Citi ThankYou Premier Credit Card Review

The Citi ThankYou Premier card is comparable to the Chase Sapphire Preferred since it earns points on travel and dining. If you're in the mid or late game and looking for new cards, this might be a good option.

Citi Bank has a rule that states you cannot receive a signup bonus from a card if you received a bonus from Citi within the past 24 months. It's hard to accumulate a lot of ThankYou points due to the signup bonus rule. 

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Citi ThankYou Premier Credit Card

  • Annual fee: $95, waived the first year
  • Signup bonus: 50,000 ThankYou points after $4,000 in spend within the first three months of account opening
  • Earn 3x on travel, including gas stations
  • 2x on dining/entertainment
  • 1x on everything else

What are Citi ThankYou points worth?

The value of Citi ThankYou points depends on how you plan to redeem them. 

  • 1 Cents Per Point (CPP) = statement credit
  • 1.25 CPP = airfare via Citi Travel Portal
  • 2 CPP = transfer partners

Most people will redeem for airfare via the Citi Travel Portal since using transfer partners is more complicated. 


The Citi ThankYou Premier card has a 50,000 point signup bonus after you spend $4,000 within the first three months of account opening. 50,000 points are equivalent to $625 in value when you redeem for travel, which comes out to be 15.6% return on spend (ROS). Get 25% ROS when you use transfer partners.             

Signup Bonus: 50k TY points after $4,000 MSR (first 3 months)

  •  a) 50k TY * 1.25 CPP = $625 in value = 15.6% ROS
  • b) 50k TY * 2 CPP = $1,000 in value = 25% ROS


When you factor in spending multipliers with the value of cents per point, you get the following values for return on spend.

3x on travel

  • a) 3x * 1.25 CPP = 3.75% ROS
  • b) 3x * 2 CPP = 6% ROS

2x on dining/entertainment

  • a) 2x * 1.25 CPP = 2.5% ROS
  • b) 2x * 2 CPP = 4% ROS

1x on else

  • a) 1x * 1.25 CPP = 1.25% ROS
  • b) 1x * 2 CPP = 2% ROS

Citi 24 Month Rule

You aren't eligible for a ThankYou point signup bonus if you had the Prestige, Premier, or Preferred card that was opened OR closed* in the past 24 months.

*product changes sometimes affect this as well; usually if your card number changes

Optimal Strategy

If you are considering getting a Citi Prestige card,  the optimal strategy is to apply for the Citi ThankYou Premier card first since the Prestige currently does not have a signup bonus. Due to the Citi 24 month rule, if you apply for the Prestige first, you might not receive the signup bonus for the Premier.

Since the Prestige = no bonus (currently)

  1. Citi ThankYou Premier first = bonus
  2. Citi Prestige = later

The Citi ThankYou Premier's $95 annual fee is waived the first year, and you can product change it after you've had the card for 12 months. Product change options include the Citi Costco card, Dividend (5%), or Double Cash (2%).