Citi ThankYou Premier Card 2X ThankYou Points for 24 Months

Credit Card:
Citibank
Price:
2X Points

Reviewed by:
Rating:
4
On September 25, 2012
Last modified:September 26, 2012

Summary:

Citi ThankYou Premier Card lets you earn 2 ThankYou Points for every dollar spent in the first two years and 1.2 Points/dollar at gas stations, supermarkets, drugstores, commuter transportation and parking merchants afterwards, and 1 Point everywhere else. The card has no foreign transaction fee and no points cap or expiration. $125 annual membership fee is waived for the first year.

I am usually not a big fan of credit cards with annual fee, but I do own three cards that carry membership fees. One of them is Citi ThankYou Premier Card which I got through the replacement of my old PremierPass card a few years ago.  Since I didn’t pay membership fee for the PremierPass card (I got the card when there was a special promotion that waived the fee), I got keep the same benefit when I was switched to the Citi ThankYou Premier Card. So even though the new card charges $125 a year, I actually don’t need to pay anything. That’s the reason I still keep the card.

Another reason that I carry the card with me and use it quite often is that the card’s reward program is pretty good. If you are a new cardholder, you are able to earn 2 ThankYou Points for every dollar spent on all purchases in the first 24 months of membership. After that, you can still earn 1.2 ThankYou Points per $1 spent when you use your card at gas stations, supermarkets, drugstores, commuter transportation and parking merchants. That’s higher than the one point per dollar or one mile per dollar from most other travel or airline rewards credit cards. Also, unlike many other rewards credit cards that offer higher cashback for certain shopping categories that are rotated every quarter, Citi ThankYou Premier Card has fixed categories that let you earn 1.2 ThankYou Points per dollar, eliminating the hassle of having to remember when and where to use the card for maximum benefit. Citi ThankYou Premier Card also has limited time offers that let cardholders earn more Points than the normal rewards. For another other purchases, 1 ThankYou Point will be credited for every dollar spent at places other than those mentioned above, which is  standard these days.

Another feature I like about the Citi ThankYou Premier Card is that if you use the card to purchase airline tickets, in addition to the Points earned from the purchase, you can also earn one ThankYou Flight Point for every mile flown. That, from what I know, is quite unique (the PremierPass card also has this feature). Of course, this is different from the frequent flyer miles that you will get from the airline. As a Citi ThankYou Premier Card member, you will receive one annual complimentary domestic companion ticket (within the contiguous USA) and a 15% discount when booking air travel through Citi travel benefits provider Spirit Incentives.

In addition to the ThankYou Points earned from making purchases with the card, Citi also rewards cardholders extra bonus points on anniversaries. Currently, the anniversary bonus works like this: On the first anniversary, you will get 1% of total points earned during the membership year as anniversary bonus; on the second anniversary, the bonus is 2%; 3rd 3%; 4th 4%. After being a cardholder for four years, the anniversary bonus is fixed at 5% of points earned during the year. Other benefits of the Citi ThankYou Premier Card include:

  • No foreign transaction fee on purchases, which could save you money if you travel overseas a lot
  • Get extra points when shopping through the ThankYou Bonus Center
  • No limit on the number of Points you can earn and Points earned never expire
  • Earn bonus points for enrolling in Account Online and for signing up for Paperless Statements

If you have family members or friends who are also using the Citi ThankYou Premier Card, you can share ThankYou Points with them using ThankYou Point Sharing App on Facebook, or using Points Transfer to give points to them directly, which is pretty cool.

As I mentioned above, with all these benefits, the card does have a pretty high annual fee of $125, but the good news is, for new card member, the fee is waived for the first year, that’s a savings of $125.

So are you interested in the Citi ThankYou Premier Card?

Citi ThankYou Premier Card lets you earn 2 ThankYou Points for every dollar spent in the first two years and 1.2 Points/dollar at gas stations, supermarkets, drugstores, commuter transportation and parking merchants afterwards, and 1 Point everywhere else. The card has no foreign transaction fee and no points cap or expiration. $125 annual membership fee is waived for the first year.

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2 Responses to “Citi ThankYou Premier Card 2X ThankYou Points for 24 Months”

  1. David |  Jun 13, 2011 at 7:29 am

    I thought Ally was required by the FDIC to keep their rates like no better than 5th highest or 6th highest. Based on their CD rates, it seems like they would raise their savings rates more if they could.

    I also got this card as a replacement too. I’d feel more annoyed about losing some easy money, if it wasn’t my anchor card (from precollege) that has really supported my credit score through the bonus bombardment it has taken the last couple years.

  2. No name |  Sep 26, 2012 at 12:34 pm

    The $125 annual fee is quite steep. Don’t know if I want to have the card, but I also like the Flight Points idea.