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More (Negative) Changes To Citi ThankYou and Premier Cards?

by on July 16, 2013 · 13 comments

in Citi, Credit Cards

Update: The offer mentioned below for the Citi ThankYou Preferred card has expired. View the current offer here

Offer expired: November 4, 2013

Last month, I wrote about some of the Changes To Citi ThankYou Preferred such as 2X Earning on Dining and Entertainment as well as how they are no longer offering an anniversary bonus. According to this Flyertalk post, Citi is also making some more changes (some good, some bad) that also impact the ThankYou Premier card and standard ThankYou cards. These changes go into effect for applications starting July 28th, 2013 and existing cardholders will see these changes from October 20th, 2013. I’ve emailed my contacts at Citi for official confirmation, but my gut says these changes are probably real based on the recent ThankYou Preferred announcement.

Potential Changes to the Citi ThankYou Preferred Card are:

Earning: Instead of earning 1 ThankYou points per $1 on all purchase, the card will now earn 2 ThankYou points per $1 spent on dining purchases and entertainment including movies, museums, amusement parks and sporting events and 1 point per $1 on everything else.

Discontinued Anniversary Bonus: The 1-3% anniversary bonus (the percentage depends on how long you have had the card) on all the points you accrue during your cardmember year (the percentage is based on how many years you’ve had each card) will be discontinued after your next anniversary.

Other Bonuses: The 100-point bonuses for enrolling in Account Online and Paperless Statements will be discontinued after July 27 (so enroll now if you haven’t already!).

Changes to the Citi ThankYou Premier Card include:

Earning: Earn 3 ThankYou points per $1 on restaurants and 2 ThankYou points per $1 on travel. No more 20% bonus on everyday spend purchases.

Reduced Airfare Redemptions: Points will be worth 1.25 cents when redeeming airfare vs. the current 1.33 cents a point.

Discontinued Anniversary Bonus: The 1-3% anniversary bonus (the percentage depends on how long you have had the card) on all the points you accrue during your cardmember year (the percentage is based on how many years you’ve had each card) will be discontinued after your next anniversary.

Discontinued Companion Airfare

Discontinued Flight Points: No more flight points (where you’d earn a bank of additional points based on how far you flew and how much you spent on the card).

Other Bonuses: 400 points for enrolling in paperless statements.

No more fees for authorized users: Currently $50, waived the first year.

Potential Changes to Citi ThankYou Card include:

Earn 2 ThankYou points per $1 on restaurants and 200 bonus points for enrolling in Paperless Statements. Also, this card no longer features an anniversary bonus.

The Barclay Arrival Card is my favorite fixed value point card.

The Barclay Arrival Card is my favorite fixed value card.

Some may like these changes based on how they spend and redeem points, but overall I see them as a devaluation to the ThankYou program. If you’re in the market for a fixed value credit card here are my top three picks, based on sign-up bonus and earning/redeeming ratios:

Top Fixed Value Cards:
1. Barclaycard Arrival World MasterCard40,000 bonus miles after you $1,000 or more in purchases in the first 90 days after account opening. $89 annual fee, waived the first year. Earn: 2x points on all purchases. Redeem: Each point is worth 1 cent towards travel and after each redemption you get 10% of your points back, essentially making this card a 2.2% card when redeeming for travel. For my full review, click here
2. US Bank FlexPerks Visa Signature: Earn 17,500 points when you spend $2,500 within 90 days with a $49 annual fee, waived the first year. Earn: 2x points for every $1 spent on gas, grocery or airline purchases – whichever you spend most on each monthly billing cycle – and on most cell phone expenses, 3x points on charitable donations. Redeem: Points are worth between 1.33 and 2 cents a piece when redeemed for airfare. For my full review, click here.
3. Capital One Venture: 20,000 points when you spend $2,000 in 3 months with a $59 annual fee, waived the first year. Earn: 2x points on all purchases. Redeem: 1 cent per point towards travel expenses. For my full review, click here.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author.s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

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  • jesse

    I am currently enjoy the perk of 5x drug store and grocery store spending for the first year of thank you preferred card using. Do you think it is the part of this change?

  • silentbob2003

    Any news on the Citi Forward card? I’ve had this for years now solely b/c it earns 5x on restaurants and Amazon (it qualifies as a bookstore).

  • dmt

    This is a very unfortunate change to the Premier Card. Earning thank you points for miles flown (in addition to ticket purchase price) was the single best feature of the card and not one I’ve seen duplicated elsewhere. For example, purchasing a $500 RT NYC-LA would net you 500 pts plus 5000 more for the mileage plus 5000 miles on your FF program of choice. That double dip made racking up points extremely easy. And as you noted, the Thank You points redeemed at 1.33 for flights. Are there any other cards you know of with similar earning potential? I’ll likely stop using this card once I’ve redeemed the remainder of my points….

  • ImAlreadyThere

    That is really disappointing to learn that for the Premier Card that the Flight Points Bonus is possibly being cancelled, this was really one of the key drivers for me using this card for airline purchases.

  • DTL

    Do you think there will be similar changes to the prestige card? If this card no longer has the companion ticket maybe its time to upgrade!

  • John

    According to a letter I got, Citi is discontinuing the following benefits of this card:

    -Flight Points

    -Points being worth 33% more when redeemed at Citi Thank You Travel Center

    -1.2 Thank you points for $1 spend for gas, supermarkets, drugstores, parking

    -No more bonus points for paperless statements

    -No more Annual companion tickets

    -No more anniversary bonus.

    New Benefits/replacement benefits:

    - 3x points on dining, entertainment, 2x on airfare/hotels, 1x on all other purchases

    -Points are now only worth 25% more when redeemed at Citi Thank You Travel Center

    - No authorized user fees when you add others to the account

    - Exclusive events scheduled for Citi Thank You Card members like concerts.

    To me, these changes make the card completely useless.

  • Shangying

    Citi premier card was one of my favourate. With the combination of 15% off airfare and flight points, I can get a lot of points each time I travel. Now it’s completely useless. So disappointed!

  • SBC

    I agree, I noticed my points dramatically this month and now found out why. I am done. Useless.

  • Owen

    I’ve cancelled my account with Citi thank you cards. The cash withdrawal they promised would not be at a high interest. They lied.They are still charging interest on that even after it has been paid off.
    Owen C.

  • Lynn

    Did anyone find a comparable card that will award points for miles flown? This card is now useless for me. Bad move on Citi!

  • sk

    What is the legal position of charging you for the card and then in the middle of the one year term of the card changing the benefits. Isn’t there an requirement that you should get what you already paid for?

  • Bored SysAdmin

    Logged on today to claim my $100 gas card only to discover that they dropped them :(

  • ETravels

    this is bad news! I’ve been using this card to book domestic and international trips for my group and I would rack up tons of points. no other card offers this benefit. I’ve very disappointed

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