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Citi ThankYou Preferred Card – Earn 20,000 Bonus Points

This article was written by in Credit. 6 comments.


Citibank’s line of credit card products are well-known for having some of the best balance transfer credit cards available, especially for cards that also feature a rewards program. The Citi ThankYou® Preferred Card – Earn 20,000 Bonus Points offers new cardholders a way to earn 20,000 bonus ThankYou® Points after members make $1,500 in card purchases during the first three months of account opening. Those points can be redeemed for a choice of $200 in gift cards from leading national merchants or other rewards.

Citi ThankYou® Preferred Card – Earn 20,000 Bonus PointsThe Citi ThankYou® Preferred Card – Earn 20,000 Bonus Points currently offers a 0 percent introductory APR on balance transfers and purchases for 12 months. After that, the variable APR will be 12.99-22.99 percent based upon your creditworthiness.* With this offer, there is a balance transfer fee of either 3 percent of each balance transfer or $5, whichever is greater. There is no annual fee.*

With a low introductory APR on balance transfers and purchases, solid rewards program, global acceptance with Chip Technology and no annual fee, the Citi ThankYou Preferred Card – Earn 20,000 Bonus Points has a little of everything. When shopping around for a new credit card, consider the Citi ThankYou Preferred Card – Earn 20,000 Bonus Points.

*Check the issuers application page for terms and conditions and additional information before you apply.

Updated January 15, 2014 and originally published January 28, 2011. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 6 comments… read them below or add one }

avatar 4hendricks ♦248 (Cent)

Sorry, I hit enter – I do hope that consumers don’t buy more than they can afford in hopes of earning more rewards. Defeats the purpose.

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avatar eric ♦1,549 (Half-Dollar)

I got a letter saying Citi is discontinuing my Citi PremierPass card and changing me to this card….not sure I wanna keep it at this point. I’m tired of the TY points devaluation to be honest.

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avatar David M

The anniversary bonus add up to almost nothing! If you spent $20,000 you get 20,000 points in a year and at $.01 a point you get $200. Now add on the bonus and lets even assume its the 3%, well 3% of 20,000 is 600 or a whopping $6.00.

Get the card for the 6,000 sign up points and 2 points per $ in the first year – then stop using or cancel this card and get a better reward card.

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avatar faithfueledbennetts ♦264 (Nickel)

This sounds really great! We are looking for a credit card to restart our credit journey and build back up good credit after having trouble. We are going to use it for gas only, which would definitely accumulate these rewards in the 1st year. Do you think this would offer better rewards & rates than a gas station based credit card?

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avatar David M

Yes to better rewards. Rates? Do you mean interest rate? If you are going to be carrying a balance, you should not be looking at a reward card like this as the interest rates are going to be much higher than some of the non reward low interest rate cards.

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avatar Cruxman ♦331 (Nickel)

I’m going to apply for this right now. I have NO credit which I’m sure is worse or the same as bad credit. I need to start somewhere and this sounds like a good place to start. I’m 28 in school full time stay at home with my little girl and my wife works two days a week.

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