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ThankYou Premier 50K Bonus Changing
I believe the Citi ThankYou Premier card is one of the best around. In fact, it outdoes its main competitor the Chase Sapphire Preferred in almost every way. Even though I value Chase Ultimate Rewards higher than ThankYou points, the 3X earning on travel with the Premier is preferable to 2X with the Sapphire.
The bonus on the ThankYou Premier has been 50,000 points after $3K in spend for close to a year. (With the exception of a brief jump to 60K.) According to One Mile at a Time that is going to change on January 28, 2016. He has an affiliate relationship with Citi, so I assume that is where he is getting his information and thus I deem it to be pretty reliable.
ThankYou Premier Rundown
As a reminder, here is a quick rundown of the ThankYou Premier features and benefits:
- 3X ThankYou Points per $1 spent on travel including gas, airfare, hotels, cruises, car rental agencies, travel agencies, railways, public transportation, tolls, taxis, parking and much more.
- 2X ThankYou Points per $1 spent on dining out and entertainment.
- ThankYou® Points are worth 25% more when redeemed for airfare, hotels, cruises and car rentals through the ThankYou® Travel Center, as compared to gift cards.
- Transfer points to a variety of travel loyalty programs from airlines to hotels.
Change – But Which Direction?
Ben’s post at OMAAT says the offer will change but does not confirm if it will go up or down. I honestly can’t see it going up, but who knows. (The previously mentioned 60K was a mistake and wasn’t supposed to be a public offer.) The good news is that Citi is pretty good at honoring higher offers if you applied within the last 90 days. That is of course if you decide to apply. Should you?
Should You Apply?
Before the current 50K up front offer, Citi was giving a 50K bonus split over two years. You received the first 20K after $2K in spend during year one and 30K after $3K in spend in year two. I actually signed up for the card under this offer. It is complicated, but it does have the benefit (for the bank) of making you keep the card past the first year.
My guess is that this type of bonus was too complicated and I would venture to guess the bonus will drop to 40K points instead of splitting again, but who knows. The question of whether you should apply really comes down to your priorities. If you are eyeing this card, then it might make sense to apply before the offer changes on January 28, 2016. If you aren’t in a position to apply, then I wouldn’t worry. Bonuses come and go and it is unlikely to drop significantly and if it does then it will likely come back. Of course that is just a guess.
Where to Apply
This 50K bonus offer is available directly on the Citi website and also through affiliate links. As a reminder you can support Miles to Memories by applying for cards through our indirect affiliate links. You can find out more information here. It does really help to support the site, but please never apply for a card unless you are ready and it makes sense for you
I do think it is newsworthy when one of the best bonuses around is set to change. This card is one I carry in my wallet and thus one I recommend, especially for people who travel a lot. If you are thinking about applying, then now may be a good time, but then again it might not be.
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