Citi ThankYou Preferred Review: Not a Great Catch for Date Night

(NO LONGER AVAILABLE) You get 2 points per dollar on dining and entertainment and 1 point per dollar on everything else. There's no annual fee, but no sign-up bonus either.
Kevin Cash
Chanelle Bessette
By Chanelle Bessette and  Kevin Cash 
Edited by Paul Soucy

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NerdWallet rating 
The bottom line:

The 0% intro APR period was worth a look. But you could get richer rewards — including on dining and entertainment — from other no-fee options.


  • No annual fee

  • Intro APR period on Purchases and Balance Transfers


  • Needs excellent credit

Jump to: Detailed review
Citibank ThankYou Preferred Credit Card
Citi ThankYou® Preferred Card
Annual fee
Regular APR
15.49%-25.49% Variable APR
Intro APR
0% intro APR on Purchases and Balance Transfers for 15 months
Rec. credit score
720-850 (Excellent)
  • Annual fee


  • Rewards rate

    1 point per Dollar

  • Bonus offer


  • Intro APR

    0% intro APR on Purchases and Balance Transfers for 15 months

  • Ongoing APR

    APR: 15.49%-25.49% Variable APR

    Penalty APR: Up to 29.99%, Variable

    Cash Advance APR: 27.24%, Variable

  • Balance transfer fee

    3% of each balance transfer; $5 minimum.

  • Foreign transaction fee


More details from Citibank
  • 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*

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
Annual fee


Annual fee


Regular APR

21.49%-28.49% Variable APR

Regular APR

17.24%-28.24% Variable APR

Intro APR


Intro APR

0% intro APR for 15 months on purchases and balance transfers

Recommended Credit Score
Recommended Credit Score
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Detailed review: Citi ThankYou® Preferred Card

» This card is no longer available

The Citi ThankYou® Preferred Card is no longer accepting applications. Citi's entry-level points-earning card is the Citi Rewards+® Card. Read our review of that card. Below is our review of the card when it was still available.

• • •

The Citi ThankYou® Preferred Card is designed to appeal to daters, diners and folks looking for thrills out on the town. But frankly, it’s a bit of a party pooper.

The card earns double rewards on restaurants and entertainment, and its definition of entertainment is broad, including concerts, sporting events, theater, zoos and more. So if you’re single in the city — or you’re settled but seeking to get out of the house more — the Citi ThankYou® Preferred Card is hoping you’ll bring it along.

But dining and entertainment have become intensely competitive categories in recent years, so even if those are your biggest spending areas, you can find many cards that offer higher rewards rates in those categories.

Plus, if you’re looking for the benefits of a sign-up bonus or cash back, you’ll want to research other options.

Citi ThankYou® Preferred Card: Basics

  • Annual fee: $0

  • Rewards:

    • 2 Citi ThankYou Points per $1 spent on restaurants and entertainment.

    • 1 point per dollar on everything else.

    • There's no limit to the points you can earn, and points never expire. See our review of Citi ThankYou Points for details on redeeming points, including the highest- and lowest-value redemption options.

  • Sign-up bonus: None.

  • Introductory APR: 0% intro APR on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 15.49%-25.49% Variable APR.

  • Balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee: 3%.

Benefits and perks

  • $0 annual fee. Many rewards credit cards come with a yearly cost. The Citi ThankYou® Preferred Card does not. This means you won’t have to stress about using your card enough to cover a fixed yearly payment.

  • Solid 0% intro APR period: New cardholders get an introductory APR of 0% intro APR on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 15.49%-25.49% Variable APR. That’s not the longest 0% period you can find, but it’s a decent runway if you’re looking to finance a large purchase or transfer a balance. With the latter, though, be sure to consider the balance transfer fee: $5 or 3% of the amount transferred, whichever is greater.

  • Broad dining and entertainment categories: The “restaurants” category on the Citi ThankYou® Preferred Card includes both full-service restaurants and fast-food places, as well as bars, lounges and cafes. And the “entertainment” category covers more than you might think. Purchases that qualify for 2X points include:

    • Live entertainment (including theatrical productions, sporting events and concerts).

    • Movie theaters.Amusement parks, circuses and carnivals.

    • Zoos and aquariums.

    • Tourist attractions (including museums and art galleries).

    • Record stores.

    • Video rental stores.

    • On-demand internet streaming media.

Drawbacks and considerations

The Citi ThankYou® Preferred Card works for spending out on the town, but what about your daily expenses? How good is it really for transferring a balance? Here are a few areas where the card falls short.

  • No sign-up bonus. Rewards credit card users have grown accustomed to sign-up bonuses, sometimes worth hundreds of dollars, even on cards with no annual fee. The Citi ThankYou® Preferred Card has none. Plenty of other cards do come with sign-up bonuses, many of them quite lucrative.

  • Limited redemption options. If you’re looking for flexible rewards points or cash back, the Citi ThankYou® Preferred Card may not be for you. The card’s ThankYou Points are redeemable for gift cards to popular retailers and restaurants. You can redeem 2,500 ThankYou Points for a $25 gift card at A Citi representative confirms that you can also redeem for cash back. But be aware that it's a poor redemption value.

  • Poor rewards rate on common expenses. Though dining and entertainment are fun spending categories, you'll get just 1 point per dollar on everything else. Cardholders may get more use out of a card that offers elevated rewards for more everyday purchases.

  • Poor choice for international travel. With a 3% fee tacked onto purchases abroad, the card isn't ideal if you're headed abroad.

How to decide if it's right for you

The Citi ThankYou® Preferred Card will earn you rewards on dining and hitting the town. But it’s neither the best rewards card for entertainment and dining, nor is it a great value for everyday spending. If you need a good 0% intro APR period, it's certainly an option. But for everyday use, you'll be better off comparing other cards that can reward you more handsomely no matter what you spend most of your money on.

To view rates and fees of the Blue Cash Everyday® Card from American Express, see this page.


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