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Www Mortgagereductionmortage Tag Purchasing Managers Index Mortgage Reduction Mortage Redeem ThankYou Points For Student Loan or Mortgage Payments[Chinese In North America(±±ÃÀ»ªÈËeÍø)]

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moneyguy
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Redeem ThankYou Points For Student Loan or Mortgage Payments   Post By£º5/9/2009 1:08:00 PM

How To Redeem ThankYou Points For Student Loan Checks, Mortgage Payments, or font>)

 

Since I can now get 5x ThankYou points on restaurants and Amazon.com purchases from my Citi Forward card, I have been looking into the best way to maximize my redemption value.

The goal is to get as close to making the 5x points equate to 5% cash back by making 100 points = $1. My standard option is to redeem 10,000 points for $100 gift cards to Target and Home Depot, but since the retailer list is getting a bit thinner here are some good alternatives.

Student Loan Rebate Check
Here we can achieve 100 points = $1, but in the form of a check written towards a student loan. From their website:

With the student loan program redemption, Customers can apply their points towards any student loan program -financial institution. Please call 1-800-THANKYOU for details.

You can redeem in increments as small as 2,500 points for a $25 check. You have to call them up, no online redemption. The CSR will ask you for your lender¡¯s name, and they¡¯ll mail you a check written out to your lender (i.e. Citi Student Loans). You are then supposed to add in your account number or whatever else is necessary, and then send it on to your lender. Reader Chris shared that he has a workaround if you lender doesn¡¯t take third-party checks:

I just have the check written out to my bank, Chase, and then write my checking account number in the memo space. I drop it in an ATM and they have always deposited it into my checking account just fine. I¡¯ve been doing this for years with no problem. I would just apply the money mys.

website. It¡¯s basically , you can book it with points. Also, all taxes, fees, and surcharges are included in the point total. In this way, the variable redemption is actually better than the old fixed point option, where the points only covered the base cost of the tickets and you had to pay the taxes and fees separately.

* I just checked this by testing out a SFO-LAS flight on both sites. It was either 12,700 points or $119, which is a little bit off. However, this is because ×îÐÂBeauty DealsÒ»ÀÀÎÞÓ࣬Black Friday and Cyber Monday Beauty Deals" Ö§³Ö(0ÖÐÁ¢(0·´¶Ô(0

moneyguy
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   Post By£º5/10/2009 7:09:00 PM

Citi Forward Card Review + Rewards Summary

(zt from archives/2009/04/citi-forward-card-rewards-program-review.html)



Sign-Up Bonus

New cardholders get 6,000 bonus ThankYou points after $50 in purchases made within 3 months. In addition, you get another 5,000 points for choosing paperless statements within 3 months. As shown below, the 11,000 total points can get you either $100 in gift cards or about $75 towards a prepaid Visa card.

ThankYou Points & Rewards Program Summary
This card works off the same ThankYou points system as many other Citibank cards. 10,000 points = $100 gift card at stores like ?
Here¡¯s an interesting question. Who¡¯s the most popular bookstore? Amazon.com. With the Citi mtvU for college student, the 5% back on books worked on all purchases at answer. (Things are looking good on this front, but I will probably still make a small test purchase¡­)