Editorial Review

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

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.

Paul Soucy, Erin El IssaNovember 28, 2018

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This page includes information about one or more products not currently available on NerdWallet:

  • Citi ThankYou® Preferred Card for College Students

As a result, offers described on this page may be out of date. See our NerdWallet’s Best Credit Cards page for updated offers.

Our Take


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.

Citibank ThankYou Preferred Card for College Students Credit Card

Citi ThankYou® Preferred Card for College Students

Annual Fee


Regular APR

16.49% - 26.49% Variable APR

Intro APR

0% on Purchases for 7 months

recommended credit score

Pros & Cons

  • No annual fee

  • None

Compare to Other Cards

Annual Fee


Annual Fee


Regular APR

15.24% - 24.24% Variable APR

Rates & Fees

Regular APR

26.96% Variable APR

Intro APR

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

Intro APR


Recommended Credit Score
Recommended Credit Score

Full Review

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% 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: "Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched." You can also earn a $20 statement credit each year you maintain a GPA of 3.0 or better, for up to five years. 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%. And this card rewards you for responsible behavior in another way: If you make your first five monthly payments on time, you can gain access to a higher credit limit. 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 MasterCard, 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.