Citi ThankYou Preferred for Students Review: Take It Out on the Town

(NO LONGER AVAILABLE) Get 2 points per dollar on dining and entertainment and 1 point per dollar on everything else, plus a 0% intro APR and even a modest sign-up bonus.

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Our Take

3.8

NerdWallet rating 
The bottom line:

If you often eat out or go to movies or concerts, you’ll benefit from this card’s rewards program. But be aware that the way you redeem the points dictates how much they’re worth.

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Citibank ThankYou Preferred Card for College Students Credit Card
Citi ThankYou® Preferred Card for College Students
Annual fee
$0
Regular APR
16.49%-26.49% Variable APR
Intro APR
0% intro APR on Purchases for 7 months
Rec. credit score
690-719 (Good)

Quick Facts

Pros & Cons

Pros

  • No annual fee

Cons

  • None

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0

Annual fee

$0

Annual fee

$0

Regular APR

15.99%-24.99% Variable APR

Regular APR

15.99%-24.99% Variable APR

Regular APR

22.49% Variable

Intro APR

0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months

Intro APR

0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score
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Full Review

» This card is no longer available

The Citi ThankYou® Preferred Card for College Students is no longer accepting applications. See our roundup of the best student credit cards for other options.  


If you’re a college student looking for your first credit card, the Citi ThankYou® Preferred Card for College Students isn't a bad place to start. It offers rewards on dining (yes, takeout counts) and entertainment, has a $0 annual fee, and offers some pretty good perks.

Citi ThankYou® Preferred Card for College Students: Basics

  • Annual fee: $0

  • Sign-up bonus: Earn 2,500 bonus points after spending $500 in purchases within the first 3 months of account opening (This offer is no longer available on our site).

  • Rewards: 

    • 2 ThankYou points per dollar spent on dining and entertainment.

    • 1 ThankYou point per dollar spent on all other purchases.

    • Points are worth 0.3 to 1 cent apiece, depending on how you redeem, according to NerdWallet valuations.

  • Interest rate: 0% intro APR on Purchases for 7 months, and then the ongoing APR of 16.49%-26.49% Variable APR.

  • Foreign transaction fee: 3%.

Why you might want this card

You love the night life

The Citi ThankYou® Preferred Card for College Students offers 2X rewards on dining and entertainment:

  • The dining category doesn't just apply to meals in sit-down restaurants and fast-food joints, but also to restaurant takeout, cafes, bars and cocktail lounges.

  • "Entertainment" includes live entertainment (concerts, theater and sporting events), movie theaters, amusement parks (including zoos, aquariums, circuses and carnivals), tourist attractions (including museums and art galleries), record stores, video rental stores and on-demand internet streaming media.

Going out is a big part of many people's college experience, and it's nice to have a card that provides extra rewards for it.

You have a big purchase coming up

College life can include a few big-ticket purchases here and there — textbooks aren't cheap, and who doesn't want a nice, sturdy couch? The Citi ThankYou® Preferred Card for College Students includes an introductory 0% interest period, something relatively rare on student cards.

You'd like a sign-up bonus

This card offers a bonus to new cardholders to get them in the habit of using the card:  Earn 2,500 bonus points after spending $500 in purchases within the first 3 months of account opening (This offer is no longer available on our site). It's not a huge bonus — the value of 2,500 points tops out at about $25 — but still, it's better than what many student cards offer (which is no bonus at all).

Why you might want a different card

You prefer cash rewards

ThankYou points are worth only half a cent apiece when redeemed for cash back. So if you redeem for cash, your rewards rate on dining and entertainment is 1%, and on everything else it's a paltry 0.5%. There are much better options for cash back.

The Discover it® Student Cash Back offers the same rewards as Discover's regular cash-back cards. It pays 5% cash back in rotating categories that you opt into online (on up to $1,500 in spending each quarter), and 1% back on everything else. Discover offers new cardholders a unique bonus: "INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match." The annual fee is $0.

The Journey Student Rewards from Capital One pays 1% cash back on every purchase. In any month that you pay on time, you earn an extra 0.25% cash back, for a total of 1.25%. This card, too, has an annual fee of $0.

You're planning to study abroad

The Citi ThankYou® Preferred Card for College Students charges a 3% fee on all purchases made outside the U.S, which can really add up over the course of a semester abroad. Neither of the cards discussed above — the Discover it® Student Cash Back or the Journey Student Rewards from Capital One — charges a foreign transaction fee. However, the Capital One card is a Visa, which is accepted worldwide. Discover's international acceptance is limited.

What it takes to get a student card

Simply being a college student is not enough to qualify for a student credit card. You must be at least 18 years old, and if you are under 21, you must be able to show that you have independent income. Students 21 and over can show that they have “reasonable access” to salary and wages that can be used to pay the bills. If you don't have income of your own, another option is to have a parent or someone else add you as an authorized user on their cards. Read more about student card requirements.

Methodology

NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Learn how NerdWallet rates credit cards.