The Select editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.
Citi is an advertising partner. Select may receive an affiliate commission when you click on product links from our partners. This commission does not influence the opinions, recommendations or placement of products on our site.
the Citi Premier® Card The high 80,000 Citi ThankYou point welcome offer is ending soon, so if you’ve been considering the card, you’ll want to apply as soon as possible.
The card comes with a long list of benefits, including broad categories of bonus spending, an annual $ 100 hotel credit for a stay of $ 500 or more (less taxes and fees) when you purchase a stay at the hotel through the Citi Travel Portal, no overseas transaction fees and the ability to transfer your points to valuable transfer partners.
But is the right card right for you?
To select analyzes the short-term welcome offer and how you can spend your valuable Citi ThankYou points once you meet the minimum spend requirements.
Subscribe to the Select newsletter!
Our best picks delivered to your inbox. Buy recommendations that help you improve your life, delivered weekly. register here.
the Citi PremierThe 80,000 point offer is not to be sneezed at as it offers cardholders a minimum value of $ 800 during the first few months of card membership. However, you can realize even more value depending on how you redeem your points.
To earn the 80,000 point bonus, you will need to spend $ 4,000 in the first three months of card membership. If you are able to meet the requirement, you will have a minimum of 84,000 Citi ThankYou Points which you can redeem for gift cards, cash back, or travel. And depending on the categories in which you spend, you may even have more.
While we don’t know what the new welcome bonus will be, until last year the highest Citi Premier bonus was 60,000 points. So if it comes down to 60,000 points, you will earn 25% less than the current offer.
3X points for $ 1 spent at restaurants, supermarkets, gas stations, hotels and air travel, 1X points on all other purchases
80,000 ThankYou® bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account
Variable APR from 15.99% to 23.99% on purchases and balance transfers
Balance transfer fee
5% of each balance transfer, $ 5 minimum
Foreign transaction fees
The card currently has large and well rounded bonus spending categories that many consumers can find value. The card reports:
- 3X points per dollar spent at restaurants, supermarkets, gas stations, air travel and hotels
- 1X points per dollar spent on all other qualifying purchases
The other notable benefit is the annual hotel credit of $ 100. To qualify, you must book a single hotel stay through ThankYou.com and spend $ 500 or more (less taxes and fees). This is refundable once per calendar year.
The card has no overseas transaction fees but comes with a modest annual fee of $ 95, however, the value of the welcome bonus easily justifies the first year fees and many more.
How to spend Citi ThankYou points
Once you have earned the bonus points, you can easily redeem them on the Citi ThankYou portal. If you prioritize simplicity, your points will be worth a penny per point if you redeem them for gift cards. The Citi portal has a wide variety of major retailers to choose from, including Apple, Airbnb, Starbucks, Target, and more. You can get cash back for your thank you points if you prefer.
However, the best approach is to save your miles and transfer them to one of Citi’s travel transfer partners. Although all airlines are international, many of them have domestic partners that allow you to fly within the United States. For example, you can transfer miles to Qantas and book American Airlines flights.
An even better deal is to transfer your points to Turkish Airlines Miles and Smiles, which allows you to book a one-way flight anywhere in the United States on United Airlines for just 7,500 miles in economy class or 12,500 miles in first. class. So you can book a United flight from New York to Hawaii for as little as 7,500 miles. The 80,000 point bonus could earn you five return economy class tickets on United anywhere in the United States.
So even if you travel primarily to the United States, keep the Citi Premier for a valuable credit card with transferable miles in mind. Here is the full list of Citi transfer partners:
- Aeromexico Club Premier
- Air France-KLM Flying Blue
- Avianca LifeMiles
- Miles Cathay Pacific Asia
- Emirates Skywards
- Etihad Guest
- Eva Air Infinity MileageLands
- InterMiles (formerly Jet Airways JetPrivilege)
- JetBlue TrueBlue
- Malaysia Airlines enrich
- Frequent traveler from Qantas
- Qatar Airways Privilege Club
- Singapore Airlines KrisFlyer
- Thai Airways Royal Orchid Plus
- Turkish Airlines miles and smiles
- Virgin Atlantic Flying Club
In addition, Citi has two hotel transfer partners: Choice Hotels and Wyndham Hotels.
Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.