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2023.11 Replace: The $200 supply is again.
2022.12 Replace: The $200 supply is expired. At present there’s no welcome supply.
2022.8 Replace: The brand new welcome supply is $200! That is one of the best supply on this card.
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Advantages
- 20k supply: Earn 20,000 ThankYou Factors (TYP) after spending $1,500 within the first 6 months. That is one of the best supply on this card.
- Earn 2x TYP on every part: earn 1x TYP on each buy you make, and an extra 1x TYP if 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 quick introduction. Even should you don’t need to spend time to check the redemption of factors and miles, you’ll be able to select to redeem TYP at a set ratio 1.0 cent/level in direction of money.
- No annual charge.
Disadvantages
- It has overseas transaction charge, so it isn’t a sensible choice exterior the US.
Introduction to TYP
- You’ll be able to earn TYP with Citi Premier, Citi Rewards+, Citi Customized Money, Citi Double Money, and so on.
- You’ll be able to add all these playing cards into the identical thankyou.com account, and factors which are about to run out shall be redeemed first within the order wherein they expire mechanically.
- Generally, TYP by no means expire. However closing account, product change, or receiving factors from different folks might trigger TYP on that account to run out.
- In case you have Citi Status or Citi Premier, TYP may be transferred to some airline miles. One of the best ways 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 on. Should you use TYP on this method, the worth is about 1.6 cents/level.
- In case you have Citi Status, you’ll be able to redeem your TYP at a set charge 1.25 cents/level in direction of air tickets on thankyou.com. It is a widespread method to make use of TYP. Factors+money is accessible when redeeming for air tickets, so no want to fret should you should not have sufficient TYP.
- In case you have Citi Status or Citi Premier or Citi Customized Money or Citi Double Money, you’ll be able to redeem your TYP at a set charge 1 cents/level in direction of money.
- 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 best way to Earn & Introduction to TYP: The best way to Use (very detailed).
Beneficial Utility Time
- [8/65 Rule] You’ll be able to apply for at most 1 Citi playing cards each 8 days, and at most 2 Citi playing cards each 65 days, regardless of accepted or not.
- Citi values the variety of latest exhausting pulls so much, we advocate you apply when there’s lower than 6 exhausting pulls previously 6 months.
- We advocate you apply for this card after you have got 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 the choice to transform cashback to ThankYou Factors (TYP), the DC has change into probably the most invaluable no-annual charge card in the marketplace for my part. You need to use this card for all transactions that don’t have 2%+ reward charge. There’s no commonplace sign-up bonus on this card, so as an alternative of making use of for this card instantly, we advocate you the DC by downgrading different Citi playing cards when you obtain the signup bonus. Based on Citi’s coverage, all of the accounts older than 12 months may be downgraded to this card. Should you simply need to get a very good money again card and don’t need to spend time doing analysis, it is best to simply apply for it instantly.
Historic Provides Chart
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