2022.7 Replace: The brand new provide is 20k+5x on eating places.
2021.8 Replace: The provide is now 20k.
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Advantages
- 20k+5x provide: earn 20,000 ThankYou Factors after spending $1,500 in first 3 months. Plus, earn 5x TYP at eating places as much as $6000 for the primary 12 month.
- We estimate that ThankYou Factors (TYP) are price about 1.6 cents/level, see beneath for a short introduction. So the 20k sign-up bonus is price about $320.
- Earn 2x ThankYou Factors per $1 spent on eating and gasoline (for the primary $6,000 spending on bonus classes), 1 ThankYou Level per $1 spent on different purchases.
- Rounding up: your earnings on all purchases are rounded as much as the closest 10 factors. For instance, if you happen to earn 4 TYP for a purchase order, you’ll really earn 10 TYP. With no cap!
- 10% Factors Again for the primary 100,000 ThankYou Factors you redeem per 12 months.
Notice which you can not use this card to switch TYP to airline miles although, so I guess this profit isn’t helpful for most individuals.The ten% factors again profit works if you redeem TYP (together with transferring to airline miles) from different bank cards as nicely! So long as you mix the TYP accounts from all of your TYP associated bank cards (chances are you’ll must name for this). - No annual charge.
Disadvantages
- It has international transaction charge, so it is not a sensible choice exterior the US.
- Due to Citi’s 1/24 rule, if you happen to apply for this card, you’ll lose the prospect to get the sign-up bonus for Citi Status or Citi Premier within the subsequent 24 months!
Introduction to TYP
- You may earn TYP with Citi Status, Citi Premier, Citi Rewards+, Citi ATT Entry Extra, and so forth.
- You may add all these playing cards into the identical thankyou.com account, and factors which might be about to run out might be redeemed first within the order by which they expire mechanically.
- Normally, TYP by no means expire. However closing account, product change, or receiving factors from different folks might trigger TYP on that account to run out.
- If in case you have Citi Status or Citi Premier, TYP will be transferred to some airline miles. One of the best ways to make use of TYP is to 1:1 switch them to Asia Miles (Oneworld) or Avianca (AV) miles (Star Alliance). Different good choices are: Singapore Airways (SQ) (Star Alliance), Flying Blue (SkyTeam), Virgin Atlantic (VS) (Non-alliance), and so forth. If you happen to use TYP on this manner, the worth is about 1.6 cents/level.
- If in case you have Citi Status, you’ll be able to redeem your TYP at a set fee 1.25 cents/level in direction of air tickets on thankyou.com. This can be a widespread manner to make use of TYP. Factors+money is obtainable when redeeming for air tickets, so no want to fret if you happen to wouldn’t have sufficient TYP.
- If in case you have Citi Status or Citi Premier or Citi Customized Money or Citi Double Money, you’ll be able to redeem your TYP at a set fee 1 cents/level in direction of money.
- If in case you have Citi Rewards+, you may get 10% again when redeeming TYP, as much as 100k TYP per 12 months. This function additional boosts the worth of TYP.
- In abstract, we estimate that TYP are price about 1.6 cents/level.
- For extra details about TYP, see Maximize the Credit score Card Factors Values (overview), and Introduction to TYP: How you can Earn & Introduction to TYP: How you can Use (very detailed).
Really helpful Utility Time
- [1/24 Rule] Bonus ThankYou Factors usually are not out there if you happen to obtained a brand new cardmember bonus for Citi Rewards+, Citi ThankYou Most popular, Citi Premier or Citi Status, or when you’ve got closed any of those playing cards, prior to now 24 months. Product change is handled as account closure if the account quantity is modified. [Update] Regardless of what the time period says, if you happen to convert a non-TYP card (e.g. Citi AA card) to a TYP card, this motion will reset the 24 month clock and have an effect on the bonus eligibility!
- [8/65 Rule] You may apply for at most 1 Citi playing cards each 8 days, and at most 2 Citi playing cards each 65 days, regardless of permitted or not.
- Citi values the variety of current laborious pulls quite a bit, we advocate you apply when there’s lower than 6 laborious pulls prior to now 6 months.
- This is among the most best Citi card to get, however we nonetheless advocate you apply for this card after you’ve a credit score historical past of at the very least half a 12 months.
Abstract
The rounding up is limitless, which is sort of stunning. If too many individuals abuse it, I imagine Citi will revamp this card quickly.
Additionally, this card has a 10% Factors Again profit: for the primary 100,000 ThankYou Factors you redeem per 12 months. Information factors present that, the ten% factors again profit works if you redeem TYP (together with transferring to airline miles) from different bank cards as nicely! So long as you mix the TYP accounts from all of your TYP associated bank cards (chances are you’ll must name for this). This makes this card extra invaluable: if you have already got plans to redeem TYP, then merely preserving this card means Citi offers you further TYP without cost, as much as 10k TYP per 12 months.
Normally, this card is an excellent downgrade possibility for TYP sequence bank cards.
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