Citi Thank You Premier Card 25% discount?

Discussion in 'Other Credit Card Programs' started by jstn, Apr 5, 2011.  |  Print Topic

  1. jstn

    jstn Active Member

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    Hey guys,
    I'm planning a vacation to Disneyworld in late Aug and I had some extra thank you points on the newly converted Thank you Premier card (I was switched over, like many others from the old Premier Pass Elite). I remember on a FT thread somebody mentioned a 25% discount when you use your points to redeem for travel. Does anybody know if this discount applies when redeeming with points on my ThankYou Premier? I did a search and it showed the same points required as my Citi Forward card.

    Also any hotel suggestions are appreciated!

    Thanks in advance.
     
  2. GUWonder
    Original Member

    GUWonder Silver Member

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    For me the "25% discount" shows up automatically when doing the relevant travel searches by way of the travel search engine valuing the points at 25% more than was the case at this time last year (when used for say purchasing air travel). It's factored into the prices displayed during the search and/or payment process. The "25% discount" is actually not a discount as much as it is an increased valuation of the points by 25% when used for travel. For a period of time (that ended a few weeks back) any use of points would discount the entire travel purchase by 25%, but that was shut down and re-engineered so as to substitute out:

    (1) the 25% discount for any use of any points for travel

    and replace it with:

    (2) a 25% increase in the value of point when used for travel.
     
  3. skit53
    Original Member

    skit53 Silver Member

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    I think the OP was actually correct, it is a 25% discount in the point cost of travel.

    This translate to a 33% increase in the value of a point (1.33 cents per TY point).

    Example:
    A flight costs $280.

    This would typically require 28000 points (verified in another TY account), but in my account I see offered for 21,100 points.

    (28000 - 21100) / 28000 = 24.6%; representing a roughly 25% discount in the point cost.

    The value of a point is now $280 / 21100 = 1.327 cents per point; roughly 1.33 cents after accounting for rounding.
     
  4. Trout Fishing in America
    Original Member

    Trout Fishing in America Silver Member

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    Everyone is correct here. Skit is correct on the math and GUWonder is correct on the history of why it is the way it is-- and what you missed by not booking this last month :rolleyes: .

    Not to get too off topic-- but, I don't know if I've ever heard whether or not TY point flights are eligible for FF miles?
     
  5. skit53
    Original Member

    skit53 Silver Member

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    Yep they are eligible (at least the ones that I've purchased) Eg. A US air flight I purchased recently booked into S and L classes.

    On the receipt it shows that the full dollar cost of the ticket was paid.
     

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