Source: The Points Guy
Summary
Citi ThankYou Rewards is devaluing transfers to two hotel partners, Choice Privileges and I Prefer Hotel Rewards, for premium cardholders starting April 19. Transfers to Choice Privileges will be reduced by 25%, while transfers to I Prefer Hotel Rewards will be reduced by 50%. This change affects the value of Citi ThankYou Rewards points for booking hotels with these partners.
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The escape is carefully planned.
Citi ThankYou Rewards points transfers to Choice Privileges and I Prefer Hotel Rewards are being devalued. Choice Privileges has no set award chart, but most stays cost between 8,000 and 35,000 points. I Prefer Hotel Rewards lets you book luxury, boutique hotels with points. The current transfer rate for I Prefer Hotel Rewards is generous, but will be halved. You can still book hotels with points, but it will cost more.
And now, your “underrated” boutique hotel stay just got 50% more expensive.
Author: Evan Null
