Citi Rewards points can be redeemed for cash back, gift cards, at checkout with top retailers, and be transferred to a handful of airline partners. You will get the best value when converting them to airline miles and redeeming them for award flights with Citi's partners.
Citi Rewards points value
On average, Citi Rewards points earned with Citi Australia are worth about 0.47 cents apiece. You can obtain significantly more value by transferring them to Citi's travel partners.
Here's our valuations for Citi Rewards points:
| Redemption Option | Redemption Value (in cents) |
|---|---|
| Transfers to airline partners | 0.5 - 1+ |
| Gift cards | 0.47 |
| Pay with points | 0.4 |
| Shop with points | Varies |
How to calculate the value of Citi Rewards points
The value of Citi Rewards points can vary depending on how they are redeemed. You can calculate the value of Citi Rewards points by dividing the cash cost of your redemption by the amount of points required.
Citi Rewards Points Value = Cash Cost of Redemption ÷ Points Required for Redemption.
If you want to easily calculate the value of your points based on redemption versus cash cost, jump to our Citi Rewards Redemption Value Calculator.
Ways to redeem Citi Rewards points
Citi Rewards points will have the best value when transferred to Citi's airline partners. You can also redeem points for cash back, gift cards, and more, but these will all give you lower value.
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.
Point transfers to Citi's airline 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 as you will be able to get as much as 1 cent per point or more. The partners you have access to and the transfer ratios will depend on which Citi Rewards Card you have.
Citi Rewards points can be transferred to:
- Flybuys
- Singapore Airlines KrisFlyer
- Velocity Frequent Flyer
- Cathay Pacific (Citi Prestige Only)
- Qatar Airways Privilge Club (Citi Prestige Only)
- Etihad Guest (Citi Prestige Only)
Learn More: Citi Rewards Transfer Partners & Conversion Calculators
Other redemption options
Citi Rewards points can also be redeemed for:
- Cash back starting at 10,000 points.
- Annual fee and additional card fees starting at 6,000 points.
Calculator: Citi Rewards points to dollars
Use the Citi Rewards Points Value Calculator to calculate Citi points to dollars when redeemed for gift cards, statement credits, and merchandise.
Citi Rewards Points Value Calculator
Enter any amount of Citi points to calculate the dollar value.| Redemption | Average Dollar Value |
|---|---|
| Point transfers to partners | $0 - $0+ |
| Gift cards & eVouchers | $0 |
| Pay with points | $0 |
Calculator: Citi Rewards redemption value
Use our Citi Rewards Redemption Value Calculator to determine the cash value of a redemption based on the cost in cash versus the cost in Citi Rewards points. This tool is useful when trying to decide whether a redemption is worth it.
Credit cards that 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.
| Credit Card | Card Details |
|---|---|
Citi Prestige Card
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Citi Premier Card
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Citi Rewards Card
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FAQ
What's the value of Citi Rewards points?
Citi Rewards points are worth 0.47 points on average. This means that 10,000 points would have a value of about $47.
