Citi Premier Card: Our Review & Things to Consider

For a $95 annual fee, the Citi Premier Card rewards spending on popular categories with flexible points. You earn three ThankYou points per dollar spent on groceries, gas, restaurants, airlines and hotels, while you earn one point per dollar on everything else. The points can be redeemed as gift cards, travel rewards, cash back and more.

Additionally, you can earn the sign-up bonus of 80,000 ThankYou points if you spend $4,000 on purchases within three months from account opening. That’s worth around $800 in gift cards.

Card Details to Know Up Front

Bonus, Fee or Feature
Has or Not
Has Annual Fee
Has Balance Transfer Offer
Has APR Offer
Cash Back Rewards
Travel Rewards
Hotel Benefits
Airline Benefits
Has Rewarding Welcome Offer
Has Foreign Transaction Fee
Credit Needed
Excellent

Click to see this card’s rates, fees and how they compare to other cards in our dataset.

Citi Premier Card at a Glance

The Citi Premier Card rewards purchases in various categories while offering a significant welcome bonus. It triples points for purchases on groceries, restaurants, gas, airfare and hotels, which is rare to find among similar cards. By spending $4,000 within four months from account opening, the card provides 80,000 bonus ThankYou points. The points can be redeemed as gift cards, travel rewards or used to shop online.

Citi Premier Card
An excellent travel rewards card for international use
- ExcellentCredit Needed
- $95Annual Fee
- 1–3 Points per $1Rewards Rate
- 3xRewards Rate at Hotels
- 3xRewards Rate on Groceries
Pros
Opportunity to earn a sizeable sign-up bonus
3x points for travel purchases and on a few other categories
No foreign transaction fees
Transfer points to popular frequent flyer programs or redeem them in other ways
$100 hotel savings benefit each year

Cons
Annual fee of $95
No complimentary insurance
No purchase protection
Cash advance and balance transfer fees
Penalty APR may apply in case of a late or returned payment
Earn 80,000 bonus points if you spend $4,000 on purchases in the first three months (valued at $800 when you redeem them for gift cards).
Earn 3x points on air travel, on hotel bookings, at gas stations, at supermarkets and at restaurants.
Earn 1x points on all other purchases.
Get $100 off a hotel stay of $500 or more (excluding fees and taxes) when you book through thankyou.com (online or over the phone).
Transfer your points to airline loyalty programs such as American Airlines AAdvantage, Aeromexico, Asia Miles, Avianca LifeMiles, Emirates Skywards, Etihad Guest, Flying Blue, InterMiles, JetBlue TrueBlue, Malaysia Airlines Enrich, Qantas Frequent Flyer, Qatar Privilege Club, Singapore Airlines, Thai Royal Orchid Plus, Miles & Smiles and Virgin Atlantic Flying Club.
Other ways to redeem your points include getting gift cards, shopping online, paying for travel, getting statement credits, making online bill payments and making charitable donations.
Pay no foreign transaction fees when you use this card internationally.
Additional cards come with no annual fees.
Access to Citi Entertainment gives you the means to buy tickets to various events as well as presale tickets.
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available
Terms, rates and fees apply
Compare this credit card with other top-rated cards from our partners.

Pros & Cons Explained

Although the Citi Premier Card offers a noteworthy welcome bonus and well-rounded rewards system, it may not be for everybody. It’s important to weigh its pros and cons to help you decide if it’s the right card for you.

Pros

Benefits
Description
Rewards points tripled
The Citi Premier Card gives three ThankYou points per dollar spent on major categories in many household budgets — groceries, restaurants and gas. It does the same with spending on airlines and hotels, while all other purchases get one point per dollar.
Big welcome bonus
You earn 80,000 ThankYou points if you spend $4,000 within three months of account opening.
Flexible points redemption
The ThankYou points earned from this card are redeemable in a variety of ways, including as gift cards or travel rewards, or you can shop with your points at Amazon or Best Buy. Points are more valuable when converted as gift cards and travel rewards since they usually convert to one cent per point. Meanwhile, if you use them to shop online, they can be worth roughly 0.8 cents per point.
No foreign transaction fees
You will not need to pay foreign transaction fees if you use this card outside of the U.S.

Cons

Drawbacks
Description
Annual fee
The card comes with a $95 annual fee, and it is not waived during the first year. This is a relatively reasonable fee, but there are some competing cards with no annual fee.
Lacks protection benefits
Unlike similar cards, the Citi Premier Card does not offer travel or purchase protections. It lacks insurance on trip cancellations, car rental collisions, lost baggage, travel accidents and more. It also lacks liability protections for fraudulent purchases.
Limited choice for domestic travel
While the Citi Premier Card allows you to transfer your points to airlines, most of Citi’s partners are international carriers.

LOOKING FOR THE BEST CREDIT CARDS OF 2021?

The MoneyGeek team evaluates various credit card offers and chooses the best options for popular card categories each month. For example, you can compare the Citi Premier Card with the top credit cards for people with excellent credit.

Bonuses & Rewards Explained

All purchases made with the Citi Premier Card earn ThankYou points. Every dollar spent on groceries, gas, restaurants, hotels and airfare earns you three points, while you get one point on everything else. There’s no limit on the points you can earn, and they don’t expire. While the value of your ThankYou points may change, they are usually around one cent per point.

Currently, the Citi Premier Card gives a welcome bonus of 80,000 ThankYou points if you spend $4,000 within three months of the account opening.

ThankYou points can be redeemed in a number of ways:

1

Gift cards

Points can be redeemed as gift cards, which can be used with restaurants, retailers and other merchants. Occasionally, Citi offers sales that can increase the value of your points.

2

Travel

You can book flights, hotels, rental cars and cruises using your ThankYou points. You can use them to pay your bookings in full or in part.

3

Cash back rewards

Points are redeemable as cash rewards, statement credit, check or direct deposit. You can even use them for a mortgage or student loan payment.

4

Transfer to Citi’s partner airlines

You can transfer your ThankYou points to Citi’s partner airlines. This has the potential of providing the most value for your points. The only downside is that almost all of Citi’s partner airlines are international carriers.

5

Share to another ThankYou account

Citi allows you to transfer up to 100,000 ThankYou points per year to another account. Although transferred points should be redeemed within 90 days, this option allows you to pool your points with another person.

Other Features Explained

The Citi Premier Card has a number of benefits beyond its lucrative rewards system.

Card Feature
Description
Contactless payment
Use this card to safely shop with qualified merchants by simply tapping your cards on contactless payment readers.
Additional users
You can add an authorized user to your account for free. This allows you to earn points faster.
Citi Entertainment
Users of this card gain exclusive access to the most anticipated concerts, sporting events, dining experiences and more.

MONEYGEEK EXPERT TIP

The Citi Premier Card offers a $100 discount on a single hotel stay of $500 (excluding taxes and fees) or more booked through ThankYou rewards.

Understanding the Fine Print

To accurately assess the potential value proposition of the Citi Premier Card to your wallet, it’s important to understand the fees associated with the card.

Card Feature
Amount or Rate
APR
15.99%–23.99%
Annual Fee
$95
Cash Back Rewards
Rewards Rate
1–3 Points per $1
Airline Benefits
Rewards Rate on Groceries
3x
Rewards Rate on Gas
3x
Rewards Rate on Dining
3x
Rewards Rate on Entertainment
1x
Rewards Rate on Online Shopping
1x
Rewards Rate on TV, Phone, Internet Services
1x
Rewards Rate on Air Travel
3x
Rewards Rate at Hotels
3x
Balance Transfer Fee
3%
Balance Transfer APR
15.99%–23.99%
Late Fees
$40.00
Cash Advance Fee
3%
Cash Advance APR
25.24%
Foreign Transaction Fee
None

Regular APR
This card comes with a variable APR of 15.99%–23.99%, depending on the cardholder’s creditworthiness. This APR applies to all purchases.
Annual Fee
The card comes with a $95 annual fee. However, it can easily be set off by earning at least 9,500 points, which is equivalent to spending around $3,200 per year in the reward categories with tripled points.
Points Rewards Rate
You earn 3x ThankYou points for every dollar spent on groceries, restaurants, gas, hotel and airfare; other purchases earn 1x points per dollar. Points can be redeemed as gift cards, cash back and travel rewards. While the conversion varies depending on available offers, one point usually converts to one cent. You can also transfer your points to Citi’s partner airlines to get more value on your points.

FINDING YOUR CARD'S RATES AND FEES

When comparing the Citi Premier Card with other travel rewards cards, carefully study the point multiplier for each spending category. To maximize your ThankYou points, regularly visit the ThankYou Rewards website to see their latest offerings. You can also visit the Consumer Financial Protection Bureau’s (CFPB) credit card agreement database to compare the card with other cards you may already have.

Who Should & Shouldn’t Consider Citi Premier Card?

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Other Considerations for Citi Premier Card

Whether you’ll use the Citi Premier Card on its own or with other cards can affect its overall value proposition. It works great by itself with its generous rewards on common spending categories, but its annual fee is something to consider if you’re having it as an additional card.

Things to Consider if This is Will Be Your First or Only Credit Card

The Citi Premier Card comes with a significant sign-up bonus and a good rewards system that can be appealing to frequent travelers. The card also does not charge any foreign transaction fee, making it more convenient for travelers.

It comes with an annual fee, but if you wisely use the card and redeem rewards, it can be a solid travel rewards card. However, its lack of travel benefits and protection cannot be ignored.

Things to Consider if This is Will Be an Additional Card in Your Wallet

As an additional card, the Citi Premier Card can provide value by gaining more points on spending categories that might not be as generously rewarded by your existing card. If you have another card that offers travel protections and insurance, the Citi Premier Card’s lack of these features won’t matter as much. However, it also comes with an annual fee, while some other similar cards don’t.

WHY TRUST OUR REVIEWS

MoneyGeek uses a comprehensive review process when appraising credit cards. We independently collect data from various sources, including the Consumer Finance Protection Bureau’s database. Throughout our process, we standardize data points, use an average spending profile and factor in promotions, among many other considerations. Additionally, our team regularly revisits our data to ensure the accuracy of our findings.

How Citi Premier Card Compares to Other Cards

The Citi Premier Card stands firm when compared with similar cards. It offsets the reasonable annual fee by offering tripled rewards on various spending categories and a flexible rewards redemption option. However, its overall value depends on your needs and preferences.

Quick Comparison of Citi Premier Card

Citi Premier Card

Annual Fee: $95
Rewards Rate: 3x points on grocery, restaurants, gas, hotel and airfare; 1x points on other categories
Welcome Bonus: 80,000 points after spending $4,000 within the first three months
Travel Benefits: N/A
Mini Verdict: Ideal for big spenders who frequently travel internationally

Chase Sapphire Preferred Card

Annual Fee: $95
Rewards Rate: 2x points on dining and travel; 1x points on other purchases
Welcome Bonus: 100,000 points after spending $4,000 within the first three months
Travel Benefits: Complimentary insurance on trip cancellations, auto rental collisions, baggage delays and trip delays
Mini Verdict: Ideal for travelers who want to earn points and have some travel protections with their card

Other Helpful Decision-Making Q&As

Still unsure if the Citi Premier Card is a good fit? We’ve answered the card’s frequently asked questions to help you decide.

Still not sure about this card? Consider these options.

The Citi Premier Card is a good card for frequent travelers who are willing to exert some effort to maximize their reward points. Still unsure if it’s the right fit for you? Take a look at the other rewards cards on the market. You can also check out other cards for people with excellent credit.