Citi ThankYou Preferred Card Review

Citi ThankYou Preferred Card is a rewards credit card issued by Citibank. 

Good credit. This card is designed for people with good credit. The minimum credit score to apply is 700.

If you're wondering whether Citi ThankYou Preferred Card is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a Citi ThankYou Preferred Card cash back or rewards program?

Citi ThankYou Preferred Card offers a rewards program to its customers.

This card features rewards for purchases in the following categories:

• Every Purchase
• Restaurants

Citi ThankYou Preferred Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	2%
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Citi ThankYou Preferred Card benefits?

Citi ThankYou Preferred Card provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Fraud Liability
• Price Protection
• Travel Accident Insurance
• No blackout dates when redeeming miles
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Citi ThankYou Preferred Card?

Citi ThankYou Preferred Card has a variable purchase APR that ranges from 14.99% up to 24.99%. The card has a variable balance transfer APR that ranges from 14.99% up to 24.99%.

It also has a variable cash advance APR starting at 26.74% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the Citi ThankYou Preferred Card fees?

No Annual Fee. Citi ThankYou Preferred Card does not charge an annual fee.

3% Foreign transaction fees. Citi ThankYou Preferred Card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

The following fees apply to Citi ThankYou Preferred Card:

Citi ThankYou Preferred Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$5
Returned Payment Fee	$35
Late Payment Fee	$35

Does Citi ThankYou Preferred Card report your account activity to credit bureaus?

Citi ThankYou Preferred Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Citi ThankYou Preferred Card

• Visit the Citibank website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.