CITI THANK YOU POINTS NOW TRANSFERABLE: Last spring there were rumors about Citibank’s ThankYou Points possibly becoming transferable to a couple of airline partners. Those rumors didn’t pan out, but we now learn thanks to The Points Guy that we have an actual Citibank transfer partner: Hilton HHonors.
The exchange rate is 1 TYP per 1.5 Hilton points; this is not a good deal. TYPs are worth one cent apiece (1.33 cents if you’re a Citi TYP cardholder redeeming for travel) while we value Hilton points at about a half cent each. The Point Guy values them at 0.7 cents each, but he has more high-class tastes than we do, and high-end redemptions tend to get more value per point.
Even at his loftier valuation, however, it’s still a bad deal unless you happen to have a sudden, urgent need for Hilton points. And that’s not a likely thing since there are already a lot of ways to earn Hilton points–Citi has a Hilton card, Amex has a Hilton card, and various other programs let you transfer into Hilton as well.
This is an encouraging sign for the TYP program, however: like Hilton points, ThankYou Points are fairly easy to earn between the healthy sign-up bonuses Citi periodically offers as well as the promotions Citi runs for existing cardholders. That’s why we’re fans of the TYP program and we’re hoping Hilton is the first of many future transfer partners for Citi.
100 SONGS FOR $0.99 FROM AMAZON: Amazon has 100 Must-Have Baby Lullaby Classics on sale for $.99. Don’t let the title fool you: this isn’t a bunch of annoying children’s songs but instead is a bunch of relaxing classical music from the usual great composers–Mozart, Beethoven, et al. Retitle the album if it makes you feel better. And if you take advantage of the free $2 MP3 credit Amazon is offering right now, it’s an even better deal. (H/T: SD)
$200 FROM SHAREBUILDER: You can get $200 from Sharebuilder if you have $10,000 available to tie up in a brokerage account for a few months. Is this a good deal? The answer, as usual: it depends. You have to keep the cash in the account for six months. That works out to a 4% guaranteed rate of return above and beyond whatever investment performance you get, which really isn’t too bad in today’s low-rate environment. Think of it as a six-month CD if you prefer–you certainly won’t find any CDs with rates like that (if you do, let us know). And it’s certainly better than the only other $10K minimum offer we have on our Best Brokerage Offers page, which is $50 from Merrill Lynch. (H/T: FWF)
WHY STORING MONEY IN YOUR MATTRESS MAY NOT BE THE BEST OPTION: Your kid might find the money and blow all your savings on candy. Or worse yet, you well-intentioned children might mistakenly toss the mattress in which you’ve spent your life building up a million-dollar nest egg. Plus you don’t even get sign-up bonuses for depositing your money in them, so what’s the point? (H/T: FWF)