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ThankYou Rewards is the name of Citibank's own rewards program. ThankYou Rewards Guide.

• ThankYou points can be transferred to many different frequent flyer programs. his gives you the flexibility to take advantage of award space on over a hundred different airlines. In many cases, you can choose to book a flight through one of several different partner programs, allowing you to take advantage of whichever program requires the fewest miles and fees for your trip.
• ThankYou Rewards occasionally offers promotional transfer bonuses. When the promotion is active, you'll get extra airline miles when you transfer your ThankYou Reward points to a specific airline. For example, if Citibank is offering a 40% bonus for British Airways, you'll receive 14,000 British Airways points for every 10,000 ThankYou points you transfer. See Take Advantage of Transfer Bonuses to Get More Value from Your Reward Points for more information or visit Frequent Miler’s Current Transfer Bonuses page for a list of current (and past) promotions.
• You can also "cash out" your points at 1 cent each. Citi Premier and Prestige customers can very easily convert their points to cash.
• If you have the no-annual-fee Citi Rewards+ card, you get a 10% rebate on your points redemptions. This is capped at to your first 100,000 points of redemptions each year. For example, if you transfer 50,000 points to British Airways, you'll get 5,000 points back. This gives you an easy boost of 11% to point values, regardless if you convert your points to frequent flyer tickets or cash them out.
• We value ThankYou points at 1.5 cents each. Because you can take advantage of award space and "sweet spots" from many different frequent flyer programs and the occasional transfer bonus, ThankYou points are generally worth more than any single type of airline miles. If you highly valuable premium-cabin award tickets, ThankYou points are worth even more. But because Citibank has a weaker set of airline partners, ThankYou points are typically somewhat less valuable than Membership Rewards points. On the other hand, if you expect to be able to take advantage of Turkish Airlines awards for domestic and Hawaii travel on United Airlines, they may actually be more valuable the other types of bank points. How Much are Points Worth?
• If you aren't comfortable using your points for frequent flyer tickets, they are only worth 1 cent each. Unlike Chase's Ultimate Rewards, transfer rates for hotel programs aren't very attractive, there are no fixed-value airline partners (like Southwest), and there is no cash out option for greater than 1 cent per point.