Citi hikes ThankYou Premier card’s sign-up bonus to 50,000 points

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Citi ThankYou Premier

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The content on this page is accurate as of the posting date. Please see the bank’s website for the most current version of card offers.

Citi has upped the sign-up bonus for the ThankYou Premier
card by 20,000 points. The new offer lets cardholders earn 50,000 bonus points
after spending $4,000 in the first three months of account opening. The card
previously offered 30,000 points after spending $3,000 in the first three
months.

ThankYou perks

Along with a 50,000-point bonus, the Citi ThankYou Premier
card allows cardholders to earn rewards on every purchase and offers a variety
of perks, including a 25 percent higher redemption value on travel.

Keep in mind, though, that the benefits come with a price
tag: After the first year, cardholders will be charged an annual fee of $95.
However, the card’s yearly value more than makes up for its annual fee each
year.








Citi ThankYou Premier card


Rewards rate

  • 3 points per dollar on travel, including gas
  • 2 points per dollar on dining out and entertainment
  • 1 point per dollar on other purchases

Sign-up bonus

  • 50,000 ThankYou® points when you spend $4,000 in the first 3 months


Why use it?

If you’re a frequent traveler or heavy commuter, you will benefit from this card’s bonus rate on travel. For those who regularly eat out or attend entertainment events, the 2-point rate is an added bonus.

Read review

Estimated Yearly Rewards Value ($15,900 spend)


$413
Annual Fee

$95, waived the first year

Recent changes to the
Citi ThankYou Premier card

The 50,000-point bonus is the highest sign-up bonus offered
by the Citi ThankYou Premier card. As you can see from the table below, the
card has a history of toggling between a 30,000-point and 50,000-point sign-up
bonus. The card has even offered no
sign-up bonus in the past.

Citi ThankYou Premier card recent
changes









Change date Sign-up bonus
Feb. 28, 2018
50,000 ThankYou® points if you spend $4,000 in first 3 months
Jan. 25, 2018 30,000 ThankYou® points if you spend $3,000 in first 3 months
Sept. 27, 2017 No sign-up bonus
July 18, 2017 50,000 ThankYou® points if you spend $4,000 in first 3 months
Jan. 24, 2017 30,000 ThankYou® points if you spend $3,000 in first 3 months

Keep in mind, though, that the increased sign-up bonus also
comes with a higher spend requirement. To receive the 50,000-point bonus,
cardholders must spend $4,000 in the first three months, compared to $3,000 for
the 30,000-point sign-up bonus.

Who is eligible for
the sign-up bonus

The Citi ThankYou Premier sign-up bonus is only available to
new cardholders who have not had a ThankYou Premier, ThankYou Preferred or Citi
Prestige card opened or closed in the past 24 months.

Of course, you must meet certain credit requirements to be
approved for the ThankYou Premier card. To determine your creditworthiness,
Citi will consider several factors, including, but not limited to, your annual
salary and wages and any debt you may have.

Best ways to spend
50,000 ThankYou points

In general, travel redemptions are the best use of Citi
ThankYou points, and – if you want to squeeze the most value out of your points
– redeeming them for airfare through the Citi ThankYou portal is your best bet.
Citi ThankYou Premier card members get a 25 percent boost on their points when
they redeem them this way, so 50,000
bonus points can get you $625 worth of airfare.

Citi gives you plenty of other choices for redeeming
ThankYou points – including gift cards, merchandise and cash back – but most of
these are a poor value, worth less than 1 cent per point.

Citi ThankYou Premier
card redemption options













Redemption option Point value Value of 50,000-point sign-up bonus
Citi ThankYou portal airfare (25% point bonus) 1.25 cents $625
Other Citi ThankYou portal travel rewards (hotels, rental cars, cruises, vacations, activities) 1 cent $500
Gift cards 1 cent $500
Merchandise 0.8 cent $400
Shopping partners (Amazon, Expedia, Live Nation, 1-800Flowers, Best Buy, Wonder) 0.8 cent $400
Select and credit 0.75 cent $375
Cash back (statement credit or check) 0.5 cent $250
Student loan or mortgage payment 1 cent $500
Charity donation 1 cent $500

Citi also has several airline partners that you can transfer
points to at a 1:1 ratio (with the exception of JetBlue). It’s possible to
stretch your points further with a point transfer, since you can look for
values within each airline partner’s redemption chart. Unfortunately, the
options are slightly limited, consisting mostly of small oversea airlines:

Citi ThankYou Premier
card transfer options



















Airline Transfer ratio Point value (including transfer ratio) Value of 50,000-point sign-up bonus
Singapore Airlines 1:1 2.17 cents $1,085
Avianca 1:1 1.5 cents $750
Turkish Airlines 1:1 1 cent $500
Asia Miles 1:1 1 cent $500
Etihad Guest 1:1 1 cent $500
Eva Air 1:1 1 cent $500
Air France/KLM 1:1 1 cent $500
Garuda Indonesia 1:1 1 cent $500
Jet Airways 1:1 1 cent $500
Malaysia Airlines 1:1 1 cent $500
Qantas 1:1 1 cent $500
Qatar 1:1 1 cent $500
Thai Airways 1:1 1 cent $500
Virgin Atlantic 1:1 0.8 cent $400
JetBlue 2:1 0.74 cent $370

Should you apply for
the Citi ThankYou Premier card now?

With the sign-up bonus currently at 50,000 points, now is
the perfect time to apply for the Citi ThankYou Premier card. Just be certain
that you haven’t owned a ThankYou Premier, ThankYou Preferred or Citi Prestige
within the past 24 months prior to applying.

See related: American
Express Platinum card offers 100,000 bonus points through CardMatch
, Chase
ups United MileagePlus Explorer card’s sign-up bonus to 50,000 miles

The editorial content
below is based solely on the objective assessment of our writers and is not
driven by advertising dollars. However, we do receive compensation when you
click on links to products from our partners. Learn
more about our advertising policy




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