Update: This offer for the Citi Premier℠ Card has expired. Learn more about the current offers here.
Since the beginning of the month the Citi Premier℠ Card has been offering its best ever welcome bonus, and in this post I wanted to look at eight reasons you should consider applying for the card under the current offer.
Welcome bonus of 60,000 points
The Citi Premier℠ Card is offering a welcome bonus of 60,000 ThankYou points after spending $4,000 within three months of account opening.
This is the first time we’ve seen a welcome bonus this big on the card. Previously the card offered a bonus of 50,000 points at the absolute most, though for the most part it has been even less than that. So seeing a bonus of 60,000 points is pretty special.
Annual fee waived for the first year
Like many mid-range cards, the card has a $95 annual fee, though the annual fee is waived for the first 12 months. This is a great opportunity to try the card before you buy it, so to speak. Given the card’s welcome bonus and bonus categories, it’s especially great to have the first year’s annual fee waived.
Exceptional bonus categories (up to 3x points)
Purely in terms of bonus categories, I consider this to be the most well rounded mid-range card out there, as it offers:
- 3x points on travel, including gas stations
- 2x points on dining & entertainment
- 1x points on all other purchases
There’s simply not another mid-range card out there that offers such generous bonus categories, in my opinion.
Transfer your Citi ThankYou points to Etihad for business class redemptions
Redeem points for $750 towards travel
If you’re someone who doesn’t want to play the mileage game, at a minimum you can redeem Citi ThankYou points for 1.25 cents each towards the cost of airfare. So the 60,000 point welcome bonus on the Citi Premier℠ Card will get you $750 worth of airfare, which is an awesome bonus.
Great airline transfer partners
If you like getting outsized value from your points by converting them into airline miles, then Citi ThankYou has over a dozen partners, including the following:
|Citi ThankYou Transfer Partner||Transfer Ratio|
|Air France KLM FlyingBlue||1000 : 1000|
|Avianca LifeMiles||1000 : 1000|
|Cathay Pacific Asia Miles||1000 : 1000|
|Etihad Guest||1000 : 1000|
|EVA Air Infinity MileageLands||1000 : 1000|
|Garuda Indonesia GarudaMiles||1000 : 1000|
|Jet Airways JetPrivilege||1000 : 1000|
|JetBlue TrueBlue||1000 : 800|
|Malaysia Airlines Enrich||1000 : 1000|
|Qantas Frequent Flyer||1000 : 1000|
|Qatar Privilege Club||1000 : 1000|
|Singapore Airlines KrisFlyer||1000 : 1000|
|Thai Royal Orchid Plus||1000 : 1000|
|Turkish Airlines Miles & Smiles||1000 : 1000|
|Virgin Atlantic Flying Club||1000 : 1000|
If you don’t otherwise have Citi ThankYou points, some of these points currencies overlap with partners of Amex Membership Rewards and Chase Ultimate Rewards, making it easy to accumulate a lot of points in a single program.
Transfer points to other people
One of the challenges with transferable points currencies is that you’re often limited in terms of who you can transfer points to, should you want to convert your points into airline miles in someone else’s account.
Citi has one of the most generous policies when it comes to transferring points. They let you transfer up to 100,000 points per year to another ThankYou member, and there’s no requirement that they be a spouse, member of the same household, etc. Then in turn those members could transfer points to their own frequent flyer account.
This gives you lots of flexibility to consolidate points that multiple ThankYou members earn. Do note that points transferred to others expire after 90 days (though by transferring to one of Citi’s partners you’ll then be subjected to their expiration policy, rather than the 90 day policy).
A points currency that’s increasing in value
I recently wrote a post sharing my general thoughts on the three major transferable points currencies. As I explained in that post, my relative valuation of Citi ThankYou points has gone up:
- Citi has offered transfer bonuses with some regularity, including to Air France-KLM Flying Blue, Etihad Guest, JetBlue TrueBlue, and Virgin Atlantic Flying Club (Amex also offers transfer bonuses sometimes, but Chase doesn’t)
- Citi has added several transfer partners lately, including Avianca LifeMiles, which really add value to the program
What it comes down to is that at this point I value Amex Membership Rewards, Chase Ultimate Rewards, and Citi ThankYou points roughly equally. With Chase losing Korean Air SkyPass as a partner, I might even value those points slightly less, for the first time ever.
LifeMiles are a useful currency for all kinds of Star Alliance redemptions
A potential path to the Citi Prestige Card
The Citi Prestige Card is one of my favorite credit cards, given that it offers a fourth night free hotel benefit that saves me thousands of dollars per year. The catch is that if you apply for this card outright there’s not actually a welcome bonus.
The future for the Citi Prestige is pretty unclear at this point, though I’d note that historically it’s possible to upgrade your Citi Premier to a Citi Prestige after a year. This would allow you to take advantage of the great points earning and welcome bonus on the Premier, while eventually transitioning to the Prestige.
Assuming things stay the way they are right now, that potentially gives you the best of both worlds.
Getting approved for the Citi Premier℠ Card
In terms of getting approved for the Citi Premier℠ Card, you’re not eligible for the welcome bonus if you’ve opened or closed the ThankYou Preferred, ThankYou Premier, or Citi Prestige card in the past 24 months.
So you’re potentially eligible if you currently have one of those cards, you just can’t have opened or closed one of them in that timeframe.
If you don’t have the Citi Premier℠ Card, the card is seriously worth considering, especially given its best ever welcome bonus. The card has a big bonus, offers a great rewards structure, and in my opinion is increasing in value overall, unlike some other currencies.