Cit ThankYou Points Devaluation

Old Jun 30, 07, 6:48 am
  #1  
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Cit ThankYou Points Devaluation

Well it looks like the ride for Thank You Points is over. They have increased the number of points required for most tickets and have also put a dollar cap . The fine print says that the point levels are correct as of July 15th, 2007 so maybe we can use the old chart till then. I certainly hope so!

COACH
Flights Starting Points Ticket Value (in Dollars)
Continental US & Alaska and Canada 20,000 Up to $400 in value
Mexico and Central America 45,000 Up to $900 in value
Hawaii and Caribbean 50,000 Up to $1,000 in value
Europe 60,000 Up to $1,200 in value
Puerto Rico to US (48 States) 40,000 Up to $800 in value
Middle East and Africa 80,000 Up to $1,600 in value
Asia 80,000 Up to $1,600 in value
South America 60,000 Up to $1,200 in value
Australia and South Pacific 100,000 Up to $2,000 in value


BUSINESS CLASS
Flights Starting Points Ticket Value (in Dollars)
Continental US & Alaska and Canada 90,000 Up to $2,700 in value
Mexico and Central America 120,000 Up to $3,600 in value
Hawaii and Caribbean 140,000 Up to $4,200 in value
Europe 180,000 Up to $5,400 in value
Puerto Rico to US (48 States) n/a n/a
Middle East and Africa 200,000 Up to $6,000 in value
Asia 240,000 Up to $7,200 in value
South America 180,000 Up to $5,400 in value
Australia and South Pacific 180,000 Up to $5,400 in

These point levels are current as of July 15th, 2007, however, since point levels are subject to change please contact a ThankYou Network Travel Specialist for the most current point pricing.

Last edited by piyush; Jul 1, 07 at 7:57 pm
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Old Jun 30, 07, 7:46 am
  #2  
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Originally Posted by piyush View Post
Well it looks like the ride for Thank You Points is over. They have increased the number of points required for most tickets and have also put a dollar cap . The fine print says that the point levels are correct as of July 15th, 2007 so maybe we can use the old chart till then. I certainly hope so!

COACH
Flights Starting Points Ticket Value (in Dollars)
Continental US & Alaska and Canada 20,000 Up to $400 in value from 25,000 points
Mexico and Central America 45,000 Up to $900 in value from 35,000 points
Hawaii and Caribbean 50,000 Up to $1,000 in value from 40,000 points
Europe 60,000 Up to $1,200 in value from 60,000 points
Puerto Rico to US (48 States) 40,000 Up to $800 in value from 40,000 points
Middle East and Africa 80,000 Up to $1,600 in value from 80,000 points
Asia 80,000 Up to $1,600 in value from 60,000 points
South America 60,000 Up to $1,200 in value from 60,000 points
Australia and South Pacific 100,000 Up to $2,000 in value from 100,000 points


BUSINESS CLASS
Flights Starting Points Ticket Value (in Dollars)
Continental US & Alaska and Canada 90,000 Up to $2,700 in value from 60,000 points
Mexico and Central America 120,000 Up to $3,600 in value from 60,000 points
Hawaii and Caribbean 140,000 Up to $4,200 in value from 75,000 points
Europe 180,000 Up to $5,400 in value from 165,000 points
Puerto Rico to US (48 States) n/a n/a
Middle East and Africa 200,000 Up to $6,000 in value from 130,000 points
Asia 240,000 Up to $7,200 in value from 165,000 points
South America 180,000 Up to $5,400 in value from 160,000 points
Australia and South Pacific 180,000 Up to $5,400 in from 180,000 points

These point levels are current as of July 15th, 2007, however, since point levels are subject to change please contact a ThankYou Network Travel Specialist for the most current point pricing.
I've added the previous (current?) point levels to your table ...

Well, so much for that ... I was saving up for two Biz class tickets to Hawaii, but this makes the cards next to worthless for that, might as well just use a regular mileage program.
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Old Jun 30, 07, 8:58 am
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wow wow wow!

well we all knew it was coming sooner or later... too good to last. still some possibilities and the value isn't bad (up to 2 cents each) but a lot of the flexibility which made this program rock is gone now.
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Old Jun 30, 07, 9:00 am
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Any confirmation if the old values hold until July 15?
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Old Jun 30, 07, 9:33 am
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With the Thank You point fixed flight point option being devalued it sure makes the BOA Accolade Card look much better. And considering BOA will waive the annul fee and give you the same benfits with $200K assets vs $500K(possible discount and not full waiver) and BOA hard dollar limits being 50% higher for World Points fixed point redemtion. The only thing making Citi Thank You Program even worthwhile is the fact you can earn more than 1 point per dollar in many more places than with BOA card who only gives 2 points per dollar spent on travel expeness. Combine the flight points with the fact you can earn more than 1 point per dollar allows you earn a min of 2 points per dollar anywhere as long as you buy airline tickets.
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Old Jun 30, 07, 10:18 am
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After my initial disappointment, after giving this a bit more thought, I have actually decided that the TYP program is still a very good deal ... not as great as it used to be, but since I will continue to earn a minimum of 2 TYP per dollar on my PPE card plus I have the mtvU card, it will still work out well for me, especially once you consider we earn miles on the free travel they provide. The only real problem with the new chart is the $400 cap on domestic tickets, that's just way too low.
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Old Jun 30, 07, 11:07 am
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Will be watching this closely. Was using TYP for my primary points card, will consider jumping back to an airline points card now...
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Old Jun 30, 07, 11:14 am
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Originally Posted by NWAOldtimer View Post
This morning I booked a flight DTW-SLC for 25000 TY points plus taxes

The rep has heard about point changes but not about dollar limits. In any case they didn't apply today because the NW receipt lists the base fare as $1007.

I also burned most of my remaining TY points for 2 X 60000 point tickets DTW-EZE in January. I suspect that once they start down this slope, TY points will be like airline FF miles and devalue with time.
Thanks for the data point. I will probably call in the next day or two and get a few tickets booked!
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Old Jun 30, 07, 11:15 am
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Originally Posted by psychtobe View Post
Beckles and piyush, this probably deserves a thread of its own.
Originally Posted by jeelele View Post
Has anyone started a new thread for TYN chnages? If yes, can you provide a link to that thread?
I will pm a mod and ask them to seperate out the last few posts of this thread into a new one!
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Old Jun 30, 07, 11:35 am
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It appears to me the biggest problem with the new rules is that you will have to book way in advance whether you are flying coach or business to get within the price limits. Even then, I would think the international business fares at those limits are going to be hard to find.
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Old Jun 30, 07, 11:53 am
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Originally Posted by Beckles View Post
After my initial disappointment, after giving this a bit more thought, I have actually decided that the TYP program is still a very good deal ... not as great as it used to be, but since I will continue to earn a minimum of 2 TYP per dollar on my PPE card plus I have the mtvU card, it will still work out well for me, especially once you consider we earn miles on the free travel they provide. The only real problem with the new chart is the $400 cap on domestic tickets, that's just way too low.
Asia 240,000 Up to $7,200 in value from 165,000 points
South America 180,000 Up to $5,400 in value from 160,000 points
Australia and South Pacific 180,000 Up to $5,400 in from 180,000 points



...?? Id like to know how to get a J ticket to OZ for less than 5400USD... ITS IMPOSSIBLE!!!

What a pain the a$$... who's bolting? Ive amassed circa 345K... of TYN. WHAT NOW?????????

writetorich, must say you were right...
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Old Jun 30, 07, 11:56 am
  #12  
mia
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Originally Posted by Beckles View Post
...real problem with the new chart is the $400 cap on domestic tickets, that's just way too low.
As of July 15, 2007, for this option it takes only 20,000 points for flights in the continental U.S. and Alaska, up to $400 in value. There are more destinations in the chart.... if the ticket you want is over $400 in value, simply redeem 5,000 more points for an incremental $50 in ticket value, up to a maximum of 8 increases per ticket. Since these point levels are subject to change, for the most current point levels please contact a ThankYou Network Travel Specialist.

"If the ticket you want..." suggests that the cardholder may be able to choose specific flights, subject only to the cap, rather than Expedia choosing the least expensive flights without regard to carrier, routing or times.

Last edited by mia; Jun 30, 07 at 2:26 pm
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Old Jun 30, 07, 12:22 pm
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Originally Posted by upgrader View Post
It appears to me the biggest problem with the new rules is that you will have to book way in advance whether you are flying coach or business to get within the price limits. Even then, I would think the international business fares at those limits are going to be hard to find.

Additionally, you pretty much have to fly out of and in to major airports. Good bye to smaller airports! I am not liking the changes at all!
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Old Jun 30, 07, 1:41 pm
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A TYP agent confirmation

I was just told that they will honor current redemption levels for bookings made BEFORE July 15th even if flights are AFTER July 15th.

But always remember YMMV
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Old Jun 30, 07, 1:43 pm
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Originally Posted by Beckles View Post
After my initial disappointment, after giving this a bit more thought, I have actually decided that the TYP program is still a very good deal ...
I agree. We all knew the hammer was going to drop at some point. I'm just glad that they didn't switch to an exclusively variable-point redemption framework which was my biggest fear. While it was nice to be able to get 5 cents/pt or more redemptions under the old system, this new system seems much more sustainable. And up to 4% back on all PP/PPElite spending (2 pts/$, up to 2 cents/pt) still seems like the best deal out there. I'm a big believer in point diversification, and TY Network points still have a valuable place IMHO. Then again, I fly in/out of major airports, so this doesn't hit me nearly as hard as others here.

One question is whether the dollar caps refer to total price (including taxes) or just the base fare. Should be the latter hopefully.
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