Get Details on the Citi ThankYou Premier Bonus Offer

It’s been about six months since I’ve applied for a credit card, and I’m going through withdrawal.  This Citi offer coupled with a few other cards will likely get me off the bench and back into the game.

In order to get this bonus, be prepared to do some fancy footwork to get the minimum spend.  However, if you’re game for a little work (or a lot of spending), the 50,000 ThankYou points offer ought to be a reasonable incentive.

Citi ThankYou Premier Offer

  • Earn up to 50,000 bonus ThankYou® Points. Bonus points are redeemable for up to $500 in gift cards, up to $625 for airfare or other great rewards.
  • Earn 20,000 points after $2,000 in purchases within the first 3 months of account opening.
  • Earn an additional 30,000 points after another $3,000 in purchases within the first 3 months of your second year of being a cardmember.
  • Earn 3 ThankYou Points for every $1 spent on purchases for dining at restaurants and entertainment.
  • Earn 2 ThankYou Points for every $1 spent on purchases for airfare and hotels.
  • Earn 1 ThankYou Point per $1 spent on other purchases.
  • Points do not expire and earn unlimited Thank You Points.
  • Travel with ease and enjoy chip based technology.

This card does have a $125 annual fee which is waived for the first year.

Application Link: Citi ThankYou Premier.

Remember, with this card you get a 1 penny per point value when used for items like gift cards, but 1.25 cents per point when used for travel.

Also, 3 ThankYou rewards points spent on dining, restaurants, and entertainment is hard to beat.

Spending $5,000?!  Isn’t that impossible?

As per the terms you need to spend $2,000 in the first two months and then in the second year of card membership spend $3,000 in the first three months.

In the miles and points world, everything needs to be measured using the BlueBird dating system. (See more about Bluebird.)  There’s BBB (Before Bluebird) and ABB (After Bluebird).

Almost everyone ought to be able to use the following formula for spending $5,000.

  1. Each month, transfer $1,000 using Amazon Payments free service.
  2. Visit your local grocery store and buy a Visa or MasterCard debit card.  It will cost you $5.95 per $500 card.
  3. Visit your local Walmart store and upload your Visa debit card funds to your Bluebird account.  There is no charge to do this.
  4. Use your Bluebird account for bills you typically couldn’t pay with a credit card.

The end result (after a year) will be 50,000 bonus Citi ThankYou points along with 5,000 ThankYou points for your spending.  That 55,000 points, if redeemed for travel, is worth $687.50 worth of travel.

General Comments about ThankYou Rewards

When it’s time to use your points, you’ll need to sign into ThankYou rewards and use their booking portal.  In the analysis that I’ve done, their prices on plane tickets and car rentals tend to be comparable to what you’d find on sites like Travelocity and Orbitz.  However, it seems to me that their hotel prices are a little on the steep side.  As such, I’d try and maximize the value by using the points for flights.

Most Citi branded credit cards will allow you to get the bonus 18 – 24 months after signing up for the credit card as long as the card is currently cancelled.  As such, if you’ve applied for the card in the past and it’s been at least 18 months, you ought to be able to get the bonus again. Your miles may vary.

Application Link: Citi ThankYou Premier.

 

Comments

  1. RMF says

    A couple bloggers remarked about a month ago the Walmart is no longer accepting the Visa debit cards for Bluebird load. A friend of mine got rejected at his local Walmart when he tried it a few weeks ago. With Vanilla Reloads drying up/gone from a lot of areas and Walmart’s new debit card rules, Bluebird is becoming a lot harder to use.

    • says

      Your results will vary. I uploaded funds to my Bluebird card using a prepaid card three days ago. Also, if your local Walmart has an electronic Kiosk then it wouldn’t be an issue. Also, there is about 4 CVS stores within 15 minutes of my house and they all stock Vanilla Reload cards. Only one doesn’t allow credit cards. I know my results are probably abnormal, but people should be encouraged to try and see what their local stores will allow.

  2. Ryan says

    Is there a typo somewhere? It says that you spend $2K in the first 3 months of opening the account and then $3K in the first 3 months of YEAR 2. So you can’t spend the $5K in 3 months or you won’t qualify for the addition 30,000 point in year 2. Again, is there a typo some where? Or should it be spend another $3k in the first 15 months of holding the card? Thanks.

    • says

      Ryan,
      Good catch. I pass right over that so I’ve updated the post. Yes, it’s spending $2,000 in the first 3 months to trigger the first bonus and spending $3,000 in the first three months of the second year to trigger the extra bonus. As such, you’ll need to expect to pay the $125 annual fee in the second year to get the full bonus. It makes the offer less appealing, but still a solid offer. Thanks for catching the error.

  3. CB says

    Citi used to be notorious for categorizing visa gift cards as cash advances and charging interest so I am afraid to use their cards for this sirt of spend. Have you done this yet? Have you received your bill? Did Citi code any of this spend as a cash advance?

    • says

      I’ve used my Citi card for Amazon payments and never had it come up as a cash advance. I use my Citi credit card to buy Vanilla Reloads and have never had it come up as a cash advance. Anyone else have any experience with this?

  4. says

    This is a cool offer. A few months ago i signed up for the Citibank checking promotion for 20,000 TY points and the Thank You Preferred for another 20,000. Another 20,000 (50,000 if I’m patient) sounds great to me!

    I’ve used Citi cards to buy Vanilla reloads a number of times and haven’t ran into any problems. I guess the best way is to just try it and see if it works for you.

    For what it’s worth, I did cancel my previous Premier card about 8 months ago. I called Citi customer service today and they said I would still be eligible for the bonus points on the new card.

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