[Targeted?] Citi 20% discount on gift card redemptions

Citi is sending out emails to Citi Prestige cardholders with an offer to save 20% on gift card redemptions using Citi ThankYou points. With this promotion, you can redeem 4,000 Citi points for a $50 gift card (other denominations are also available — see under “The Deal” below). That’s only a value of 1.25 cents per point, but if you’re flush with ThankYou points and would like to cash in, it beats taking 1 cent per point. The...

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By Nick Reyes