Cardholders of the Citi Strata Premier℠ Card simply obtained some unfavourable information. Due to FrequentMiler for breaking the information.
Many Citi Strata Premier cardholders as we speak obtained an e mail indicating that the money again redemption of their ThankYou factors shall be decreased 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 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
Apparently sufficient, it appears as if not all cardholders of the Strata Premier obtained an e mail. A number of different TPGers and I didn’t, however senior editorial director Nick Ewen obtained 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 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 obtained an e mail.
That might 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 all of the sudden will not be value 1 cent apiece, then the cardboard’s worth proposition modifications solely. There isn’t any indication that can 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 fee of 1 cent apiece to a mere 0.75 cents apiece.
Nonetheless, you possibly can constantly 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.
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Primarily based on crowdsourced information on the TPG staff, it looks as if cardholders with no Citi cash-back card linked to their Citi Strata Premier are the one ones affected. For now.
In the event you 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 could make sense in the long term, given this modification. Barring that, make any cash-back redemptions you meant to along with your Citi ThankYou factors forward of the Aug. 24 deadline.
Backside line
This improvement is a major disadvantage for many who want redeeming their ThankYou factors for money again. Even for those who didn’t obtain an e mail detailing this modification, you should definitely examine 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 can not assist however marvel if that is Citi’s manner of organising 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