Experts and consumers alike talk about the Citi Premier Card fairly regularly as a good travel card, but it is also a good gas card. It earns flexible points called ThankYou points that can be redeemed for cash back, used to book travel directly through Citi, or transferred to Citi’s airline transfer partners. This card has a $95 annual fee, which is waived the first year.
Points: The Citi Premier Card earns 3 ThankYou points per dollar spent on travel, including at gas stations, 2 ThankYou points per dollar spent at restaurants and on entertainment, and 1 ThankYou point per dollar spent on all other purchases.
If you redeem your ThankYou points for cash back, they are worth one cent each ($0.01), and if you redeem them for travel through Citi’s travel portal they are worth 1.25 cents each ($0.0125). That means you are getting 3 to 3.75% back on your travel purchases, 2 to 2.5% back on your dining and entertainment, and 1 to 1.25% back on everything else when you spend with your Premier card.
If you transfer your points to Citi’s partners, the value you get from your points can be significantly more or less, depending on the current dollar cost of the flight (the mile cost for flights booked with travel partners is generally static, so if the dollar cost is up, you could save with transferred miles).
Perks: The Citi Premier Card also has other great benefits. For starters, if you ever rent a car, you’ll benefit from its secondary rental car insurance coverage, so you can pass on the rental agency’s extra insurance. However, like the Wells Fargo Propel Amex, if you ever need to make a claim, you will be required to file with your own car insurance first. You’ll also never be charged foreign transaction fees when you travel abroad.