The Citi ThankYou Premier card is once again awarding 60,000 ThankYou points after spending $4,000 in the first three months. That’s an excellent offer on this card, though keep in mind it is not available to you if you have received a new cardmember bonus, or closed a Citi Rewards+, ThankYou Preferred, ThankYou Premier / Citi Premier, or Citi Prestige card within the past 24 months.
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This is an excellent offer as the points are worth at least $750 when used towards travel, but they can be significantly more valuable when transferred to partners. Citi transfer partners don’t get as much attention as Chase transfer partners or Amex transfer partners, but they can certainly be quite valuable (See: Citi ThankYou points sweet spots for some examples). There are a number of common partners (like Singapore, Virgin Atlantic, and Air France / KLM) where you could combine forces between your transferable currencies for a valuable award. Citi also has some unique partners like Avianca LifeMiles that have some excellent sweet spots (See: Avianca LifeMiles’ awesome mixed-cabin award pricing. First Class for less.).
Unfortunately, those who have opened or closed some of the other popular ThankYou points cards (ThankYou Preferred, Citi Prestige, or this Premier / ThankYou Premier card) within the past 24 months are not eligible to receive the welcome offer on this card. However, if you have had one of those cards for more than 24 months and you are considering closing that account, it may make sense to apply for this card first. Once this new opening resets your 24-month clock, go ahead and close the card you no longer need (or perhaps better yet downgrade it to a no-fee card).
If you have recently applied for this card under a different offer, be sure to send a secure message to Citi asking them to match — they are usually good about that if you have opened the card within the past 90 days (though of course YMMV).