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*Update: bonus has been reduced to 30,000 points*
I was just informed that Citi will be pulling the current 50,000 point sign-up bonus on the Thank You Premier card as of Monday 8/15/11. While not the most exciting Citi offer on the market (the 150,000 AA deal is my preferred), this offer is decent, though these points can not be transferred to airlines or hotels. However, if you spend the $625 on travel, you will earn miles and elite status on the travel booked, which could be helpful if you are currently behind on elite status.
50,000 Thank You Points = $500 in gift cards or $625 in airfare. No foreign transaction fees, 20% bonus on spend at gas stations, supermarkets, drugstores, commuter transportation and parking merchants.$125 annual fee.
If interested, check out my original post on the deal.