Citi ThankYou Premier now offering 50K signup bonus (over two years)

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The Citi ThankYou Premier card has devalued its program a bit by getting rid of flight points, removing annual point bonuses, and lowering the airfare redemption value from 1.33 cents per point to 1.25 cents per point.  On the other hand, they’ve added bonus categories:

  • 3X Dining and Entertainment (note that the Citi Forward card offers 5X here)
  • 2X Airfare and Hotels

Citi is now offering a two-stage 50K signup bonus, as follows:

  • First year: 20K bonus points after $2K spend in the first 3 months
  • Second year: 30K bonus points after $3K spend in the first 3 months of year 2

First year annual fee is waived.  Second year annual fee ($125) is not waived.

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