Citi Premier Card: 7 Reasons To Apply

Citi Premier Card: 7 Reasons To Apply

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Link: Apply now for the Citi Premier® Card

The Citi Premier® Card (review) is one of the most rewarding mid-range credit cards. While many people might be familiar with the Chase Sapphire Preferred® Card (review), the Citi Premier is an often overlooked competitor (or complement, depending on how you look at it).

The card is even offering a limited time welcome bonus, so in this post I wanted to share share seven reasons you should get the Citi Premier, if you don’t yet have it. In no particular order…

80,000 Citi ThankYou bonus points

The Citi Premier Card has a best-ever limited time welcome bonus of 80,000 ThankYou points after spending $4,000 within three months (unfortunately the end date for the offer hasn’t been published).

Personally I value ThankYou points at 1.7 cents each, so to me that bonus is worth a massive $1,360, making it one of the best credit bonuses out there. Since a lot of people don’t have this card, these are some easy rewards points to rack up.

Those 80,000 points can earn you at least $800 in rewards, or can be converted into airline miles of ThankYou partners at a 1:1 ratio.

See here for the general restrictions on applying for Citi cards, and also be aware of Citi’s 24-month rule.

Redeem Citi ThankYou points for travel in Virgin Atlantic Upper Class

Reasonable $95 annual fee

We’ve seen quite a bit of inflation when it comes to credit card annual fees in recent years, as credit cards have continued to become more rewarding. It’s pretty noteworthy that the Citi Premier Card has an annual fee of just $95 per year, and there’s no cost to add additional authorized users.

There’s a lot of value in having a premium credit card, so paying a fee of under $100 per year for that is very reasonable when you think of how much value you can get with the card.

Pay an annual fee of just $95 with the Citi Premier

The best 3x points bonus categories

Among credit cards with annual fees of under $100, the Citi Premier Card almost unarguably offers the best bonus categories. The Citi Premier offers 3x ThankYou points in the following categories:

  • Airfare
  • Dining
  • Gas
  • Groceries
  • Hotels

Of particular note is being able to earn 3x points on dining, gas, and groceries, which for some people covers a majority of everyday expenses. The card also doesn’t have foreign transaction fees, making it a great card for purchases abroad.

Earn 3x ThankYou points on hotel spending

Annual $100 hotel credit

Once every calendar year, the Citi Premier Card offers $100 off a single hotel stay of $500 or more, excluding taxes and fees. This is valid when booking through the Citi ThankYou portal. While there may be an opportunity cost to booking this way, many people will find this to be valuable, and in those cases, this alone can more than justify the annual fee.

Receive a $100 annual hotel credit

Great Citi ThankYou transfer partners

The Citi Premier Card is ideal if you’re looking to earn points that can be transferred to airline partners. These points hold their value quite well, and can give you some amazing premium travel experiences.

For example, Citi ThankYou points can be transferred to Air France-KLM Flying Blue, Avianca LifeMiles, Emirates Skywards, Etihad Guest, Singapore KrisFlyer, Turkish Miles&Smiles, Virgin Atlantic Flying Club, and many more. The opportunities to redeem these points for premium travel are endless.

Best of all, if you have Amex Membership Rewards, Capital One, or Chase Ultimate Rewards points, there is some overlap between partners, so in many cases, you can transfer points to the same partners from multiple programs.

Emirates Skywards is a Citi ThankYou transfer partner

Maximize the Citi Double Cash

This is arguably the most compelling reason to get the Citi Premier Card. The no annual fee Citi® Double Cash Card (review) is one of the best cards for everyday, non-bonused spending. The card offers 1x ThankYou points when you make a purchase, and 1x ThankYou points when you pay for that purchase, meaning you can earn up to 2x ThankYou points.

Rewards can be combined with those earned on the Citi Premier Card, and you could then transfer those rewards to ThankYou transfer partners. If you have the Citi Premier and Citi Double Cash you’d pay a single $95 annual fee, and you’d earn:

  • 3x points on airfare
  • 3x points on dining
  • 3x points on gas
  • 3x points on groceries
  • 3x points on hotels
  • 2x points on all other purchases

That’s incredible, and makes this one of the best credit card duos out there.

The Citi Double Cash is a great complement to the Citi Premier

Get even more value with the Citi Rewards+ & Citi Custom Cash

There are two other incredible no annual fee complements to the Citi Premier Card — the Citi Rewards+® Card (review) and the Citi Custom Cash℠ Card (review). Most significantly:

  • The Citi Rewards+ offers 10% of your points back for the first 100,000 ThankYou points you redeem every calendar year; this includes ThankYou points earned on other cards, meaning that 2-3x points can potentially earn you the equivalent of 2.2-3.3x points back, when all is said and done
  • The Citi Custom Cash offers 5x points on your top eligible spending category every billing cycle (on up to $500 of spending), with categories including drugstores, fitness clubs, gas stations, grocery stores, home improvement stores, live entertainment, restaurants, select streaming services, select transit, and select travel

If you really wanted to maximize rewards, you could pick up all three no annual fee complements to the Citi Premier, though even one or two could get you a long way.

Get 10% of your points back when you redeem Citi ThankYou points

Bottom line

The Citi Premier Card is an excellent credit card that’s all too often overlooked by people. The card has a huge best-ever limited time welcome bonus, offers some of the best 3x points categories of any card, and perhaps most exciting of all is that this card allows you to really maximize the no annual fee Citi Double Cash Card, which is one of the best cards for everyday spending. The Citi Premier and Citi Double Cash are one of the best card duos out there.

If you have the Citi Premier, what has your experience been with the card?

Conversations (3)
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  1. Frank Valentino Guest

    I have a ton of thank you points on my double cash ! Do I need to call to transfer some points to my citi premier ? Or can that be done online ? Thank you

  2. Explore Guest

    Hard denial just now for the Citi Premier, even after calling reconsideration. Credit score over 800, have Citi Double Cash but no other Citi cards, no Citi openings or closings in more than 24 months. Citi states I have “too many recent inquiries” which must involve other banks, except for accepting a recent low APR offer on the Double Cash. Only one or two hard pulls this year; a couple of personal cards opened with...

    Hard denial just now for the Citi Premier, even after calling reconsideration. Credit score over 800, have Citi Double Cash but no other Citi cards, no Citi openings or closings in more than 24 months. Citi states I have “too many recent inquiries” which must involve other banks, except for accepting a recent low APR offer on the Double Cash. Only one or two hard pulls this year; a couple of personal cards opened with Chase and Amex. Thanks Citi, for your opaque rules and another hard pull, this one worthless. I won’t be applying again soon.

    1. Lee Guest

      If a person has two inquiries in the past six months, the likelihood is that the person will not be approved by Citi. Same for Barclays. Data points suggest that Capital One's inquiry window might even be 12 months.

Featured Comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Frank Valentino Guest

I have a ton of thank you points on my double cash ! Do I need to call to transfer some points to my citi premier ? Or can that be done online ? Thank you

0
Lee Guest

If a person has two inquiries in the past six months, the likelihood is that the person will not be approved by Citi. Same for Barclays. Data points suggest that Capital One's inquiry window might even be 12 months.

0
Explore Guest

Hard denial just now for the Citi Premier, even after calling reconsideration. Credit score over 800, have Citi Double Cash but no other Citi cards, no Citi openings or closings in more than 24 months. Citi states I have “too many recent inquiries” which must involve other banks, except for accepting a recent low APR offer on the Double Cash. Only one or two hard pulls this year; a couple of personal cards opened with Chase and Amex. Thanks Citi, for your opaque rules and another hard pull, this one worthless. I won’t be applying again soon.

0
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