I haven’t applied for many credit cards lately, though I just applied for a new card and was approved, so wanted to share why I applied, and what my approval experience was like.
The Citi Premier’s 60K bonus
Not only is that a huge bonus that’s worth a minimum of $750+ towards airfare (though I’d rather transfer points to Citi’s transfer partners), but the card is also very well rounded and offers lots of great benefits.
The card offers 3x points on travel and gas, and 2x points on dining and entertainment. I love Citi ThankYou transfer partners, especially when you consider how frequently they offer transfer bonuses. So there are lots of great reasons to pick up this card.
My eligibility for the Citi Premier
The terms on the Citi Premier application state that you’re not eligible for the welcome bonus if you’ve:
- Received a new cardmember bonus on the Citi Rewards+, Citi Thank You Preferred, Citi Premier, or Citi Prestige, in the past 24 months
- Closed the Citi Rewards+, Citi Thank You Preferred, Citi Premier, or Citi Prestige, in the past 24 months
I’ve had the Citi Prestige for eons, and back in the day I also had the Citi Premier. However, I wasn’t sure when I closed it. So I phoned up Citi, and they confirmed that I had closed the card in April 2017, which is over two years ago.
That means I haven’t opened or closed any of the above cards in the past 24 months, which also means I should be eligible for the Citi Premier bonus.
If you’re someone who doesn’t keep track of when you close cards and are in a similar situation, just phone up Citi, and they can tell you.
Why I got the Citi Premier
Obviously the 60K bonus is a nice reason to pick up this card, but my motivation goes way beyond that. My plan is either to keep this card long term, or to downgrade it to the Citi Rewards+.
Let me share my thoughts behind those two strategies:
Why I might keep this card
Some negative changes have been made to the Citi Prestige Card, and while I still have the card as of now, I’m not sure I’ll actually keep it long term. They’re changing the fourth night free benefit, and now they’re downgrading the travel protection, so I’ll have to crunch the numbers again.
However, I really value ThankYou points, so this is a good way to hedge my bets. Long term I might just keep the Citi Premier as my ThankYou currency card.
Why I might downgrade this to the Rewards+
At the beginning of the year the Citi Rewards+℠ Card was introduced. The card has no annual fee and offers one particularly unique benefit. Specifically, the card rounds up points to the nearest 10 ThankYou points, which could be awesome for small purchases.
After a year I should be able to downgrade the Premier Card to the Rewards+ Card, so this is a great pathway for getting that card.
My approval process
I applied for the Citi Premier on Monday, and didn’t get an instant approval, as I often find to be the case with Citi.
Fortunately yesterday evening, about three days later, I got an email indicating that I had been approved.
I’m very happy to have been approved for the Citi Premier. The card has a massive 60K point bonus, and is a card that I plan on keeping long term. Either I’ll use it as my primary ThankYou card if I no longer find the Prestige Card to be worth it, or I’ll downgrade it to the no annual fee Rewards+ Card after a year, as that card also has a unique value proposition.
Is anyone else picking up the Citi Premier? If so, what’s your strategy with the card?