What is Citi ThankYou Rewards's devaluation history?

Citi ThankYou Rewards last devalued on 20 March 2026 (148 days ago). 2 recorded devaluations and 0 enhancements since 2025.

Full history

Citi ThankYou Rewards Major Transfer ratio

Announced 20 Mar 2026 · 19 Apr 2026

Citi cut two hotel transfer ratios from 19 April 2026, Choice Privileges by 25 percent and Preferred Hotels I Prefer by 50 percent

Source: AwardWallet, verified 8 Aug 2026

Citi ThankYou Rewards Moderate Transfer ratio

Announced 24 Apr 2025 · 27 Jul 2025 · -20.0%

Citi cut its Emirates Skywards transfer ratio from 1:1 to 1,000:800, a 20 percent devaluation

Source: The Points Guy, verified 8 Aug 2026