Who is the Citi ThankYou Preferred Card Designed For?

Citi ThankYou Preferred Card is a decent “middle-of-the-road” credit card that provides a respectable signup bonus and rewards program without charging an annual fee. Also, the credit score requirements are less stringent than many other cards with similar terms and benefits, which makes this card a good fit for people with less than perfects scores looking for a solid rewards program.

What are the Citi ThankYou Preferred Card's Rates?

Rates range from 13.49% APR to 23.49% APR depending on creditworthiness. There is a 12-month 0% APR introductory rate for balance transfers completed within the first four months of signing up and a 12-month 0% APR introductory rate for purchases. Cash advances have a 25.74% APR.

What Are the Fees for the Citi ThankYou Preferred Card?

Citi ThankYou Preferred Card has a 3% foreign transaction fees, so it shouldn't be your first choice when traveling abroad. There is also a $5 or 3% (whatever is greater) balance transfer fee, and a $10 or 5% cash advance fee. The return payment and late payment fees are $35 each.

What Is Citi ThankYou Preferred's Rewards Program Like?

Citi's ThankYou rewards program gives you double points for dining out and entertainment purchases, which makes it particularly useful for people who regularly use their card for those kind of purchases. For all other purchases you get just one point for every dollar spent. ThankYou points can be redeemed to buy a wide selection of home goods, books, travel rewards and even cashback. The conversion rate is one cent for every point, so 20,000 points is the equivalent of $200. Additionally, cardholders also receive special access to exclusive events.

What about the Citi ThankYou Preferred Card's Signup Bonus?

The signup bonus for Citi ThankYou preferred is 15,000 points. To qualify for the bonus you must make at least $1,000 in purchases during the first three months of opening the account. That is a generous signup bonus, especially considering the card doesn't have an annual fee and the low purchase threshold.

Does the Citi ThankYou Preferred Card Have Any Other Benefits?

Citi ThankYou Preffered Card includes premier benefits and perks usually exclusive to prime cards with hefty annual fees. Benefits include worldwide car rental insurance, price rewind, extended warranty, trip cancellation insurance and $0 liability on unauthorized charges.

How Is Citi ThankYou Preferred Card Better Than Other Credit Cards?

Citi ThankYou Preferred Card's rewards program and benefits includes services and perks you generally would only expect from prime cards with expensive fees and stringent credit requirements. The double points on entertainment and dining out purchases and the large signup bonus make it easier to earn points faster. However, people planning to use it abroad or who are often late making payments should pay special attention to the foreign transaction fee and the hefty penalty rates.

  • Credit Score Range
    700 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Customer Type
  • Grace Period / Deferred Interest
  • Late Payment Penalty
  • Minimum Interest Charge
  • Returned Payment Fee
  • Foreign Currency Transaction Fee
  • No Annual Fee
  • Card Type
    • Balance Transfer
    • Rewards
  • 0% Introductory APR
  • Card Network
  • Car Rental Insurance
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Lost Luggage Insurance
  • Travel Insurance
  • Points
  • Rewards Categories
    • Every Purchase
    • Restaurants
  • Signup Bonus
  • Penalty APR
  • Purchases APR (variable)
    13.49% - 23.49%
  • Transfer Fee
    3% ($5 minimum)
  • Balance Transfer APR (variable)
    13.49% - 23.49%
  • Intro APR period (months)
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