Citi 50,000 Point Bonus on ThankYou Premier Card

by on June 10, 2011 · 17 comments

in Citi, Credit Cards

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*update: bonus has been reduced to 30,000 points*

This year has been pretty incredible for credit card bonuses. If you’ve been getting in on the right deals it’s possible to have racked up nearly half a million (or more) miles and points so far this year just from card bonuses – and we are aren’t even halfway through 2011!

Today Citi announced that until June 30, 2011 they are offering a 50,000 point sign-up bonus for their ThankYou Premier Card, which is a huge increase from the normal 20,000 bonus. The ThankYou Premier card is a fixed-value redemption card, meaning you cannot transfer these points to airlines or hotels – instead you can redeem ThankYou points for 1.33 cents each for travel (so 50,000 points = $665 towards airfare and those flights will earn you miles, including elite miles) or 1 cent each towards most $100 gift cards (like Marriott, Hyatt, Ritz-Carlton, Royal Caribbean or even Sunoco).

However, there is a $125 annual fee on the card, so the most you will make with this bonus is $540 towards travel, which is pretty decent, even though we’ve been spoiled lately. I also like that this is a Citi card, because the past few months have been very active with Chase and American Express offers.  As always, if you do decide this card makes sense for you, I’d appreciate if you used my referral applicationlink (discontinued), which is what keeps this site going.

The basics:

Earning: 1.2 ThankYou Points for every dollar you spend on purchases at supermarkets, gas stations, drugstores and commuter transportation/parking merchants. 1 ThankYou Point for every dollar you spend on all other purchases.

Card: You can choose either Visa or Mastercard

Overall, this card won’t get you a free business class ticket to Asia, but it can save you a nice chunk of change – especially if you have upcoming travel that can’t be booked using airline or hotel program miles and points.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • Gene

    Can anyone in CA report where the credit pull is occurring? Hopefully something other than Experian for a change…

  • Phil

    anyway to redeem the cash on south west? i am guessing not if you have to go through their travel booking system

  • The Points Guy

    @Gene- maybe check

    @phil- i know you can get 15% off Southwest and JetBlue with the Spirit Incentives perk

    Their booking platform is powered by Expedia so I don’t think you can redeem for flights, but someone please correct me if I’m wrong

  • Jason

    How simple is redemption? Like is it automatic if you book a flight with them or do you send something in after flying? I’ve heard alot of talk on “Thank You” points, but don’t understand the specifics…

  • The Points Guy

    @Jason- basically you just divide the cost of you flight by 1.33 and thats how many points (x 100) that you need. The only catch is that you can’t pay for a portion of a flight- you need to have enough points to book the whole thing. Then basically the Thank You points program pays the airline and you have a regular ticket.

  • Mark

    Any idea if Citi will allow you to upgrade an existing ThankYou card to Premier level and get the 50k points?

  • TH

    TPG: So is it kind of like Capital One Venture card, except with a more favorable redeeming rate? Other thing seems the same: can’t make partial payment/redeeming, must have enough points to cover travel purchase in question.

  • HikerT

    Nope, this card isn’t anywhere close to the Capital One Venture.

    Capital One Venture: 100k spend = 200K points = redeem for $2,000 travel (and you earn 4K points on that travel expense).

    Citi Thankyou: 100k spend = 100K – 120K points (best case) = $1330 – $1,600 travel (best case)

    Personally I would use the credit inquiryfor an AMEX gold or platinum card that can be matched to a 75K – 100K MR bonus.

  • Mark

    I am existing Thank You card member (no annual fee card). Am I still eligible for this card and bonus points?

  • hello

    an answers for existing TYN cc holders? can we still get this card?

  • Krista Paul

    Just applied through your referral link. Thanks, Brian!

  • Iris

    Any new information about whether existing Thank You card holders may upgrade to this card and if so, the best way to do that?

  • af

    Citi Thank You Premier gets a lot closer to COVenture and probably passes it when figuring in flight points, annual dividend (small number) and 33% lift on points when used for airfare and the value of the free annual companion ticket in excess of the annual fee.
    At lower levels of spend – like $40,00 to $60,000 and 15,000 to $20,000 miles flow, the TY card probably comes out ahead.

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  • Kent

    Does anyone know if the companion ticket earns you MQM’s on the airlines?

  • Dev

    no. they will not let you upgrade.

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