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Citi ThankYou Preferred Credit Card Review

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Who Is the Citi ThankYou Preferred Card Good For?

The Citi ThankYou Preferred card may not have all the perks that the other ThankYou cards offer, but that doesn’t mean you shouldn’t have one. With no annual fee, it essentially gives you free access to the ThankYou Rewards program and many of its benefits.

For some, this entry-level rewards card will serve as a good introduction to the ThankYou program. If you’d like to see if it works for you, there is no downside to applying.

Premier and Prestige ThankYou cardholders may want to add the Preferred card to their arsenal as an additional source of ThankYou points. Even though the sign-up bonus is relatively small, it’s nice to know that Citibank has several products to help you collect points.

The Preferred card may also be an attractive option for those who want to downgrade from a more expensive ThankYou credit card without losing points. However, you can’t transfer points to airline partners unless you also have a Premier or Prestige card.

Sign-Up Bonus:

The Preferred card comes with a 20,000-mile bonus after spending $1,500 in the first three months.

Points Earned:

  • Two ThankYou points per dollar spent on dining and entertainment
  • One ThankYou point per dollar on everything else

What Do Your Points Get You?

Without any airline or hotel transfer partners, your redemption options are limited. You’ll get the best value when you redeem points for travel purchases, as well as mortgage and student loan payments and some gift cards. You can also redeem for statement credit, shopping and gift cards, but the points will be worth less.

Citi ThankYou® Preferred Card

Discover it® Miles Card
This offer is
expired
INTRO APR on Purchases
0% 15 months on Purchases
INTRO apr on Balance Transfer
0% 15 months on Balance Transfers
Regular APR
15.49% - 25.49% (Variable)
Annual Fee
$0
Rewards Program
ThankYou®
Bonuses & Rewards
  • + Earn 2X Points on Dining Out & Entertainment
  • + Earn 1X Points on All Other Purchases
  • Enjoy 0% Intro APR on purchases for 15 months from date of account opening and 0% Intro APR on balance transfers for 15 months from date of first transfer; after that, the variable APR will be 15.49% - 25.49% based upon your creditworthiness
  • Points are redeemable for gift cards to popular retailers, restaurants, and department and home stores. 2,500 ThankYou® Points can be redeemed for a $25 gift card at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No annual fee
  • 3% foreign transaction fee
  • + There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
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Usage Perks:

  • No annual fee
  • Points are transferable to other ThankYou accounts
  • Earn points through banking
  • Redeem points for mortgage and student loan payments

Usage Quirks:

  • Mediocre earning ability
  • No airline or hotel transfer partners
  • Limited redemption options
  • Points transferred to another account expire in three months

How Far Do Your Points Go?

The best redemption rate you’ll get with this card is a penny per point. You can simply divide the number of points you have by 100 to see what they’re worth for the best redemptions. Your options are somewhat limited, but you’ll get a reasonably good value for your points if you redeem them wisely.

Do more with ThankYou Rewards:

  • Gift cards from your favorite retailers
  • Shop with Points from Amazon.com
  • The latest in electronics and merchandise
  • Travel Getaways
  • Purchase Tickets on LiveNation.com
  • Explore a world of rewards at ThankYou.com

Additional Cardholder Benefits:

  • Chip-based technology
  • Worldwide car rental insurance
  • Roadside assistance
  • Travel and emergency assistance
  • Worldwide travel accident insurance
  • Trip cancellation and interruption protection
  • Personal concierge service
  • Zero liability on unauthorized charges
  • Price rewind
  • Damage and theft purchase protection
  • Extended warranty
  • Compatible with Apple Pay
  • Identity theft solutions
  • Access to Citi PrivatePass

Editorial Disclosure: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

UGC Disclosure: The responses below 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.

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