[Application link: Citibank ThankYou Premier]
Citibank continues to build momentum for it's ThankYou program, most recently with big changes to it's Premier credit card and a more robust set of transfer partners. Here are the details:
- 50,000 ThankYou Rewards points after spending $3,000 in three months
- $95 annual fee (first year waived)
- 3 points per $1 spent on travel and gas
- 2 points per $1 spent on dining and entertainment
- 1 point per $1 spent everywhere else
- ThankYou Rewards benefits (transfer partners, 25% redemption bonus, etc.)
- No foreign transaction fees
- EMV chip card
- Approval difficulty: Moderate (675+ credit score with decent income)
- Churn status: Easy (can be reapplied as often as desired, following 8/65 rule)
Everything that changed about this credit card is for the positive. First of all, $3,000 in three months is a lower spend and shorter time frame to receive the 50,000 points. That's huge. Then the waived annual fee was actually lowered to $95 from $125. That doesn't happen often. And, on top of that, the bonus categories were reconfigured to upgrade the broad travel category (including gas) to 3 points per dollar spent.
In addition to the above changes, ThankYou continues to build momentum in terms of a valuable bank program. This is exemplified first and foremost in their transfer partners, which include international behemoths like Singapore and Qantas - both airlines that have been hard to unlock from an award perspective.
A full list of partners is shown below:
- Air France
- Asia Miles
- EVA Air
- Garuda Indonesia
- Hilton (2:3)
- Malaysia Airlines
- Qantas Airlines
- Qatar Airways
- Singapore Airlines
- Thai Airways
- Virgin Atlantic
The negative sides of this deal are mostly comparative to the other major bank programs: Chase Ultimate Rewards and American Express Membership Rewards. Meaning that while all of the above is good news, if you had just one choice for a credit card your money would likely be better spent on a card like the Sapphire Preferred. But it's now much closer.
The other "negative" is while the transfer partners are getting better, the list still requires a hefty sum of miles to do something with. For example, I have already written in detail about the luxury of Singapore Air business class. The price is steep: 170,000 Singapore Air miles for a roundtrip business class flight from mainland U.S. to destinations like Singapore, Ho Chi Minh City, Manila and Bali.
The Final Word
This card is a no-brainer application, especially with the waived annual fee in the first year. Apply today and start stockpiling both ThankYou and Ultimate Rewards points - either to redeem a once-in-a-lifetime luxury award or to maintain flexibility in your award wallet.
Disclaimer: Photos credit to Citibank.