Citi Premier Card Overview 2023: Factors, Advantages & Charges

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Touring doesn’t come low-cost. Wouldn’t it’s good to ease that sinking feeling that comes with forking out a whole lot of {dollars} on flights? And wouldn’t it’s even nicer to get rewarded for it? 

The Citi Premier Card dishes out bonus factors on journey, eating, and leisure.

There’s additionally a tempting signup bonus and no overseas transaction charges. 

However earlier than you get began, let’s scope out its options, charges, and credit score scores to see if it’s the right match for you—

This text will present you:

  • If the Citi Premier Card is an effective match for you. 
  • The whole lot you might want to find out about charges, rewards, and factors. 
  • How the Citi Premier compares to different money again playing cards. 

Learn extra:

Citi Premier Card at a Look

Full title: Citi Premier® Card

Finest for: Frequent vacationers 

Issuer: Citibank

Required credit score rating: 670 or greater 

What’s the Citi Premier Credit score Card?

The Citi Premier bank card is a rewards bank card that allows you to earn factors in your on a regular basis purchases

You possibly can rack up factors on most purchases, together with air journey, eating, supermarkets, and fuel stations

The Citi Premier is a prime choose for frequent vacationers who wish to earn rewards for journey bills. 

With 3x factors on air journey and lodge purchases, it’s an effective way to get rewarded whereas planning your subsequent trip. 

The cardboard additionally provides a sign-up bonus of 60,000 factors whenever you spend $4,000 within the first three months. 

All in all, the Citi Premier bank card is a strong alternative for anybody who likes to journey and desires to earn rewards on their on a regular basis purchases.

How does the Citi Premier Card work? 

So how do you begin incomes these rewards, and what are you able to do when you’ve obtained them? 

Let’s break it down for you—

  1. Join: To get began, you’ll want to use for the Citi Premier Card on-line. Ensure you meet the eligibility necessities and have all of your paperwork prepared.
  2. Spend on eligible purchases: After you have your card, you should use it to make eligible purchases. You will get rewarded for spending on journey, eating, groceries, and fuel.
  3. Earn factors: The Citi Premier Card provides bonus factors on sure classes. For instance, you possibly can earn 3x factors on journey purchases, which embody airfare and accommodations. You too can earn 3x factors at supermarkets and fuel stations. 
  4. Redeem your factors: You possibly can redeem your factors (value one cent every) for money again, present playing cards, invoice funds, or journey booked by Citi. You too can switch your factors to one in all Citi’s Premier journey companions, resembling JetBlue. 
  5. Pay your steadiness: Don’t neglect to pay your steadiness in full and on time each month to keep away from curiosity fees and late charges. This may even provide help to sustain a good credit score rating.

Learn extra:

Citi Premier Card: Fast Abstract Overview 

Let’s begin with a rundown of the need-to-knows:

Citi Premier Card Charges 

The Citi Premier card rewards are like a scrumptious cake, however nobody likes to pay additional for the icing. It’s necessary to ensure the charges don’t take an enormous chunk out of your rewards.

Let’s crunch some numbers to see in case you’re getting a great deal or if it’s value wanting elsewhere:

Charge

Element

Annual payment

$95

Processing payment

$0

Month-to-month upkeep payment

$0

APR

20.99%–28.99% variable 

APR for money advances

29.99% variable

Steadiness switch payment

$5 or 3% of the quantity of every switch, whichever is bigger

Money advance payment

$10 or 5% of the quantity of every money advance, whichever is bigger

International transaction payment

$0

Late payment

As much as $41

Minimal curiosity cost payment

$0.50

Returned cost payment

As much as $41

Over restrict payment

$0

Extra card payment

$0

So what do you have to be paying additional particular consideration to when deciding on the appropriate bank card for you? 

When choosing the proper bank card, it’s good to keep watch over two issues. The primary is the rewards you get, and the second is the annual payment. At a minimal, the advantages need to be value greater than the annual payment. And often a number of occasions extra to make it worthwhile. 

Ian WrightFounding father of Enterprise Financing

Citi Premier Card: Execs & Cons 

Time to search out out if the Citi Premier Card advantages outweigh the drawbacks:

Execs

  • Rewards classes.
  • Annual lodge credit score.
  • No overseas transaction charges.
  • Welcome bonus.
  • Journey redemption choices.

Cons

  • Annual payment.
  • Requires good to wonderful credit score.
  • No intro APR provide.
  • Excessive money advance APR.

Execs—What We Like

Rewards classes

The most effective options of the Citi Premier Card is the rewards program. 

The cardboard makes use of ThankYou factors to reward cardholders, value round one cent every. 

You possibly can earn as much as 3x factors on a wide range of classes, together with groceries, fuel, and different purchases. 

For those who’re a foodie who likes to journey, the 3x factors on eating places, lodge purchases, and air journey will make your style buds sing, and your rewards steadiness soar. 

Check out our prime money again bank cards for extra rewards. 

Annual lodge credit score

One other nice characteristic is the Citi Premier Card lodge credit score. 

Yearly, you possibly can take pleasure in $100 off a single lodge keep of $500 or extra (excluding taxes and costs) when booked by thankyou.com by way of the Citi Journey web site. 

This bonus could be an instantaneous improve to your journey sport that may provide help to get monetary savings and make your journeys much more satisfying. 

It’s additionally an effective way to offset the cardboard’s annual payment and get much more worth out of your rewards.

No overseas transaction charges

For all of the jet-setters, you in all probability understand how shortly overseas fees can add up. 

Fortunately, the Citi Premier Card has no overseas transaction charges. So that you’re free to globe-trot with out the burden of additional fees.

Welcome bonus 

The Citi Premier Card additionally provides a beneficiant welcome bonus. 

New cardholders can earn 60,000 bonus factors after they spend $4,000 throughout the first three months of account opening. 

You possibly can then redeem these factors for $600 in present playing cards or journey rewards at thankyou.com. 

Journey redemption choices

The Citi Premier Card provides a wide range of journey redemption choices. 

Your factors are value one cent every, and you’ll redeem your factors for journey booked by Citi, money again, or present card purchases

You too can switch your Citi Premier Card factors to associate airways at a 1:1 ratio. 

These airline companions embody JetBlue, Virgin Atlantic, and Singapore Airways. So in case you’re a journey junkie who loves rewards, this card may very well be your new co-pilot.

Try our prime journey bank cards

Cons—Issues to Contemplate

Annual payment

A possible disadvantage of the Citi Premier Card is the annual payment of $95.

Whereas reward playing cards are not any stranger to annual charges, it may be a turnoff for some cardholders (particularly for many who use the cardboard much less typically). 

Requires good to wonderful credit score

The Citi Premier Card requires good to wonderful credit score to be authorized. 

This implies your Citi Premier Card approval odds might be a lot greater with a FICO rating of 670 or greater

So, in case your credit score rating is lower than excellent, it may not be love at first swipe for you. And even in case you do handle to snag this card with a decrease rating, they may hit you with a better APR. 

Learn extra: 

No intro APR provide

Not like different rewards bank cards, the Citi Premier Card doesn’t include an introductory APR provide. 

Which means you’ll be charged the common variable APR in case you determine to hold a steadiness, which ranges from 20.99%–28.99%. 

That’s fairly steep in comparison with the typical bank card APR of 20.92%. 

Excessive money advance APR 

Let’s not neglect that Citi Premier Card’s money advance APR of 29.99% (variable). 

For those who’re enthusiastic about a money advance, you would possibly wish to rethink. 

Persist with common purchases at any time when doable to keep away from the money advance lure in any respect prices. (Your pockets will thanks later.)

Citi Premier Card Credit score Card: Issues to Know 

How do the Citi ThankYou factors work?

Thankyou factors are the title of the rewards you earn by Citibank or one in all their eligible Citi playing cards.

You possibly can entry your factors on the ThankYou web site or by your Citi Checking account and redeem them for journey, present playing cards, charity, and extra.

Right here’s how they work: 

  1. Earn factors: To begin incomes Citi ThankYou factors, you’ll want to make use of a Citi bank card that gives the ThankYou rewards program. A number of playing cards qualify, together with the Citi Premier Card and the Citi Rewards+ Card.
  2. Redeem factors: When you’ve earned sufficient factors, you possibly can redeem them for rewards. This contains money again, present playing cards, journey rewards, and on-line merchandise (together with from Amazon and Finest Purchase). You possibly can redeem your factors on-line or by cellphone by the ThankYou rewards heart. 
  3. Switch factors: Another choice is to switch your Citi ThankYou factors to a associate loyalty program. This contains airline loyalty applications, resembling JetBlue, and lodge loyalty applications, like Hilton Honors and Marriott Bonvoy. 
  4. Mix factors: When you’ve got a number of Citi bank cards within the ThankYou rewards program, you possibly can mix your factors into one account. This makes it simpler to earn and redeem factors, serving to you to achieve your rewards targets extra shortly.

Most often, every level is value one cent, which is on par with different reward playing cards.

For those who go for the Citi Premier Credit score Card, be sure you benefit from these rewards (particularly the loyalty applications the place you possibly can redeem factors at a 1:1 ratio).

What are the Citi Premier Card rewards? 

The Citi Premier Card provides a wide range of rewards that may provide help to get monetary savings and rating some main perks. 

Let’s break down among the prime Citi Premier rewards you possibly can snag with this card:

Class 

Rewards 

Eating places (together with cafes, bars, lounges, and quick meals eating places)

3x ThankYou Factors for every $1 spent 

Supermarkets

3x ThankYou Factors for every $1 spent 

Fuel stations

3x ThankYou Factors for every $1 spent 

Air journey 

3x ThankYou Factors for every $1 spent 

Motels

3x ThankYou Factors for every $1 spent 

$100 Annual Lodge Financial savings Profit

Different purchases 

1x ThankYou Factors for every $1 spent 

There are many methods to rack up these rewards, with no cap on what number of factors you possibly can accumulate. 

Steadiness transfers, money advances, and a slew of different non-purchase transactions gained’t earn you any rewards. (We’re speaking wire transfers, lottery tickets, and gaming chips.)

However in case you’re in search of a card that rewards your on a regular basis spending habits, the Citi Premier Card is the true deal. 

With no overseas transaction charges and the choice to switch factors to airline loyalty applications, you possibly can rating some main journey advantages.

What’s the Citi Premier Card credit score restrict?

The Citi Premier Card minimal credit score restrict is usually round $2,000, however can attain as much as $20,000. 

That being stated, your credit score restrict isn’t set in stone and can differ relying in your credit score rating, credit score historical past, and revenue.

So in case you’re already paving the way in which with a better revenue or rock-solid credit score historical past, you can begin with a better credit score restrict. 

And no worries in case you get hit with an preliminary low restrict—you may be eligible for a rise over time in case you present good credit score habits.

However let’s not get too forward of ourselves. Simply because you’ve got a better credit score restrict doesn’t imply it is best to go on a purchasing spree and max out your card. All the time spend inside your means and repay your steadiness in full and on time each month. 

What are the Citi Premier Card credit score rating necessities? 

Whereas there’s no particular credit score rating requirement for the Citi Premier Card, it’s usually really helpful to have a FICO rating of no less than 670

Different components that may play a task in your approval embody credit score historical past, revenue, and debt-to-income ratio

So, in case you’re considering of making use of, keep in mind that Citi may even contemplate every other bank cards or loans you’ve got open. 

Feeling not sure about your credit score rating? Try some free on-line instruments like Credit score Karma to get a greater concept of the place you stand. 

Learn extra: 

How do I contact Citi Premier Credit score Card customer support?

Listed below are a number of methods to contact Citi Premier Credit score Card customer support:

  1. Telephone: The Citi Premier Credit score Card customer support quantity is 1-800-950-5114. This can be a toll-free quantity that connects you with a consultant who may also help you with any questions or points. 
  2. On-line chat: Another choice for contacting Citi customer support is thru on-line chat. You possibly can entry this characteristic by logging into your Citi account on-line and clicking on “Contact Us” on the prime of the web page. This can open a chat window the place you possibly can chat away in real-time.
  3. Social media: Citi has a reasonably robust social media presence on Twitter and Fb. Whilst you in all probability gained’t get in-depth assist by social media, it’s a great way to get a fast response to primary questions. 

No one needs to be chatting on the cellphone for too lengthy, so be sure you come ready. Have all of your account info and any related particulars readily available. We’re speaking about your trusty account quantity, current transactions, and any error messages you will have obtained. 

Is there a Citi Premier signup bonus?

Sure, there’s a signup bonus for the Citi Premier Card. 

You possibly can earn 60,000 bonus factors after spending $4,000 throughout the first three months of account opening. 

You possibly can then redeem these factors for $600 in present playing cards or journey rewards at thankyou.com.

However to bag the signup bonus, you have to hit the spending requirement throughout the first three months of opening your account. 

So in case you’re eyeing the Citi Premier Card, strategize your spending to rack up the rewards throughout that essential window.

How Does the Citi Premier Card Credit score Card Evaluate? 

Citi Premier isn’t the one bank card providing factors and journey perks. 

Time for the reward card showdown—Citi Premier Card vs. Chase Sapphire Most well-liked vs. Capital One Enterprise

Try extra playing cards from Capital One:

Citi Premier Card: Helpful Hyperlinks

Is the Citi Premier Card Price It?

The Citi Premier Card is greatest fitted to:

  • Frequent vacationers.
  • These in search of journey and on a regular basis rewards.
  • Anybody who needs to save cash on overseas transactions.

For those who’re a jet-setter, foodie, or leisure junkie, the Citi Premier Card is an eyebrow-raising alternative. 

It provides bonus factors on journey, eating, and leisure purchases to turbo-charge your rewards sport. 

Bear in mind

You possibly can switch your factors to airline loyalty applications and dodge overseas transaction charges to make your worldwide adventures even sweeter. Certain, there’s a $95 annual payment, however with a signup bonus of 60,000 factors and ongoing rewards, it may be value it for large spenders. 

Total, the Citi Premier Card is a main choose for many who wish to earn rewards on their on a regular basis spending and relish journey and eating perks.

FAQ

What’s the credit score rating for the Citi Rewards card?

There’s no set credit score rating requirement for the Citi Rewards card, however something above 670 is really helpful for approval. 

Different components like revenue and credit score historical past are additionally thought-about. For those who’re involved in making use of, it’s greatest to test your credit score rating beforehand to see if it meets the really helpful vary (670–850).

Discover out extra about what makes a good credit score rating and easy methods to get one. 

Can I get Citi Premier Credit score Card pre-approval? 

No, Citibank says on their web site that you simply at present can’t test in case you pre-qualify for any of their playing cards. However you possibly can test to see in case you match the eligibility standards earlier than making use of. 

And the way exhausting is it to get a Citi Premier Card? 

You’ll should be no less than 18 years previous and a resident of the US. You must also have proof of revenue, a social safety quantity (or TIN), and a good credit score rating

In case your credit score isn’t as much as par, discover out how one can increase your rating quick.

What’s the Citi Status Credit score Card?

The Citi Status Credit score Card is now not accepting purposes, however present cardholders can nonetheless use the cardboard together with its hefty annual payment of $495.

With the Citi Status Card, you can earn 3x factors on air journey and accommodations, 2x factors on eating and leisure, and 1x factors on all different purchases. 

You would additionally get a $250 annual journey credit score and luxuriate in perks like complimentary entry to Precedence Cross lounges and journey insurance coverage. 

The Citi Status Card is usually focused at huge spenders who benefit from its rewards and advantages.

Eager to earn rewards? Check out our prime money again bank cards

Citi Premier vs. Capital One Enterprise: Which is best? 

The Citi Premier and Capital One Enterprise playing cards each provide rewards and advantages. However the very best one relies upon by yourself wants and spending habits. 

Listed below are some key variations to think about:

  1. Rewards: The Citi Premier provides as much as 3x bonus factors on journey and fuel stations, eating out, and leisure. Whereas Capital One Enterprise provides limitless 2x miles on all purchases.
  2. Signup bonus: The Citi Premier provides a 60,000 bonus level signup bonus after spending $4,000 within the first three months. The Capital One Enterprise provides 60,000 bonus miles after spending $3,000 within the first three months.
  3. Annual payment: Each playing cards have an annual payment of $95. 

For those who journey continuously and spend lots on eating and leisure, the Citi Premier could also be a more sensible choice. However, if you need a easy rewards program with versatile redemption choices, the Capital One Enterprise could also be a greater match.

Try our evaluate of the Capital One Enterprise X Card.

Does Citi Premier have journey insurance coverage? 

No, Citi Premier doesn’t provide journey insurance coverage, however it stays a strong choice for adventurers. 

You possibly can earn 3 factors per $1 spent on air journey and accommodations and luxuriate in no overseas transaction charges. Even with out insurance coverage, this card can save you a large number on journey bills.

Check out the greatest journey bank cards.

Is there a Citi Premier referral bonus? 

No, Citi Premier doesn’t provide referral bonuses, which implies you gained’t get any rewards for inviting pals or household. 

Nonetheless, there’s an intro bonus when first join the cardboard. You will get 60,000 bonus factors after spending $4,000 on purchases throughout the first three months of the account opening. 

Is the Citi Premier card steel?

Sure, the Citi Premier card is product of steel. 

This will make it really feel extra premium and sturdy in comparison with playing cards product of plastic. 

However whereas steel playing cards could be good to carry and use, they could be extra vulnerable to scratches and could be heavier in your pockets. 

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