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Citi ThankYou Preferred Sign-Up Bonus Increased 50% to 30,000 ThankYou Points

by on September 5, 2013 · 16 comments

in Citi

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Update: The offer mentioned below for the Citi ThankYou Preferred Card is no longer available. View the current  here.

Offer expired January 14, 2014.

The Citi ThankYou Preferred card just increased their bonus offer to 30,000 bonus ThankYou Points. You’ll earn 10,000 bonus points after $1,500 in purchases within the first 3 months of account opening, plus another 20,000 points after an additional $3,000 in purchases within the next 6 months – so your total spending is $4,500 in 9 months. Previously this bonus was 20,000 points when you spent $1,500 within 3 months, so with this offer, you can earn an additional 50% bonus of 10,000 points if you can manage the extra $3,000 in 6 months.

Citi Thank You Preferred

Earn 30,000 ThankYou Points with the Citi Thank You Preferred card.

Here are the details on the card:

  • Earn up to 30,000 bonus ThankYou Points after qualifying purchases — redeem for up to $300 in gift cards or other great rewards!
  • That’s 10,000 bonus points after $1,500 in purchases in the first 3 months of account opening, plus an additional 20,000 points after another $3,000 in purchases in the next 6 months
  • 0% intro APR on Balance Transfers and Purchases for 7 months. After that, the variable APR will be 12.99%-22.99% based upon your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.*
  • New: 2x Points on purchases for dining and entertainment
  • 1 ThankYou Point on other purchases
  • Points do not expire and earn unlimited Thank You Points
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • Travel with ease and enjoy global acceptance with Chip Technology
  • No annual fee*

30,000 ThankYou points is the equivalent of $300 in value towards travel and these points can cover travel expenses that you normally may not be able to cover with traditional airline miles and hotel points (like stays at small bed and breakfast hotels or rental cars). Not bad for a card with no annual fee.

The bonus on this card has historically gone as high as 40,000 points – most recently back in December – though to score the entire bonus you had to spend $6,000 within 6 months, and there were some application links floating around back in early 2011 that people reported getting 50,000 points on for spending $10,000 in 6 months, but this bonus seems to be a happy medium between moderate spending and a decent-sized bonus.

Other perks of the card include:

Bonus Spending Categories: Previously, you only earned 1 ThankYou points per $1 on all purchases, however they recently changed that, and you now earn 2 ThankYou points per $1 spent on dining purchases and entertainment including movies, museums, amusement parks, sporting events, even iTunes and Netflix downloads with no limits on the bonus you can earn – and 1 point per $1 on everything else. In my opinion, this is a positive.

Travel Redemptions: This card offers 1 cent per point when redeemed for travel – hence the $300 back in value. But if you have both the Citi ThankYou Preferred and the ThankYou Premier (which has a $125 annual fee), you can redeem your points for airfare at 1.25 cents apiece, meaning this bonus could be worth as much as $375. However, remember that if you are spending mostly on restaurants and travel, you’re actually getting 2% back since you’re earning double points with this card. Plus, when you use ThankYou points for flights, it’s basically like purchasing the ticket with cash, so you still earn miles and elite credit on most fares.

Non-Travel Redemptions: The ThankYou Preferred also offers 1 cent per point on many non-travel redemptions including most gift cards and other expenses like mortgage or student loan payments, while straight cash back gets you 0.5 cents per point in value

Other Benefits: While it might be easier to use this card abroad thanks to its SmartChip technology, it will cost you about 3% to do so because of foreign transaction fees, so just keep that in mind.

The other card I would compare this one to is the no-annual-fee Barclaycard Arrival, which currently comes with a sign-up bonus of 20,000 miles when you spend $1,000 in 3 months. While the minimum spending requirement is lower on the Arrival and you get a 10% miles refund on travel redemptions, the extra $100 in redemption value on the current Citi ThankYou Preferred more than makes up for that if you can meet the minimum spending requirement. Not only that, but the 30,000-point, $300-value sign-up bonus also outdoes many of the other no-annual-fee travel credit cards out there, so if you’re in the market for a new card with minimum cash outlay, this might be the offer for you.

Some of my other favorite no annual fee cards include:

Chase Freedom
Current Sign-up Bonus: 10,000 points after you spend $500 in the first 3 months
Annual Fee: $0
Other Benefits: Offers 5x points on quarterly rotating bonus spend categories and 1% cash bank on all other purchases

Chase Sapphire
Current Sign-up Bonus: 10,000 points after you spend $500 in the first 3 months
Annual Fee: $0
Other Benefits: Earn 2 points per dollar on all dining. Redeem points for 1 cent each towards travel.

Capital One VentureOne Rewards Credit Card
Current Sign-up Bonus: 20,000 points after you spend $1,000 in the first 3 months
Annual Fee: $0
Other Benefits: You’ll earn earn 1.25 points for every dollar you spend which can then be redeemed for travel at a fixed rate of 1 cent per point. Also this card has no foreign transaction fees.

Also check out these related posts:
Top Current Credit Card Offers With First Year Annual Fee Waived
Travel Tuesday Top 10: No Annual Fee Credit Cards for Travelers
New Citi ThankYou Preferred Versus The No Annual Fee Barclaycard Arrival
Changes To Citi ThankYou Preferred – 2X Earning on Dining and Entertainment, No More Anniversary Bonus
The Best Current Citi AAdvantage Credit Card Offers

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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  • Jason

    If I sign up for the thankyou preferred, would I still be able to get the bonus on the premier card later on if I apply for that someday?

  • thepointsguy

    Yep

  • zbird

    I’ve got the opposite question — if I already have Premier can I also sign up for Preferred to get this bonus?

  • thepointsguy

    Yes- citi allows you to get the signup bonus for separate products

  • Pingback: Increased bonus for Citibank Thank You Preferred card | Miles For Family

  • Maxim

    Back few month ago there was 50K sign up bonus for this card. I would wait out.

  • sssss

    link please

  • thepointsguy

    There is no active link to 50k..in fact that’s the best I’ve ever heard

  • C

    App says depending on credit worthiness you may get the regular Thank You card. Any idea if this would cancel out the bonus? It doesn’t really specify one way or the other.

  • Danny

    a few months ago, i received a targeted mailer for 25,000 points for a $1,000 MSR, which is the equivalent of a 25% reward (based on the traditional 1,000 point = $10).

    This current offer is 30,000 for $3,000 MSR, so it is only a 10% reward. This would be a decent offer if one doesn’t care about these return ratios (i.e. has the expenses to allocate to this CC) and wants a higher absolute reward.

  • Todd Zino

    Any hope that Citi eventually goes “full Sapphire” on this and allows 1:1 ThankYou:AAdvantage transfers down the road? It would make a lot of sense, given how Delta:MR and United:UR already make it worthwhile to have multiple cards from those respective issuers.

  • Kenny

    Hi Brian thanks for the heads up!! I already have this card but the MasterCard version…will I be eligible for the sign up bonus on this visa version?

  • Wonderer

    Same question. I sit around 750 score wise, but I just obtained a new citi card (AAdvantage Visa) about 2 months ago. Wondering what my odds of being approved for this offer vs a lower one are based on score and recent approval

  • Chris Hsu

    so does this mean it takes 6 months to realize the 30k points?

    Meaning 1500 within the first 3 months to get 20k points and after that 3 months promotion is completed then you have another 3 months to spend an addl’ 1000 to get the last 10k points? So you can’t have spent $2500 in the first month and qualify for all 30k points correct?

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  • Eric

    When I click the link, I see an offer for 20,000 points, but it doesn’t saying anything about the additional 10,000. Is this a targeted offer? Or is the 30,000 offer already gone?

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