Citi Premier® Card Review

Citi Premier® Card

Bonus Offer
60,000 Points details
Annual Fee
$95
Intro APR
N/A
Regular APR
20.24% - 28.24% Variable
Rewards Rate
1x-5x Cashback
Recommended Credit Score
690 850

The Citi Premier® Card can serve as a travel card and everyday cashback card, letting you redeem rewards with a host of travel transfer partners, gift cards, and shopping points. With competitive bonus categories and exclusive entertainment perks, it could be a nice versatile addition to your wallet.

Pros

  • Over a dozen transfer airline partners
  • Welcome offer
  • Citi® Entertainment membership

Cons

  • Annual fee
  • Low travel point value outside of partners

Citi® is offering 60,000 Points when you open a new Citi Premier® Card Details below!

How To Earn The Bonus:

  1. Apply for a new Citi Premier® Card using the link below.
  2. Within 3 months, spend $4,000 using your new card.
  3. Bonus will be credited in the form of 60,000 points, which can be redeemed for $600 in gift cards.

With 0% foreign transaction fees and the ability to earn 3x points on hotels and air travel, the Citi Premier® Card has some amazing features that make it a great card for travelers.

If you are considering the Citi Premier® Card, this review will explore everything you need to know to take full advantage of the Citi Premier® Card’s rewards and benefits.

Citi Premier® Card Overview

Citi’s Premier® Card is ideal for travelers who are expecting to eat out, move from hotel to hotel, or do a lot of driving. You can earn 3x points on every dollar you spend on air travel, at gas stations, restaurants, hotels, and supermarkets! On all other purchases, 1x points on the dollar are earned.

Rewards are accrued in the form of ThankYou points, which you can then spend at participating online partners or on purchases including flights, hotels, and cruises. You can even have your ThankYou points transferred into cash, straight to your bank account.

All applicants are required to have a minimum ‘good’ credit score, and a surprising bonus of this card is that the annual fee is somewhat low, at only $95.

Plus, holders are also not charged foreign transaction fees if using the card abroad!

Citi Premier® Card Benefits & Perks

The Citi Premier® Card’s main benefits and perks include:

3x Points Redemption

You’ll earn 3x ThankYou points on every $1 spent at certain businesses. For example, 3x points can be earned when spending money at:

  • Airlines
  • Travel agencies
  • Hotels
  • Restaurants
  • Gas stations
  • Supermarkets
  • Bars
  • Lounges

For all other purchases, you’ll earn 1x ThankYou points for every dollar spent!

Diverse Methods of Redemption

Redeem your ThankYou points in a variety of ways for a number of different rewards, such as:

  • Cashback: Each point amounts to 1 cent, which can be directly deposited to you or given as statement credit.
  • Travel benefits: You’ll earn 3x points through Citi while booking travel and spending at supermarkets, gas stations, hotels, or restaurants. That equates to 3 cents on every dollar spent. Get back $100 on your first hotel stay costing $500 or more, in addition to points earned during the stay.
  • Gift cards: Points can be exchanged for gift cards for home stores, department stores, and even restaurants.
  • Transferral: Rewards points earned on the Premier card can be moved between Citi’s partners- mostly international airline companies. Similar to other methods of redemption, a transferred point equates to 1 cent in some cases. There is no transferral fee, and all transfers must be $1000 minimum.

Annual Hotel Subsidy

Receive $100 credit when you spend $500 on a single hotel stay purchased through thankyou.com.

No Foreign Transaction Fees

Along with the 3x points offers listed above, this feature is the most beneficial for the frequent traveler- and clearly marks the Citi Premier® as a traveler’s card!

Who is the Citi Premier® Card Best For?

The Citi Premier® is best for someone who travels often but isn’t necessarily going to spend wildly all the time. While points can be earned on hotels and air travel, they’re equally available on things like supermarket spending and gas stations.

Holders of the Citi Premier® will benefit most if they are traveling through a mix of cross-country and international destinations. A mid-tier traveling businessman would get a lot out of this card, as would a middle-class holidaymaker.

Additionally, anyone who will spend frequently within the Citi Premier’s restaurant, gas station, hotel, airline, and supermarket bonus categories will get a lot out of this card- especially if they do so overseas.

Pros and Cons

The Citi Premier® Card, like any other, has its own set of drawbacks. But first, let’s recap what makes it great:

Pros

  • Signup Bonus: For all new cardholders, this offer certainly provides an attractive incentive to any prospective cardholders that may be still on the fence
  • Multiple Ways of Point Redemption: Cardholders are not forced into spending their rewards at any one place. Instead, points can be exchanged for cashback, travel benefits, or gift cards.
  • Low Annual Fee: For only $95 per annum, you’ll be able to take advantage of all the above benefits and perks. Many cards offering similar levels of reward charge much more per year.

Cons

  • Travel Redemptions are Nothing Spectacular: The Citi Premier® Card doesn’t really offer much more value in terms of benefits than many other cards on the market- and for that reason, it doesn’t really stand out in any unique way.
  • Lack of Domestic or Renowned International Transfer Partners: Citi Premier® cardholders are able to transfer their rewards points easily to any of Citi’s partners, however, these partners aren’t particularly well-known. Cardholders who want to utilize brand-specific benefits with prestigious airline or hotel companies may have to look elsewhere.
  • No Protection for Travelers: Citi Premier® offers no mobile insurance, lost baggage protection, flight cancellation options and accident insurance.

Citi Premier® Card Current Bonuses & Promotions

The Citi Premier® card tends to offer a great signup bonus for new cardholders.

Here are some of the promotions and bonus offers going on right now:

1. Citi Premier® Card - 60,000 bonus points

The Citi Premier® Card offers new cardholders a welcome bonus of 60,000 bonus ThankYou Points, which you can get after making purchases worth $4,000 in the first three months.

You can exchange these bonus points for $600 worth of gift cards from a large variety of retailers.

How to earn the bonus

The Citi Premier® Card sign up offer requires you to make purchases using the account's card in order to earn the 60,000 bonus points. Full requirements to receive this bonus are:

  1. Apply for a new Citi Premier® Card using the link below.
  2. Within 3 months, spend $4,000 using your new card.
  3. Bonus will be credited in the form of 60,000 points, which can be redeemed for $600 in gift cards.

read the full terms

Rates and Fees

  • Annual Fee: $95
  • Balance Transfer Fee: Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum.
  • Balance Transfer Intro APR: N/A
  • Balance Transfer Regular APR: 20.24% - 28.24% Variable
  • Intro Purchase APR: N/A
  • Regular Purchase APR: 20.24% - 28.24% Variable
  • Foreign Transaction Fee: 0%

Best Alternatives to the Citi Premier® Card

Out of all the types of credit cards on the market, the Citi Premier® is a good option- but maybe not the best for your situation!

The true jet-setter- or someone else accustomed to traveling in luxury and accruing points on a much wider range of purchases- are probably not the intended cardholders of the Citi Premier®.

In comparison with other travel cards, Citi offers a limited definition of travel expenses. Other cards of similar price range such as the Chase Sapphire Preferred® offer rewards on car rentals, public transport, cruises, or rideshares.

If you’re not sold on this card, look into some of the alternatives below and see if they’ll more fully meet your needs.

Chase

Chase Sapphire Preferred® Card

Bonus
60,000 Points
Account Type
Personal Card
Annual Fee
$95

Amex

The Platinum Card® from American Express

Bonus
80,000 Points
Account Type
Personal Card
Annual Fee
$695

Capital One

Capital One Venture X Rewards Credit Card

Bonus
75,000 Miles
Account Type
Personal Card
Annual Fee
$395

Frequently Asked Questions

Is it a good idea to get a Citi Premier® Card?

Getting a Citi Premier® Card is worth it if you know you’ll be able to take full advantage of its somewhat limited benefits.

If you often travel by air, stay in hotels, dine out, do a decent amount of driving and supermarket shopping, and are likely to spend $4000 in the first 3 months, then it could be a good option.

Is it Hard to Get Approved for the Citi Premier® Card?

Approval for Citi Premier® depends on the credit score of the applicant. Generally, those with a score lower than the 670 threshold won’t be successful in their application.

670 indicates a score of good-to-excellent. Anyone looking to build their credit should look for a card geared toward that purpose before applying for the Citi Premier®.

What is the Minimum Credit Limit on a Citi Premier® Card?

Initially, the minimum credit limit on a Citi Premier® Card is $2000.

Cardholders will gain access to higher credit limits if they demonstrate they’re highly creditworthy, they have a high, regular income, or a range of other factors relating to your financial history and stability.

Does the Citi Premier® Card Help Build Credit?

In a broad sense, yes. By using the Citi Premier® Card and paying off the bill each month, your credit score will increase over time.

However, this card isn’t the right choice for someone with a credit score below the ‘good-to-excellent’ range and wanting to improve it.

Anyone who has average credit or worse won’t be approved for this card, so it’s not the best option for aspiring credit-builders.

Is the Citi Premier® Card Worth It?

If you’re going to travel often, purchase with credit at gas stations, supermarkets, restaurants and hotels, and spend at least $4000 in the initial 3 months of ownership, then the Citi Premier® Card might just be your best choice.

The Citi Premier® is worth it if your spending, work, and travel habits match the fixed bonus categories offered by this card.

Do you travel a lot, mostly for work? Are you dining out and living in hotels when you can, but also accustomed to long cross-country drives and knowing when to shop at the supermarket instead?

If so, this card could be worth it for you.

Additionally, the low annual fee and complete lack of foreign transaction fees make this card an attractive choice for anyone who is considering shopping.

So, is the Citi Premier® Card the best card for you? Consider these facts and features before making your decision – there’s definitely a card out there that’s perfect for your needs!