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Citi Premier® Card is offering its biggest-ever initial bonus to earn 80,000 bonus points after $4,000 in purchases within the first 3 months of account opening.
That’s one of the two best offers for a new consumer rewards card right now. In fact if you’re not eligible for the offer to earn 100,000 points with a Chase Sapphire Preferred® Card because of 5/24 or other reasons, this is the second best initial bonus offer out there in my opinion.
And Citibank’s points just got more valuable since they’re transferable at 1:1 into American AAdvantage until November 23, 2021.
Points can be transferred to a variety of frequent flyer programs, including:
- SkyTeam: Aeromexico Club Premier, Air France KLM Flying Blue
- oneworld: Cathay Pacific Asia Miles, Malaysia Airlines Enrich, Qantas Frequent Flyer, Qatar Airways Privilege Club, American AAdvantage (through 11/23/21)
- Star Alliance: Avianca LifeMiles, EVA Air Infinity MileageLands, Singapore Airlines KrisFlyer, Thai Airways Royal Orchid Plus, Turkish Airlines Miles & Smiles
- Non-alliance: Emirates Skywards, Etihad Guest, JetBlue TrueBlue, Virgin Atlantic Flying Club
A reader asked me, “Is it smart to dump all my Citi Thank You points into AA?” After all, they’re the only one of the largest U.S. airlines partnering with the Thank You program for points transfers, and it’s something slated to end.
- I don’t see the rush, this is at least available until mid-November. My guess is it becomes a permanent feature of the program but that’s just a guess. (Perhaps there will be a pause before the feature gets brought back as part of the co-brand deal re-up I expect to come soon.)
- At a minimum wait until November to pull the trigger in case new information influences the choice, either about the future of these transfers or other uses for the points (including bonuses to other attractive transfer partners).
- It’s also been more than 5 years since partner awards have been re-priced by AAdvantage. We just saw Alaska Airlines introduce Qatar Airways awards for more than AAdvantage charges. So it would not surprise me, either, to see an adjustment to American’s awards. The President of AAdvantage said they’re looking at replacing award charts.
- And I like EVA, Turkish and Qatar quite a lot as Citi transfer partners as well.
I’ve redeemed more American miles for my own travels than any other currency. There’s no question this is tempting, especially with the announced end date on the option. I just value transferable rewards enough I’m not sure I’d do the transfer without a specific near-term redemption in mind.
However the offer of 80,000 bonus points after $4,000 in purchases within the first 3 months of account opening from the Citi Premier® Card is an outstanding one, made even better with the added option to transfer those points to American AAdvantage.