CitiBusiness ThankYou Card Review (2021.6 Update: up to 40k Offer in Branch)

CitiBusiness ThankYou® Card Review

2021.6 Update: This card is not in the Citi website credit cards list, and you can’t apply online, therefore not many people know its existence. Currently there’s 20k/30k/40k offer in branch depending on location. You can ask Citi to match to 40k. HT: DoC.

Application Link

Benefits

  1. 40k offer: earn 40,000 ThankYou Points after spending $3,000 in first 3 months.
  2. We estimate that ThankYou Points (TYP) are worth about 1.6 cents/point, see below for a brief introduction. So the 40k highest sign-up bonus is worth about $640.
  3. Earn 3x TYP in quarterly rotating categories (uncapped), and 1x TYP on all other purchases:
    1. January-March: Advertising Services, Office Supply Merchants;
    2. April-June: Computer Equipment Merchants, Software Merchants, and Telecommunications Merchants;
    3. July-September: Airlines, Hotels and Car Rental merchants;
    4. October-December: Restaurants and Entertainment.
  4. No annual fee.

Disadvantages

  1. It has foreign transaction fee, so it's not a good choice outside the US.

Introduction to TYP

  • You can earn TYP with Citi Prestige, Citi Premier, Citi Rewards+, Citi ATT Access More, etc.
  • You can add all these cards into the same thankyou.com account, and points that are about to expire will be redeemed first in the order in which they expire automatically.
  • In most cases, TYP never expire. But closing account, product change, or receiving points from other people may cause TYP on that account to expire.
  • If you have Citi Prestige or Citi Premier, TYP can be transferred to some airline miles. The best way to use TYP is to 1:1 transfer them to Asia Miles (Oneworld) or Avianca (AV) miles (Star Alliance). Other good options are: Singapore Airlines (SQ) (Star Alliance), Flying Blue (SkyTeam), Virgin Atlantic (VS) (Non-alliance), etc. If you use TYP in this way, the value is about 1.6 cents/point.
  • If you have Citi Prestige, you can redeem your TYP at a fixed rate 1.25 cents/point towards air tickets on thankyou.com. This is a common way to use TYP. Points+cash is available when redeeming for air tickets, so no need to worry if you do not have enough TYP.
  • If you have Citi Prestige or Citi Premier or Citi Custom Cash, you can redeem your TYP at a fixed rate 1 cents/point towards cash.
  • If you have Citi Rewards+, you can get 10% back when redeeming TYP, up to 100k TYP per year. This feature further boosts the value of TYP.
  • In summary, we estimate that TYP are worth about 1.6 cents/point.
  • For more information about TYP, see Maximize the Credit Card Points Values (overview), and Introduction to TYP: How to Earn & Introduction to TYP: How to Use (very detailed).

Recommended Application Time

  1. It’s likely that you can only get one bonus in 24 months on this card, but I did not go to a branch to verify this. The bonus on this card does not affect the bonuses on TYP series personal cards.
  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.

Summary

If you can get the 40k bonus, then it is a good one for a no annual fee card. The 3x categories are not very good, probably useful for a few people, the good thing is no cap.

Historical Offers Chart

Application Link


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