New 50K offer on the Citi Thank You Premier

The Citi Thank You Premier has come back with an increased sign-up bonus of 50,000 points after spending $4,000 in 3 months. This is the highest offer we’ve seen for this card (though at one point the spending requirement was only $3K). It is an increase of 20,000 points over the standard offer. All that said, I wouldn’t recommend applying for it today. Read on for why.

Update: Now that we have the details on the Citi Prestige 75K offer, I think you just have to weigh the pros and cons of each and choose which card makes sense for you.

The Offer

  • 50,000 Thank You Points after spending $4,000 in the first 3 months

Key Details & Card Benefits

  • $95 annual fee is waived the first year
  • Earn 3X on travel (including gas)
  • Earn 2X on dining & entertainment
  • Points are worth 1.25 cents towards travel, or you can transfer to partners

Quick Thoughts

This is a great offer on this card, and at 3X earnings on gas, it is one of the best cards on the market if you plan to transfer your points to travel partners. While Citi doesn’t have quite as many useful transfer partners as Chase or Amex, there are still some values to be had in the list:

  • Hilton  1:1.5 (on promo right now at 1:2)
  • JetBlue 1: 0.5
  • Asia Miles 1:1
  • Etihad 1:1
  • EVA 1:1
  • Air France / KLM Flying Blue 1:1
  • Garuda Indonesia 1:1
  • Jet Airways 1:1
  • Malaysia Airlines 1:1
  • Qantas 1:1
  • Qatar 1:1
  • Singapore Airlines 1:1
  • Thai Airways 1:1
  • Virgin Atlantic 1:1

For most travelers looking to maximize the value of the points, Singapore Airlines and Air France/KLM Flying Blue are probably the programs to which you would most likely consider transferring. There are niche redemptions in some of the other programs within the list as well.

All that said, I wouldn’t hop on this offer today. According to longstanding rumor, Citi is scheduled to announce new benefits to the Prestige Card on Monday. Along with those benefits, it has been reported that there could be some sort of re-launch of the card. One would hope that will the loss of several key benefits in a week’s time and the introduction of what are rumored to be some pretty weak replacement benefits that there may once again be a sign up bonus offered with the Prestige Card. As you know, Citi’s typical restriction on sign up bonuses states that you must not have have opened or closed a card within that same card family within the past 24 months. This means that if you sign up for this offer today, you would not be eligible to receive a sign up bonus on a Citi Thank You product for 24 months. Personally, I’d wait it out until at least Monday, if not another week or two in order to see if an offer comes out on the Prestige. If they only offer the same 50K, it may come down to which card’s benefits interest you the most — but I would recommend keeping your options open. On the other hand, if you already have a Prestige open and aren’t looking to open it anew, this offer is solid and 3X on gas is a good option to have in your wallet.

Last updated on July 31st, 2017

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

More articles by Nick Reyes »

Regarding comments: Comments posted at the bottom of Frequent Miler pages and posts are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

11
Leave a Reply

avatar
7 Comment threads
4 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
7 Comment authors
Last Chance Deals: Business Class to Europe or South America, gift cards for travel, chance to win $250 credit and more - Frequent MilerSummertime summary: July 2017 in review - Frequent MilerAlexMaxRalph Liberatoscioli Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of
Justin
Guest
Justin

If I open this and cancel my Prestige, will I keep all my Thank You points from the Prestige?

Ralph Liberatoscioli
Guest

Minor correction – for the Premier/Prestige the transfer ratio is 1 : .8 for JetBlue

SB
Guest
SB

Bro what happened to your site?? Taking the year off? :/

Ralph Liberatoscioli
Guest

Think of it more as a sabbatical 🙂

I do intend to return to blogging at some point this year

Max
Guest
Max

I opened a Premier & a Prestige over 24 months ago.

I want to open another Premier, but I am planning to close the Prestige. Obviously, I won’t close the Prestige until I get the Premier.

Question: If I close the Prestige after I get the 2nd Premier but before I meet the Premier spend and the bonus posts, will closing the Prestige negate the bonus?

Alex
Guest
Alex

How long is this offer likely to last? Is it safe to wait a few weeks or might it disappear quickly?

trackback

[…] New 50K offer on the Citi Thank You Premier […]

trackback

[…] New 50K offer, but I don’t recommend applying yet: Now that we know the details of the Prestige card, I think this one could be a consideration for some readers — especially those who are put off by the high spend requirement on the Prestige. […]