Citi Premier℠ Card review | finder.com

Citi Premier℠ Card review

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Citi Premier℠ Card

Earn more points on travel, gas, dining and entertainment purchases.

30-second take

  • Get this card if you’re often on the road or flying.
  • Pick something else if you want an intro APR period.
  • Apply with an excellent credit score of 740 or higher.
Product NameCiti Premier℠ Card
Card TypeMastercard
Annual Fee$0 intro annual fee for the first year ($95 thereafter)
Purchase APR16.74% to 25.74% variable
Intro Purchase APR

N/A

Balance Transfer APR16.74% to 25.74% variable
Intro Balance Transfer APR

N/A

Balance Transfer Fee$5 or 3% of the transaction, whichever is greater
Cash Advance Rate27.49% variable
Foreign Transaction FeeNone
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 23 days
Late Payment FeeUp to $39
Returned Payment FeeUp to $39
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome OfferEarn 50,000 bonus points after making $4,000 in purchases with your card within the first 3 months of account opening
Rewards3x points on travel and gas, 2x points on dining and entertainment and 1x points on everything else
Base Rewards1x points
Rewards Points ExpiryNever

The basics

The Citi Premier℠ Card lets you earn accelerated points on travel purchases like airfare, hotels, car rental and also on railways, public transportation, tolls, taxis, parking, ferries and more.

You can also take advantage of a 25% increase in point value when you redeem your points on airfare, making it a solid travel card whether you go by plane or car.

The perks

  • ThankYou points.
    Earn 3x points on travel and gas purchases, 2x points on dining out and entertainment and 1x points on everything else you buy. Travel purchases cover airfare, hotels, car rental, travel agencies, railways, public transportation, tolls, taxis, parking and more.
  • Signup bonus.
    Spend $4,000 on purchases within 3 months of account opening and earn 50,000 bonus ThankYou points. According to the Citi site as of January 2019, that’s worth between $500 and $625.

Is the annual fee worth it?

The card comes with a $95 annual fee, which is waived for the first year. To make the card worth it, you can clear the signup bonus. Doing so comes with a value of $500 to $625, which is enough to outweigh the annual fee for the next five years.

Alternatively, you can spend $2,117 annually on purchases in the 3x points category.

You’ll also like …

  • Higher point value on airfare.
    Your points are worth 25% more when you redeem for flights through the ThankYou Travel Center.
  • No foreign transaction fees.
    Whenever you travel abroad, use your card without fear of incurring fees on foreign transactions.
  • Additional cards.
    Add authorized users without additional annual fee costs and earn points on their purchases.
  • Choose your own due date.
    Choose any available due date in the beginning, middle or end of the month. This gives you maximum flexibility to pay your balance and avoid paying interest.

Compare Citi Premier℠ Card vs Chase Sapphire Preferred® Card

What to watch out for

  • Annual fee.
    Expect to pay $95 annually, starting from your second year of card membership.
  • Penalty APR.
    Pay your balance on time, otherwise you could end up with a penalty APR of up to 29.99% variable. Once incurred, the penalty APR may last indefinitely.
  • No intro APR period.
    Some travel credit cards offer an intro APR period on balance transfers and purchases. This card isn’t one of them. Compare 0% intro APR credit cards if you’re looking to save on interest.

Compare rewards credit cards

Updated April 20th, 2019
Name Product Welcome Offer Rewards Annual Fee
60,000 points after spending $4,000 in the first 3 months
2x points on travel and dining. 1x points on all other purchases
$95
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months.
3% cash back on all purchases in your first year up to $20,000 spent, then unlimited 1.5% cash back on all purchases
3% cash back on all purchases in your first year up to $20,000 spent, then unlimited 1.5% cash back on all purchases
$0
Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
$150 cash back after spending $500 in the first 3 months
5% back in rotating categories up to $1,500 combined each activated quarter, then 1% after that and on all other purchases
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.
50,000 points after spending $4,000 in the first 3 months
3x points on dining and travel after earning your $300 travel credit. 1x points on all other purchases
$450
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
$150 statement credit after spending $1,000 in the first 3 months
3% at US supermarkets on up to $6,000 per year, then 1%. 2% at US gas stations and select US department stores and 1% on all other purchases
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees

Compare up to 4 providers

What should I know before I apply?

You can apply for this card if you’re at least 18 years old.

You’ll also need to provide your:

  • Full name, contact information and address
  • Social Security number and date of birth
  • Annual income and monthly mortgage or rent payment

What credit score do I need?

Your chances of approval increase if you have an excellent credit score of 740 or higher.

What do customers say about the Citi Premier℠ Card?

Some customers complain about declined charges. Especially after they upgraded from the Preferred card. Others claim they had to wait a month before they received their card, which made it hard for them to spend enough money to clear the signup bonus.

But overall, most customer complaints revolve around poor customer service and their inability to solve customer’s issues. The Better Business Bureau rates Citibank with an F because the bank rarely responds to customer complaints on the BBB website.

How to apply for the Citi Premier℠ Card

  1. Go to the Citi website and click Apply now.
  2. Enter the required information.
  3. Review your application and submit.

How long will it take to get my Citi Premier℠ Card?

In most cases, Citi will make an immediate decision on your application. If additional information is needed, it could take longer.

Once approved, your card should arrive within 10 days.

I got the card. Now what?

  • Download the Citi Mobile app. Use the app to activate your card, make payments, transfer balances and more.
  • Avoid paying interest. Make sure you pay your balance before it’s due. Otherwise, you’ll pay interest, late payment fees and you may incur a penalty APR.
  • Customer support. For any questions you may have, call 800-347-4934 and a customer support representative will help you.

How do I redeem points from the Citi Premier℠ Card?

You can redeem your points either online through the Citi ThankYou site or by calling 800-842-6596. Your redemption options include:

  • Travel
  • Merchandise
  • Gift cards
  • Livenation.com tickets
  • Cash as a check in $50 and $100 denominations

Bottom line

If you’re looking for a general travel credit card with accelerated points on a broad range of categories, the Citi Premier℠ Card could be a strong choice.

But if you think there could be a better card for you, check out other travel credit cards and compare your options.

Frequently asked questions

Images: Citi

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