Last month, Citi ThankYou Rewards announced that it would be devaluing its hotel transfer partner, I Prefer Hotel Rewards, starting April 19. Instead of transferring points at a ratio of 1:4* — so for every 1,000 ThankYou Rewards points transferred, you get 4,000 I Prefer Hotel Rewards points — you'll get a ratio of 1:2.
Though Preferred Hotels & Resorts does not have as large of a footprint as some other brands, such as Hilton, Marriott or Hyatt, this unique program allows members the chance to book stays at intimate boutique properties, historical hotels and high-end resorts.
With rates at select properties starting as low as 15,000 I Prefer Hotel Rewards points per night, you could book stays for as low as 3,750 ThankYou Rewards points with the current transfer rate.
A great solo travel tip spotted this week on The Points Guy Articles.
