Citibank Ending Fixed Point Flight Redemption?

According to Frugal Travel Guy Citibank’s Thank You Points will no longer offer ‘fixed point redemption’ come March 1, 2009.

This is a huge blow to the program. It allowed points to be worth 2-3 cents apiece, instead of the standard 1. Truly a disappointing development.

Variable point redemption lets you use points to buy flights, with the points worth a penny apiece. Fixed point redemption lets you buy tickets up to a specified dollar value for a set number of points.

Ending this option makes Citibank credit cards earning these points that much less valuable. I will be putting a bunch of money on my current Citi Platinum American Express (which is pooled with a fixed-point redemption-eligible account) to get up to 90,000 points in order to make my next redemption level. And I’ll be doing it before my statement closes, so that the points post in time!

Assuming the news is true, it’s a huge blow.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. Can you elaborate what you meant by “getting to 90000 points to make the next redemption level”?

    Is the fixed point reward open for accounts with more than 90000 points?

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