Personal finance

Credit Card Review: Citi Premier® Card | Personal finance

New applicants earn 80,000 bonus points after using their card to spend $ 4,000 within three months of opening the account. You also earn three points per dollar spent at restaurants, gas stations, supermarkets, air travel, and hotels, and one point per dollar spent on all other purchases.

Points are earned in Citi’s ThankYou Rewards program which allows you to redeem points for merchandise, gift cards, loan repayments, and travel bookings, among others. You can also transfer your points into miles with over a dozen frequent flyer programs including American Airlines, JetBlue, Emirates, Singapore, and Turkish. This card also offers an annual savings of $ 100 on a single hotel stay of $ 500 or more.

There is an annual fee of $ 95 for this card and no overseas transaction fees.

Advantages

This card’s 80,000 new account bonus is a great offer and is only available for a limited time.

Compared to its competitors, this card offers a large list of purchasing categories, including restaurants, gas stations, supermarkets, air travel, and hotels, which are eligible to receive 3x points per dollar spent. When the typical household adds up the amount they spend on purchases eligible for this bonus, they are likely to earn much more than one point per dollar spent. The $ 100 annual hotel credit is also valuable and can offset the cost of annual fees.


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