Citibank Announces Reductions in Points Transfer Rates to Two Partners Citibank is implementing reduced points transfer rates for two of its partner programs starting April 19, 2026. The changes affect the transfer value for Premium ThankYou Rewards cards, specifically for transfers to Choice Privileges and Preferred Hotels I Prefer. The bank’s communication to cardholders notes, “A little ThankYou… can go a long way,” despite the reduction in transfer value. The affected partners, Choice Privileges and Preferred Hotels I Prefer, previously offered significant value. At the old 1:4 ratio, Preferred Hotels provided 2-3 cents per Citibank point, making it a popular choice for travelers. The new rate, however, is expected to diminish this value, leaving fewer opportunities for cost-effective redemptions. Meanwhile, Choice points are valued at approximately half a cent each, leading the author to conclude that transferring at the previous rate would no longer be beneficial. The revised terms effectively render these partners less attractive for most users. Other partners, such as American AAdvantage, Cathay Pacific, Qantas, Qatar, LifeMiles, EVA Air, Singapore, Air France KLM Flying Blue, and Virgin Atlantic, still offer notable value. These programs can often be used for further transfers to other loyalty programs like British Airways and Finnair. However, airlines such as Malaysia Airlines, THAI, Aeromexico, and Turkish Airways are viewed as providing limited value. Turkish Airways, for instance, previously offered strong value but has since reduced its transfer incentives. EVA Air stands out as a hidden gem, offering better availability for its members compared to partners.#cathay_pacific #citibank #choice_privileges #preferred_hotels_i_prefer #american_aadvantage
