Originally Posted by
dmitri
A 25% discount actually means each point would be worth $0.0133.
Yes, and that's the value I have seen on my own exploration of the redemption engine, but my speculation is that (if anything) Citi only intends to raise the redemption value to $0.0125 to match American Express and Chase, but the implementation has been botched.
The programmers messed up. They wrongly thought the 25% increment on the 0.01 means the same thing as a 25% reduction from the ticket price. Going up from a 1, does not equal to coming down from a 1, percentage-wise. I have seen people constantly trip on this type of math.
