Citi ThankYou Preferred - $300 Review | NerdWallet
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Citi ThankYou® Preferred Card — Earn 30,000 Bonus Points

Apply Nowon Citibank’s secure website.

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

Apply Nowon Citibank’s secure website.
Apply Nowon Citibank’s secure website.

Card Details

  • 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*

APR, Variable

Min APR: 13.24%, Variable

Max APR: 23.24%, Variable

Penalty APR: Up to 30.24%, Variable

Cash Advance APR: 25.49%, Variable

Pros

  • No annual fee

Cons

  • Needs excellent credit

Rewards rate

1 point per Dollar

Annual fee

$0*

Intro APR

None

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

In both signup bonus and ongoing rewards, you can do better than the Citi ThankYou® Preferred Card — Earn 30,000 Bonus Points - especially if you travel. Here are a few options:

Chase Sapphire Preferred®
The Chase Sapphire Preferred® starts off strong: Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $625 in travel when you redeem through Chase Ultimate Rewards®. 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, giving it a 2% earnings rate. You can redeem your miles as a statement credit at full value, and you'll get 5% of the miles back every time you redeem. Its annual fee is $89 - waived first year.

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