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"
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