Dec

07

Citi ThankYou(SM) Preferred Card Review

Tagged Under : Card, Preferred Card

The Citi ThankYou(SM) Preferred Card is a rewards card that gives points to members who make purchases with their card. The card also offers a special bonus to those who spend $300 within the first 3 months. There is a 0% introductory offer for both purchases and balance transfers and this card has no annual fee. Members who renew their membership each year also get rewarded with a special offer. This card is available in a MasterCard and is part of the Citi ThankYou Rewards Program. Here are some of the card features:

  • $50 gift card – Redeem 6,000 bonus ThankYou points after $300 in purchases within 3 months of account opening
  • 0% Intro APR on Purchases and Balance Transfers for 12 months. After that, the APR will be 12.99%-20.99% variable based on creditworthiness*
  • 2 ThankYou Points for every $1 you spend on purchases during the first 12 months and 1 point for every $1 you spend thereafter*
  • Enjoy no limit on the number of points you can earn
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • No annual fee*

Rates and Offers
The Citi ThankYou(SM) Preferred Card offers a special introductory rate of 0% on purchases and balance transfers for the first 12 months you have the card. Balance transfers have to be made within the first 4 months in order to get the 0% rate. After the 12 months, the rate will be 12.99%, 16.99%, or 20.99% based on your creditworthiness. The APR for cash advances is 25.24% and the penalty APR is 29.99%. The penalty APR can be applied if you make a late payment or have a payment that is returned. If your APRs are increased for either of these reasons, the Penalty APR will no longer apply to existing balances on your account if you make the next six consecutive minimum payments when due. However, the Penalty APR may apply to new transactions indefinitely.

Rewards
This rewards card gives new cardmembers 6,00 bonus ThankYou Points after $300 in purchases are made with your Citi ThankYou Premier Card within the first 3 months of account opening. You can redeem these points for a $50 gift card. 2 ThankYou Points for every $1 you spend on purchases during the first 12 months and 1 point for every $1 you spend thereafter. At the end of each Citi ThankYou Card account membership year you will also earn an Anniversary Bonus which is calculated as a percentage of ThankYou Points earned from purchases during that membership year. The Anniversary Bonus calculation does not include any other points you may have earned during that membership year. It may take 1-3 billing statements for the Anniversary Bonus to post to your Card Account at the end of each membership year. Here’s how it works:

  • 0-1 years = 1%
  • 1-2 years = 2%
  • 2 or more years = 3%

Citi ThankYou(SM) Preferred Card Fees
There are fees you should be aware of when using this card. The table below highlights some of those fees, but to see a complete list you should refer to the card terms and conditions. You can apply for the card by completing an online application today.

Description Fee
Annual Fee None
Balance Transfer Either $5 or 3% of the amount of each transfer, whichever is greater.
Cash Advance Either $10 or 5% of the amount of each cash advance, whichever is greater.
Foreign Purchase Transaction 0% of each purchase transaction in US dollars.
Late Payment Up to $35
Return Payment Up to $35

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