Since mid-July, the Citi Premier℠ Card has been offering an increased sign-up bonus of 50,000 ThankYou points upon completing minimum spend ($4,000 within three months of account opening), which is the biggest public bonus we’ve seen on the card in a long time. Prior to that the sign-up bonus was 30,000 points upon completing minimum spend.
If you’ve been considering this offer but haven’t yet applied, I’d recommend doing so ASAP, as the details of the offer are expected to change this coming Tuesday, August 22. We don’t know what exactly will change, but I’d guess the sign-up bonus will likely be decreasing.
The Citi Premier℠ Card is an incredibly compelling mid-range card. It has a $95 annual fee, which is waived for the first 12 months. It’s also the most rewarding Citi card for everyday spend, as it offers:
- 3x points on travel, including gas stations
- 2x points on dining & entertainment
- 1x points on all other purchases
Those are well rounded bonus categories. Keep in mind that the card offers 3x points on travel purchases including gas, unlike most other cards, which won’t include “gas” in the travel category. Without accounting for the fact that I value ThankYou points slightly less than Membership Rewards or Ultimate Rewards points, those are the most well rounded bonus categories for a mid-range card.
Points earned on the Citi Premier℠ Card can be redeemed for airfare at the rate of 1.25 cents per point (making 50,000 points worth $625), or alternatively can be transferred to the ThankYou hotel and airline partners.
If you haven’t yet applied for the Citi Premier℠ Card, I’d seriously consider doing so by Monday, as this offer is likely to change after that.