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Update: Some offers mentioned below are no longer available. View the current offers here – Citi ThankYou Premier Card
If you haven’t applied for the Citi ThankYou Premier Card yet but have been considering it, now’s the time to pull the trigger. The card’s current bonus — 50,000 ThankYou points after spending $3,000 in the first three months of account opening — will end on January 28, 2016; less than a week from now.
It isn’t clear what the new bonus will be, but hopefully it won’t be a return to Citi’s previous, convoluted scheme, in which you couldn’t earn the full bonus until your second year as a cardmember. The current 50,000-point bonus is worth $800, based on TPG’s most recent valuations.
Reasons to Get It
In addition to a higher and easier to earn sign-up bonus, the Citi ThankYou Premier now features a lower annual fee ($95 waived the first 12 months, down from $125) and an elevated 3 points per dollar spent on travel. Citi’s definition of travel is pretty generous, too; it includes gas stations, public transportation, taxis and tolls, parking garages, cruises, car rentals, airfare and hotels. Since April 2015, the card does offer 2x rather than 3x points on dining and entertainment, but Chase Sapphire Preferred has always been our top pick for restaurant purchases, anyway.
Another draw for the Citi ThankYou Premier card is the 25% bonus you’ll get on travel redemptions made through the Citi ThankYou travel portal. For example, the current 50,000-point sign-up bonus is worth $625 for airfare, hotels and other expenses booked through the ThankYou Travel Center, while the same points are worth just $500 in gift cards from a selection of merchants.
Of course, you can also use points earned from the sign-up bonus to book travel with one of the Citi ThankYou Rewards program’s 11 transfer partners. These include Hilton HHonors, the sole hotel brand among the partners, as well as Asia Miles (Cathay Pacific’s loyalty program); EVA Air; Etihad Guest; Flying Blue; Garuda Indonesia; Malaysia Airlines; Qantas Airways; Singapore Airlines KrisFlyer; and Virgin Atlantic Flying Club. Plus, back in September Citi added its first US-based airline transfer partner: Virgin America. Currently, the transfer rate is 1,000:500, which isn’t great, but it’s a good option to have in a pinch.
Thanks to a decreased annual fee and an elevated bonus for travel spending, the Citi ThankYou Premier Card is more attractive than ever. The ThankYou Rewards program’s ever-growing list of transfer partners also sweetens the deal. With the current 50,000-point transfer option set to expire on January 28, now’s a better time than ever to apply for this card.Citi ThankYou® Premier Card