Skip to content

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

July 16, 2013
4 min read
More (Negative) Changes To Citi ThankYou and Premier Cards?
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here.

Citi is a TPG advertising partner

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 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.

Sign up for our daily newsletter

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.

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 Plus World Elite Mastercard: 50,000 bonus miles after you $3,000 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.

Top offers from our partners

How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers

TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023