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The value of your ThankYou points varies by redemption:
You can also use your points to pay your bills, transfer or donate to charity.
Earn 2x points for dining and entertainment purchases — including coffee shops, restaurants, music downloads, movie theaters and concerts — and 1x points on all other purchases. Redeem points for gift cards, merchandise, travel rewards, concert tickets or shopping through Amazon.com.
It’s easy to transfer high-APR balances to your new card — and save on unnecessary interest. Get a 0% intro APR on purchases and balance transfers for 15 months following your account opening. After that, a variable APR of 15.49% to 25.49% applies.
You won’t pay a fee annually to use the Citi® ThankYou® Preferred Card.
Transfer a minimum 1,000 ThankYou points to TrueBlue® points for rewards with JetBlue — without a fee.
Get increased security and global acceptance with EMV chip technology, which makes the card hard to counterfeit.
Buy presale tickets and VIP packages for thousands of concerts and sports events annually, or enjoy dining experiences and other benefits with Citi Entertainmentâ„ access.
This is the rare card that doesn’t offer a signup bonus to new cardmembers. If you’re looking for a signup offer, consider the Citi Premier® Card.
If you use your card abroad, expect to pay a transaction fee equal to 3% of every transaction. While it may not sound like much, the extra cost can add up quickly over a trip of several days.
For a single late or returned payment, you’ll pay up to $35 in fees. And Citi can impose up to a 29.99% fixed penalty APR, which your account could be stuck with indefinitely.
You must complete all balance transfers within four months of card membership to take advantage of the intro APR period. For every balance transfer you make, you’ll pay $5 or 3% of the transaction, whichever is greater.
Note that your transfer, including any fees, can’t be higher than your credit limit, and you can’t make a balance transfer from another account with Citi or its affiliates.
On receipt of your card, call the number on the back to request your balance transfers. To take advantage of the 0% intro APR period for 15 months following card membership, you must complete your transfers within four months from the date you opened your account. After that, a variable APR of 15.49% to 25.49% applies.
If Citi gives you the option to transfer balances with your application, you’ll wait 14 days for the transfers to complete. You can’t transfer balances from accounts at Citi or its affiliates. If you change your mind, call support as soon as you can to cancel the process.
Your total transfer, including fees, should not exceed your credit limit. Each balance transfer you make will cost $5 or 3% of the transaction, whichever is greater. That’s a $30 fee for a $1,000 balance transfer.
To apply for the Citi® ThankYou® Preferred Card, you need to be at least 18 years old and a resident of the US.
Expect to provide your:
Apply with a good credit score of 670 or higher to increase your chances of approval with a low APR and high credit limit. Citi will likely also consider other factors tied to your credit score, such as your credit utilization.
Many reviewers complain about poor customer service with the bank in general. As for the Citi® ThankYou® Preferred Card, customers complain often about problems with points redemption, and one person claimed Citi closed their account after 12 years of card membership without a single late payment. Your mileage with this bank may vary.
Expect approval to take up to 10 business days, if further review is needed. On approval, your card should arrive by mail within 10 business days.
If you spend a lot on dining and entertainment for dining, movies, concerts, music downloads and more, the no-annual-fee Citi® ThankYou® Preferred Card is worth a look. You’ll earn flexible ThankYou points redeemable toward gift cards, merchandise and travel — and with no annual fee.
For more robust earnings for ThankYou points, the Citi Premier® Card could be a stronger alternative.
Before you dive into an application for this card, compare the benefits of other rewards credit cards for the best fit with your spending.
Compare Citibank credit cards.
Images: Citi
Review by
Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
The Citi® ThankYou® Preferred Card may not look like much on first glance. It offers double the points on dining and entertainment purchases for no annual fee, but it lacks a signup bonus you’ll find with other cards. (Citi is a finder.com advertising partner.)
However, pair it with the AT&T Access Card from Citi — which earns you 1x points on purchases made through eligible travel and retail websites and directly with AT&T — and you get a decent points-earning combo.