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Citi ThankYou® Preferred Card Review – Earn up to 20,000 Bonus Points

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Citi recently updated the Citi ThankYou® Preferred Card. The Citi ThankYou® Preferred Card – earn up to 20,000 Bonus Points 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 20,000 bonus ThankYou® Points, enough Points to earn up to $200 in gift cards. This review covers some of the other benefits of this rewards credit card.

Citi ThankYou® Preferred CardThe Citi ThankYou® Preferred Card is a great all around rewards card which offers 2 ThankYou® Points on purchases for dining and entertainment, and 1 ThankYou® Points for every $1 you spend on all purchases. It also features a low interest rate, and no limit to the points you can earn or expiration on those points. To top it off, there are no annual fees! Let’s take a deeper look at some of the other benefits.

Up to $200 Gift Card Bonus! New cardholders can earn  20,000 bonus ThankYou Points after making $1,500 in card purchases within 3 months of account opening. That is enough points to redeem for $200 in gift cards or other 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 $1,500 minimum spending requirement in the first three months of card ownership. That comes out to $500 a month.

Citi ThankYou Points program: Citi ThankYou Points are earned at a rate of 2 ThankYou Points per dollar spent on dining at restaurants and entertainment and 1 ThankYou Point for every $1 you spend on all other purchases. You can also earn ThankYou Points for everyday purchases, 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. There is no limit to the number of ThankYou Points you can earn, and your ThankYou Points never expire. Your ThankYou Points can be redeemed for cash, gift cards, discounts, travel vouchers, and other rewards.

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* Please note there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.* 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. This card features chip technology to help you use your card more easily overseas. 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 stores and restaurants in those locations no longer accept credit cards that only have a magnetic strip.

Here is a recap of the Citi ThankYou® Preferred Card – Bonus Point Offer:

  • Earn 20,000 bonus ThankYou® Points after $1,500 in card purchases within 3 months of account opening – redeemable for $200 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*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.*
  • 2 ThankYou Points per dollar spent on dining at restaurants and entertainment
  • 1 ThankYou Point on other purchases
  • Points do not expire and earn unlimited Thank You Points
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • 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 – earn up to 20,000 Bonus Points. 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.


Published or updated August 29, 2014.
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{ 2 comments… read them below or add one }

1 Doable Finance

It’s good but it entices you to spend more to get its benefits. Also getting another if you already have a couple of credit cards will lower your credit score by at least 75 points.

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2 Wrong

Doable Finance, that is absolutely false. Just getting another credit card will NOT lower your credit score by 75 points. The truth of the matter is, you probably WILL loose a few points (approx 2-5) for the credit “inquiry” you will take when you apply for a new CC. You also may loose a few more points (approx 5-10) if you have a “long & old” credit history, because a new CC will lower your avg “age” on your credit reports. However, assuming you don’t miss any payments, as the card “ages”, you will actually GAIN your points back, and then some. The only way to see a large drop in your score from a new CC is if you immediately MAX out the CC, which can significantly lower your score.

Hope that helps.

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