Apr 19, 2026moderatetransfer ratio cut
Citi cuts Choice Privileges transfers
1:2 → 1:1.5
← Back to the Devaluation Tracker
Citi Devaluations: The Complete Record
Every documented Citi points devaluation — dated, sourced, and graded. Updated automatically.
Citi has made 7 documented changes in the trailing 24 months, most recently Aug 23, 2026. Next scheduled change: Sep 20, 2026. Current risk grade: High Risk.
Cadence: 7 documented devaluations since 2025, averaging 2.1 months apart. (Improvements not counted.)
Upcoming: 2 scheduled changes on the record, next effective Sep 20, 2026. Not counted above until effective.
Questions
How many times has Citi devalued?
7 documented devaluations on our documented record since 2025. Improvements are tracked separately and never netted in.
When did Citi last devalue?
August 23, 2026 on our documented record: Annual fee rises from $595 to $695.
What was Citi's biggest devaluation?
Annual fee rises from $595 to $695 (August 23, 2026) — rated moderate on our documented record.
Transfer partner changes.
Only the transfer-ratio and partner changes — the “is my bank cutting partners” question at a glance.
Apr 19, 2026moderatetransfer ratio cut
Citi cuts I Prefer transfers to 1:2
Jul 27, 2025moderateTransfer ratio cut
Citi devalues Emirates transfers
1:1 → 1:0.8
Jul 27, 2025minortransfer ratio cut
Transfer ratios reduced on no-annual-fee cards for JetBlue,
1:0.8 (JetBlue, Wyndham); 1:1.5 (Choice) → 1:0.7; 1:1.4
The complete record.
Oct 25, 2026moderatebenefit removed
Grandfathered Aviator benefits end on converted Citi AAdvantage cards
Sep 20, 2026minorbenefit removed
JetBlue TrueBlue removed as transfer partner for ThankYou Mastercard
Aug 23, 2026moderatefee increase
Annual fee rises from $595 to $695
$595 → $695
May 17, 2026moderateBenefit removed
Citi discontinues point sharing between members
Apr 19, 2026moderatetransfer ratio cut
Citi cuts Choice Privileges transfers
1:2 → 1:1.5
Apr 19, 2026moderatetransfer ratio cut
Citi cuts I Prefer transfers to 1:2
Aug 24, 2025minorbenefit removed
Cash back redemption rate cut from 1 cent to 0.75 cents per point
$100 per 10,000 points → $75 per 10,000 points
Jul 27, 2025moderateTransfer ratio cut
Citi devalues Emirates transfers
1:1 → 1:0.8
Jul 27, 2025minortransfer ratio cut
Transfer ratios reduced on no-annual-fee cards for JetBlue,
1:0.8 (JetBlue, Wyndham); 1:1.5 (Choice) → 1:0.7; 1:1.4