New 50,000 Point Bonus On Citi Thank You Premier Card!

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Update: This offer for the Citi ThankYou® Premier Card is expired. Learn more about the current offer here.

Link: Citi ThankYou® Premier Card

Beginning today, Citi has improved the sign-up bonus on their mid-tier card, the Citi ThankYou® Premier Card. You can now earn 50,000 bonus ThankYou Points after $3,000 in purchases within the first 3 months of account opening. The annual fee is waived the first year, and $95 per year thereafter.

Previously the card had a sign-up bonus of 20,000 points after $2,000 in purchases within the first 3 months of account opening, and then an additional 30,000 points after another $3,000 in purchases within the first three months of your second year of being a cardmember. In other words, you had to wait a whole year (and pay the second year’s annual fee) before earning the sign-up bonus (for those of us that like instant gratification, that’s not so fun).

This improved sign-up bonus coincides with the positive changes which Citi made to this card as of yesterday, April 19, 2015.

Citi ThankYou® Premier bonus categories

The Citi ThankYou® Premier Card has the following earnings structure:

  • 3x points on travel
  • 3x points on gas
  • 2x points on dining out and entertainment
  • 1x point on all other purchases

Earning 3x points on travel & gas is awesome!

For what it’s worth, Citi also has a pretty liberal interpretation of what constitutes travel, which includes airlines, hotels, car rental agencies, travel agencies, gas stations, commuter transportation, taxi/limousines, passenger railways, cruise lines, bridge and road tolls, parking lots/garages, campgrounds and trailer parks, time shares, bus lines, motor home/RV Rental and boat rentals.

Singapore-A380-Suites-Class-80
Earn 3x points on all travel purchases with the Citi ThankYou Premier Card

This card can be rewarding for everyday spend

With 3x points on travel and gas, this is in my opinion on balance the best card for spend in those categories.

Prior to this, most of my travel spend went onto the Chase Sapphire Preferred® Card, though this is enough to make me switch.

Meanwhile 2x points on dining matches the Chase Sapphire Preferred® Card, though this card also gets you 2x points on entertainment. My dining spend will likely continue to go on the Chase Sapphire Preferred® Card.

Citi is really improving their program

Traditionally when you think of the “big three” transferable points currencies, American Express Membership Rewards, Chase Ultimate Rewards, and Starwood Preferred Guest come to mind.

Citi clearly wants a bit more of the action, because around the middle of last year, Citi ThankYou points became transferable to more than a handful of airlines, including Singapore Airlines KrisFlyer, which is one of my favorite frequent flyer programs.

Citi has stepped up their game even further, and over the past few weeks we’ve seen an increased bonus on the Citi Prestige Card, which is offering a sign-up bonus of 50,000 ThankYou Rewards points after spending $3,000 on the card within the first three months.

Seeing a comparable bonus on their mid-range card is awesome, and I hope an indicator that Citi will become more competitive with Chase and Amex in the rewards card space.

Having this card increases the value of your other ThankYou points

Many people have ThankYou points from another Citi product, either the Citi ThankYou® Preferred Card which had a nice bonus a few years back, or from downgrading other cards to a no-fee product that earns ThankYou points.

Points can be combined across all your ThankYou accounts, which means that if you have a “premium” card like the Citi ThankYou® Premier you can effectively pool and then transfer all your ThankYou points to airline partners.

Beyond Singapore KrisFlyer, the transfer partners of the “premium” ThankYou cards are as follows:

Air France/KLM | Flying BlueGaruda Indonesia | Frequent FlyerQantas | Frequent FlyerTurkish Airways | Miles & Smiles
Cathay Pacific | Asia MilesJet Airways | JetPrivilegeQatar Airways | Privilege ClubVirgin Atlantic | Flying Club
EVA Air | Infinity MileageLandsJetBlue | TrueBlueSingapore Airlines | KrisFlyerHilton | HHonors
Etihad | Etihad GuestMalaysia Airlines | EnrichThai Airways | Royal Orchid Plus

Make the card even more valuable in conjunction with the Citi Prestige Card

I’ve also written extensively about the Citi Prestige Card, which is also offering an increased sign-up bonus. I’ve actually applied for both the Citi Prestige Card and Citi ThankYou® Premier Card in recent weeks.

What’s great about the Citi Prestige Card is that it actually makes your ThankYou points potentially even more valuable, given that you can redeem those points for 1.6 cents each towards the cost of an American or US Airways ticket.

In other words, if you have both the Prestige and Premier cards, you can “pool” those points on the Prestige and redeem them towards the cost of American/US Airways tickets at a rate of 1.6 cents of value per point.

Bottom line

Given that this card has among the most lucrative category bonuses out there, no foreign transaction fees and a reasonable annual fee, it’s quickly turning into what could be a lucrative primary card. The improved terms of the sign-up bonuses and recent positive changes to the card make it an absolute no brainer, in my opinion.

I was approved for the Citi ThankYou® Premier a few weeks ago — who is looking at applying for the card now given the awesome new sign up bonus?

Link: Citi ThankYou® Premier Card

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Comments

  1. @ Sean — I’m not sure, unfortunately. I would expect it to stick around for a while, though not forever. So if I had to guess I’d say at least a couple of months. I could be wrong, though.

  2. I don’t think you can transfer out TY points that you accumulate through checking or other bonuses (such as the monthly bonus) even if you have a premium card product. Can you confirm?

  3. i applied for the prferred on 3/1 and prestige on 4/9. Is this correct: i have to wait 65 days from 3/1 if i want to apply for the premier?

  4. @ Pointie — I can’t speak to checking points since I only have credit cards with Citi, but you can definitely transfer points from the Premier to the Prestige, and from some other card products to the Premier.

  5. @ Mangoceviche — Correct. You can only apply for one Citi card every eight days, and you can apply for no more than two Citi cards every 65 days.

  6. Hey Lucky, I got approved for this card on 3/24 under the old 20K+30K offer. I guess, you also got one under old offer. Wondering if Citi will match this better 50000 Points offer for us now.

  7. This is a great card and a great deal. It really didn’t start today though. I was approved for it at the beginning of the month. I’m going to wait another month or so and apply for the Presige card also. I think I’m going to go with the $350 60k in branch offer with the higher spend requirement. For me I think that’s a better deal.

  8. @Pointie: I hereby confirm. What the card’s official T&Cs call “taxable points” — you and I would call them banking-side points — are definitely NOT transferable. But here’s where the Prestige does its magic: it still multiplies these points by 1.6 when redeemed for American Airlines tickets through the Citi travel portal. With a Gold account, this extra 60% is worth at least $70.20 per year.

  9. I want to apply for both pristige and premier. How long do I have to wait between the two apps and which one should I get first?

  10. Just out of curiosity, what material are these cards made of? Are they the same as the sapphire preferred/united club cards from chase?

  11. i would definitely apply for this card if it had better transfer partners like ANA or korean air. their redemption rates are much better than those of singapore or cathay pacific.

  12. I am going to agree about moving Travel spend to this card/Prestige from the CSP. Dining I’ll probably still keep on the Sapphire, at least until the 7% annual dividend expires at the end of the year. Citi will definitely be taking a lot of action going forward.

  13. @ steven k — I do wish ThankYou had better partners, but between Singapore, Air France, and being able to redeem the points for 1.6 cents each towards AA/US travel in conjunction with the Citi Prestige Card still makes it a no brainer for me.

  14. @ Peter — You have to wait eight days between Citi applications. It shouldn’t matter which you get first. Truly no difference one way or another.

  15. @ Bill S — You got a 50K bonus without having to wait a year on this card at the beginning of the month? News to me that this was possible.

  16. @ Jagadish — Great question. I’d recommend sending a secure message to ask. They might match, or they might not.

  17. @ Lantean — The terms of the card state: “Bonus ThankYou Points not available if you have had a Citi ThankYou® Premier card opened or closed in the past 18 months.”

  18. Don’t forget “Entertainment ” is 2X ie Turley Vineyards and San Francisco Giants. For season ticket holders this is the best

  19. @ Lucky – Yes, I got the 50k / $3000 / 3 month deal on April 4th. I used the Citi pre-approved site and that deal showed up. It seemed like something I should jump on before it went away. Now I’m waiting to add the Prestige card. That one seems like it will pay for itself and could be a keeper. That’s one reason the $350 AF version appeals to me.

  20. Well dang it, I drank the kool-aid and applied for the Prestige yesterday (through your link!). Wish I’d have waited as the 3x on all travel surely trumps 3x on just hotels and airlines. Yeah, the prestige has some nice ancillary benefits — but if I knew this card would have a 50k bonus (that didn’t take more than a year to earn), I may have bit on this offer first as it offers some nice earning opportunity that would definitely steal spend from my CSP. Too bad. Unfortunately, I’m at my Citi app limit for a while here.

  21. A few weeks ago, I was debating whether to apply for the 60K Prestige offer, or the old Premier offer first. Now so glad I went with the Prestige. In another month I’m good to apply for this much better Premier offer, and I’ll certainly use Lucky’s link. Total of 128K points in a couple of months definitely makes me a happy camper. 🙂

  22. I applied for this card under the old promotion 20k+30K 2 months ago; do you think I would get this new bonus if I were to apply for it? Thank you.

  23. Lucky,
    can you enlighten me on how the partner award redemption works?
    let’s say i get this card and transfer points to air france. if i were to get korean air ticket using flying blue miles, who’s redemption rate i get charged, air france or korean air?

  24. i just got approved for the Prestige last week, and will probably apply for the Premier as well. But I am now wondering, is there a reason to keep the CSP, even though I don’t have an INK card?

  25. My buddy just got a targeted 100k offer from Citi for the prestige card. Double checked online and there is indeed the offer. Anyone know how to become a good target? 🙂

  26. @ Sharon — I think it all depends how you like to redeem your points and what categories you spend most in. What do you like to redeem points for, and what do your spend patterns look like?

  27. @ steven k — You’re always charged based on the award chart of the airline with which you have miles. So if you transferred points to Air France FlyingBlue you would be charged per their award chart. You can make the transfer directly on Citi’s website.

  28. @ Brian — I don’t think you could earn the bonus again, but you could try secure messaging them and asking if they’ll match the bonus.

  29. @ Nico — Sorry to hear that. As you know you can eventually get the Citi Premier as well, and chances are the bonus will stick around for a while. Could you maybe cancel some Citi cards down the road so you can pick it up?

  30. I applied for the Prestige last week when you had a post about it and got the refusal online which surprised me in some ways but not others. I have a credit score of 802 but have a ridiculous total credit line for our household credit cards. Couldn’t be bothered calling as truthfully I have more than enough spend to make on my existing cards. However I just received an email welcome to my new credit card telling me I have been approved with a credit line of $30k. So even if there is an automatic refusal there must be someone doing reviews of those applications.

  31. None of Citi’s transfer partner seems to appealing. @Lucky, have you ever redeemed any award ticket using Citi’s transfer partners?
    I flew lots of EVA, CX. I know their FFP suck. They can’t even compete with Air China’s Phoniex miles. I put all my butt-in-seat miles to Air China’s FFP program and gets better accrual ratio.
    KrisFlyer is even worse because of so called PPS Club.
    I would wish Citi adds Air China to its transfer partner. Surprisingly , I found Air China tends to be one of the best FFP program (Right after United, Air Canada, Asiana) Partially because it has one of the eaiset Lifttime Star Gold policy 620k miles) and because it only requires 65000 miles for round trip between Hong Kong and Europe in CX business class..

  32. @ Hikd — Agreed their transfer partners have some opportunities for improvement for sure. That being said, I’m a big fan of Singapore KrisFlyer, and Air France FlyingBlue can be quite useful as well. What I plan on using my points for, though, is paid travel on American. In conjunction with the Citi Prestige Card, those points are worth 1.6 cents each:
    http://onemileatatime.boardingarea.com/2015/04/10/how-to-get-800-in-airfare-with-the-citi-prestige-card/

  33. ok, Lucky.
    i bit the bullet, applied through your link and was approved.
    i still don’t know to whom to transfer the points.. let’s hope citi adds some more partners in near future.
    worse comes to worst, i’ll just use them on amazon.

  34. @ steven k — KrisFlyer and FlyingBlue options are a great option, if nothing else. Or you can always pick up the Citi Prestige as well, and then use those point efficiently for paid travel on American.

  35. I applied through your link last week and was approved. They matched the new bonus offer after I sent a secure message last night!

  36. Hi Ben

    1) I applied for this card a few days ago, do you think they will match me to the new signup bonus terms?

    2) I messed up and applied for a citi personal/business card on the same date. I was denied for the business card. Can I apply for the business card again in 8 days? or wait 95 days?

  37. Hey Lucky –

    Do you know how long it takes for points to transfer from Citi to their airlines partners?

    Also, what credit bureaus does Citi get its credit reports from?

  38. Lucky,

    Am I correct that anyone can transfer Citi TYP’s to each other? If so, if I have the Prestige and my wife has the Premier, can she move her points to me for me to take advantage of the 1.6 cents per TYP on AA? Thanks!

    Mark

  39. @ snic — Not sure which bureaus they pull from, unfortunately. As far as transfers go, to Singapore KrisFlyer (my favorite transfer partner) they take about 24 hours. Others will take shorter, and some will take longer.

  40. @ Mark the Shark — Yep! Shared points expire after 90 days, but other than that, you sure can.

  41. @lucky, to answer your questions about my spending pattern on the CSP, I charged all my travel and dining on it, everything else would go on the Amex everyday preferred or the SPG, and this quarter the Barclay US airway card. We have a lot of real spending (for being a family of 5) plus I do about 20k MS/mth.. So far this year I have been charging heavily on the delta card for the MQM (yeah I know, don’t repeat me 😉 I transfer my CSP points to Hyatt most of the time since I rarely fly United. I go to asia sometimes and I would fly Cathay (but I don’t need more AA miles as I have a ton of it) and stay at Hyatt or Marriott hotels. Hotel points are never enough for me as each we travel as a family I need two rooms, unless we stay in timeshare resorts where I get a two bedroom unit. I do plan my trip far ahead and currently booked for next year a week of cruise plus two weeks In Cabo and one week in Hawaii (the penthouse unit in Hilton Hawaiian Village)! I might redeem miles for the flights or might have to pay cash, all depends what the fare looks like. So points generated by CSP don’t seem to be needed for next year, and I have been thinking if I should downgrade it to a second Freedom, but I would lose the ability to transfer the points since I don’t have an INK card. Thanks!

  42. Hi Ben,
    My wife and I each got approved two weeks ago for the Prestige card using your link. I just did the Premier card application using your link also for each of us. I got approved, but my wife got the “pending further review”. What do we tell them when we call in and they say “why do you want a premier card when you just got a prestige card two weeks ago?”

  43. @ tim — Thanks for the support! The cards have totally different benefits, so no trickery needed here. Just explain you value the lounge access, airline credit, fourth night free benefit, etc. The benefits of the card should speak for themselves. Good luck to your wife and let me know if you have any other questions!

  44. I didn’t see any mention of this in the post, but can thank you points still be used at a rate of 1.25 cent per point for paid fares? really not interested in the transfer partners and would like to use it to purchase airfare if thats still possible. $625 in free airfare would make this worth it for me.

  45. re: the transferred points that expire in 90 days – if I have 150000 points (100000 earned in my account + 50000 transferred in) and I decide to transfer 50000 to SQ, will the 50000 transferred in points transfer out first?

  46. @tim – It could also be an issue of total credit limit, since your wife will have multiple Citi cards. When she calls, she should be prepared to offer to lower her credit line on an existing card.

  47. I just got the card in January, meet the spending requirements, and got the 20K TYP sign up bonus. Any experiences out there for people calling to get the enhanced sign up bonus for this card?

  48. Regarding applying for multiple Citi cards, I applied for two in a day April 4th, the first was approved, the second not, because ‘too many application in a short period.’ I called and Citi said they could not process two in a day, so the second was declined. They said they didn’t even pull my credit score for the second one.

    My question is, do I now wait 65 days from April 4th, or am I now good to attempt a second, as it’s been thirty days from the initial pull, and the second card application wasn’t processed as a second card?

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