Citi ThankYou Preferred Card Review

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ThankYou Preferred CardOur partner Citi has refreshed their Citi ThankYou® Preferred Card. Here are the highlights:

  • Enjoy 0% Intro APR on purchases for 15 months from date of account opening and 0% Intro APR on balance transfers for 15 months from date of first transfer; after that the variable APR will be 15.49% – 25.49% based upon your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater*
  • Earn 2X Points on Dining Out & Entertainment
  • Earn 1X Points on All Other Purchases
  • Points are redeemable for gift cards to popular retailers, restaurants, and department and home stores. 2,500 ThankYou® Points can be redeemed for a $25 gift card at
  • No expiration and no limit to the amount of points you can earn with this card
  • No annual fee*

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.

Add in the fact that there is currently no sign-up incentive on this card, I am not excited about this card. Instead of just getting double points on dining out and entrainment, I would much rather earn 2% cash back on everything with the Citi Double Cash card.

  • Citi ThankYou® Preferred Card Application Page

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  1. Jacob Blumberg says

    This doesn’t seem that great compared to the ink offer going on (granted thats a business CC) They even had a promotion to get 40k TYP for opening a premium Checking account. Its not bad ($300 is better than a lot of other offers) but I like to pull the trigger on $400 or more. Considering there is no annual fee I thinks it worth considering.

  2. I agree that I’d do the Chase Sapphire Preferred or Ink over this if you don’t have it already, but if you like to do multiple bonuses you are often limited to a certain amount per issuer per certain time period or limited by how many total cards can be open at a the same time. This is the top Citi ThankYou points deal right now.

    I wish they had some good checking account offers right now, but I think we’re going to have to wait until interest rates go back up before those come back. Some of those premium accounts required some nosebleed minimum balances.

  3. I did this last time you posted it for 40k TY points. Got my first 20k after six months and should get my second 20k shortly as I’m finishing the second half of the promotion. I also did the Citigold checking promotion and was in contact with them this week; my 40k TY points from that one are scheduled to post this week. All told I’m getting about $900 worth of gift cards courtesy of Citi for moving some money and transactions around for less than a year (I accumulated around another 10k points for the CC expenditures plus the monthly checking account points bonuses for direct deposit, bill pay, etc.). Thanks for posting these offers.

  4. Question: When does this promotion end? Also, I am an authorized user on another person’s Citi Thank You Preferred card – would I be eligible if I opened my own account (I have several individual Citi cards already).

    Comment: Be aware that if you close any of the accounts associated with the TY points, you lose those points! I found that out the hard way – I think I lost something like 10K points – even though they had posted to the Thank You account (which I assumed was then separate from the credit card that generated the points), I lost them when I closed the card that generated those 10K – I get mad again every time I think of it. 🙂 Jonathan – I wonder if it might be a good caveat for all these type posts to mention what may trigger losing points? I don’t want to dwell on negatives, but balanced reporting. 🙂

  5. This specific 30k offer is ending first thing on 9/26.

    @Anthony D – Yes I believe you would still be eligible if you were an authorized user on the same kind of card.

    Yes usually whenever you have any points that are linked to a certain credit card (American Express Membership Rewards, Citi ThankYou, and Chase Ultimate Rewards) you should always spend the points before closing the last linked account. If the points are associated with something else like airlines miles, then you are usually subject to separate expiration rules of the miles itself.

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