2023.11 Replace: The $200 provide is again.
2022.12 Replace: The $200 provide is expired. At the moment there’s no welcome provide.
2022.8 Replace: The brand new welcome provide is $200! That is one of the best provide on this card.
Utility Hyperlink
Advantages
- 20k provide: Earn 20,000 ThankYou Factors (TYP) after spending $1,500 within the first 6 months. That is one of the best provide on this card.
- Earn 2x TYP on all the pieces: earn 1x TYP on each buy you make, and a further 1x TYP while you pay not less than the minimal due.
- Though this card is marketed as a money again card, it really earns ThankYou Factors (TYP). We estimate that ThankYou Factors (TYP) are value about 1.6 cents/level, see under for a short introduction. Even if you happen to don’t need to spend time to review the redemption of factors and miles, you possibly can select to redeem TYP at a set ratio 1.0 cent/level in the direction of money.
- No annual price.
Disadvantages
- It has international transaction price, so it isn’t a good selection outdoors the US.
Introduction to TYP
- You may earn TYP with Citi Premier, Citi Rewards+, Citi Customized Money, Citi Double Money, and so forth.
- You may add all these playing cards into the identical thankyou.com account, and factors which are about to run out will probably be redeemed first within the order by which they expire routinely.
- Typically, TYP by no means expire. However closing account, product change, or receiving factors from different individuals could trigger TYP on that account to run out.
- If in case you have Citi Status or Citi Premier, TYP will be transferred to some airline miles. The easiest way to make use of TYP is to 1:1 switch them to Asia Miles (Oneworld) or Avianca (AV) miles (Star Alliance). Different good choices are: Singapore Airways (SQ) (Star Alliance), Flying Blue (SkyTeam), Virgin Atlantic (VS) (Non-alliance), and so forth. If you happen to use TYP on this method, the worth is about 1.6 cents/level.
- If in case you have Citi Status, you possibly can redeem your TYP at a set price 1.25 cents/level in the direction of air tickets on thankyou.com. It is a frequent method to make use of TYP. Factors+money is offered when redeeming for air tickets, so no want to fret if you happen to shouldn’t have sufficient TYP.
- If in case you have Citi Status or Citi Premier or Citi Customized Money or Citi Double Money, you possibly can redeem your TYP at a set price 1 cents/level in the direction of money.
- If in case you have Citi Rewards+, you may get 10% again when redeeming TYP, as much as 100k TYP per yr. This characteristic additional boosts the worth of TYP.
- In abstract, we estimate that TYP are value about 1.6 cents/level.
- For extra details about TYP, see Maximize the Credit score Card Factors Values (overview), and Introduction to TYP: The right way to Earn & Introduction to TYP: The right way to Use (very detailed).
Really helpful Utility Time
- [8/65 Rule] You may apply for at most 1 Citi playing cards each 8 days, and at most 2 Citi playing cards each 65 days, regardless of authorized or not.
- Citi values the variety of current exhausting pulls rather a lot, we advocate you apply when there’s lower than 6 exhausting pulls prior to now 6 months.
- We advocate you apply for this card after you may have a credit score historical past of not less than one yr.
Abstract
This card was already a no brainer for most individuals when it supplied solely 2% cashback. Now that you’ve got the choice to transform cashback to ThankYou Factors (TYP), the DC has develop into probably the most worthwhile no-annual price card available on the market in my view. It is best to use this card for all transactions that don’t have 2%+ reward price. There’s no normal sign-up bonus on this card, so as a substitute of making use of for this card immediately, we advocate you the DC by downgrading different Citi playing cards when you obtain the signup bonus. In response to Citi’s coverage, all of the accounts older than 12 months will be downgraded to this card. If you happen to simply need to get a superb money again card and don’t need to spend time doing analysis, you must simply apply for it immediately.