Who should get the Citi Premier Card?
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The Citi Premier® Card is a solid travel rewards credit card, especially if you’re also looking to earn points on non-travel purchases. This card allows you to earn 3X points on air travel and hotel purchases as well as in restaurants, supermarkets and gas stations. Additionally, all purchases that do not fall under these categories earn 1X points.
If you’re looking for flexible travel credit card options, the Citi Premier Card is a valuable choice. Read on to learn more about the benefits of the Citi Premier card, including its significant sign-up bonus, and decide if it’s the right card for you.
What does the Citi Premier card offer?
- Awards: 3X points on purchases from restaurants, supermarkets, gas stations, hotels and air travel; 1X points on all other purchases
- welcome bonus: 60,000 bonus points when you spend $4,000 on purchases within the first 3 months of account opening
- Annual subscription: $95
- Variable APR: 15.99% to 23.99%
The Citi Premier card offers a notable sign-up bonus of 60,000 points for spending at least $4,000 in the first three months of card ownership; that’s just under $1,334 in expenses per month.
As is usually the case with credit card reward reviews, your points are worth about 1 cent each, making the bonus worth about $600 for gift cards when redeemed through thankyou.com. However, you can increase the value of your rewards by transferring your points to a Citi partner airline or hotel. According to monthly ratings from The Points Guy, Citi ThankYou points can be worth up to 1.7 cents when transferred, increasing your bonus value up to $1,020 for travel.
As mentioned above, the Citi Premier card earns 3X points on air travel, hotels, gas stations, restaurants and supermarkets. Anything not in these categories will still earn 1X points. Additionally, your rewards are considered Citi ThankYou points, allowing you to combine earned points with other Citi credit cards.
Your ThankYou points can be redeemed for cash back and statement credits, payment credits, gift cards, purchases through Amazon and PayPal, and charitable contributions.
You can also transfer points to another account or combine points, which can be useful if you have multiple Citi credit cards. For example, if you have a Citi credit card that earns “basic” ThankYou points, such as the Citi Rewards+® card, you can bundle those rewards into your Citi Premier account. This will give you the ability to transfer points to Citi airline and hotel partners for increased value.
Citi Premier Card Benefits
One of the most notable benefits of the Citi Premier card is its annual $100 hotel discount. If you book through thankyou.com or 1-800-THANKYOU, you can receive an annual $100 discount on a hotel stay of $500 or more (excluding taxes and fees). By taking advantage of this benefit, you are already offsetting the card’s $95 annual fee.
The Citi Premier card also offers purchase protection, extended warranty, World Elite Mastercard benefits (like travel accident insurance and Free ShopRunner membership), and access to Citi Concierge and Citi Entertainment.
Finally, the Citi Premier doesn’t charge foreign transaction fees, which means you won’t be charged any additional fees when you swipe your card outside of the US.
Who should get the Citi Premier Card?
The Citi Premier is a good travel card option for frequent travelers and hotel guests aspiring to daily rewards (thanks to its 3X rate on air travel, hotels, gas stations, restaurants and supermarkets). And since ThankYou points can be more valuable when used for travel with transfer partners, those who want to maximize their rewards are best suited.
Plus, this card is a solid option for those who already have a basic Citi credit card and are looking to both bundle points and increase the value of their rewards through partner travel.
How does the Citi Premier card compare to similar cards?
Even if you’re fixated on the Citi Premier, it doesn’t hurt to look into other rewards credit cards. While the Citi Premier is a great all-around travel option, it lacks some common benefits offered by other travel cards on the market.
The Chase Sapphire Preferred® card, for example, is a good alternative to consider because it offers a similar welcome bonus and rewards for the same $95 annual fee, but there are different travel-related benefits worth noting.
You can benefit from trip cancellation and interruption insurance, baggage delay insurance, reimbursement in the event of trip delay, 24/7 travel and emergency assistance services, car rental collision damage waiver, up to $50 each year in statement credits for hotel stays purchased through Chase Ultimate Rewards. , a 25% increase in point value on travel booked through Ultimate Rewards and more. And if you’re most interested in traveling with a transfer partner, Chase Ultimate Rewards points can be worth up to 2 cents each, according to The Points Guy.
The bottom line
Overall, the Citi Premier card is a respectable travel card thanks to its rewards categories, welcome bonus, $100 annual hotel savings, no foreign transaction fees, and its reasonable annual fees.
If you’re looking for a versatile travel rewards card that also earns points on non-travel or everyday purchases, you should definitely consider applying for the Citi Premier.