Citi Premier Card review: A reliable travel card with good rewards on everyday spending


There are associate gives featured on this article.

The Citi Premier® Card is a wonderful midtier journey bank card with a large welcome bonus. As I attain my tenth anniversary as a cardholder, I fondly look again at my travels over six continents (I am unsure many retailers settle for credit score in Antarctica, anyway), which have been virtually solely financed with my Citi Premier Card. 

I utilized for this card initially as a result of it has no international transaction charges. I may go wherever on this planet and use it the place Mastercard is accepted, with out worrying about further charges. After a six-month journey, I discovered that the advantages of the Citi Premier Card considerably outweighed the $95 annual price. In different phrases, this card nets me rather a lot every year in each rewards and comfort.

Intro BonusEarn 60,000 bonus ThankYou® Factors after you spend $4,000 in purchases inside the first 3 months of account opening

APR15.99% – 23.99% (Variable)

Really helpful Credit score Glorious, Good

Reward Charges

  • Earn 3 Factors per $1 spent at Eating places and Supermarkets
  • Earn 3 Factors per $1 spent at Gasoline Stations, Air Journey and Motels
  • Earn 1 Level per $1 spent on all different purchases

Annual Charge$95

Intro Buy APRN/A

Steadiness Switch Charge Steadiness switch price applies with this provide 5% of every steadiness switch; $5 minimal.

Steadiness Switch APR15.99% – 23.99% (Variable)

Late Cost Charge As much as $40

Overseas Transaction Charges 0%

Penalty APR As much as 29.99% (Variable)

  • Earn 3 Factors per $1 spent at Eating places and Supermarkets
  • Earn 3 Factors per $1 spent at Gasoline Stations, Air Journey and Motels
  • Earn 1 Level per $1 spent on all different purchases

Rewards and welcome bonus

The rewards charges on purchases are fairly all-inclusive. Citi gives 3x factors in 4 outstanding classes: eating places, gasoline stations, supermarkets and journey (air journey and lodges) wherever on this planet. You earn 1x level for all different purchases. Every level is value 0.01 cents when redeemed as a press release credit score, which suggests you are incomes 3% again on gasoline stations, eating places, supermarkets and journey (air journey and lodges), and 1% again on all the pieces else. (Ensure that to examine redemption choices beneath so you aren’t getting tricked right into a decrease redemption fee like I initially did.)

These charges make the 3x factors classes aggressive, particularly since you will not typically discover these classes bundled collectively and emphasised equally. On the identical time, the flat fee on different purchases is on the decrease finish of the spectrum since many bank cards provide a 1.5% and even 2% flat fee on purchases. So in case your spending is usually outdoors of those high 4 classes, the next flat fee cash-back card may make sense.

The welcome bonus, whereas not as giant because it has been prior to now, is sizable relative to the remainder of the market. You may earn 60,000 bonus factors after spending $4,000 in purchases in your card inside the first three months of account opening. That is equal to $600 in reward playing cards redeemed at Thankyou.com or assertion credit, amongst different redemption choices.

Touring with the Citi Premier Card

With the Annual Lodge Financial savings Profit, you may get $100 off a resort reserving of $500 or extra (excluding taxes and costs) when booked by way of Thankyou.com, Citi’s rewards portal, as soon as per calendar 12 months.

The truth that there are not any international transaction charges makes buying overseas easy and clear. Usually, international transaction charges run between 1% to three% of your complete transaction value, so the financial savings with the Citi Premier Card add up shortly once you’re outdoors of the nation.

There’s one caveat when touring with any bank card: At all times keep in mind to alert your bank card issuer earlier than your journey so your account would not get frozen for suspicion of theft. I forgot to do that and located myself in a predicament. When you can name Citi to type out the issue, if you do not have worldwide cell service and rely solely on Wi-Fi, it could be tougher, particularly since you want to name from the cellphone quantity registered together with your Citi account for safety functions. 

To keep away from any issues and let Citi know that you’re going to be touring, schedule a visit by going to your on-line account, navigating to Journey providers inside the Providers tab, and deciding on Add a journey discover to enter your journey dates and vacation spot(s). You possibly can submit journey notices as much as 180 days prematurely.

Redemption choices

There are a handful of how you possibly can redeem your Citi ThankYou® factors: Assertion credit score, procuring at retailers like Amazon, redeeming for reward playing cards or buying journey by way of Thankyou.com.

Journey from Thankyou.com contains search capabilities for flights, lodges, automobiles, actions, cruises and offers, and the vary of choices inside the portal is expansive. Factors for journey bookings by way of Thankyou.com are value 1 cent every.

Money again can get a little bit difficult with this card. It wasn’t till not too long ago that I observed there’s a proper means and a unsuitable means to redeem factors for money again or assertion credit with this card. Sadly, I redeemed factors the unsuitable means for many of my time as a cardholder: I had been utilizing the Pay with Factors characteristic that’s marketed on my account house web page, at a fee of 0.8 cents per level. Then I found that if you happen to redeem for a press release credit score through the Thankyou.com portal, you really obtain a price of 1 cent per level — and you do not have to fret about matching the purpose quantities to buy quantities for redemption. You possibly can simply declare your money again as a press release credit score, direct deposit or test by mail.

Moreover, you possibly can redeem your factors for model reward playing cards or Store with Factors at taking part retailers like Amazon, Greatest Purchase and PayPal. Whenever you Store with Factors, your Citi Premier Card is loaded into your account with a ThankYou factors associate, and you should utilize the factors as forex to cowl half or all your buy. Other than comfort, there is not a lot profit to utilizing these choices, since they yield a decrease fee than different redemption strategies.

Different advantages

Citi is the one main bank card issuer presently providing virtual credit cards, or digital account numbers, straight by way of your on-line account. Digital account numbers are randomly generated disposable bank card particulars that masks your true info when making on-line purchases, thus serving to to stop bank card fraud and id theft. Different banks will make you are taking further steps to obtain apps and browser extensions to generate digital bank cards, which is not simple to do once you’re touring and depending on Wi-Fi or shared computer systems (talking from expertise on that one).

Relying in your account historical past and standing, Citi might give you a Flex Mortgage by way of your account — a low APR mortgage out of your credit score restrict, typically mixed with a credit score restrict enhance if you happen to settle for the mortgage and qualify. It is very important be aware that phrases, situations, and eligibility might fluctuate on this provide. My provide has are available in persistently at 6.99% APR, with no further charges, for a size of time of my selecting as much as 5 years. That is less expensive than requesting a money advance out of your bank card, which regularly comes with an upfront price in addition to an exorbitant APR.

Buy safety is an often-hidden bank card profit that the majority Citi bank cards provide, together with the Citi Premier. For any purchases made together with your Citi Premier Card or ThankYou® Factors, you will be reimbursed for injury or theft as much as 90 days after the acquisition or supply receipt, whichever comes first. It’s possible you’ll be lined as much as $10,000 per incident, for as much as $50,000 per calendar 12 months. 

Comparable playing cards

Chase Sapphire Most popular® Card
The Chase Sapphire Most popular® Card is an in depth equal to the Citi Premier. It’s one other midtier journey card with a $95 annual price and an analogous rewards bundle. You earn 5x factors on journey booked by way of Chase Final Rewards, 2x factors on different journey purchases, 3x factors on eating, 3x factors on on-line grocery purchases (excluding Goal, Walmart and wholesale golf equipment), 3x factors on choose streaming providers and 1 level per greenback spent on all different purchases. Whereas these choices are weaker than Citi Premier’s because of restricted journey and grocery rewards, Chase Final Rewards factors have the potential to be redeemed for increased worth when reserving journey. Like ThankYou factors, Chase Final Rewards factors are valued at 1 cent per level. And if being redeemed by way of journey through Chase Final Rewards, they’re value 1.25 cents.

The welcome bonus is similar to that of the Citi Premier, with the exception that it may be redeemed for 25% extra worth if you happen to’re utilizing factors to e-book journey and keen to do it by way of Chase’s portal. There may be additionally 1-to-1 factors switch with airline companions in addition to no international transaction charges.

Blue Money Most popular® Card from American Specific
Whereas not particularly a journey card just like the others, the rewards worth of the Blue Money Most popular® Card from American Specific is most much like Citi Premier’s package deal. In contrast to the Citi Premier that earns you factors, the Blue Money Most popular is a cash-back card: You possibly can earn 6% money again at U.S. supermarkets (on as much as $6,000 in purchases per 12 months, then 1%), 6% on choose U.S. streaming subscriptions, 3% on transit, 3% at U.S. gasoline stations and 1% on different purchases. Money again is obtained within the type of Reward {Dollars} that may be redeemed as a press release credit score. Both the Citi Premier or the American Specific Blue Money Most popular could also be higher to optimize your rewards worth relying in your typical spending habits. 

Although there may be an introductory $0 annual price for the primary 12 months, the annual price of $95 kicks in after. Whereas there are usually not many travel-specific advantages, there may be automobile rental insurance coverage, which Citi Premier doesn’t provide. And with the welcome provide you possibly can earn a $300 assertion credit score after spending $3,000 inside the first six months of account opening. That makes for a better spending threshold to fulfill, however a decrease welcome provide than the Citi Premier. On the identical time, the Blue Money Most popular gives an introductory 0% APR on purchases for 12 months from the date of account opening (13.99% to 23.99% variable APR thereafter), giving it an edge over the Premier.

Phrases apply to American Specific advantages and gives. Enrollment could also be required for choose American Specific advantages and gives. Go to americanexpress.com to be taught extra.

FAQs

How do journey bank cards work?

Travel credit cards flip purchases into factors or miles that may be redeemed for journey purchases, like flights and resort stays. Typically you possibly can redeem these factors for money or a present card, however you usually get one of the best fee when utilizing them to e-book journey. The highest playing cards have their very own journey reserving portals by way of which you will discover flights, lodges and rental automobiles. Typically, factors are value extra when utilized in bank card firm portals.

Airline credit cards and resort bank cards function like loyalty packages in that you simply keep in a closed-loop rewards system. You earn rewards once you buy flights or e-book lodges by way of your chosen corporations, and you should utilize these factors for perks or future bookings by way of the identical airline or resort group.

How do you select one of the best journey bank card?

The factors and journey advantages that you simply accrue by way of a journey rewards program are sometimes redeemed by way of your bank card issuer’s web site (or app), or they seem as a press release credit score reimbursing you for previous purchases you made together with your bank card. Factors or miles will also be transferred to journey companions — largely lodges and airways — at a fluctuating conversion fee, the place they will then be used to e-book a flight or resort room.

In selecting one of the best journey bank card, there are a number of key components to think about: 

  • Annual charges: Most journey rewards packages have annual charges, with some climbing as excessive as $695, however these charges are normally mitigated by month-to-month or annual credit. 
  • Unique perks: Some journey rewards card choices additionally grant entry to unique journey perks, like airline lounges, precedence boarding or VIP welcomes at lodges. The worth of these perks is subjective and one thing you will have to judge primarily based in your wants and needs.
  • Overseas transaction charges: One of the best journey playing cards do not make customers pay a international transaction price, in order that’s not one thing you must fear about.

What further advantages do journey bank cards normally provide?

Most journey bank cards, a few of which carry hefty annual charges, embrace advantages that add worth to these playing cards, similar to journey accident insurance coverage, journey cancellation insurance coverage, journey delay reimbursement or safety, misplaced baggage reimbursement and rental automobile collision insurance coverage.

Our strategy to bank card analysis

We evaluation the playing cards which are within the highest demand and provide one of the best advantages. We scour the high quality print so there are not any surprises once you open an account. We discover the important thing components that make a card stand out and examine them to different high playing cards. That means, readers can go for a distinct card with comparable options if our decide is not proper for them. Our opinions are commonly checked and up to date to include new suggestions, in addition to to replicate adjustments in gives and the market. 

For charges and costs of the Blue Money Most popular Card from American Specific, click on here.

The editorial content material on this web page relies solely on goal, impartial assessments by our writers and isn’t influenced by promoting or partnerships. It has not been offered or commissioned by any third celebration. Nevertheless, we might obtain compensation once you click on on hyperlinks to services or products supplied by our companions.



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Citi Premier Card review: A reliable travel card with good rewards on everyday spending

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