CITI PREMIER CARD REVIEW! (Citi Premier Benefits)
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- เผยแพร่เมื่อ 27 ต.ค. 2020
- The Citi Premier Card is one of the best travel credit cards for beginners (later within your first year or so) if you want to travel the world for free! Click "Show More" to see Ad Disclosure.
It can also be a great card to keep long term based on your travel habits. Let’s do a full Citi Premier Card review and see if it’s a good credit card to apply for.
💳👉VIEW CREDIT CARD OFFERS!
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🛍 RAKUTEN - Earn Cash Back!
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‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100:
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SIGNUP BONUS
Earn 60,000 Citi ThankYou Points after spending $4,000 in the first 3 months of card membership.
VALUE OF SIGNUP BONUS
The 60K ThankYou points have different values based on how you redeem them.
- Redeem for Travel via Citi Transfer Partners = $1,020 (avg.)
- Redeem for Travel via Citi’s travel portal = $600
- Redeem for Cash Back = $300
EARN CITI THANKYOU POINTS
3X Flights
3X Hotels
3X Restaurants
3X Supermarkets
3X Gas Stations
1X Everything Else
ANNUAL FEE
$95
VALUE OF CITI THANKYOU POINTS
1.7¢ each toward travel using Citi Transfer Partners (average value)
1.0¢ each toward travel using Citi Travel Portal
0.5¢ each for Cash Back*
*UPDATE 4.19.2021: You can now redeem Citi ThankYou points for cash back at a rate of 1.0¢ per point! :D
CITI TRANSFER PARTNERS (Most transfer 1:1)
Aeromexico Club Premier
Air France-KLM Flying Blue
Avianca LifeMiles
Cathay Pacific Asia Miles
Emirates Skywards
Etihad Guest
EVA Air Infinity MileageLands
Jet Airways JetPrivilege / InterMiles
JetBlue TrueBlue
Malaysia Airlines Enrich
Qantas Frequent Flyer
Qatar Airways Privilege Club
Singapore Airlines KrisFlyer
Thai Airways Royal Orchid Plus
Turkish Airlines Miles&Smiles
Virgin Atlantic Flying Club
CITI PREMIER BENEFITS
- $100 Annual Hotel Savings Benefit: Enjoy $100 off a single hotel stay of $500 or more, excluding taxes and fees, when booked through thankyou.com or 1-800-THANKYOU. This benefit will be available to you once per calendar year.
- No Foreign Transaction Fees
- Min. points transfer to partners = 1,000 points
- Min. cash redemption = $50 (10,000 points)
- Shop With Points: Use points during checkout at Amazon.com & BestBuy.com (0.8¢ per point value)
TRAVEL PROTECTIONS
NOTE: Citi removed travel protections on 9/22/2019
SHOPPING PROTECTIONS
- Purchase Protection: If an item is damaged or stolen within 90 days of the purchase or delivery date, you could receive up to $10,000 per incident. There is a maximum limit of $50,000 per calendar year.
- Extended Warranty Protection: Extends manufacturer’s warranty on eligible items for 24 months. Valid on items with a manufacturer’s warranty of 5 years or less. Coverage is limited to $10,000 per item.
GOOD TO KNOW
- Signup Bonus not available if you received a new cardmember bonus for any of the following cards in the past 24 months: Citi Rewards Plus (Citi Rewards+), Citi ThankYou Preferred, Citi ThankYou Premier / Citi Premier or Citi Prestige.
- Signup Bonus not available if you have closed any of the aforementioned card accounts in the past 24 months.
- You can apply for 1 Citi personal credit card every 8 days, up to 2 Citi personal credit cards every 65 days.
- No limit to amount of points you can earn
- Points do not expire
SHOULD YOU GET IT?
YES if you…
- Prioritize travel over cash back
- Spend $500+ on hotels per year
- Have other Citi cards that earn ThankYou points
- Value the airline transfer partners
- Want 1 travel card to earn points quickly on everyday spend categories
NO if you…
- Prioritize cash back over travel
- Value travel protections
- Don’t fly with the airline transfer partners
OTHER TRAVEL CARDS TO CONSIDER
Other competitive credit cards to the Citi Premier Card include the Chase Sapphire Preferred, Capital One Venture, Wells Fargo Propel and the Bank of America Premium Rewards card. They all have similar rewards structures and annual fees (although the Wells Fargo Propel has no annual fee). All of them will help you travel the world for cheap once you learn how to redeem credit card points in the best ways for travel!
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #citi #citipremier - แนวปฏิบัติและการใช้ชีวิต
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💥 *UPDATE 5.14.2023:* Accor Live Limitless (ALL) is now a Citi transfer partner (2:1 ratio).
💥 *UPDATE 10.18.2021:* Choice Privileges is now a hotel transfer parter! You can transfer at a 1:2 ratio, meaning 1,000 Citi ThankYou points becomes 2,000 Choice Privileges points.
💥 *UPDATE 4.19.2021:* You can now redeem Citi ThankYou points at 1.0¢ per point for cash back! PLUS you can redeem whatever quantify you want ... e.g. 1,729 points = $17.29 cash back.
This is great, just signed up for the card! Thanks for the review, Mark!
@@aidanduffy3000 - You got it man! CONGRATS on the approval; it's one of the best all-in-one cards out there right now 💯
How?!? Not seeing it on thank you site!
@@kw02191 - Do you see the redemption option with a lower rate? Or do you not see the redemption option at all?
@@MarkReese I’m not seeing an option to convert Thank You points to cash at all 🤔
This dude looks like credit chifu’s cooler brother LOL.
Haha credit card bros 😎💳
With an American accent. BTW, it’s Shifu, LoL!
@@esqui517 😂👊
researching the suggested cards. Thank you.
💯👍
Thank You Mark I've been watching for a few weeks and with your guidance I have Applied for the chase business banking, increased credit limits, and made huge improvements on my credit. Again thank you.. What you teach works... Sincerely, David
NICE! 💥👊😎
Great video, sir!
Glad you liked it!
I used to have this card. Because of the large number of 3X categories, it’s nice if you don’t have lots of of cards. It’s very “all purpose “ in that sense. But if you have quite a few cards that cover those same 3X categories, and if you value trip protection, it may not be for you. My other cards cover most of those categories. So, when they slashed travel protection, I couldn’t find a reason to keep it. Another clear, well done video, Mark. Thanks.
Smart move to give the card the axe if it no longer served you! 😃👌
👍🏻👍🏻 Thankz!!
😎👊
Yay another one !!
It's a good day!
Never opened any citi cards! I personally lean more towards amex or chase... But awesome review 👍👍
Don't blame ya for that! I also prefer the programs by Chase & Amex more for my travel habits ✈️
@@MarkReese Citi DC is hard to beat for a no annual fee catch all card.
@@facelessman5362 - Agreed on that one man! Love that Citi DC 😎👊
Thank you for the great review Mr. Reese I was wondering whether to get this card over the Amex Blue Cash Preferred Card
Hey Oscar! Do you prefer cash back or travel rewards?
@@MarkReese travel rewards, I already have the Citi double cash credit card
@@OS-qd5wo - Great! Then go for the Citi Premier Card. It'll work extremely well with your Citi Double Cash Card, and the current 60K welcome offer is very strong 👍
@@MarkReese yes sir👍 I appreciate your wisdom and getting back to me thank you
@@OS-qd5wo - You got it! When do you intend to apply?
Man, the multipliers on this card nice, one of the few travel cards that has gas as a category. looks like a solid option
Yep! The Citi Premier + Hilton Honors Surpass are great travel cards for heavy grocery spenders. I'd like to see more travel cards reward people on everyday categories 💯
Nice card I was going to get it and product change to the Costco card
Smart move since the Costco Anywhere Visa card usually doesn't have a signup bonus 👍 Just so you're aware, the Costco card only lets you redeem cash back 1x per year starting in February (i.e. you can't cash out whenever you want). Also, it's issued in the form of a certificate redeemable at Costco. If you want actual cash back to use anywhere, then you've gotta go into a warehouse and redeem it manually for cash. If you're ok with those things, then the Costco Visa is a VERY good cash back card.
@@MarkReese yea i know i just spent about 350 a month at costco not including i only buy gas there so it would be worth! but now i got the BoA rewards card and i get 5.25% on gas and 3.5% at warehouses and groceries stores 💪
@@Elvis1x - That BoA card is legit! Those cash-back rates are due to the Preferred Rewards program banking relationship, correct?
@@MarkReese yes it’s 75% bonus is you have 100k with them 50% if you have 50k, 25% if you have 20k with them
@@MarkReese I think it’s if you have that amount for 3 months and if your account is eligible
Very thorough review. Man i love those earing categories, but im a cashback guy, and that CB redemption rate sucks!!!!!
I already have the Citi DC, so i may just skip the premier and try to get the prestige later when i travel more, b/c i believe you can redeem pts at 1:1 for CB on the prestige. Oh its a metal card :)
You got that right! Metal + Ability to redeem for cash at 1¢ per point 🙌 If the Citi Prestige gets an elevated bonus, I'll likely jump on it 😎 Are you currently using an Amex Schwab setup?
@@MarkReese - nope running my own custom no AF, CB setup:
Discover Chrome - 4x (2x + match) Gas & dinning
Target Redcard - 5x merch & groceries
Amazon Card - 5x online shopping
Citi Double Cash - 2x catch all
PayPal MC - 2x whatever wife wants
Freedom Flex - 5x rotations
Discover More - 5x rotations
@@docsays - You win the _Best No-Fee Cash Back Setup Award_ 🏆 Love it - great selections 💯
@@MarkReese - thank you sir. next week im putting some new applications.
@@docsays - Exciting! Which cards? 😃
Personally I love Citi Premier. The multipliers are useful, you aren't tied to the travel portal, and the travel partners are better than a lot of people give them credit for. They lack travel protections, but you can easily get around that if you transfer points with Citi but book the flight with another card.
It was strange that they mentioned gift cards in the ad because you're always better off taking the cash at 1 cpp. I hope they aren't thinking about needing the cash option. It's one of the things I like about the card that stands out compared to other cards.
Agreed, I think it's a great card for earning rewards quickly in a lot of really useful categories! ✈️
Very useful advice Thank you so much !!!
You should do a Citi Premier vs Chase Sapphire Preferred comparison.
Great suggestion; I’ll add it to the list!
Very informative..don’t have citi premier card👍
Glad you found it helpful 🙌
From your experience, what value of points should we target if we plan to flight strictly economy with citi's transfer partners ?
For non premium, domestic flights, I'd say 1.2¢ - 2.0¢ per point would be a good redemption if transfer partners are used 😃✈️ Remember you can get 1.0¢ for flights _without_ transfer partners.
Do you have a comparison of the Citi premier against the Capital one Preferred?
What do you mean by the Capital One Preferred?
Hey, is the Citi Premier card you used in this video not the new one u recently got approved for? I'm a little confused, how or why did u get approved for the Citi Premier card if u already had it?
Correct. That was an old one I had from years prior (and not active).
Hey Mark for the chase 5/24 if you have 4 cards in 24months and you are applying for your 5th card will it automatically get denied because of 5/24 or is it over 5 (so the 6th card)? Thanks for the help!
Hey Lil Mao! If you're at 4/24, then you are *still eligible.* Chase will start auto denying applications starting on Card #6 👍
@@MarkReese awesome I’m a 3/24 but I want my next two cards to be the freedom unlimited and sapphire preferred
@@LilMao - Great! Then you can make it happen 😎👊💳
Are the reward categories for only U.S spending or worldwide? I couldn’t find wording saying it’s only for the U.S
Should be worldwide, though I can't guarantee it 100%. Consider calling Citi directly to confirm.
Gas points !!
You got that right! 🏎💨
Mark, I have thank you preferred card I never use. The card has a high spending limit so I just leave it open. Could I upgrade it to Citi Premier? Would I be eligible fo bonus still? Any other suggestions?
Hi Pavan - you should be able to do a product change if you’ve had the card for 1+ years 😃👍 If you go to the Premier, you will not be eligible for the the welcome bonus. Do you want to get the bonus?
@@MarkReese I have had the card for several years. My main reason for getting the premier would be the signup bonus. And the $100 credit would make it basically a no fee card.
@@pavanpancholy9727 - Got it. If you do an upgrade, then you would _not_ receive the bonus. Consider this: (a) Apply for the Citi Premier via new application to get the 80K offer, then (b) product change your Citi Preferred to the Citi Rewards+. That way you’d get 10% points back when you do a redemption 👊
Would you a comparison against the Amex green card
I'll add it to my list!
If I may ask how would this compare the the Capital One Venture card. I hope the comparison is not to apples to oranges.
Some similarities & some differences - too many fine-print details to go into in a comment, so I'll add it to my list of video comparisons 😁✌️ More importantly, what are your biggest expenses each month? And what kind of travel do you do?
@@MarkReese Hey thanks for the quick response, I didn't expect a video response to my question but I would appreciate the time and effort if you would make one.
@@everettsager4654 - Sure thing! Determining the best fit between those 2 will require some math on paper 😁👊
Amex BBP is a no AF card that makes most mid tier credit cards obsolete. And Citi Premier isn't an exception.
You will need to spend $5500+ per year in those 3x categories to offset the annual fee. (95/0.017 = 5588.235)
Sure, you can get a $100 discount if you spend $500 on a single hotel stay, but Citi's portal isn't exactly the cheapest plus you still need to spend $400 to offset the annual fee.
Considering the opportunity cost, it's a no for me.
Citi Premier isn't a bad card though.
Awesome analysis backed by math - you rock! 💯 Agreed with the Amex BBP. I got that card a couple years ago and absolutely love it 😎💥 You have it too?
Is the gas restaurant supermarket 3x worldwide ?
Yes 😃💯
Not sure I like Citi since they don't seem to have as many transfer partners. I hate how some banks punish you for using your points for a cash refund, by making the points worth less.
100% agreed on the “points for cash” situation 😆 I think cash back redemptions should always be at least a full 1¢ per point on all cards that earn points.
Dude…. Thank you lol
You bet!
I have a Citi Thank You Preferred card that was opened in 2004. I use it now only for cable bill where they give me 2%. But *if* I get the US Cash+ card, I will move that to their card and will have no use for the Citi TYP card.
Any suggestions on where I should upgrade/change to? I do want 1) to preserve the opening date from 2004 and 2) to not have an additional hard inquiry on my report.
Do you already have a 2% card? If not, then the Citi Double Cash could be a great product change.
@@MarkReese - I have the WF Active Cash that gives 2% on everything (plus cellphone insurance as a perk).
@@sudhisira - What do you spend on each month?
@@MarkReese - I am now an authorized user for a dependent Citi custom cash card. I am kinda like the training wheels for the cardholder. Once I am sure that they can take care of themselves, I can get off being the authorized user for that card, and then convert the TYP to Citi Custom Cash card?
My main card would still be the BofA Rewards card where I get 3.5% on groceries and 5.25% on one category of choice (usually online shopping), plus Discover for the rotating 5% category, and with WF Active Cash as the catch-all 2% card.
@@MarkReese - mainly groceries. Not much on gas (due to telecommuting). Plus of course, cable/internet, cellphone and utilities. Some amount on casual restaurants and/or fast food. A good bit of online shopping. And very little on travel.
This card desperately needs a revamp, especially with COVID and the cancellation of all the travel protection options. Also, after doing research, it seems like the point value is worth less (always something to research with a points reward card) than the competition like the AMEX Gold or Chase Sapphire. So yes, the card design is nice, but I don't see the value right now. Citi needs to re-vamp this card.
Hey SJC! I'd like to know what you mean ... please explain further 😃 During a time when travel is down, having travel protections wouldn't be valuable. And the fact that the card earns 3X on a several everyday, non-travel categories is quite compelling. What would you like to see in this card if you were to design it? 💳
Waaah I don’t really use any of those airlines😕
Better to look at other travel cards then 😁✈️
Probably one of the best cards for expats.
Right on man! 😎👊
What credit cards (from major issuers) do you not have?
Zero cards from Bank of America 😁
@@MarkReese Wow that's a little surprising, I guess they aren't exactly the most exciting
That's pathetic as a cash bonus for $4k spending. About what I expect from Citi. I can find cards with no fee and a $200 bonus on $500 spending.
Haha yep! If you’re on Team Cash Back, run away 😆
It was a great value travel credit card before they got rid of all the insurance perks and other travel benefits. Rental car insurance, trip delay/cancellation insurance, and lost luggage insurance. Add on 3x on flights, hotels, AirBnB, rental cars, cruises, and car gas made it great at a $95 annual fee.
No more insurance of any kind, and no 3x on rental cars & cruises. The new 3x on groceries is nice, but not worth keeping when Amex Gold is in consideration.
Well said 💥 Amex Gold is a great choice to earn travel points for at-home food spend 🍔✈️ Do you have the Amex Gold yourself?
@@MarkReese Yes! I had the Citi Premier too before they gutted the insurance out of it. Afterwards, I downgraded to the Citi Double cash.
@@akin242002 - Awesome 🥇 Good choice of downgrade too. Citi DC is fantastic on its own ✌️
Looks like this has increased the bonus to 80k in points. Only thing I am confused on is can you get the bonus again if you cancel the card and apply for a different one in 24 months?
"Bonus ThankYou® Points are not available if you received a new cardmember bonus for Citi Rewards+®, Citi ThankYou® Preferred, Citi ThankYou® Premier/Citi Premier® or Citi Prestige®, or if you have closed any of these accounts, in the past 24 months." Thats from their website and it doesnt specify 24 months
Yep the new 80K offer is phenomenal 💯
No, if you cancel your existing Citi Premier Card, then the 24-month clock starts over. My recommendation is to do a product change, then apply. However, I'd ask the representative if the product change would count as 'closing' the account. If not, then you should be good to go. If yes, then you may not want to proceed.
THANK YOU!