The Citi ThankYou Premier Card is now offering 50,000 bonus ThankYou Points after $4,000 in purchases within the first 3 months of account opening. For the majority of 2016 the ThankYou Premier had no sign up bonus whatsoever, then Citi came back with 40k points for a $3k minimum spending requirement bonus in December 2016. Since then we’ve seen the bonus fluctuate between non-existent to typically no higher than 50k, so if you’ve been waiting on this card’s bonus to go back up before applying, this is your notice! 50,000 ThankYou Points is not the historical high but it’s the standard high end these days.
We do get commissions when you sign up for some card offers, but not this 50k offer for the ThankYou Premier. We just want you to be aware of the best deals. For other offers, credit card links have been removed from posts and added to the menu bar at the top of every page of MileValue under the heading Travel Credit Cards.
- Sign Up Bonus: 50,000 ThankYou Points after spending $4,000 within three months of account opening
- Category Bonuses: 3x on travel and gas, 2x on restaurants and entertainment
- Value of ThankYou Points: Worth 1.25 cents toward the purchase of any cash ticket OR can be transferred to 15 airlines for higher value (we value ThankYou points at 1.9 cents each when transferred this way)
- Global Acceptance: Chip technology and no foreign transaction fees
- Annual Fee: $95 that is waived the first year of card membership
- Eligibility: If you have opened or closed a ThankYou Prestige, Premier, or Preferred in the last 24 months you are not eligible for the sign up bonus.
Sign Up Bonus
The Citi ThankYou Premier Card now offers 50,000 bonus ThankYou Points after $4,000 in purchases within the first 3 months of account opening.
Thank You points have two primary uses.
- Use them like cash to purchase any flight on any airline with no blackouts.
- Transfer them to miles with 15 airline loyalty programs. Then they are whatever miles you chose, subject to those rules.
If you use these like cash toward any flight, you will get 1.25 cents each of value, making the sign up bonus worth $625 toward any flights with no blackouts. And when you redeem ThankYou Points like cash toward any flight, the operating airline sees you as a cash-paying passenger, so you earn miles for your flights.
Instead of redeeming the points like cash, you can transfer your ThankYou Points to one of the 15 airline partners and one hotel partner.
Lowdown on High Value Redemptions Transferring to Loyalty Programs
The best partner tends to be Singapore Airlines, although that will vary slightly depending on your travel goals. In 2015 Scott transferred ThankYou Points to Singapore miles to fly United First Class to Hawaii, United economy to Madrid, and Avianca Business Class to Buenos Aires, and in 2016 he used them to fly Singapore First Class from Sao Paulo to Barcelona. I’ve used Singapore miles to book United Business Class to Buenos Aires various times, as well as to book economy flight on United from Madrid to the United States (which is a 2.5k miles cheaper than the standard 30k price). And most important to the luxury-inclined, Singapore miles are the only miles you can use to book Singapore Suites.
In November of 2017, Citi added Avianca as a transfer partner for ThankYou Points, which very likely could be Thank You Points’ second most valuable transfer partner. This is great news for those locked out of earning United miles via Chase cards because of the dreaded 5/24 rule, because Avianca is in the Star Alliance (giving access to the same award space United has access to) and Avianca doesn’t collect fuel surcharges (a typical problem with many foreign miles programs).
For full details on redeeming ThankYou Points, see:
We also wrote a series about how to maximize value when transferring your Citi ThankYou Points to airline partners:
- Sweetspots with Singapore KrisFlyer Miles #1: Suites Class for as Little as 32,000 Miles
- Sweetspots with Singapore KrisFlyer Miles #2: Awards on United and Partner Flights
- Sweetspots with Virgin Atlantic Miles #1: 10,000 Points USA to Europe
- Sweetspots with Virgin Atlantic Miles #2: Sweetspots on 12 Partner Award Charts
- Sweetspots with Flying Blue Miles: 30,000 Miles Roundtrip to Hawaii
- Sweetspots with Virgin America Points: 35,000 Points Roundtrip to Europe in Flat Bed
- Sweetspots with Etihad Miles: 20,000 Miles One Way to Europe
Note that this series was written in 2015, so some info is outdated. Since then, JetBlue, Turkish Airlines, and Avianca have been added as transfer partners. I plan on updating the series soon. In the meantime, check out Maximizing Aviance Miles for further details on LifeMiles redemptions. I don’t recommend transferring ThankYou Points to JetBlue as the rate is 1,000 ThankYou points = 500 TrueBlue points.
The Citi ThankYou Premier Card offers 3x ThankYou Points on travel and gas and 2x ThankYou Points on dining and entertainment, with no limit on bonus ThankYou Points earned.
Travel includes everything you’d expect like flights, hotels, and car rentals and even more like parking, tolls, campgrounds, and yacht rentals.
Restaurants include sit down places, take out, fast food, and even bars and nightclubs. Entertainment includes movie theaters, sports tickets, museums, and a lot more.
For a full breakdown on exactly what counts and what doesn’t, check out Citi ThankYou Premier Categories Change Today: 3x Gas and Travel; 2x Dining and Entertainment.
Offering both 3x on travel and gas is incredible for travelers. Throw in 2x on dining and entertainment, and this card has among the best categories out of all travel rewards card, especially for a low annual fee like $95 (which is actually waived the first year).
The Citi ThankYou Premier Card has no foreign transaction fees. It also has chip technology for global acceptance, so it’s a great card for overseas travel.
The card has a $95 annual fee, but it is waived for the first 12 months.
The ThankYou Premier is subject to Citi’s sign up bonus rule, which is that you are only eligible to earn a sign up bonus if you haven’t opened or closed a card from the same type (brand or co-brand) within the last 24 months. So if you have opened or closed another Citi Premier, a Prestige, or a Preferred card in the last two years you cannot earn the 50,000 ThankYou Point sign up bonus.
We’re happy to see an increase in the sign up bonus for any card, and it’s even better when it’s for a card with great benefits like the ThankYou Premier. You can redeem these 50k points for $625 worth of paid flights, or for a much higher value by transferring to an airline partner. We value ThankYou Points at 1.9 cents each (making the bonus worth roughly $950 if you transfer ThankYou Points first). This is typically as good the bonus gets for the ThankYou Premier.
If you haven’t opened or closed a Premier, Prestige, or Preferred card in the last 24 months, then you should seriously consider signing up for this card. It’s got a lot to offer for free the first year, and for a relatively small price tag after that.
Hat tip Doctor of Credit