60,000 points, 5 bonus categories: Why the recently refreshed Citi Premier is so compelling

Oct 22, 2020

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One credit card that is not in my wallet yet — but has been on my radar — is the recently refreshed Citi Premier® Card. With a 60,000-point bonus (after spending $4,000 in purchases in the first three months) and bonus points on a wide array of spending categories, this ThankYou points-earning card is worth taking a closer look.

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Back in August, Citi changed up its earnings categories for new Premier card applicants. The good news is that two new bonuses were added to help you earn ThankYou points faster:

Cardholders will now also begin receiving a $100 hotel credit, eligible on purchases of $500 or more made through ThankYou.com per calendar year. That’s a nice bonus — and new as of summer 2020.

Unfortunately, Citi eliminated the bonus on entertainment purchases (previously 2x) and the broad category of travel (previously 3x).

What can you do with those ThankYou points?

Based on TPG’s latest valuations, those 60,000 ThankYou points are worth more than $1,000. That’s because these points can be used for award flights via Citi’s airline transfer partners.

Lufthansa 747 business class (Photo by Zach Honig/The Points Guy)

After spending $4,000 in the first three months, you’ll have at least 64,000 ThankYou points.

That’s enough for several round-trip domestic United flights or a Lufthansa business class flight to Europe through Citi’s transfer partner LifeMiles. There are also plenty of great redemptions through Singapore KrisFlyer, Virgin Atlantic Flying Club, Flying Blue, Etihad Guest and other airline partner programs.

However, if you value simplicity, the 60,000-point sign-up bonus will let you book $750 of paid airfare directly at the Citi ThankYou travel center. Even better, you’ll earn miles and elite status on these flights by redeeming points this way, and you don’t have to worry about award availability. Note that Citi announced that this benefit will be eliminated for Citi Premier cardholders effective April 10, 2021 (1 point will equal 1 cent instead of the elevated 1.25 cents).

Related: Everything you need to know about ThankYou points

Things to consider

With the Citi Premier, you aren’t eligible for the sign-up bonus if you’ve opened or closed select Citi cards in the last 24 months.

“Bonus ThankYou® Points are not available if you received a new cardmember bonus for Citi Rewards+℠, Citi ThankYou® Preferred, Citi ThankYou® Premier/Citi Premier℠ or Citi Prestige®, or if you have closed any of these accounts, in the past 24 months.”

There are tons of other smaller benefits on this card that can get overshadowed by the big ones: free FICO credit score, temporary purchase lock, lost wallet protection for emergency cash, Citi Concierge access, free ShopRunner membership, no foreign transaction fees, Citi Entertainment and many more benefits.

(Photo courtesy of Citi)

Unfortunately, in 2019, Citi eliminated many travel protection benefits including lost baggage protection, trip delay protection and more.

Bottom line

Still, between a generous sign-up bonus and 3x points earning on a wide swath of categories, this is an excellent card for travelers to consider signing up for now. If you’re ready to add it to your wallet, here’s the link to apply for the Citi Premier card with a 60,000 point bonus.

Related: Review of the Citi Premier card

Additional reporting by JT Genter. 

Featured photo by Isabelle Raphael / The Points Guy. 

Citi Premier® Card

This card offers a 60,000-point bonus after spending $4,000 in the first three months. Plus, earn 3x points at gas stations, restaurants, supermarkets and on airfare and hotels. 1 point per $1 on all other purchases.

Apply Now
More Things to Know
  • Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • New! Earn 3 Points at Restaurants and Supermarkets
  • Earn 3 Points at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • New! Annual Hotel Savings Benefit
  • 60,000 Points are redeemable for $600 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases
Regular APR
15.99% - 23.99% (Variable)
Annual Fee
$95
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Recommended Credit
Excellent

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.

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