Cardholders of the Citi Strata Premier℠ Card simply bought some destructive information. Due to FrequentMiler for breaking the information.
Many Citi Strata Premier cardholders in the present day acquired an electronic mail indicating that the money again redemption of their ThankYou factors can be diminished from 1 cent per level to 0.75 cents per level. This modification goes into impact as of Aug. 24, 2025.
It is a blow to one of many best travel rewards cards on the market, however maybe its influence is perhaps restricted for a lot of cardholders who as an alternative desire to switch their factors to the ThankYou program’s airline and hotel transfer partners.
The e-mail
Apparently sufficient, it appears as if not all cardholders of the Strata Premier acquired an electronic mail. A number of different TPGers and I didn’t, however senior editorial director Nick Ewen acquired the e-mail. Here’s what it stated.
This comes as fairly a shock, but it surely’s not the primary one we have seen recently, as Citi devalued Emirates Skywards points transfers final month.
Cardholders of different Citi playing cards, together with cash-back ones just like the Citi Double Cash® Card, don’t appear to have acquired an electronic mail.
That will be unusual to see, contemplating the Double Money is marketed as incomes double cash back. That is as a result of it’s marketed as incomes as much as 2% on each buy with limitless 1% money again while you purchase, plus a further 1% as you pay for these purchases. If these factors instantly will not be price 1 cent apiece, then the cardboard’s worth proposition modifications completely. There is not any indication that can occur, although.
Wanting forward
For now, the cash-back redemption possibility for some Citi Strata Premier cardholders has diminished by 25%, from with the ability to redeem their ThankYou factors for money again at a charge of 1 cent apiece to a mere 0.75 cents apiece.
Nonetheless, you may constantly get higher worth out of your Citi ThankYou factors by transferring them to this system’s many airline and resort companions, together with Air France-KLM Flying Blue, Singapore Airways KrisFlyer and Wyndham Rewards, amongst many others.
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Based mostly on crowdsourced knowledge on the TPG workforce, it looks like cardholders and not using a Citi cash-back card linked to their Citi Strata Premier are the one ones affected. For now.
Should you desire utilizing your Citi ThankYou factors for money again or achieve this on a case-by-case foundation, carrying a card just like the Citi Double Money might make sense in the long term, given this modification. Barring that, make any cash-back redemptions you meant to together with your Citi ThankYou factors forward of the Aug. 24 deadline.
Backside line
This improvement is a big downside for many who desire redeeming their ThankYou factors for money again. Even in the event you didn’t obtain an electronic mail detailing this modification, be sure you verify your Citi account when logging in so you do not miss any bulletins.
As of now, nevertheless, that is simply one other devaluation to hit the Citi Strata Premier, and I am unable to assist however marvel if that is Citi’s method of organising their lineup of ‘Strata’ playing cards for an upcoming card or an overhaul of their current cash-back card lineup.
Associated: Best cash-back credit cards
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