Citi has rolled out a new 20,000 ThankYou point promotion for its Citi ThankYou® Preferred Card. You earn 20,000 bonus points after $1,500 in purchases in the first 3 months of account opening, redeemable for $200 in gift cards. Points do not expire and you can earn an unlimited amount of ThankYou points. No annual fee.
Citi ThankYou points aren’t quite as flexible as some programs in terms of converting to airline miles and direct conversion to cash, but check out my previous post on finding the best Citi ThankYou point redemption options. By being careful with my redemptions, I always manage to get at least $200 of value out of 20,000 ThankYou points.
There have been a couple of new changes to this card. You now get 2 ThankYou points/dollar on purchases for dining and entertainment, and 1 point/dollar on other purchases. The card also added smart chip technology which improves security and acceptance internationally. Finally, don’t forget to use the Citi Price Rewind feature for any larger purchases, as it protects you against future price drops. You must register your purchase, and then if the same item is found with a price at least $25 lower than what you paid within 30 calendar days of your purchase, you can be refunded the difference.