Citi and PayPal Offer Enhanced Payment Options

July 20, 2017, Written By Bill Hardekopf

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Citi and PayPal announced an expansion to their agreement, which will allow Citi cardholders to use ThankYou Points to pay for all or part of their purchases when they shop online at any U.S. merchant that accepts PayPal.

“At Citi, we continuously strive to enable consumers to transact when they want and how they want,” said Ralph Andretta, Head of U.S. Branded Cards at Citi. “Our expanded agreement with PayPal will enable our 14 million ThankYou Rewards members in the U.S. to utilize an innovative, intuitive new channel to redeem their points. We also look forward to offering this capability on a global scale in the near future.”

The two companies initially entered an agreement in 2016, which allowed cardholders to use their Citi credit cards more easily on the PayPal website or via the PayPal app. That initial agreement also allowed customers to tokenize their cards to use PayPal for in-store purchases, wherever Visa or Mastercard are accepted.

“This agreement with Citi is about deepening our relationship as well as creating a deeper platform integration that can add value to our joint customers,” said Gary Marino, Chief Commercial Officer at PayPal. “Soon we can offer a new way for Citi cardmembers to purchase items online with Citi ThankYou Points at millions of our merchants in the U.S. These new capabilities showcase the power and flexibility of our technology platforms.”

The new functionality will launch in 2018.



The information contained within this article was accurate as of July 20, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.