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Citi Premier℠ Card review

Last updated:  

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

finder.com’s rating: 4.3 / 5

★★★★★

  • Get this card for strong everyday rewards.
  • Pick something else if you want an intro APR period.
  • Apply with an excellent credit score of 740 or higher.
The information about Citi Premier℠ Card has been collected independently by Finder and and has not been reviewed or provided by the issuer.

60,000

Points as welcome offer

Up to 3x

Points

$0

Annual fee

for the first year ($95 thereafter)

15.99% to 23.99%

Purchase APR (variable)

Details

Product NameCiti Premier℠ Card
Card typeMastercard
Annual fee$0 intro annual fee for the first year ($95 thereafter)
Purchase APR15.99% to 23.99% variable
Balance transfer APR15.99% to 23.99% variable
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate25.24% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Penalty APR29.99% variable
Foreign transaction feeNone
Interest free periodUp to 23 days
Late payment feeUp to $40
Returned payment feeUp to $40
Additional cardholder fee$0

Expert review

Megan Horner

Review by


Megan Horner is the credit cards publisher at Finder. She's passionate about helping you find the best credit cards to meet your financial needs — whether that's earning great rewards or improving your credit score. Megan's expertise has been spotlighted on Lifehacker, CreditCards.com, American Banker and featured on news broadcasts across the country.

Expert review

The Citi Premier℠ Card — offered by Citi, a finder.com advertising partner — lets you earn accelerated points on everyday purchases at gas stations, restaurants, and grocery stores. You’ll also earn points on flights and hotels.

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 at restaurants, supermarkets, gas stations, flights and hotels and 1x points on everything else you buy.
  • Signup bonus.
    Spend $4,000 on purchases within 3 months of account opening and earn 60,000 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.

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

Data indicated here is updated regularly
Name Product Welcome offer Rewards Annual fee Filter values
Chase Freedom Flex℠
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
$0
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
Blue Cash Everyday® Card from American Express
$150 after spending $1,000 in the first 3 months
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
Get 3% cash back on groceries on up to $6,000 annually (then 1%) with no annual fee. This is a simple and effective rewards card. Rates & fees
Blue Cash Preferred® Card from American Express
$250 after spending $1,000 in the first 3 months
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
$95
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $250. This heavy-hitter rewards card has uncontested value. Rates & fees
Chase Sapphire Preferred® Card
80,000 points after spending $4,000 in the first 3 months, a value of up to $1,000 through Chase Ultimate Rewards
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a huge signup bonus worth $$1,000 with this popular travel card. Combine with other Chase Ultimate Rewards cards for even greater value.
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
Earn up to 2% on every purchase with no annual fee. This is the highest flat-rate cashback card on the market.
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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

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Our team evaluates credit cards to determine their value against similar cards on the market.

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Learn the details of our methodology and scoring.

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