Unlock Travel Rewards with the Citi Premier Credit Card
For those who frequently travel, the Citi Premier Credit Card presents an opportunity to earn significant rewards on a variety of purchases. With this card, members can accumulate three points per dollar on selected categories, making it a potentially lucrative option for regular travelers.
While the card does come with a $95 annual fee, its rewards program, Citi® ThankYou® Rewards, offers a range of redemption options. This card may not have the same competitive edge as some offerings from Chase or American Express, but it still holds appeal, especially with its unique welcome bonus and travel benefits.
Discover the details, advantages, and considerations of the Citi Premier Credit Card to see if it aligns with your travel and spending habits.
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Features of the Citi Premier Credit Card
- Welcome Bonus: Earn 80,000 bonus points after spending $4,000 in the first three months.
- Introductory APR: None.
- Ongoing APR: Variable, ranging from 15.99% to 23.99% based on creditworthiness.
- Annual Fee: $95.
Rewards and Redemption
- Earning Points: 3X ThankYou® Points on dining, supermarkets, gas stations, air travel, and hotels; 1X points on all other purchases.
- Redemption Options: Redeem points through the Citi® ThankYou® Rewards program for Amazon or Best Buy purchases, gift cards, travel bookings, and more.
Additional Fees and Charges
- Foreign Transaction Fee: None.
- Cash Advance Fee: $10 or 5% of the amount, whichever is greater.
- Balance Transfer Fee: $5 or 3% of the amount, whichever is greater.
- Penalty Fees: Up to $40 for late or returned payments.
Credit Score Requirement
- A good to excellent credit score (690 to 850) is needed for approval.
Pros and Cons
- Pros:
- Annual $100 hotel stay discount on bookings over $500 (terms apply).
- Point transfers to selected airline loyalty programs, including TrueBlue, Virgin Atlantic, and Singapore Airlines.
- Additional perks like contactless pay, free authorized user addition, and Citi Entertainment® for exclusive event access.
- Cons:
- Benefits are tied to the Citi® ThankYou® Rewards program.
- Annual fee applies.
- No introductory APR on purchases or balance transfers.
Applying for the Citi Premier Credit Card
The application process is straightforward and can be completed in under ten minutes online. Applicants must be at least 18 years old and meet residency requirements based on their location.
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FAQ: Getting to Know the Citi Premier Credit Card
- What is the Citi Premier Credit Card? The Citi Premier Credit Card is a travel rewards credit card that offers significant points accumulation on various categories, including travel, dining, supermarkets, and gas stations. It is designed primarily for frequent travelers.
- What is the welcome bonus for the Citi Premier Card? The card offers 80,000 bonus points when you spend $4,000 in the first three months of account opening.
- Does the Citi Premier Card have an annual fee? Yes, there is a $95 annual fee for the Citi Premier Card.
- What are the APR rates for this card? The card has a variable ongoing APR ranging from 15.99% to 23.99%, depending on your creditworthiness.
- How can I earn rewards with the Citi Premier Card? You can earn 3X ThankYou® Points on purchases at restaurants, supermarkets, gas stations, air travel, and hotels, and 1X points on all other purchases.
- Are there any foreign transaction fees? No, the Citi Premier Credit Card does not charge foreign transaction fees.
- What are the redemption options for points earned? Points can be redeemed through the Citi® ThankYou® Rewards program for online shopping, gift cards, travel bookings, and more.
- What unique benefits does the card offer? The card provides travel benefits like a $100 annual hotel stay discount, points transfer to various airline loyalty programs, and access to exclusive events through the Citi Entertainment® program.
- Is this card suitable for international use? Yes, with no foreign transaction fees and global acceptance, the Citi Premier Card is suitable for international travelers.
- How do I apply for the Citi Premier Credit Card? You can apply for the card online through Citi’s website. The application process is simple and requires you to meet certain age and residency requirements, depending on your location.
For more personalized information or specific queries regarding the Citi Premier Credit Card, it’s advisable to contact Citi directly or visit their website. This card can be a valuable tool for those who travel frequently and want to maximize their spending rewards.
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