Citibank Rewards Signature Credit Card Redeem Rewards Points to Receive Statement Credit

Related Stores

Citibank Australia

• 

  dumkaze on 13/12/2016 - 19:17

  Is that good value ?

  • 

    No on 13/12/2016 - 19:26

    +2

    Nope.

    12,500 PTS for $50 statement credit

    9,300 PTS for $50 Coles gift card

    I would much prefer the statement credit. Surely they can do it for the same points since they don't need to mail anything out.

    • 

      bluesky on 13/12/2016 - 20:55

      I was just saying I will probably continue to redeem coles card, since they impose quite a high cost on the cashback. But individual preference I guess.

• 

  starburstyellow on 13/12/2016 - 19:22

  +1

  I dont see the deal in this?

• 

  sinners007 on 13/12/2016 - 19:25

  +1

  No deal here. Just a new way to redeem your points - at a much worse rate than gift cards or prepaid cards - albeit convenient.

• 

  grasstown on 13/12/2016 - 19:32

  25,000 for $100 credit doesn't sound too bad, but as someone posted above, Coles gift cards can be had for just under 18000

  • 

    sinners007 on 13/12/2016 - 19:34

    +1

    If we do a "cash" comparison, $500 prepaid visa card is 90,000pts - the same statement credit is 125,000pts - thats 39% worse off.

• 

  cashless on 13/12/2016 - 19:40

  +1

  0.4cents in the $ redemption what kind of a deal is that?

• 

  roberto7 on 13/12/2016 - 20:44

  I remember days when 10000 points for $120 credit was just average value

• 

  eatwell365 on 13/12/2016 - 23:06

  Want to know what the others think - have the same card, yet to claim.
  Find it so hard to collect points compared to others, now moving my spending to other cards.

  • 

    bluesky on 13/12/2016 - 23:48

    Yeap, hard to collect points, I use it only as backup when Amex is not accepted.