Citi Premier Card Review: 60,000 Points = $750 in Airfare Booked at ThankYou.com, $95 Annual Fee

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The Citi Premier Card has changed up their sign-up bonus to 60,000 bonus points (worth $750 in airfare booked at ThankYou.com) with a $95 annual fee for the first year (not waived). Here are the highlights:

  • 60,000 bonus ThankYou points after $4,000 in purchases in the first 3 months
  • 3X points on Travel, including Gas Stations
  • 2X points on Dining Out and Entertainment
  • 1X points on All Other Purchases
  • Points Transfer allows you to transfer points to participating airline and hotel loyalty programs
  • No foreign transaction fees
  • $95 annual fee.

3X points include both air/hotel/car rental and daily commute items. “Travel” includes hotels, airfare, taxis, car rental, public transportation, parking, cruises, and gas. When combined with the 25% travel premium, makes that equivalent to a 3.75% reward towards travel booked through Citi Travel Center. The double (2X) on restaurants (includes bars and fast food) and entertainment (sporting events) makes that 2.5% towards travel booked through Citi Travel Center.

Bonus details. The current bonus is 60,000 bonus points and $95 annual fee. 60,000 points are redeemable for $750 in airfare on any airline, anytime with no blackout dates when booked through the ThankYou.com travel portal, or $500 in gift cards when redeemed at thankyou.com. The previous offer was 50,000 points and the first year of annual fee waived, so this can be seen as a slight improvement as 10,000 points can be redeem for $125 in airfare vs. the $95 annual fee. If you got a lower bonus recently, it doesn’t hurt to ask Citi to match the current bonus via their secure message system. The worst they could say is no.

Note the following fine print:

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

ThankYou.com Travel Center redemption details (60,000 points = $750 in travel). With this card, every 10,000 ThankYou points will get you $125 in airfare, hotel nights, car rentals, and cruises book through the ThankYou.com Travel Center, which in my experience has very similar (if not identical) total price with taxes as compared to Expedia, Orbitz, etc. Because you can book any flight that can be otherwise purchased with cash, there are “no blackout dates”.

This can be even more flexible than traditional “miles” redemptions because you can use it across multiple flights, multiple passengers, and you can even do partial redemptions. Let’s say you found a ticket that want for $200 = 16,000 points, but only have 10,000 points available. Citi now lets you pay the difference, so in this case you can get your $200 ticket for 10,000 points and $75. This makes it easy to use up all of your points at the better travel rate without buying anything extra you don’t need.

60,000 ThankYou points = $600 in gift cards, $600 check towards student loan or mortgage. You can view your redemption options at ThankYou.com. I took a quick look and it takes 10,000 ThankYou (TY) points to redeem for a $100 gift card to retailers like Gap, Banana Republic, Barnes & Noble, Bath and Body Works, Bed Bath & Beyond, Cabelas, CVS Pharmacy, Kohl’s, Land’s End, LL Bean, Sears, Lowe’s, Home Depot, Staples, and Walmart. So with 60,000 TY points, you could get six $100 gift cards from different stores.

For a check mailed to you, it is 8,000 points for $50 (1 points = 0.625 cent). A better conversion ratio comes from a check mailed towards your mortgage payment or student loan (it arrives made out to your lender), which is 7,500 points for $75 (1 points = 1 cent).

Hotel points and airline miles transfer options. Citi ThankYou points are also now available to transfer to certain airline mileage programs on a 1:1 basis including JetBlue, Cathay Pacific, EVA Air, Etihad, Flying Blue by Air France and KLM, Singapore Airlines, and Thai Airways. For example, 60,000 TY points can get you 60,000 Singapore Airlines KrisFlyer miles. If you know how to redeem these points wisely and like to fly in international business class, you can get a lot of value. For example, Singapore Airlines has some very nice award options and great customer service.

Bottom line. The Citi Premier Card is a premium travel card with a $95 annual fee. Currently, new cardholders can get a sign-up bonus of 60,000 ThankYou points = $750 in airfare on any airline, anytime with no blackout dates when booked through the ThankYou travel center. Minus the $95 annual fee, and the total first year value is roughly $650. Note the restrictions if you’ve had or closed a similar ThankYou card in the last 24 months.

I do not receive a commission for this card. I will be adding this offer to my ongoing list of Top 10 Best Credit Card Bonus Offers.

qara.info has partnered with CardRatings for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.



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Comments

  1. Can you cancel before incurring the 2nd year annual fee? Also how do you receive the point bonus?

  2. Correction: How long does it take to receive the point bonus .

    • Brian, of course you can cancel when you see the annual fee post to your account. You just call them and say you want to cancel because you don’t feel like paying $95. It can go two ways from there. They can credit it back to you to keep you as a customer for another year or they can credit it back to you and close the account. You will receive the bonus points on your monthly statement if you meet the $3000 spend requirement. For example, if you spend $3000 in the first month, you will get 50000 on your first statement.

  3. Daniel H. says:

    Related to booking travel, you may be able to save a bit more money if you are able to find cheaper airfare on the airline site. I don’t remember the exact numbers but I was booking flight on United and Travel Center showed airfare that about $10-$20 higher than on United website. When I called them about it they checked it out and price matched it for me.

    Actually, I didn’t call them about this specifically. There system was going through some update and Travel Center didn’t show the 20% discount. You had to call them and book by phone to get the discount. I just mentioned it in passing during that call. I was a pleasant surprise.

    • That was the exact thing that happened to me. I’ve called them because the discount but I’ve also mentioned the price difference in the airline site and they’ve price matched. Very smooth transaction. Pleasant surprise for me as well.

  4. David Rosenberg says:

    Well I opened that card pretty easily.

  5. Can you get all five $100 gift cards for the same store like WalMart? I didn’t see a phone number to call Citi to ask questions about this card or to apply via phone.

  6. Love your blog. I’ve been reading it for years. Question about redeeming ThankYou points. Have you tried recently to have a check made out to your bank for your mortgage payment and then deposited the money into a personal account?

  7. Thanks Jonathan! Appreciate you passing on these credit card deals.

  8. Does anyone have a Citi checking account to earn additional TY points and extend the expiration past closing the premier card?

  9. Just got approved for the card, however I could not find the redemption option for the $500 mortgage credit in the list of benefits.
    Where do you find this?

    • To see the mortgage redemption option, go to ThankYou.com, log in with account, and use their search box with the term “mortgage”. It should come up. Run a search for “student” to find the student loan option under Cash & Charity.

      “ThankYou® Rewards offers members the opportunity to use their ThankYou® Points towards their monthly mortgage payment with financial lending institutions. ThankYou Members who redeem will receive a letter with a check issued on behalf of ThankYou Rewards made out to the financial lending institution to be used towards their monthly mortgage payment. To redeem, members must our ThankYou Service Center (1-800-THANKYOU) and must provide the Agent with the name and correct spelling of your mortgage financial lending institution.”

      • Dan White says:

        Thanks Johnathan,
        Called Citi customer service and they were very confused. I will search this when I get my card.
        You are the best and I refer people to your site often.

  10. I already had a citi thank you preimier card that i opened back in july of 15, and cancelled a week ago. Can i reapply now or do i have to wait?

    • be very careful. Call them up to confirm that you qualify for bonus points.
      I spent all the money in 3 months to find out that I don’t qualify since I had this card before.
      Good luck!

  11. Hale Relic says:

    Id like to know more about the history behind that logo or seal. It is very similar to the Seal of the City of New York. Who was the artist and what do the symbols mean?

    • Citibank was founded in 1812 as “City Bank of New York.”

      The similarities to the seal of the city of New York are intentional.

  12. Does anyone know if you can still use Citi Thank You points at Amazon? If so, what is the value of a point at Amazon?

    • Yes you can, but the value is only 0.8 cents per ThankYou point when redeemed at Amazon. Useful in a pinch, but I’d much rather wait and get 1.25 cents per point on airfare/hotel/car rental.

  13. What are the rules for someone getting the card again? is there some 2 year requirement to get a new bonus?

    • Bonus ThankYou Points are not available if you have had a ThankYou Preferred, ThankYou Premier or Citi Prestige card opened or closed in the past 24 months.

      Basically, you have to close the account and wait 24 months before applying again and getting a new sign-up bonus. This applies per person, so a spouse/partner would each have their own 24 month period.

  14. I believe this should be changed in the article:

    “with 30,000 TY points, you could get five $100 gift cards from different stores.”

    s/30,000/50,000/

  15. Can the points be used at Southwest? It’s pretty much the only airline I fly these days, and their points tend to be worth in the 1.8 – 2.2 x dollar range.

  16. Hi,
    I am confused about this card. Is it a Mastercard or Visa?

  17. My wife and I both got denied… i wonder why….we have excellent credit

  18. I just got this offer in the mail and am really considering going for it. Mine actually only requires $3k of expenditures in the first three months to get the bonus and first year fee waived. Too good to pass up.

  19. On Citi website, it states:

    “REDEEMABLE FOR $750 IN AIRFARE AT THANKYOU.COM”

    But in the blog post, it states:

    “$750 towards flexible airfare, hotel nights, car rentals, and cruises.”

    So which is it? Can it be used for airfare ONLY or for airfare, hotel, car and cruises ? I am interested in redeeming for hotel nights, so this is important to me.

    • Yes, you can redeem ThankYou points towards hotel nights as well. Here’s an exact copy and paste from Thankyou.com website:

      The online booking tool on thankyou.com, lets you redeem ThankYou Points without loads of restrictions: there are no blackout dates, no minimum stay requirements, no limits on available seating and no Saturday night stay requirements. You can also redeem for stays at over 90,000 hotels and resorts worldwide, rental cars, destination activities, cruises and exotic getaways, in addition to any airline available through Connexions.

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