**Citi ThankYou Reduces Value of Choice Privileges & I Prefer Transfers**
Citi ThankYou has announced to its members that point transfers to two partners will be altered starting April 19, 2026. For the top-tier cards with the most favorable transfer ratio:
– Citi ThankYou to Choice Privileges points transfers will shift from a 1,000:2,000 ratio to a 1,000:1,500 ratio.
– Citi ThankYou to I Prefer points transfers will change from a 1,000:4,000 ratio to a 1,000:2,000 ratio.
Choice Privileges was [included as a transfer partner in 2021](https://onemileatatime.com/news/citi-thankyou-choice-privileges/), and I Prefer was [included as a transfer partner in 2024](https://onemileatatime.com/news/citi-thankyou-preferred-hotels-resorts/). While Citi ThankYou is not the sole program partnered with Choice Privileges and I Prefer, it does offer the best transfer ratio. For instance, Capital One miles convert into Choice Privileges points at a 1:1 ratio and into I Prefer points at a 1,000:2,000 ratio.
Therefore, with these adjustments, Citi ThankYou will continue to have a superior transfer ratio compared to Capital One for Choice Privileges, and an equivalent transfer ratio with Capital One for I Prefer. I recognize that both Choice Privileges and I Prefer are partners many Citi ThankYou members appreciated, and the new ratios indeed diminish the attractiveness of these options.
**These Changes Are Disappointing, But Maybe Expected**
It’s not the case that Choice Privileges and I Prefer were 1:1 transfer partners prior to this change, making it difficult to suggest there are significant repercussions here. Nevertheless, I believe the value of hotel transfer partners has historically been a distinctive advantage of the Citi ThankYou program relative to others, and this certainly affects that.
In a broader context, I feel [this reflects an overall negative turning point](https://onemileatatime.com/insights/transferable-points-currencies-negative-inflection-point/) for transferable point currencies. Recently, we have observed major transferable point currencies reduce transfer ratios to certain airline partners, making them no longer 1:1.
I believe we are witnessing a shift in the industry where loyalty programs seek higher compensation for their points, while the major banks are only prepared to absorb those expenses to a limited degree, particularly given the competitive pressures on card issuers to continuously enhance their rewards structures.
**Conclusion**
Effective April 19, 2026, the Citi ThankYou program will lower the value of point transfers to both Choice Privileges and I Prefer. This is disappointing, as both of these were partners that offered potential value in moving points. However, I am not shocked to see this development, and I anticipate that more transferable point ratios will experience devaluation as time progresses.
**What are your thoughts on these Citi ThankYou transfer modifications?**