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If you are looking for a travel reward card that offers great value for the first year and beyond, Citi Premier® Card it’s a great way to go.
In addition to its bonus tiers, which earn you 3 points per dollar on various everyday expenses such as grocery shopping as well as some travel expenses, the Premier Card is currently offering an impressive signup bonus: 60,000 ThankYou points for being that you spent $4,000 in the first three months of owning the card.
Here we will look at how much this card bonus is worth and how much you will earn in the first year if you combine it with the rewards received for using the card.
Citi Premier Card Signup Bonus at a Glance
Along with a bonus of 60,000 points, the Citi Premier Card allows cardholders to earn rewards on a wide range of purchases, from flights and hotels to gas, restaurants and supermarkets.
However, these benefits come at a price: cardholders will be charged an annual fee of $95. However, the annual cost of the card should more than offset its annual fee.
| City Premier Card | |
| Interest rate |
|
| Bonus for registration | 60,000 points if you spend $4,000 within the first 3 months |
| Annual fee | $95 |
| Card privileges |
|
| Estimated annual income in the first year ($15,900 per year) | $670 |
Latest changes to the Citi Premier Card
As you can see from the table below, the card has a history of switching between a signup bonus of 30,000 points and 60,000 points. Even offered a map. No bonus for signing up in the past.
At the moment, the card offers one of the highest signup bonuses in its history.
Latest changes to the Citi Premier Card
| Date of change | Bonus for registration |
|---|---|
| January 10, 2023 | 60,000 ThankYou points if you spend $4,000 in the first 3 months |
| July 8, 2021 | 80,000 ThankYou points if you spend $4,000 in the first 3 months |
| June 13, 2019 | 60,000 ThankYou points if you spend $4,000 in the first 3 months |
| October 23, 2018 | 50,000 ThankYou points if you spend $4,000 in the first 3 months |
| August 1, 2018 | 60,000 ThankYou points if you spend $4,000 in the first 3 months |
| February 28, 2018 | 50,000 ThankYou points if you spend $4,000 in the first 3 months |
| January 25, 2018 | 30,000 ThankYou points if you spend $3,000 in the first 3 months |
| September 27, 2017 | No sign up bonus |
Keep in mind that higher signup bonuses often come with higher spending requirements. To receive the 60,000 points bonus, cardholders must spend $4,000 in the first three months, compared to $3,000 for a 30,000 points bonus.
Who is eligible for the signup bonus?
The Citi Premier signup bonus is only available to new cardholders who have not yet had Citi Rewards+® Card, Citi ThankYou® Preferred Card*, Citi ThankYou Premier/Citi Premier Card or Citi Prestige® Card* opened or closed within the last 24 months.
Of course, you must meet certain credit requirements in order to be approved for a Premier card. To determine your creditworthiness, Citi will consider several factors including, but not limited to, your annual salary and any debt you may have.
How to spend 60,000 ThankYou points
Generally, the best way to use your Citi ThankYou points is to redeem them for travel, and if you want to get the most out of your points, redeeming them for gift cards or flights through the Citi ThankYou portal is your best bet.
Citi offers you many other ways to use ThankYou Points, including merchandise and cashback, but many of them are of low value, less than 1 cent per point.
Citi Premier card redemption options
| Repayment option | Point value | The value of the 60,000 sign-up bonus |
|---|---|---|
| Citi ThankYou travel rewards (flights, hotels, car rentals, cruises, vacations, events) | 1 cent | 600 dollars |
| Gift cards | 1 cent | 600 dollars |
| Product | 0.8 cents | $480 |
| Channel Partners (1-800Flowers, Amazon, Best Buy, CVS, PayPal, Walmart, etc.) | 0.8 cents | $480 |
| Pay with points | 0.75 cents | $450 |
| Cashback (loan statement or check) | 0.5 cents | 300 dollars |
| Student loan or mortgage payment | 1 cent | 600 dollars |
| Charitable donation | 1 cent | 600 dollars |
Citi also has several partner hotels and airlines to which you can transfer points on a 1:1 basis, except for a few. You can increase your points with points transfer as you can find the value in the redemption table of each partner hotel and airline. Unfortunately, the options are a bit limited and consist mainly of smaller foreign airlines and hotel chains:
Citi Premier Card transfer options
| Airline or hotel | Transfer ratio | Points value (including transfer rate)** | The value of the 60,000 sign-up bonus |
|---|---|---|---|
| Aeromexico Club Premier | 1:1 | 0.6 cents | $360 |
| Avianka LifeMiles | 1:1 | 0.8 cents | $480 |
| Cathay Pacific Asia Miles | 1:1 | 3 cents | 1800 USD |
| Choice Privileges | 1:2 | 0.6 cents | $360 |
| Emirates Skyward | 1:1 | 1.8 cents | $1080 |
| Etihad Guest | 1:1 | 1.8 cents | $1080 |
| Eva Air | 1:1 | 1 cent | 600 dollars |
| Flying Blue (Air France, KLM) | 1:1 | 1.3 cents | $780 |
| JetBlue TrueBlue | 1:1 | 1.4 cents | $840 |
| Qantas Frequent Flyer | 1:1 | 0.4 cents | $240 |
| Qatar Privileged Club | 1:1 | 1.8 cents | $1080 |
| Singapore Airlines ChrisFlyer | 1:1 | 2.2 cents | $1320 |
| Thai Royal Orchid Plus | 1:1 | 0.6 cents | $360 |
| Miles and smiles Turkish Airlines | 1:1 | 0.6 cents | $360 |
| Virgin Atlantic Flying Club | 1:3 (Limited offer until March 18, 2023) | 2.6 cents | $1560 |
| Wyndham Awards | 1:1 | 0.9 cents | $540 |
** Points and miles are valued according to the Bankrate and The Points Guy scoring systems.
Should I apply for a Citi Premier Card right now?
While the card bonus isn’t the highest ever, the Citi Premier Card will still be of great value to you, especially since Citi Points cost an average of 1.9 cents at competitive prices. A decent welcome bonus makes this a great time to apply for the card, especially if you want to earn a lot of ThankYou points. For a reasonable annual fee, you can access the growing Citi ThankYou Rewards program, earn points in daily categories, and earn $100 in hotel savings per year when you spend $500 or more on prepaid hotel stays.
*Citi Prestige Card and Citi ThankYou Preferred Card information was collected independently by CreditCards.com. The issuer did not provide details and is not responsible for their accuracy.
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