Cardholders of the Citi Strata Premier℠ Card simply bought some detrimental information. Thanks to FrequentMiler for breaking the information.
Many Citi Strata Premier cardholders as we speak acquired an electronic mail indicating that the cash back redemption of their ThankYou factors shall be decreased from 1 cent per level to 0.75 cents per level. This change goes into impact as of Aug. 24, 2025.
It’s a blow to among the finest journey rewards playing cards on the market, however maybe its influence may be restricted for a lot of cardholders who as a substitute want to switch their factors to the ThankYou program’s airline and lodge switch companions.
The electronic mail
Interestingly sufficient, it appears as if not all cardholders of the Strata Premier acquired an electronic mail. Several different TPGers and I didn’t, however senior editorial director Nick Ewen acquired the e-mail. Here is what it stated.
This comes as fairly a shock, however it’s not the primary one we have seen currently, as Citi devalued Emirates Skywards factors transfers final month.
Cardholders of different Citi playing cards, together with cash-back ones just like the Citi Double Cash® Card, don’t appear to have acquired an electronic mail.
That could be unusual to see, contemplating the Double Cash is marketed as incomes double cash back. That’s as a result of it’s marketed as incomes as much as 2% on each buy with limitless 1% cash back whenever you purchase, plus a further 1% as you pay for these purchases. If these factors instantly are usually not price 1 cent apiece, then the card’s worth proposition adjustments totally. There’s no indication that may occur, although.
Looking forward
For now, the cash-back redemption possibility for some Citi Strata Premier cardholders has diminished by 25%, from having the ability to redeem their ThankYou factors for cash back at a charge of 1 cent apiece to a mere 0.75 cents apiece.
Still, you possibly can persistently get higher worth out of your Citi ThankYou factors by transferring them to this system’s many airline and lodge companions, together with Air France-KLM Flying Blue, Singapore Airlines KrisFlyer and Wyndham Rewards, amongst many others.
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Based on crowdsourced information on the TPG group, it looks like cardholders with no Citi cash-back card linked to their Citi Strata Premier are the one ones affected. For now.
If you like utilizing your Citi ThankYou factors for cash back or accomplish that on a case-by-case foundation, carrying a card just like the Citi Double Cash could make sense in the long term, given this variation. Barring that, make any cash-back redemptions you supposed to together with your Citi ThankYou factors forward of the Aug. 24 deadline.
Bottom line
This improvement is a major disadvantage for many who want redeeming their ThankYou factors for cash back. Even if you happen to didn’t obtain an electronic mail detailing this variation, be sure you verify your Citi account when logging in so you do not miss any bulletins.
As of now, nonetheless, that is simply one other devaluation to hit the Citi Strata Premier, and I am unable to assist however surprise if that is Citi’s manner of establishing their lineup of ‘Strata’ playing cards for an upcoming card or an overhaul of their current cash-back card lineup.
Related: Best cash-back bank cards
