Citi Premier℠ Card Review

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Citi Premier℠ Card Review

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"Travel benefits you can count on."

Frequent flyers will enjoy 3x points on travel with this card, plus 25% more points value through the Citi ThankYou Travel Center. Also earn 2x points on entertainment and dining!

The information for the Citi Premier℠ Card has been collected independently by Upgraded Points. The card details on this page have not been reviewed or provided by the card issuer.

Whether for work or play, traveling is in your blood. But the last thing you want to do is spend money if you don’t have to!

The cost of airline tickets and hotel stays add up. That’s why you stay abreast of the latest credit card offers, always keeping an eye out for ways to reduce your travel expenses.

With the Citi Premier℠ Card, you can rack up the points quickly and redeem them for travel rewards, gift cards, and more.

All the extra perks don’t hurt either!

Card Snapshot

  • Welcome Bonus & Info (Partner Content)
    • Earn 50,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
    • Earn 3 points per $1 spent on travel including gas stations
    • Earn 2 points per $1 spent at restaurants and on entertainment
    • Earn 1 point per $1 spent on all other purchases
    • 50,000 Points are redeemable for $625 in airfare on any airline, anytime with no blackout dates when booked through the ThankYou® Travel Center, or $500 in gift cards when redeemed at thankyou.com
    • No expiration and no limit to the amount of points you can earn with this card
    • Points Transfer allows you to transfer points to participating airline loyalty programs
    • No Foreign Transaction Fees on purchases
  • Card Categories:
  • Rewards Center
  • Customer Service Number
    888-248-4226
  • Login Link
  • Related Articles
  • Card Focus:
    • Airlines
    • Car Rental Agencies
    • Dining
    • Entertainment
    • Gas (Driving)
    • Hotels
    • Local Transportation
    • Travel (General)
  • Typical Users
    Food Lovers, Frequent Travelers, International Travelers

The Ideal Cardholder

Travelers Will Love the Citi ThankYou Premier Card
Travelers will love the Citi Premier℠ Card, because you can earn rewards for all types of travel purchases along with dining and entertainment! Image Credit: Daxiao Productions via Shutterstock

Sign-Up Bonus and Earning Categories

There is not typically a sign-up bonus points or an  introductory APR. However, see current sign-up bonus in the card summary table above!

However, you will earn 3x points on flights and hotels, gas stations, dining, and supermarkets, as well as 1x points for all other purchases. The card costs $95 per year, but it is waived in the first 12 months.

Bottom Line:  The Citi Premier℠ Card earns 3x points for all airfare and hotels, dining, gas stations, and supermarkets, plus 1x points for all other purchases. It costs $95 per year but the fee is waived in the first year.

Other Citi Premier℠ Card Benefits

One benefit is that your ThankYou points are worth 25% more when you redeem then through the ThankYou Travel Center (compared to redeeming through the ThankYou Rewards collection).

As a card member, you also get to choose the due date for your monthly bill. You can pick any available due date, whether it’s at the beginning of the month, end of the month, or smack in the middle.

With the card, you get access to Citi Private Pass and Citi Cards with Apple Pay, which can be nice features if used frequently. Additionally, you get Citi Price Rewind, which acts as a price protection within 60 days of a purchase.

Additional insurances include Damage and Theft Purchase Protection and Extended Warranty.

Citi Premier℠ Card Travel Benefits

First, it’s important to note the breadth that the travel category covers. Not only does it include any airline or hotel, but also tours, gas stations, public transportation, taxis, cruises, tolls, campgrounds, and even boat rentals!

International travelers will appreciate the lack of foreign transaction fees, which is an effective savings of about 3%. Plus, the card has EMV chip technology to make global transactions secure and hassle-free.

They will also love the insurances offered with the card: Trip Cancellation and Interruption Protection, Worldwide Travel Accident Insurance, Worldwide Car Rental Insurance, and Lost Baggage Protection.

You also have access to a global concierge team 24/7. If you need help purchasing tickets, booking tables at restaurants, or making trip arrangements, the concierge team will be there for you anywhere in the world.

Finally, the points you earn with the Citi Premier℠ Card are transferable to a range of travel partners that cover all alliances and many major international airlines. You won’t have trouble finding a way to use your points!

Citi Premier℠ Card Drawbacks and Alternatives

The biggest drawback to the card is the typical lack of sign-up bonus points.

At one time, you could earn points on purchases made with merchant partners through the ThankYou Rewards program, but that was eliminated in 2014 due to lack of response.

There are other Citi cards in the ThankYou program as well.

There’s no annual fee on the Citi ThankYou® Preferred Card, but it has fewer points categories. The Citi Prestige® Card comes with more perks, but carries a high $495 annual fee.

If you want a card that rewards you more for everyday spending, you could explore the Blue Cash Preferred® Card from American Express. It has a $95 after the first year, but an intro APR on purchases and transfers. See rates and fees.

This card will earn 6% cash-back at U.S. supermarkets (on up to $6,000, then 1%), 3% cash-back at U.S. gas stations and department stores, and 1% everywhere else.

If you travel frequently, you are probably better off with the points categories on the Citi ThankYou cards.

Bottom Line: The Citi ThankYou® Preferred Card or the Citi Prestige® Card may be better options for you depending on your spending. If you want something with more at-home categories, try the Blue Cash Preferred® Card from American Express.

Final Thoughts on the Card

For frequent flyers, this is a great option since you’ll earn 3x points on all airfare and hotels, gas stations, dining, and supermarkets.

While the annual fee is $95, you can earn rewards quickly when you accumulate points through your spending while dining out and on entertainment.

With a great range of travel partners to transfer your Citi ThankYou points to, you’ll have lots of flexibility with rewards on the Citi Premier℠ Card.

Great Card If

  • You fly for business and pleasure
  • You spend a lot in the travel category
  • You don’t mind paying an annual fee after the first year

Don't Get If

  • You rarely travel
  • You want access to a wide variety of airline loyalty programs

Card Fees

  • Annual Fee
    • $95, waived for first 12 months
  • Foreign Transaction Fees
    0%
  • Interest Rates
    • 16.74%-25.74% (Variable)
  • Late fees
    • Up to 29.99% Variable Penalty APR
  • Balance Transfers
    • 16.74%-25.74% (Variable)
    • Fee: 3% of each balance transfer; $5 minimum.
  • Cash Advance APR
    • 27.49% (Variable)
    • Fee: 5% of each cash advance; $10 minimum

U.P. Pro Tips

Earn 3x points on a wide variety of purchases like airfare, hotels, gas stations, dining, and supermarkets.

Note the Differences in Citi ThankYou Premier
Note that there are differences in the travel categories between the Citi Prestige® Card and the Citi Premier℠ Card. Image Credit: Ruslan Grumble via Shutterstock

Best Way To Maximize Points

You’ll want to stock up as many points as most points possible. We developed the following list of tips to show you how to get the most out of the Citi Premier℠ Card and earn as many Citi points as possible.

Tip #1: Ideally, you should use the card for all of your travel, dining out, gas stations, and supermarket purchases so you can take advantage of the extra points.

Tip #2: When dining out in a group, offer to put the tab on your card and let the others reimburse you with cash to earn extra points fast.

Tip #3: Book airline tickets, hotel reservations, car rentals, and cruises through the ThankYou Travel Center to get 25% more value out of your points.

Your points are worth 1.25 cents each with this option (as opposed to 1 cent each through Points Transfer.)

Tip #4: If you don’t have a Citibank checking account, open one so you can enroll it in the ThankYou Rewards program. You’ll earn bonus points once you set up a monthly direct deposit and qualifying bill payment for each statement.

Find out how many points you can earn for your account package here.

Tip #5: Unlike many other cards, there is no fee for adding authorized users to your card. So you can easily get points for their spending on top of your own.

Tip #6: If you have other Citi credit cards, combine the points on all of them into one ThankYou Rewards account. That way you’ll have a shot at redeeming for some bigger rewards.

Merge Your Citi ThankYou Points
Merge all your Citi ThankYou Points into one account from your Citi Premier℠ Card, Citi Prestige® Card, and Citi ThankYou® Preferred Card. Image Credit: Portb via Shutterstock

Best Way To Redeem Points

You have quite a few options for redeeming Citi Premier℠ Card points. Outside of using the Travel Center, they fall into 2 categories: paying with points and transferring points.

Whether you pay with your points or transfer them, their value will be static at 1 cent each. When you book through the Travel Center, you’ll be redeeming at 1.25 cents per point.

The following list of tips should help you get the best value when redeeming your Citi points.

Tips for Redeeming Citi Premier℠ Card

Tip #1: Even though points are valued more highly through the Travel Center, you might not always get the best deal (although there are no blackout dates). Compare prices from the Travel Center and ThankYou airline partners to see which is better.

Citi has a variety of participating air travel partners, which listed in the table below. You’ll notice there is a 1:1 ratio for all of loyalty programs except Virgin America Elevate and JetBlue TrueBlue.

Citi Transfer PartnerMin TransferTransfer RatioTransfer Time
Aeromexico Club Premier1,0001:1Almost Instantly
Avianca Airlines Lifemiles1,0001:1Almost Instantly
Air France / KLM Flying Blue1,0001:1Almost Instantly
Cathay Pacific
1,0001:1Almost Instantly
Etihad Airways1,0001:1Almost Instantly
EVA Air1,0001:12 Days
JetPrivilege1,0001:1Almost Instantly
JetBlue Airways1,0001:1Almost Instantly
Malaysia Airlines1,0001:11-2 Days
Qantas Airways1,0001:1Almost Instantly
Qatar Airways
1,0001:12 Days
Singapore Airlines1,0001:12 Days
Thai Airways1,0001:14 Days
Turkish Airlines1,0001:11-2 Days
Virgin Atlantic1,0001:12 Days
Emirates Skywards1,0001:1Almost Instantly

*Asia Miles includes 20 airline programs such as Air New Zealand, Mexicana, Air China, Gulf Air, and more.
**Etihad includes nearly 40 airline programs such as JetBlue, American Airlines, Air France, SAS, Air New Zealand, and more.

One last thing to note is that the Citi ThankYou® Preferred Card was previously unable to transfer points to transfer partners at all. Now, cardholders can do so at a reduced rate.

For instance, the JetBlue rate is 1:0.5 for cardholders versus the 1:0.8 with the Citi Premier℠ Card.

Tip #2: One of the most impressive benefits of the card is that you earn points on airline tickets purchased with your points.

In other words, you receive 3x points on every $1 you would have spent if you weren’t using points to purchase the ticket!

Tip #3: Don’t forget about hotel stays. For every 1,000 points you transfer to the Hilton Honors program, you receive 1,500 bonus points. It’s a simple way to earn free hotel stays in no time at all.

Tip #4: While ThankYou points are only valued at 1 cent when redeeming for gift cards and merchandise, this can be worth it if you have a lot of points to spend.

Use your points to shop on Live Nation, Amazon.com, and Expedia.com with the Shop with Points program.

You can also make purchases on the Best Buy app and Wonder app with your card, and then receive statement credit within 24-48 hours based on the points you’ve earned with Pay with Points.

Tip #5: Redeem points to pay your bills online by enrolling a Citibank checking account to your ThankYou account. You also have the option of combining points and cash.

Tip #6: Chances are you use your card to pay for items like groceries, clothing, dining, gas, utility bills, etc. With Select and Credit, you can get statement credit for purchases you’ve already made!

Tip #7: Enroll in PointWorthy and you can donate to IRS-approved nonprofits with your points or your card. Using your credit card earns you points for each dollar you donate.

Travel Transfer Partners: Virgin America Elevate, Virgin Atlantic, Etihad Guest, Qantas, Qatar Airways Privilege Club, EVA Air Infinity MileageLands, Flying Blue, Garuda Indonesia Frequent Flyer, Thai Airways Royal Orchid Plus, Malaysia Airlines Enrich, Singapore Airlines KrisFlyer, Asia Miles, JetBlue TrueBlue and Hilton Honors Worldwide.

Points Partners: Amazon.com, Expedia.com, LiveNation.com, BestBuy.com, Wonder

The Gritty Details: Everything Else You Need To Know

Points for travel must be transferred in increments of 1,000 points, and you may transfer up to 500,000 ThankYou Points at a time.

There is no fee to transfer points, but once a transfer is made it cannot be canceled or reversed.

Citi ThankYou points post to your monthly statement at the end of each billing cycle. They do not expire as long as you have an open Citi account that earns ThankYou points.

Eligible accounts include the Citi ThankYou® Preferred Card, Citi Prestige Card, and this card.

If you close your Citi Premier℠ Card account and do not have another open Citi credit card, you have 60 days to use your points.

Other Unique Features

Citi Price Rewind – Automatically searches for the lowest prices on purchases you register into the system. If a lower price is found within 60 days of the initial purchase date, you may receive the difference.

Trip cancellation & interruption protection – Get reimbursed for non-refundable trip expenses like change fees if unforeseen events get in the way of a trip paid for with the Citi card.

Lost baggage – If your checked or carry-on luggage is lost, stolen, or damaged by the common carrier, you can receive a refund of the purchase price of the missing items, or the cost to repair or replace anything that was damaged.

Worldwide car rental insurance – Coverage against theft or damage to a rental car when you decline the rental company’s collision loss/damage insurance.

Worldwide travel accident insurance – Receive financial assistance in the event of an accident.

Travel & emergency assistance – You can get assistance with emergency travel arrangements, travel issues, medical and legal referral and more 24/7, both before and during your trip.

Damage & theft purchase protection – If purchases made with the Citi card are damaged or stolen within 120 days of purchase (90 days for NY residents), you are reimbursed the cost of repairs or given a refund.

Extended warranty – Adds 1 year to a regular warranty.

Unauthorized charge protection – $0 liability on unauthorized charges

Citi.com/Apple Pay – Pay in-app or at over 200,000 stores with the iPhone6, or in-app with the iPad Air 2 and iPad Mini 3.

Frequently asked questions

Is the Citi Premier℠ Card worth it?

The card earns 3x points on airfare, hotels, gas stations, dining, and supermarkets. Plus 1x points on all other spending. The annual fee is $95.

ThankYou points can be redeemed for travel, merchandise, and gift cards. Overall, it is a good card for everyday spending.

How do I redeem Citi Premier℠ Card points?

Redeem Citi ThankYou points through the Citi ThankYou Rewards program for travel, merchandise, gift cards, and more.

When do Citi Premier℠ Card points expire?

There is no expiration date for Citi points as long as you have an active account.

Is there a limit to how many ThankYou points I can earn?

No. There is no limit to the number of points you can earn with the card.

How do I use the Citi Premier℠ Card for travel rewards?

Transfer ThankYou points in increments of 1,000 to participating airline loyalty programs. Additionally, you can book flights, rental cars, hotels, and more through the ThankYou Reward Center and receive 25% more value for points earned with your Citi Premier℠ Card.

What is the annual fee for the Citi Premier℠ Card?

The annual fee is $95.

Which is better, the Citi Premier℠ Card or Citi Prestige Card?

The Citi Prestige Card has more perks, such as a free 4th night when you book a minimum 4-night hotel stay and $250 airline travel credit. It earns 3x points on airlines and hotels and 2x points in dining and entertainment.

You also receive a points value of 1.25 for flights booked through the Travel Center. However, the Citi Prestige Card has an annual fee of $495.

In comparison, the Citi Premier℠ Card earns 3x points on airfare an hotels, gas stations, dining, and supermarkets.

Alex Miller

About Alex Miller

Alex has been traveling for over 25 years and from a young age was lucky enough to set out on numerous family trips all over the world, which gave him the travel bug. Alex has since earned millions of travel points and miles, mainly through maximizing credit card sign-up bonuses and taking every opportunity to earn the most points possible on each dollar spent.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

2 comments

  1. Please correct your false information on this site. They do not waive the first year annual fee of $95. I was charged the fee and they also got rid of all travel insurance. I called Citi Bank and told them of our false advertising and the direct link to their web site. If you do not take this false info down you will deal with Citibank and my attorney. Either you or both you and Citibank are conducting false advertising and are a scam.

    Reply

    • Hi Tamara,

      We have updated the post to reflect the correct offer, and I am sorry for the frustration this may have caused you. I can assure you that our website is in no way a scam. As you know, credit card offers can change sporadically. Our team here at Upgraded Points works incredibly hard to deliver great content and keep that great content as up to date as possible. We have close to 1,000 pieces of content available to readers so, unfortunately, things can fall through the cracks at times. We highly encourage all of our readers to look closely at the offer terms stated on a banks application page before submitting an application for a credit card. But we are very grateful to have loyal readers like yourself who point out when updates need to be made.

      So thanks again for pointing out that an update needed to be made and thanks for reading!

      Reply

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