Citi Strata Premier℠ Card Review (2024.5 Update: Name Changed, 75k Offer)

physixfan      2024-05-16     2024-05-16

2024.5 Update: Card name changed from Citi Premier to Citi Strata Premier. New offer is 75k. Main difference: Added 10x TYP earning on CitiTravel.com; added 3x TYP earning on EV charging; added trip delay insurance (hours).

2023.7 Update: The higher offer is expired. The current offer is 60k.

2023.4 Update: The current offer is 75k TYP after $4000 spend in 4 months. A little lower than the 80k best ever offer.

Application Link

Benefits

1. 75k offer: earn 75,000 ThankYou Points (TYP) after spending $4,000 in first 3 months. The recent best offer is 80k.
2. We estimate that ThankYou Points (TYP) are worth about 1.6 cents/point, see below for a brief introduction. So the 80k highest sign-up bonus is worth about $1,280!
3. If you have this card, you can transfer your TYP to partner airlines miles. Besides, with this card, you can also cash out TYP at a fixed ratio 1 cent/point.
4. Earn 10x TYP on Hotel, Car Rentals and Attractions booked through CitiTravel.com. Earn 3x TYP at Air Travel and Other Hotel Purchases, at Restaurants, Supermarkets, Gas Stations, and EV Charging Stations; earn 1x TYP on all other purchases.
5. $100 Annual Hotel Savings Benefit: Enjoy $100 off a single hotel stay of $500 or more, excluding taxes and fees, through thankyou.com, once per calendar year.
6. Trip Delay Insurance (6 hours).
7. No foreign transaction fee.

Disadvantages

1. $95 annual fee, NOT waived for the first year.

Introduction to TYP

• You can earn TYP with Citi Premier, Citi Rewards+, Citi Custom Cash, Citi Double Cash, 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 or Citi Double 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. [1/24 Rule] Bonus ThankYou Points are not available if you received a new cardmember bonus for Citi Rewards+, Citi ThankYou Preferred, Citi Premier or Citi Prestige, or if you have closed any of these cards, in the past 24 months. Product change is treated as account closure if the account number is changed. [Update] Despite what the term says, if you convert a non-TYP card (e.g. Citi AA card) to a TYP card, this action will reset the 24 month clock and affect the bonus eligibility!
2. You will not qualify for the offer if you have received the bonus offer for opening a new Citi Premier card in the past 48 months.
3. [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.
4. Citi values the number of recent hard pulls a lot, we recommend you apply when there’s less than 3 hard pulls in the past 6 months (Citi generally requires less than 6 hard pulls, but this card is different).
5. We recommend you apply for this card after you have a credit history of at least one year.

Summary

In 2020, this card becomes stronger. The ability to earn 3x TYP on restaurants and supermarkets is very useful. If you want to play with the ThankYou Points (TYP) system, you need either Citi Premier or Citi Prestige to make redemptions. Nowadays Citi Prestige becomes weaker and weaker with a really high annual fee, and Citi Premier is a better choice for most people in my opinion.

Related Credit Cards

Recommended Downgrade Options

• Citi Rewards+. We recommend you downgrade this card to these no annual fee cards that can earn TYP, because you can keep your TYP if so. If you downgrade this card to DC/Dividend, the TYP you earned from this card will expire in 60 days.

Historical Offers Chart

Note 1: The offer before 2015.4 is: earn 20k TYP after spending $2000 in the first 3 months, and another 30k after spending $3000 in the first 3 months of next year.

Note 2: The 60k offer in 2015.9 is a special link, and it probably is a glitch, so we should not expect it to appear again in the near future.

Application Link

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