The Citi ThankYou program has rolled out a new transfer bonus, offering a 30% enhancement on points transfers to Preferred Hotels & Resorts’ I Prefer Hotel Rewards program. This offer is valid from May 17 to June 13, 2026, enabling members to earn 2,600 I Prefer Hotel Rewards points for each 1,000 Citi ThankYou points transferred, as opposed to the typical 1:2 transfer ratio. This promotion can be utilized an unlimited number of times and is usually processed instantly.
Preferred Hotels & Resorts comprises a selection of over 650 independent luxury hotels across 85 nations. The I Prefer Hotel Rewards program employs revenue-based pricing, generally appraising points at nearly 0.5 cents apiece. With the 30% bonus, Citi ThankYou points can approximate a value of about 1.3 cents for each point.
Even with the bonus, the transfer ratio is not as advantageous as it once was, and the point value may not appeal to the majority of users. The program’s capacity limitations and the potential scarcity of award redemptions could further diminish its allure. Consequently, while the promotion offers a chance to redeem points at distinctive luxury properties, it might not provide the most favorable value for Citi ThankYou points.