Citibank ThankYou Preferred Credit Card

Citi ThankYou® Preferred Card - earn up to 30,000 Bonus Points

Card Details

Signing Promotion

Earn up to 30,000 bonus ThankYou Points after qualifying purchases - redeem for $300 in gift cards or other great rewards. Earn 20,000 bonus points after $1500 in purchases within the first 3 months of account opening, plus another 10,000 points after $1500 in purchases within the next 3 months.

Reward Rate


Annual Fee


APR, Variable

Min APR: 12.99%
Max APR: 22.99%
Penalty APR: 29.99%, Variable
Cash Advance APR: 25.24%, Variable

Intro APR Promotions

Purchase: 0% if you qualify for 7 mos
Transfer: 0% if you qualify for 7 mos
Card Features
  • Earn up to 30,000 bonus ThankYou Points after qualifying purchases - redeem for up to $300 in gift cards or other great rewards!
  • That's 10,000 bonus points after $1,500 in purchases in the first 3 months of account opening, plus an additional 20,000 points after another $3,000 in purchases in the next 6 months 
  • 0% intro APR on Balance Transfers and Purchases for 7 months. After that, the variable APR will be 12.99%-22.99% based upon your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.*
  • New: 2x Points on purchases for dining and entertainment
  • 1 ThankYou Point on other purchases
  • Points do not expire and earn unlimited Thank You Points
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • Travel with ease and enjoy global acceptance with Chip Technology
  • No annual fee*
Apply Now

on Citibank's
secure website

  • No annual fee
  • 0% if you qualify for 7 mos on transfers
  • Needs excellent credit

Editor's Review

Author: Anisha

Verdict: There are bigger and better cards out there. Even with the decent signup bonus, other credit cards provide far more value, particularly when you consider that Citi ThankYou Points kind of suck.

Thanks but no ThankYou

The ThankYou Preferred has a lackluster rewards program, giving just 1 ThankYou Point per $1 spent and no bonus categories. That puts the ThankYou Preferred at pretty much the bottom of the rewards barrel. Plus, Citi ThankYou Points can be redeemed for gift cards, statement credits, mortgage/student loan payments, or merchandise. Typically, only gift cards will give you the full one-cent-per-point value, and you have to save up a lot of points to redeem for anything good. ThankYou Points are among our least favorite point programs - as a Citi Forward cardholder, I can attest to the frustratingly limited redemption options.

Alternatives to the Citi ThankYou Preferred

In both signup bonus and ongoing rewards, you can do better than the ThankYou card. Here are a few options:

The Chase Sapphire Preferred
The Sapphire Preferred starts off strong: Earn 40,000 bonus points after you spend $3,000 in the first 3 months. You can redeem your points as a statement credit at full value, but if you redeem for travel booked through Chase, your points are worth 25% more. As for ongoing rewards, you get 2 points per $1 on travel and dining, and 1 per $1 elsewhere. You get an anniversary points bonus of 7% on all points earned, so your rewards rate can be 2.68% on travel and dining and 1.34% elsewhere when you redeem for travel. It does have an annual fee: $95, waived the first year.

The Barclaycard Arrival World MasterCard
The Barclaycard Arrival World MasterCard gives a strong signup bonus: Earn 40,000 bonus miles when you spend $3,000 or more on purchases in the first 90 days from account opening. Past that, it earns 2 miles on every dollar spent. You can redeem your miles as a statement credit at full value, but if you redeem as a statement credit against travel expenses specifically, you get 10% of the miles redeemed back. This raises your rewards rate to 2.2% on every dollar spent. Its $89 annual fee is waived the first year.

Both of these options have annual fees, but given that the fees are waived the first year and the rewards are so much better, you're better off getting one of those cards, taking advantage of the bonus, and downgrading to a no-fee version of the card before the fee kicks in.
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