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.

  • Card Type
    • Balance Transfer
    • Rewards
  • Customer Type
  • Card Network
  • Credit Score Range
    700 - 850
  • 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
  • Grace Period / Deferred Interest
  • Late Payment Penalty
  • Minimum Interest Charge
  • Returned Payment Fee
  • Foreign Currency Transaction Fee
  • No Annual Fee
  • Car Rental Insurance
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Lost Luggage Insurance
  • Travel Insurance
  • Points
  • Signup Bonus
  • Penalty APR
  • Purchases APR
    13.49% - 23.49%
  • Transfer Fee
    3% ($5 minimum)
  • Balance Transfer APR
    13.49% - 23.49%
  • Intro APR period (months)
  • 0% Introductory APR
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0 votes

One of the big reasons I like this card is that the points don't ever expire. That is a big thing for me, because I've had other cards that did have expiring points, and that is a real bummer when you go to use them. I also like how this card has the different points, depending on what you buy. That helps make them add up quicker.

0 votes

This place has a two-tier system for earning points. You get 1 point per dollar spent when you buy most stuff and then 2 points per purchase when you dine at certain restaurants. I originally tried to keep this straight but finally gave up and just see how many points I get at the end of the month. They're adding up, and the interest rate is okay, although I try not to carry a balance anyway.

0 votes

Despite having a FICO in the low 700s, I got what I consider a huge credit limit when I recently applied--4500. It may not sound like much to some people, but I've been getting just 500 or 1200 if I'm lucky until now. I am also going to definitely take advantage of the zero percent intereest rate for the first 7 months.

0 votes

Love how this card charges no annual fee. That is great considering how many do when they give you rewards. I oftten feel they cancel each other out and it's just a come on to have the rewards, but without the fee with this one you an actually get ahead with the rewards and truly get rewarded for doing business with them.

0 votes

I've been working on getting my credit to be really improved because I'm planning on buying another house--but with a substantial jump in price from the one I have now. I am figuring that I need my credit inthe 800s in order for this all to work, so I've been paying off a bunch of stuff, including my house, and then getting some credit cards with high balances. This card has helped with that, and they approved me for a pretty good limit.

0 votes

There was a little confusion when I got my card because I hadn't applied through the actual offer, so the card came and didn't say anything about the interest free for 7 months. I called, though, and the rep was really helpful and cheerful and got it all settled and I got the interest free for 7 months.

0 votes

Nice opportunity to get 0 percent interest on purchases for 7 months. I was able to buy something I really needed and pay it off in the 7 months with no problems, so no interest paid. I also got the 2500 thank you points, since my original purchase was just over that much. They've done everything they said they were going to so far.

0 votes

My lowest rate card by far, and it has given nice "rewards" in the form of gift cards, many times. No complaints at all.

1 votes

I've had this card for a few years now and continue to use it. You can use their reward points to purchase items on Amazon.com, which makes it worthwhile.

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