Citi ThankYou Preferred Credit Card Review

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The Citi ThankYou Preferred Card earns rewards on restaurants and entertainment. For those that like to go out on the town and enjoy a night out, this could be a great choice for you.

How Does the Citi ThankYou Preferred Card Work?

For every dollar spent at restaurants and on entertainment, the credit card holder will earn two ThankYou points that never expire. For every other category, the card holder earns one point for each dollar. Restaurants include both fast food and full service options, as well as any bars lounges and cafes. The entertainment category is quite broad and includes many options, including:

· Movie Theaters

· Amusements Parks

· Carnivals or Circuses

· Zoos and Aquariums

· Museums and Art Galleries

· Sporting Events

· Concerts

· Theatrical Productions

· Live Entertainment

· Tourist Events

· Record Stores

· Video Stores

· Any On-demand Streaming Media Source, Including Netflix and Spotify

Points can be redeemed for gift cards to many popular retailers, restaurants and department stores. Once the cardholder has earned 25 points, they can redeem them for a gift card. Cardholders can earn an unlimited number of points.

Unlike some other card options, there isn’t a sign-up bonus. Some cards will offer $300 to $500 just for signing up for the credit card, but this one does not have that feature. Rewards will start after you start making purchases.

Benefits of the Citi ThankYou Preferred Card

New cardholders will get the promotional 0% APR for 15 months. While this is not as long as some other Citi cards, it’s still a good promotion and gives users enough time to finance some larger purchases with enough time to pay them off. It also works for those who want to transfer balances from higher interest cards to save money. After the promotional period, the APR goes up to a 14.99-24.99% Variable APR.

For those who want to do balance transfers, the 0% APR is comparative to other cards. However, there is a transfer fee of $5, or 3% of the balance, whichever is greater.

There are no annual costs for the Citi ThankYou Preferred Card, so there is no stress about how often the card needs to be used. Cardholders can spend on bonus categories in order to get the most out of the card.

Who Is It for?

Those who have everyday expenses at restaurants and on entertainment will get the most benefits from the card. For those who are looking for a card that just focuses on actual everyday spending, there may be better options.

There are no rewards on common expenses, so for those not spending a lot of money on entertainment costs, consider other options.

Is It Right for You?

If you are looking for a card that will earn you rewards on dining and nights out, then this is the right card for you. Those looking for cash back rewards on everyday purchases, want a sign-up bonus and want to transfer balances without a fee may be better off looking for a different card.