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Citi Thank You Preferred - Closed After Receipt of Card

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NRB525
Super Contributor

Re: Citi Thank You Preferred - Closed After Receipt of Card

You are free to close any card, and obviously it's done, but some items to consider.

 

With Citi, this would be building your internal score with them. SP CLI do become available after a time, and the account can grow over time. 

Citi would have BT offers available to you soon, so with a 3% fee to get 0% APR for 12 a 15 months, that makes it easier to carry a balance that has been run up on your other rewards cards.  AMEX never has BT offers after some initial promos, Chase does for some, but with a main spend card, easiest to keep the BT on a separate card. 

The TY points would accumulate, and if a TY Premier or Prestige sign up offer comes later, they can be transferred then. Flying Blue is a transfer partner from TY, MR, and UR, and domestically Flying Blue uses Delta for those tickets. 

 

Mostly pointing these out for others reading the thread. 

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 21 of 23
longtimelurker
Epic Contributor

Re: Citi Thank You Preferred - Closed After Receipt of Card


@NRB525 wrote:

You are free to close any card, and obviously it's done, but some items to consider.

 

With Citi, this would be building your internal score with them. SP CLI do become available after a time, and the account can grow over time. 

Citi would have BT offers available to you soon, so with a 3% fee to get 0% APR for 12 a 15 months, that makes it easier to carry a balance that has been run up on your other rewards cards.  AMEX never has BT offers after some initial promos, Chase does for some, but with a main spend card, easiest to keep the BT on a separate card. 

The TY points would accumulate, and if a TY Premier or Prestige sign up offer comes later, they can be transferred then. Flying Blue is a transfer partner from TY, MR, and UR, and domestically Flying Blue uses Delta for those tickets. 

 

Mostly pointing these out for others reading the thread. 


And just to be clear: Flying Blue is the AirFrance/KLM program.  In addition, Thank You Preferred, without another card, can transfer to TrueBlue, the frequent flier program of JetBlue

Message 22 of 23
Anonymous
Not applicable

Re: Citi Thank You Preferred - Closed After Receipt of Card


@longtimelurker wrote:


And just to be clear: Flying Blue is the AirFrance/KLM program.  In addition, Thank You Preferred, without another card, can transfer to TrueBlue, the frequent flier program of JetBlue


The JetBlue program was mentioned on the first page I believe, but as also mentioned the redemption value is very poor. Overall this card is not optimal really for any situation.

Message 23 of 23
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