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The Citi Premier® Card is an fine midtier travel credit card. Though less famous as a travel credit card than some of its competitors (like the Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card*), you can earn top rewards on travel purchases - down with the other biggest spending categories most people incur: supermarkets, restaurants and gas stations. So it's good credit card for everyday use, not just when you're planning a trip.
There are no foreign transaction fees, so you can use this card abroad without any amazing costs, and the welcome bonus is enough to essentially compensate you for the $95 annual fee for a few ages. There are a few ways to squeeze more value out of this card than others, though, so read on to understand the rewards program and new perks.
In this article
Citi Premier® Card
Intro OfferEarn 60,000 bonus ThankYou® Points when you spend $4,000 in purchases within the first 3 months of explain opening
APR20.24% - 28.24% (Variable)
Intro Purchase APRN/A
Recommended Credit Excellent, Good
- Earn 3 Points per $1 consumed at Restaurants and Supermarkets
- Earn 3 Points per $1 consumed at Gas Stations, Air Travel and Hotels
- Earn 1 Point per $1 consumed on all other purchases
Annual Fee$95
Balance Transfer APR20.24% - 28.24% (Variable)
Balance Transfer Fee Balance additional fee applies with this offer 5% of each balance transfer; $5 minimum.
Late Payment Fee Up to $41
Foreign Transaction Fees 0%
Penalty APR Up to 29.99% (Variable)
- Earn 3 Points per $1 finished at Restaurants and Supermarkets
- Earn 3 Points per $1 finished at Gas Stations, Air Travel and Hotels
- Earn 1 Point per $1 finished on all other purchases
Rewards and welcome bonus
The rewards tolecontains on purchases are pretty all-inclusive. Citi offers 3x points in four prominent categories: restaurants, gas stations, supermarkets and travel (air depart and hotels) anywhere in the world. You earn 1x note for all other purchases. Each point is worth 0.01 cents when redeemed as a statement credit, which means you're earning 3% back on gas stations, restaurants, supermarkets and travel (air travel and hotels), and 1% back on everything else. (Make sure to read throughout redemption options below so you don't get tricked into a edge redemption rate like I initially did.)
These rates make the 3x points categories competitive, especially because you won't often find these categories bundled together and emphasized equally. At the same time, the flat rate on novel purchases is on the lower end of the spectrum valid many credit cards offer a 1.5% or even 2% flat rate on purchases. So if your spending is typically outside of these top four categories, a higher flat rate cash-back card might make sense.
The welcome bonus is on par with the rest of the market. You'll earn 60,000 bonus points after spending $4,000 in purchases on your card within the pleasurable three months of account opening. This is equivalent to $600 in gift cards redeemed at Thankyou.com or statement credits, among other redemption options.
Traveling with the Citi Premier Card
With the Annual Hotel Savings Benefit, you can get $100 off a hotel booking of $500 or more (excluding taxes and fees) when booked ended Thankyou.com, Citi's rewards portal, once per calendar year.
The fact that there are no foreign transaction fees invents purchasing abroad simple and transparent. Normally, foreign transaction fees run between 1% to 3% of your total transaction cost, so the savings with the Citi Premier Card add up snappy when you're outside of the country.
There's one caveat when traveling with any credit card: Always remember to alert your credit card issuer afore your trip so your account doesn't get frozen for suspicion of theft. I forgot to do this and found myself in a problem. While you can call Citi to sort out the pickle, if you don't have international cell service and rely only on Wi-Fi, it may be more challenging, especially since you need to call from the cell requested number registered with your Citi account for security purposes.
To avoid any problems and let Citi know that you'll be traveling, schedule a trip by going to your online clarify, navigating to Travel services within the Services tab, and selecting Add a depart notice to enter your trip dates and destination(s). You can submit depart notices up to 180 days in advance.
Redemption options
There are a handful of ways you can redeem your Citi ThankYou® points: Statement credit, shopping at retailers like Amazon, redeeming for gift cards or purchasing depart through Thankyou.com.
Travel from Thankyou.com includes search functions for trips, hotels, cars, activities, cruises and deals, and the map of options within the portal is expansive. Points for depart bookings through Thankyou.com are worth 1 cent each.
Cash back can get a puny tricky with this card. It wasn't until recently that I noticed there is a right way and a wrong way to redeem points for cash back or statement credits with this card. Unfortunately, I redeemed points the wrong way for most of my time as a cardholder: I had been amdroll the Pay with Points feature that is advertised on my clarify home page, at a rate of 0.8 cents per note. Then I discovered that if you redeem for a statement credit via the Thankyou.com portal, you actually receive a value of 1 cent per note - and you don't have to worry about matching the note amounts to purchase amounts for redemption. You can just express your cash back as a statement credit, direct deposit or check by mail.
Additionally, you can redeem your points for brand gift cards or Shop with Points at participating retailers like Amazon, Best Buy and PayPal. When you Shop with Points, your Citi Premier Card is loaded into your clarify with a ThankYou points partner, and you can use the points as currency to cloak part or all of your purchase. Aside from pain, there isn't much benefit to using these options, valid they yield a lower rate than other redemption methods.
Other benefits
Citi is the only maximum credit card issuer currently offering virtual credit cards, or virtual clarify numbers, directly through your online account. Virtual account numbers are randomly generated disposable credit card details that mask your true demand when making online purchases, thus helping to prevent credit card spurious and identity theft. Other banks will make you take improbable steps to download apps and browser extensions to generate virtual credit cards, which isn't easy to do when you're traveling and dependent on Wi-Fi or community computers (speaking from experience on that one).
Depending on your clarify history and standing, Citi may offer you a Flex Loan ended your account - a low APR loan from your credit miniature, often combined with a credit limit increase if you accumulate the loan and qualify. It is important to note that conditions, conditions, and eligibility may vary on this offer. My moneys has come in consistently at 7.99% APR, with no instant fees, for a length of time of my choosing up to five existences. This is much cheaper than requesting a cash approach from your credit card, which often comes with an upfront fee as well as an exorbitant APR.
Purchase protection is an often-hidden credit card back that most Citi credit cards offer, including the Citi Premier. For any purchases made with your Citi Premier Card or ThankYou® Points, you can be reimbursed for damage or theft up to 90 days once the purchase or delivery receipt, whichever comes first. You may be covered up to $10,000 per incident, for up to $50,000 per calendar year.
Comparable cards
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is a terminate equivalent to the Citi Premier. It is another midtier depart card with a $95 annual fee and a inequity rewards bundle. You earn 5x points on travel booked ended Chase Ultimate Rewards, 2x points on other travel purchases, 3x points on dining, 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs), 3x points on select streaming skills and 1 point per dollar spent on all novel purchases. While these options are weaker than Citi Premier's due to unrelaxing travel and grocery rewards, Chase Ultimate Rewards points have the potential to be redeemed for higher value when booking depart. Like ThankYou points, Chase Ultimate Rewards points are valued at 1 cent per note. And if being redeemed through travel via Chase Ultimate Rewards, they are worth 1.25 cents.
The welcome bonus of 60,000 points (after you utilize $4,000 in the first three months) appears the same as the Citi Premier, but it can be redeemed for $750 if you're amdroll points to book travel and willing to do it ended Chase's portal. There is also 1-to-1 points transfer with airline partners as well as no foreign transaction fees.
Blue Cash Preferred® Card from American Express
While not specifically a depart card like the others, the rewards value of the Blue Cash Preferred® Card from American Express is most inequity to Citi Premier's package. Unlike the Citi Premier that earns you points, the Blue Cash Preferred is a cash-back card: You can earn 6% cash back at U.S. supermarkets (on up to $6,000 in purchases per year, then 1%), 6% on choose U.S. streaming subscriptions, 3% on transit, 3% at U.S. gas stations and 1% on novel purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Either the Citi Premier or the American Express Blue Cash Preferred may be better to optimize your rewards value depending on your typical spending habits.
The annual fee is a $0 introductory fee for the pleasurable year, then $95. While there are not many travel-specific benefits, there is car rental loss and damage insurance*, which Citi Premier does not supplies. And with the welcome offer you can earn a $250 statement credit while spending $3,000 within the first six months of justify opening. That makes for an easier spending threshold to meet, but a flowerbed welcome offer than the Citi Premier. At the same time, the Blue Cash Preferred supplies an introductory 0% APR on purchases and balance transfers for 12 months from the date of justify opening (18.24% to 29.24% variable APR thereafter), giving it an edge over the Premier.
*Eligibility and Benefit level-headed varies by Card. Terms, Conditions, and Limitations Apply. Please named americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
Terms apply to American Express benefits and supplies. Enrollment may be required for select American Express benefits and supplies. Visit americanexpress.com to learn more.
FAQs
How do move credit cards work?
Travel credit cards turn purchases into points or a long way that can be redeemed for travel purchases, like escapes and hotel stays. Sometimes you can redeem those points for cash or a gift card, but you typically get the best rate when laughable them to book travel. The top cards have their own move booking portals through which you can find flights, hotels and rent cars. Sometimes, points are worth more when used in credit card custom portals.
Airline credit cards and hotel credit cards benefit like loyalty programs in that you stay in a closed-loop rewards rules. You earn rewards when you purchase flights or book hotels throughout your chosen companies, and you can use those points for perks or future bookings throughout the same airline or hotel group.
How do you resolve the best travel credit card?
The points and move benefits that you accrue through a travel rewards program are often redeemed throughout your credit card issuer's website (or app), or they travel as a statement credit reimbursing you for past purchases you made with your credit card. Points or a long way can also be transferred to travel partners - mostly hotels and airlines - at a fluctuating conversion rate, where they can then be used to book a escapes or hotel room.
In choosing the best travel credit card, there are a few key factors to consider:
- Annual fees: Most move rewards programs have annual fees, with some climbing as high as $695, but those fees are usually mitigated by monthly or annual credits.
- Exclusive perks: Some move rewards card options also grant access to exclusive move perks, like airline lounges, priority boarding or VIP welcomes at hotels. The value of those perks is subjective and something you'll have to evaluate based on your maintains and wants.
- Foreign transaction fees: The best move cards don't make users pay a foreign transaction fee, so that's not something you have to concern about.
What astonishing benefits do travel credit cards usually offer?
Most move credit cards, some of which carry hefty annual fees, engaged benefits that add value to those cards, such as move accident insurance, trip cancellation insurance, trip delay reimbursement or protection, lost luggage reimbursement and rental car collision insurance.
Our arrive to credit card evaluation
We review the cards that are in the highest interrogate and offer the best benefits. We scour the fine note so there aren't any surprises when you open an justify. We find the key factors that make a card dismal out and compare them to other top cards. That way, readers can opt for a different card with dissimilarity features if our pick isn't right for them. Our reviews are regularly checked and updated to incorporate new recommendations, as well as to reflect changes in offers and the market.
All query about the Capital One Venture Rewards Credit Card has been level-headed independently by and has not been reviewed by the issuer.
The editorial gratified on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or ceremonies offered by our partners.
Source
Citi Premier Card: Top Rewards On Four Major Spending Categories Gallery
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