MMMondayMemo: Keep your Thank You points alive

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MMMondayMemo: Keep your Thank You points alive

Each Monday Miles has decided to drop a tip, hint, tutorial, trick that maybe you’ve missed or haven’t heard before. If you’re an expert in this field, some of these may be things you already know, but there are a lot of beginners out there who are just getting their feet wet. This week the Monkey Miles Monday Memo focuses on Keeping your Thank You points alive.

I recently got a Citi Thank You Prestige. Needless to say I love the benefits and have already recouped the $350 ( reduced from $450 because of Citi Gold) annual fee I paid. The problem I had was that I already had a Citi Thank You Premier card and the annual fee had just hit.  I called in to see what my options were and here’s how I ultimately kept my Thank You points alive.

Option 1: Cancel the card…get 60 days

I could cancel the card and transfer all the points to my Citi Prestige account; however, they will expire within 60 days if I don’t transfer them on to partner programs.

I don’t really want to do this because

  1. I lose the line of credit and it’ll affect my Utilization.
  2. I want the flexibility going forward to transfer to a program based on need not requirement

*Also…I wasn’t offered any retention offers

Option 2: Keep the card open and pay the annual fee…points stay alive

I don’t want to pay $95 for a card that basically has fewer and redundant features of the Prestige card.

Option 3: Downgrade to a Cit Thank You Preferred…points stay alive

This is what I Ultimately decided to choose:

  1. Avoid annual fee
  2. Keep line of credit open
  3. No new inquiries…or open/closing of accounts to restart clock on Citi Family Cards

The winner!!! Downgrade and keep your points alive and flexible!!!

Affiliate link via CardRatings


The Chase Sapphire Preferred is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based. 

Welcome Offer

60k Points after $4k spend in 3 months

80k offer in branch currently – I think this should be online soon

Annual Fee


Points Earned

Transferrable Chase Ultimate Rewards

Super solid welcome offer.

If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex℠and Chase Freedom Unlimited® or the business versions: Ink Business Cash , Ink Business Unlimited you can combine the points into Preferred account and transfer into hotel and airline partners

Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.

  • 3x on dining
    •  including eligible delivery services for takeout
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • 5x on all travel purchased through Chase Ultimate Rewards – Chase Travel Portal
  • $50 Annual Credit on hotel stays purchased via Ultimate Rewards/Chase Travel
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 10% Anniversary Bonus
    • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
  • Chase Sapphire Preferred® continues to redeem at 1.25c in the Chase Travel Portal and the slew of other benefits remain in tact including primary rental car insurance, purchase protections, etc.
  • Points are transferrable to 13 Ultimate Rewards partners
  • Redeem in the Chase Travel center for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Primary rental car coverage is my favorite

There is currently an 80k offer after $4k spend in 3 months available in branch, and up to 90k after $6k spend in 6 months. I suspect some version of this will be online soon if you don’t want the hassle of going into a branch.

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 60k is a very, very good offer. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back. .

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

1 Comment

  • […] Just received this email this afternoon: Earn 5x Citi Thank You points at Hilton Hotels. Simply Enroll and earn 5 Thank You points for every dollar up to 5000 points. Offer is valid on stays until 5/31/17 by 5/25/17. This offer is in addition to any of offers you may be eligible for Hilton as well. It’s targeted for my Citi Thank You Preferred card which I got from downgrading last year. […]

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