The Citi ThankYou® Premier Card has re-launched from our partner Citi, with a new sign-up bonus and purchase rewards structure. Get 50,000 bonus ThankYou Points as follows:
- Earn 50,000 bonus ThankYou Points after $3,000 in purchases within the first 3 months of account opening.
- First year annual fee waived, $95 after that.
- No foreign transaction fee on purchases.
- Chip Technology included for improved acceptance while traveling.
- No limits on earning points or expiration dates.
What can you do with 50,000 ThankYou Points? Citi has been trying to improve the value and flexibility of ThankYou points, so here is a rundown of what you can do with 50,000 of them. Bonus ThankYou Points not available if you have had a Citi ThankYou Premier card opened or closed in the past 18 months.
$625 in Airfare (ThankYou Travel Center)
With the new Citi Premier card, you get a 20% discount on the standard travel redemption that a “regular” Citi card offers. The reverse math means 1 TY point = 1.25 cents towards travel. Note that this 25% bonus applies all of your points from all Citi cards linked to the same ThankYou account, thus boosting the value of all your other points. (Compare with the Citi Prestige card, which has 33% bonus amongst and other additional features, but also a higher annual fee.)
For example, with my non-Premier card, I found that a flight that cost $360 including taxes and fees on Expedia would cost 36,000 TY points from Citi Travel. But with the Citi Premier, it would only cost 28,800 TY points. ThankYou Travel Center screenshot:
ThankYou Travel Center screenshot:
So 50,000 TY points will indeed get you $625 in airfare, with the Citi Travel Center having the same price as compared to Expedia, Orbitz, etc. Since you can book any flight that can be found on Expedia, there are “no blackout dates”.
Don’t have enough points to cover an entire airfare? That’s okay. 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 much easier to use up all of your points at a 25% premium.
$500 in Gift Cards, $500 Check Towards Student Loan / 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 50,000 TY points, you could get five $100 gift cards from different stores.
Want something closer to cash? For a check mailed to you, it is 8,000 points for $50 (1 points = 0.625 cent). The best deal is a check mailed towards your mortgage payment or student loan (made out to your lender), which is 7,500 points for $75 (1 points = 1 cent).
New Airline Transfer Options
Citi ThankYou points are also now available to transfer to certain airline mileage programs on a 1:1 basis including Cathay Pacific, EVA Air, Etihad, Flying Blue by Air France and KLM, Singapore Airlines, and Thai Airways. For example, 50,000 TY points can get you 50,000 Singapore Airlines KrisFlyer miles.
New Rewards Structure
The Citi ThankYou Premier now earns:
- 3 ThankYou Points for every $1 spent travel including gas, airfare, and hotels.
- 2 ThankYou Points for every $1 spent dining out and entertainment.
- 1 ThankYou Point per $1 spent on other purchases.
Triple (3X) points on airfare and hotels, when combined with the 25% travel premium, makes that equivalent to a 3.75% reward towards travel booked through Citi Travel Center. Double (2X) on restaurants (includes bars and fast food) and entertainment makes that 2.5% towards travel booked through Citi Travel Center.
With the improvements in ThankYou point redemption, increased sign-up bonus, and new rewards structure, everything looks to be a little bit better than before. The current sign-up 50k sign-up bonus with no annual fee the first year is attractive. However, a cardholder would need a fair amount of spending in the bonus categories (gas, airfare, hotels, dining out) in order to offset the $95 annual after the first year where they waive it.