Citi ThankYou Premier Card to Replace Citi PremierPass Card Elite Level

Looks like Citi is going to retire its PremierPass Card soon

Yesterday, I received a letter from Citi, informing me that on March 31, 2011, my Citi PremierPass Elite-Level Card will be replaced by the newly launched Citi ThankYou Premier Card. My first reaction was No because the ThankYou Premier Card has a $125 annual fee which I am not willing to pay, even though the fee is waived in the first year. The Elite Level PremierPass Card also has an annual fee, but I got mine four years ago through a deal that eliminated the fee. Therefore, I don’t think I will trade my no-fee card for a fee card. The concern, however, was quickly disappeared because the letter also says that I will continue to pay $0 annual membership fee on the new card, which, after the transfer, will have the same APRs and the same the account number.

To help me better understand the difference between the two cards, a comparison table was attached to the letter. The table is reproduced below because it contains more details on the ThankYou Premier Card benefits than those I listed in my previous post.

Citi ThankYou Premier Card vs Citi PremierPass Card-Elite Level

FeaturesCiti PremierPass Card-Elite Level
Citi PremierPass Card-Elite Level
Citi ThankYou℠ Premier Card
Citi ThankYou Premier Card
Points for every $1 spend at gas stations, supermarkets, drugstores, parking merchants and for commuter transportation2 ThankYou Points1.2 ThankYou Points
Points for every $1 spent on purchases1 ThankYou Point1 ThankYou Point
Points for each mile flown on any airline1 Flight Point1 Flight Point
Anniversary bonusNoYes
Account online enrollment bonusNoYes
Paperless statement enrollment bonusNoYes
Point expirationNo expiration as long as you make a purchase once every 18 monthsNo expiration
Point capUp to 200,000 annuallyUnlimited
Foreign transaction fee3% of the amount of the purchaseNo fee
Air travel discountNone15% discount on airfare
Domestic companion ticket programUnlimited use with minimum fare requirements1 companion ticket annually with no minimum fare requirement
Concierge serviceYesYes
Security and protection benefitsYesYes
Annual membership fee$0$0
Annual authorized user fee$0$0 for existing authorized users; $50 for new users added after March 31, 2011
Citi PremierPass Card-Elite Level and Citi ThankYou Premier Card Comparison

The main reason I got the PremierPass Card was that it was one of the best travel rewards cards and it is the only travel card I have. Though I don’t travel a lot, I do like to have a airline card on hand for occasional travels. I especially like the Flight Point feature of the PremierPass Card. Now that this benefit is preserved with the new card and there’s no annual fee either, I may just keep the Premier Card. Even though in general I don’t think its rewards are better than those I got from the old PremierPass card, such as for those purchases made at gas stations, supermarkets, etc, it doesn’t bother me too much because I have another card for those categories which earn  me 2% cash back.

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4 Responses to “Citi ThankYou Premier Card to Replace Citi PremierPass Card Elite Level”

  1. David |  Jan 21, 2011 at 8:47 pm

    I got the letter too. My premierepass is my oldest card by far. When I get this new card, will I still keep the history of the old card to help my credit score?

    • Sun |  Jan 21, 2011 at 10:41 pm

      I had a couple of cases before when my cards were closed because the old accounts were transfered to new accounts, usually between different issuers. In those cases, the old cards were shown in credit reports as account closed (just like those accounts that I closed myself) and the credit history was basically terminated. This case, however, I guess it could be different since the account number remains the same, thus the credit history may be preserved, though I am not 100% sure.

    • J |  Jan 24, 2011 at 10:47 pm

      David. I’ve had a couple of account conversions with Citi over the years and the account history always stayed the same on my credit reports, except for a small detail, such as converting from a normal card with a standard credit limit, to a “no pre-set spending limit” card, which on your credit report, shows as a blank space for limit.

  2. air supply |  Mar 28, 2011 at 6:02 pm

    mile points are no more.

    citi convert premier to thank you to get rid of their profit hole.