Citi recently updated the Citi ThankYou® Preferred Card, which is one of their more popular rewards credit cards, and a solid option if you need a credit card for everyday spending. In addition to the rewards program, new card holders can earn enough ThankYou® points to earn up to $150 in gift cards. This review covers some of the other benefits of this rewards credit card.
The Citi ThankYou® Preferred Card is a great all around rewards card which offers 1 ThankYou® Points for every $1 you spend on all purchases, a low interest rate, and no limit to the points you can earn or expiration on those points.
$150 Gift Card Bonus! Earn 15,000 bonus ThankYou Points after $1000 in card purchases within 3 months of account opening – enough for $150 in gift cards or other great rewards! Most credit card issuers now require new cardholders to meet a minimum spending requirement before they will issue a bonus. This helps prevent people from signing up for a card for the cash bonus, then never using it again. Citi does require a minimum spend in order to receive the gift card bonus, but it is much lower than many credit card issuers – coming in at a very reasonable $1,000 minimum spending requirement in the first three months of card ownership. That comes out to less than $350 a month.
Citi ThankYou Points program: Citi ThankYou Points are earned at a rate of 1 ThankYou Point for every $1 you spend on all purchases, and can be redeemed for cash, gift cards, discounts, travel vouchers, and other rewards. You can earn ThankYou Points for everyday purchases, as an anniversary bonus, by linking qualified Citi accounts such as the Citi Checking account, and more. You can also earn bonus ThankYou points for shopping at one of over 600 partner stores and when you make purchases through Citi’s online shopping portal, ThankYou.com.
0% Intro APR Offer: The Citi ThankYou® Preferred Card now features a 0% intro APR on Balance Transfers and Purchases for 12 months. After that, the variable APR will be 12.99%-22.99% based upon your creditworthiness* This is an excellent feature if you wish to transfer a balance to pay it off more quickly, or if you want the flexibility of making a large purchase and extending your payments out for several months without having to worry about the interest.
Chip Technology. If you are planning a trip overseas, then you will most likely need a credit card with the smart chip technology commonly found throughout Europe, Asia, and other locations. In fact, many places no longer accept credit cards that only have a magnetic strip. This card features chip technology to help you use your card more easily overseas.
Here is a recap of the Citi ThankYou® Preferred Card:
- Earn 15,000 bonus ThankYou Points after $1000 in card purchases within 3 months of account opening – enough for $150 in gift cards or other great rewards!
- 0% intro APR on Balance Transfers and Purchases for 12 months. After that, the variable APR will be 12.99%-22.99% based upon your creditworthiness*
- Earn 1 ThankYou Point for every $1 you spend on all purchases
- No expiration and no limit on the points you can earn
- Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
- Earn extra points when you shop through the ThankYou® Bonus Center, a network of 600+ retailers you know and love
- Travel with ease and enjoy global acceptance with Chip Technology
- No annual fee*
Who is this card good for? If you are looking for a solid credit card that offers great rewards program, cash bonus, and no hassles, then you can’t go wrong by choosing the Citi ThankYou® Preferred Card. The rewards program is on par with similar rewards credit cards, and the ThankYou Points program is a great way to redeem rewards, particularly if you are already a Citibank customer since you can combine your ThankYou Points and redeem your rewards more quickly. Visit the Citi ThankYou® Preferred Card to learn more or open an account.