Better Bonus (30,000 Points or $300) for Citi ThankYou Preferred Card!

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Update:   This offer for the Citi ThankYou Preferred card has expired.

There’s now a better offer available for the Citi ThankYou Preferred card.  You’ll get 30,000 points (worth $300 in gift cards) after you spend $2,000 in the 1st 4 months.

Normally, the sign-up bonus for this card is 20,000 ($200) points after you spend $1,500 in the 1st 3 months.

The sign-up bonus for the Citi ThankYou Preferred card has been as high as 40,000 points in the past.  So while this is a good offer, it’s not the best deal I’ve seen for this card.

I’ll show you how you can combine this card offer with other Citi ThankYou cards to get Big Travel!

What’s the Deal?

Link:   Citi ThankYou Preferred

You’ll earn 30,000 Citi ThankYou points after you spend $2,000 in the 1st 4 months with the Citi ThankYou Preferred card.  And you’ll also get:

  • 2 points per $1 you spend on dining and entertainment
  • 1 points per $1 you spend on everything else
  • 3% foreign currency fee (so don’t use it outside the US!)
  • NO annual fee
Better Offer For Citi ThankYou Preferred Card 30,000 Point Sign Up Bonus

Earn 2X Points for Dining and Entertainment, Including Concerts and Sporting Events

Citi ThankYou points are worth 1 cent each when redeemed for gift cards.  So the sign-up bonus is worth $300.

Note: This isn’t our link, but we’ll always tell you about the best offers, even when they don’t earn us a commission.

What About Transferring Points to Airlines and Hotels?

Points earned from the Citi ThankYou Preferred card can NOT be transferred directly to Citi ThankYou airline and hotel partners.

But if you also have the Citi ThankYou Premier, Citi Prestige, or Citi Chairman (no longer available) cards, you CAN combine points earned from the Citi ThankYou Preferred with 1 of those accounts, and then transfer them to travel partners.

Better Offer For Citi ThankYou Preferred Card 30,000 Point Sign Up Bonus

Folks With Citi ThankYou Premier, Citi Prestige, or Citi Chairman Cards Can Transfer ThankYou Preferred Points to Airlines Like Cathay Pacific

So the 30,000 point sign-up bonus is worth potentially much more than $300 if you have 1 of the other mentioned cards and transfer your points to airline or hotel partners.

Is This a Good Offer?

I like that this card earns 2 points per $1 you spend on both dining and entertainment.  And their definition of entertainment is quite broad!  It includes:

  • Movies
  • Concerts and theater
  • Sporting events
  • Record stores and movie rentals
  • Tourist attractions (museums, zoos, amusement parks, art galleries)

This is also not a bad deal for a card with NO annual fee.

Fee-free cards are good to keep for a long time, because they’ll help build your relationship with the bank and possibly improve your credit score.

Better Offer For Citi ThankYou Preferred Card 30,000 Point Sign Up Bonus

No Annual Fee Cards Are Good to Keep Long-Term to Build Your Credit History

That said, for a limited time, there’s also an increased sign-up bonus on the fee-free Chase Freedom card.  You’ll get 20,000 points (worth $200) after you spend only $500 in the 1st 3 months, plus another 2,500 points ($25) if you add an authorized user.

While the sign-up bonus is worth less than the Citi ThankYou Preferred offer, you’ll only have to spend $500 (and not $2,000) to get it.

And if you also have the Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer available) card, you can transfer points earned from the Chase Freedom indirectly to airline and hotel partners.

Better Offer For Citi ThankYou Preferred Card 30,000 Point Sign Up Bonus

If You Have the Chase Sapphire Preferred, Ink Plus or Ink Bold, You Can Indirectly Transfer Chase Freedom Points to Partners Like Hyatt

But if you already have a lot of Chase cards, the Citi ThankYou Preferred could be a good option!

Bottom Line

There’s an increased sign-up bonus offer on the Citi ThankYou Preferred card.  You’ll get 30,000 points (worth $300 in gift cards) when you spend $2,000 in the 1st 4 months.

This isn’t my link, but I always tell you about the best deals whether or not I earn a commission.

For a card without an annual fee, this is not a bad deal.  And if you have the Citi ThankYou PremierCiti Prestige, or Citi Chairman card, you can transfer points from the Citi ThankYou Preferred to airline and hotel partners.  So you could get much more than $300 worth of travel!

Folks might also consider the increased sign-up bonus on the Chase Freedom card.  While it’s fewer points, you’ll only have to spend $500 in the 1st 3 months to get it.

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Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

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10 responses to “Better Bonus (30,000 Points or $300) for Citi ThankYou Preferred Card!

  1. 30,000 points are not worth $300 worth of gift cards when it takes 6,000 points to get a $50 gift card.

  2. Do I need to open a Citi Premier or Prestige card BEFORE hitting the spend minimum for the ThankYou Preferred if I want to transfer the points to airlines? I was hoping to take advantage of this increased sign-up offer now, and then open the Premier a few months down the road..

    Cheers,
    3O

  3. Interesting that you highlight that the Citi card charges a 3% foreign currency fee as though it’s a good thing.

  4. Applied for this card and denied immediately. No luck in reconsideration line as well

  5. @Scott That wasn’t a list of benefits, it’s a list of characteristics of the card. What part of ” (so don’t use it outside the US!)” didn’t you understand?

    @ Pras What reason did Citi give you for the denial? Did you call the Recon line to try and get an approval?
    I assume you have read “5 Ways To Make Your Credit Card Reconsideration Telephone Call A Success & Credit Card Reconsideration Telephone Numbers” under the Travel Credit Cards menu at the top left of this page. If not, it’s listed there under “Credit Card Resources”.

    1-800-695-5171/800-763-9795

  6. @Robert Hanson

    They told too many credit inquiries in recent history. I have 5 inquiries in past 6 months and applied for 1 citi card on august.

    I did called reconsideration line but the CSR told that since it is denial they cannot override the decision. I am little hesitant to write to executive credit review as in forums i read that they will pull the credit report again. Is it worth writing to Executive credit review?

  7. Can points be transferred to a spouse’s Premier card? I know Chase has this option with UR points, but not sure about Citi.

  8. Just to let you know, I had applied for the prior offer one month ago for 20,000 UR points for $1500 of spend. I called and asked Citi to add the new bonus to that card and they refused and would not give me any good reason for not matching the bonus. I thought Citi was pretty good about matching offers, but no luck this time.

  9. I have a Thank You Preferred Card, which I got in Jul 2013 with 21 months 0% APR, but with Zero TY points during Sign up. I was planning to sign up for another preferred card now which gives 30K TY points for signing up, because I never received any bonus from the “Thank You Preferred product”.

    But this new language in the application set me back, “Bonus ThankYou Points not available if you have had a Citi ThankYou Preferred Card opened or closed in the past 18 months”
    So should I close my “Thank You Preferred product” now and wait 18 months to get the bonus.

    This brings in another question, what about AA Cards. I have AA Amex and AA Executive MC. I planned to convert the Exec MC to “Double Cash” once the $450 fee posts.
    But do I also have to close all my AA card and wait 18 months if I need to get the bonus once again…

    Citi used to be very easy 🙂