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Earlier this year I reviewed the Citi ThankYou Card. Last week Citi launched a new credit card for people with excellent credit. The new Citi ThankYou Premier Card is a premium credit card that offers some serious rewards.
- Earn up to 50,000 bonus ThankYou Points. Cardholders can earn 20,000 ThankYou Points after spending $2,000 in the first three months, and they can earn an additional 30,000 ThankYou Points by spending another $3,000 on purchases within the first three months of the second year of being a cardmember. In this case, 50,000 ThankYou Points are the equivalent of $625 in airfare, merchandise or other rewards.
- Earn ThankYou Points for a variety of purchases. Cardholders earn three ThankYou Points for each dollar spent on dining and entertainment, two ThankYou Points for each dollar spent on airfare and hotels, and one ThankYou Point for each dollar spent on anything else. ThankYou Points never expire, and there is no cap on the number of points you can earn.
- Annual fee waived in the first year. The card requires an annual fee of $125, but it’s waived for the first 12 months.
- Annual fee. Even though the annual fee is waived in the first year, $125 is a bit on the high side when it comes to credit card annual fees.
- No introductory 0 percent APR offers. The card does not offer a 0 percent introductory APR on purchases or balance transfers.
Get it if: You have excellent credit and want a versatile rewards program that gives you the ability to earn a large number of points very quickly.
Forget it if: You have poor credit, or you want a card that doesn’t charge an annual fee that’s quite so high.
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