Citibank announced last month that ‘fixed point redemption’ (which allows redemptions valued up to 3 cents a point instead of the standard 1 cent) would be ending March 1.
It appears that they’ve already gone ahead and pulled the plug on 3 cents value, capping redemptions at 2 cents as of last week. This despite the FAQ on the Citi Thank You Network website still showing the 3 cents value, and the Thank You Network terms and conditions requiring 30 days written notice for changes to the program.
This is all second-hand, at this point, per this thread on Flyertalk. It’s of particular concern to me because I’m hurtling towards 90,000 points to make a redemption… and I need to wait until my credit card points post on or about February 19 in order to do so. I’ve made a whole lot of extra charges to this card precisely because they announced changes would be coming March 1.
Developing, but I’m potentially incensed.