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Earn 50,000 bonus points with the Citi Premier card

Summary

New cardholders can earn 50,000 bonus points after spending $4,000 in the first three months of account opening.

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If you’re looking for a travel rewards card that offers a lot of value in the first year, the Citi Premier® Card is a great way to go. In addition to a generous triple point bonus on travel purchases, the Premier card offers one of the best sign-up bonuses for a card in its class: 50,000 points for spending $4,000 in the first three months of card ownership. Thanks to the card’s 25 percent bonus for redemptions made through its travel portal and list of travel partners you can transfer points to, you can stretch that sign-up bonus a long way.

ThankYou perks

Along with a 50,000-point bonus, the Citi Premier card allows cardholders to earn rewards on every purchase and offers a variety of perks, including a 25 percent higher redemption value on travel.

These benefits do come with a price tag, though: After the first year, cardholders will be charged an annual fee of $95. However, the card’s yearly value more than makes up for its annual fee each year.

Citi Premier® Card
Rewards rate

  • 3 points per dollar on travel, including gas
  • 2 points per dollar on dining out and entertainment
  • 1 point per dollar on other purchases
Sign-up bonus

  • 50,000 ThankYou® points when you spend $4,000 in the first 3 months

Why use it?
If you’re a frequent traveler or heavy commuter, you will benefit from this card’s bonus rate on travel. For those who regularly eat out or attend entertainment events, the 2-point rate is an added bonus.Read review
Estimated First Year Value ($15,900 spend)
$953
Annual Fee
$95, waived the first year

Recent changes to the Citi Premier card

As you can see from the table below, the card has a history of toggling between a 30,000-point and 50,000-point sign-up bonus. The card has even offered no sign-up bonus in the past.

Citi ThankYou Premier card recent changes

Change dateSign-up bonus
Oct. 23, 2018 50,000 ThankYou® points if you spend $4,000 in first 3 months
Aug. 1, 201860,000 ThankYou® points if you spend $4,000 in first 3 months
Feb. 28, 201850,000 ThankYou® points if you spend $4,000 in first 3 months
Jan. 25, 201830,000 ThankYou® points if you spend $3,000 in first 3 months
Sept. 27, 2017No sign-up bonus
July 18, 201750,000 ThankYou® points if you spend $4,000 in first 3 months
Jan. 24, 201730,000 ThankYou® points if you spend $3,000 in first 3 months

Keep in mind that the increased sign-up bonuses also come higher spend requirements. To receive the 50,000-point or 60,000-point bonuses, cardholders must spend $4,000 in the first three months, compared to $3,000 for the 30,000-point bonus.

Who is eligible for the sign-up bonus

The Citi ThankYou Premier sign-up bonus is only available to new cardholders who have not had a ThankYou Premier, ThankYou Preferred or Citi Prestige card opened or closed in the past 24 months.

Of course, you must meet certain credit requirements to be approved for the ThankYou Premier card. To determine your creditworthiness, Citi will consider several factors, including, but not limited to, your annual salary and wages and any debt you may have.

Best ways to spend 50,000 ThankYou points

In general, travel redemptions are the best use of Citi ThankYou points, and – if you want to squeeze the most value out of your points – redeeming them for airfare through the Citi ThankYou portal is your best bet. Citi ThankYou Premier card members get a 25 percent boost on their points when they redeem them this way, so 50,000 bonus points can get you $625 worth of airfare.

Citi gives you plenty of other choices for redeeming ThankYou points – including gift cards, merchandise and cash back – but most of these are a poor value, worth less than 1 cent per point.

Citi ThankYou Premier card redemption options

Redemption optionPoint valueValue of 50,000-point sign-up bonus
Citi ThankYou portal airfare (25% point bonus)1.25 cents$625
Other Citi ThankYou portal travel rewards (hotels, rental cars, cruises, vacations, activities)1 cent$500
Gift cards1 cent$500
Merchandise0.8 cent$400
Shopping partners (Amazon, Expedia, Live Nation, 1-800Flowers, Best Buy, Wonder) 0.8 cent$400
Select and credit0.75 cent$375
Cash back (statement credit or check)0.5 cent$250
Student loan or mortgage payment1 cent$500
Charity donation1 cent$500

Citi also has several airline partners that you can transfer points to at a 1:1 ratio (with the exception of JetBlue). It’s possible to stretch your points further with a point transfer, since you can look for values within each airline partner’s redemption chart. Unfortunately, the options are slightly limited, consisting mostly of small oversea airlines:

Citi ThankYou Premier card transfer options

AirlineTransfer ratioPoint value (including transfer ratio)Value of 50,000-point sign-up bonus
Singapore Airlines1:12.17 cents$1,085
Avianca1:11.5 cents$750
Turkish Airlines1:11 cent$500
Asia Miles1:11 cent$500
Etihad Guest1:11 cent$500
Eva Air1:11 cent$500
Air France/KLM1:11 cent$500
Garuda Indonesia1:11 cent$500
Jet Airways1:11 cent$500
Malaysia Airlines1:11 cent$500
Qantas1:11 cent$500
Qatar1:11 cent$500
Thai Airways1:11 cent$500
Virgin Atlantic1:10.8 cent$400
JetBlue2:10.74 cent$370

Should you apply for the Citi Premier card now?

Though the bonus is not at it’s peak, it’s still a great time to sign up for the Citi Premier card. With the Citi Premier card’s 25 percent redemption bonus and an array of airline partners that can offer an even better value on your points, 50,000 bonus points can take you very far.

See related:American Express Platinum card offers 100,000 bonus points through CardMatch, Earn 40,000 bonus miles with the Chase United Explorer card

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

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Credit Card Rate Report Updated: May 23rd, 2019
Business
15.61%
Airline
17.50%
Cash Back
17.60%
Reward
17.62%
Student
17.79%

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