6 Reasons To Apply For The Citi ThankYou Premier Card Today

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Since mid-July, the Citi ThankYou® Premier Card has been offering an increased sign-up bonus. We’ve never seen a bigger bonus than that before, and it’s expected that the sign-up bonus will be changing tomorrow, presumably for the worse. So if you’ve been interested in the card, you’ll want to apply in the next 24 hours (there’s a chance a phantom link may stick around for some amount of time after that, but it’s no guarantee).

With that in mind, in this post I wanted to look at six reasons you should consider applying for the Citi ThankYou Premier Card before the offer changes:

50K point sign-up bonus

Until the offer changes, the Citi ThankYou Premier Card is offering a sign-up bonus of 50,000 ThankYou points after spending $4,000 within three months of account opening. We’ve never seen a bigger publicly available bonus on the card. A couple of years ago there was a similar offer, but this is as good as it gets. For a while the card had no sign-up bonus at all, and then it switched to 30,000 points.

$95 annual fee waived for the first 12 months

Like many mid-range cards, the card has a $95 annual fee, though the annual fee is waived for the first 12 months. This is a great opportunity to try the card before you buy it, so to speak. Given the card’s sign-up bonus and bonus categories, it’s especially great to have the first year’s annual fee waived.

Fantastic bonus categories on spend

Purely in terms of bonus categories, I consider this to be the most well rounded mid-range card out there, as it offers:

  • 3x points on travel, including gas stations
  • 2x points on dining & entertainment
  • 1x points on all other purchases

While I do think Citi ThankYou points are worth slightly less than Amex Membership Rewards points and Chase Ultimate Rewards points, there’s not another mid-range card out there that offers such generous bonus categories, in my opinion.

At least $625 worth of travel

If you’re someone who doesn’t want to play the mileage game, at a minimum you can redeem Citi ThankYou points for 1.25 cents each towards the cost of airfare. So the 50,000 point sign-up bonus on the Citi ThankYou Premier Card will get you $625 worth of airfare, which is an awesome sign-up bonus.


Redeem ThankYou points for 1.25 cents each towards the cost of an airline ticket

Great transfer partners

If you do like getting outsized value of your points by converting them into partner points with an airline or hotel, Citi ThankYou has over a dozen airline and hotel partners, including the following:

Citi ThankYou Transfer PartnerTransfer Ratio
Air France KLM FlyingBlue1000 : 1000
Avianca LifeMiles1000 : 1000
Cathay Pacific Asia Miles1000 : 1000
Etihad Guest1000 : 1000
EVA Air Infinity MileageLands1000 : 1000
Garuda Indonesia GarudaMiles1000 : 1000
Jet Airways JetPrivilege1000 : 1000
JetBlue TrueBlue1000 : 500
Malaysia Airlines Enrich1000 : 1000
Qantas Frequent Flyer1000 : 1000
Qatar Privilege Club1000 : 1000
Singapore Airlines KrisFlyer1000 : 1000
Thai Royal Orchid Plus1000 : 1000
Turkish Airlines Miles & Smiles1000 : 1000
Virgin Atlantic Flying Club1000 : 1000
Hilton Honors1000 : 1500

If you don’t otherwise have Citi ThankYou points, keep in mind that some of these points currencies overlap with partners of Amex Membership Rewards, Chase Ultimate Rewards, and Starwood Preferred Guest.


Singapore KrisFlyer is partners with Amex, Chase, Citi, and Starwood

Solid travel protection

The Citi ThankYou Premier Card offers all kinds of fantastic travel and purchase protection, which is also among the best offered by any mid-range card. Here are the basic details, though you’ll want to check the cardmember agreement for all the terms associated with the benefits:

Citi Premier BenefitsDetails
Baggage Delay Benefit• You can be reimbursed up to $100 per Covered Traveler, per Trip if the Covered Traveler’s checked baggage doesn’t get to their destination within 6 hours of arrival

Lost Luggage Reimbursement• Receive reimbursement for lost, stolen, or damaged checked or carry-on bags and personal property

• You are covered for up to $3,000 per Covered Traveler, per Trip ($2,000 per bag for New York residents), or up to $10,000 in total for all Covered Travelers
Trip Cancellation/Interruption Insurance• Receive the non-refundable amount of the passenger fare or $5,000 (whichever is less) in the event of a trip cancellation or interruption

• If you only paid for a portion of the trip with your Citi card and/or ThankYou® Points, Citi will only reimburse the lesser of the actual amount paid for with your Citi card (including ThankYou® Points) or the maximum coverage per Trip

• Covered reasons for cancelation are more extensive than some other cards, but still require documentation by licensed professionals. These include not death of the traveler or family member, sicknesses and injuries (or threat of sickness due to government health advisories) to the traveler, family member, or traveler's pet, involuntary employment termination, jury duty or subpoenas that can't be postponed or waived, and other personal matters

• Severe weather or natural disasters that cause travel stops are also covered, as are terrorist incidents in your destination • This also covers you if your airline goes out of business or tickets are otherwise cancelled by the carrier
Trip Delay Reimbursement• Receive up to $500 (per traveler, per trip) if your trip is delayed for more than 12 hours

• The trip has to be delayed because of severe weather, a natural disaster, a previously unannounced strike, a quarantine or hijacking
Worldwide Travel Accident Insurance• If you die (or are missing for more than 52 weeks) in a Common Carrier accident while traveling — or lose a limb, sight, speech or hearing — we may provide up to $500,000 in compensation

• Unlike the other benefits, to be eligible for coverage under this bene t, your Citi card and/or ThankYou® Points must be used to purchase the full amount of the Common Carrier fare for the Covered Traveler(s)

• You're also not covered in a taxi, car service, rental car, and rideshare service, or if your death/injury is as a result of a riot or act of war
Damage & Theft Purchase Protection• Receive up to $10,000 per item, up to $50,000 per year, per Citi card account, for personal property that has been stolen, damaged within 120 days (90 days for New York residents) of purchase or delivery of the item

• Long list of exceptions, so be sure to check coverage limits
Citi Price Rewind• If the same item is found at a lower price within 60 days of your initial purchase date, you may receive the difference between the price you paid and the lower price found by Citi, up to $500, with a maximum benefit per year of $2,500

• Again, there's a long list of exceptions, so be sure to check coverage limits
Extended Warranty• Extends the manufacturer’s warranty for an additional 24 Months

• Motorized vehicles (boats, cars, aircraft, etc.) aren’t included, along with other unique items that don't come with a manufacturer’s warranty

• In the event of a covered failure Citi will repair or replace the item or reimburse up to the amount charged on your Citi card and/or ThankYou® Points (excluding shipping and handling) or $10,000, whichever is less
Return Protection• If you try to return an item within 90 days of purchase and the merchant won’t take it back, Citi may refund you the purchase price up to $500 per item and $2,500 per year

• Long list of exceptions, and the item must be returned to Citi in like-new and good working condition with all the original parts


The Citi ThankYou Premier can help in case your flight is delayed or canceled

Getting approved for the Citi ThankYou Premier Card

In terms of getting approved for the Citi ThankYou Premier Card, you’re not eligible for the sign-up bonus if you have had a ThankYou Preferred, ThankYou Premier, or Citi Prestige card opened or closed in the past 24 months. It’s fine if you have a Preferred or Prestige opened for more than 24 months, but you can’t have actively opened or closed one in that timeframe.

Bottom line

The Citi ThankYou Premier Card sign-up bonus is expected to change tomorrow, so if you haven’t yet applied, I’d recommend doing so shortly. This is a fantastic sign-up bonus on a card with the first year’s annual fee waived, great transfer partners, and a generous return on spend.

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Comments

  1. @Ben
    Like you, I value Citi points less than Chase, Amex, or SPG points. My only redemption so far has been to Air France for an Air Mauritius flight. I could have used Chase, Amex, or SPG, but that was a case Citi made sense since they’re less valuable to me.

    I imagine you have considerably more in each currency than I do, so I was curious if you tended to use Citi points similarly (Singapore, Air France) or if you saved them for a currency with less options (e.g. Thai Airways).

  2. Is this 24 months to the day? I applied for a Citi Prestige on 08/16/15 and was approved on 08/19/15. Should I get the bonus if I apply (and am approved) for the Premier? Thanks in advance!

  3. The Citibank literature says the 50,000 point promotion is running until 30th Sept? I enquired in branch and they told me the same thing.

  4. I called around renewal time and was offered a retention bonus where if I spend $300 per month, I’d get 500 bonus points per month in addition to normal earning. I usually spend around $125 on gas a month and spend the rest on mostly non-category or entertainment to reach the $300 since I prefer spending on other cards. The way I see it, I’m earning just a little over 4.5 points per dollar on gas purchases when it’s not Gas category with the Freedom card.

  5. Greg, Cathay Pacific is a 20% bonus not a 40% bonus
    CITI shows jetBlue as 1000 for 800, not 1000 for 500.

  6. Yeah, so the 50,000 point offer is still up. I’m curious on what basis it was “expected” to not be so by now. And a blog citing another blog isn’t really an answer.

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