Citi ThankYou Preferred Rewards Card $150 Gift Card Bonus

Update – This card has just tripled it’s bonus offer to provide $150 in gift card rewards.

In an effort to provide consumers with a credit card they can use for just about anything, Citibank has launched a new line of cards, focused on high rewards and low fees.  One of those cards is the Citi ThankYou® Preferred Rewards Card and for a limited time, all new cardholders will receive 15,000 bonus ThankYou points, enough to redeem a $150 gift card through the ThankYou rewards network.  Cardholders must spend $1,000 within the first three months to qualify for this bonus.

This Citi ThankYou Preferred Rewards Card has a 0% intro APR on balance transfers and purchases for 12 months, and then the standard purchase APR is 12.99% – 22.99% variable goes into effect, based on the applicants credit history.

The rewards program for the Citi ThankYou® Preferred Rewards Card is straightforwards.  Points are earned on every purchase and be broken down in the following way:

• Earn extra points when you shop through the ThankYou Bonus Center, a network of 600+ retailers you know and love
• Earn 1 ThankYou Point for every $1 you spend on all purchases

So long as you make one purchase every 12 months, your ThankYou points will never expire and the longer you are a cardholder of the Citi ThankYou Preferred Rewards Card, the more points you will earn as a bonus!  Each year, cardmembers will receive a bonus based on the length of time they’ve been with Citi.  The bonus is a percentage of the overall points earned on the year and is currently in three tiers:

Last but not least, the Citi ThankYou Preferred Rewards Card has no annual fee, meaning your $150 gift card doesn’t come with a catch. This spring, if you need a card that earns a high reward for all of your gift purchases and gives you a little something extra on the side, consider applying for the Citi ThankYou® Preferred Rewards Card.