Utilize Hotel Points for Enhanced Bookings
The Citi ThankYou Rewards program has recently expanded its partnership with Preferred Hotels & Resorts, allowing cardholders of the Citi Strata PremierSM Card and Citi Prestige Card to transfer their points to the Preferred Hotels and Resorts iPrefer program. This collaboration now enables members to book a wider selection of Preferred Hotels using their Citi ThankYou Points.
The transfer ratio between Citi ThankYou Rewards and Preferred Hotels & Resorts' iPrefer Hotel Rewards program is 1:4, meaning 1,000 Citi ThankYou Reward points are equivalent to 4,000 iPrefer points. This strong transfer ratio significantly amplifies the value of ThankYou points when used with Preferred Hotels & Resorts, providing enhanced potential for luxury hotel stays.
With this partnership, Citi ThankYou Rewards cardholders can now transfer their points to iPrefer, accumulate enough points to book stays at participating Preferred Hotels & Resorts properties, and redeem these points for free nights and various rewards at luxury and boutique hotels worldwide through the Preferred Hotels & Resorts platform.
Since the partnership's launch, the number of bookable properties has significantly increased, offering members the opportunity to book over 600 boutique hotels in 80 countries. For instance, the Mayfair House Hotel & Garden in Miami can be booked for as few as 50,000 points per night, with cash rates for the same period exceeding $500 per night, making booking with points a more attractive option.
Other notable properties that can be booked using points include the Parco dei Principi Grand Hotel & Spa, a 5-star spa hotel in Rome, which can be reserved with as few as 19,000 points (equivalent to 76,000 iPrefer points due to the 1:4 transfer rate).
It is essential to note that while specific booking mechanisms or details on how to redeem points directly through Citi’s portal are not detailed in the search results, the partnership primarily functions through the transfer of points to iPrefer, after which members book stays via the Preferred Hotels & Resorts platform.
This transfer capability provides Citi ThankYou Rewards cardholders a valuable option to leverage their points for upscale hotel stays at a favorable conversion rate. However, a glitch in the iPrefer website prevents award nights from populating, so members are advised to use the Preferred Hotels website to search for award nights.
This partnership marks the first credit card rewards relationship for the Preferred Hotels and Resorts hotel program. The Citi Prestige Card is no longer open to new applicants, but existing cardholders can still take advantage of this new transfer partnership. For the latest details on redemption options, booking specifics, or updates on the program, checking Citi ThankYou’s or Preferred Hotels & Resorts’ official sites directly would provide the latest details.
- The Citi ThankYou Rewards program's new partnership with Preferred Hotels & Resorts allows cardholders to access news about luxury travel opportunities.
- By transferring their Citi ThankYou Points to the Preferred Hotels and Resorts iPrefer program, members can now book a wider selection of travel options, including home-and-garden hotels worldwide.
- Personal-finance management can be improved by taking advantage of the strong transfer ratio between Citi ThankYou Rewards and iPrefer Hotel Rewards, providing an enhanced lifestyle opportunity for luxury hotel stays at a favorable conversion rate.
- The partnership between Citi ThankYou Rewards and Preferred Hotels & Resorts offers a new finance option for booking stays at notable properties like the Mayfair House Hotel & Garden in Miami and the Parco dei Principi Grand Hotel & Spa in Rome.
