Citi Premier Card Review 2024: Points, Benefits & Fees

So how do you start earning these rewards, and what can you do once you’ve got them?

Let’s break it down for you—

1. Sign up: To get started, you’ll need to apply for the Citi Premier Card online. Make sure you meet the eligibility requirements and have all your documents ready.

2. Spend on eligible purchases: Once you have your card, you can use it to make eligible purchases. You can get rewarded for spending on travel, dining, groceries, and gas.

3. Earn points: The Citi Premier Card offers bonus points on certain categories. For example, you can earn 3x points on travel purchases, which include airfare and hotels. You can also earn 3x points at supermarkets and gas stations.

4. Redeem your points: You can redeem your points (worth one cent each) for cash back, gift cards, bill payments, or travel booked through Citi. You can also transfer your points to one of Citi’s Premier travel partners, such as JetBlue.

5. Pay your balance: Don’t forget to pay your balance in full and on time every month to avoid interest charges and late fees. This will also help you keep up a good credit score.

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One of the best features of the Citi Premier Card is the rewards program.

The card uses ThankYou points to reward cardholders, worth around one cent each.

You can earn up to 3x points on a variety of categories, including groceries, gas, and other purchases.

If you’re a foodie who loves to travel, the 3x points on restaurants, hotel purchases, and air travel will make your taste buds sing, and your rewards balance soar.

Take a look at our top cash back credit cards for more rewards.

Another great feature is the Citi Premier Card hotel credit.

Once a year, you can enjoy$100 off a single hotel stay of $500 or more(excluding taxes and fees) when booked through thankyou.com via the Citi Travel site.

This bonus can be an instant upgrade to your travel game that can help you save money and make your trips even more enjoyable.

It’s also a great way to offset the card’s annual fee and get even more value from your rewards.

For all the jet-setters, you probably know how quickly foreign charges can add up.

Luckily, the Citi Premier Card has no foreign transaction fees. So you’re free to globe-trot without the burden of extra charges.

The Citi Premier Card also offers a generous welcome bonus.

New cardholders can earn 60,000 bonus points after they spend $4,000 within the first three months of account opening.

You can then redeem these points for $600 in gift cards or travel rewards at thankyou.com.

The Citi Premier Card offers a variety of travel redemption options.

Your points are worth one cent each, and you can redeem your points for travel booked through Citi, cash back, or gift card purchases.

You can also transfer your Citi Premier Card points to partner airlines at a 1:1 ratio.

These airline partners include JetBlue, Virgin Atlantic, and Singapore Airlines. So if you’re a travel junkie who loves rewards, this card could be your new co-pilot.

A potential drawback of the Citi Premier Card is the annual fee of$95.

While reward cards are no stranger to annual fees, it might be a turnoff for some cardholders (especially for those who use the card less often).

The Citi Premier Card requires good to excellent credit to be approved.

This means your Citi Premier Card approval odds will be much higher with a FICO score of 670 or higher.

So, if your credit score is less than perfect, it might not be love at first swipe for you. And even if you do manage to snag this card with a lower score, they could hit you with a higher APR.

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Unlike other rewards credit cards, the Citi Premier Card doesn’t come with an introductory APR offer.

This means that you’ll be charged the regular variable APR if you decide to carry a balance, which ranges from 20.99%–28.99%.

That’s pretty steep compared to the average credit card APR of 20.92%.

Let’s not forget that Citi Premier Card’s cash advance APR of 29.99%(variable).

If you’re thinking about a cash advance, you might want to reconsider.

Stick to regular purchases whenever possible to avoid the cash advance trap at all costs. (Your wallet will thank you later.)

Thankyou points are the name of the rewards you earn through Citibank or one of their eligible Citi cards.

You can access your points on the ThankYou website or through your Citi Bank account and redeem them for travel, gift cards, charity, and more.

Here’s how they work:

1. Earn points: To start earning Citi ThankYou points, you’ll need to use a Citi credit card that offers the ThankYou rewards program. Several cards qualify, including the Citi Premier Card and the Citi Rewards+ Card.

2. Redeem points: Once you’ve earned enough points, you can redeem them for rewards. This includes cash back, gift cards, travel rewards, and online merchandise (including from Amazon and Best Buy). You can redeem your points online or by phone through the ThankYou rewards centre.

3. Transfer points: Another option is to transfer your Citi ThankYou points to a partner loyalty program. This includes airline loyalty programs, such as JetBlue, and hotel loyalty programs, like Hilton Honors and Marriott Bonvoy.

4. Combine points: If you have multiple Citi credit cards in the ThankYou rewards program, you can combine your points into one account. This makes it easier to earn and redeem points, helping you to reach your rewards goals more quickly.

In most cases, each point is worth one cent, which is on par with other reward cards.

If you opt for the Citi Premier Credit Card, make sure you make the most of those rewards (especially the loyalty programs where you can redeem points at a 1:1 ratio).

The Citi Premier Card offers a variety of rewards that can help you save money and score some major perks.

Let’s break down some of the top Citi Premier rewards you can snag with this card:

There are plenty of ways to rack up those rewards, with no capon how many points you can collect.

Balance transfers, cash advances, and a slew of other non-purchase transactions won’t earn you any rewards. (We’re talking wire transfers, lottery tickets, and gaming chips.)

But if you’re looking for a card that rewards your everyday spending habits, the Citi Premier Card is the real deal.

With no foreign transaction fees and the option to transfer points to airline loyalty programs, you can score some major travel benefits.

The Citi Premier Card minimum credit limit is typically around $2,000, but can reach up to $20,000.

That being said, your credit limit isn’t set in stone and can vary depending on your credit score, credit history, and income.

So if you’re already paving the way with a higher income or rock-solid credit history, you could start with a higher credit limit.

And no worries if you get hit with an initial low limit—you might be eligible for an increase over time if you show good credit behaviour.

But let’s not get too ahead of ourselves. Just because you have a higher credit limit doesn’t mean you should go on a shopping spree and max out your card. Always spend within your means and pay off your balance in full and on time every month.

While there’s no specific credit score requirement for the Citi Premier Card, it’s generally recommended to have a FICO score of at least 670.

Other factors that can play a role in your approval include credit history, income, and debt-to-income ratio.

So, if you’re thinking of applying, remember that Citi will also consider any other credit cards or loans you have open.

Feeling unsure about your credit score? Check out some free online tools like Credit Karma to get a better idea of where you stand.

Read more:

• What Are the Credit Score Ranges?

• How To Increase Your Credit Score Quickly

Here are a few ways to contact Citi Premier Credit Card customer service:

1. Phone: The Citi Premier Credit Card customer service number is1-800-950-5114. This is a toll-free number that connects you with a representative who can help you with any questions or issues.

2. Online chat: Another option for contacting Citi customer service is through online chat. You can access this feature by logging into your Citi account online and clicking on “Contact Us” at the top of the page. This will open a chat window where you can chat away in real-time.

3. Social media: Citi has a pretty strong social media presence on Twitter and Facebook. While you probably won’t get in-depth help through social media, it’s a good way to get a quick response to basic questions.

Nobody wants to be chatting on the phone for too long, so make sure you come prepared. Have all your account information and any relevant details on hand. We’re talking about your trusty account number, recent transactions, and any error messages you may have received.

Yes, there is a signup bonus for the Citi Premier Card.

You can earn60,000 bonus points after spending $4,000 within the first three months of account opening.

You can then redeem these points for $600 in gift cards or travel rewards at thankyou.com.

But to bag the signup bonus, you must hit the spending requirement within the first three months of opening your account.

So if you’re eyeing the Citi Premier Card, strategize your spending to rack up the rewards during that crucial window.

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