33 Benefits of the Citi Premier℠ Card [For Travelers]

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U.P. Rating for Citi Premier℠ Card Review:

Perhaps you’ve been thinking of applying for a travel rewards credit card but you’re not quite ready to pay the higher annual fee that can come with premium travel rewards cards.

Although premium travel rewards cards offer a lot of luxury travel perks and other benefits that can negate all or most of the annual fee, there’s still that large fee that has to be paid every year.

If you’re a frequent traveler and want an alternative to a premium travel rewards card, you might consider the Citi Premier℠ card. If most of your spending is on travel, gas, entertainment, and dining, you’re going to find elevated earnings that will make it easy to accumulate rewards quickly. Your points will also be easy to redeem with several flexible options, including travel.

That’s not the end of the benefits that come with the Citi Premier card; however, as there are so many other reasons to consider the card, so here’s a long list of all the benefits of the Citi Premier card.

Lots of Ways to Earn ThankYou® Rewards Points

The Citi Premier card is perfect for the traveler as bonus earning categories include common travel purchases.  Rewards are also valuable as they are earned in the form of ThankYou® points, which have several flexible redemption options.

1. A Generous Welcome Bonus

Earn a welcome bonus worth hundreds of dollars after meeting minimum spending requirements within the first 3 months after card approval.

2. Earn on Travel Purchases

Los Angeles LAX Airport
Earn 3 ThankYou points per dollar spent on travel purchases. Image credit: Shutterstock.com

Points will add up quickly as you earn 3 ThankYou points per dollar spent on airfare, hotels, car rentals, parking, gas purchases, and more.

3. Earn When Dining Out

Whether it’s a late night hamburger, a high-end dining experience, or lunch at an outdoor cafe, you’ll be earning 2 points for every dollar you spend on dining.

4. Earn on Entertainment

Purchase those sporting event, concert, amusement park, and theater tickets with your Citi Premier card and earn 2 points per dollar spent.

5. Earn on Every Purchase

Every purchase you make with your Citi Premier card earns at least 1 ThankYou point per dollar spent.

6. No Limit on the Number of ThankYou Points You Can Earn

Unlike some travel rewards cards that limit the amount of spending that earns elevated rewards in bonus categories, the Citi Premier has no such limit.

Bottom Line: Frequent travelers will find the Citi Premier card a good match as every travel purchase, including gas stations, earns 3 ThankYou points per dollar spent and 2 ThankYou points per dollar spent on dining and entertainment. 

Share the Benefits with Others

7. Add an Authorized User to Earn Even More

There is no cost to add an authorized user to your Citi Premier card and their purchases earn ThankYou points.

8. Share Points between Accounts

There are no fees to transfer ThankYou points between accounts. Up to 100,000 points can be shared and 100,000 points received in a calendar year. Points expire 90 days after points are received.

Singapore Airlines First Class
Transfer ThankYou points to fly Singapore Airlines to Japan. Image Credit: Singaporeair.com

Redeeming Your ThankYou Point Rewards

One reason ThankYou points are so valuable is because of their flexibility. They can be transferred to airline loyalty programs, used to purchase travel, redeemed for merchandise, gift cards, or even cash back.

9. Transfer Points to Airline Loyalty Programs

Transferring points to airline frequent flyer programs can result in great value for your ThankYou points. Simply log in to your online Citi Premier account, click on Rewards and Benefits, then “more ways to redeem”. ThankYou points transfer at the rate of 1 point to 1 mile.

Check out some of the best ideas for redeeming your ThankYou points by transferring to airline partners.

Redeem ThankYou Points
Redeem your ThankYou points for 25% more through Citi. Image credit: Citi.

10. Redeem for Travel via the Citi ThankYou Travel Portal

Your ThankYou points can be worth 25% more when redeemed for flights through the ThankYou Rewards portal and 1 cent when redeemed towards travel.

11. Transfer to Sears Shop Your Way

Transferring your ThankYou points to Sears ShopYourWay™ points is a decent option that gives you more than 1 cent in value for your ThankYou points. A ThankYou point is worth 12 ShopYourWay points. Since a ShopYourWay point is worth 1/10 of a cent, 1 ThankYou point will equal 1.2 cents worth of ShopYourWay points.

12. Redeem for Gift Cards

Generally, your ThankYou points are worth 1 cent per point when redeeming for gift cards, but occasionally there are specials where the value is greater. With the 1 center per point, that means 2,500 ThankYou points will earn you $25 to one of the many retail partners. For a list of Citi’s current gift card merchants, visit the ThankYou Rewards portal.

13. Redeem for Cash-Back or Shopping

While redeeming your points for cash-back or merchandise is not the best value for your points, at least it’s an option if you need to do it. You’ll receive less than 1 cent per point in value and in many cases just 1/2 cent per point. As of May 2019, there’s a few retailers that were available:

Shopping with Points with Citi ThankYou points
Citi ThankYou Rewards Shop with Points. Image credit: ThankYou.com

14. Pay Your Mortgage or Student Loans

Make your mortgage or student loan payment with ThankYou points. Image credit: Citi.

A really nice option, if you need to use it, is to use your ThankYou points to pay your monthly mortgage or make student loan payments. You’ll receive 1 cent per point in value when using this redemption option.

15. Make a Charitable Donation

Redeem your ThankYou points for a charitable donation to the American Red Cross or Smile Train for a value of 1 cent per point.

Bottom Line: While the value you receive for your ThankYou points may vary, the flexibility to select the best redemption for your situation has tremendous value.  

Recreation and Entertainment Benefits

16. Citi Concierge

With the Citi Premier card, you’ll have access to an expert 24/7 with the Citi® Concierge dedicated phone line.  Get help with travel, shopping, entertainment, and dining out. The concierge staff can help with concert tickets, dinner reservations, or planning out that dream vacation with a simple phone call.

17. Citi Entertainment℠

Citi Entertainment
Your Citi Premier card gives you access to thousands of events. Image credit: Citi.

Receive special access to events, exclusive invitations, dining perks, ticket pre-sale privileges, preferred pricing and more.

World Elite Mastercard Benefits

Some of the benefits covered below are actually World Elite Mastercard benefits that come complimentary with the Citi Premier card. The list of World Elite Mastercard benefits is lengthy, but here are some of the most notable:

18. Luxury Hotel and Resorts Benefits

Receive upgraded rooms, hotel amenities, credits to use during your stay, late checkout, complimentary breakfast, and more at over 2,000 luxury properties worldwide.

19. World Elite Air Program

Receive up to 25% discount on premium flights with several airlines.

20. Priceless Mastercard Golf Experiences

Receive special access to courses, even private courses, worldwide and be treated like a member. Enjoy select tee times, use of member facilities, discounted pricing, and more.

You’ll find information on these and additional World Elite Mastercard benefits here.

Travel Protections and Benefits

21. Car Rental Insurance

Receive up to $50,000 towards repair or the cash value of the rental car for damage or theft. The coverage is secondary within the U.S., and if outside of the U.S., primary coverage. Secondary coverage requires you to file a claim with your auto insurance first.

For the coverage to be effective, you must reserve and pay for the rental car with your Citi Premier card and decline the rental car company’s Collision Damage Waiver (CDW) coverage.

The rental period cannot exceed 31 days in length. Coverage in not included for loss of use, depreciation, or liability coverage.

Hot Tip: Do you rent cars often? If so, you might find our article on the best credit cards for car rental insurance coverage helpful.

22. Trip Cancellation and Interruption

When your trip is interrupted or even cancelled, it’s good to know you have some financial recourse. You could receive up to $5,000 per trip for covered events. You, your family members who are dependents, and/or domestic partners are covered.

23. Trip Delay Protection

If you experience a trip delay of more than 12 hours, you could receive up to $500 per covered traveler, per trip.

24. Baggage Delay Protection

When your bags are delayed, you’ll need some necessities. Receive up to $100 per traveler, per trip, when your bags are delayed more than 6 hours.

25. Lost Baggage Insurance

It’s a different story if your bags are completely lost, stolen, or damaged, as the financial impact could be much more. If your bags fall into this category, you could receive up to $3,000 per traveler, or $2,000 for New York residents, per bag, per trip.

26. Roadside Assistance

One call gives you roadside assistance 24/7 wherever you are in the U.S., Puerto Rico, and the U.S. Virgin Islands. You’ll only pay a discounted pre-negotiated price for the service call. Services provided include flat tire change, jump starts, lock-out service, towing and winching, and delivery of up to 2 gallons of fuel.

27. Travel and Emergency Assistance

Finding assistance when you don’t know the local language can be challenging. With emergency assistance, you can receive help finding an English speaking doctor, attorney, help with emergency transportation, and so much more. The assistance service is complimentary, but you are responsible for the cost of any services delivered by the providers.

28. Worldwide Travel Accident Insurance

While it’s coverage you never want to use, if you have a serious injury or death during your travels on a common carrier, it’s good to know that the benefit is there. Receive up to $500,000 per person. The entire trip on the common carrier must be paid for with your Citi Premier card. You, your spouse, your dependents, and/or domestic partner are covered.

29. No Foreign Transaction Fees

Take your card along when you travel as foreign purchases will not incur foreign transaction fees.

Shopping Protections and Benefits

30. Purchase Protection

Simply purchase an eligible item with your Citi Premier card and if the item should be damaged or stolen within 90 days of the purchase or delivery date, you could receive up to $10,000 per incident. There is a maximum limit of $50,000 per calendar year.

31. Citi® Price Rewind

Citi Price Rewind
Citi Price Rewind. Image credit of Citi

Don’t you just hate it when you buy an item and then the price drops? Citi Price Rewind, a valuable benefit of the Citi Premier card, makes sure it doesn’t happen to you. Purchase an eligible item on your card and Citi Price Rewind will track the price for 60 days. If the price goes down, you’ll receive a statement credit for the difference. Coverage is limited to $200 per incident and a maximum of $1,000 per calendar year.

32. Extended Warranty

Why items seem to break down just after the manufacturer’s warranty expires is still a universal mystery. This benefit extends the manufacturer’s warranty on eligible items for 24 months. The benefit is valid on items with a manufacturer’s warranty of 5 years or less. Coverage is limited to $10,000 per item.

33. Return Protection

If you purchase an eligible item with your Citi Premier card and need to return it but the merchant won’t take it back, you could receive up to $300 per item. The maximum limit is $1,000 per calendar year.

Final Thoughts

The Citi Premier card with its lower annual fee, waived the first year, is a good alternative to the high-end travel rewards cards. You’re not getting that complimentary lounge access or hotel elite status but you’re not paying that higher annual fee, either.

The card delivers a nice combination of bonus rewards earning opportunities for purchases travelers make most and plenty of flexible options to redeem those points for good value. Add in the long list of World Elite Mastercard benefits, travel and shopping benefits/protections, and the card is a worthy contender.

If you’re a traveler wanting a solid card that will serve you well when it comes to earning and redeeming points, the  Citi Premier is a good choice.


Featured Image Credit: Shutterstock

FAQ

If the Citi Premier card worth it?

Yes. If you’re spending money on travel and want a card that will earn on those purchases plus offer plenty of flexible redemption options, the Citi Premier card is worth it.

The annual fee is waived the first year on the card so you can try the card out for a year to see if it is a fit.

With a nice welcome bonus after meeting a minimum spending requirement in the first 3 months after card approval, and elevated earnings on travel, entertainment and dining purchases, you’ll earn hundreds of dollars worth of travel in just the first year.

How do ThankYou points work?

ThankYou points are earned on purchases made with your Citi Premier card.

Every purchase you make with your card will earn at least 1 ThankYou point per dollar spent. However, certain categories of purchases earn multiple ThankYou points per dollar spent.

With the Citi Premier card, you’ll earn 3 points per dollar spent on all travel purchases, including gas stations, and 2 points per dollar spent on entertainment and dining.

The points you earn are deposited into your ThankYou account after each statement period. You can sign in to your Citi Premier account online and access your ThankYou account when you’re ready to redeem your points.

You can redeem your points for travel, gift cards, pay your mortgage, get cash back, and more.

Can I transfer ThankYou points to airlines?

Yes, ThankYou points are transferable to 15 airline partners and it’s an easy transaction.

Just log in to your Citi Premier account online and select Rewards and Benefits, then ThankYou Rewards. You’ll then see a list of all the available redemption options, and there are many.

Under the Travel tab, you’ll see the Transfer option. Select the transfer option and you’ll see a list of airlines.

Prior to transferring your ThankYou points, you’ll need to have a frequent flyer account established with the airline you’re transferring to so make sure you’ve set one up in advance and have the account number handy.

Many transfers happen nearly instantly, others can take 1-2 days.

How much are ThankYou points worth?

ThankYou points vary in value depending on the redemption option but generally you’ll find their worth to be between 1/2 cent per point and 5 to 6 cents per point.

For example, if you redeem your ThankYou points for a statement credit, you’ll receive just 1/2 cent per ThankYou point.

If you transfer your ThankYou points to airline partners, it is possible to receive 5-6 cents per point when redeeming for award flights.

A redemption that yields less than 1 cent per ThankYou point is not good value.

Christine Krzyszton

About Christine Krzyszton

Christine, who lives in Northern Michigan, travels about 300,000 miles a year despite her remote location. Her expertise is traveling the world on a weekend with no pre-determined destination in mind, letting the cost of the airfare determine where she will go. She has over four million flown miles and elite status on all three major domestic carriers.

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