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Citi Premierpass® Card Review
The Citi Premierpass® Card (Elite) was last reviewed on 24th July 2009
Summary - We recommend the Citi PremierPass® Card - Elite Level to the frequent flyer because this is the only travel reward credit card that lets you earn points not just from the dollars you spend, but also from the miles you fly. The key highlights of this card are:
You earn points not just from the dollars you spend, but also from the miles you fly (at a rate of 1 point for every 1 miles flown)You will earn miles if you pay for your companion's ticketThere are no blackout dates for airline ticket redemption
Let us look at this card in greater detail.
Reward Formula - With this card, you will earn double points for every dollar you spend on "everyday purchases and one point for every dollar you spend on regular purchases. You earn one point for every mile that you fly and you also earn one point for every mile that your friend or family flies as long as you have paid for their ticket with your card! You will also get a complimentary companion ticket when you buy a qualifying ticket. The definition of qualifying ticket means that you have buy a ticket through Citi for at least $299.
Annual Fee and APR - The annual fee is $75.00. The APR is 14.24% (variable rate) and the average daily balance method (including new purchases is used to calculate your monthly balance.
ThankYou Redemptions Network Program - The Citi PremierPass® Card's reward program is the ThankYou program, which is a great all round reward program. It has a unique travel rewards program for airlines. Cardholders have two choices. Firstly, you have a variable flight option plan where they can book any ticket or itinerary online through expedia. The number of points required to redeem for your ticket purchases will depend on the price. But you will have the flexibility to book any tickets you want.
The other options is the fixed flight option whereby the number of points
for a particular destination is fixed.
However, to qualify for the fixed flight option, you either have to a Salomon Smith Barney FMA client, have a citibank account or have an eligible citicard. The Citi PremierPass Card is an eligible card for the fixed flight option.
Verdict - We recommend the Citi PremierPass® Card - Elite Level to the frequent traveller who wants to rack up points quickly. This is the only card that allows you to earn points on both the miles you fly and the money you spend on the card.
The only thing you have to be aware of is that when you cannot just use your Flightpoints to redeem rewards. You have to combine both FlightPoints and ThankYou points. You must use at least the equal amount of ThankYou Points to redeem for a reward item. For example, if you wish to use 10,000 points and have some Flightpoints to use, you can use 5,000 Flightpoints and 5,000 ThankYou points. Hence, if you get this card, do not use it just for air travel, use it for your other purchases as well.
Positives
Ability to earn points from miles flown aside from the points you
earn buying the ticket and the points you earn from your frequent flyer program.Earn points from
miles if you pay for a companion ticketGood reward program
| Bonus Points |
20,000 points after first $600 in spending (Elite Version) |
| Point Accumulation |
1 point per $1 spent on purchases
In addition earn 1 flight point for every mile flown |
| Caps on Rewards |
100,000 points per calendar year (includes both regular and flight points
Only 50,000 may come from flight points |
| Expiration |
none if account is active within 3 years |
Online Account Access
Zero liability on unauthorized purchases
Dedicated customer service
no pre-set spending limits |
| Introductory rate |
No balance transfer offer for Elite Version |
| Annual Fee |
No annual fee |
| Purchase APR |
As low as P+10.99% for elite version (variable rate) |
| Balance Transfer APR |
As low as P+10.99% for elite version (variable rate) |
| Cash Advance APR |
Prime Rate plus 16.99%, min is 21.99% (variable rate) |
| Penalty/Default Rate APR |
29.99% (variable rate) |
| Min Finance Charge |
$0.50 |
| Grace Period |
20 days |
| Balance Calculation Method |
Average Daily Balance (including new purchases) |
| Balance Transfer Fee |
3%, min $5.00 |
| Cash Advance fee |
3% min $5.00 |
| Over-the-credit-limit fee |
$35.00 |
| Late Payment fee |
$15.00 - up to $100
$29.00 - $100 to $250
$39.00 - more than $250 |
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Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
Disclaimer 2: Though we may be affiliated with some credit card issuers, our credit cards reviews and the content on this site is written solely by us and are not influenced in any shape or form by any credit card issuers. In fact, any content here is copyrighted and cannot be reproduced elsewhere without permission. Though we make every attempt to make sure that our content is up to date. But please always check the terms and conditions for the most updated information since things like APR change fairly often.
*See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer. *See the online application for details.
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