Thankyou Points -> Cash
Jul 28, 2010, 4:47 pm
#1
Original Poster
Join Date: Aug 2008
Posts: 109
Thankyou Points -> Cash
If I can't get the retention department to offer me anything (strike 1 on my first attempt), I need to redeem my points and cancel before the $125 annual fee hits.
What's the best way to convert my Thankyou Points to cash and get the best return?
I have about 170,000 points.
Buy some GCs and sell them? Citi Gift Card and 14,000 points per $100 (I hope I can do better than that)?
What else?
What's the best way to convert my Thankyou Points to cash and get the best return?
I have about 170,000 points.
Buy some GCs and sell them? Citi Gift Card and 14,000 points per $100 (I hope I can do better than that)?
What else?
Last edited by lexluthor; Jul 28, 2010 at 5:00 pm
Jul 28, 2010, 7:09 pm
#3
Join Date: May 2003
Location: Slightly to the left of center
Posts: 3,475
To buy you some time... check with Citibank, they usually have a grace period where the annual fee can be refunded after it hits your statement ~20 days. Then redeem your TYP, wait a few days, then cancel card + refund of annual fee.
Jul 28, 2010, 7:45 pm
#4
Join Date: Oct 2007
Location: USA
Programs: UA (1K, 2MM), AA, Avis, National
Posts: 867
There is a long thread on fatwallet: http://www.fatwallet.com/forums/finance/596403/ on this.
GCs or travel through Expedia are popular options.
GCs or travel through Expedia are popular options.
Jul 28, 2010, 7:45 pm
#5
Original Poster
Join Date: Aug 2008
Posts: 109
Yes, I think they said 30 days.
I don't need to buy airfare/hotel and I doubt I'll find anything expensive I need to cash out.
With the limited time I have, I'm just looking for the best way to quickly cash out and turn the points into the maximum cash I can.
Any other ideas?
I don't need to buy airfare/hotel and I doubt I'll find anything expensive I need to cash out.
With the limited time I have, I'm just looking for the best way to quickly cash out and turn the points into the maximum cash I can.
Any other ideas?
Jul 29, 2010, 11:16 am
#6
Join Date: Aug 2004
Programs: Delta Platinum, HH Diamond
Posts: 362
LandsEnd gift cards can be used at Sears and K Mart, and K Mart will let you use these to buy other gift cards for restaurants, hotels, phone cards, air travel, itunes, etc. The $100 card is 10K points, which is the best redemption rate you can get w/TYN.
Jul 29, 2010, 11:55 am
#7
Original Poster
Join Date: Aug 2008
Posts: 109
So you are saying I can get Lands End gift cards, take them to Kmart and use them to buy any of the cards that they have on those racks of GCs that are typically in stores?
I guess that's not bad. I'd have to see what's available.
What about selling Gift Cards on the net? What kind of return can I expect? Better than just cashing out at 14,000 points per $100 for a Citi Visa?
Any other ideas on how to cash out quickly?
I guess that's not bad. I'd have to see what's available.
What about selling Gift Cards on the net? What kind of return can I expect? Better than just cashing out at 14,000 points per $100 for a Citi Visa?
Any other ideas on how to cash out quickly?
Last edited by lexluthor; Jul 29, 2010 at 12:03 pm
Jul 29, 2010, 1:23 pm
#8
Join Date: Apr 2004
Location: NYC
Programs: Avis PP, Hertz 5*, HH Gold
Posts: 167
Take a look at another Fatwallet thread, which might be helpful
Jul 31, 2010, 9:43 am
#10
Join Date: Feb 2008
Location: CHS
Programs: Delta, AA, BA, United, Hyatt Globalist, Hilton Honors Diamond, SPG Marriott Gold, Sixt Platinum
Posts: 1,142
Marriott gift cards.
You could get 17 $100 Marriott Hotel gift cards. They don't expire for a long time, maybe never.
They are handy to have for a future trip, and your stay will earn Marriott points.
They are handy to have for a future trip, and your stay will earn Marriott points.
