Cardholders of the Citi Strata Premier℠ Card simply bought some damaging information. Because of FrequentMiler for breaking the information.
Many Citi Strata Premier cardholders right this 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 alteration 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 impression is likely to be restricted for a lot of cardholders who as a substitute want to switch their factors to the ThankYou program’s airline and hotel transfer partners.
The e-mail
Curiously 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 mentioned.
This comes as fairly a shock, but it surely’s not the primary one we have seen currently, 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 e-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 if you purchase, plus a further 1% as you pay for these purchases. If these factors instantly are usually not price 1 cent apiece, then the cardboard’s worth proposition adjustments solely. There isn’t any indication that may occur, although.
Wanting forward
For now, the cash-back redemption choice for some Citi Strata Premier cardholders has diminished by 25%, from having the ability to redeem their ThankYou factors for money again at a price 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 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 crew, it looks as if cardholders with out a Citi cash-back card linked to their Citi Strata Premier are the one ones affected. For now.
For those who want 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 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 big downside for many who want redeeming their ThankYou factors for money again. Even if you happen to didn’t obtain an e-mail detailing this alteration, you’ll want to verify your Citi account when logging in so you do not miss any bulletins.
As of now, nonetheless, that is simply one other devaluation to hit the Citi Strata Premier, and I can not assist however marvel if that is Citi’s manner of establishing their lineup of ‘Strata’ playing cards for an upcoming card or an overhaul of their present cash-back card lineup.
Associated: Best cash-back credit cards
