I got the citi premier card recently, and earned the 60,000 points bonus. It was directly stated that this 60000 bonus was worth $600 dollars. However, I've discovered that it's actually not. If you get a statement credit, each point has half the value. Using them on amazon is easy, but apparently costs about an extra third. (I discovered that today, when my husband bought an $18 item and was charged 2500 points.)
The only apparent ways to get the full value is through their travel portal (not a useful option for me) or through giftcards (also not a very useful option.)
Does anyone know of any other way to get the promised value from this bonus?