Citi’s ThankYou Rewards members can now use their ThankYou Points to pay virtually any bill online including phone, cable and electricity.

Citi ThankYou Rewards head, Mary Hines Droesch, said: "We want our members to have the choice of using their points when and how they want.

"Whether you want to pay this month’s cell phone or utility bill due next week, ThankYou Rewards lets you decide how you use your points."

The US-based lender said that Citi ThankYou Rewards members can use their ThankYou Points and their ThankYou enrolled consumer current account to pay bills online.

In order to avail the new facility, customers will have to log on to citibank.com, go to Pay Bills, and select to make a one-time payment and a payee.

Points will be redeemed for cash and deposited into the customer’s current account, on the day of the scheduled payment. The full bill payment will then be paid from the current account on that day.

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