Citi gives you a decent range of redemption options. The best value will come from using them for travel, mainly the Citi Travel Portal and transferring points to partners. Below are the options you have when redeeming points.
How Much Are Citi Points Worth?
Citi points are worth about 0.47 cents each on average. This means that 10,000 points have an average value of about $47.
Citi Australia Points Value
| Redemption Option | Redemption Value (in cents) |
|---|---|
| Transfers to airline partners | 0.5 - 1+ |
| Gift cards | 0.47 |
| Pay with points | 0.4 |
| Show with points | Varies |
Gift cards & eVouchers
Citi Rewards Points can be redeemed for eVouchers through the Citi Rewards portal which will give your points a value of around 0.479 cents per point. You do get a slight discount with the higher denominations, but not by much.
Denominations can range from as low as $20 to as high as $500. The eVouchers cover a wide range of categories including hotels, restaurants, department stores, furniture stores, grocery, and much more.
| Denomination | Cost In Points |
|---|---|
| $20 eVoucher | 4,200 Points |
| $50 eVoucher | 10,500 Points |
| $100 eVoucher | 20,900 Points |
| $200 eVoucher | 41,700 Points |
| $500 eVoucher | 104,200 Points |
Pay with Points
The Citi Pay with Points feature allows you to use your Citi Rewards Points towards eligible purchase made to your card. This basically gives you a statement credit and wipes away the purchase.
Redemptions made to wipe away purchases will give you a value of 0.4 cents per point. This means that a $10 charge would cost you about 2,500 points.
Shop with Points
Citi Rewards Points can be redeemed towards a large section of merchandise including TVs, appliances, housewares, and more on kogan.com. You can also use Shop with Points to shop for merchandise with Apple including iPhones, Apple Watches, iPads, Macs, and accessories.
This will generally give your points less than 0.4 cents in value.
Transferring Citi Rewards to Partners
If you're looking to get the best value out of your Citi Rewards Points, transferring them to airline and retail partners will be the way to go. The partners you have access to and the transfer ratios will depend on which Citi Rewards Card you have.
Being able to transfer your points to partners gives you alternatives to build frequent flyer miles, hotel rewards points, and other rewards with your favorite partners.
Citi Rewards credit card
The Citi Rewards credit card has four transfer partners. With the card featuring the lowest transfer ratios and only earning up to 1 Citi Rewards point per $1 spent, you will not be able to earn much when it comes to transferring rewards.
Citi Premier Card
The Citi Premier Card features the same 4 transfer partners as the Citi Rewards credit card, but at better ratios. Since the card offers up to 2X Citi Rewards points on purchases, you will be able to earn a good amount of points that can become real valuable when transferred to partners.
Citi Prestige Card
The Citi Prestige Card offers the transfer partners of the Citi Premier Card along with 3 additional partners for a total of 7 transfer partners. The card earns up to 3X points on purchases which makes it very good for earning points transferrable to partners.
Citi Qantas
If you are participating in the Citi Qantas Rewards program, you will not be able to transfer points to partners. Points earned with the Citi Prestige Qantas and Citi Premier Qantas gets deposited directly into your Qantas Frequent Flyer account.
This means you'll have to choose if you want the flexibility of the Citi Rewards program or if you want to earn Qantas points.
Calculate Citi Australia Points To Dollars
Use the Citi Points Value Calculator to calculate Citi points to dollars when redeemed for gift cards, statement credits, and merchandise.
| Redemption | Average Dollar Value |
|---|---|
| Point transfers to partners | $0 - $0+ |
| Gift cards & eVouchers | $0 |
| Pay with points | $0 |
How To Earn Citi Rewards Points
Citi offers three credit cards that you can use to earn Citi Rewards points consisting of the low-tier Citi Rewards credit card, mid-tier Citi Premier credit card, and high-tier Citi Prestige credit card.
