Login Now to remove this and all advertisements (GOLD and SILVER members)
Not a member? Register Now for free

Redemption rate for Signature?

Status
Not open for further replies.

zzyss

Member
Joined
Dec 29, 2008
Messages
425
Points
10
Just out of curiosity, I thought the redemption rate for Citibank Signature was 1:1 Citi to Velocity/Krisflyer. But when I went to check this recently the site says the following:

Velocity Frequent Flyer
Citibank Rewards cardholders can manually transfer their points to Velocity, the frequent flyer program of Virgin Australia.

As of 1 September 2013, redemption of reward points on Velocity and KrisFlyer Frequent Flyer programs will only be available to cardholders who hold the following cards: Citibank Rewards Credit Card - Platinum or Signature or the Citibank Select Credit Card and who are enrolled in the Citibank Rewards Program.
Citibank Rewards Credit Card - Select Signature and Citibusiness cardholders:
1.5 Citibank reward points = 1 Velocity point, redemptions must be in multiples of 15,000 Citibank reward points
Citibank Rewards Credit Card - Platinum Credit cardholders:
2 Citibank reward points = 1 Velocity point, redemptions must be in multiples of 20,000 Citibank reward points



Singapore Airlines KrisFlyer program
Citibank Rewards cardholders can manually transfer their points to Singapore Airlines KrisFlyer program.
As of 1 September 2013, redemption of reward points on Velocity and KrisFlyer Frequent Flyer programs will only be available to cardholders who hold the following cards: Citibank Rewards Credit Card - Platinum or Signature or the Citibank Select Credit Card and who are enrolled in the Citibank Rewards Program.
Citibank Rewards Credit Card - Select Signature and Citibusiness cardholders:
1.5 Citibank reward points = 1 KrisFlyer mile, redemptions must be in multiples of 15,000 Citibank reward points
Citibank Rewards Credit Card - Platinum Credit cardholders:
2 Citibank reward points = 1 KrisFlyer mile, redemptions must be in multiples of 20,000 Citibank reward points

When did this happen (I know, I know, September 2013 LOL). All the folks going on about the fee-free for life Signature card since end of last year were going on about 1:1 points transfers...
 

zzyss

Member
Joined
Dec 29, 2008
Messages
425
Points
10
Ah, nevermind. (Tried deleting the post but couldn't find how to).
 

jlien

Member
Joined
Dec 4, 2013
Messages
436
Points
10
Unsure if you're still looking for an answer however references to 1:1 means $1 : 1 KF/Velocity point.

$1 = 1.5 Citi points
1.5 Citi points = 1 KF/Vel point.
 
Credit cards which earn frequent flyer points is a popular way to earn frequent flyer points. You can receive thousands of points on everyday spend. And, many of these cards offer generous signup bonuses! Compare to find the credit card that best suits your needs.

Recommended by the Australian Frequent Flyer
Status
Not open for further replies.

Community Statistics

Threads
86,620
Messages
2,100,910
Members
53,918
Latest member
jamessmith05540
Top