Citi ThankYou Preferred Credit Card (2017.1 Updated: 15k Churnable Link)

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Citi ThankYou Preferred Card Review

2017.1 Update: There’s a 15k link without 24 month restriction now, see the application link below. HT: reddit and DoC. Keep in mind that getting this card still resets the 24 month period for other ThankYou Points card, so think twice before you decide to apply for this card.

Application Link:

Features:

  1. Earn 15,000 ThankYou Points after spending $1,000 in first 3 months. 
  2. We estimate that ThankYou Points (TYP) are worth about 1.3 cents/point, see below for a brief introduction. So the 30k highest sign-up bonus could be worth about $390.
  3. Earn 2 ThankYou Points per $1 spent on dining and entertainment, 1 ThankYou Point per $1 spent on other purchases.
  4. No annual fee.
  5. Citi retention offer (offer for cardholders who wants to close their accounts) is typically very generous, but still, YMMV (Your mileage may vary).

Disadvantages:

  1. Foreign Transaction Fee exists, so better not use it outside United States.
  2. Because of Citi’s new offer rule, if you apply for this card, you will lose the chance to get the sign-up bonus for Citi Prestige or Citi ThankYou Premier in the next 24 months!

A Brief Introduction to Citi ThankYou Points (TYP):

Recommended Application Time:

  1. [1/24 Rule] Bonus ThankYou points are not available if you have had ThankYou Preferred, ThankYou Premier or Citi Prestige card opened or closed in the past 24 months. Product change is treated as account closure.
  2. [8/65 Rule] You can apply for at most 1 Citi cards every 8 days, and at most 2 Citi cards every 65 days, no matter approved or not.
  3. Citi values the number of recent hard pulls a lot, we recommend you apply when there’s less than 6 hard pulls in the past 6 months.
  4. This is one of the most easiest Citi card to get, but we still recommend you apply for this card after you have a credit history of at least half a year.

Summary:

Because of Citi’s new offer rule, if you apply for this card, you will lose the chance to get the sign-up bonus for Citi Prestige or Citi ThankYou Premier in the next 24 months! So we strongly recommend not to apply for this card, just treat this card as a downgrade option.

Related Credit Cards:

After Applying:

  • Call 888-201-4523 to check Citi application status.
  • Citi reconsideration backdoor number: 866-336-7285. This is a so called “Citi EO” (Executive Office) phone number. This phone number is not designed to make reconsiderations, but the representatives are really helpful.

Historical Offers Chart:

Application Link: 


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