Use ThankYou Points As Payment Option Through PayPal

Update 5/27/2019 – Soon you’ll be able to use your ThankYou Points towards eligible PayPal purchases just by adding your card to your PayPal account and using it to make a purchase. This will automatically enroll you in Shop with Points with PayPal where you can use your points going forward provided your Citi ThankYou accounts are in good standing. This will happen as of June 30th, 2019. Or you can link your accounts in your PayPal wallet to get started – as you can today. After you’re enrolled, Citi will provide PayPal with information about your ThankYou account.


Today, Citi and PayPal announced an expansion of their strategic agreement that will broaden consumer payment choices by enabling eligible Citi cardmembers to use ThankYou Points as a payments option at millions of merchants that accept PayPal in the United States. This new functionality will be available in 2018.

thankyou points paypal

Their original agreement back in 2016, enabled Citi cardmembers to use their cards with PayPal seamlessly – online, in-app and in store. The agreement also included a plan to tokenize cards for customers wishing to use PayPal for in-store purchases, across Mastercard and Visa portfolios in the U.S.

Today’s press release didn’t specify the redemption value for ThankYou Points when using them through PayPal.

I contacted Citi and they confirmed by email that “it will be akin to the rate for other partners such as Amazon”. That means that you’ll be able to redeem ThankYou Points at only 0.8 cents per point. This means that using TYP through PayPal will be a poor use of points. You can get 1.25 cents per point when redeeming for travel or you can transfer 1:1 to lots of travel partners. You even have an option of cashing out ThankYou points at 1 cents a piece.

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