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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.

You can use the sign-up bonus to work toward an award on Citi transfer partner Singapore Airlines.
You can use the sign-up bonus to work toward an award on Citi transfer partner Singapore Airlines.

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.

Bottom Line

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.

Chase Sapphire Preferred® Card

Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.

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More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR
N/A
Regular APR
16.24%-23.24% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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