Editor’s be aware: Citi is a TPG promoting associate.
Cardholders of the Citi Strata Premier℠ Card (see charges and costs) simply acquired some detrimental information. Due to FrequentMiler for breaking the information.
Many Citi Strata Premier cardholders at the moment acquired an e-mail indicating that the money again redemption of their ThankYou factors will likely be decreased from 1 cent per level to 0.75 cents per level. This modification goes into impact as of Aug. 24, 2025.
It’s a blow to one of many greatest journey rewards playing cards on the market, however maybe its impression is perhaps restricted for a lot of cardholders who as an alternative favor to switch their factors to the ThankYou program’s airline and lodge switch companions.
The e-mail
Apparently sufficient, it appears as if not all cardholders of the Strata Premier acquired an e-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, however it’s not the primary one we’ve seen recently, as Citi devalued Emirates Skywards factors transfers final month.
Cardholders of different Citi playing cards, together with cash-back ones just like the Citi Double Money® Card (see charges and costs), don’t appear to have acquired an e-mail.
That might be unusual to see, contemplating the Double Money is marketed as incomes double money again. That’s as a result of it’s marketed as incomes as much as 2% on each buy with limitless 1% money again if you purchase, plus a further 1% as you pay for these purchases. If these factors out of the blue are usually not price 1 cent apiece, then the cardboard’s worth proposition modifications solely. There’s no 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 fee of 1 cent apiece to a mere 0.75 cents apiece.
Nonetheless, you’ll be able to persistently get higher worth out of your Citi ThankYou factors by transferring them to this system’s many airline and lodge companions, together with Air France-KLM Flying Blue, Singapore Airways KrisFlyer and Wyndham Rewards, amongst many others.
Primarily based on crowdsourced knowledge on the TPG crew, 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.
When you favor utilizing your Citi ThankYou factors for money again or accomplish that on a case-by-case foundation, carrying a card just like the Citi Double Money might make sense in the long term, given this alteration. 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 growth is a major downside for individuals who favor redeeming their ThankYou factors for money again. Even when you didn’t obtain an e-mail detailing this alteration, make sure to verify your Citi account when logging in so that you don’t miss any bulletins.
As of now, nevertheless, that is simply one other devaluation to hit the Citi Strata Premier, and I can’t assist however surprise if that is Citi’s means of organising their lineup of ‘Strata’ playing cards for an upcoming card or an overhaul of their current cash-back card lineup.
Associated: Finest cash-back bank cards