Citi Cuts Earnings for Some Gas Purchases With the ThankYou Premier Card
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Citi is changing up the ThankYou point earning structure just a little bit on the Citi Premier Card. TPG Editor-in-Chief Zach Honig received a letter in the mail from Citi explaining that the 3x points on travel earning was set to change for some purchases.
Beginning July 22, 2017, gas purchases made at warehouse clubs, discount stores, department stores and convenience stores will earn just 1 point per dollar. Prior to this change, all gas purchases fell under the card’s category of earning 3x points on travel purchases. So, this small change excludes gas purchases from select retailers from earning the category bonus.
This change isn’t drastic enough to alter the value of the card — there are still plenty of fantastic ThankYou point-earning opportunities to take advantage of. In this letter, Citi also detailed that an error caused some gas purchases made at convenience stores between November 15, 2015, and now to earn just 1x point. During that time, if you made (or will make) a gas purchase at a convenience store through July 21, 2017, you’ll receive an additional 2x points for every dollar spent. The additional points will post on your September or October 2017 statement.
As a reminder, the Citi Premier Card currently comes with a sign-up bonus of 50,000 points after you spend $4,000 in purchases within the first three months. With the card, you’ll earn 3x points on travel purchases, 2x points on dining and entertainment and 1x points on all other purchases. There are no foreign transaction fees and a $95 annual fee (waived for the first 12 months).
Featured image courtesy of Mongkol Chuewong via Getty Images.
WELCOME 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.
- 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
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.