Deals We Like - Citi ThankYou Premier Credit Card Offer – 50,000 Points ($665 in travel) + Free Companion Ticket

With so many Chase offers lately, I am very happy to see Citi up their game and put together a great offer for their
ThankYou Premier Credit Card! New applicants will receive
50,000 ThankYou Points after $2,500 in purchases within the first three months. This can be redeemed for
$665 in travel! Additionally, this offer comes with the first year annual fee waived (after that will be $125) and a free domestic companion ticket.
This offer currently will be good through Thursday November 3, 2011.
Application link.

Right now, this is the only 50,000 point promotion (that I am aware of) that also includes a domestic companion ticket. The  ticket, however, must be purchased through their travel provider Spirit Incentives. I have never used Spirit Incentives before, but my assumption is that the original ticket price might be slightly higher than what you might find elsewhere. In the terms and conditions of the card it states that the details of the companion ticket will be provided upon cardmembership and to search for fare prices you need a voucher number. For those traveling domestically, the 50,000 points alone is a great offer, and if you can take advantage of the companion ticket I see it as an added on perk!

Earning: You will earn 1.2 ThankYou points per $1 spent at grocery stores, gas stations, and drugstores, and 1 ThankYou point per $1 on all other purchases. Points never expire and there is no limit on the amount you can earn!

Redemption:

  • Travel: Through their ThankYou Travel Center, this card gives you a
    33% bonus with travel redemption (unlike the Preferred version of this card). This applies for car rentals, hotels, airfare, cruises, etc. The major perk of this is that you are still able to receive points/miles with your travel.  You can book on any airline of your choice with no blackout dates.
  • Gift Cards: You can redeem your points at a 1:1 ratio for many
    travel and
    non-travel related gift cards to use on future purchases. Travel gift cards include: Avis, Carnival, Hyatt, Marriott, Ritz Carlton, and Royal Caribbean.
  • Other: There are a slew of other redemption opportunities, however, you will find that you will not receive as high of a value as you do with travel and gift cards.

Other Perks:

  • Annual Fee: Annual fee waived the first year, then $125 annually – however, there are many Citi ThankYou Cards, so I would suggest signing up for this card and then downgraded to a no annual fee card prior to your card anniversary
  • Anniversary Bonus: After every anniversary year of your membership, you will receive a percentage bonus based on your purchase amount from that year. Also, the longer you are a member, the higher your percentage bonus.
    • 0-1 years: 1%
    • 1-2 years: 2%
    • 2-3 years: 3%
    • 3-4 years: 4%
    • 4+ years: 5%
  • Bonus Programs: You will earn a one-time bonus of 200 points for signing-up for Account Online and 200 points for enrolling in Paperless Statements (small amount of points, but everything counts!)
  • Foreign Transaction Fees: No foreign transaction fees! Some credit cards charge up to 3% when using their credit card internationally.
  • Travel Booking Discount: You will receive a 15% discount when booking air travel through their travel benefits provider, Spirit Incentives. I have no experience with booking through this provider, so am not sure if their prices are on par with prices you will find elsewhere.

While this credit card will not get you a free international ticket, it is now on par with the other major credit card offers out there for domestic travel. A credit card offer valued at a flat $665, with no foreign transaction fees, first year annual fee waived, and a domestic companion ticket thrown in is a great offer! The best component of using your ThankYou points for free travel is that you do not have to worry about blackout dates, capacity controls, or other reward point redemption restrictions. Also, you will earn points when using points (I hate flying and not earning points towards status)!

Additionally, Citi is a great card to keep in your credit history to help your credit score over the long term. Prior to your anniversary as a cardmember you can downgrade to the Citi ThankYou Preferred Card which has no annual fee, thus never paying an annual fee for the card. This change in credit cards will allow you to keep the card in your possession and not have a ding on credit report. If you decide to do this, just make sure to use your 50,000 points prior to this downgrade or else your 50,000 points will only be worth $500 in travel redemption. The Preferred card does not get the 33% bonus when redeeming on travel like the Premier card.

Click
here to apply for this card.

©
Deals We Like, a
BoardingArea Blog

Article source: http://travel.usatoday.com/alliance/flights/boardingarea/post/2011/10/Deals-We-Like---Citi-ThankYou-Premier-Credit-Card-Offer-8211-50000-Points-665-in-travel--Free-Companion-Ticket/556430/1

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