Citi Premier Card Review – 60,000 Bonus Points and 3X Rewards

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Overview

Citi Premier® Card is a consumer credit card that offers rich bonus and generous rewards on everyday purchases. It not only hands out a bounty of $600 value, which is among the top sign-up bonus rewards from any credit cards, but also offers cardholders 3 ThankYou rewards points for each dollar spent in grocery, dining, travel, and gas. All of those spending categories are the most common purchases for consumers.

Card Benefits

Sign-up Bonus

If you spend $4,000 or more in purchases on the credit card within your first 3 months of becoming a card member, you will receive a bonus of 60,000 ThankYou Points, which can be redeemed for $600 in cash rewards or gift cards at thankyou.com. Earning the bonus of $600 value is like receiving a 15% discount on your first $4,000 in purchases, which is an easy way to put more cash rewards back in your pocket. Those applicants who recently received a similar welcome bonus in the past 24 months from Citi Premier Card or other Citi ThankYou cards, such as Citi Rewards+ will not be eligible for the 60,000 bonus rewards.

How to Earn Rewards

You will earn 3 ThankYou Points for every dollar you spend at supermarkets, restaurants, gas stations, airlines, hotels, and travel agencies. For every dollar you spend on all other purchases, you will also earn 1 ThankYou Point.

For instance, if you spend $5,000 on gas, $5,000 on dining out, $10,000 on groceries, $10,000 on travel, and $10,000 on everything else in a year, you will receive 100,000 ThankYou rewards points, redeemable for $1,000 in cash rewards. You can use our rewards calculator to find out how many rewards points you may receive.

Spending CategorySpendingRewards Points
Gas$5,00015,000
Groceries$10,00030,000
Air Travel and Hotels$10,00030,000
Dining at Restaurants$5,00015,000
Everything Else$10,00010,000
Total$40,000100,000
Wells Fargo Platinum Balance Transfer Calculation

How to Redeem Rewards

Points can be redeemed for cash rewards or statement credit, gift cards, travel, or merchandise. Redemption for cash rewards starts at 5,000 points for $50. When you use points to redeem for gift cards, each point is worth 1 cent, which means that 100 points equals $1 in redemption value. Redemption for gift cards starts at 2,500 points for a $25 gift card. There are a wide variety of store gift cards that you can choose from at thankyou.com, such as Target, Home Depot, Lowe’s, Macy’s, GAP, Old Navy, Sephora, Legal Sea Foods, Red Lobster, Chili’s, etc. You can easily redeem points for gift cards of your favorite retail stores or restaurants.

$100 Annual Hotel Savings Benefit

Once per calendar year, the primary cardmember can book a hotel stay of $500 or more through thankyou.com or 1-800-THANKYOU and enjoy $100 off the hotel stay. To receive the $100 annual hotel savings, you must pre-pay for your complete stay with your Citi Premier Card, ThankYou Points, or a combination thereof. If you choose to use the benefit, the $100 annual hotel savings will be applied at the time of hotel reservation.

Additional Information

Fees

This credit card has an annual fee of $95. It has no foreign transaction fees on purchases that you make in foreign countries.

Required Credit Rating

The Citi Premier® Card is for people with good or excellent credit scores. If you have a FICO credit score of 700 or above, you may be eligible for the card offer.

Is this the right card for you?

If you are looking for a credit card with great bonus and rewards on everyday purchases, the Citi Premier® Card is one of the best credit cards for that purpose. You can earn a generous bonus of 60,000 points, redeemable for $600, and 3X rewards on purchases on some of your most frequent purchases such as grocery, dining, travel, gas. In addition, this credit card charges no foreign transaction fees. Although the Citi Premier® Card has a moderate annual fee, its value has far outweighed the cost of the annual fee.

Similar Credit Cards with Bonus Rewards

If you are interested in the Citi Premier® Card, you may also consider the following credit cards with similar benefits.

Credit Card Bonus valued at $500 or More

Credit CardBonusAnnual Fee
Bank of America Premium Rewards Credit CardBank of America® Premium Rewards® credit cardReceive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening$95
Chase Sapphire Preferred CardChase Sapphire Preferred® CardOur best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.$95
Capital One Venture Rewards Credit CardCapital One Venture Rewards Credit CardEnjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel$95
U.S. Bank Altitude Connect Visa Signature CardU.S. Bank Altitude® Connect Visa Signature® Card50,000 bonus points when you spend $3,000 in eligible purchases within the first 120 days of account opening. That's a $500 value redeemable towards merchandise, gift cards, cash back, travel and more.$0 introductory annual fee for the first 12 months, after that $95

Credit Card Bonus valued at $250 or $300

Credit CardBonusAnnual Fee
Bank of America Travel Rewards Credit CardBank of America® Travel Rewards credit card25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases$0
Blue Cash Preferred Card from American ExpressBlue Cash Preferred® Card from American Express
  • 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back.
  • Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits.
  • $0 introductory annual fee for the first year, then $95.
    (fees)

    Credit Card Bonus valued at $200

    Credit CardBonusAnnual Fee
    Bank of America Customized Cash Rewards Credit CardBank of America® Customized Cash Rewards credit card$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening$0
    Blue Cash Everyday Card from American ExpressBlue Cash Everyday® Card from American Express
  • 20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back.
  • Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.
  • $0
    (fees)
    Chase Freedom UnlimitedChase Freedom Unlimited®A $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.$0
    U.S. Bank Altitude Go Visa Signature CardU.S. Bank Altitude Go Visa Signature Card20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening That's a $200 value redeemable towards merchandise, gift cards, cash back, travel and more$0
    Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit CardOne-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening$0

    Editorial Note: The editorial content on this page is prepared by CardBenefit staff. Opinions expressed herein are author's alone, not those of the bank, credit card issuer, airlines or hotels, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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