Updated on 11/29/20 at 11pm PT: According to the Citi ThankYou Gift Card page, it looks like this 20% discount only applies to Apple, Happy Dining, Fandango, Petsmart, and Top Golf gift cards. All other gift cards are at the same price.
Good morning everyone, happy Friday! I just received an email from Citi about their upcoming Cyber Monday Gift Card Sale. If you redeem Citi ThankYou Points (TYPs) on November 30 between 12:00am ET and 11:59pm ET, you will be able to redeem 20% fewer TYPs. For example, a $25 gift card normally costs 2,500 TYPs (1.0 cents per point), but during this promo, you will only need to redeem 2,000 TYPs (1.25 cents per point). The 1.25 CPP rate is the same value you would get if you redeemed TYPs for travel. You may be able to get more than 1.25 CPP if you transfer your TYPs to transfer partners, so keep that in mind.
The promo is not live yet, but you can see the gift card brands currently available here.
The gift card page is showing the current redemption rates, so please wait until the Cyber Monday Gift Card Sale is live on November 30.
I have quite a few TYPs in my account, so I will definitely check out the sale on November 30 and pick up some gift cards. If you have any questions about this promo, please leave a comment below. Have a great weekend everyone!