Via Reddit, news has released that an offer for the Citi Premier card offering 40,000 Thank You Points as a sign-up bonus is BACK. Click here for the application link:
The Citi Premier card is great mainly because it is a card that offers a quite lucrative 40,000 Thank You points with no annual fee for the first year. I value Thank You points at ~1.8 cents per point, meaning this sign up bonus can get you over $700 of value. Gotta love Citi!
Thank You points are not the most popular, but they are pretty powerful, and here’s why:
- Thank You platform has its own travel booking service which allows you to book a seat on any flight you want for 1 cent/point. Meaning if you used this service, you would get at the very least $400 in value
- An even better use of the points is to transfer on a 1:1 basis to lucrative Thank You airline partners. Here are the airlines that Citi Thank You partners with:
- VIRGIN ATLANTIC
- AIR FRANCE
- GARUDA INDONESIA
- ASIA MILES (Cathay)
- EVA AIR
- SINGAPORE AILINES
- THAI AIRWAYS
- Citi Thank You points are also great for booking hotel rooms and car rentals. Car rentals are especially cheap using Citi Thank You points, as I wrote about in one of my earlier blog posts (just scroll down)
- You can use Citi Thank You points to pay off any of your Citi Thank You earning credit cards as well (although I do not recommend this route as you would not be getting the most value out of your points)
Many reports indicate that after the first year, you can downgrade this card to a NO annual fee product, allowing you to keep the points and do absolutely no harm to your credit score. In fact, your credit score would increase if you got the card due to (1) you opening a new credit account and (2) keeping the account open if you decide to downgrade
Citi had gotten rid of this offer for a while, and this link is not publicly out there yet. Make sure to take advantage as this is a great starter card for accruing Thank You Points!