Citi ThankYou® Premier Card Review
When you’re spending money every month, you start to feel like you should be getting something back for all those dollars. That’s where the Citi ThankYou® Premier Card from Citi, a Credit Cards House advertiser, comes in. This travel cash-back card aims to reward people who use a credit card responsibly and want to earn some rewards.
The Citi ThankYou® Premier Card has a slew of features targeted to travelers, but is it the best pick for those who’re in the air more than they’re on the ground? Read below to find out.
How This Card Works
The Citi ThankYou® Premier Card has one of the higher spending bonuses, with 3X points on travel and gas, 2X points on eating out and entertainment, and 1X points on everything else. According to Citi, the travel category includes “gas, airfare, hotels, cruises, car rental agencies, travel agencies, railways, public transportation, tolls, taxis, parking, Lyft rides and much more.”
Plus, Citi’s currently offering 60,000 bonus points when you spend $4,000 in the first three months of account opening. That’s one of the lowest minimum spend requirements for a travel card. A small family or couple can easily reach that goal after paying for gas, groceries and entertainment purchases.
Points are more valuable if you redeem them for flights through Citi's ThankYou® Travel Center, where they’ll receive a 25% bump. This would make the sign up bonus worth $750 if redeemed for airfare. There’s no minimum redemption necessary and your ThankYou® points never expire.
Benefits for travelers include no foreign transaction fees, as well as lost baggage protection, travel assistance, trip cancellation coverage, car rental insurance, and travel accident insurance. These perks are included with the card for free and can save you hundreds if you travel frequently. Make sure to make all related payments on the card so you qualify for these benefits.
Another feature is the Citi Price Rewind program, where the card looks for eligible purchases whose prices have decreased since you bought them. Citi Price Rewind can get you the difference so you never overpay.
This card has a $95 fee that’s waived for the first year. Consumers should do the math and evaluate the rewards against the fee. The annual fee only makes sense if the rewards are worth more than the annual fee.
Other cards have better sign-up bonuses with similar annual fees and slightly higher minimum requirements. The Citi ThankYou® Premier Card is only your best bet if you don’t qualify for a higher offer.
The APR, which ranges between 15.99% - 23.99% (Variable) depending on your creditworthiness, can also be high compared to a regular credit card. As with any credit card, only spend as much as you can afford to avoid fees.
Consumers who want to redeem their points for statement credit can only do so with eligible purchases. It’s not clear what makes a purchase eligible or ineligible, so be wary if you assume every item will count.
Another downside, and one that’s vital for frequent flyers, is that Citi ThankYou® Points aren’t transferable to most popular airlines loyalty programs. Citi lists JetBlue TrueBlue and Virgin Atlantic Flying Club as the only two domestic partners. You may need to look elsewhere if you want to transfer miles to American Airlines, Delta, or United loyalty programs.
The Bottom Line
The Citi ThankYou® Premier Card is best for avid explorers who want a card that can help them travel more. Between the bonus rewards and other benefits, it’s a perfect fit for a traveler looking for a card in-line with their spending.
However, while customers can redeem ThankYou® Points on travel booked through the ThankYou® TravelCenter, the transfer points options are limited. They might get stuck with points that they can’t transfer for the trips they want. If you’ve already applied and used other travel cards, then this card might be a good second-tier option.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.