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Citibank Is Slashing Points Transfers To Two Partners April 19 — One Drops 25%, The Other 50%
Citibank is devaluing points transfers to two of their partners effective April 19, 2026. Premium ThankYou Rewards cards will see a worse transfer rate to Choice Privileges and to Preferred Hotels I Prefer starting at that time.
Ironically, Citibank emails to cardmembers sharing this change close, “A little ThankYou… can go a long way.”
These are somewhat niche partners, but Preferred Hotels offered real value at the old 1:4 ratio, giving you 2-3 cents per Citibank point. It’s hard to imagine there will be many opportunities for transferring Citibank points to Preferred Hotels at reasonable value with this change. Meanwhile, I value Choice points at perhaps half a cent apiece. I wouldn’t transfer at the old rate. This new rate makes them a non-partner in my calculations.
Iran declares US-Israeli economic, banking interests in region are targets
The IRGC releases a list of offices and infrastructure run by top US companies with Israeli links whose technology has been used for military applications.
Iran’s Islamic Revolutionary Guard Corps (IRGC) has threatened to attack “economic centres and banks” related to United States and Israeli entities in the region after what it called an attack on an Iranian bank, with the war in its 12th day.
A spokesperson for the Khatam al-Anbiya Headquarters, a group described as IRGC-owned by the United Nations, said on Wednesday that “the enemy left our hands open to targeting economic centres and banks belonging to the United States and the Zionist regime in the region”.
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