Citibank ThankYou Preferred Credit Card

Citi ThankYou® Preferred Card — Earn 30,000 Bonus Points

ADVERTISER DISCLOSURE
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

1 point per Dollar

Annual Fee

$0*

APR, Variable

APR: 12.99% - 22.99% (Variable)
Penalty APR: 29.99%, Variable
Cash Advance APR: 25.24%, Variable

Intro APR Promotions

None
Card Features
  • Earn 30,000 bonus ThankYou® Points after $2,000 in card purchases within 4 months of account opening — redeemable for $300 in gift cards or other great rewards!
  • 2 ThankYou Points per dollar spent on dining at restaurants 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

thumbsupPros
  • No annual fee
thumbsdownCons
  • Needs excellent credit

Editor's Review

Author: Anisha Sekar
 

Verdict: There are bigger and better cards out there. Even with the decent signup bonus, other credit cards provide far more value.

Thank You Points

The ThankYou Preferred has an ok rewards program, giving just 1 ThankYou Point per $1 spent.  It does offer 2x points on dining and entertainment, but there are cards out there that offer a better rewards program. 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.

Alternatives to the Citi ThankYou Preferred

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

Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card starts off strong: Earn 40,000 bonus points after you spend $4,000 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. Your rewards rate can be 2.50% on travel and dining and 1.25% elsewhere when you redeem for travel. It has an Introductory Annual Fee of $0 the first year, then $95

Barclaycard Arrival Plus™ World Elite MasterCard®
The Barclaycard Arrival Plus™ World Elite 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 annual fee is $89 - Waived first year.

Keep in mind that both of these options have annual fees.
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