DoctorBuzz

Looking for a 1c per point transaction, even if it's just gift cards.

I think there's also an option to redeem the points toward a single purchase on my statement... but I'm not sure whether my accumulated points need to be less than or greater than that single purchase. I'm also not sure if I even get a 1c valuation this way...

Any ideas before I cancel this card (ideas that don't involve travel, at least)?

mia

The redemption value of points depends on the card that you hold, and you haven't told us the name of your card. What redemption values do you see when you login to thankyou.com?

DoctorBuzz

Well... it appears that for statement credits, each point is only worth half a cent. Gift cards appear to be a 1:1 ratio.

And the "Select and Credit" feature I was referring to is somewhere between half a cent and 1c per point. I don't have any purchases on my statement to try it out, but in Citi's video they made.... the example female in the video was perhaps getting 0.7c valuation per point??? And apparently, you must have enough points to cover the entire transaction. So if I were to make a $57 transaction, 5700 points wouldn't cover it because I actually need 50% more points (or something to that effect).

The card I have is the Access More card. I used it just to sell an iPhone 7. This was one of my more lucrative cards, even if it did require a couple more hoops to jump thru.

I guess I should just stick to $50 in gift cards?? And perhaps make a couple $1 or $2 purchases to handle the remaining 700 points...

garykung

Yes.

Redeem the rest through Amazon.

username

I now have a lot of points expiring on 12/31 and wonder too. I earned from the banking side and don't really have their credit card. I also have more hotel/airline points than I can use. So, it seems merchandise is the option? It seems they are all mostly 1 point = 1 cent, right? No way to turn into Amazon credit (that I can use later), right?

Thanks.

garykung

TY points earned through banking are not transferable.

I could be wrong. But I believe you can.

bobert24

You can't buy Amazon gift cards directly, but you can buy gift cards to Best Buy, Home Depot, Staples, and Target, which all sell tons of different types of gift cards. I'm not sure if Best Buy still does, but they used to carry Kindle gift cards, which are just Amazon gift cards under another name. Or if you're like most of us, Target gift cards are the same as cash, just like Amazon.

brajalle

You can redeem for a mortgage or student loan check also at 1c.