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Update: Some offers mentioned below are no longer available. View the current offers here – Citi Premier Card

Earlier this year, Citi’s ThankYou Premier Card offered a 50,000-point sign-up bonus. This week, the bonus dropped to zero. ThankYou Premier still offers the same suite of perks, including 3x points on travel (including airfare, hotels, taxis, gas and many other expenses), but if you were planning to get this card to take advantage of the 40,000 bonus points it had been offering, this isn’t great news. (Note that while you may see the 40k offer initially, it isn’t available when you click through to apply.)

While the ThankYou Premier card doesn’t currently offer a sign-up bonus, it’ll hopefully return sometime soon. In the meantime, however, there’s a fantastic alternative to consider: Citi Prestige.

The Citi Prestige card is currently offering a sign-up bonus of 40,000 ThankYou points after you spend $4,000 in the first three months. The card comes along with a hefty $450 annual fee, but the card easily pays for itself many times over — if you travel relatively often, you can recoup that cost in a few weeks or less.

For example, I signed up for my Prestige card a bit less than a year ago, so I’ve only paid the fee one time. During that period, I’ve received $500 in free United tickets ($250 in 2015 and $250 this year), tens of thousands of bonus points (worth 1.6 cents each according to TPG’s valuation), and many thousands of dollars in statement credits as part of the card’s phenomenal 4th Night Free program.

I got the fourth night free at Amanpulo, saving me $1,490 on a single hotel stay.

That’s not to mention the airport lounge perks (including access for the cardholder plus two guests to Priority Pass lounge around the world), three free rounds of golf each year and travel/purchase protection benefits (which are even expected to improve next month).

I have both the ThankYou Premier Card and Citi Prestige, but there’s no question that I get far more value out of Citi’s premium version, despite the high annual fee. As for the ThankYou points you’ll earn, those can be redeemed for 1.6 cents apiece toward travel on American Airlines, making the 40,000-point bonus easily worth $640 — and you can get even more value when transferring points to partners.

How much value do you get out of Citi Prestige?

2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

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Editorial Disclaimer: Opinions expressed here are the 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.

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.