July 20, 2017 marks Citi’s expanded partnership with PayPal in order to provide more convenient options to ThankYou Cardholders meaning a more simplistic consumer payment alternative: Citi cardmembers will be eligible to use their ThankYou points as payment towards the millions of merchants that accept PayPal in the United States. In regards to these updates, you should expect this features to be available towards 2018.
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Citi ThankYou Points Paypal Partnership Summary:
- ThankYou Preferred, ThankYou Premier and Citi Prestige Cardholders will be able to use ThankYou Points as currency towards PayPal purchases throughout the vast 1,000,000+ merchants that accept it.
- Plan to manifest this function in cards for customers endeavors in-store and across where Mastercard and VISA range from in the U.S.
- Points will be transferred at 0.8 CPP utilizing PayPal as a method
Final Analysis:
Now, from theCiti ThankYou Points Paypal Partnership, this would be some big moves for Citi and PayPal. 2016’s Agreement introduced the very notion of Citi cardholders abilities to use their Citi Cards harmoniously towards Paypal, in-stores, online and in-app. 2017 Citi-PayPal Agreement’s update will further allow TY cardholders to use their ThankYou Points towards PayPal purchases, however, with a discouraging 0.8 CPP attached to this method, simply redeeming for cash can prove to be the better option at 1 CPP. Don’t forget to check out our full list of Credit Card Bonuses if you’re not interested at the moment.
