My reader mr.S has just alerted me to this news and I saw it reported on One Mile at a Time blog. Apparently, the sign-up bonus on Citi Thank You Premier will change on January 28th. I don’t receive any direct communication from Citi bank, so can’t confirm the accuracy. Assuming it’s correct, what does this mean to you? Should you jump on this bonus now? The answer, you guessed it, is: It depends.
First, let’s talk about the current offer. The short version is that you get 50,000 Thank You points after spending $3,000 in 3 months. You can redeem them for $500 Walmart gift card (as well as many other retailers); $625 credit towards paid airfare, hotels, cruises or car rental; transfer the points to miles on 1:1 basis to programs like Singapore or Air France. If you happen to have a Citi Prestige, you can combine the points and get more value toward flights, specifically American Airlines. You can read more on this card and redemption options here Also, don’t hesitate to contact me with further questions.
There is no doubt that the sign-up bonus on Citi Thank You Premier is terrific in its current form. What will the changes look like? There are a few possibilities, all of them guesses on my part:
1) They could reduce the sign-up bonus. That’s what everyone seems to think at the moment.
2) They could make bonus tiered as they have done in the past. It used to be that you got the initial part during your first year as a cardholder, and the rest during your second year. It forced you to pay the annual fee, and was kind of a pain to track. I actually got my Premier card under those terms. If I had to guess, I would say it’s unlikely that Citi will go this route.
3) There is another plausible scenario. Citi could increase the sign-up bonus. It’s not actually that far fetched. You might remember that in the fall of 2015 there was a link for 60,000 points, though it didn’t live very long. Also, Citi Thank You Premier is marketed as a competitor to Chase Sapphire Preferred, and the bonus on the last one was recently increased to 55,000 points. It’s possible that Citi is planning to match it.
I want to stress again that I have no idea what changes are in store, so do what you are comfortable with. You have 7 days to think about it, and hopefully, there will be more information coming soon. I recommend you wait for now (if you can), and if Citi doesn’t give out more details, go ahead and decide on January 27th.
Offers come and go, and chances are, even if you miss out on the best deal now, it will come back at some point in the future. I recommend you look at my page of Best sign-up bonuses and pick a card that fits your unique situation (Citi Thank You Premier is listed, and does pay me referral if you apply through my site). Everyone is different and you may find that other offer is better suited at this time.
Readers, what are your thoughts on this new development?
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