Citi Changes 24-Month Bonus Restriction and There’s Good News

Citi has made some changes to the wording in the application terms which restrict you to one bonus per family of card for every 24 months. The new language might have been introduced alongside the new Citi Rewards+ card that was launched last month.

Citi Bonus Restriction

Citi Bonus Restriction

Here’s what the new terms say for ThankYou Points bonuses:

Bonus ThankYou Points are not available if you received a new cardmember bonus for Citi Rewards+℠, Citi ThankYou®Preferred, Citi ThankYou® Premier/Citi Premier℠ or Citi Prestige®, or if you have closed any of these cards, in the past 24 months.

And here’s the old terms:

Bonus ThankYou points are not available if you have had ThankYou Preferred, ThankYou Premier or Citi Prestige cards opened or closed in the past 24 months.

The new terms are only showing for ThankYou Points cards for now.

How Does the Change Affect You

The main difference between the new and the old terms is that now the clock will be based on the last time you received a bonus and not when you last opened or closed a card.

That means that if you open a card now, you will have to wait a few months more till the next bonus. If you get the bonus 3 months after getting a new card, then it’s now basically a 27 month wait instead of the 24 months based on the old terms.

On the other hand, if you get a card but don’t receive a bonus, then it does not reset your 24-month waiting period. Converting a card from another family to the ThankYou Points family shouldn’t reset it either. And another positive thing is that you should be able to get more than one ThankYou Points card at once and get the bonuses together. This might be a great option for those who need lots of points in a short amount of time. We’ll have to wait and see if it actually works like this.

Closing a credit card will still reset the 24-month clock.

Guru’s Wrap-up

I think this new change is more positive than negative. Yes, you might have to wait a bit longer till you get another bonus, but you’re already waiting 24 months, so 2-3 more months is not huge. On the other hand, opening cards without bonuses and converting into a ThankYou points card doesn’t hurt you. And you could potentially apply for all three ThankYou cards at once and get a huge bonus.

HT: Doctor of Credit

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4 thoughts on “Citi Changes 24-Month Bonus Restriction and There’s Good News

  1. I don’t think this is right. The new terms also says “OR if you closed a card in the last war months.” So if you closed or converted a card (which I believe counts as closing) in the last 24 months, wouldn’t be eligible for the bonus.

    • The closing of the card would be happening in a different family of cards. Only the opening would in the ThankYou points family. (I have the right wording in the wrap-up section, but need to change this “Converting a card from one family to another shouldn’t reset it either”).

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