citibank rewards

Citibank Rewards Credit Card Offers: Premier Card

by

Citibank updates its credit card rewards programs from time to time and when it discontinues an old rewards program like the Citibank PremierPass rewards card, it moves those customers to one of its current Citibank rewards credit cards. One of the many cards that offer the company’s branded rewards program called Thank You Rewards, is the Citi ThankYou Premier card. (Note: Citibank is the official name, although some people look for City Bank MasterCard or City Bank rewards when trying to find out more information.) Is the Citibank Premier Card a good rewards card? Let’s take a look. First, the Citi ThankYou Premier Card comes with a $125 annual fee PLUS ANOTHER $50 fee for each authorized user. That means a husband and wife credit card account with Citibank for this card will run an eye-popping $175 per year just for the annual fee. It’s waived for the first year, but otherwise, that is a pretty solid strike against any credit card offer unless it has a lot of benefits to back it up. Don’t look for a great interest rate to offset that big annual fee. The terms and conditions list the rates as 13.99% , 17.99% , or …

Read More

Review Citibank Rewards Points Elite Level Premier Pass Card

by

The Citibank PremierPass credit cards offers higher point earnings for frequent travelers, but comes with a steep annual fee.  And, most cardholders were recently nailed with a steep increase in interest rate even if they had good credit.  Do the PremierPass pros outweigh the cons?

citibank-credit-card-premierpass-elite

Earn Points Citi Premier Pass Card

The basic Citibank rewards points chart looks like this.

  • 2 ThankYou Points earned for ever $1 spent at Grocery Stores, Gas Stations, Drugstores, Parking, and Public Transportation like subways.
  • 1 Thank You Point earned for all other $1 spending.
  • 1 Thank You Point earned for every mile flown on any airline, including other people whose tickets you bought with the card.

ThankYou Points Redeem Chart

Points / $ Travel Reward* Spending Required Cash Back Equivalent
Grocery, Parking, Drugstore, Gas 2 Points / $ 20,000 points (for $200 ticket) $10,000 2%
Everywhere Else 1 Point / $ 20,000 points (for $200 ticket) $20,000 1%
50 / 50 Split 1.5 Point / $ 20,000 points (for $200 ticket) $15,000 1.5%

* Since there is no fixed flight option anymore, I tested a couple of flights through the booking system and it appears that tickets are pricing at approximately 100 points per dollar.

Reward Value is average unless you maximize shopping at the 2 for 1 points locations.

Read More

Citibank Credit Card Rewards Thank You Network Update

by

According to an email received this week, the fixed flight option will no longer be available as of March 1st. Quick Summary Before 3/1/09 – Great deal for flights between $200 and $400 (the closer to $400 the better the deal).  Still a good deal for flights over $400. After 3/1/09 – Deal Gone.  You pay 100 points per dollar.  Average travel reward at best. Check here for updated information about 2011 Citibank rewards credit card programs. Look here for an updated review of the Citibank rewards catalog 2011. Fixed Point Travel Flight Option What does that mean for Citibank credit card holders?  A worse deal. Until 3/1/09 you can get a domestic flight reward on “virtually any airline” for 20,000 ThankYou Points, up to $400.  If the ticket is more than $400 then it is 5,000 points for every $50. That works out to 50 points per dollar for a $400 flight and then 100 points per dollar after.  That, of course, only works at exactly $400, but any flight over $200 costs you less than 100 points per dollar. Even if you go over $400, you are still getting a good deal because that first $400 comes at …

Read More