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Update: This offer is no longer available.
For those of you who might have been interested in getting the Citi ThankYou Preferred card after my post on Monday ranking the top Citi travel credit cards, you have until the end of the day tomorrow, Friday, December 14, 2012, to apply before the current offer of 40,000 bonus points goes away.
Here are the details of the current offer:
- Bonus: 40,000 Citi ThankYou points: 20,000 points after you spend $3,000 in purchases in the first 6 months and an additional 20,000 points when you spend $3,000 within the next 6 months – redeemable for $400 in gift cards.
- 1 point on every dollar you spend
- Anniversary bonus ranging from 1-3% of all the points you earned during the year.
- Redemption Options: Redeem points for travel and gift cards at 1 cent each, or 1.33 cents each towards airfare if you have the Citi ThankYou Premier card (they cannot be transferred to any airline or hotel loyalty programs); sliding anniversary points bonus ranging from 1-3%.
- No annual fee.
Those 40,000 ThankYou points can be redeemed for $400 in travel and gift cards, but remember, if you also have the Citi ThankYou Premier card, you can actually redeem them for travel at a rate of 1.33 cents – so you’re getting $532 in value. If you don’t have either card, you can apply for both in the same day and get the 25,000 bonus points on the ThankYou Premier at the same time (though if you can wait, the bonus on the Premier has gone up to 50,000 points in the past and you might want to hold off until it’s up in that range again).
While 40,000 points isn’t a world-changing bonus, it is still one of the highest offers we’ve seen on this card, whose bonus is usually around the neighborhood of 25,000 points. Plus remember, when you book travel through Citi ThankYou, it’s just like paying for airline tickets with cash, so you still earn airline miles and elite status on the flights you book. So if you’ve been thinking about this card, might as well get it while the bonus is still up at 40,000 points to pocket between $400-$532 in value and use those points towards your 2013 elite qualification.