Citi Premier® Card Review
Citi Premier® Card
CardRatings Editor's Analysis: Pros & Cons
- Enjoy 60,000 bonus ThankYou® points, worth $600 in gift cards when redeemed through thankyou.com, after spending $4,000 in the first three months of account opening.
- Earn 3 points per dollar spent at supermarkets and restaurants and on hotels, air travel and at gas stations.
- You can redeem points at any time on any airline, without blackout dates, when you book through the ThankYou® Travel Center.
- While you can transfer your points to some airline loyalty programs, the list of options is short on domestic carries so cardholders that tend to fly within the United States might not be able to maximize the transferable points flexibility.
Citi Premier® Card Essentials
The Citi Premier® Card (Citi is a CardRatings.com advertiser) offers high rewards for everyday purchases like gas, restaurants, air travel and supermarkets.
The Citi Premier® Card's best features:
- Spend $4,000 in the first three months and receive 60,000 bonus points, worth $600 in gift cards when redeemed through thankyou.com
- Three points for every $1 spent at restaurants and supermarkets and on travel, such as gas stations, hotels and air travel.
- One point on other purchases.
- Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months
- Earn unlimited 2X miles on every purchase, every day
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
- Redeem on travel-from vacation rentals to car rentals and more. Plus transfer your miles to over 10+ travel loyalty programs
- No foreign transaction fees
What Our Editors Like Most About Citi Premier® Card
Thanks to changes Citi® made, you now can earn more points on restaurants and supermarkets. For most cards, travel rewards typically include airfare and hotels, but the Citi Premier® Card also gives you rewards for gas – which can add up quickly, especially if you’re a chauffeur for the little ones, a commuter or a road warrior.
No foreign transaction fees. The card also has several travel protection benefits, including chip technology for enhanced security, which is a bonus when traveling abroad.
One great card benefit is Citi’s 24/7 personal concierge service. Too busy to book your own travel? Use the service and a representative will book your flight and hotel. A rep can even make your restaurant reservations and help you find the perfect gift.
And if you’re an avid concert goer or sports enthusiast, use Citi® Private Pass® to purchase pre-sale tickets and VIP packages to concerts, sporting and various entertainment events.
Potential Downsides of Citi Premier® Card
While you can transfer points to different loyalty programs from airlines and hotels, you’ll be hard-pressed to find a domestic carrier on the list. Unless you’re headed to Qatar (maybe to check out World Cup 2022) or Singapore on your next vacation, you’ll likely be underwhelmed by the rewards transfer program. Citi’s ThankYou® Rewards Program only includes the following airlines:
- Asia Miles
- Avianca LifeMiles
- Eva Air
- Etihad Guest
- Flying Blue
- Garuda Indonesia
- Malaysia Airlines Enrich
- Qantas Frequent Flyer
- Qatar Airways Privilege Club
- Singapore Airlines KrisFlyer
- Thai Airways Royal Orchid Plus
- TrueBlue (JetBlue, the only domestic airline on the list)
- Turkish Airlines Miles & Smiles
- Virgin Atlantic Flying Club
The annual fee is in line with competitors, but you need to spend around $800 per month to offset the fee. If you’re a light credit card user, considering a card without an annual fee may mean more rewards for you.
Another drawback of the Citi Premier® Card is that there’s some red tape on redeemable offers, so you’ll need to be strategic about redeeming points. Gift cards and flight redemptions will get you the most value. Statement credits, shopping purchases and cash back offer less.
How Citi Premier® Card Compares to Other Travel Rewards Credit Cards
Citi Premier® Card vs. Chase Sapphire Preferred® Card (This card is not currently available on CardRatings)
The Chase Sapphire Preferred® Card also requires $4,000 in spending for the first three months to earn 60,000 Ultimate Rewards® points, which are worth $750 in travel. It's a similar bonus offer, though Chase offers you 25% more value on any travel redemption through the Ultimate Rewards® portal.
In terms of ongoing rewards, the Chase Sapphire Preferred® Card offers two times the points on travel and dining, while you’ll get three times the points on air travel, gas stations and hotels with the Citi Premier® Card and three times the points on restaurants and supermarkets.
However, if you prefer to use your rewards points on domestic travel, Chase Sapphire Preferred® is the better option, because Citi Premier® Card's points transfer program includes fewer airlines and most are international.
The information related to this card has been collected by CardRatings and has not been reviewed or provided by the issuer of the card.
Citi Premier® Card vs. American Express® Gold Card
New American Express® Gold Cardholders can earn 60,000 Membership Rewards® Points after spending $4,000 on eligible purchases within the first six months of card membership. (American Express is a CardRatings advertiser; See Rates and Fees.)
There are a few differences from the Citi Premier® Card to the American Express® Gold Card. The Citi Premier® Card offers three times the points on air travel, gas stations and hotels, and the American Express® Gold Card offers:
- 3X Membership Rewards® Points on flights booked directly with airlines or on amextravel.com.
- 4X Membership Rewards® Points at restaurants worldwide. 4X Membership Rewards® Points for shopping at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
Who Should Get The Citi Premier® Card
If Citi® could mold the perfect consumer for its Citi Premier® Card, it would probably be a suburbanite who commutes an hour to work every day, has date nights at a place sans coloring placemats and is game for a family RV adventure.
If you tend to use your credit card for everyday expenses like gas, restaurants and supermarkets, offsetting that annual fee shouldn't be a problem.
For rates and fees of American Express cards mentioned in this post, please see the following link: American Express® Gold Card (See Rates and Fees).