Citi Premier Card Review

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Our Detailed Review of This Card

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The Citi Premier Card (a NextAdvisor advertiser) offers the opportunity to earn a hefty intro bonus and accrue unlimited reward points for purchases made with the card, all while charging no foreign transaction fees and no annual fee for the first 12 months (after that, it’s $95 per year).

To start, you’ll receive 50,000 bonus points after you spend $4,000 in purchases within the first 3 months of account opening. That bonus is worth $500 in gift cards and $625 in airfare via the ThankYou® Travel Center — that’s because your points are worth 25% more when you book travel through the ThankYou® Travel Center!

You’ll also earn an ongoing 3 points per $1 spent on travel. That’s a hefty reward rate and at gas stations, which is an unusual rewards category for a travel credit card. In addition to that, you’ll earn 2 points per $1 spent at restaurants and on entertainment, as well as 1 point per $1 spent on all other purchases. Your earned points can be redeemed for cash, travel, gift cards, at Amazon.com and more.

Another fantastic feature of the Citi Premier Card is its ability to transfer points at equal value to participating airline and hotel travel rewards programs free of charge (1,000 points minimum). This feature allows you to take advantage of other programs’ high point value, a great tool for the savvy traveler. Participating airlines include TrueBlue, Virgin Atlantic Flying Club and Singapore Airlines KrisFlyer.

Finally, you’ll pay no foreign transaction fees when you travel outside the U.S. — which can save you a bunch of money (many cards charge 3% to 5% foreign transaction fees) — and you’ll have access to Citi’s 24/7 concierge service. The concierge service can assist you with travel, shopping, dining, entertainment and other needs.

Rewards

  • Earn 50,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening.
  • Earn 3 Points per $1 spent on travel including gas stations.
  • Earn 2 Points per $1 spent at restaurants and on entertainment.
  • Earn 1 Point per $1 spent on all other purchases.

Redeem Rewards

  • Redeem ThankYou® points for a large selection of items, ranging from travel and gift cards to cash.
  • Minimum redemption is 100 ThankYou® points.
  • ThankYou® points are worth 25% more when redeemed for travel through thankyou.com, as compared to gift cards.
  • Transfer points at equal value to participating airline and hotel travel rewards programs (1,000 points minimum).

Fees and APR

  • Annual Fee: $95, waived for first 12 months
  • Foreign Transaction Fee: 0%
  • Purchase APR: 16.74% - 25.74% (Variable), depending on creditworthiness.
  • Balance Transfer APR: 16.74% - 25.74% (Variable), depending on creditworthiness.
  • Balance Transfer Fee: 3% of each balance transfer; $5 minimum.
  • *Additional details can be found on the Citi landing page.
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Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.