Citi enabling its cardholders to pay bills with reward points

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Citi checking account customers can now use ThankYou Points for their bill payments. Citi ThankYou Rewards members can earn ThankYou Points across their Citi banking and credit card relationship and use these points to pay virtually any bill online including phone, cable and electricity.

“We want our members to have the choice of using their points when and how they want,” said Mary Hines Droesch, Head of ThankYou Rewards at Citi. “Whether you want to pay this month’s cell phone or utility bill due next week, ThankYou Rewards lets you decide how you use your points.”  

With just a few clicks, Citi ThankYou Rewards members can use their ThankYou Points – and their ThankYou enrolled consumer checking account – to pay bills online.

On the day of the scheduled payment, points will be redeemed for cash and deposited into the customer’s checking account.  The full bill payment will then be paid from the checking account on that day.

Citi’s ThankYou Rewards initiative offers members the ability to combine points earned from their Citi banking relationship and Citi credit card purchases and redeem for thousands of rewards.

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