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You can earn triple ThankYou points with new Citi Premier® Card bonus categories. Restaurants and supermarkets are two of the new categories starting in August 2020. A few other benefit changes are coming as well this summer as spending habits shift.
New 3x Citi Premier Bonus Categories
Starting August 23, 2020, the Citi Premier® Card earns 3 ThankYou points on these purchases:
- Air travel
- Restaurants (includes select takeout purchases for eating at home)
- Gas stations
All remaining purchases will earn 1 ThankYou point per $1.
Interesting to note, it appears air travel and hotel purchases directly from the carrier, a third-party booking site, or ThankYou.com qualify.
Citi’s General Manager of Proprietary Rewards Products, Lora Monfared, states, “As our cardmembers’ needs evolve, we want to ensure we’re evolving with them and offering products that best meet their spending habits and deliver exceptional value.”
No additional changes have been announced yet for the other leading Citi credit cards.
Other Citi Premier Changes
The Citi Premier® Card changed the travel perks on August 23, 2020, as well. These travel changes may be good or bad, depending on how you redeem your ThankYou points.
New $100 Hotel Credit
Beginning August 23, 2020, you get $100 off one hotel stay of $500 (excluding fees and taxes). You will need to book your stay on ThankYou.com. The credit can be redeemed once a calendar year.
This benefit is a scaled-down version of the 4th hotel night free the premium Citi Prestige offers. If you are booking a multi-night stay, this perk can offset the Citi Premier $95 annual fee.
Flight Redemption Bonus Disappears
One negative change is that the Citi Premier® Card travel redemption bonus disappears on April 10, 2021. Until then, your points are worth 25% more (1.25 cents each) when booking award travel on Citi ThankYou. Your points are worth up to 1 cent each for non-travel awards like gift cards.
You have up to one year to enjoy the travel redemption bonus.
After April 10, 2021, your points are worth 1 cent each for award travel you book with the ThankYou travel center.
The better option can be transferring your ThankYou points to the airline partners. Some of the best transfer partners include:
- Asia Miles
- Avianca LifeMiles
- Singapore Airlines
- Virgin Atlantic
Booking award flights directly from the airline can easily make your points worth at least 2 cents each. Saving your points for first-class or business class can make them worth up to 8 cents each.
However, redeeming your points at ThankYou.com is the better option if the airline isn’t a Citi transfer partner, and you don’t want to pay cash for your seat.
You might prefer redeeming your points directly through the credit card travel portal to keep life simple, such as the Chase Sapphire Preferred® Card that uses the Chase Ultimate Rewards Travel Portal. The Chase Sapphire Preferred will still be offering a 25% travel redemption bonus at this time.
What’s Staying the Same for Citi Premier?
The Citi Premier® Card isn’t undergoing radical changes. These features remain the same for all cardholders.
$95 Annual Fee and No Foreign Transaction Fee
The annual fee remains $95 per year for the primary card and $0 for additional cards. There is no foreign transaction fee.
This fee is competitive with some of the best travel credit cards that offer similar benefits and the same annual fee.
New Citi Premier Card cardmembers can earn 80,000 bonus ThankYou® Points after spending $4,000 in purchases within the first 3 months of account opening. The 80k bonus points are redeemable for $800 in gift cards when redeemed at thankyou.com.
You qualify for this bonus if you haven’t received a signup bonus for another Citi credit card that earns ThankYou rewards or closed an account within the most recent 24 months.
You should still take the time to compare the cash ticket price to the award flight price, but the present moment can be an excellent time to pay with points if you’re able to fly.
For example, Virgin Atlantic was offering discount Upper-Class seats from the United States to London. You can also avoid fuel surcharges for international airlines when booking Star Alliance partner flights with Avianca LifeMiles.
You can practice good hygiene and safe shopping by using contactless payments for in-person transactions. The Citi Premier is compatible with digital wallets if you prefer to pay with your phone. Both payment methods qualify for the $0 liability on unauthorized charges, just like the EMV chip methods.
You can take your credit card security a step further. Most Citi credit cards support virtual card numbers for online purchases. Existing cardholders should contact Citi to see if your account is eligible.
Related: Best Citi Credit Cards
Summary of the Citi Premier Bonus Categories
Adapting to the new Citi Premier® Card bonus categories can help you earn bonus points on daily spending while enjoying award travel. Also, keep an eye on the travel redemption and point transfer options to find the best value for your ThankYou points.
What are the Citi Premier bonus categories?
Starting August 23, 2020, the Citi Premier® Card earns 3 ThankYou points per $1 on these purchases:
All non-bonus spending earns 1 point per $1.
Is the Citi Premier worth it?
The Citi Premier® Card credit card can be worth it if you can maximize the 3x bonus categories and redeem your ThankYou points for award travel. Starting August 23, 2020, you earn 3 points per $1 on flights, hotels, restaurants, supermarkets, and gas stations. The annual fee is $95, and there isn’t a foreign transaction fee.
Your points are worth 1 cent each.
You also get an annual $100 credit on the first $500 hotel booking (excluding taxes and fees) you make through thankyou.com.
Can you downgrade The Citi Premier?
It’s possible to downgrade The Citi Premier. However, Citi may not approve your request because there isn’t a fee-free version of the Premier.
Assuming you downgrade the Citi Premier, your only option might be the Citi Rewards+® Card. This card continues to earn Citi ThankYou points but has no annual fee. The Rewards+ earns 2x points at supermarkets and gas stations (on the first $6,000 in combined spending per year, then 1x point). Plus, Citi Rewards rounds up purchases to the number of points you earn to the nearest “10.” For example, 31 points become 40 points. While you can’t transfer your ThankYou points to airline partners, you get back 10% of the first 100,000 points you redeem each year. This can make your points worth up to 1.1 cents each for award travel and gift cards.
For a limited time, new Citi Rewards+® Card cardholders can earn 20,000 bonus points after spending $1,500 in purchases with their card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com.
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Chase Sapphire Preferred® Card
- Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
- Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.