Citi is now offering its checking account customers the ability to use reward points to pay their bills. Citi ThankYou Rewards members can earn ThankYou points across their Citi banking and credit card relationship and use these points to pay virtually any bill online including phone, cable and electricity.
"We want our members to have the choice of using their points when and how they want," said Mary Hines Droesch, head of ThankYou Rewards at Citi. "Whether you want to pay this month's cell phone or utility bill due next week, ThankYou Rewards lets you decide how you use your points."
Customers wishing to use their reward points toward bills will need to log on to citibank.com, go to Pay Bills, and select Make a One-Time Payment and a payee. From there, they should select the ThankYou Rewards Account and enter the dollar amount of the payment that they'd like to cover using ThankYou Points. To use both points and cash to pay a bill, customers need to enter the dollar amount they want to cover using points and the remaining cash amount from their checking accounts.