn't take the offer the other user made, but It is maybe $100 off of what I figure would be a fair offer - not exactly lowball.
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