CNN Underscored evaluations monetary merchandise reminiscent of bank cards and financial institution accounts based mostly on their total worth. We might obtain a fee by the LendingTree affiliate community in the event you apply and are authorised for a card, however our reporting is all the time unbiased and goal.
Our fast take: The Citi Premier® Card is a prime mid-tier bank card that comes with a large sign-up bonus and earns Citi ThankYou Rewards factors, which might be redeemed for money again or journey, transferred to this system’s airline companions or, for a restricted time now by Nov. 13, transformed into American Airways AAdvantage miles at a 1-to-1 ratio.
- Earn Three factors for each greenback you spend on air journey, lodges, gasoline stations, supermarkets and eating places (together with takeout).
- Factors might be redeemed for journey by the Citi ThankYou Rewards journey portal at a fee of 1 cent per level with no blackout dates or restrictions on award availability.
- Factors will also be transferred to any of Citi’s 16 airline companions at a 1-to-1 ratio.
- For a restricted time by Nov. 13, 2021, factors will also be transferred to American AAdvantage at a 1-to-1 ratio.
- Entry to World Elite Mastercard advantages.
- Different bank cards might earn extra rewards on on a regular basis purchases.
- Restricted journey insurance coverage and buying protections.
- New card holders can’t earn the sign-up bonus in the event you’ve opened or closed different choose Citi bank cards throughout the previous 24 months.
- $95 annual price.
Present sign-up bonus: Earn 80,000 bonus factors after you spend $4,000 on eligible purchases throughout the first three months after opening the account.
Finest for: Individuals searching for a bank card that earns versatile rewards that can be utilized for home American Airways flights, and people who are educated concerning the technique of reserving award journey utilizing the loyalty packages of worldwide airways.
The Citi Premier bank card comes with the entire perks of Citi’s ThankYou Rewards program, however doesn’t break the bank from yr to yr. When you gained’t get all of the journey advantages of a high-end ultra-premium journey bank card, you’ll earn bonus factors in lots of widespread classes, and may redeem them for money or a lot of helpful journey choices.
Probably the greatest points of the Citi Premier is its many various worldwide loyalty program partnerships. Those that are properly versed in redeeming factors and miles will benefit from the plethora of choices, though learners who’re simply beginning out with journey rewards may discover the alternatives overwhelming. Happily, you may all the time redeem your ThankYou factors utilizing the Citi journey portal at a fee of 1 cent apiece and never have to fret concerning the complexities of accomplice packages.
Nevertheless, because of an unprecedented new partnership, Citi Premier card holders also can presently switch their ThankYou factors to American Airways’ AAdvantage frequent flyer program, opening up many easier methods to redeem the cardboard’s factors for home flights. Sadly, there’s solely a restricted window for this feature, but it surely’s doable the partnership might be prolonged past its present Nov. 13 finish date.
For a restricted time by November 13, Citi Premier ThankYou factors might be transferred to American Airways.
That is additionally a wonderful bank card to pair with the Citi® Double Money Card. When you’ve each the Citi Premier and the Citi Double Money playing cards, you may convert the money again earned in your Citi Double Money into factors that may be utilized by the Citi Premier card. For the reason that Citi Double Money card earns 2% money again on each buy you make — 1% once you purchase, and 1% once you pay it off — you may strategically use the Citi Premier card once you make purchases in its bonus classes, after which use the Citi Double Money card on every little thing else.
And there’s by no means been a greater time to get the Citi Premier. That’s as a result of proper now new card holders can earn 80,000 bonus factors after spending $4,000 within the first three months after opening the account. That’s the very best sign-up bonus we’ve ever seen on this card, and you’ll simply get $800 in journey worth with that bonus — and probably much more.
For a card with a low annual price, the Citi Premier has some nice bonus classes. You’ll earn Three factors for each greenback you spend on air journey, lodges, gasoline stations, supermarkets and eating places (together with takeout), after which 1 level per greenback on all different purchases. The factors don’t expire so long as you retain the cardboard open and there’s no restrict to the variety of factors you may earn.
Sadly, you gained’t earn bonus factors on all travel-related spending — simply air journey and lodges. However, the record of bonus classes consists of so many on a regular basis staples that it must be simple to shortly begin racking up factors, making this card a prime incomes contender.
In terms of redeeming your rewards, one of many best strategies is to “money in” your ThankYou factors for money again or a press release credit score. Nevertheless, you’ll solely get 0.5 cent per level once you redeem this fashion, which isn’t a superb worth. Another choice is to redeem your factors for reward playing cards — once you go this route, your factors are value a a lot better 1 cent apiece.
However in the event you’re able to hit the highway, you may also redeem your Citi Premier factors for journey in two methods. The primary is by utilizing the Citi ThankYou journey portal, which is equivalent to reserving by an internet journey company like Expedia or Orbitz, besides that you may pay on your flight or lodge utilizing factors as an alternative of money. You’ll get the identical 1 cent per level once you redeem this fashion, and you’ll even combine money and factors collectively in the event you don’t need to pay solely with one or the opposite.
And in the event you’re an skilled in the case of journey rewards, transferring your factors to certainly one of Citi’s 16 completely different airline companions will probably carry the most effective worth, particularly in the event you’re seeking to journey internationally in first or enterprise class. It takes some effort and time to learn the way these accomplice loyalty packages work, but it surely’s the easiest way to get most worth on your factors, in addition to fly in fashion.
Till the current Citi/American partnership was introduced, JetBlue’s TrueBlue loyalty program was the Citi Premier’s solely home switch possibility. However now with the power to switch ThankYou factors to American AAdvantage as properly, Citi Premier card holders have two nice easy decisions in the case of transferring ThankYou factors to e-book flights on US carriers.
You may switch Citi ThankYou factors earned with the Citi Premier to JetBlue and simply e-book home flights.
Different advantages of the Citi Premier embody an annual $100 lodge credit score on reservations of $500 or extra once you e-book by ThankYou.com, prolonged guarantee safety, harm and theft safety and no overseas transaction charges.
Moreover, because the Citi Premier is a World Elite Mastercard, you’ll be entitled to World Elite advantages as properly, which embody a $5 low cost on three Lyft rides taken in a month, three free months of DoorDash’s DashPass meals supply membership and entry to Mastercard Luxurious Inns and Resorts.
Whereas the Citi Premier card is a strong performer on the journey rewards aspect, it lacks within the journey and buy protections division. Within the final two years, Citi has dropped a lot of the safety advantages you’d count on to see on a journey rewards bank card, particularly on one which carries an annual price.
In truth, there’s no journey insurance coverage protection of any type supplied on the Citi Premier. This implies you gained’t have entry to automobile rental insurance coverage, journey cancellation and interruption safety, journey delay safety, baggage delay safety and extra. Many comparable playing cards, such because the Chase Sapphire Most popular Card, provide all of those coverages, making the Citi Premier — and lots of different Citi playing cards — undesirable in the case of reserving holidays with them.
On the buying aspect, you’ll additionally now not have entry to Citi’s Worth Rewind function or return safety with the Citi Premier. To be truthful, these once-common perks have been wiped away from many bank cards in recent times — not simply Citi’s — but it surely’s nonetheless an unlucky loss. There are additionally no luxurious journey advantages on the Citi Premier, reminiscent of lounge entry or journey assertion credit, however that isn’t one thing we’d count on to see on a mid-tier card that solely prices $95 per yr.
Lastly, Citi has some fascinating phrases in the case of the sign-up bonus on the Citi Premier. The issuer determines your eligibility for the bonus based mostly on whether or not or not you’ve opened or closed sure Citi playing cards prior to now. Particularly, prior to now 24 months, in the event you’ve obtained a bonus for the Citi Rewards+®, Citi ThankYou® Most popular, Citi ThankYou® Premier/Citi Premier® or Citi Status®, or in case you have closed any of those accounts prior to now 24 months, you gained’t be eligible for the 80,000-point bonus.
CNN Underscored has chosen the Citi Double Money Card as our “benchmark” bank card. That doesn’t imply it’s the most effective bank card available on the market — slightly, it means we use it as a primary commonplace to check different bank cards and see the place they rating higher, and the place they’re worse.
Right here’s how the Citi Premier scores towards our benchmark. The options of every card within the beneath chart are coloured in inexperienced, pink or white. Inexperienced signifies a card function that’s higher than our benchmark. Purple signifies the function is worse than our benchmark, and white signifies the function is both equal or can’t be instantly in comparison with our benchmark.
When reviewing different bank cards, we use this format and these standards to check them with our benchmark. You may learn our bank card methodology for extra particulars on what we take into consideration in the case of perks, protections and redemption worth.
There are 4 main varieties of versatile bank card journey rewards — Citi ThankYou Rewards, Chase Final Rewards, American Specific Membership Rewards and Capital One miles. Whereas they’re all nice in their very own methods, the large distinction is of their varied airline and lodge partnerships — and based mostly in your private journey habits, that may simply draw you into one program over one other. However in the event you’re “program agnostic,” listed below are another bank cards which might be just like the Citi Premier.
The Chase Sapphire Most popular® Card is Chase’s mid-tier bank card, with the very same $95 annual price, however you’ll earn Chase Final Rewards factors that may switch to 14 airline and lodge companions, a few of that are the identical as Citi’s and a few of that are completely different. The place this card shines over the Citi Premier is that there are three lodge companions included as properly, and you’ll redeem your Sapphire Most popular factors for any flight through the Chase journey portal and get 1.25 cents per level in worth.
You’ll additionally get many buying and journey safety advantages with the Chase Sapphire Most popular. For instance, if it’s a must to cancel a visit since you get sick or injured, the Sapphire Most popular will reimburse you on your pay as you go and nonrefundable journey purchases, whereas the Citi Premier may depart you with many sunk prices.
That being stated, the Citi Premier has each many extra bonus classes, and also you’ll even earn Three factors per greenback spent on journey — whereas the Chase Sapphire Most popular solely earns 2 factors on this class (except bought by Final Rewards and also you’ll earn 5 factors per greenback). So that you’ll want to think about whether or not incomes extra factors or having higher journey and buy protections is the next precedence for you.
Alternatively, in the event you’re searching for an American Specific card, the American Specific® Gold Card is a comparable mid-tier possibility. The cardboard earns Amex Membership Rewards factors which might be transferred to a roster of 21 airline and lodge companions, or redeemed for flights and lodges by Amex Journey.
The Amex Gold additionally has the very best bonus classes of all three of those mid-tier card choices. The cardboard earns Four factors per greenback on eating worldwide and at U.S. supermarkets (as much as $25,000 in purchases per calendar yr, then 1x). It additionally earns the identical Three factors per greenback on flights because the Citi Premier (although flights should be booked instantly with the airline in an effort to get bonus factors on the Amex Gold) and 1 level per greenback on every little thing else.
You’ll additionally discover many journey advantages and month-to-month credit on the Amex Gold, in addition to journey insurance coverage. The massive distinction, nonetheless, is that the Amex Gold comes with a $250 annual price (see charges and charges), which is considerably larger than the $95 annual price of the the Citi Premier. So that you’ll have to think about if the extra factors and perks are value the fee.
The Citi Premier is a good selection in the event you’re seeking to earn journey rewards together with your bank card.
When you’re searching for a bank card that comes with journey advantages or annual credit, the Citi Premier might be not the most effective card for you. As an alternative, you’d be higher off with the Chase Sapphire Most popular or the Amex Gold. Alternatively, in the event you’re searching for a higher-end card with VIP perks, you’ll need to contemplate choices just like the Chase Sapphire Reserve® or The Platinum Card® from American Specific.
But when your prime focus is getting a mid-tier journey bank card and diversifying your factors, then the Citi Premier is a strong selection. It earns a lot of beneficial ThankYou Rewards factors at a low annual price, and Citi’s switch companions open up many alternatives to e-book journey on many worldwide airways, in addition to American Airways by Nov. 13. And in the event you resolve the Citi Premier is best for you, be sure you get it now and rating the 80,000-point sign-up bonus whereas it’s round.
Discover out which playing cards CNN Underscored selected as our finest bank cards of 2021.