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Citi Premier® Card

Credit needed
Excellent, Good
APR
15.99% to 23.99% Variable
Annual Fee
$95

Card Summary

Citi Premier Card, a rewards credit card, offers three points for every dollar you spend on hotels and air travel, as well as three points for eligible restaurant, gas station and supermarket purchases.

Other purchases earn 1 point per $1 Cardholders are eligible to receive a $100 discount for any $500 hotel booking (exempt from taxes, fees and other charges) each calendar year. Annual fees are $95. The annual fee is $95.

Citi Premier Card Review: This card earns you solid rewards for eligible travel expenses and daily spending, while also offering a very high rate of interest.

The pros

New cardholders receive a 80,000 point sign-up bonus when they spend $4,000 within the first three months of opening an account with Citi Premier Card.

Reward: The Citi Premier Card allows you to earn 3 points for every dollar you spend on hotels, air travel, and restaurants, and 3 points for each dollar that is spent at gas stations, restaurants, and supermarkets. Earn one point for all other purchases.

There is no foreign transaction fee. This card makes it great for international travel because there aren't any fees for overseas transactions.

Card Summary - Cons

There is no introductory APR. Some cards provide a 0% APR for the first few months, but not Citi Premier Card. The Variable APR is between 15.99% and 23.99%.

High interest rates: This card has an APR of 15.99% to 23.99% Variable. It is slightly lower than the average 15.56%-22.87% for all U.S. News cards.

Rates and fees

Issuer Name
Citi
Penalty APR
Variable: Up to 29.99%
Credit Needed
Excellent, Good
Balance Transfer Fee
This offer includes a balance transfer fee of 5% on each transfer, $5 minimum
Annual Fee
$95
Cash Advance Fee
Cash advances are subject to a 5% cash advance fee; minimum $10
APR
15.99% to 23.99% Variable
Foreign Transaction Fee
0%
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The Best Features

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

After you have spent $4,000 within your first three months, earn 80,000 ThankYou points. Spend $1 at Supermarkets or Restaurants to earn 3 points. Spend $1 at gas stations or hotels to earn 3 points.

All other purchases earn 1 point for every $1. Annual Hotel Savings Benefit: Redeem your points at thankyou.com to redeem 80,000 points for $800 gift cards.

This card has no expiration or limit on the number of points that you can earn.

Purchases are exempt from foreign transaction fees

Benefits

Comparative Analysis with Other Cards

Citi Premier Card vs. Chase Sapphire Preferred Card

Annual fee: for Citi Premier Card: $95. Annual fee for Chase Sapphire Preferred Card: $95.

Reward: Citi Premier Card earns 3 points for every dollar you spend on travel, hotels or gas station purchases. Three points are earned on purchases at restaurants and supermarkets. All other purchases get 1 point.

Chase Sapphire Preferred Card gives you five points per $1 on Chase Ultimate Rewards travel bookings; two points for other eligible travel; three point per dollar dining and eligible streaming services; one point on all other purchases.

Sign up bonus: After spending $4,000 within the first three months of opening an account, the Citi Premier Card will give you an 80,000 point bonus. After you have spent $4,000 in your first three months of account opening, Chase Sapphire Preferred Card will give you 60,000 bonus points.

Benefits: Chase Ultimate Rewards will give you $750. Citi Premier Card Users can receive a $100 discount for a $500 hotel reservation (exclusions taxes, fees, etc.) each calendar year. The card also offers Citi Entertainment access. The foreign transaction fees are not charged by either card.

Cardholders of the Chase Sapphire Preferred Card receive benefits such as purchase protection, an extended warranty on all purchases, trip cancellation, interruption insurance, and other card benefits.

Citi Premier Card vs. Capital One Venture Rewards Credit Card

Annual fee: for Citi Premier Card: $95. Annual fee for Capital One Venture Rewards Credit Card: $95.

Reward Points: Citi Premier Card members earn three points for every dollar they spend on hotels, air travel, and restaurants. They also get three points each dollar when you purchase eligible gasoline stations, restaurant or supermarket items. Other purchases earn 1 point per $1 All purchases are eligible for two miles of Capital One Venture Rewards Credit Card points.

Benefits: New cardholders of the Citi Premier Card receive an 80,000 point sign-up bonus upon spending $4,000 within the first three months. If you spend $3,000 within the first three months of opening an account with Capital One Venture Rewards Credit Card you will earn 60,000 miles.

Citi Premier Card Cardholders get $100 off a $500 hotel reservation (excluding taxes, fees, and applicable taxes) each calendar year. The card also offers Citi Entertainment access. The foreign transaction fees are not charged by either card.

Capital One Venture Rewards Credit Card reimburses you for your Global Entry and TSA Precheck application fees and provides other benefits such as access to dining, concert tickets and more.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Do you need the Citi Premier Card?

If you are:

You can make a lot of eligible purchases of gas, food, and travel.
You can earn the sign up bonus.
You don't need to pay foreign transaction fees.
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No late fees. Reduced interest charges. Pay off

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