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Citi Premier℠ Card: Citi’s Top Tier Travel Rewards Card

Citi Premier℠ Card
This card is not available through ValuePenguin.
Citi Premier℠ Card
This card is not available through ValuePenguin.

Citi Premier℠ Card: Citi’s Top Tier Travel Rewards Card

One of Citi's best travel rewards credit cards. Limited only by an average points program
Editor's Rating: 4.5/5.0
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Editor's Rating

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4.5/5.0

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.

The information related to the Citi Premier℠ Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. This offer and/or promotion may have since changed, expired, or is no longer available.

The Citi Premier℠ Card is a decent travel rewards credit card for consumers who do not mind redeeming through the ThankYou® Points rewards program. It has the potential for one of the highest rewards rates out of the top-tier travel credit cards, but users must redeem their ThankYou® Points through the ThankYou® Travel Center and give up some flexibility to get the best value. With the Citi Premier℠ Card, individuals also have the ability to transfer their points to airline frequent flyer miles.

Review: Is the Citi Premier℠ Card Worth It?

We believe the value of the Citi Premier℠ Card is in redeeming reward points for travel through the ThankYou® Travel Center. We generally value ThankYou® Points to be worth roughly $0.01, which is an average value. If you want a highly rewarding travel credit card with better point flexibility, we recommend the Chase Sapphire Preferred® Card or the Capital One® Venture® Rewards Credit Card. Both cards allow you to transfer points to a number of popular airline loyalty programs, and the latter allows you to use miles as statement credits. The Citi Premier℠ Card offers 60,000 ThankYou® Points to those who spend at least $4,000 on the card within the first 3 months of account opening. This is inline with this card's competitors that have similarly valued sign-up bonuses.

The card is equipped with several features that make it seamless for international travel. There are no foreign transaction fees, so you don't get charged what's usually a 3% fee whenever you use the card abroad. The card is also equipped with EMV smartchip technology, which is essential in many places outside of the United States. Citi Premier℠ Card cardholders will have less trouble getting their card accepted by foreign merchants.

Citi Premier℠ Card Benefits & Features

The Citi Premier℠ Card is part of the ThankYou® family of credit cards. This is Citibank’s flagship credit card rewards program. As such, you will find that the best parts of this credit card are based around earning ThankYou® Points. These points have a variety of uses, however just a select few of these have good value – namely airfare and hotel stays booked through the ThankYou® Travel Center.

Citi Premier℠ Card
This card is not available through ValuePenguin.
Citi Premier℠ Card
This card is not available through ValuePenguin.

Citi Premier℠ Card

Citi Premier℠ Card
This card is not available through ValuePenguin.
Citi Premier℠ Card
This card is not available through ValuePenguin.
Annual Fee
$0 Intro Annual Fee for the first year then $95
Regular APR
18.24% - 26.24% Variable
Credit Needed
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Excellent
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The information related to the Citi Premier℠ Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

How does the Citi Premier℠ Card compare to other credit cards?

If you want to fully understand the value of the Citi Premier℠ Card, you should consider how it preforms when matched up against other leading travel rewards credit cards.

Citi Premier℠ Card vs Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is one of the best travel rewards credit cards. Its rewards are based around earning users Chase Ultimate Rewards® points. This is one of our favorite rewards programs. These Chase Ultimate Rewards® points can be transferred to a number of different airlines, including United MileagePlus® and Southwest Airlines Rapid Rewards®. The rewards rate on the Chase Sapphire Preferred® Card is not as good as that on the Citi Premier℠ Card, however we prefer the points you earn using the former over ThankYou® Points. Choosing between the two ultimately comes down to whether you prefer ThankYou® or Chase Ultimate Rewards® programs.

Citi Premier℠ Card vs Capital One® Venture® Rewards Credit Card

The Capital One® Venture® Rewards Credit Card is another decent travel rewards card, made for users who don’t want to pay high annual fees. The Capital One® Venture® Rewards card only costs $95 annually ($0 the first year), the Citi Premier℠ Card does not waive the annual fee in the first year. However, the Capital One® Venture® Rewards Credit Card comes with lower potential returns. The Capital One® Venture® Rewards card offers, at best, a 2% rewards rate, and an early spend bonus worth approximately $500 on travel. To qualify for the early spend bonus on the Capital One® Venture® Rewards Credit Card you must spend at least $3,000 within the first 3 months of account opening. Right now, the Capital One® Venture® Rewards Credit Card is also running a fantastic new promotion. Users get 10x miles on hotels when they pay with their Venture card at hotels.com/Venture.

Citi Premier℠ Card vs Citi Prestige® Card

The Citi Prestige® Card has a $495 annual fee (vs the $95 annual fee on the Citi Premier℠ Card). This significantly higher annual fee comes with a few luxury benefits. Citi Prestige® Cardholders get access to airport lounges, $250 travel credit, and TSA Pre ✔® or Global Entry credit. If you care about these benefits, and believe they are worth the significantly higher annual fee, then we recommend going with the Citi Prestige® Card over the Citi Premier℠ Card.

The information related to the Citi Prestige® Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.  

Comparison Tool

If you wish to know which travel rewards credit card, you can use our tool below to get a more customized summary. Simply enter your estimated spending, and we will do the math for you – showing you exactly what kind of rewards rates and bonuses you can expect from the following cards.

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Comments and Questions

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).