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Citi ThankYou Premier Hikes Sign-up Bonus to 50,000 Points

Aug. 2, 2018
Credit Cards, Promos, Travel Credit Cards
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The current sign-up bonus on the Citi ThankYou® Premier Card is the following: Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. Read more about the current information on this card.

If you have the Citi ThankYou® Premier Card or were thinking of getting it, the Nerds are here with some important news: Beginning April 19, 2015, the card’s rewards earning structure and annual fee are changing.

If you’re in the market for a travel rewards credit card, Citi has certainly given you plenty to chew on this week.

A day after announcing a 35,000-point boost in the sign-up bonus for its premium Citi Prestige® Card, Citi also increased the sign-up bonus for its Citi ThankYou® Premier Card: Earn 50,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening.

Citi says the bonus is redeemable for $625 toward flights on any airline through its travel center. The card’s previous sign-up bonus was 30,000 bonus points after spending $3,000 in purchases within the first three months of account opening.

But when it comes to the Citi ThankYou® Premier Card and the Citi Prestige® Card, there’s more to consider than just a sign-up bonanza. For starters, bonus points aren’t available to you if you’ve already had one of these two products (or the Citi ThankYou® Preferred Card) opened or closed in the past 24 months.

Here’s what else to know about these two cards before you apply.

How they stack up

The Citi ThankYou® Premier Card lacks the raft of perks offered by its premium cousin the Citi Prestige® Card. But it also comes with a lower annual fee: $0 for the first year, then $95. The Citi Prestige® Card, on the other hand, charges an annual fee of $450.

The Citi ThankYou® Premier Card offers a tiered rewards system:

  • 3 ThankYou points per dollar spent on travel, including gas stations
  • 2 ThankYou points per dollar spent on dining and entertainment
  • 1 ThankYou point per dollar spent on all other purchases

The Citi Prestige® Card offers a similar rewards structure, but there’s an important difference: Its definition of “travel” includes air travel and hotels, but not gas.

Both cards also offer:

  • No expiration and no limit to the amount of points you can earn
  • The ability to transfer points to participating airline and hotel loyalty programs
  • No foreign transaction fees
Card detailsCiti ThankYou® Premier CardCiti Prestige® Card
Annual fee$0 for the first year, then $95$450
Sign-up bonusEarn 50,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening.Starting July 23: Earn 75,000 ThankYou Points after spending $7,500 within the first three months of card opening
APRThe ongoing APR is 16.24% - 25.24% Variable APRThe ongoing APR is 16.74% - 24.74% Variable APR
Reward structure3 ThankYou points per dollar spent on travel, including gas stations; 2 ThankYou points per dollar spent on dining and entertainment; and 1 ThankYou point per dollar spent on all other purchases3 ThankYou points per dollar spent on air travel and hotels; 2 points per dollar on dining and entertainment; and 1 point per dollar on all other spending
Air travel creditNoneEach year, a $250 Air Travel Credit will automatically be applied to flight-related expenses charged to your card, including airline tickets, baggage fees, upgrades and more
Lounge accessNonePriority Pass Select Lounges
Global Entry/TSA PreCheck reimbursementNone$100 Global Entry application fee credit; renews once every 5 years

Which is right for you?

The Citi ThankYou® Premier Card offers robust rewards and could be especially useful if you’re a commuter or otherwise spend a lot of money on gas. But it will cost you less each year to carry than the Citi Prestige® Card.

However, if you’re a frequent flyer and like to travel in style, the perks you can get with the Citi Prestige® Card — including a $250 annual air travel credit, a larger sign-up bonus and complimentary lounge access — can offset its annual fee.

Kenley Young is a staff writer at NerdWallet, a personal finance website. Email: kyoung@nerdwallet.com. Twitter: @kenleyyoung